Posted by tuapuikia > 2019-03-13 17:31 | Report Abuse

LOL.. hope tomorrow will be up a little bit

Posted by Bursalord > 2019-03-13 20:55 | Report Abuse

http://www.takungpao.com/news/232108/2019/0221/250315.html

Posted by Bursalord > 2019-03-13 20:57 | Report Abuse

数字报
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首页 > 新闻 > 中国 > 正文
中马东铁项目谈判获进展 千亿高铁将重启
2019-02-21 03:19:01大公报 作者：张宝峰、凯雷

图：二○一七年八月，中国交建承建的马来西亚东海岸铁路在马来西亚关丹举行开工仪式/资料图片

据外媒报道，马来西亚外交部长赛夫丁．阿卜杜拉日前表示，马来西亚正在与中国就重启东海岸铁路项目的谈判取得了进展，该谈判由马总理马哈蒂尔的顾问达因领头。赛夫丁在接受外媒采访时还表示，中国愿意降低200亿美元（约1570亿港元）的东海岸铁路项目价格，且双方的磋商已处在“最后一英里”。

据彭博社报道，赛夫丁19日表示：东铁项目的谈判由马来西亚总理马哈蒂尔的顾问达因领头，目的是重新达成一个规模较小、成本较低的项目。赛夫丁还说，“除非我们没有谈拢，否则就不会取消这个项目。中国理解我们的处境，也愿意削减该项目原本总额200亿美元的造价。相关谈判应该已经进入尾声了。”

东海岸铁路一波三折

近年来，大马东海岸高铁项目可谓一波三折。2016年，时任马来西亚总理纳吉布发表财政预算案时宣布东海岸铁路造价为550亿林吉特（约合人民币894亿元）。2017年8月，中国投资合作、全长逾600公里的马来西亚半岛东海岸铁路举行动土仪式。马来西亚总理纳吉布保证，该计划会在2024年完工，届时可带动彭亨、登嘉楼及吉兰丹这三个东海岸州属的经济发展，也有助减缓马六甲海峡的繁忙情况。2018年，马哈蒂尔再次执政，搁置超过200亿美元的中国承建的基建项目，其中包括由吉隆坡至新加坡的高铁以及大马东海岸铁路的建设。

对於在东海岸铁路项目上“爽约”的理由，马哈蒂尔曾表示，“东海岸铁路项目不是我们能负担得起的。它达不到任何目的，也会不给我们任何回报。通过取消这些庞大的项目，我们可以一口气减少2000亿林吉特（约合人民币3212亿元）。”

双方上月恢复谈判

马哈蒂尔重新掌权以来，外媒认为他一直在试探马来西亚与中国的关系。但近期迹象显示，马来西亚希望缓和与中国的紧张关系。马哈蒂尔上月表示，政府是因成本问题暂停了该铁路项目。在那之后，双方恢复了关於该项目的谈判。

马来西亚前总理纳吉布在2016年发表财政预算案时宣布东海岸铁路造价为550亿令吉（约合人民币894亿元）。不过马来西亚元老理事会主席郭达因此前曾表示，东铁实际成本远高於此。550亿令吉只是第一阶段的成本，若加上第二阶段工程，实际成本将超过660亿令吉。

针对中马在东海岸铁路项目上的波折，外交部发言人耿爽此前曾表示，“中国和马来西亚是友好邻邦。中方高度重视同马来西亚的友好关系。当前，中马全面战略夥伴关系发展势头良好，互利合作成果丰硕，给两国和两国人民带来了实实在在的好处和利益，这值得双方共同珍惜和维护。”

中企重大项目进展


东岸高铁项目波折


规模适度缩小 双方均可接受



图：马来西亚民众在吉隆坡参观中国高速铁路展/资料图片

中国社科院亚太与全球战略研究院研究员许利平对大公报说，马来西亚东海岸铁路项目从取消到延期，从重新评估到取得进展，一波三折，背后的原因复杂。

“因为这个项目是中国与马来西亚纳吉布政府签署的，所以马哈蒂尔执政后，便对这个项目展开评估，这属於政治因素的影响。”许利平分析说，这种状况也与马来西亚国家的财政状况有关系，他们认为这个项目占用了大量的财政资金，使马来西亚赤字增加。

