Economic Review 4 Sept 2009

It is a relief to learn that the American economy is producing positive signs for recovery. Though it is not yet certain, positive signs is a good indicator. It is my view the impending recovery is due partly to the "cash for clunkers" program.

As noted in my previous article, the same scheme in Malaysia is called the "car scrap program" whereby anyone with old cars would be given RM5,000 discount to buy Malaysian Made Cars i.e. Proton or Perodua. The "cash for clunkers" program in the US does not limit to buying American made cars only but also other brands. If Malaysia is really serious in Proton and Perodua then the Malaysian government must allow the car scrap program for Non Malaysian made cars too. There is no room for fear as the newly launched MPV the Exora has already 20,000 in advanced bookings.

I hate staying in Malaysia BUT I am really proud of Proton and Perodua.