when your finance minister tell you there is no recession ...

[clfoo]

time will tell whether he is right or he is half past six or is he eating his sock now? ... some may deem this as politic but i think it's economic, at mean time let's keep the record and read what other views are so u'll not caught off guard. Afterall that's what a good neighbour r for

http://futurefastforward.com/compone...nt/article/570

http://www.btimes.com.my/Current_New...cle/index_html

http://www.btimes.com.my/Current_New...am2-2/Article/

in short, choose to believe ppl with silver spoon in mouth or ppl on the field at your peril ..

[rakyat]

Technical recession means 2 consecutive quarters of shrinking or negative GDP. Currently we are not yet experiencing recession.

But then M'sia do not have a strong domestic consumption to ride out a global slowdown and we r heavily reliant on exports. Hence we WILL feel the effect of slowdown if and when our trade partners propensity to consume M'sia made good starts to reduce. And who is our major trading partner? Good ole US of A

Take a good look at the Q4 figures as an indication

[mlkok]

GDP = Consumption + Investment + Government Spending + (Exports - Imports)

Take a guess which parameter will be tweaked so that our GDP will still show it's healthy?

[tupai]

updates: Malaysian companies (maybe > 6.5% unemployment)

Sony - shutdown 25 Dec till 6th Jan 09 in their Bangi plant
San Disk - announced layoff 450-500 employees
Flextronics - 4 days week for Month Nov and Dec.
AMD Penang - announced yesterday VSS layoff 500 employees.
Spansion - force to take leave (5 days in this quarter)
Jabil - planned shut down from Dec 24 to Jan 4, will be 6 days leave.
Agilent - planned shut down from Dec 24 to Jan 4, will be 6 days leave. Jan 09 might have another shutdown. No increment 2008 review.
Avago - no plan shutdown as no more in-house production, hiring freeze.
ASE - shut down every fortnightly on Monday starting from Nov 3.
Fairchild - planned forced 'Mass Vacation' for 9 days leave in Feb 08
INTEL - No increment 2008 review, VSS for those under perform and massive cut cost/travel 2009, no shutdown plan yet
Motorola, Penang - Still hiring + profit, suspect got government 'look after', Motorola Singapore Cellular phone plant closure.cut 800 job and now waiting for buyer.
Siltera, Kulim - Propose close down this Malaysian 1st wafer fab company, loss RM4 billion in 2008

Malaysian Government expect Singapore plant shutdown and job cuts affecting 300,000 Malaysian workers jobless...
-----unquote------------

SO, maybe the blur sotong like moi still think its hunky dory & blue skies simply bcos the gomen told me so...and also ah...got rm7billlion extras to pump into economy lah..so dont worry be happy.

Yang Banyak kerja koolie latotupai

[clfoo]

what your finance minister doesn't know about economy may be killing you.

http://www.theedgedaily.com/cms/cont...97400-20c414c3

[patrick]

updates: Malaysian companies (maybe > 6.5% unemployment)

Sony - shutdown 25 Dec till 6th Jan 09 in their Bangi plant............

....Malaysian Government expect Singapore plant shutdown and job cuts affecting 300,000 Malaysian workers jobless...
-----unquote------------

SO, maybe the blur sotong like moi still think its hunky dory & blue skies simply bcos the gomen told me so...and also ah...got rm7billlion extras to pump into economy lah..so dont worry be happy.

Yang Banyak kerja koolie latotupai

You left out the biggie...the closure of Western Digital in Sarawak...!!

[compounding]

i think its a 50/50 chance lah...

however, surely there will be contraction in the economy..

recession, soon we might technically fall into it...or just barely able avoid it..

[kuma]

Here is Saxo Bank's Capital Market '10 Outrageous Predictions For 2009'

Read it and then see how we in Malaysia fit in. What kind of an effect will we be feeling? You figure it out. Anyone care to predict?

10 Outrageous Claims 2009

Link To Saxo Bank Site

[ Note: Saxo Bank website traffic is heavy and page load can be slow. Here it is reproduced at Yahoo Finance - however note that there is a typo on item 10 which should be 'Chinese Yuan' ]

[Sentinel]

Why argue the technicality of whether we are in recession or we are not in recession? It is all based on a simple economic defination i.e. "when an economy experiences a contracting or negative growth for two consecutive quarters..."

Hey, it doesn't matter if there is a recession or not technically speaking, there are going to be 300,000 people losing jobs in Singapore half of which are going to come back to Malaysia, already 1500 casualties in Western Digital plant shutdown in Kuching, estimated 50,000 in March 2009 in Bayan Lepas Penang area, do something concrete rather than going into the press everyday looking suave and smart and keep saying 'no recession'...

Why the heck want to argue if we have official recession or not? We are going to have about 200,000 people jobless and without income braders! That is a big problem. Some of our leaders, sadly, are still having their heads in clouds and in denial, maybe they can't see it coming.... they are expecting only the left jab, they don't see the undercut coming....

[compounding]

this is what they called "economic cycle"....what to do?

even the great Americans & Japanese cant do anything...

[Kissme]

Government say the economy is alright because they want to build confidence in the market. Its all about market sentiment. Regardless of whatever policies they choose to implement, they still need to boost investor confidence or else it won't do much.

[clfoo]

Government say the economy is alright because they want to build confidence in the market. Its all about market sentiment. Regardless of whatever policies they choose to implement, they still need to boost investor confidence or else it won't do much.

ya they want to build confidence, but only by mouth no action, ppl are expose to outside news nowaday when they see the fact contrary to what the govt portray, that will make ppl more panic and lost trust in them, tell us what action they are going to take to cushion the impact that's more practical. Tell a spade as a spade, don't mislead the innocent and let them be prepare. At least on surface, Singapore have no problem telling the truth.


http://www.theedgedaily.com/cms/cont...97400-84dc64c0

Prime Minister Lee Hsien Loong warned in his New Year message on Wednesday that the global financial crisis had hit the city-state of 4.8 million people hard, and that the economic outlook was uncertain.

"We must therefore prepare for a difficult year ahead, and especially the first half of 2009. Our economy will probably contract further," he said.

[Sentinel]

this is what they called "economic cycle"....what to do?

even the great Americans & Japanese cant do anything...

Are you sure the Americans & Japanese can't do anything? What about the USD780 billion rescue package approved by the US Government? What about the dividend cheque to every qualified American citizen? What about the recent USD85 billion rescue package of some of the automakers? Don't you think these steps saved a lot of companies (especially insurance giant AIG / AIA?) and a lot of jobs?

What did our Nottingham U Economics Graduate do? First, he said there is no recession and there is nothing to be worried about. Then, he took RM5 billion from EPF and loaned it to Valuecap to keep the KLSE shares of "some companies" buoyant....

[Sentinel]

Government say the economy is alright because they want to build confidence in the market. Its all about market sentiment. Regardless of whatever policies they choose to implement, they still need to boost investor confidence or else it won't do much.

Do you think investor confidence can be achieved through misrepresentations or twisted facts?

[compounding]

Are you sure the Americans & Japanese can't do anything? What about the USD780 billion rescue package approved by the US Government? What about the dividend cheque to every qualified American citizen? What about the recent USD85 billion rescue package of some of the automakers? Don't you think these steps saved a lot of companies (especially insurance giant AIG / AIA?) and a lot of jobs?

What did our Nottingham U Economics Graduate do? First, he said there is no recession and there is nothing to be worried about. Then, he took RM5 billion from EPF and loaned it to Valuecap to keep the KLSE shares of "some companies" buoyant....

hai Sentinel... i meant even the Americans & Japanese cant do anything to stop the "economic cycles"...