对於眼下项目进展重现曙光，许利平认为，这说明中马都期望达到一个双方均可接受的解决方案，毕竟如果彻底停止这个项目，也将造成马来西亚政府难以承担的赔偿金额。许利平预计，这个项目最终的解决方案很可能倾向於适度缩小东海岸铁路的建设规模。

Posted by Bursalord > 2019-03-13 21:07 | Report Abuse

数字报
新闻 评论 影像 财经 艺文 生活 专题
首页 > 新闻 > 中国 > 正文
中马东铁项目谈判获进展 千亿高铁将重启
2019-02-21 03:19:01大公报 作者：张宝峰、凯雷

图：二○一七年八月，中国交建承建的马来西亚东海岸铁路在马来西亚关丹举行开工仪式/资料图片

据外媒报道，马来西亚外交部长赛夫丁．阿卜杜拉日前表示，马来西亚正在与中国就重启东海岸铁路项目的谈判取得了进展，该谈判由马总理马哈蒂尔的顾问达因领头。赛夫丁在接受外媒采访时还表示，中国愿意降低200亿美元（约1570亿港元）的东海岸铁路项目价格，且双方的磋商已处在“最后一英里”。

据彭博社报道，赛夫丁19日表示：东铁项目的谈判由马来西亚总理马哈蒂尔的顾问达因领头，目的是重新达成一个规模较小、成本较低的项目。赛夫丁还说，“除非我们没有谈拢，否则就不会取消这个项目。中国理解我们的处境，也愿意削减该项目原本总额200亿美元的造价。相关谈判应该已经进入尾声了。”

东海岸铁路一波三折

近年来，大马东海岸高铁项目可谓一波三折。2016年，时任马来西亚总理纳吉布发表财政预算案时宣布东海岸铁路造价为550亿林吉特（约合人民币894亿元）。2017年8月，中国投资合作、全长逾600公里的马来西亚半岛东海岸铁路举行动土仪式。马来西亚总理纳吉布保证，该计划会在2024年完工，届时可带动彭亨、登嘉楼及吉兰丹这三个东海岸州属的经济发展，也有助减缓马六甲海峡的繁忙情况。2018年，马哈蒂尔再次执政，搁置超过200亿美元的中国承建的基建项目，其中包括由吉隆坡至新加坡的高铁以及大马东海岸铁路的建设。

对於在东海岸铁路项目上“爽约”的理由，马哈蒂尔曾表示，“东海岸铁路项目不是我们能负担得起的。它达不到任何目的，也会不给我们任何回报。通过取消这些庞大的项目，我们可以一口气减少2000亿林吉特（约合人民币3212亿元）。”

双方上月恢复谈判

马哈蒂尔重新掌权以来，外媒认为他一直在试探马来西亚与中国的关系。但近期迹象显示，马来西亚希望缓和与中国的紧张关系。马哈蒂尔上月表示，政府是因成本问题暂停了该铁路项目。在那之后，双方恢复了关於该项目的谈判。

马来西亚前总理纳吉布在2016年发表财政预算案时宣布东海岸铁路造价为550亿令吉（约合人民币894亿元）。不过马来西亚元老理事会主席郭达因此前曾表示，东铁实际成本远高於此。550亿令吉只是第一阶段的成本，若加上第二阶段工程，实际成本将超过660亿令吉。

针对中马在东海岸铁路项目上的波折，外交部发言人耿爽此前曾表示，“中国和马来西亚是友好邻邦。中方高度重视同马来西亚的友好关系。当前，中马全面战略夥伴关系发展势头良好，互利合作成果丰硕，给两国和两国人民带来了实实在在的好处和利益，这值得双方共同珍惜和维护。”

