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Intel to close 2 Penang plants
Intel Malaysia, whose parent Intel Corp is the world’s largest chipmaker and facing its first quarterly loss in 21 years, will close two of its microchip plants on Penang island which employ more than 1,000 workers.
RAM: Budget deficit likely to surpass 5% for next two years
The country’s budget deficit is expected to surpass 5% for the next two to three years, as the government may need to pump more capital into the economy that is feared to be on the brink of recession, a chief economist said.
via TheEdge
Tags: finance, intel, penang, recession · 4 comments · Leave a response »
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budeen · January 22, 2009 @ 9:55 PM
instead of red packets, they have a different kind of gong xi fa cai surprises for more than 40,000 employee this year..
budeen´s last blog post..Obama Inauguration
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azwan · January 25, 2009 @ 12:41 AM
Budeen
Pity the one that are affected. Even at my place, those who have been budgeting with their OT instead of basic pay only are already feeling the pressure.
No more OT.
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