“Demonstrations are done out of desperation and selfishness. The majority of the people are uneasy with such action …The majority of the people are rational and want important and basic matters to be made a priority by the government.” HOME Minister Datuk Seri Hishammuddin Hussein, calling the 1 Aug 2009 anti-Internal Security Act (ISA) protest […]
economic crisis
Hungary to close embassy in M’sia
KUALA LUMPUR, 17 June 2009: Hungary has confirmed that it is closing its embassy in Malaysia. Its deputy head of mission here, Robert Papp, told Bernama in a telephone interview today that Hungary’s Foreign Ministry had informed Wisma Putra about the decision. Located in Menara Tan & Tan on Jalan Tun Razak here, the embassy […]
Don’t be fooled by GDP numbers
By M ShanmugamNUMBERS, they say don’t lie. But at the same time, they do not paint the true picture as far as economic growth is concerned. Malaysia’s gross domestic product (GDP) barely stayed above water – registering a growth of 0.1% in the fourth quarter of 2008. Although technically we are not seeing a negative growth for […]
Bleak times ahead
By Deborah Loh(© Tim Reeve / scx.hu) YES, we are staring at the gathering clouds of an economic crisis. Sure, economic fundamentals are strong, as government ministers keep saying, but that’s only half the picture. The other half is the financial scenario, as economic and financial principles are two different things. The sub-prime crisis that began in […]