中企重大项目进展


东岸高铁项目波折


规模适度缩小 双方均可接受



图：马来西亚民众在吉隆坡参观中国高速铁路展/资料图片

中国社科院亚太与全球战略研究院研究员许利平对大公报说，马来西亚东海岸铁路项目从取消到延期，从重新评估到取得进展，一波三折，背后的原因复杂。

“因为这个项目是中国与马来西亚纳吉布政府签署的，所以马哈蒂尔执政后，便对这个项目展开评估，这属於政治因素的影响。”许利平分析说，这种状况也与马来西亚国家的财政状况有关系，他们认为这个项目占用了大量的财政资金，使马来西亚赤字增加。

对於眼下项目进展重现曙光，许利平认为，这说明中马都期望达到一个双方均可接受的解决方案，毕竟如果彻底停止这个项目，也将造成马来西亚政府难以承担的赔偿金额。许利平预计，这个项目最终的解决方案很可能倾向於适度缩小东海岸铁路的建设规模。

Posted by TA_trader > 2019-03-14 09:39 | Report Abuse

kan aku cakap dah....up few sen dont make so much noise. When reach 90 sen or 1.00 only talk.

Posted by sarahdeaton > 2019-03-14 13:15 | Report Abuse

Okok..i sell all now.

Posted by Hunkyman > 2019-03-14 22:01 | Report Abuse

Tomorrow dive in

Posted by Hunkyman > 2019-03-14 22:02 | Report Abuse

Dun say i din say

Posted by SHQuah > 2019-03-15 08:40 | Report Abuse

https://www.thestar.com.my/news/nation/2019/03/15/mrcb-pleased-with-pacs-feedback/

Posted by mkmike > 2019-03-15 11:52 | Report Abuse

Showing ascending triangle attribute. RSI at 50%. 20MA above 40. +DI curving up. For the past two rebounds, Bolinger mid line seems to be its support. Show time soon.

Posted by Bursalord > 2019-03-18 15:37 | Report Abuse

-A+A
KUALA LUMPUR (March 18): While sentiment on the construction sector is seen to have somewhat recovered, construction stocks are seen to be running ahead of its fundamentals, according to MIDF Amanah Investment Bank Bhd Research.

In a report today, MIDF Research's Muhammad Danial Abd Razak highlighted that further extension to the gains must be underpinned by commensurable growth in forward earnings, as sectorial price momentum has thus far outperformed the broader market.

"As of writing, we think the sector is still lacking solid catalysts which extend beyond the current visibility," said Muhammad Danial, downgrading the sector to "neutral" from "positive".

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Going ahead, further gains must be driven by strength in earnings and prospects, said Danial, which he believes the sector players will remain beneficiaries of from existing projects, namely light rail transit line 3 (LRT3) and mass rapid transit line 2 (MRT2), and given its size of more than RM40 billion combined that is expected to support earnings in the immediate to medium term.

"We believe public projects comprising railways will continue to hold a significant share in the local industry, as potential roll-out of similar scale remains a possibility," said Muhammad Danial.

Nonetheless, Muhammad Danial suggested that near-term challenges will gravitate towards execution as he explained that the conversion from project delivery partner (PDP) to turnkey structure means contractors will need to bear the execution risk.

"Managing it well will likely translate to better margin, derived from the work progress completed," he said, adding that the extension period given for LRT3 should provide headroom for contractors to better allocate and spread out their resources.

He noted that upside risk to the sector could potentially be the revival of East Coast Rail Link (ECRL) project, should a meaningful portion be shared with local contractors.

Recall that previously local contractors could be allotted at least 30% of the civil works, as sub-contractors, worth about RM16.5 billion, he said.

Additionally, Muhammad Danial opined that the recent announcement on the takeover of Gamuda Bhd's toll highways is an added overhang factor, given that the company is a Bursa Malaysia Construction Index heavyweight.

For potential exposures, he suggested investors to take a closer look on companies with niche expertise and healthy balance sheet, namely Gabungan AQRS Bhd (BUY, target price (TP): RM1.87) and Muhibbah Engineering (M) Bhd (BUY, TP: RM3.15).

Notably, Muhammad Danial said seven out of eleven construction companies under the research house's coverage ended the year within and above the yearly estimates, with Muhibbah and KKB Engineering Bhd both posting results beyond expectations.

