SINGAPORE (Sept 10): Malaysia has canceled three China-backed pipeline projects, the Financial Times reports, citing Finance Minister Lim Guan Eng.
* Projects include two oil and gas pipelines in mainland Malaysia and the island of Borneo, which cost more than $1b apiece, and a $795m pipeline linking state of Malacca to a Petronas refinery and petrochemical plant in Johor
* All projects were suspended in July
* East Coast Rail Link has not been canceled but is being reviewed
* Lim did not disclose the cancellation fees Malaysia would incur for terminating the pipeline contracts
* NOTE: Mahathir Warns Against New ‘Colonialism’ During Visit to China