Ti Lian Ker says enhancing local participation in the rail project will result in cost savings.
Economic Affairs Minister says 'new developments' on China-backed project have to be mutually discussed.
Leadership is about making tough decisions and standing behind them. All parties involved deserve better, says Beijing-based political commentator Tom McGregor.
QUESTION TIME | We can unambiguously reject the ECRL for three reasons.
UPDATED 5.06PM | Guan Eng says talks with China to be conducted 'away from public glare' due to 'sensitivity'.
UPDATED 2.25PM | The situation surrounding the rail project, according to the economist, was 'really bad'.
Sources claim that the contractor is not taking talk of the project's termination lightly.
UPDATED 9.54PM | 'What happened was that both are right, but the timing was wrong,' says Mahathir.
MP SPEAKS | The gov't should consider restructuring the timeline or scale, instead of cancelling the project.
UPDATED 3.19PM | The finance minister says this when asked on the government's decision on the railway project.
UPDATED 12.21PM | 'This contract will cost us more than RM100 billion. It will impoverish us.'
Quote from Chinese foreign vice-minister negates letter purportedly from the finance minister.
Lim Guan Eng adds that the Chinese Embassy has been informed of the announcement date.
Economic affairs minister's officer confirms he was present at cabinet meeting where decision to scrap ECRL was reportedly made.
The finance minister says he will act on Mahathir's instruction.
UPDATED 10.49AM | Economic affairs minister stresses that the cabinet decision on the project is final.
UPDATED 11.20AM | Quoting sources, Sin Chew Daily reports that the gov't is still discussing compensation with the contractor.
'I don't know whether it has been terminated or not,' he says when asked about the matter.
Three ministers say they are not aware of any such termination as reported by the media.
The government adviser also says Putrajaya is hoping for a speedy resolution to the project.
YOURSAY | ‘When all the cookies have been depleted, we blame the whole world except ourselves.’
QUESTION TIME | The entire project is not only unviable, but also overpriced.
Ex-PM adds cost should not be an issue given that the gov't could switch from GST to SST.