Friday, December 26, 2014

Malaysia in 2015 & 2016

One of the worst natural disasters in modern history is the 2004 Tsunami where almost a quarter of a million people perished in the massive waves and torrents of waters that hit 5 or 6 countries including Malaysia in Penang and Kedah. As the year closes, half of the Peninsular Malaysian states are hit by floods with more than 100,000 people evacuated. Some States experience the worst floods in 60 years. Malaysia is ending the year with more bad news. The twin factors of falling oil prices and Ringgit currency plus the floods do not bode well for Malaysia as we enter 2015. It does not help when half the country is in crisis management mode but the PM was playing golf in Hawaii.
If the economic downturn expected in 2015 takes a turn for worse in 2016, we will see an interesting and probably a political earthquake in the 2016 Umno elections. We may well see a snap general election in 2016 two years before the 5-year parliamentary term is up. Christian leaders need to be extra vigilant through prayers and Jesus' command to "watch and pray" will become more urgent as we enter the 2nd half of 2015 when the Malaysian economy will face its greatest test yet.

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