Malaysia on brink of recession
Malaysia stands on the brink of recession as falling demand hits exports and manufacturing with growth expected to reach just 0.5 percent for the year, an independent think tank said today. "We forecast the economic growth for the first half of the year will be negative which will put us in a technical recession but show positive...
Ridiculous to allow more unsecured personal loans when credit card debts and delinquencies are ballooning
Written by Ng E-Jay 04 March 2009 In this harsh economic environment where jobs losses are mounting by the day, it is no surprise that unsecured liabilities such as credit card debt is ballooning and defaults are on the rise. Yet, the Monetary Authority of Singapore (MAS) and Ministry of Law have seen it fit to allow more people...
Chinese section set up, appeal for student journalists and server overload
Dear readers, We have set up a Chinese section to house translation of selected articles by our writers. We will be translating more articles in time to come. Please publicize our blog to your Chinese-educated relatives and friends. We appeal to students from NTU, NUS, SMU and all polytechnics and JCs to join us as student journalists....
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