“For example, to buy PLUS Highway, the Government has to fork out RM30 billion. To spend this amount, it is better for us to spend it on reducing our debt burden. So, at this juncture, we have not decided yet on what we're supposed to do in relation to toll,” said Dr Mahathir.
“We have decided that local contractors [will] be given jobs, but whether they are bumiputeras or non-bumiputeras has not been decided,” Dr Mahathir said.
On prospects, the group said it acknowledges the challenging outlook, but believes products with unique value propositions, strategic locations and attractive prices will continue to generate demand and create sales.
As Malaysia's 1Q19 GDP growth exceeded expectations of international funds, Lim describes the growth as "impressive". He said the 1Q19 GDP growth could have been better, if not for production supply shocks.
“One issue that requires the government's attention is affordable housing.”
Dr Mahathir has made it clear that Malaysia is supportive of BRI as this cooperation gives equal treatment to all participating countries, regardless of the size of the country’s economy and population.
However, the prime minister has highlighted that it is the international community that must assume responsibility for keeping the seas clear and unpolluted if the Straits of Malacca is designated as international waters.
Speaking to Xi, Mahathir expressed his gratitude to the Chinese leader for making time to strengthen diplomatic ties between Malaysia and China.
The bridge comprises a passage for vehicles, walkways for pedestrials, and a closed passage for utility installations on the ground floor.
Zulkarnin said there is now only one "serious discussion" with a township developer, despite expressions of interest from other property developers.
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