At last the MOF has been ‘pushed’ hard by the dwindling industries and retrenchment reports to admit that Malaysia is slowly falling into recession. It took more than two months for the MOF to publicly make this declaration.
What is holding them back for so long to admit the situation? Are they trying to manipulate [...]
I read the news with confused thinking. Is this a guarantee from Second Finance Minister? I have the feeling that the global economic downturn will give quite a big impact to our economic standing. Recession will hit us later if not sooner.
What claimed by the Second Finance Minister does not correspond with the global economic [...]
It seems recession is going to hit our shores much earlier than expected by our government. As reported by TheMalaysianInsider.com.my our trade partners US, China and other Asian countries business are slowing down much faster. Several banks already estimated that our economic growth for next year will be between 0.5 and 2.0 percent, a figure [...]
As reported by TheStar.com today some companies has alerted the Ministry of Human Resource (MoHR) that they are set to retrench their workforce early nextyear. Human Resource Secretary General Datuk Thomas George said the Ministry had been informed of significant lay-offs within next six months.
He expects the number of lay-offs to be 30,000 this time [...]
I watched the TV3 Buletin Pagi 7.30 am today. Our PM said that our economy is OK. He also quoted the First Phase of ther Iskandar Develepment Region plan is on track with 86% or RM42Bil FDI already materialised.
I feel something is not right somewhere after looking at the falling trend of Kuala Lumpur and [...]
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