PROTON 25 Years

I watched the Silver celebration of Proton on TV1 last night. Among the attraction is the new Proton Emas. Proton was set up on May 7, 1983. Its first Saga model rolled out on July 9th 1985.

PM Najib's speech was as spiritual as ever except for the part when Najib encouraged the consolidation of Proton and Perodua. Merging Proton and Perodua must be done accordingly. Remember General Motors was an entity made up of various brands such as Buick,Cadillac,Pontiac,Chevy etc and yet in 2009 GM has to borrow from the North American Governments and eliminated some brands i.e.Pontiac.

Anyway, I look forward to buying my first Proton because as a nobody and poor who would be a beggar if I go to Canada, the only automobile I can afford in Malaysia is either Proton or Perodua.

To the Proton team - KEEP UP THE GOOD WORK

O.P.R.

BNM Monetary Policy Committee decided to increase the OPR by 25 basis points to 2.75% on July 8th 2010

Thus the floor rate is 2.5% and ceiling rate is 3%

I would envisage the OPR increase would halt at this point taking into consideration PM Najib's advise on the impending slower 2nd quarter growth.