May 18, 2018 / 9:45 AM / 3 months ago

Malaysian govt advisory council says to review all mega projects

KUALA LUMPUR, May 18 (Reuters) - The chairman of an advisory council set up by the new Malaysian government said on Friday that all mega projects in the country would be reviewed and recommendations would be presented to the government.

“We have to review all mega projects. If it is not to our advantage, then we have to sit down and talk...,” Daim Zainuddin told reporters.

The advisory group was set up by the newly elected Prime Minister Mahathir Mohamad.

Daim also said the government expects to raise about 30 billion ringgit ($7.6 billion) from a reinstated sales and services tax (SST). The new government introduced SST after scrapping a goods and service tax (GST). ($1 = 3.9700 ringgit) (Reporting by Liz Lee; Editing by Kim Coghill)

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