Gosh! The BLR just went up!

The increase in the BLR is unavoidable if we want to encourage more foreign investment, and to reduce local borrowings. From what I have seen before the increase will have both positive and negative impact. The positive include Malaysians being more prjdent in their expenditurem do not sign up too many loan application forms, and to live within their means. As it is many are spending as if there is no next month to worry about The negative include dissatisfaction at the government whether justified or not, many going bankrupt because they cannot adjust to the changes, and political upheaval due to certain people msleading the population. In the past many property speculators were badly affected, and the same ething could happen again. We have gone through a similar situation before, and I believe we csan go through it again. Copared to many other countries Malaysians are still better off.