The Sand Bunker

Just another Blog by anDru

Archive for the category “Business”

Caught in the Rat Race again?

Are we got caught in the rat race again. We just running around in circles and the faster we run the faster we get tired and finding ourselves getting nowhere. Everyone of us has a dream. It maybe freedom of time or unlimited resources to travel the world. But most of us are chasing our dreams using the same old method and now we are stuck in the rat race again.

We are in the month of March and situations are not getting any better in the US or any where in the world. The Dow Jones dropped to a 10 year low and we cannot dismiss the possibility that it may even break the 5000 level. Business are tough and jobs are very hard to secure. Everyday we hear people talking about retrenchments and salary cuts and this is happening around us, our friends and relatives.

What should we do during this time and what we need to prepare ourselves for the worse or when things are getting better. I say there are plenty that we can do. There are plenty that we can make use of during this crisis period. Crisis can be an opportunity for us. It can be like the world after a war and need to be built again. Let us think what we can do during the recovery which will happen not too long from now.

Funniest Politicians

We in Malaysian has been entertained by a series of clowns we called them politicians with their stupid acts recently. The are those who perform frog jumping, photo black mailing, endless by elections (who knows how many more we going to see till year end) and many more. Simply for what, for power and personal gain thats all, for the people no. Money wasted on so many be elections is enough to trained retrenched workers and help the hardcore poor in the country. Just how much is the battle cry of helping the people is true. 

As a today there are about 200 millions people lost their job recently due to the recession and many more to come. We will not be spare either. Recession is something global and the effect is felt everywhere. Everyday when we wake up in the morning we are greeted with the feeling of fear that we can still keep our job for the day. I know this is not a good thing to think that way. But it is the reality that something is really beyond our control.

However there is something that we can take control of, that is boost up the economy. That is what the government and so called politician should be doing now. The 8 o’clock news talk about nothing but new of party hopping and scandals. Why aren’t there news on bank policies, the country plan if any for economic stimulus. Many people will not understand about recession and how they can contribute to it. Maybe there isn’t any move at all by the leaders and still living in dreams that we are safe from the crisis. Come on people wake up. There is work to be done

The jobless figure in Malaysia

We are already in the first week after the Chinese New Year and it was forecasted that more workers will lose their job as companies downsizing their operation or closing their business. Many multi national companies in Penang and Kl already made announcement that they are going to to make some restructuring in operation and thus laying off some workers cannot be avoided. 

Looks like this laying off workers thing is just starting to take off and some people forecast the whole process could to go even worse. Even Japanese giants like Sony and Panasonic are also badly affected and also force to cut down on their labor in order to cut cost.

It is reported that some 100,000 Malaysian will become jobless this year and the number could become more if the current situation is not getting any better. What do we do now? Once one lost a job how soon can they get to employment again. How long will they be without job? What about their family and their other commitment.

Things are not any better in developed countries like the US or Japan than here back at home. Now is the time to look forward and to find other opportunities during this hard time. Indeed there are plenty of things that we can do and not just rely on employment only. During in any crisis there is opportunity for some and many people see more negative thoughts in it.

 

Finally the oil price came down to the level we can afford

Today the government announced that the petrol price at the pump will be down by another 10 sen tomorrow to RM1.80 per liter to a level where we find it quite reasonable. It is sure a good saving and for me whose consumption is about 35 liters a week, I just need to spend about RM65 compared to RM100 some 3 months ago. That is a saving of RM150 a month. That is a lot of saving which we can use to buy something more useful.

I expect the price will sustain for some few months from now and I also not expecting it to go up either. The global oil price is hovering around USD45-USD48 per barrel and it should maintain its stability at this level. Nevertheless consumers always welcome any move to decrease the energy price.

The next move is the collectively decrease the food prices which was highly increased when the global oil price hit historical high few months ago with the excuse that transport and other cost also went up to fuel price up. We need not to merely concentrate on food centers or shops to check on prices. To make it more effective we need to ask the manufacturer to lower down their price. Manufacturer need to lower theirs first before the shop can lower.

Too bad my car fuel tank is just half full as I just pumped a full tank last Friday. With the saving I have I can use some for Christmas.

Lehman Bankrupt

The business world received a shocking news today when Lehman Brothers, a top investment banking powerhouse has filed for a bankruptcy. The 158-year-old New York-based company has more than 24,000 employees worldwide – between 10,000 and 12,000 of them in the city – facing the specter of unemployment.

Former Federal Reserve chief Alan Greenspan described the financial hurricane that has swept away Lehman, Merrill Lynch, Freddie Mac, Fannie Mae and Bear Stearns as “a once-in-a-century event” that can still take down other firms. Mayor Bloomberg put off a trip to San Francisco to help deal with the crisis, since New York City collects a disproportionate share of its revenues from the financial sector.

Lehman’s collapse was expected to send shock waves through Wall Street today, with futures trading late last night indicating a likely drop in the Dow Jones Industrial Average of around 300 points. Stock markets in Japan, Korea, Hong Kong and China are closed for holidays today. A key index in Australia slumped only 1.5 percent last night, giving traders hope that the sell-off may not be so dire

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