Another increase in interest rate!
Did you read the papers today?
Via The Star, 27 April 2006, Malaysia’s interest rate raised to 3.5%;
"PETALING JAYA: Bank Negara has raised the overnight policy rate (OPR) by 25 basis points to 3.5%. The ceiling and floor rates of the corridor for the OPR are correspondingly increased to 3.75% and 3.25% respectively." Full report here.
And via The Edge Daily, Electricity tariff hikes could devastate industry; "The Federation of Malaysian Manufacturers (FMM) believes a hike in electricity tariff rates would have a devastating effect on the manufacturing industry as it would squeeze profit margins." Full report here.
When the price of petrol increase, whose kena teruk-teruk? When inflation goes up, whose belt got tightened? When they raise the interest rate, who continues to service the loans? When electricity tariff increases, who will be at the receving end?
If only our employers are more compassionate and consider all the above factors in our annual salary adjustment .... Really, that would be wishful thinking. Didn't you just read that profit margins will be squeezed? And if you had read between the lines, so will the employees!
By the way, how many of you got an annual increment of the lucky 4.8% this year?
Via The Star, 27 April 2006, Malaysia’s interest rate raised to 3.5%;
"PETALING JAYA: Bank Negara has raised the overnight policy rate (OPR) by 25 basis points to 3.5%. The ceiling and floor rates of the corridor for the OPR are correspondingly increased to 3.75% and 3.25% respectively." Full report here.
And via The Edge Daily, Electricity tariff hikes could devastate industry; "The Federation of Malaysian Manufacturers (FMM) believes a hike in electricity tariff rates would have a devastating effect on the manufacturing industry as it would squeeze profit margins." Full report here.
When the price of petrol increase, whose kena teruk-teruk? When inflation goes up, whose belt got tightened? When they raise the interest rate, who continues to service the loans? When electricity tariff increases, who will be at the receving end?
If only our employers are more compassionate and consider all the above factors in our annual salary adjustment .... Really, that would be wishful thinking. Didn't you just read that profit margins will be squeezed? And if you had read between the lines, so will the employees!
By the way, how many of you got an annual increment of the lucky 4.8% this year?
posted by raymond at 3:00 PM
1 Comments:
Hmm.. banks are reviewing their deposit rate for a miserable 50 to 70 pts depending on tenure.. wonder that could be the reason for the “lelong” sold out of ASM last Monday..
4.7% increment.. dream on… just pray that they dun cut your salary...
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