02 March, 2009

The Global Economy Crisis



Such gloom. Today, Titan at Pasir Gudang is offering VSS to around 200 employees, about 20% of their workforce. This is so near to home. Yesterday the Second Finance Minister reported that the economy downturn is here to stay, probably for 2 years, and urge the people to accept the fact.

It can be devastating for someone to lose their job especially those who are from the middle income group, supporting a family and without much savings in the bank.

In times like these, I ask the Lord. How? Then I realise the economy is correcting itself. This sequence will come, sooner or later. The banks and the government has been greedy and has not been responsible in maintaining the economy for far too long. It is correction time. It is going to be painful for so many people.

Pray.

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