However, he downgraded Sunway Construction Group Bhd (+30.8% gain since January) and Gamuda (+29% gain since January) to neutral, from buy, as the previously beaten-down counters have recently risen close to their fair values.

Meanwhile, Muhammad Danial noted that the immediate prospect looks brighter in Sarawak as the state government has recently announced a record budget of RM9.1 billion for development.

Accordingly, the amount will be used to fund a few major infra projects including the Coastal Road, Second Trunk Road and the Water Grid Project.

"Following our optimistic view on Sarawak, we would recommend investors to consider Cahya Mata Sarawak Bhd (BUY, TP: RM4.13) and KKB Engineering (BUY, TP: RM1.33), which we opine to be the front-runner for the pending roll-out of the infrastructure projects aforementioned," said Muhammad Danial.

Construction stocks

Company Share price (RM)* YTD change (%) YTD change (RM) Market Cap (RM, MIL)
IJM Corp Bhd 1.99 23.46 0.42 7,252.60
Gamuda Bhd 2.92 24.79 0.67 7,207.06
Cahya Mata Sarawak Bhd 3.39 25.65 0.65 3,625.18
Malaysian Resources Corp Bhd 0.815 32.52 0.21 3,585.88
Sunway Construction Group Bhd 1.86 38.35 0.54 2,377.73
Lafarge Malaysia Bhd 2.19 22.65 0.38 1,886.32
Ekovest Bhd 0.565 25.84 0.13 1,197.98
WCT Holdings Bhd 0.83 22.22 0.15 1,139.00
George Kent (M) Bhd 1.17 40.12 0.37 630.18
Gabungan AQRS Bhd

Posted by witchjaz > 2019-03-19 15:57 | Report Abuse

MRCB is introducing the country's first volumetric building system by year end, which is a combination of prefabricated prefinished volumetric constructions and a jointing system known as the candle-loc, is a step up from the currrent IBS used by the industry for precast buildings;


https://www.theedgemarkets.com/article/mrcb-stepping-game-modular-building-system

Posted by Bursalord > 2019-03-19 16:26 | Report Abuse

https://www.malaymail.com/news/money/2019/03/19/mrcb-stepping-up-the-game-in-construction-industry-with-mbs/1734095?utm_source=FBdlvr&utm_medium=facebook

Posted by mkmike > 2019-03-19 20:30 | Report Abuse

Technical rebound anytime I supposed.

Posted by sarahdeaton > 2019-03-20 09:32 | Report Abuse

Omg...all in!!! News at 12pm.

Posted by Bursalord > 2019-03-20 11:57 | Report Abuse

https://www.theedgemarkets.com/article/pm-mahathir-ecrl-project-can-proceed-when-negotiations-china-finalised

Posted by Bursalord > 2019-03-20 18:14 | Report Abuse

https://www.sinarharian.com.my/article/19074/BERITA/Nasional/Rundingan-ECRL-muktamad-sedikit-masa-lagi

Posted by Notconfused > 2019-03-20 22:06 | Report Abuse

This cb counter cost me thousands in warrants pfft

Posted by SamuelLuke > 2019-03-21 09:55 | Report Abuse

Notconfused some earns some loss... is normal...

Posted by sarahdeaton > 2019-03-21 16:50 | Report Abuse

Okok..i buy now.

Posted by knightyonder > 2019-03-21 16:56 | Report Abuse

imminent breakout

Posted by SHQuah > 2019-03-22 11:24 | Report Abuse

https://klse.i3investor.com/blogs/AmInvestResearch/199109.jsp

Trading Call: Buy on further rebound above RM0.84

Target: RM0.87, RM0.97 (time frame: 3-6 weeks)

Posted by Sinoboy > 2019-03-25 13:59 | Report Abuse

When IB say buy, better to sell...

Posted by tuapuikia > 2019-03-25 14:04 | Report Abuse

buy buy

Posted by wantousek > 2019-03-25 14:11 | Report Abuse

sell sell

Posted by marlboroman2 > 2019-03-25 18:05 | Report Abuse

hold hold

Posted by SamuelLuke > 2019-03-26 11:48 | Report Abuse

wah profit again .... so nice

Posted by sarahdeaton > 2019-03-26 13:27 | Report Abuse

Okok...i buy now.

