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PETALING JAYA (June 1): Malaysia Prime Minister Tun Dr Mahathir Mohamad said the government will respect the terms of contracts inked by the previous administration in relation to mega projects in the country. He said Malaysia will stick to the rule of law as the nation reviews these contracts.
Speaking at a press conference here today, Dr Mahathir said the government will, however, take a different action if it discovers something wrong was done in a contract.
"We will go according to agreement or contract that has been given. We will stick by that. Only when something wrong was done in the contract, will we take [a different] action.
"Local or foreign [businesses], they will be treated the same way. We will stick to the rule of law [which is] obvious and plain for everyone to see," he said.
Dr Mahathir said the government intends to be consistent in whatever it does.
He said Malaysia will remain a "very business-friendly" nation. — theedgemarkets.com
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