Global Markets

New Malaysian president to discuss country’s loans with China

Malaysian President Mahathir Mohamad is set to visit China to discuss the terms of loans for big projects that former president Najib Razak signed with Chinese companies
By Staff reporter 9 July 2018 0 31656

Malaysian Prime Minister Mahathir Mohamad is set to visit China to discuss the terms of loans for big projects that former president Najib Razak signed with Chinese companies, according to Thailand’s The Nation.

The projects include a railway and two gas pipelines that are worth $22 billion. Mahathir will be looking to reduce the interest payments on the loans and to change other conditions.