Archive for March, 2020
A sea of red on global stock markets continue as the Coronavirus crisis deteriorated and the meltdown in the U.S., the world’s biggest economy, crashes confidence. The DJIA (Dow Jones Industrial Average) fell 10%, or 2,352.6 points – its largest one-day percentage drop since the October 1987 crash, which is also known as the infamous “Black […]
... written on Mar 13 2020The new cabinet was designed in such a way to ensure the survivability of not only Prime Minister Muhyiddin, but crucially the continuous existence of Bersatu (if they failed to take over UMNO) “after” the next 15th General Election. And if you look at the position of the chess pieces, some hidden hands had helped […]
... written on Mar 12 2020As countries around the world scramble to contain the spread of the highly infectious Covid-19 coronavirus, China appears to have successfully contained the pathogen. With official figures showing that the crisis, which first started in Wuhan, China, may have stabilized, other countries have started taking a look at how the Chinese did it. The […]
... written on Mar 11 2020Did Muhyiddin really want to reform institutions as well as combat corruption and abuse of power, as pledged in his inaugural speech as the country’s 8th Prime Minister on March 2? Only gullible and ignorant supporters would think so. As the world was shocked by the plunging oil prices and the stock market meltdown, the […]
... written on Mar 10 2020Be prepared for US$20 oil in 2020. Ali Khedery, a former ExxonMobil’s senior advisor for the Middle East, said so and now even Goldman Sachs warned that twenty bucks for a barrel of crude oil is absolutely possible. On Sunday, oil prices crashed by more than a third or 30% – the worst one day […]
... written on Mar 09 2020The drama is about to conclude. It has to because Mahathir is already 94 years old. If newly crowned PM Muhyiddin Yassin is to survive until the next 15th General Election, which must be called by 2023, Mahathir will be 97 years old. Sure, he had proven himself as the world’s oldest prime minister. But […]
... written on Mar 09 2020Oil prices dropped more than 10% on Friday (March 6) when the U.S. WTI (West Texas Intermediate) crude closed at US$41.28 – the lowest since August 2016. More importantly, it was WTI’s biggest one day percentage drop since November 28, 2014. Meanwhile, international benchmark Brent crude lost 9.4% to close at US$45.27 a barrel – […]
... written on Mar 08 2020Hadi Awang, the president of Islamist party PAS, should zip his mouth because the more he talks the more beans he spills. When Mahathir was the prime minister, Hadi claimed his plan to table a motion of confidence in Mahathir’s leadership was to save the people and the country. As an opposition who was tainted […]
... written on Mar 06 2020Xi Jinping rarely mingles with the public. But the Covid-19 coronavirus outbreak forced him to take a walk outside the municipal office in the Anhuali neighbourhood in Beijing last month as part of a publicity stunt to assure people that everything was under control. As he was chatting with ordinary folks, the Chinese president joked […]
... written on Mar 05 2020As expected, the next Dewan Rakyat (Lower House of Representative) sitting, scheduled to meet on March 9, has been postponed to May 18 under the instruction of newly crowned Prime Minister Muhyiddin Yassin. Essentially, that means the 72-year-old premier was sworn in without the necessary 112 minimum seats required to form a simple majority government […]
... written on Mar 04 2020
