“Chinese Foreign Minister Wang Yi is meeting his counterparts from Singapore, Malaysia, Indonesia, and the Philippines this week. Wang met with Malaysian Foreign Minister Hishammuddin Hussein on Thursday. Shan Saeed, a chief economist at Juwai IQI’s Malaysia office, joined CGTN’s Global Watch from Kuala Lumpur to share his insights.”
See the clip @ CGTN:
“The Kuantan Port expansion and Melaka Deepwater Port projects show that while China may provide funds, domestic actors also play an important role.
Despite Malaysia’s political turmoil, the Kuantan project continued to receive government support, but the Melaka project is a different story.”
Read the full article @ SCMP (paywall):
“The government of the Malaysian state of Melaka has terminated an agreement with the main developer of a Belt and Road Initiative infrastructure project after years of delays, raising questions about its future and the Malaysian government’s commitment to other projects under the strategy.
The Melaka Chief Minister’s Office said in a statement that the agreement with KAJ Development on the Melaka Gateway mixed development had been ended after the developer failed to complete the 246.45-hectare maritime initiative, which it signed on to in October 2017 and was meant to include port facilities, economic parks and tourist attractions on three artificially constructed islands.”
Read the full article @ SCMP (paywall):
“Chinese firms have since 2013 signed deals with Asean nations to build projects such as railways, bridges, dams and special economic zones.
But many have been slow to start, with negotiations over loan amounts, environmental concerns and corruption causing years-long delays.”
Read the full article @ SCMP (paywall):
