Have been meeting friends these past 2 weeks, and have been getting the same indication --- Economy sudah merosok

Friends from different fields, from different companies, some whose target domestic market, others targeting export / international market, and even those who are HQ at Johor, KL, Singapore, and when we compare notes, we found out that what had been troubling us for the past few weeks, what we had been suspecting, is true

And when we compare notes, for the past few weeks alone, business has gone down from 10% to 40%, depending on company, target market, industry, location

Things had started to go down before the election, but the effect was minimal, because at that time many of us still had existing orders as buffer

And now, the election is over, things gone from bad to worse - some of my friends (almost all of them taukeh / managing directors) couldn't land any new order - and some of the factories are starting to cut back on overtime, some even are planning to cut shifts, from 3 to 2, or from 2 to 1

Dunno how long this downturn will last, and dunno how bad this time it gonna be, but this ain't a joke

We started to network for the past few weeks because we had that "feeling" that something was not right, it stayed a "feeling" until, as I said, we started to compare notes, and the picture becomes clear --- the downturn is starting to hit us, all of us

U salaryman won't feel the pinch yet, but in a month or two (or maybe in a quarter or two) you might

whole world economy like that lah

Yes, TS i back you up with your statement

me and my partner/supplier business going down too since GE

we are hoping for a rebound during raya sales

I wonder economy is so complex, and few person can know where the economy is going?

you just need to ask the businessman/ salesman from different industry and background
mostly tell me that business not doing so well

lets migrate to the moon .....

Economy strong wat, I still see UMNO kroni driving BMW

damn , this scare me a lot.

Those of us whose market is mainly outside of Malaysia do not have that luxury

Those catering for domestic market may be able to buffer themselves with the one-time-injection of raya sales, but what will happen after raya ?

Anyway, we have compared notes and some of us are starting to shift our attention to new markets or new industry, hoping to find a new niche

One thing for sure ...

Malaysia ranks #1 in Asia in domestic debt

The debt level is 183%

True. Business also slower after GE13. Now trying out new market in Cambodia. Better money as everything in USD.

now still ok, when it reli hit, u wont even have mood open these tered lulz.

For us who run businesses, it already hit

Different field different feel. Now bulan puasa already, i working for supplyer for petronas dagangan bussiness slow because they dont do receiving too much during holy month. But after election alot of pipu get their BR1M and tax refund.
But things definitely will turn for worse aftr the GST is announced in the budget.

TS, what do you mean compare notes at first place? Ayam wondering

more kes ragut too....

since last two months....


haih

You kaki stock market sure can follow inflation one, no worries la you. Haha.

I do not play stock, but according to some of my friends whose companies are listed on KLSE they are telling me that a crunch is in the making

This post has been edited by ash tray: Jul 3 2013, 09:08 PM

one of the reason economi going down> CHINA.
Today many Lan jau investment cakap untung untung, padahal, tu tipu orang.

all the money cash go into china Pocket, ada masuk takde keluar...so, mana ada duit untung??

That y, i saw many ppl still naive to get conned by those so called skin cepat kaya.

Malaysia rakyat kaya ma, that y bijan terus hisap kita lah.....

economi down, indirectly cos more jobless & more crime in third country.