Category Archives: economy

MALAYSIA’s stock rally is “unsustainable” and investors should sell palm oil producers such as IOI Corp, Kuala Lumpur Kepong Bhd and banks including AMMB Holdings Bhd, Deutsche Bank AG said. “The market is in denial of worsening economic conditions; this … Continue reading →

Here is a story that ran in The Straits Times on 21 Dec 2008 about a lady who lost $100,000 from her retirement savings through her investment in Minibonds. The writer, Jessica Cheam, said that her mum’s voice was trembling … Continue reading →

It’s been reported in the papers today that Hong Leong Bank has been holding a nationwide roadshow since end of last month to brief their customers about the impact of the global financial crisis on their daily lives. Vigilance is … Continue reading →

It’s a grim, grim, grim outlook for the world economy as it stands right now with banks failing everywhere and governments stepping in to salvage them by lowering interest rates and pumping money into their banking system. Australia, Japan, Germany, … Continue reading →

As Singapore slips into a technical recession after registering two straight quarters of economic negative growth, Malaysian human resource minister S Subramaniam has warned Malaysians working in the island republic to be prepared should they lose their jobs. This is … Continue reading →

AFP reports that Singapore’s trade-sensitive economy has declined for a second straight quarter which means that the city-state has entered a recession for the first time in six years. Singapore’s Ministry of Trade and Industry estimated that on a seasonally … Continue reading →

Extracted from Singapore’s Business Times newspaper today (3 Oct 2008): It’s no longer a question of if but how severe, and not just “technical” in nature. The recession widely expected to have set in here may not be short and … Continue reading →

This is reported by Singapore’s Business Times. It is a cause for concern: Malaysia’s foreign direct investment (FDI) outflow surpassed inflow for the first time last year, with net outflow amounting to almost RM9 billion as local firms accelerated cross-border … Continue reading →