Malaysians forecast economic performance with joss sticks
Asian Economic News, Feb 12, 2001
KUALA LUMPUR, Feb. 7 Kyodo
Malaysia's economy is set to peak in the second half of this year, the Star daily reported Wednesday, citing predictions based on the divination of burning joss sticks at a temple of the Chinese God of Prosperity.
Some 8,000 devotees, mostly businessmen, thronged to the Sea Pearl Temple in the northern island of Penang on Tuesday, the 14th day of the Chinese lunar new year, to witness the traditional event of flame-watching in front of the God of Prosperity.
It is believed that on the day, the deity wanders to meet with resident deities of other areas to confer on the country's economic situation.
Related Results
A procession was held early in the day where the deity's urn and statue were carried through the streets.
The 15-minute flame-watching ceremony began at 11:20 p.m. during the high tide.
With the lights off and some 80 joss sticks burning, temple officials fanned the joss sticks three times, with each stroke representing four months of the year. Devotees charted the height and intensity of the flames each time they were fanned.
The flames were strongest in the second half of the second fanning, indicating that the economy will be at its best then, a temple official was quoted saying.
However, the flames lacked intensity, indicating that this year the economy will not be as good as last year, the report said.
Government economists have already predicted that this year economic growth would slow down to about 7% from more than 7.5% in 2000.
Ethnic Chinese make up almost 30% of the country's 22 million population, which is dominated by ethnic Muslim Malays.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Fox Networks Group and Bright House Networks Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Fox Networks Group and Time Warner Cable Strike Comprehensive Deal to Distribute Fox Broadcast Stations, National Cable and Regional Sports Networks
- Houston Radio D.J. Kevin Kline Completes 500-Mile, 13-Day Ultramarathon Across Texas for Kids with Cancer
- Seaspan Corporation Provides Information on the CSCL Hamburg
- Dodecylamine improves nanocrystal synthesis
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions


