Thursday, March 27, 2008

Malaysia's Economy remain resilient

I came across today newspaper saying that BNM is projecting headline inflation to average between 2.5% and 3% this year after taking into consideration the possibility of subsidy adjustments in some controlled items.

Despite challenging external conditions marked by the downturn in the United States, Malaysia's economy is still expected to remain resilient this year because of the country's strong fundamentals, diversified export base, and low exposure of local financial institutions to the US subprime market.

Petrol price won't increase at this moment, water and electricty also won't increase at this moment. What a good news. but how can it last long? cut in subsidy will be in a gradual process.

According to Zeti, "the issues of supply contraints such as open more land for food production, enhance better techniques in production and manufacturing could be able to deal with inflation.

Improvements in distribution and warehousing could minimise wastage, reducing cost and eventually inflation. Reducing cost seems is one of the main strategy in every field even apply to every company even our personal life." She said improving efficiency required resources and, more importantly, professional expertise, adding that the Government had allocated funds for this initiative and continued to support human capital development via various training programmes.

Of course, Improving efficiency is also one of the main concern in every aspects. if every party work more efficient, more professional and more productive , then the world won't waste more money on unnecessary cost. In the meanwhile, we can avoid more problems and spend our time more meaningful and worthiness.

I think it applies to everyone's life as well. seems everyone's life is so busy but then should spend it worthiness. INflation?!! dont bother it..well plan your money and time.

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