3 of our biggest importer countries (US, Singapore and Japan) are in recession, as a export orientated, do you think we can escape from the crisis? Malaysia has to keep its currency low against US Dollar and Sing Dollar to boost up the export, further cutting of interest is a must. We will see USD and Sing$ going strong in coming future, in order to keep our export competitive.

Looking at our car and properties sales market, we are not as bad as US, but we can feel the sharp decline recently regardless how optimitic of our government or private sectors, don’t be blinded with their optimistic forecasts. And the situation will be going worse when big layoffs happen, workers working oevrseas coming back as jobless, SME strunggling for loans and etc. The twin oil prices (crude oil and palm oil) are “free falling” from its peak since July 2008. Although it has eased the inflationary pressure (the inflation was manily caused by high oil price), the ease of inflationary pressure may not help much on economy recovery, why? It’s simple, during the period of high inflation, our (Malaysian) incomes were not raised accordingly to the inflation rate, meaning that we are still having the same income as before (assuming the currency has not fluctuated, which is not the case).

Dont forget, twin oils are Malaysia major income, with current low prices, Corporate and Government incomes will definitely be reduced. With less money in hand, any optimistic forecasts are just just baby sitting talks.

We cannot escape from this crisis, we must learn to analyze the root cause of the crisis, react carefully and being able to invent some innovative ideas to resolve all obtacles.

As Malaysian, we must wake up now, we must learn and always learn, otherwise this type of crisis will be even worse in future and keep washing away our assets and belongings.