Posted by SamuelLuke > 2019-03-26 16:48 | Report Abuse

U don’t make noise together with me lah, later ppl with itchy kuku report u to SC I tell u.....

Posted by Bursalord > 2019-03-26 18:01 | Report Abuse

CHINA TO SHAVE US$2.4 BILLION OFF COST OF MALAYSIA’S EAST COAST RAIL LINK. BUT WILL IT BE ENOUGH?
BY TASHNY SUKUMARAN
25 MAR 2019
Malaysia’s chief negotiator on the controversial Beijing-backed project, Daim Zainuddin, says a revised deal would send ‘a lot more Malaysia’s way’
But experts say the final terms of the deal – previously criticised by PM Mahathir Mohamad as biased in China’s favour – remain obscure
9
A model of the East Coast Rail Link project during its ground breaking ceremony in Kuantan, Malaysia in 2017. Two years on, the project is mired in uncertainty. Photo: Xinhua
A model of the East Coast Rail Link project during its ground breaking ceremony in Kuantan, Malaysia in 2017. Two years on, the project is mired in uncertainty. Photo: Xinhua
The Chinese government has offered to cut 10 billion ringgit (US$2.45 billion) off the price of Malaysia’s controversial East Coast Rail Link in an effort to get the project back on track before world leaders gather in Beijing for a summit on the “Belt and Road Initiative”. Whether that will be enough to gain a green light for the long-stalled project is anyone’s guess.

Malaysia’s lead negotiator on the China-backed project, Daim Zainuddin, said last week that Beijing was hoping a revised deal could be finalised by April 2, weeks before Prime Minister Mahathir Mohamad heads to China for the April 25-27 meeting.

Malaysia scraps China-backed East Coast Rail Link plan over price
Daim said that in addition to the savings, revisions to the deal would ensure “a lot more comes [Malaysia’s] way”. Though Daim did not specify what he meant by this, the project has long faced accusations that its terms are biased in China’s favour. The rail link was among various China-linked projects that Mahathir either suspended or cancelled after his election in May last year. The 93-year-old leader had attacked the projects as inessential and costly and claimed his scandal-tainted predecessor Najib Razak had offered Chinese contractors a “sweetheart deal” as a quid pro quo for bailing out Malaysia’s state investment fund 1MDB.


Malaysia’s government adviser Daim Zainuddin with Chinese Foreign Minister Wang Yi in Beijing in July. Photo: AFP
Since then a question mark has hung over the rail link, with government ministers giving conflicting accounts over whether a deal was still a live option.

Daim said there was now reason for optimism. “We may be able to resolve this as soon as possible,” he said. “I have a good relationship with [the Chinese] as I have known them since 1971. Maybe they are comfortable with me. I am an old man,” said Daim, who was finance minister from 1984 to 1991 during Mahathir’s first stint as prime minister and is now chairman of the government’s Council of Eminent Persons.

Mahathir says stalled Chinese rail link can go ahead on ‘smaller scale’
However, experts criticised Daim’s comments as being “vague” and pointed out he had not given a definitive figure for the cost of the project, estimates of which have varied wildly according to the source.

Najib had originally claimed the project would cost 55 billion ringgit, but the most recent figure put forward by Mahathir was that the true cost of the 688km line would be 130 billion ringgit. Which figure Daim is using as a basis for his 10 billion ringgit reduction is unclear or – as Dr Ngeow Chow Bing of University Malaya’s Institute of China Studies put it – “a bit vague”.


Malaysian Prime Minister Mahathir Mohamad has been accused by some of being anti-China. Photo: AP
Ngeow said Daim’s figure was surprising as he thought Kuala Lumpur was pursuing a greater reduction in cost. “So I am confused … [the contractor China Communication Construction Company] has already offered to halve the cost, which is already a reduction of more than 10 billion ringgit. Does he mean there would be a further reduction of 10 billion ringgit from the halved cost, or the original cost?”

