Stock nosedive

The Dow Jones stock market nosedive yesterday, lost another 450 points, which estimated at US$700 billion in inveestment vanished.

Investors are worry that the financial crisis is spinning so far out of control.

American Federal Reserve has stepped in with an emergency loan to keep American International Group Inc, one of the world's largest insurers, from going under.

Market has predicted that the well-known investment house, Lehman Brothers, would be forced to file for bankruptcy.

Who will be the next to falter?

For sure, the impacts to the global economy would be tremendous and unstoppable.

Economic Freedom

In 2008, Malaysia's economy is 64.5 percent free, which makes it the world's 51st freest economy.

Its overall score is essentially unchanged from last year, reflecting worsened scores in three of the 10 economic freedoms.

Malaysia is ranked 8th freest out of 30 countries in the Asia–Pacific region, and its overall score is higher than the regional average.

Further info: www.heritage.org

Public transport system

Malaysian government promises to provide a more efficient public transport system under its national Budget 2009. New incentives, allocations and assistance will be delivered to help the public transport industry. It is hoped that this measure will be able to encourage citizen to utilise public transport, and at the same time to cut down the consumption of petrol.

This is not the first time such suggestion being announced. But, until today the citizen still prefer to use their own vehicle due to inefficiency in public transport system. So, act fast and let's see the outcome. People is paying more and more for the miles and it is really painful.

Fuel subsidy rebates in 3 minutes?

Pos Malaysia is expected to process the fuel subsidy rebates' application in 3 minutes, this is faster than buying a stamp, or get your bills paid at the counter. A very promising statement, but let's see the performance. If they manage to get it done by 3 minutes, it should be nominated "The Most Efficient" government agency in Malaysia.

The outcome will be known very soon...Malaysian is watching.