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Malaysia in transition

Malaysia to send envoy to China to renegotiate contracts

Kuala Lumpur deemed project terms unfavorable and may seek to cancel some

Malaysia's Finance Minister Lim Guan Eng
Minister of Finance Lim Guan Eng will negotiate with Beijing over infrastructure projects deemed to have unfavorable terms for Malaysia.    © Reuters

KUALA LUMPUR -- Malaysian Prime Minister Mahathir Mohamad said Wednesday the country's finance minister will head to Beijing to renegotiate infrastructure contracts with the possibility of terminating some of them, following the discovery of unfavorable terms committed to by the previous government.

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