Malaysia’s 1MDB woes show risks of cross-border projects

I read with concern the commentary “Is Malaysia’s 1MDB a tragedy or farce” (April 11). Recent news reports have highlighted issues with Malaysia’s governance standards.

Singapore firms have put money into Malaysia. Investments include billion-dollar projects for the Iskandar region and on the horizon is our high-speed rail link to Kuala Lumpur.

Malaysia has not had the best track record with regard to running its state-linked entities, such as Malaysia Airlines and KTM Railway.

There may be good reasons to pursue such projects, but the risks should not be ignored, and should be accounted for, especially if any taxpayer money is involved.