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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 Jan 26, 2019

N700S shinkansen to debut just before 2020 Tokyo Olympics

Central Japan Railway Co. has said that its N700S bullet train model will go into service on the Tokaido Shinkansen in early July 2020, just before the start of the Tokyo Summer Olympics and Paralympics. The railway operator plans to introduce a total of 40 ...