Malaysia "Now" In Technical Recession: -4% to -5% Growth

Posted by Kris | Thursday, May 28, 2009 | , | 9 comments »

Okey. We are "now" officially baptized as having a technical recession. Note it is not a full-blown recession but a technical one.


As I mentioned in my previous posts, the moment "Bolehland" announced that we are in a recession, the bottom is near at sight. At least, that is what i am hoping for. 




9 comments

  1. ChampDog // 4:39 PM  

    Is this considered bad? Especially in PG I see a lot of people still willing to spend. :)

  2. ChampDog // 4:41 PM  

    Is this considered bad? I still see a lot people wiling to spend in PG. :)

  3. Kris // 9:51 PM  

    Penang is Malaysia silicon valley. Thus, the spending power is considerable compared to other states excluding KL.

    But from what i know, alot of MNC are giving VSS or laying off workers in Penang due to the economic crisis.

    But somehow our KLCI can still stand on the 1,000 point line.

  4. + z e | i n g © // 1:37 PM  

    may i knw wat r u working as? -5% growth, tats bad news my god, even harder to find job, boo.

  5. Kris // 7:02 PM  

    Tze Ling,

    I am in the engineering line :P

  6. + z e | i n g © // 2:33 AM  

    semicon/oil&gas/...? whicn eng huh, haha:P

  7. Kris // 11:08 PM  

    All engineers are the same in my opinion, Tze Ling.. :P

  8. + z e | i n g © // 1:30 AM  

    Just curious anyway, nvm if u don't wish to expose. :)

  9. ChampDog // 10:05 PM  

    I just realize I double post. :) Sorry about that.

    Yes, some MNCs are giving VSS. It is not easy to get a job if you're jobless now.