Malaysia on right track to regaining Asian Tiger status

Lim: The ECRL is a project which if discontinued, meant compensation had to be paid and involved a sum of money that would reach billions of ringgit.

KUALA LUMPUR: Finance Minister Lim Guan Eng is confident that Malaysia is on the right track to strengthen the economy and fiscal status by 2021, leading the way to regaining its position as an Asian Tiger.

The government intends to reduce the current debt and liabilities of RM1.087 trillion or 80.3% of the gross domestic product (GDP) in the course of this period to 65% through the renegotiation of mega projects such as the mass rapid transit.