Thursday, January 17, 2008

Tough Life

The only thing observed in KL is that more high-end shopping malls are popping up in the past year. Is the consumption power of Malaysians so high that luxurious market is so ample and profitable? I doubt it… probably this is driven by the illusion of bullish stock market and the election ahead.

Newspapers are reporting the inflation on almost every basic commodity, everyone is complaining the salary is barely sufficient to fulfill their needs. The fuel cost is expecting to soar, government excused themselves that the subsidy of petrol is draining national income. This would definitely trigger domino effect on everything. I reckon the government's long proposed Value Added Tax would be implemented after the election. I really hope a great rally would sparkle to overthrow this blood sucking idea.

Value of money is decreasing, and the life is getting tougher!