Malaysia: Malacca Terminates $10.5B China-Backed Harbor Project

By Hadi Azmi

The Malaysian state of Malacca has terminated a $10.5 billion Chinese-supported harbor development project because the developer had failed to complete the job on time, a statement from the chief minister’s office said.

The Malaysian company, KAJ Development Sdn. Bhd., which was backed by state-owned...