Commenting on why Beijing might have suggested the April 2 date to finalise the project, Ngeow said “I suppose China feels confident that substantial progress has been made but perhaps there are still some small but substantive and difficult parts so a ‘deadline’ or something of the sort is needed to speed things up.”

Dr James Chin of Tasmania University’s Asia Institute also thought Daim’s announcement was unclear, and questioned whether there were “hidden” elements to the deal, such as the promise of other contracts in the future.

Mahathir’s Malaysia still ‘open for business’ with China despite stalled rail link
“The date shows that China wants to settle this quickly. One must assume the Chinese are worried that if they don’t settle, it may give other countries an example of how to deal with China,” he said.

Mahathir has previously indicated negotiations on the rail link might not wind up before the Belt and Road Forum, though he has said the project could continue on “an appropriate scale” depending on China’s attitude to dropping the

Posted by Bursalord > 2019-03-26 18:01 | Report Abuse

Buy before it's too late.

Posted by marlboroman2 > 2019-03-26 19:26 | Report Abuse

The knee jerk reaction / negative perception which drove the construction sector down via the annoucements of mega project scale-downs and cancellation of ECRL is a past issue. The new government ‘had’ to make drastic announcements (a certain pannache was needed) however, if you look at it now being months later, it’s business as usual albeit on a more cautious slow plod.

The govt will continue to develop and grow the country’s primary infrastructures and it will be on a bigger scale, its a time progression thing, more population dictates the need for better market accessibility for businesses to grow, etc

MRCB is still a laggard in relative % terms to other construction stocks over recent months’ rebound from post GE14 lows (grab a few peer counters, compare n do the maths).

IMO the bulls n bears will tussle it out in April at the magical RM 1 mark. And yes i obviously have a vested interest in this counter.

Posted by banker33 > 2019-03-27 06:55 | Report Abuse

CIMB give a TP of $1.10 , it said buy from 85 cents upwards, so I am starting to collect, hope the best for all

Posted by sarahdeaton > 2019-03-27 08:09 | Report Abuse

Okok. I sell now.

Posted by SamuelLuke > 2019-03-27 09:07 | Report Abuse

Shhhhh...... only up few cents... cannot make noise...call buy also need to be soft soft ...

Posted by Begineer > 2019-03-27 09:15 | Report Abuse

flying

Posted by wantousek > 2019-03-27 09:38 | Report Abuse

pancut awal..

Posted by tuapuikia > 2019-03-27 10:27 | Report Abuse

buy buy buy

Posted by tt101 > 2019-03-27 10:32 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/03/27/klspore-flight-route-is-worlds-busiest-again/

HSR Singapore - KL to resume. May is nearby now

Posted by ZoneFD > 2019-03-27 11:43 | Report Abuse

shining in red market....

Posted by KAQ4468 > 2019-03-27 11:44 | Report Abuse

green kayak in red sea

Posted by Bursalord > 2019-03-27 15:38 | Report Abuse

Ecrl project is coming back soon

Posted by SHQuah > 2019-03-27 15:50 | Report Abuse

https://www.theedgemarkets.com/article/strategic-alliances-likely-george-kent-expand-diversify-products

Near-term opportunities for George Kent the Klang Valley double track 2 worth RM5 billion, where we understand the company is seeking a JV partner to participate in the tender.

Posted by Bursalord > 2019-03-27 21:44 | Report Abuse

Opinion 21:46, 26-Mar-2019
Restarting ECRL project benefits both Malaysia and China
Peng Nian
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Editor's note: Peng Nian is an assistant research fellow at the National Institute for South China Sea Studies (NISCSS), a top think tank based in Haikou, China. The article reflects the author's opinion, and not necessarily the views of CGTN.

Recently, Daim Zainuddin, who has been appointed by the Malaysian government as the special envoy of the prime minister to head the East Coast Rail Link (ECRL) negotiation with China, said that the government is expected to finalize the ECRL project in early April, and the new agreement would be executed in the same week.

It was the first time that the Malaysian government gave a precise timeframe on reviving the project that was suspended by the country's newly elected government last August.

