Malaysia heading into trouble - coming shock is like no other.

[Prediction from newskini]

9th Malaysia Plan & Corridors in trouble

Deputy Prime Minister Datuk Seri Najib Tun Razak said today that the
government has not made a decision to shelve the country’s space
programme though no funds are available for the second mission at the moment.

He said the government had other options including continuing with the space training now and proceed with the second mission later if the programme was facing financial constraint.

Najib said he liked Malaysia’s second astronaut Mej Dr Faiz Khaleed to continue with the space training.

Najib was asked to comment on news reports on the prospect of the space programme being scrapped as there was no money (Source: NAJIB: Keep space programme option open )

Science, Technology and Innovation Minister Datuk Dr Maximus Ongkili had earlier told reporters that the country’s space programme looks to be as good as grounded. There is no money for the programme.

“Under the mid-term review, I can say that there is zero money. If we want to proceed with the second phase we have to look for money,” Dr. Maximus said (read: Zero cash for second phase of Angkasawan space programme). More...







Third oil shock

THE two oil shocks of the 1970’s had a seismic impact on the world’s industrial constellation, financial markets, geopolitical alignments and competition for energy resources.

Stagflation in the US, the worst economic recession since the Great Depression, a monetary policy revaluation under the Volcker Fed, twenty per cent inflation and Treasury bill rates, stock market crashes, international banking failures and the sovereign bankruptcy of Latin America, the collapse of British trade unions and American airlines, the emergence of Saudi Arabia as the power broker of the Arab world, the Reagan-Thatcher free market ideologies can all be traced to the 1979 oil shock when Ayatollah Khomeini overthrew the Shah’s regime in Iran. We are now living in one of history’s defining moments, the third oil shock when North Sea Brent and West Texas crude trade at $110. The third oil shock will change the world as we know it, create new realities of geopolitical power and influence. Technology, politics, financial markets, climate change, exploration trends in natural gas and coal, banking systems, the war on terror, central bank monetary policies, commodities prices, business processes and strategies, even social norms will not be immune from the third oil shock. That much, at least, is certain. More...

Malaysia to delay infrastructure projects amid rising costs: PM Abdullah - News

Malaysian Prime Minister Abdullah Ahmad Badawi on Tuesday said infrastructure projects under its multi-billion-dollar five-year development plan may be delayed due to escalating costs.

2009 Budget Will Strengthen Economy, Ensure People's Prosperity, Says .. - Web7

Kerajaan tidak berhasrat batal misi angkasawan kedua - Najib - Lagiberita

Astronaut=Astronut; - The Same - Aarvidi