1 million Malaysians could lose jobs this year

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.