The government is slowly telling us the bad news. Yesterday, the Human Resources Ministry says 45,000 Malaysians could lose jobs over the Chinese New Year period alone! [Read here, the Dep Minister beats around the bush about people losing jobs temporarily and factories closing down business - also temporarily! - but you get the message].
The MEF says up to 400,000 Malaysians will lose their jobs by end of the year. In Singapore, another half a million Malaysians will be jobless as the republic buckles under the economic slowdown. [Read here]
If so, we are into times worse than 1985 or 1998.
Monday, January 19, 2009
1 million Malaysians could lose jobs this year
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