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More blood tonight in US markets. Europe market set to open in the red... Think last hour asia/sg market may be very rocky too.
In Today newspaper, Mukhriz (Mahathir's son) said that all Chinese and Tamil schools should be converted into one system of school where all subjects are to be taught in Bahasa Malaysia with Math & Sci in English and for the non-Malays to opt for their mother tongues. He is asking for trouble. Look at sri lanka, when they convert all schools with singhales as the main lang of instruction, the minority Tamil started to fight a civil war with them. Another reason is the Mukhriz is trying to show that he is an ultra to attract Malay votes in the coming UNMO Exco election. The UMNO top echelon always play the Malay supremacy sentiment to get voted. Look at Mahathir, Hisamuddin Onn and even Anwar in his earlier years. Mukhriz said that with one system of school, there will be unity. The other races will not buy his ideas. The two factors for unity are : 1) make sure all races are equal with no special rights for any particular race,and 2) use English as the main lang of instruction except their mother tongues. The 2nd point will obviously make Malaysia a more prosperous country.
It will be cheaper two three years down the road as global recession start eating deeper and deeper into it economy, the after effect can be felt into next year 2009 with it unresolve Thai Vs Thai political, so far the powerful Thai with power is powerless and have not make any effort to resolve with PAD or within the current staled govt, while holding the state in ransom with it utimate aim to bring down an elective govt.
itll go down into history as one of the worst the Thai will have to stomch, look like it golden period has peak some way back B4 1997 financial crisis
Good news for me as can buy cheaper. I am actually looking to buy my retirement house and hopefully some lands too there, to live after i retire. With my savings, i should be able to live quite comfy there for some years.
Why i said so as it will badly damaged Bangkokrian rich or poor alike as Bangkok seek to built up it reputation as an economy hub, so short and mid term can see Bangkokrian struggle to recover after dust have settle and that will take them many years.
teeth53 ( Date: 28-Nov-2008 23:35) Posted:
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The beginning of a strong Bangkok business nation centre has already seen it effect slip into aby....n it will take another 10 -20 years to recover if lucky, not careful by mis-managing it crisis, Bangkok is now powerless to recover in this few years given global economy prolong recession play has at least two years to recover, will have to play catch along with Saigon, Vietnam Southern gateway to Mekong n to China. KL may also see some short term advatages going their way in toursim trade
teeth53 ( Date: 28-Nov-2008 23:17) Posted:
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Thailand case is more than meets the eye, even the queen is now directly involved. so all i can say is that the show will go on and i also want to see how much the thai's really love their king?
An eye for an eye, nothing short of final showdown from PAD, solution of win, win cannot even solve Thailand current crisis..even after army step in....If ever.....the will of people's power is up against the will of a few thousand PAD followers as economy eat in deeper and deeper.....:((
Facts...http://english.aljazeera.net/news/asia-pacific/2008/11/20081128102748586724.html
Group is a loose coalition of royalists, businessmen and urban middle class -Thailand's traditional elite. PAD led protests that triggered 2006 coup against the then PM, Thaksin Shinawatra. Supporters wear yellow shirts, a colour associated with Thailand's revered king. Group accuses Thaksin supporters of pushing to turn Thailand into a republic, an allegation rejected by Thaksin. Critics say PAD's contempt for results of three democratic elections show it is neither popular nor democratic.
The University of the Thai Chamber of Commerce said if the political turmoil and airport closures go on for another month, it would cost the economy up to $6 billion.
The protesters accuse Somchai of being a front for Thaksin Shinawatra, who was removed from office as prime minister in September 2006.
Somchai has accused the protesters of holding the country at ransom.
The protesters remained defiant on Friday, vowing to "fight to the death" if police tried to disperse them.
teeth53 ( Date: 28-Nov-2008 09:46) Posted:
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Thailand - political problems..This will polarlize Thaialnd into three section...North / North East (Chiangmai), Central (Bangkok) and South (Hatyai) History will see that Thailand is into three different type of behavoirian cutural with Bangkokian behavoir like a bully, all to due self inflicted self centre, self interest by a few thousand Bangkokian on jusy one reason...Taksin, it don't work by force forcing successive election after election. it is a eltitist attititude behavoir and mindset that causing that what has happen to falling Bangkok into chaos, happen when one do not defect the others.
Obvious, it seems every body knows. Any-way thank you for the repeated news.
tanglinboy ( Date: 27-Nov-2008 20:29) Posted:
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Taiwan recession too!!
What is happening in Asia??
Thailand - political problems
India - terrorist attack
Malaysia - political uncertainity
Singapore - recession
Japan - recession