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News Updates & Article sharing

Prepare for the Worst Economy in Malaysia? Why?

9/12/2015

0 Comments

 
Picture

A very good insight sharing by Mr KL Wong. I do believe we will have bad economy but this is a market for those who are prepared. Those who look into opportunity during bad time. A lot of reputable company actually is founded during bad economy. So it's good or bad its up to your preparation.

Article credited to Mr KL Wong
Referred from https://www.facebook.com/photo.php?fbid=10154185584277501&set=a.10150178488382501.363436.799677500&


Dear all kindly digest the real situation in Malaysia.
1. After Malaysian Airline @ MAS laid-off 6000 staff, NAZA at Gurun Kedah too laid-off 300 staff in August

2. CCM Fertilizer in Shah Alam closed down. 200 people lost their jobs

3. Ansell and JVC in Shah Alam also closed down. 200-300 staffs lost their jobs

4. RHB Bank laid-off 2000 staffs with VES @ Voluntary Exit Scheme. That is after CIMB Bank laid-off 1800 staffs in Malaysia and 2200 in Indonesia

5. Maybank is running ERS @ Early Retirement Scheme. Not sure how many will be laid-off

6. Kuwait Finance House is shutting down their whole operation and business in Malaysia. They are negotiating with other banks to will take over their operations, including their assets and liabilities. During a M&A @ Merger & Acquisition or buy over, part of the staffs will be laid-off

7. Ringgit to USD dropped to RM4.35, It’s predicted to drop even further until end of this year

8. Inflation rate will increase, unemployment rate will go up, and buying power will reduce especially in 2016

9. In the private sector, companies are downsizing and all new hiring are put on hold

10. Government will reduce budget for all ministries. Public universities are urged to take their own initiative to raise their own funds, instead of solely depending on the government.

11. The unstable political scene is preventing foreign investors to invest in Malaysia. The economy will not grow due to that, and there will be lesser work opportunity

12. Due to the weak Ringgit value and the increasing inflation rate, government and other sectors are forced to import good with a high price and paying the debts with higher rates

13. This will cause price of goods and services to increase at an alarming rate.

14. House price will increase, banks will be stricter on loans, causing difficulties in owning a property

15. PLUS is increasing the number of automated counter. Seems like some of the staffs will be asked to have a long rest.

These are signs that Malaysia will face a very bad economy crisis soon. This will highly affect all that are in middle class and below. Hope for the best and prepare for the worst"

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  • Home
  • New Property Launch
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Kiara East Suite Dex
    • Best Property Investment Projects in 2018
    • Avara Seputeh (Mid Valley)
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • Project Announcement Registration. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • Existing & Past Project
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Sfera Residence @ Puchong South
    • Other Professional Services