Najib says the Malaysian economy is out of the woods and we are poised to do better this year. From what you see around you, do you agree?
A bunch of bananas in Penang is now RM1 more expensive, char koay teow and roti canai servings have shrunk, and many workers have lost out on increments over the last couple of years. Stress levels have soared as workers have to work longer hours to cover for those retrenched and not replaced. And now we have the spectre of GST looming over us.
The GDP figures did not do as badly as anticipated last year because of the pump priming and fiscal stimulus packages.
Over 113,000 projects worth RM17 billion under two stimulus packages are being pushed through. So far, the government has paid out RM14 billion of public funds for these projects.
But can such pump priming be sustained?
What about confidence in the political leadership?
What do you think?
Is the worst over for the Malaysian economy?
- No (93%, 494 Votes)
- Don't know (5%, 25 Votes)
- Yes (2%, 15 Votes)
Total Voters: 530
Days of gloom over
The painted pictures in reports
Telling all and sundry
How good Bee Anne is!
If it is true
The deposit rates so low
The returns can’t buy essentials
The people will feel the blue
If it is true
Why the talk of power hike tariff?
Every one should share the good fortunes
Yet there are some linked leakages
The people will feel the pinch
The companies will catch on it
The petrol tariff will be free
The people will suffer in pain
Days of gloom over
The painted smile of the leaders
The internal conflicts never change
The backdoor seems the edge
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Just came across this, pretty interesting.
Malaysians, a bunch of pussies!!!
Now, the heading may get your blood boiling, but who cares anyway, all is revealed meaning of course how the nation is subjugated under the realm of UMNO and yet, we will argue in our comfort in the cyber world on what is best and what is not without any action. What is exposed by those who take their own individual trouble seems to hold no water other than being a platform of the escapism that we have found in the cyber world. Sure bitch about the injustice, biasness and everything else under the sun except that we individually will never lift a finger to enhance it other than voicing our frustration in the cyber world.
If you ask me I think the fault lies in us individually because we tend to feel that we cannot make the difference, but the sad part of it is did we even try?
Maybe you tried, but how your try to make the difference should not be what is in the cyber world but real action with the less unfortunate ones who make the mass of the population. I am not there to provide a solution, nor is all those who try to educate us with what is happening to our beloved country for our obesience to accept and deal with such discrimination and oppression. What is in my opinion, is these White Knights whether it is RPK, HINDRAF, Mkini or any other had shown us the way and it is up to us individually to participate and enhance the humanity cause that have been forsaken the community for the last 53 years.
This battle is not for me and you who are in ripe age looking at retirement, but our future generation who should not fall prey and disillusioned with the concept of being Malaysian is based on ethnicity as oppose to what is humane.
Now, let me tell you why I think Malaysian are a bunch of Pussies as a pejorative term for cowardness. No disregard to women as I believe they are the master of the universe but rather to provoke you why we cannot continue to live in a false hope that opposition or the pretenders would make it better. It is not up to them to make the change that we desire, but more so with the revolt that we individually feel within ourselves for what is humane for the society that we live in and aspire.
Malaysians have done well all over the world on their own efforts not through the government or some elected representative. Yes we have done well individually but can we put aside some effort and attempts to enhance a Malaysian cause for those less unfortunate ones. This can only happen if we are not pussies for the cause. It is our own cowardness that allows UMNO to dictate the cause of Malaysians. The cowardness in an inbred for fear and the reality that we continue to foresee and accept to maintain our status quo without a tinge of thought for the less unfortunate in Malaysia.
We individually fail to do what we want because the fear that is installed, but again how did those White Knights pursue their path? Once you overcome the fear for a righteous cause, then it is not politics or your status quo but what is humane for the society per se in your own individual sense.
Who you are? what you do is not the issue, but are you doing what just and fair individually for a collective purpose to enhance the Malaysian nation is the issue? No need for rhetoric and agenda but what is humane for our fellow human beings in Malaysia and it starts when you individually in your ability to revolt against a system based on monetary gains to evolve and enhance the humanity in Malaysia for our fellow Malaysians irrespective of the origin.
R. Shan (Human Being)
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Even though the economic ‘figures’ shows that the economy is ‘imnproving’, as a lay man, I personally do not have the ‘good’ feel. In fact things are not getting better. Prices are going up…if not servings of food has reduced in size…BUT salaries and income seems to be stagnant. Some companies, providing the simple excuse that ‘the economy is no good’ are expecting workers to work overtime without claiming allowances. Increments slashed or removed.
Politicians ‘fighting’ over trivial matters. They are not finding ways to cure the economy but instead finding ways to serve their own interests.
Its time politicians start working on the jobs they are paid to do. The time is NOW before its too late.
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Compared to the previous year, last year my business dropped 30%. Do you call that improvement. This … is talking nuts….
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The number of listed companies registering losses and going into PN 1, 4 & 17 are increasing and you call that out of the wood…?
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I wish Govt tell us the truth so that we can plan our expenses effectively.
