KUALA LUMPUR–Malaysia is haggling over the terms of a $14 billion rail deal with its Chinese partners and can reduce its ballooning national debts by $50 billion by doing away with mega projects, its prime minister said in an interview published on Saturday.
Mahathir Mohamad, the 92-year-old who triumphed over scandal-plagued Najib Razak in elections earlier this month, has made it a priority to cut the national debt and pledged to review major projects agreed by the previous government.
