Signs of Malaysia being in recession seems to be more apparent now.
Apart from the retrenchment of 5 people in my office, I also read that Dell is offering VSS and will be retrenching 5% of their work force in Malaysia. A friend who works in an electronic manufacturing firm may be out of a job when the company shuts down his division in the second half of this tear.
But we're still doing fairly well comparatively.
And China is still booming despite The Star today reporting massive loss of jobs there.
And I know this because I recently received calls from headhunters regarding jobs in China. These are fairly high level jobs and they're offering expat packages with the pay range of RMB35,000 to RMB60,000.
Here I was thinking the the RMB is a large denomination currency and therefore it does not amount to much.
So I went to my favourite currency converter site, coinmill.com and checked how much is RMB60,000 in RM.
I almost fell off my chair when I found it was in access of RM30,000!
It is a lot of money for me anyway, considering the level I'm at and the exposure I've had so far.
So if China can pay an expat that much (and I have loads of friends who have moved there a few years ago with no signs of coming back), they can't be in recession, can they?
Apart from the retrenchment of 5 people in my office, I also read that Dell is offering VSS and will be retrenching 5% of their work force in Malaysia. A friend who works in an electronic manufacturing firm may be out of a job when the company shuts down his division in the second half of this tear.
But we're still doing fairly well comparatively.
And China is still booming despite The Star today reporting massive loss of jobs there.
And I know this because I recently received calls from headhunters regarding jobs in China. These are fairly high level jobs and they're offering expat packages with the pay range of RMB35,000 to RMB60,000.
Here I was thinking the the RMB is a large denomination currency and therefore it does not amount to much.
So I went to my favourite currency converter site, coinmill.com and checked how much is RMB60,000 in RM.
I almost fell off my chair when I found it was in access of RM30,000!
It is a lot of money for me anyway, considering the level I'm at and the exposure I've had so far.
So if China can pay an expat that much (and I have loads of friends who have moved there a few years ago with no signs of coming back), they can't be in recession, can they?
