On 21 August 2018, the newly elected Prime Minister Mohamad Mahathir announced the cancellation of three BRI projects in Malaysia, including the “East Coast Rail Link” (ECRL) and two pipelines. These projects were to be built by Chinese companies as part of the Belt and Road initiative. The...
Malaysia is one of the earliest advocates and members of the Belt and Road Initiatives (BRI). China and Malaysia have fostered diverse cooperation projects under the BRI framework, as exemplified by the East Coast Rail Link and two industrial parks. Join CGTN anchor Zhong Shi on a virtual tour...
But many senior officials, scholars and media observers have stood up and spoken out as witnesses to the concrete benefits brought by BRI projects to partner countries and regions, saying that China's role in funding, constructing or managing these projects is not based on selfish interests and ...
"For a country, the BRI is an option of development model," the minister said. "What we can see is that the BRI projects are very popular in other countries, especially in Southeast Asia. The newly completed Jakarta-Bandung high-speed railway in Indonesia is a good example. Both the Indo...
In addition, Malaysia's exposure to Chinese debt is manageable and comparatively low. However, to ensure the long-term sustainability of BRI projects, close collaboration between the governments of Malaysia and China is essential to enhance transparency in loan negotiations, mitigate potential risks, ...
"There is no doubt that the BRI projects will continue to strengthen China-ASEAN collaboration in terms of promoting growth, re-organizing regional and global economic order, and advancing greater regionalism and integration," he added. ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanm...
Dato' Ong also pointed out that in addition to the establishment of physical infrastructure such as roads, ports, and transportation systems, the advancement of digital infrastructure also matters. Through the explanation of projects in Malaysia such as the Malaysia-China Kuantan Industrial Park, Kuant...
"Cambodia, as a country that produces a lot of rice and contributes to ensuring food security, also needs investment in the irrigation system, and this kind of infrastructure projects require a lot of capital, so BRI is a framework that can help us attract investors," he said. ...
"Cambodia, as a country that produces a lot of rice and contributes to ensuring food security, also needs investment in the irrigation system, and this kind of infrastructure projects require a lot of capital, so BRI is a framework that can help us attract investors," he said. ...
Major infrastructure projects have been launched in Malaysia under the Belt and Road Initiative (BRI), which have boosted development and job creation along the Southeast Asian country's east coast, creating employment opportunities for the Malaysian youth. ...