Malaysia Economic In Red Alert
Now global is facing credit crisis and we may not hit bottom yet base on some of the expert in share market, Malaysia also in the crisis. I'm now hear some of my friends had loss they job when they company issued VSS and some get cut salary effect next year Jan. Usually in year end, ever body is talk about bonus and increment but this year is totally another story.
I think Malaysia real situation is worst that what we had see now. All news about people loss they job had been cover up and we all would not see in news paper or news in TV. All this thing is happen around us. The situation become more serious when Malaysia government now bz talk about race issues and internal party politic issues, to safe guard thier political level.
We can see everday euro and US come out new plan to avoiding the crisis and I did not belive Malaysia can avoid from crisis by using the earier plan, planed by Dato Najib by just pump in money to ValueCap can save the day.
I think Malaysia economic is in red alert and hopefully it will end by year 2010
I think Malaysia real situation is worst that what we had see now. All news about people loss they job had been cover up and we all would not see in news paper or news in TV. All this thing is happen around us. The situation become more serious when Malaysia government now bz talk about race issues and internal party politic issues, to safe guard thier political level.
We can see everday euro and US come out new plan to avoiding the crisis and I did not belive Malaysia can avoid from crisis by using the earier plan, planed by Dato Najib by just pump in money to ValueCap can save the day.
I think Malaysia economic is in red alert and hopefully it will end by year 2010
11 comments:
A lot of small palm oil holders are in deep shit now coz when they sell their palms, minus cost equal rugi...And as you know, Malaysia economy depends on palm oil industry(up and down streams) beside oil and gas which are also in deep red now(related industries i mean. If all these money producers are in the red, things can only grew worse in coming months...
All Malaysia steel mill also in deep problem like MegaSteel, PewajaSteel, Kinsteel and AnnJoo. Their operation had stop for 2 months due to low steel price.
This financial crisis due to subprime loans gone bad which trigger serious problem with US CDS or credit default swaps among banks. The problem with US is, the failure of recognising that CDS need to be monitored via clearing house. Just like crude palm oil contracts via CPO futures. Either, US govenment is damn smart or damn stupid...NOW THIS PROBLEM HAS TURNED GLOBAL....
Yes, I do believe that the crisis will only reaches us next year or so. And, yes ... I think will be better by end of 2010. We shall see...
TEH
Msia Gov is Msia boleh. . .
Actually they only know what is important thing to do ..
so , they need to look careful about their "nasi periuk" first. .after Ok, baru have time to c what need to do . .
everything need to do,might need give them so "happy pills" first. ..
my company- Citibank ..even always say are good. ..capital are strong, cash flow is good. .. actually only the way to cool down the market, staff. .
walaueh . . retrechment is coming. . ciitbank adi start warn . . citibank malaysia want cut staff.. . & maybe the HOD / top management adi start cut pay . ..cut bonus?
hopefully no cut bonus for the sales people. . .else, i will go to c the ceo ! damm . ..xian. .
A lots of us are scared but nothing much that we can do..i hope this writing can be read by greater number of malaysian so that they would be aware that the politicians especially the government should be advising us on how to face this global crisis..They should explain the effort of injection of billion of MYR into the economy to increase liquidity/interest rate cut(if any) and the reduction of price oil would eventually help the mainstreet peoples.
On 3-Dec-2008 I just meet my old friends from AnnJoo and him told me AnnJoo manufacturing subsidiary company had stop production for more then 2 months due to low selling price on steel product.
I think next year will be bad in share market, I see some good opportunity in GOLD INVESTMENT. GOLD price had got up and now it come down abit and I think now is a good entry point into Gold.I had personally start to swift my investment from share to Gold.
Hi Durian,
In Msia, how to invest in GOLD? Via Maybank or pbbank?
Ivan
I personally choose Public Bank, here is the link for you info
http://www.pbebank.com/en/en_content/personal/rates/goldinvest.html
Durian,
Thank you for your email :D
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