Instead of recession, i think better to look forward for what will be happening to Malaysia in the year 2019..

Dont forget about the prediction those people made before..

We can see that:-
a) Inflation is running high;
b) Unemployment is fetching up;
c) Gov Expenditure getting more;
d) And, I believe certain Gov policy were also costly to be implemented..

Better be cautious for this..

Though they keep denying about this, from those above elements, it is possible to happen..

National News

I dont think cutting the subsidies is enough, there are many things that cannot be avoided..

According to www.transparency.org, our Corruption Perceptions Index is 4.4, while Singapore is 9.3, better than us..

Country recession and our country highly debt issue, i think highly debt issue is the worse part..

If you are buying Malaysia bonds, you are facing credit risks.. During that time, your bonds are hard to sell..

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Added on September 8, 2011, 2:51 pmBravo, good quote about the statistics of 1 civil servant serving 17 people..

Well, its not that i want to say we private sectors are good, but we can really see the poor service from the gov agencies..

Last few days i made a call to follow up with a government agency, and guess what? They did not even intended to answer the phone.. Even after answer the phone, they talk fiercely..

If the government keep on rising the salary of those pension people, even declared bonus, sorry la, how long can our country stand? Imagine average all those pensioners can live a long live, then all the pensioners are creditors to the country...

This post has been edited by smartinvestor01: Sep 8 2011, 02:51 PM

I really no eye see about it..

I guess they are going to announce another increment to the civil servants..

Well, their perception..;'... who cares about the private sector employees', are making me quite fed-up..

They did not do their part to care about the private sector employees..

If this practice continues, we are heading to a more heavily debt nation, thanks to their irrational policy..

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Added on September 13, 2011, 1:02 pmWell, i cannot help to be pessimistic in this sense..

I am now in the watch for the Malaysian economy over the time, the most important time to watch is between the year 2017 to 2021..

MCA comments

Check on the link..

Also sounded like if our country do not achieve high income status in 2020, we will be like Indonesia and Vietnam..

Then, the comments by Dato Tan Seri Idris Jala then i added before also around that time, which is in 2019.

Though, the nation denied the comment, it is better to be extra careful..

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Added on September 13, 2011, 1:04 pmCredit risks are due to default problems by bond issuing companies, which are not related to Public Mutual.. Public Mutual selects the most secure companies who are issuing those bonds..

Anyway, it really depends on the business of those bond issuing companies by that time..

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Added on September 13, 2011, 1:06 pmI think international banks.. Just my opinion..

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Added on September 14, 2011, 10:23 amLets assume that a civil servant work with a basic salary of RM2500, monthly pension is RM1250..

He retires at the age of 58, lives until the age of 80 (Conservative target), the pensioner will get RM15,000 per year just by staying at home, for the 22 years, he gets RM330,000..

Oh my gosh, not yet add the bonus that they can even get without working. And i am only calculating one single staff, how about if we calculate the millions of staff going for retirement soon..



This post has been edited by smartinvestor01: Sep 14 2011, 10:23 AM

Well, i agree with you..

Singapore's economy is at least more safe.. ^^

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Added on September 14, 2011, 11:21 pmI dont think so..

You can see how the country control the inflation rate of the country..

Even the corruption index of the Singapore country is much better compared to our nation..

Check it in Transparency Index

It is somewhere in this website..

Malaysia is rated as 4.4, while Singapore is 9.3, which is slightly more cleaner than the nation.

This post has been edited by smartinvestor01: Sep 14 2011, 11:21 PM