Where is This Heading

Where is This Heading

1. If we see the newspapers nowadays, we start to see grim news everyday. It has been bad news for the past few weeks. The problem is, it is only now that we have started to see the bad news. The news of the impending global financial meltdown has been circling around for a longer period than that.
2. Shipping industries has started to suffer due to less shipping of Malaysian exported goods or shipping in of foreign imported goods. There will be more layoff in the industry soon and unemployment numbers will begin to rise.
3. Next in line is the manufacturing sector, electrical and electronics to be precise. Electronic products has been a major Malaysian export. 30% of the Malaysian export is consist of electronic products. It is exported to the US, UK, Europe, Japan, China and etc. If the sector is in distress we can see more factories will be shut down and more people will be in an unemployed state.
4. The process will continue on and on and it will affect other sectors as well. All these jobless people due to massive layoffs will be unable to pay their loans and mortgage. Thus increasing NPL's. Banks will start to suffer and we'd better pray that all those bank can stand the stress test. With bad loans in their books and lesser lending, their income will start to deteriorate. More banks will have to restructure, cut more jobs to reduce cost of operations.
5. More commentaries later on hahaha ..............................