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.

one more cycle of crash? Oh yeah..... i rike it.

ayam family is investor background

bro time to enter market now? lol

ur friends dun have cronies customers la. my ex colleague working in IT line, damn meletup the sales. Coz the GLC got fresh funds already.

I refer to john123x lah. He regular in stock market forum . I only jump in read a little bit only on the stock forum. Dont dare to post. Haha.

i am running online and retail business...

one of my branch dropped 60% since feb...

one of my friend retail biz dropped 70%..

now i planning to sell my punggung already..

Stock market trader fear not whether the economy is going up or down, or going super up or super down.

Credit crunch?
Stock sell-down?

If credit crunch, then normal.
If stock sell-down, then your friend must be super rich and super high status (to have the privilege to receive such news, provided it is real news and not fake).

stock market control by buaya besar...mau cari makan pon susah.
buaya besar pandai spread rumor tau.

You sell consumer electronics mah. Competition very cutthroat. Things different if you work for GLCs.
We never seems to run out of order the whole of last year and until now, only this holy month sees a slowdown.

Ts listen to BFM lah every morning. Then u know economy is good or not.

True Story, As you can see Malaysia Ringgit is getting weaker and weaker..... USD-RM now is RM3.2+

Business usually slow during the mid year 1.
End year will rebound.
After CNY slow again.

weaker ringgit is better for business, u otak rosak ker?

If I were PM, I set it @ RM4.

world without money
damn gooding

blerk

Our export increase then. Our BoP hopefully will dapat surplus.

This post has been edited by Omega Z: Jul 3 2013, 09:45 PM

Yala.. now ringgit already weaker, but many business sales still goes down.. U know what happen la

drop back to 3.15 and now 3.18 +

baru weak 2 minggu, economy takes months to see one.

Faster set RM4 lah. Sure a lot of business unker enjoice one cos can export order a lot.

if worth of local currency goes down, things we sell become cheaper on international market

but, and this is a very important but, we are not the only seller, and there are always new sellers entering the market, and the competition is very fierce

we have a lot of problems --- and they come in multitude of fronts ---

1. price wise we can not undercut competitors from bangla or vietnam or cambodia or africa

2. technology wise we lose to china, taiwan, korea, japan, europe, america

3. our businesses don't get any sapot from the government - businesses in other countries, even businesses in singapore get a lot of help from their government

4. efficiency wise we lose to many others

5. not only our government don't sapot us, we have to face a lot of ridiculous red tape from our own government

6. our business people are split - and many of our business people are not business savvy at all --- all they do is to sux the "t1ts" of the GLCs, which in turns got their $$ from the government, which in turn, got the money from us

7. many of our business people are not brave enough - when i went to africa, i had to do it all by myself, and in africa, i met with a lot of business people from thailand, believe it or not

thanks to chinese tsunami

Ok wat ...

Government gives BR1M ...

and rakyat all rich and drive all imported cars..!!

but when iphone 6 come out got many pipu line up

Weak ringgit is because of weak economy, not that the weak ringgit will help the already-weakened economy.
Only a strong ringgit is favorable.
Ask yourself which is better, walking with a clutch or without one?
Only if you're a handicap will you need a clutch.
Similarly only an already-weakened economy will require a weak ringgit.
If the economy is already weak, it will still not serve you any way positively with weaker ringgit.
A weaker ringgit can only lessen the pain, and not there to help the economy.

If the global economy is already weak, people will still cut down on spending despite weaker ringgit.
Don't fool yourself that with weaker ringgit means your order book will fatten up.

Thanks for clarification

both japan & korea money are very small

It is because of R&D (technology), not currency.
By right you should also know this too.

well if speaking from klci pov....

i also suspect something is wrong since GE. the market has been consolidated for about 2 months

currency small does not represent that country's economy doing bad...

Someone has pointed out before that the yen is actually more valued than the ringgit. It was because of some accounting that the yen is in multiple digit.

germany also get a lot of R&D, but euro not small at all

I don't blame the wayang kulit behind both our political scene in Malaysia because they both report to the same boss which is the evil Jews org called AIPAC(AP).

BN reports to AIPAC and so does the opposition under Anwar himself. So we are merely watching a fake drama from start.

The evil fake Jews seize the administration of countries by recruiting country leaders and royalties in the world as their members under the I1luminati/Freee Masonri.
They even seized controls of your churches and religious leaders towards convincing the people.

That includes even the White House and US Federal Reserves.

it is a very effective way to fix the economy. China Yuan has been devalued for many years. Japan are actively devaluing their yen.

We have large % of foreigners working + filling on millions of job that local will not do due to too low salary. A weak RM will make foreign worker expensive and make the local one cheap. More job opportunity + higher pay also mean local will spend more on local retail shop = also drive business up.

yes...nothing seem to improve...

Ask yourself why would foreigners buy Malaysian goods?
Just because of cheap RM?
Really? I mean, really?

A currency is in demand because the country can provide what is needed by foreign demand, not because of cheap stuff unless you're talking about commodities.
Hi-tech stuff like those provided by Japan and European countries like Germany make their currencies stronger.
Euro is still strong because Germany is backing up the currency.
If German leaves the EU, the Euro will collapse into worthlessness.

