No 'High Income Nation', No Economic Growth At Media Prima

Someone sent me this (Thank you Dato).

After VSS, Media Prima offers workers ‘career break’

Published 7 Dec 2017 

EMPLOYEES of media group on no-pay career break

sign not all is well amid glowing reports of M'sian economy.

• meeting at Media Prima head office in Bandar Utama
• employees to go on unpaid "leave" 6 months to a year
• work half month for half pay.

to commence next month.

earlier in 2017 Media Prima VSS for employees above 50 to cut costs

recorded net loss of RM171m for 1st six months 

lower revenue from tv and newspaper ads

recorded net loss of RM101.08m in 3rd quarter of 2017

2014 implemented mutual separation scheme. 39 people accepted

owns TV3, NTV7, 8TV, TV9, NST, BH, Metro, FlyFM, oneFM, HotFM, KoolFM 


My comments :  Media Prima is ground zero of the "ketuanan" gangster philosophy.  See where that crap has taken you.  

Slowly but surely they are going bust. 
Maybe the Chinese (from China) can bail them out. 
Maybe the Nanyang Hua-ren Nan-ban Nesan will take over Media Prima. 

• Giant tutup kedai
• AEON Big tutup kedai
• Proton sold to China
• Petronas "tutup kedai" 50% of their oil rigs
• NST tutup kedai their printing plants
• now Media Prima also tutuping kedai. 

Folks, 2018 is going to be the year of tutup kedai for many companies, especially the ketuanan owned corporates and companies that have been surviving on easy money, buta money, gomen kontrak dan projek and monopolies all this while. 

The "easy money, buta money, gomen kontrak dan projek and monopolies" has just made them fat, arrogant, non competitive and not sustainable. Out you go. 

My friend who sent me this said Malaysia will face recession in 2018.   Maybe yes / maybe no.

There are non bumi sectors of the economy that are actually doing better.

Since the Ringgit dropped, exports have increased. 

This is the largely the Chinese sector. So those Chinese are doing very well. 

Plus all the people (Malay, Chinese, Dusun, Indian) employed by the Chinese export sector will also get good wages.

So to all the young people (Malays, Chinese, Indians, Dusuns, Ibans) go and look for jobs with these export companies.  No need to kiss their butt. Just work hard and learn the trade. And dont forget to say thank you.

Not the entire economy is collapsing. Those businesses that have been exposed to market forces seem to survive better. They have learned to compete  and survive. They have learnt to be lean and efficient. No easy money, no free handouts for them.

They are now propping up our economy. 

Each time you see a lorry, truck or van carrying goods and barang on any road, pull over and give way for them. They are a very good omen. It means 'ekonomi depa masih jalan lagi'.

Imagine if all the lorries, trucks and vans are parked by the roadside because they do not have any barang to carry. We will all be eating paku pakis and nasi kicap.