Minister in the Prime Minister's Department Mustapa Mohamed today defended Malaysia's move to terminate the Kuala Lumpur-Singapore High Speed Rail (HSR) project, amid concerns raised over any long-term losses.

Taking to Facebook, the minister in charge of economic affairs maintained that cancelling the multi-billion project is the "best solution" for Malaysia as it faced financial constraints in times of the Covid-19 pandemic.

The HSR project has been suspended since May 2018 for renegotiations and it...