You're looking from a very short-term and narrow perspective.

This post has been edited by Dorky: Jul 3 2013, 10:15 PM

citation please

what i want is fact, real fact, not conspiracy theory

google the zeitgeist movement

the worth of a nation's currency is important

however, in the case for malaysia, the worth of rm is not that important, because, no matter how cheap rm gets, or how expensive rm becomes, if malaysia does not get its act together, all of us will suffer

business people like me can move out, after all, for us, we can do business in malaysia, we can also do business in thailand or in angola

it is you guys, the salary man and the civil servants who will bear the brunt

This post has been edited by ash tray: Jul 3 2013, 10:20 PM

The Zeitgeist Movement describes itself as a sustainability advocacy group based on the belief that the "monetary-market" economy can be replaced with a system in which the Earth's resources are allocated by the scientific method.[5][vague] Members of the group believe in the elimination of money and private property.[6] Zeitgeist members say the current socioeconomic system is structurally corrupt and needs to be replaced with a system based on efficient and careful resource use through the technological potential of sustainable development.[7][8][9] The Zeitgeist group advocates renewable energy and computerized automatic systems on a global scale to provide free food and other necessities and perform most of the resource allocation. [6][9]

Wealth does not last 3 generations.
Destiny can change within 1 generation.

People still got money buy 1 million dollar house.

I also share such vision, but originally from my own insight.
Last time when I shared such vision I was labeled as some communist/socialist.

I think the Zeitgeist movement works because it sounded scientifically/technologically efficient, although the main driving force is about sharing/equality.

you are quoting cliches

try saying something that is original

wealth does last for many generations - wealth, in terms of knowledge

the jews have it

the cainis have it

the japanese have it

but there still have a disadvantage too

people tend to be lazy, and only depend a stronger and hard-worker.
and more go on

socialism does not work

capitalism is the most effective system there is - until some other new thoughts (not half baked ones) emerge

one will work when one is hungry

one will work very hard when one has an urge to go ahead

but if you feed someone without having that person to do any work, do you think that someone will want to work?

malaysia is filled with a special type of "without tongkat kenot do anything" kind of people (i do not mean the meleis, i mean the arm no pu te ras) --- they are well fed, they are well clothed, they are well sheltered, and they do not have to work hard

day in, day out, they demand more and more tongkat

This post has been edited by ash tray: Jul 3 2013, 10:35 PM

As long as you really understand my message is already good enough.
I can be 200% original if I wanted to but so what?

Yes, such vision can only work perfectly IF everyone (100% of everyone) is effective and effective or at least have the initiative to be as effective and efficient as possible PLUS with a caring heart.
Such vision/system would not work if the population remain lazy, couldn't care less, don't give a damn, parasitic, selfish, etc.
It's too bad that human nature is like this, and thus needs to have hell and chaos as forced evolution.

malaysia still a good place to do business

petrol is cheap
food is still cheap compare to other countries

rental still ok

but the only setback is the competition
too many player will make the pie split and only those strong
in financial background will survive

retail market still booming, fmcg even already up prices but still a lot of people buy, new malls still keep coming up
new condo still keep launching, bank still give away loan
so where is the bad things?
the only bad things is bad debt and bankcruptcy

maybe it will take malaysia another 5 years to see any new slowdown

every year we hear people say slowdown
but i keep seeing people owning more and more properties and changing new new car

so where is the slow down

onlY people TALK COCK ONLY

unless we see a lot of people shut down business
no more old town paparich or new mall
no more anchor tenant and so on

this is my 2 cent

Free capitalism was a evil scheme no different from running a casino.

It never works because the system is subjected to corruption and concentration of power to those who rule a country.

Why do you go to a casino and the operator has no fear of you bankrupting his place?
Same goes to the stock markets and other investment schemes.

Free capitalism promotes corruption that allows the strong and powerful to take advantages of the weak to become even richer unless everyone has an equal footing.

Shopping malls and high end restaurants still doing quite well in KL.

Gold price crashed, but GOLDsmiths sales boost up 50%.

Still a lot of people queue up to buy medium high range properties (until need to ballot)

if this vision work! we all can focus on studying or experiment some other useful stuff for human. example like how to handle a nature disaster, creating a new world, make earth more nature.

for me money is evil in human mind, i use to hate money but no choose have to earn for survive my life

1. without competition there is no motivation for ppl to innovate

2. stop thinking inside a little box --- get out of it

the pie is not a zero-sum game

it can be grown bigger

If human nature is selfish and evil, all system will be abused and corrupted. No system no matter how good will be save.
If human nature is selfless, caring and kind, no system whatsoever is needed.

anyone who been through the 1997 crash can attest to the fact that high end restaurants and shopping malls were among the first to suffer during an economic downturn

without excess money ppl won't go eat in expensive restaurants

when the money become tight, ppl will tighten their belts and will think of ways to save money

we do not know how bad this economic downturn will be, but many business people are starting to prepare, for the worst

99.9999999999% of any human's lifespan is used on doing things for oneself

when you get hungry, will you go feed someone else or will you feed yourself first ?

