As expected, the Malaysian economy is contracting 6.2 per cent in the first quarter from a year ago, its worst fall since the fourth quarter of 1998 at the height of the Asian financial crisis. It is the first time in eight years that the gross domestic product (GDP) has experienced a quarterly contraction which also translates to a drop of about 7 per cent from the last quarter of 2008. Bank Negara also believes that it has continued into the second quarter and governor Tan Sri Zeti Akhtar Aziz would not say if Malaysia would return to positive growth this year.
My fellow CCTV installers, in this depressing economy for those who would like to seek refuge in Joanna Wong sanctuary, check out her MTV. I had recommended this Taiwanese singer to a few CCTV installers (from 19 years old to early 40) and all of them had instantly fallen in love with her soothing and comforting voice.
Oh yes, happy Duan-Wu Festival!
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