Thomas, Bernie, All re: Malaysian economy
CNBC had a correspondent on the news from Kuala Lumpur tonight who quoted some interesting figures. Apparently in the last six months between 12,000 and 15,000 jobs have been lost, primarily from the property, construction, and building materials sector. But over the next several months as much as 500,000 jobs are expected to be lost, including many factory workers. While this is going on food prices have risen as much as 20% in the last six months in spite of the tight controls Malaysia exercises on staples.
Doesn't sound good. But it isn't Indonesia either.
Best,
Stitch |
