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Economy

Malaysia, Singapore move a step closer to high-speed rail link

Singapore Prime Minister Lee Hsien Loong, left, and his Malaysian counterpart Najib Razak are all smiles after a signing ceremony Tuesday in Malaysia of a memorandum of understanding to build a high speed rail line linking the two countries, slated for completion in 2026.

PUTRAJAYA, Malaysia -- Singapore and Malaysia signed a broad framework on Tuesday to build a 400km high-speed rail line linking both countries' capitals. The project highlights their warmer relationship and raises expectations for positive economic impacts.

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