Written by Business Times (Singapore)
Published by The Malaysian Insider
October 20, 2008
Malaysia should cut spending, reassess fuel subsidy, energy policies
KUALA LUMPUR, Oct 20 – While Malaysia will likely escape a recession this year, next year is harder to call.
Although one of the stronger economies in the region, it is a major trading economy and will not be immune to the knock-on effects of a deepening global turmoil.
Following the Asian financial crisis a decade ago, the rebuilding of financial systems and stricter governance have strengthened its banking framework and put the country in a relatively stronger position to fend off the contagion effects.
At the invitation of my second cousin Datin Halimah Said, I was back in my hometown Seremban this morning for the launch of Galeri JASA Tan Sri Dato’ Dr. Mohamed Said bin Mohamed, at her family home in Gedung Lalang. It was a most welcome homecoming indeed for yours truly to meet long lost kith and kin, also for a belated Hari Raya gathering.

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