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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (6282)	9/9/1998 2:06:00 PM
From: Stitch	Read Replies (2) \| Respond to of 9980

Ron, I keep waiting for another shoe to drop in Malaysia. Frankly there just has not been the kinds of ordinary signs of a deep recession here that one would expect. A few months ago I thought I saw it starting to happen; some shop closures, fewer people at the mall, a couple of stories of layoffs. But since then I have not really seen extreme signs of the downturn. In fact, just the contrary. I heard that the 4,000 people layed off from Read Rite in Penang have almost all found jobs. I have also spoken with a couple of manufacturers who said orders had picked up again. Finally, I spoke with a consulting firm that assists ex-pat visa applications who said business was picking up from new , off shore originated, ventures. Then the "fit hit the shan" with the announced changes. I have heard rumors that Mahatir's agenda has been brewing for some time, though I am not even sure what it is other then to preserve the status quo. Best, Stitch