As always there will be some greedy and ’sick’ minded people that will resort to unethical business practice taking advantage on this situation. What they have in mind is just to amass quick wealth without thinking the consequences and long term effect to their customers.

Unsuspecting customers will compare the price offered by these centres and usually they will choose the cheapest, but even the cheapest price offered will run to more than RM500.00 per treatment with some excluding the products cost.

These customers are spending their hard earn money or sometimes their savings to have a better facial complexion and gain more confidence in the public but these rascal entrepreneurs are cheating them without any guilt feeling.

So we have another case of unethical business in Penang and Sabah exposed by the Ministry of Health as reported in The Star today. Read it here.

Directors of the company should not only be fined but also jailed for cheating and endangering their customers health with fake products. Heavy punishment should be imposed on them to deter others from commiting the same unethical business practice.

Recently Citigroup announced to layoffs about 53,000 of its staffs based in London and New York. This figure does not include the 22,000 layoffs announced earlier this year. Massive layoffs is part of the banking giant struggles to deal with massive losses from deteriorating debt.

Meanwhile back in Malaysia a few companies has started retrenching its workers. Starting with Nikko Electronics in Penang which retrenched 1,000 of its workers in June this year followed by Stats Chippac retrenching 150 workers and the latest is Infineon which retrenched 150 workers.

The trend for manufacturing companies to retrench its workers will be worst in 2009 due to the declining demand from manufacturing sectors as recession hits the globe particularly US, Europe and Japan.

Malaysians working abroad especially in Singapore will be most affected if recession hits Singapore. Currently more than 300,000 Malaysians are working in Singapore. Their retrenchment will further increase the number of unemployed citizens. With the current figures of 50,000 unemployment among our local graduates the situation will be worst than what we can imagine.

Although some quaters in the government including the DPM himself has assured that our economy is in a better position to face the economic downturn, the real impact is yet to come. Analysts predict that when recession hit our shores the effect will be double or triple fold.

When the last recession hit us, 80,000 f our citizens were made jobless. This time the effect will be worst but it can only be seen sometime next year. Since our economy and trades are interwined with other countries which are already facing the recession, sooner or later we all have to face the brunts that will affect our daily lifes.

It’shigh time for our MPs from both the ruling party and the opposition to sit together and come out real fast with concrete action plans to mitigate the impact of this downturn or else we the rakyat will suffer the most.