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Malaysia scraps multibillion dollar China-backed rail project

Business Jan 27, 2019

Malaysia scraps multibillion dollar China-backed rail project

A multibillion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high. Malaysia has in recent months suspended several major projects signed under the country's previous scandal-plagued regime, in a bid to ...

Business Nov 16, 2018

U.S.- China rivalry set to dominate APEC summit in Port Moresby

The leaders of Asia-Pacific nations will fly into the unlikely venue of Port Moresby on Saturday for a summit developing into a tug of war for regional influence between an assertive China and an increasingly withdrawn United States. U.S. President Donald Trump is skipping the ...