People always say that when you hit rock bottom and survived, better days are ahead because the logic is, you cannot go any lower, no more bottom. I sincerely hope that is true because I am very sure many Malaysian's are wondering if they have reached rock bottom yet? With the current situation of our economy, where business is very slow and opportunity is scarce, what can a 40+ year old guy do? It is tough for him to look for jobs because he will be competing with younger, probably single and willing to work for lower wages guys out there. Then there is the other option of venturing into his own business but looking around, what businesses can he go into. Everyday we can see all type of businesses and retailers struggling to make end meets, of course we are not talking about MNCs or companies that are established(10 years or more), I am referring to those entrepreneurs that just started their businesses within this 5 years period. The matter gets even more confusing when the government keep coming with figures that tells the people the country is healthy and strong, but go around the root levels and talk to people in coffee shops or business premises, they all will give you the same "shake heard" look. Why is that when the government is saying otherwise?
My conclusion is the figures are not representing the entire spectrum of businesses and industries. There are the odd industries that are performing ultra well, so well that it's performance figures basically represents 70% to 80% of the country's total GDP figure, which gives us the impression that overall, all is well and in the pink of health. By now, if there is anyone reading this must be wondering if the 40+ year old I was referring to earlier is actually me, well no need to burst the bubble lah!
Well on the up side, just read in the Star paper that the government plans to look into people who are blacklisted because they were guarantors for friends or family relatives who defaulted on payments. This blacklisted people can no longer apply for loans or working capital from banks because of being helpful. The government feels it's unfair to fully penalized these people as all financial institutions usually prefer to go after the guarantor and not the principal borrower. How very true! This way, if the government really do amend the law to protect these unfairly blacklisted people, they can still get on with their lives for securing house or cars or business loans. Again, no need to burst the bubble lah!
