Posts tagged as:

worldwide economic downturn

Local companies snapping up MNC operations for RM1

May 6, 2009

This week’s The Edge has an interesting article about how some ailing multinational corporations (MNCs) in  Malaysia are looking at disposing their operations as exit strategies due to the slow down in businesses.
Some of these MNCs include Dell, Western Digital and Flextronics. These companies have made known in recent months that they will be laying off employees [...]

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Even the sex industry needs a bailout!

January 8, 2009

I read with amusement about how the pornography industry in the US is coming out to say that even their business is affected until the extent of needing a government bailout. And the amount of bailout is not exactly a small amount, totaling some US$5 billion! That’s a lot of money to sustain this very [...]

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Why gold is falling and when it’s expected to climb again

October 23, 2008

Gold was thought to be a perfect hedge against the stock market because it moves in opposite directions. Since the market came crashing down with the downfall of investment banks, this theory held true and the price of gold shot up almost immediately as Dow Jones slipped. However, we now see both the stock market [...]

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