Today I received my company year 2009 calendar. There are some changes being made compare to the previous year’s calendar. The good thing is for the 1st half of the year, all Saturdays (26days) declared as an off day, compare to previous one where it depend on holiday’s pattern, the more public holidays in a month means less off day for Saturday. It is a good change anyway, since I feel that working in Saturday is a waste of time, energy and money.
By the way, for the 2nd half of the year, there are 14 out of 26 Saturdays being made as a working day. And it is not just like that, the working hours have been extended from 8.00a.m to 5.00p.m. Currently it is from 8.00a.m to 12.05p.m.
Overall, we have 40/52 days of Saturday declared as an off day. It seems very good even though I am a bit disturbed with the decision to extend the working hours. Well, initially I think that the decision is not in favour of the employee, but I change my mind. I think it’s better now.
The changes are made in consideration of the current economic condition. Probably to cut down operating cost. Every here and there people are talking about bad economy condition. The emotions are very tense when they only can see the dark side of the future. Do you think the economy is that bad? Probably yes. The GDP has reduced from 6.7% in 2Q to 4.7% in 3Q. Some experts even predicting that the 4Q GDP will be around 3.5% or lower.
But I don’t think it will be that severe as what many people talk about it. It won’t go further into a situation of panic or cause havoc unless the US economy continues to go into deep recession. From what I read at the current economic assessment, many economists are confident that Malaysia will not fall into recession. Well, 1st Half 09 probably will be bad, but recovery will start to take place gradually in the 2nd Half 09.
Manufacturing sector especially the electronic industry will be the most vulnerable and service sector is the most resilient. Company needs to maintain a healthy cash flow during this tough time, and avoid associating in heavy debt. How about making additional investment expansion at this moment? Is it a good move? Well, It depends.
But put it this way, if you expect demand will increase in future, then you do the right thing. But if everybody think that the economy is getting worse, situation is getting harder and harder, sales expected to reduce, what is the purpose of expansion?
There is no right or wrong answer here. IT DEPENDS!!. What can you conclude if your company is going into that direction? Only two reason. One, they do not know what they are doing. Two, they are ‘confident’ that the bad situation is not going to prolonged, and through their wise judgement, expansion is required. I believe, the latter is more reasonable.
As an employee, we listen and be cautious of our surrounding, but at the same time, we must have our judgement, and do not simply believe what people telling us.
To be continued…..
P/S:
Today I received a letter from a bank saying that my loan interest rate has been revised accordingly to the recent reduction of the OPR from 3.5% to 3.25%.
Economists believe that the OPR will go down further gradually until 2.75% by next year. Probably, this is the time for us to borrow more money, and put into investments which promise good return. Or is somebody going to start a business? If yes, go borrow money while the interest rate still low. Hehe…..
By the way, for the 2nd half of the year, there are 14 out of 26 Saturdays being made as a working day. And it is not just like that, the working hours have been extended from 8.00a.m to 5.00p.m. Currently it is from 8.00a.m to 12.05p.m.
Overall, we have 40/52 days of Saturday declared as an off day. It seems very good even though I am a bit disturbed with the decision to extend the working hours. Well, initially I think that the decision is not in favour of the employee, but I change my mind. I think it’s better now.
The changes are made in consideration of the current economic condition. Probably to cut down operating cost. Every here and there people are talking about bad economy condition. The emotions are very tense when they only can see the dark side of the future. Do you think the economy is that bad? Probably yes. The GDP has reduced from 6.7% in 2Q to 4.7% in 3Q. Some experts even predicting that the 4Q GDP will be around 3.5% or lower.
But I don’t think it will be that severe as what many people talk about it. It won’t go further into a situation of panic or cause havoc unless the US economy continues to go into deep recession. From what I read at the current economic assessment, many economists are confident that Malaysia will not fall into recession. Well, 1st Half 09 probably will be bad, but recovery will start to take place gradually in the 2nd Half 09.
Manufacturing sector especially the electronic industry will be the most vulnerable and service sector is the most resilient. Company needs to maintain a healthy cash flow during this tough time, and avoid associating in heavy debt. How about making additional investment expansion at this moment? Is it a good move? Well, It depends.
But put it this way, if you expect demand will increase in future, then you do the right thing. But if everybody think that the economy is getting worse, situation is getting harder and harder, sales expected to reduce, what is the purpose of expansion?
There is no right or wrong answer here. IT DEPENDS!!. What can you conclude if your company is going into that direction? Only two reason. One, they do not know what they are doing. Two, they are ‘confident’ that the bad situation is not going to prolonged, and through their wise judgement, expansion is required. I believe, the latter is more reasonable.
As an employee, we listen and be cautious of our surrounding, but at the same time, we must have our judgement, and do not simply believe what people telling us.
To be continued…..
P/S:
Today I received a letter from a bank saying that my loan interest rate has been revised accordingly to the recent reduction of the OPR from 3.5% to 3.25%.
Economists believe that the OPR will go down further gradually until 2.75% by next year. Probably, this is the time for us to borrow more money, and put into investments which promise good return. Or is somebody going to start a business? If yes, go borrow money while the interest rate still low. Hehe…..
2 comments:
bha jum balik nanti survey2 pa ble buat..hehehe..paling laku buka kdai beer..gerenti byk urang beli..
Kalau mau buka kedai beer kan Alex, tidak payah ada business proposal bah... hehehe
Post a Comment