TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    jawaharlal nehru

    How Jawaharlal Nehru’s Historic Blunders Still Bleed India Today!

    Iran Declines to Back Shehbaz Sharif’s India Outreach

    Diplomatic Setback for Pakistan as Iran Declines to Back Shehbaz Sharif’s India Outreach

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    Satellite Imagery Reveals Extensive Damage to Pakistan’s Murid Airbase

    Fresh Satellite Imagery Reveals Extensive Damage to Pakistan’s Murid Airbase

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    United Nations

    India Slams Pakistan at United Nations Over Indus Waters Treaty After Pahalgam Terror Attack

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    Errol Musk, father of Elon Musk to Visit Ram Temple in June

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    jawaharlal nehru

    How Jawaharlal Nehru’s Historic Blunders Still Bleed India Today!

    Iran Declines to Back Shehbaz Sharif’s India Outreach

    Diplomatic Setback for Pakistan as Iran Declines to Back Shehbaz Sharif’s India Outreach

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    Prime Minister Modi to Chair Key NITI Aayog Meeting Amid Push for Viksit Bharat by 2047

    International Monetary Fund (IMF).

    IMF Defends $1 Billion Bailout to Pakistan Amid India’s Concerns Over Terror Funding

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    The Silent Revolution: How Quantum AI Is Rewriting Cybersecurity, Finance, and Warfare

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    India Fast-Tracks Advanced Medium Combat Aircraft

    India Fast-Tracks Advanced Medium Combat Aircraft to Counter China-Pak Threat

    Satellite Imagery Reveals Extensive Damage to Pakistan’s Murid Airbase

    Fresh Satellite Imagery Reveals Extensive Damage to Pakistan’s Murid Airbase

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    World Bank

    India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

    United Nations

    India Slams Pakistan at United Nations Over Indus Waters Treaty After Pahalgam Terror Attack

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Another setback for Chinese OBOR, Malaysia cancels two projects

Amit Agrahari by Amit Agrahari
22 August 2018
in Geopolitics
OBOR India chinese economy, bank obor malaysia china

PC: theworldweekly.com

Share on FacebookShare on X

Malaysia has canceled two major infrastructure projects which were carried out by China in the country. The projects were part of One Belt, One Road (OBOR) initiative so this is another blow to the ambitious and aggressive foreign policy of Xi Jinping.  The East Coast railway Link planned to connect the South China Sea in the east coast of the Malaysian Peninsula with strategic shipping routes in the west and was a major part of China’s infrastructure push across Asia and beyond. The other project was a natural gas pipeline in Sabah which is located on the island of Borneo. The reason behind the cancellation of the project was the debt burden due to these projects in already stressed public finances of Malaysia. “I believe China itself does not want to see Malaysia become a bankrupt country,” said Malaysian Prime Minister Mahathir Mohamad.

Mahathir bin Mohamad, who was elected President in the 2018 Malaysian general election, has taken many bold decisions such as the scrapping of single rate GST in the country. Previously he had been Prime Minister of the country from 1981 to 2003. The previous regime led by Najib Razak had been very unpopular and was accused of being corrupt and elitist. The Najib Razak government had been very soft on China and gave some major projects to Chinese companies without a fair bidding. He borrowed liberally from China and awarded projects to Chinese companies on double the price of what a domestic company would have taken to complete them. After that Chinese companies brought labor from China to work on the projects rather than utilizing local workforce. Malaysia is under 250 billion debt and freezing these two projects are expected to save money.

RelatedPosts

Terrorism Will be Met With Fire: Operation Sindoor Establishes New Indian Doctrine

China Slams U.S. ‘Golden Dome’ Missile Defense Plan, Warns of Global Arms Race

Made in China, Destroyed by India: How Operation Sindoor Crushed China-Pakistan’s War Gamble

Load More

In an interview, Mahathir said that he had evidence that domestic companies could have built East Coast Rail Link about half of the $13.4 billion (Malaysian FM said now it costs almost 20 billion) sum his predecessor agreed to pay state-owned China Communications Construction. For natural gas pipeline in Sabah, Malaysia has already paid 2 billion of 2.5 billion dollars but work on the pipeline has not started yet. “We do not want a situation where there is a new version of colonialism happening because poor countries are unable to compete with rich countries,” Mahathir said at a Monday news conference in the Great Hall of the People in Beijing. He was referring to OBOR project of China through which China aims to create new age colonialism.

The One Belt One Road (OBOR) initiative is a major part of the domestic and foreign policy agenda of Chinese President Xi Jinping. OBOR represents by far China’s most ambitious project to connect the country with Africa, Central and Southeast Asia, Europe and the Middle East through transportation infrastructure. OBOR’s two main components, the Silk Road Economic Belt and the Maritime Silk Road, comprise a multi-trillion-dollar plan spanning 68 countries, which represent 60 percent of the global population and up to 40 percent of global GDP. The OBOR’s stated goal is to develop infrastructure for poorly connected regions of the world, but the hidden agenda behind this ambitious plan is to lay the groundwork for a Sino centric global order.

China wants to economically colonize the poor countries in Central, South and Southeast Asia through this ambitious project, as it has already done in Africa. This project could be compared to the Marshall Plan which United States announced for infrastructure building in post World War II Europe. The unstated goal of the Marshall Plan was to stop countries in Europe from joining the Soviet Union and pressure them to join NATO by building ports, pipelines, roads, and railways for them. Similarly, by building ports, economic zones, railways for poor countries like Pakistan, China aims to bring them under its hegemony. Although the countries are now realizing that any project under OBOR is harmful and unviable. Sri Lanka has to give Hambantota port to China because they could not pay back loans, Malaysia does want the same to happen. The countries like Malaysia, Sri Lanka, and Pakistan borrowed from China and now their public finance is under stress and inability to pay back loans will lead changing the ownership of collaterals. Countries are now realizing this and some of them are canceling, renegotiating the projects. 

Tags: ChinaMalaysiaOBOR
Share1344TweetSend
Previous Post

3 reasons why the appointment of Tathagata Roy as the governor of Meghalaya is a masterstroke

Next Post

Indian communists’ vicious hatred towards the Indian army

Related Posts

UK
Geopolitics

UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

27 May 2025

UK: At least 50 people were injured, including four children, after a car ploughed into a massive gathering of...

World Bank
Geopolitics

India to Oppose World Bank’s $20 Billion Loan to Pakistan Over Terror Funding Fears

26 May 2025

India is gearing up to oppose a fresh round of financial assistance to Pakistan, this time from the World...

The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine
Geopolitics

The West’s Fatal Gamble: Propping Up Pakistan’s Global Jihad Machine

26 May 2025

Pakistan spreads terrorism and jihad across the world, trains terrorists, and supports violent groups. It refuses to reform and...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited