what it all means

Shares plummet on recession fears

"The pound fell to $1.52 at one point, the lowest level in six years, on expectations of further UK rate cuts.

The UK economy shrank for the first time in 16 years between July and September, confirming that Britain is on the brink of recession."


Euro and UK sterling against Malaysian Ringgit:
1.00 EUR = 4.52377 MYR
(1 MYR = 0.221055 EUR)
1.00 GBP = 5.59230 MYR
(1 MYR = 0.178817 GBP)

Australian dollar against the Ringgit
1.00 AUD = 2.20986 MYR
(1 MYR = 0.452517 AUD)

Live rates at 2008.10.24 13:00:35

(Exchange rate for Euro in Sept was 5.019)

2009 is shaping out to be bleak but trust the economy to get better and stronger than ever before. America is paying the price for years of excessive deregulations and unfettered markets, but the US dollar doesn't seem to be hurting as much as the UK Sterling. It probably still holds stronger value following its position in international trades.


The price of oil per barrel is expected to go down in the coming months as the global financial crisis continues. This is no way solves Malaysia's inflation, traders won't be quick to lower the prices on goods, not in the same way that they raised it anyway.

The 78 cents hike up in fuel price (40% increase) was too drastic a change, too big a difference. People started charging more for everything, from basic household goods to normal meals in restaurants.

Now the PM claims to be saddened by the fact that people aren't reducing their prices to mirror the lowered petrol price. Their excuse being that the decrease in fuel charge was too small, 15 cents, and later 10 cents. It doesn't seem like a substantial enough amount to warrant a price decrease in anything.

Ergo, try lowering petrol price by 78 cents then maybe we'll think about it. But who's idea was it to apply such a drastic increase on it in the first place? Shouldn't the price hike been done gradually to minimize the impact?

Oh right, its this current government.

UMNO Elections is postponed to March '09 because...what was it again? I heard it the first time but it didn't quite make any sense. Supposedly for smooth transition and to work on, in the very little time they have left, whatever goals and visions set out 4 or so years ago that have yet to be accomplished.

So 4 years and nothing to show for it, but give it another 5 months and every promise would have been kept, every vision attained.

Sorry, my mistake, that makes plenty of sense.