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ai yo yo…
“ekonomi tahun ini tak bagus, jadi tiada bonus and kenaikan gaji”–bos saya (cina) kata
Ini alasan yang suka diberi oleh majikan. Tetapi lori kereta yang keluar masuk syarikat sepanjang tahun tidak pun berkurangan. Bos saya juga tukar kereta baru.
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Because u bottom in the well don even work ‘hard’
ofcause u would blame, but the one u acually need to blame is your same … government.
i shifted my business & money mid of 2009 oversea, business drop 25% compare previous year. my malay stuff preform (poorly) and want higher pay.
Malaysia – U are pointing talanted person out from you. … bye bye. even the internet so slow just to post my comment.
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The rich as examplified by the Umnoputras and their non-malay cronies do not have recessions.
They have the loot from our state coffers from the past 40 years to fall back on as can be seen from the Kampung Buah Pala saga where prime state land was sold at a pittance to the Umnoputras with the connivance of the previous state administration.
Eveyone else just has to bear with the pain of stagnant salaries and ever increasing prices.
The worst is over? Don’t bet on it. Once our oil wells run dry, we may have to start exporting maids.
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Dont have to be experts in economic.
The aunties in the market place can tell you that nowaday
RM100 dont buy much things,Economic makes simple.
Anyway price up or not it does not affect the filthy rich cos people are paying for them.
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I can only say Thailand, Singapore, Indonesia, Philippines are much more active in 2009! Malaysia? Well, business has dropped 50%, 2009 against 2008. Hopefully, it will pick up soon! Importers just do not know what to do and retailers are delaying payments! This does not point to a recovery in the real sense, as retail sentiments are the best way to judge whether the real economy has improved!
But prices of properties had sky rocketed! Perhaps, the Rakyat had invested too much on properties and cars, and had monthly commitments to meet, besides the repayments for credit cards, therefore they have less disposable income. Will the property market’s bubble finally burst? It will, as a matter of time. Dubai is a good example, properties during boom time today are being disposed off at 50%, even so, there are no takers! It will be good if there is such a burst, at least it will cool down the spiralling costs of properties, mainly caused by speculations of the developers themselves! Consumers must hold back to control these developers! As far as demand exceeds supply, the prices will keep on increasing and speculators will be laughing their way to the banks.
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Have you notice the 1Malaysia Ringgit today cannot take you very far now a days?
Our Malysian brothers and sisters in Sabah and Sarawak are even worst as the prices of their daily essentials is 20-30% more.
Our monetary value started on par with Brunei and Singapore – 1:1. Malaysia has better God gifted natural assets than the other two countries.
Today, the two other countries are moving forward while BeEnd government are all the time talking about moving forward but selalu masuk wrong gear, gosten gear!.
So after 50 over years of BeEnd financial management which way are we going, they still masuk gosten gear?
Looks like we have start looking for better driver!
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I’m hoping some positive developments – like Paypal allowing us to operate Ringgit accounts linked to local banks – will stir things up a bit on the e-commerce front. Now that the financial side has been made a bit easier, perhaps Pos Malaysia could do their bit to upgrade their information systems. I wrote an API for them this week (demo at spider.my) which would allow local businesses to give shipping quotations more efficiently and reliably. Besides overseas parcel tracking, this is the last big infrastructure hurdle to overcome for e-shops. I want to set that up for Pos for free (I think asking for money will complicate matters and delay improvements which are vital for anyone doing e-commerce in Malaysia). If I can reach someone in their IT department, I think it might make a big difference to local e-commerce and also help to improve Pos’ reputation with cyber-warriors.
There are many, many small changes that could be made to public infrastructure which would create massive opportunities for business in Malaysia. I don’t understand why they are so slow in coming. Perhaps doing this on a charitable basis might be stealing the bread from a rent-seeking developer’s plate, but the missing or inadequate infrastructure is stopping everyone else from earning a living!
Rather than priming the pump with cash, it wouldn’t hurt in a few cases just to allow someone with the know-how to repair the pump as an act of kindness. My point of view is that there’s a lot of business opportunities which are strangled at birth because information held by allegedly public bodies is not available or not in an adequate form for use by the public. There are lots of decent, mature software toolkits freely available – and I understand Malaysia isn’t short of Computing graduates – perhaps a few APIs to expose raw data from public agencies would allow idle hands to do some innovative work!
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hidup PR
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Worst is over ? Before one rushes off to buy Fool’s Gold, please go through a checklist, which should include among others:
1. Is there jobs growth or drop in unemployment among school leavers and graduates ?
2. Are incomes rising steadily in absolute terms?
3. Are real incomes rising or dropping?
4. Is consumer confidence rising steadily?
5. Are the banks reporting steady growth in loans?
etc. etc.
The PM very likely has a much better check-list than this, but perhaps none at all !
Non-economist, Kuching.
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Our GDP per Capita is one of the worst in comparison to other countries.
In 1985 a Mercedes 200 cost RM57,000 brand new. A fresh graduate earned about RM1000
Now, in 2010, a Mercedes E200 cost RM370,000 brand new. A fresh graduate earns about RM1500.
In 1970s, a bungalow in PJ or Bangsar cost about RM60,000. Now, its RM2 million, Bangsar about RM5 million.
