我用失望的眼神看著媽媽,媽媽卻笑著說:'這是我特意為你們辦理的'婚姻存摺',
'以後每逢值得紀念的日子,都可以存一筆錢,等到老的時候,裡面除了錢,還有無限的幸福…'。
THE International Monetary Fund said it is sticking to world economic forecasts for now, but cautioned that much higher global prices for oil and food could dampen growth.
'Despite increasing oil prices, the broad contours of the fund's assessment of the global outlook remain unchanged at this stage,' IMF spokesman David Hawley told reporters on Thursday.
'Significantly higher oil and commodity prices could have a dampening effect on growth if prices remain at elevated levels,' he added.
His comments came as crude oil rose to a record above US$135 (S$184) a barrel on Thursday and Organisation of Petroleum Exporting Countries (Opec) oil ministers said they could do nothing to lower oil prices, calling the market 'crazy'. By the end of the day United States crude settled down US$2.36 to US$130.81.
Turning to global credit markets, Mr Hawley said the ability of banks to raise capital was 'reassuring' although a protracted adjustment in financial sector balance sheets is still likely.
The Washington-based IMF has twice cut its growth forecast for the world economy this year - in January and again in April. In its last outlook in April, it warned the United States was headed for recession this year and put world growth at 3.7 per cent in 2008.
That was down from a forecast in October of growth of 4.8 per cent and a forecast in January of 4.1 per cent, as it tried to account for the world's fast-spreading credit turmoil.
Mr Hawley said the IMF would update its forecast again in July. Meanwhile, a team of IMF economists was currently in Europe assessing the euro-area economy and 'and they will be concluding their work in the next few days', he said.
Authorities in the United States and Europe accused the IMF in April of being overly pessimistic in its April outlook.
First-quarter gross domestic product growth released on Thursday for the 15 countries using the euro topped expectations in an initial estimate by the European Union's statistics office at 0.7 per cent quarter-on-quarter and 2.2 per cent annually.
Mr Jean-Claude Juncker, the chairman of euro zone finance ministers, said he did not believe the worst of the financial market crisis was over and Europe will continue to be affected by the problems, which sprang from sloppy lending practices in the US housing market.
A spokesperson for the European Commission, however, acknowledged that high oil prices could reduce euro-zone economic growth below the 1.7 per cent forecast by the Commission for this year.
On Wednesday, the US Federal Reserve slashed its US economic growth forecast for 2008 to between 0.3 per cent and 1.2 per cent, down from a prior forecast of 1.3 per cent to 2 per cent three months ago. The IMF believes US economic growth will skid from a subpar 2.2. per cent in 2007 to 0.5 per cent this year and 0.6 per cent next year.
Source: The Star Online
Date: 24/05/2008
Malaysia’s moving up the competitiveness rankings is the result of improvements in hard data rather than perception surveys.
Malaysia has moved up four spots to 19th place with a score of 73.2 points out of 100 in the World Competitiveness Yearbook 2008 published by International Institute for Management Development (IMD) based in Switzerland.
Last year, Malaysia was ranked 23rd with 74.1 points.
At a seminar on “Updates on Malaysia’s Competitiveness 2008” yesterday, Malaysia Productivity Corp (MPC) director general Datuk Nik Zainiah Nik Abd Rahman said: “The overall improved performance on Malaysia was attributed largely to the improvement in the rankings for statistical (or hard) data, where 46 out of 127 of the statistical data recorded improvements in ranking.”
However, she added that the MPC was also concerned with perception data, given that in today’s environment “perception was reality.”
The IMD ranking on perception data for Malaysia found that 43 out of 118 of recorded data showed an improvement. Perception data has a lower weightage in IMD’s yearbook rankings.
Going forward, MPC’s focus was on improving government efficiency in providing services to the public “especially to the private sector,” Nik Zainiah said.
