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Sunday, February 28, 2010

The Local Ugly Economy Truth???

This is an interesting article that readers might wanted to get a good view at...
I'm not sure how true it will be...
... but it worth a look since my money was depreciating every time I wanted to go travel
...goods pricing were hiking, meal potion is shrinking and my salary was fucked up stagnant ...

... a short part ... here

Economists brushed aside rosy comments by Prime Minister Najib Razak that economic growth in the fourth quarter of last year had exceeded expectations, saying they were more worried about the massive amount of reverse foreign direct investments and the consequent loss of job creations.

Already, Malaysia has seen the third-biggest drop in foreign exchange reserves of any emerging market country in 2009. Scared by the global financial crisis and uncertain politics after the 2008 election, both foreign and local investors withdrew US$35 billion between Q2 2008 and Q2 2009.

“Bank Negara has been trying to hush the banks and put the blame on short-term portfolio funds,” a senior economist at a bank-backed research house told Harakahdaily on the condition of anonymity.

“But what really caused the huge pullout was reverse FDI, which are Malaysians taking out their money to invest in other countries because they view these places as offering better stability and economic returns.
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for more reading on this article please click this -  LINK


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i hate this being buried deep and away from the public ....
what do you call this ya????
geeee.... i need a Thesaurus to get this a proper name ....
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3 comments:

Jimmy T said...

Normally Liao Government Mentality!

How Jun said...

Hi. I love your blog. Nice photos and content. Will add into my collection

Alpha Ace said...

thanks How Jun ^__^

this G-Force had made me sick...
they keep prying public like an orange...

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