Global Economics Slumps!

Since middle of the year of 2008, the global economics slumped tremendously.Without any conscious, our KLCI now just left about 877.xx + not even 900.xx+. Crude oil price hiked up drastically past few months until a high rate of RM 2.70 /litre. Consequently, inflation happened. The price for almost everything rose up. But, unfortunately, the salary of the workers did not increase. The day before yesterday, whilst I was in the car all the way back to Malacca from KL, I heard a news reported by the DJ of Litefm, saying that there is a big company which had sacked about 200,000 workers from the company and they are now jobless.After the terrible rose of fuel price,everything seem to be more expensive even though it is not related to crude oil. 

Later on, TNB added another burden for all Malaysians by increasing the rate of electricity per unit. I don't think that the generation of electricity requires any petrol / natural gas.Malaysia's rivers run free and at high speed everyday.According to our Geografi textbook PMR approved by the Ministry of Education, the book stated that there are a lot of hydroelectric generators in Peninsular Malaysia as so as Sarawak and Sabah.For example, Empangan Sultan Abu Bakar, Empangan Temengor, Empangan Cenderoh, Empangan Tenom Pangi and so on...... .All these factors have caused many companies to increase the selling price of the products and sack unnecessary workers. Now, the crude oil price has been decreased.But, the selling price for most of the products / transportation services did not seem to be reshuffled. Malaysians are now suffering from inflation and bad economy. What we can do is to pray to the god and see what will happen next. And of course, we have to tighten our expenses that usually spent on unnecessary things. 

May god bless of you and good luck! 

1617

21/11/2008