Survey shows 4 out of 5 nearing retirement put blame on rising inflation
KUALA LUMPUR, Oct 22 - It’s hardly a surprise, but an increasing number of Malaysians consider their retirement savings insufficient.
An independent survey has found that more than a third of people approaching retirement are less confident now than they were a year ago.
Four [...]
The Malaysian Insider
Dr M prays he is wrong, but offers bleak prognosis for economy
Leslie Lau, Consultant Editor
KUALA LUMPUR, Oct 21 —Tun Dr Mahathir Mohamad says he has a “feeling” the government is underestimating the effects on Malaysia from the fallout of the global financial crisis.
“I am glad to hear that Malaysia will be spared… [...]
Malaysia should cut spending, reassess fuel subsidy, enery policies
KUALA LUMPUR, Oct 20 - While Malaysia will likely escape a recession this year, next year is harder to call.
Although one of the stronger economies in the region, it is a major trading economy and will not be immune to the knock-on effects of a deepening global [...]
You have probably heard about it.
Effective midnight tonight, pump prices of petrol RON97 would be lowered by 15 sen to RM2.30 per litre. RON92 will be reduced by 10 sen to RM2.20 per litre, while diesel will be lowered by 20 sen to RM2.20 per litre. Image below from Malaysiakini.
Hidup susah, mati also susah. What a life!
The Straits Times, 12 Oct 2008
Credit crunch holds up funerals
LONDON - UNDERTAKERS hit by the financial crisis are refusing to carry out funerals unless they get paid in advance, The Mail on Sunday newspaper reported.
With undertakers unable to extend credit, some poor families are having to wait [...]
Singapore Straits Times, 10 October 2008
Pay attention, Malaysia
Hazlin Hassan takes stock of the Malaysian economy.
WHILE the world is reeling from what is possibly the worst global economic crisis since The Great Depression, most Malaysians have been too preoccupied with its own political drama to pay much attention to the financial meltdown.
Everyone is busy talking about [...]
The Malaysian Insider, 30 Sep 2008
More Malaysians fret over economy
KUALA LUMPUR, Sept 30 - Malaysians are increasingly worried about their economy in the light of the global financial crisis and continuing political turmoil on the domestic front.
More than half of the respondents to a survey just conducted by the independent Merdeka Centre said they were [...]
The government has cut petrol and diesel prices by 10 sen each to RM2.45 and RM2.40 per litre effective from 25 Sep 2008.
Malaysiakini, 24 Sep 2008
Inflation jumps to 27-year high
The inflation rate has jumped to a 27-year high of 8.5 percent in August, driven by the escalating cost of food and fuel, according to official data released today.
“The result was slightly higher than expected but the central Bank Negara would not raise interest rates to ensure growth,” [...]
Bloomberg: Malaysian Ringgit Will Be a ‘Washout‘, Institute Says
By David Yong
Sept. 4 (Bloomberg) — Malaysia’s ringgit, Southeast Asia’s second-worst performer in the past three months, will be “a washout” in 2008 as a growing budget deficit and policy inaction on inflation turn investors away, a think tank said.
The ringgit will probably weaken to 3.5 per [...]