Thursday, December 30, 2010

AFF Suzuki Cup Champions - Malaysia, declared 31st December 2010 a public holiday

Bravo to the young Malaysia football team in winning the AFF Suzuki Cup.

Prime Minister Datuk Seri Najib Razak has declared 31st December 2010 a public holiday to celebrate Malaysia's winning of the AFF Suzuki Cup.
Many workers were delighted with the unexpected public holiday. I see smiley faces at the office on 30th December 2010 morning. Generally, the adhoc public holiday is most welcomed by the working class. They do not realize that such short term gain (no need to work for one day) will eventually creates negative impact to the national economy in long term.

Unfortunately, the decision will actually create massive damage to Malaysia, which is struggling to attract foreign investment as well as uplifting the competitiveness of the nation.

The public holiday is declared with short notice (approximately 24 hours). This has caused many operational plans of the corporates and SMEs gone haywire. For private sectors, the problems could be solved by paying the overtime rate. But, if the assignments or tasks that involved government agencies,  it is just too bad.

Malaysia, also known as 'Bolehland' has yet to change its attitude which is mandatory to be competence in the globalized world nowadays. 

Malaysia will still be a good place to live, but not a good place for career and investment.
The currency exchange rate between Malaysia Ringgit (MYR) and Singapore Dollar (SGD) is as below on 31st December 2010:
1 Singapore Dollar = 2.39047 Malaysian Ringgit 

Let's see what will be the rate in 31st December 2011. Figures (exchange rate) is telling truth.
Happy New Year and Good luck Malaysia!

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