5 June, 2018

Careful while making politically-motivated allegations


To my recollection, I am confident that all necessary process procedures and laws have been complied with in the negotiation and execution of the two pipeline projects raised by Finance Minister Lim Guan Eng today.

I also note that Guan Eng had stated that all payments were made as per agreement to the China Petroleum Pipeline Bureau, a fully-owned subsidiary of one of the largest company in the world, the China state-owned China National Petroleum Corporation – not to any other parties.

The two pipeline projects which will be of much economic and energy security benefits to Malaysia were negotiated on a government-to-government basis with the People’s Republic of China.

China’s Premier Li Keqiang and I had witnessed the signing of the Memorandum of Understanding (MOU) for the pipeline projects along with other projects while in Beijing on May 14, 2017.

At the same event, China had also committed to importing goods worth US$2 trillion over the next five years from Malaysia, invest up to US$150 billion in Malaysia and offer 10,000 places for training and studies in various institutes in China.

Not forgetting the commitment by China that assisted our oil palm smallholders and contributed to their income and welfare through the purchase of more oil palm.

While I welcome open and transparent investigations into these two projects, I believe that great care such be taken when making such serious politically-motivated public allegations involving foreign state-owned companies as it may have a negative effect on foreign relations and international trade.