PETALING JAYA: Two economists have backed Prime Minister Dr Mahathir Mohamad’s call to cancel the Kuala Lumpur-Singapore High-Speed Rail (HSR) project in a bid to reduce the government’s debts.
Political economist Hoo Ke Ping said Malaysia should not undertake the project if it would have difficulty paying for it.
He said the pros and cons of the project had not been made public and properly debated before being approved by the previous government under Najib Razak.
He added that Mahathir was doing the right thing as Malaysia could not afford to incur more debts which could potentially become “time bombs” for the country.