MPC director Chan Kum Siew told the seminar said that in percentage terms Malaysia recorded a 35% improvement in statistical data rankings and also 35% improvement in perception data.“
Business efficiency showed the majority of improvement in rankings in the perception data,” she added.
Chan identified several challenges facing Malaysia, including achieving a customer-centric, innovative and proactive public service; nurturing innovative and resilient small and medium enterprises, and leveraging on public-private partnership to move the economy up the value chain.
Malaysia, she added, also needed to raise the innovative and creative capacity of human capital and enhance the scientific and technological infrastructure to meet the needs of a competitive economy
Malaysian tycoon Tan Sri Robert Kuok continues to maintain his lead position as Malaysia's richest man in the latest Forbes Asia's rich list.
According to Forbes Asia, Kuok, 84, who has many businesses, including Hong Kong property and media interests, and most notably palm oil giant Wilmar, increased his net worth from US$2.4 billion last year to hit US$10 billion.
The latest ranking list also saw Berjaya Corp's Tan Sri Vincent Tan joining the billionaires' club, Forbes Asia said in a news release here.
There are 10 billionaires in the list this year, one more than last year.
Tan, who rose from 14th to ninth position, has a net worth of US$1.3 billion, up nearly US$1 billion from last year. Forbes Asia said Tans company, Berjaya Corporation, had bucked the trend with its stock price up nearly three-fold over the past 12 months.
Tan reigns over a vast US$4 billion -- combined sales -- network of enterprises spanning industries such as gaming, media, telecom, consumer products and retail as well as real estate.
Still in second place is Ananda Krishnan who heads telecom company Maxis. But his wealth dipped to US$7.2 billion, which is US$200 million less than last year.
The third richest in the list is IOI Corporation's group executive chairman Tan Sri Lee Shin Cheng who was ranked fourth last year but as the oil palm plantation giant soared in value, his wealth rose from US$1.6 billion to US$5.5 billion, Forbes Asia said.
The highest new entry is Puan Sri Lee Kim Hua, widow of renowned gaming tycoon Tan Sri Lim Goh Tong who was ranked third last year but died in October. She and her family are worth US$3.4 billion and ranked fifth, even as son Tan Sri Lim Kok Thay, who runs Genting, is listed on his own with US$345 million, putting him in 15th place.
Lee is one of three women on the list alongside Selangor Properties' chairman Puan Sri Chong Chook Yew, ranked 24th (US$245 million), and daughter of the Sultan of Perak, Raja Datuk Seri Eleena Raja Azlan Shah, ranked 35th (US$150 million).
Among the newcomers is Datuk Nazir Razak, group chief executive of CIMB Group and the youngest son of second Prime Minister, the late Tun Abdul Razak Hussein. Nazir managed to scrape into the 40th position as the last richest Malaysian in Forbes Asia's top 40 with a net worth of US$100 million. The collective wealth of the top 40 is US$46 billion, up US$3 billion from last year.
While 16 people managed to add to their wealth, 18 saw their net worth slipped, with seven of them losing at least a quarter of their worth.
Tan Syed Mokhtar Al-Bukhary, the richest Malay tycoon and a billionaire, dropped one position from seventh to eighth after his net worth was reduced by US$200 million to US$1.8 billion.
The Malaysia Rich List appears in the June 2nd issue of Forbes Asia.
The top 10 richest in Malaysia are:
1) Robert Kuok, US$10 billion.
2) Ananda Krishnan, US$7.2 billion.
3) Lee Shin Cheng, US$5.5 billion.
4) Teh Hong Piow, US$3.5 billion.
5) Lee Kim Hua & family, US$3.4 billion.
6) Quek Leng Chan, US$2.4 billion.
7) Yeoh Tiong Lay & family, US$2.1 billion.
8) Syed Mokhtar Al-Bukhary, US$1.8 billion.
9) Vincent Tan, US$1.3 billion.
10) Tiong Hiew King, US$1.1 billion.