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Deputy Prime Minister Datuk Najib Razak told a news conference that while Malaysia was insulated from the worst effects of the global crisis, the growth forecast for 2009 “will be reviewed downwards”.

Najib is also finance minister and is set to take over as prime minister in March.

He said that although Malaysia’s financial services sector was “resilient”, the crisis would affect the economy here, which the government had seen growing 5.4 per cent next year.

The Southeast Asian nation has a managed float for its ringgit currency and runs a large current account surplus which has insulated it from the financial contagion that has hit the world’s economies.

“Yes, our stock market is affected by the sentiment in other markets, but I would like to say that we are not in a financial crisis and certainly we should not talk ourselves into one,” Najib said.

Malaysia is, however, the third most exposed economy in terms of exports as a percentage of gross domestic product, according to a survey from investment bank UBS on emerging economies.

The country’s budget deficit is expected to surge this year to 4.8 per cent of GDP from a planned 3.1 per cent of GDP, thus limiting the government’s room for a big spending stimulus to offset falling exports.

Najib also said that Malaysia would liberalise some sections of its financial services economy to attract more foreign investment and would seek to encourage more foreign investment in property.

Meanwhile, Khazanah Holdings managing director Datuk Md Azman Mokhtar said: “The companies are certainly better and stronger than they were 4, 5 years ago … So therefore we think they are certainly in a much better shape to withstand these kinds of shocks.”

Ideagobal’s Gundy Cahyadi said; “I guess in general the 2009 downgrade is inevitable. The Bank Negara Malaysia (central bank) has signalled they are going to look at an even slower growth rate.

“Now the UK, the US and Europe will be growing negatively next year and that will affect Malaysia. I am projecting 4-5 per cent growth next year. The main thing to watch for Malaysia is the export sector.

“It has been okay in the second quarter, especially commodities, but that is going to change because commodity prices have eased and I do not see much support from these going forward. Domestic growth has been slowing and obviously the political situation does not help business,” he said.

Most Asian countries have downgraded their growth forecast for next year, especially those which are export oriented.

Joanna Tan, an economist with Forecast Pvt Ltd, said: “This is not unexpected given what is happening. Economic indicators have all been pointing to slowing growth. I guess they are just reacting to what might be seen as a slowdown in the economy due to global markets.”

“I guess they are going to announce more measures to help prop up the economy. Going forward the outlook is still bleak and we are also looking at what will happen on Friday. Let’s see if the central bank cuts rates in reaction to all this,” she added.

Another economist, Lee Heng Guie of CIMB said: “(There is) nothing much to say because they haven’t finalised the number. Given the deepening global financial crisis that has spread from the US to emerging countries, I would expect the government would review the 2009 growth target.

“It is realistic the government review the growth forecast for next year given the budget hasn’t fully factored in the global financial crisis.” – Reuters

Solid waste or solid litters is rubbish generated urban in the vicinity general and town. Litters source municipal is constitute housing estate, commercial, industrial, institutions and construction.

Through research was carried out by Lau Chee Chin at year 1998, find that about 2,000 one day rubbish tan were produced by population at Kuala Lumpur in year 1980 and expected will increase be 4,000 one tone per/day.

Solid waste management was one of branch environment to give emphasis balance intersystem biofizis and human activity (Zaini Sakawi, 2003).