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 [...]
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 [...]
The repercussions of global economic downturn is taking place sooner than expected. Analysts predict that the effect will stay for the whole of 2009 and extends to mid 2009.
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 [...]
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