Monday, October 23, 2006


Tomorrow is Eid’l Fitr, last day of Ramadan, a public holiday meaning no school, no banks, no work for government employees. Next week, the whole country will once again stop for "All Saints Day". We observe a lot of holidays here. Compared to Americans, we work far less hours per week.

I don't have anything against marking special occasions but once we start staying home for all these important dates, productivity suffers. Investors will find it more difficult to conduct business because there are no government agencies to process permits and documents, the banks are unable to perform transactions, the stock exchange is closed.

If we want to do some catching-up and everyone knows we have a long long way to go, we need to take a collective deep breath and begin foregoing these frequent celebrations.

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