In fact, Malaysian senior officials, mainly Finance Minister Lim Guan Eng, have released confusing messages on the controversial project since its suspension, resulting in prevailing rumors that the new Malaysian government had already decided to stop the project.

Even several days before Daim's claim, Prime Minister Mahathir Mohamad said his government would not reach a deal with China before his China trip at the end of April when the International Cooperation Forum for the Belt and Road Initiative (BRI) is held in Beijing. In this context, Chinese investment in Malaysia and Sino-Malaysia relations, as well as the implementation of the BRI, have been adversely affected.


Skytrain, Kuala Lumpur, Malaysia. /VCG Photo

Nevertheless, it is not surprising that both sides would reach an agreement on restarting the ECRL since there has always been positive and continued engagement between China and Malaysia regarding the project.

Mahathir stopped the ECRL project as well as two other Chinese projects temporarily. However, in order to reduce China's suspicions about Malaysia's resistance toward the BRI, he also claimed to attend the second International Cooperation Forum for the BRI.

For Kuala Lumpur, the main obstacle to resuming the ECRL project is the debt burden rather than so-called sovereignty or security threats. Therefore, Malaysia would like to resolve this issue in a commercial way, which means that it seeks to negotiate with Chinese companies on narrowing down the project as well as mortgage financing.

The ECRL project was approved by former Prime Minister Datuk Seri Najib Razak in October 2016 at the cost of 55 billion Malaysian ringgit (13.5 billion U.S. dollars). The new ECRL deal, with cost savings of about 10 billion Malaysian ringgit (2.45 billion U.S. dollars), would have new commercial elements that would have a greater impact on Malaysian companies and people.


Kuala Lumpur railway, Malaysia. /VCG Photo

In addition, the Malaysian government would restart the project as it wants to reduce internal pressures from opposition parties and external pressures from the West. For instance, Prime Minister Mahathir threatened to import aircraft from China rather than the EU because of the recent dispute with the EU on environmental concerns of Malaysian palm oil products.

The Malaysian government, of course, would like to maintain close relations with China by removing the big barrier, the suspension of the ECRL, and thus to manipulate the balancing act between China and the West. Given this, restarting the ECRL with a declining input cost is a good choice for Malaysia to maximize economic interests and minimize diplomatic pressure.

For China, it has always stated that both sides should solve the ECRL project as early as possible so as to revive the confidence of the BRI. A new agreement on resuming the ECRL would be a big promotion for the coming International Cooperation Forum for the BRI held in Beijing.

Hence, China would like to make a compromise so that the ECRL would restart before the beginning of the BRI forum. Additionally, China had already agreed to reduce the strategically important Kyaukpyu deep-water port with Myanmar last year, so it is reasonable for China to make a similar deal with Malaysia on the ECRL.

To conclude, the coming new deal on resuming the ECRL project is beneficial to both Malaysia and China and would promote the win-win cooperation between the two countries.

Posted by Ron90 > 2019-03-28 00:48 | Report Abuse

resistance broken..move towards 90c..

Posted by James Ng > 2019-03-28 11:00 | Report Abuse

https://klse.i3investor.com/blogs/general/199972.jsp
[转贴] [Facebook live:浅谈Malaysian Resources Corp bhd (MRCB)] - James的股票投资James Share Investing

Posted by SamuelLuke > 2019-03-28 12:27 | Report Abuse

Today’s signal clearer let’s push to .95 !!!

Posted by James Ng > 2019-03-28 12:56 | Report Abuse

https://klse.i3investor.com/blogs/general/200004.jsp
[转贴] [MALAYSIAN RESOURCES CORP BHD：1060 Carnegie在澳大利亚墨尔本的购买率为79％，而Sentral Suites的1号和3号楼的合计购买率为74％] - James的股票投资James Share Investing

Posted by sarahdeaton > 2019-03-28 13:17 | Report Abuse

Okok...i buy now.

Posted by lionadak > 2019-03-28 14:56 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6108161
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR WINDING-UP PETITION ON MRCB BUILDERS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MALAYSIAN RESOURCES CORPORATION BERHAD

Will this news bring down share price ?