Deputy Prime Minister Datuk Seri Najib Tun Razak said though the crisis was expected to have an impact on the Malaysian economy, especially next year, it would not be as bad as other countries as Malaysia has made structural changes to its economy since the Asian financial crisis 10 years ago.
The government must be prepared for any eventualities in facing the current global financial crisis. “We are monitoring the situation closely so that we can act accordingly when needed,” he said.
“we are living in a truly connected and globalised world whether we desired it or not”. “Lehman Brothers, Goldman Sachs, Merrill Lynch and AIG and many others may be some distance from our shores but the truth is when they are in trouble, many parts of the world will also be in trouble,” he said.
Najib said by the same token, Malaysia needed to watch, responds and adopts new business strategies because the global business environment was changing all the time.
The government must be prepared for any eventualities in facing the current global financial crisis. “We are monitoring the situation closely so that we can act accordingly when needed,” he said.
“we are living in a truly connected and globalised world whether we desired it or not”. “Lehman Brothers, Goldman Sachs, Merrill Lynch and AIG and many others may be some distance from our shores but the truth is when they are in trouble, many parts of the world will also be in trouble,” he said.
Najib said by the same token, Malaysia needed to watch, responds and adopts new business strategies because the global business environment was changing all the time.
3 comments:
of course the negative impact is great. what action going to take?
Everybody knew that the crisis was expected to have an impact on the Malaysian economy, so we must come out something to address the issue. We shouldn't merely monitoring the situation closely only. Otherwise it will be be too late then.
ya, agreed. They are in trouble, many parts of the world will also be in trouble. So is it our MayBank also facing the problems now?
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