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HOT NEWS
23 companies was planned to shutdown their operation in Malaysia due to resources cost by end of this month. Now, Singapore have a great opportunity to attract more investors to invest in their country. This is time for Malaysians to get ready for unpredictable situation especially for those whom working in factory or production company. Last Friday, some of companies directors had discussion regarding this issue. The inflation might be increase for this year.
The recession looks very eminent. It is really time to take pro-active steps to avoid a painful time in the next two years which is how long the recession is expected to last.
Suggestions:
1. Don't take any loans, buy homes, properties with loans, or even cash. Keep as much cash as possible. (i baru berangan to buy a house... so now what??!!)
2. Pay off as much of personal loans, private loans, as debt collection will be hastened. (ok checked...)
3. Sell any stocks you can even at lower prices. (i ada chicken stock jer!!)
4. Take money off from Trust Funds. (unit trust sama ke dgn trust funds??)
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities. (not relevant..)
6. Don't invest in new capital. (also no relevant...)
7. If you are selling homes/properties/cars, do it now, when you can get good prices, they are going to fall. (buyers takde, camne nak sell...)
8. Don't invest in new business proposals. (MLM pun business gak kan...)
9. Cancel holiday plans using credit cards. (i dont use cc anymore, cash only)
10. Don't change jobs, as companies will retrench based on 'last in first out'. (baru plan nak change job next year.. how la??!!)
Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many.
This is not a rumor. Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble. India and all those self economies will be the most protected, but not gullible. Europe may be a little stronger, but not China, another giant! Malaysia will see significant impact.
************
with all the suggestions above, are we anticipating for better or worse, with the current situation going on in our government??
PEACE!!!....
The recession looks very eminent. It is really time to take pro-active steps to avoid a painful time in the next two years which is how long the recession is expected to last.
Suggestions:
1. Don't take any loans, buy homes, properties with loans, or even cash. Keep as much cash as possible. (i baru berangan to buy a house... so now what??!!)
2. Pay off as much of personal loans, private loans, as debt collection will be hastened. (ok checked...)
3. Sell any stocks you can even at lower prices. (i ada chicken stock jer!!)
4. Take money off from Trust Funds. (unit trust sama ke dgn trust funds??)
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities. (not relevant..)
6. Don't invest in new capital. (also no relevant...)
7. If you are selling homes/properties/cars, do it now, when you can get good prices, they are going to fall. (buyers takde, camne nak sell...)
8. Don't invest in new business proposals. (MLM pun business gak kan...)
9. Cancel holiday plans using credit cards. (i dont use cc anymore, cash only)
10. Don't change jobs, as companies will retrench based on 'last in first out'. (baru plan nak change job next year.. how la??!!)
Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many.
This is not a rumor. Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble. India and all those self economies will be the most protected, but not gullible. Europe may be a little stronger, but not China, another giant! Malaysia will see significant impact.
************
with all the suggestions above, are we anticipating for better or worse, with the current situation going on in our government??
PEACE!!!....
