Today, I just want to share about Malaysia economic crisis. As we know, this year, Malaysia have a lot of issue. So, these are some of the issues :
1. After Malaysia Airlines @ MAS terminate 6,000 employees in June this year, NAZA in Gurun Kedah also terminate their staff of 300 people last August.
2. CCM factory in Shah Alam has been closed. 200 workers lose their jobs
3. Factory Ansell and JVC also in Shah Alam also been closed. 200 and 300 workers are to lose their jobs.
4. RHB Bank will lay off 2,000 workers through the organization VES @ Voluntary Exit Scheme. They do helps remove CIMB Bank in Malaysia 1800 workers and 2200 in Indonesia
5. Maybank has been and is implementing ERS @ Early Retirement Scheme. Can not confirmed the number of workers who will be laid off
6. Kuwait Finance House will shut down all operations and their businesses in Malaysia. Negotiations are being conducted with the bank that will take over their operation Include assets and liabilities. When there is M & A: Mergers & Acquisition or buy over, some staff will be laid off
7. Today ringgit continued to fall against the USD KPD RM4.35. Ringgit is expected to continue falling until the end of the year
8. The inflation rate will continue to rise, unemployment will increase, and purchasing power will decrease, especially on year 2016 later.
9. Private Sector currently in the process of reducing staff and recruitment freezes.
10. The Government will reduce the budget to all ministries. PM Najib's yesterday gives signal university in which he urged the public to take the initiative to find their own funds and not only independent state aid
11. The political and non-economic stabilization prevents investors from outside the country to invest in Malaysia. No economic impact of emerging and established jobs failed
12. The weakness of the ringgit and rising inflation forced the government to import goods from abroad for a song more expensive and pay off debts with higher value.
13. The result is high lbh tax will be charged KPD dealers which would result in higher prices for goods and services
14. The impact will also convey to the people where the poor more than the rich had to pay more for goods and services, subsidies will also be withdrawn as has been done accuse the price of petrol and diesel. Subsidy others will also be withdrawn or reduced. Purchasing power would fall further
15. Although the economy is not favorable, house prices will rise. Bank will tighten lending conditions led to the process of buying and owning a home more difficult.
They are an indication of Malaysia was and is going through a severe economic crisis and the worst will be affected by the masses particularly on those without fixed income, low income, and simple. Coupled with the deepening political crisis, the future of the country, especially the younger generation KPD and generations to breakouts seen as dark and gloomy.
No comments:
Post a Comment