Archive for July, 2019
In March 2018, India raised the import tax on crude palm oil to 44% from 30% and hiked the tax on refined palm oil to 54% from 40%. The fourth increase in import tax in less than 6 months – the highest level in more than a decade – was to protect the country’s local […]
... written on Jul 19 2019For the 12-month period from April 2018 to March 2019, U.S. home purchases by foreign buyers dropped 36%. According to the National Association of Realtors (NAR), foreigners bought only 183,100 properties worth about US$77.9 billion, down from 266,800 valued at US$121 billion in the previous period. That’s a loss of US$43 billion worth of home […]
... written on Jul 18 2019Mahathir Mohamad must be both amused and insulted after former prime minister Najib claimed in a speech to UMNO delegates on July 12 that Lim Kit Siang had presented the idea of setting up a new party – PPBM (Bersatu) – to Dr Mahathir prior to 14th General Election. The co-called evil scheme was to […]
... written on Jul 17 2019Legend says that Chinese civilization is 5,000 years old. But some argued they were only 3,200 years old. Regardless, the fact remains that while the Chinese civilization survives thousands of years, the Roman Empire did not. Throughout the history, the empires and kingdoms of ancient China had gone through uncountable collapses and rises. So when […]
... written on Jul 16 2019The return of former Prime Minister Najib Razak to his party – UMNO – is certainly great news for Mahathir administration. After all, it was the former president of UMNO who had stunningly brought down his own government, enabling the then-opposition Pakatan Harapan coalition wrests over the government after 61 years under the rule of […]
... written on Jul 16 2019For over 60 years, a country called Malaysia was divided along racial lines between ethnic Malays and non-Malays. And for as long as one could remember, the Malays from UMNO, the political party that dominated the previous government before they were defeated in the last May general election, have been treating the ethic Chinese and […]
... written on Jul 15 2019It’s been 14 months since Pakatan Harapan (PH) took over. The jubilant and exuberant spirit has long gone. Nowadays when PH politicians speak, people start grumbling about promises not fulfilled. How are people to trust a government that doesn’t fulfill it’s manifesto’s promises? Do they think people are fools to be taken for a ride? […]
... written on Jul 14 2019Facebook Slapped With $5 Billion Fine – But It’s Such A Joke That The Stock Jumped & Everyone Laughs
After months of investigation following Facebook’s 2018 Cambridge Analytica scandal, the Federal Trade Commission (FTC) decided to slap the company with US$5 billion (£4 billion; RM20.5 billion) fine – the largest ever imposed by the FTC against a tech company. Yet, the punishment was like a mosquito bite to the company. In fact, the punishment […]
... written on Jul 14 2019Anwar Ibrahim’s ambition to become the 5th Prime Minister of Malaysia was crushed when then-PM Mahathir Mohamad sacked him in 1998. Mr. Anwar, who served as the deputy prime minister from 1993 to 1998 under Dr. Mahathir, was declared not fit to be the next premier for corrupt practices and sodomy – allegations that many […]
... written on Jul 12 2019Against the threat of retaliation – even trade war – from the United States, the French have decided to slap a new tax on American companies. On Thursday (July 11), France’s Senate approved “3% digital tax” on the revenues of multinational firms and tech giants like Facebook, Google and Amazon. Trump administration warned that such […]
... written on Jul 12 2019
