S'pore-KL rail to 'integrate the 2 economies'
Economist adds that it will also boost 1MDB's asset value if it materialises
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Kuala Lumpur
THE high-speed rail (HSR) link between Kuala Lumpur and Singapore will boost economic integration between Malaysia and Singapore and, for beleaguered Prime Minister Najib Razak, could also lift the asset value of his brainchild 1MDB, the Bank of America Merrill Lynch (BoAML) has said.
Ahead of a meeting next week between Mr Najib and Singapore prime minister Lee Hsien Loong, the global bank's Asean economist Chua Hak Bin said little concrete news of the HSR project has emerged since it was mooted 41/2 years ago, but that its materialisation could lead to a "leap in economic integration", given that it will take just 90 minutes to travel between the two cities.
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