KUALA LUMPUR, April 11 (Bernama) -- Malaysia must be ready to face a global economic situation that is getting worse, says former Prime Minister Tun Dr Mahathir Mohamad."Malaysia will have to certainly face the effects of the world economy as it is a trading nation and its economy depends on exports. If our trading partners face economic problems, our exports will be jeopordised," he said in his speech at the entrepreneurs awards ceremony held by the Kuala Lumpur Malay Chamber of Commerce Malaysia today.
He said Malaysia can no longer claim that it will not face an impact as bad as other countries'.
"If they are poor, we will also be poor," he said, reminding participants at the event on Malaysia's dependency on other countries.
He said to face the current economic crisis, Malaysia could use the same measures that it took during the 1997 financial crisis.
At that time, all information and data were studied in detail and their changes checked everyday, and the best measure adopted to tackle them.
He also called on Malaysians not to be complacent as the country in reality had yet to fully recover from the 1997 financial crisis.
It would take a while to recover from an economic crisis, he said.
"We have yet to really recover from the 1997 crisis although it has been 10 years," he said, referring to the value of the ringgit which is currently at close to 3.60 against the US dollar compared with an exchange rate of RM2.50 before the 1997 crisis.
Malaysian Ringgit Converter
7 comments:
No more politics and hope no more pilihanraya kecil. Concentrate more on vital issues such as the worsening econony. Let's see what the govt can do!
many popuar food outlets, restaurants are doing so badly, all night long only few tables. A pure sign of depressed economic environment.
Funny enough Maggi Mee sales is on the rise.
Everyday, as retiree, i am hunting to earn few ringgit to survive.
MAHATHIR PERLU SEORANG MUSUH DALAM SATU MUSIM UNTUK KEKAL SIHAT Baca disini
walk the talk 09,
kalau musuh macam kj memang perlu diperangi habis2an.
Tun Mahathir seribu kali malah berjuta kali baik dari idol korang.
Kalau benar dia nak terus berkuasa dia tak resignla dulu, jgn jadi buta akal dan fikiran.
walk the talk ni askar upahan kj.
setakat dlm artikel tu semua tohmahan tanpa asas dan bukti.cerita fiksyen dari pihak yg kecewa.kesian.
only idiots can't recognize germs.
hanya jauhari mengenal manikam.
this kj group should focus on opposition but instead attacking tdm, what a donkey mind.
as retiree, or retrenched EPF should allow me to withdraw another 10% from my EPF during this recession period on monthly basis, equally divided. i can't wait for another 3 years. money all used up for kid's higher education.. as taxer payer , for donkey years, we can't enjoy free uni education for our kids even they score good result. many parents just keep quiet and hope private-independent twining u can provide better future. In depressed economic situation, everyone just felt restless..
any ministers can fixed parent;s restlessness?
Post a Comment