Thursday, January 15, 2009

RECESSION

Signs of recession is imminent. Banks are restructuring their lendings, reducing credit limits and other tightening procedures to their customers.

Consumer and purchasing power is shrinking as evident in markets in Sandakan and Lahad Datu. The normal pre-celebration fanfare is missing. Even the traditional "kam" mandarin oranges is not that bountiful. The limitations are there. The atmosphere is also there, very dull.
The signs are really there. It's time to tightens up our belts, no doubt about that. The truth really hurts.

We have faced it before so we know how to tackle it but this time is more serious. So we need to double up our efforts to overcome this problem. Have fate in yourself, work doubly hard but not smart (it applies when economy is good), be prudent and save as much as possible.

Never give up and hope and you will eventually succeed. Even when you fail, never despair because that can bhe repair...........

1 comment:

Anonymous said...

Hi friend, appreciate your motivational talk over teh tarik the other day. Why not write it out in your blog for the benefit of your wide circle of friends. Start with your pep talk: when the ship reaches a bridge, the way will automatically becomes straight... Or God will always give a way...