when you are cold, will you put more clothing on yourself or will you give the clothing to other ppl ?

if you see a leng loi, and like her, do you think of "how I can get her" or do you think of "how to get that leng loi for my best friend" ?

if you see someone taking your money, do you stop them from doing so, or do you tell them that, over there, i got even more money, please enjoy yourself, go get more ?

if your taukeh business is bad, small time SOHO traders like us in LYN are worst hit.

this is the problem

those that have been thru 1997 crisis
they will just be conservative, and save cost and wait for the crisis to arrive
we have been talking abt this from2008 till now
every year we also said be conservative and let hope that we guess right

on the other hand, there is oppoturnity lost as they didnt invest for future
the fresh people come in with innovative idea and lack of 1997 crisis influence , will do a lot better

so for me i think never think economy slow down or not

buy something that is low
sell something that is high

every economy whether crisis or non crisis there r a lot of opputunrnity

lmao good luck in life bud

a weaker currency ESPECIALLY helps weaker (ones which depend on basic goods) economies. if you export homogenous commodities, and you quote your prices in a weak ringgit, arbitrageurs will make sure that you capture that demand.

hell, even the us and china are still poking each other about currency rates. when the top two economies care for what you say is a 'crutch', then either all the economists and economic planners from china and the usa or you, someone has to change their views.

That is why there is a very beautiful Christian parable about a person being taken on a tour to hell and heaven by an angel and he was shown people in hell suffer because they are all lacking but only think of helping themselves but in heaven everyone enjoy despite equally lacking but because they think of helping each others. Simple parable and simple lesson. But nobody give a hoot to understand and reflect on it. A hamsap lou (lewd guy) will brush such thing aside and continue with his hamsap activity. An unscrupulous bizmen will brush such thing aside and continue with his unscrupulous biz cheating activity. So when you have hamsap lou continue to be hamsap, unscrupulous bizmen continue to be unscrupulous, and corrupt politician continue to be corrupt, and ultimately find no peace and everyone suffers, who is actually qualified (sin-free) to do the blame game?

not necessarily

some of my friends are very rich, and their businesses are big

big business are like big ships, not agile, very hard to be maneuvered

on the other hand, small business are small, and they are very agile, and can change course within a bat of the eyelid

it is like a nyamok and an elephant

This is not economic downturn yet.
We are currently in economic turbulence, where volatility is here and there.

Business wise, risk is always there.
Bulls make money, Bears make money, only pigs get slaughtered.

there will be opportunity cost no matter what you do

and ppl who had been through the 1997 crash are not necessarily "conservatives"

i had been through that, but i fought on, and started to diversify my business because of that crash

now i have businesses not only in malaysia, but also in africa

Hadn't you heard that DSAI was lobbying Zionist Jews prior to the elections even in the papers?

Same goes to BN. The dacing logo is a Jewish Masonry symbol. Just googlee for Tunku Abdul Rahman if he's a Free Mason.

The Jews have around 60 mason lodges in Israel. They are the masters of the elite society.

In Malaysia we don't have synagogues but we have mason lodges in major cities. This is a FACT.

If being selfish is truly valid, then it would be very easy for me.
I would kill you and then use selfishness as justification.
And if I have power, I will enforce such justification.
But of course if you're the victim, you will say I am wrong and evil.
That's obvious, because selfishness is never valid.

most of the parables stay just that, parables

they can not, and will never exist in the reality

as i said, citation needed

those stories about anwar lobbying for the zionist jews that were printed in the local media are not facts --- and those local media that printed such "fables" are themselves junk

i need facts, true, real facts, not conspiracy theories

there are a couple of batshit insane posters itt

true, very very true

sheeps and pigs always end up in the abattoir

unfortunately, 99% of the people are either sheeps, or pigs, or both

In reality, everyone is foolish and deluded.
In reality, everyone would see himself as above average.
In reality, everyone would see himself as "I am more right/better than you."
In reality, a valid solution will be provided but no one will take it and instead go for "intoxication" to intensify the problem.

selfishness is not valid, but validity has nothing to do with the reality

one can not be totally un-selfish, or one would end up dead

case in point :

on a boat there are 3 people

you

your mom

and a stranger

suddenly the boat starts sinking

and you can only save one person (other than yourself)

let us be truthful now ...

will you save your mom or that stranger ?

In reality, I will kill you or rob you blind and say I am right and I will continue doing so until I either get killed or robbed by you in return or die by natural death.
In reality, you will kill me and say you yourself is right and you will continue doing so until you either get killed or robbed by me or die by natural death.
In reality, I will say I am always right and you will also do the same.
In reality, we are both idiots.

true, i am one of them

I don't think so that there's absolutely no truth to it. Where do you think he will get his support form? Freedom fighters?

People are so blinded by the world elites and so many wars which they have planned.

The Malays have a wise saying, "A single hand can't clap noises"

AIPAC is playing puppet games with both our political parties.

By your own, you should already have the answer.
Being selfish, you will have an answer.
Being selfless, you will have another answer.
Being wise, you will have yet another answer.