Category Archives: economy

AIG is rescued

Posted on 17 September 2008 by ssquah

There is a momentary sigh of relief among worried investors that the United States government has agreed to bail out American International Group Inc, the world’s largest insurer, to the tune of USD85 billion. It has emerged that U.S. Federal … Continue reading →

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Financial world in turmoil

Posted on 17 September 2008 by ssquah

The American financial market is in deep shit following Lehman Brothers’ filing for Chapter 11 bankruptcy early Monday morning. Signs were already imminent a week ago that Lehman Brothers would need a rescue plan but the carpet was finally pulled … Continue reading →

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Budget 2009 let-down for middle-class families

Posted on 31 August 2008 by ssquah

Here are excerpts from The Sunday Star (31 Aug 2008) regarding reactions from the middle-class community towards the Budget 2009 unveiled by Prime Minister Abdullah Ahmad Badawi in Parliament yesterday. Headlined as “Middle class feels let down by Budget 2009″, … Continue reading →

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SMEs urged to ready for economic challenges ahead

Posted on 28 July 2008 by ssquah

This report is extracted from The Star today (28 July 2008). Interesting reading: Small and medium enterprises (SMEs) in the country should focus on domestic demand to help the country counter slowdown in external demand, according to Penang Chief Minister … Continue reading →

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Malaysia’s 7.7 percent inflation rate

Posted on 26 July 2008 by ssquah

We’re seeing the inflation rate shooting through the roof in June 2008 due to the increased fuel prices and it’s spin-off effects. Foreign news wires have begun picking up the news and here’s how the Associated Press has reported it … Continue reading →

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