Malaysian Finance Minister Lim Guan Eng speaks at a memorandum of understanding (MoU) signing ceremony in Kuala Lumpur, Malaysia, Nov. 18, 2019. Small Medium Enterprise Development Bank Malaysia (SME Bank) announced on Monday to set aside 1 billion ringgit (240 million U.S. dollars) specially for local contractors, which are expected to take a significant part in the East Coast Rail Link (ECRL), a major infrastructure project and cooperation between Malaysia and China. The development financial institution under the Malaysia Ministry of Entrepreneur Development announced the initiative following the signing of a memorandum of understanding (MoU) with the project's owner Malaysia Rail Link (MRL) and prime ECRL contractor China Communications Construction Company Ltd. (CCCC). (Xinhua/Zhu Wei)
