PUTRAJAYA • Malaysian Prime Minister Mahathir Mohamad yesterday said the government has not yet officially informed Singapore of its decision on the High-Speed Rail (HSR) project.
"We have not given them full notice yet but they know what we want to do," Tun Dr Mohamad told reporters.
"When we make a decision and announce it, the market reacts negatively. The market apparently likes to be told lies about how good everything is... But if we tell them we have discovered a lot of wrongdoings, they react by running away... they stop investing," he said.
"But in fact what we are doing now is to ensure that this country is financially run properly.
"So that is why we have to be very careful about what we say," he added.
Singapore Transport Minister Khaw Boon Wan told Parliament on Monday that the Republic had sent a diplomatic note to Malaysia on June 1 "to seek immediate clarification on Malaysia's position", but it "has still not received a reply".
Public statements on the termination of the project made by Dr Mahathir and his ministers - through media interviews - "have not been followed through with any official communication to us" , he added.
Mr Khaw said Singapore has no choice but "to continue performing in accordance with the bilateral agreement, and thus continue to incur more costs".
He added that Singapore has spent more than $250 million, and is likely to expend another $40 million or so by year-end.