Saturday, January 24, 2009

Confused?

There's so much conflicting news coming out with regards to the economy...who wouldn't be confused??

First they say Malaysia will NOT go into recession...but there are now TWO stimulus packages, and Bank Negara has cut the OPR to 2.5%! There's also a nugget regarding Khazanah's plan to invest RM 58b (here!) over a three year period... On the flipside Intel is closing down two plants in Penang, and probably more MNCs to go down the same path?

Then again our RM 7b first stimulus package pales way in comparison to Singapore's SGD 20b package...so what does that say about Malaysian policy makers?

Let's us draw our own conclusions...

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