Archive for August, 2019
Getting former ministers to testify against their former boss – Najib Razak – will always promise fireworks. That’s because they are ready to wash dirty linen, exposing everything in their arsenal to protect themselves. Damaging testimony continues to haunt Mr. Najib when Ahmad Husni Hanadzlah is called to testify in the trial against the former prime […]
... written on Aug 09 2019Every night at 9 p.m. ET, the People’s Bank of China (PBOC) fixes a level at which the Yuan (Renminbi) will trade against the U.S. dollar within China. On Wednesday, the central bank sets the Yuan midpoint at 6.9996 per dollar. But by Thursday, it crossed the red line and breached the 7 level – […]
... written on Aug 08 2019As far back as 1988, the then-Education Minister Anwar Ibrahim announced that computer skills and programming would be part of the country’s curriculum by 1990. It was the period where the Internet had yet to exist and now-obsolete 5.25 inch floppy disk with a capacity of only 1.2-Megabyte ruled the land. Anyone with knowledge of […]
... written on Aug 07 2019In retaliation for Donald Trump’s announcement last week of new 10% tariff against an additional US$300 billion of Chinese goods, effective September 1, Beijing has finally fired its biggest shot since the trade war started in March 2018. It devalues its currency Yuan (Renminbi) and officially suspends purchases of American agricultural products. As a […]
... written on Aug 06 2019In March 2018, about 17 months ago, President Donald Trump confidently – even arrogantly – said that trade wars are good, and easy to win. His first shot at Mexico, imposing a 25% tariff on steel and a 10% tariff on aluminium, helped spark a 420-point drop in the Dow Jones Industrial Average (DJIA) and […]
... written on Aug 05 2019Like it or not, the hard truth is once you step out of Malaysian soil, the Malay language becomes useless and worthless, unless of course you travel to Indonesia or Brunei or to a certain extent – Singapore. Interestingly, Malay still retains the status of national language in Singapore as the language was historically the […]
... written on Aug 04 2019A day after the Wall Street crashed 333 points as a result of less than impressive interest rate cut by the Federal Reserve, the stocks made an incredible rally – skyrocketed to as much as 311 points – until Trump spoils the party. The president dropped a bombshell when he declared an additional 10% tariff […]
... written on Aug 02 2019Federal Reserve Chairman Jerome Powell was caught between a rock and a hard place. If he refuses to obey Donald Trump, he would be condemned. If he obeys his boss, he would be a puppet of the U.S. president. So when he took the middle way, cutting the key interest rate as desired by Trump, […]
... written on Aug 01 2019