But the fresh graduate in 2010 still earns more or less the same as the graduate of the past era.
The figures speak for themselves.
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I never believe BN and what their politicians say…!!!
I thought Ong Tee Keat was all right till i saw his ugliness of late in MCA… cakap tak serupa bikin… BN politicians are all like that… sigh ! sigh! sigh !
Whereas, Lim Guan Eng warned Pakatan politicians during a Chinese New Year Party that Pakatan will tolerate NO corruptions and it is a people’s striving party. Lim himself is a walking example !!!
I think the people have to really buck up now, to vote BN out otherwise very soon, our future generations will be exported to Indonesia, Vietnam, etc to work as maids and labourers !!! Be warned !!!
Happy Chap Goh Meh and especially to Yang and O, may your businesses improve leaps and bounds in this tiger year, but please dont forget to support Pakatan’s causes as I remember O said he has plenty of US $$$, ya.
All the best to both of you, my favourite readers !!!
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Thanks Kee,
Happy Cap Goh Meh to you too. No, I did not say I have plenty of USD, please correct me if I am wrong. I mean with plenty of USD we do not have to worry of not being able to migrate to another country. Just continue to make as much USD as possible, though many say it is worthless, but, the fact is the economy in US is too big to ignore, and you know, their military strength! Wanted to buy some Sing $$$ but read a report from Mathias Chang that this country’s currency is not worth what it is, but, I have a strong feeling that they will meet us at 3.3 in the not distant future.
As a matter of fact, I had not the priviledge of making RM, since two decades back, as my “majikan” is in Dubai. Anyway, very sad to see the state of our country! Really hope to fight one last fight, and fight to win, otherwise will consider moving not because we love the other countries, but because for the needs of our future generations! Do not want to see them like the Burmese and North Koreans! Really pitiful, but, really, that is the most likely scenario!
Thank you for your wishes, but, the business in Malaysia had dropped so much in 2009 compared to 2008, but, the PM said the economic downturn is over! Anyway, could not be bothered, as the turnover in Malaysia is less than 1% of our total Company’s turnover.
Cheers!
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Cars in ten of thousands and homes in millions. Who can really afford them? Who are those loaded and can afford such prices with their low earnings?
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It is meaningless to generalize Malaysia economy as good or bad. Generally we are heading to positive direction, so our PM opinion was correct.
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Gerakan K,
What do you mean to generalize our economy? Either it is good or it is bad! If it had recovered, how? Which sector is the prime mover of our economy? We heard 113,000 projects, in which sector?
You know, today, with the abuse of the MSM so obvious, it is difficult to know what is fact, and what is fiction. It is because of people like you, who makes us the laughing stock of the world.
Honestly, Gerakan K, at one time, wherever we travelled, we are proud to be known as Malaysians. Today, different la. Last time, huh, people respect you, now, no more. Because the world is so small, what happened here, the world knows better!
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This is what you call DENIAL of basic facts.
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“It is meaningless to generalize…”
“Generally we are heading to positive…”
Do you read your own comments?
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Also depends on what happens overseas. The US owes the world trillions but continues to borrow and print money. The Yanks think they can defy gravity. I’m betting they can’t. Rosy days ahead? I don’t think so.
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always have doubt when some figures are reported ok
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Today Ramunia joined the rank of PN 17. Its share prices dropped 50% from 40cent to 20 cents. It registered a loss of 50 millions. So is Compugate with a loss of 90 millions and Patimas 11 millions. So many you can name of. Yes blue chip, TM, Maybank, Air Asia, MAS etc registered an increase in profit not because of better businesses but through lower operating cost and earning from hedging. Do you call this out of the wood. Yes I am getting out of this wood (share market), because the more holding power you have, Najib economic policy will squeeze you dry..
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It is funny,nobody wrote against me for the blasphemy that was published against Malaysians. Maybe this is the problem, we know the problem but we would rather deal with it a cyber world rather than address the issues in the playground. Nobody want’s to admit but in cyberworld we are endless with our knowledge. Gosh, don’t we have a long way to go.
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Yes Najib said Malaysia is out of the wood but the people will be still in that wood. He will squeeze you dry and high until you cannot breathe. Mark my word. You can bet there will be no more subsidies and you start paying to get him out of that wood. You will be left hapless and half dead because government hospital will soon be privatized. You will be paying more for your transport and petrol because toll and petrol will increase. Your eyes will become blurred by less brighter bulb because you wanted to cut down electricity bill due to increase tariff. The stock market will continue to have more PN 1, 4, & 17 that will squeezed investors to their graves due to this idiot economic policy.He will continue to rely on corruptible to hold on to his PM that will further squeezed the coffers of the country. HOW MUCH MORE CAN I SAY. Just see how much your RM1.00 can do for you. It cannot fill your stomach with a bowl of mee. oop sorry just to make you stay alive with a packet of beehoon mee nothing more.
KICK HIM AND UMNO OUT IN THE NEXT ge….
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Yes, if you believe Najib. No, if you think he is bs-ing.
He lacks credibility. So, I’ll go with the latter.
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