Friday, January 26, 2007

Malaysia's Economy Deteriorating Fast?

It looks like Malaysia's economy is deteriorating fast, regardless of what the government is saying. The latest car sales figures showed a drop in 11% in 2006 compared to 2005. And Tony in his blog shows some damning figures and argument on how fast Malaysia is being marginalized in terms of foreign direct investment.

Why are FDI dropping in Malaysia, whereas countries once slower than Malaysia have overtaken us? Is the policies under Pak Lah working? Or the administration has been too busy with internal politicking, that they forgot completely about the country economy.

Pak Lah already has the nickname Bapa Inflasi, with all the rising costs since he came into power -- from tolls, water, electricity,... you name it.

Are you prepared for the worst this year? If not, better start now!