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Malaysia To ‘take Advantage’ Of Ecrl Deal To Sell China More Palm Oil: Mahathir Mohamad | South China Morning Post

by scmp.com posted 5months ago 194 views
Malaysia’s Prime Minister Mahathir Mohamad on Monday said China was likely to buy more palm oil from his country in exchange for his government’s decision to resume work on a Beijing-backed rail project following renegotiations that shaved off nearly a third of the cost.Mahathir said in a press conference that the price reduction of 21.5 billion ringgit (US$5.2 billion) – dropping the project’s cost from more than 65 billion ringgit to 44 billion ringgit – announced on Friday was partly made…

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