Commodities
Malaysian Prime Minister Mahathir Mohamad has expressed his disappointment over the failure of Regional Comprehensive Economic Partnership (RCEP). Despite 7 years of negotiations since it was first formally launched in November 2012 at the ASEAN Summit in Cambodia, the proposed free trade agreement has failed to reach consensus – again. “We are very disappointed. […]
... written on Nov 04 2019For months, Mahathir Mohamad had been enjoying himself – bashing and condemning everyone and every country he didn’t like, as if the world revolves around him. He has slammed the U.S., Hong Kong, India, Israel, Singapore and even Myanmar. In the process, he has insulted the Hindus, Chinese, Jews, Americans and practically everyone who was […]
... written on Oct 22 2019A lot of small businesses are looking for different ways to cut down on their energy bills. The concept makes a lot of sense as the lower your energy bills are, the more profit you can make. Thanks to today’s technologies and green energy alternatives, it’s become possible to come across numerous methods that can […]
... written on Oct 19 2019Mahathir, the world’s oldest prime minister, appears to have lost his magic touch in running the country, which is burdened with record RM1 trillion debts inherited from the previous corrupt government. Initially praised – even worshipped – for stunningly defeated protégé-turn-nemesis Najib Razak, Mahathir administration has increasingly attracted criticisms. Whether Mr. Mahathir realized it […]
... written on Oct 12 2019When Malaysian Prime Minister Mahathir Mohamad meets his Indian counterpart, Narendra Modi, in Russia on Sept 5 ahead of a 3-day Eastern Economic Summit, everyone was wondering if Mr. Modi will raise the issue of Zakir Naik, the controversial Indian Islamic preacher accused of spreading hate speech, laundering money, and funding terrorism by the Indian […]
... written on Sep 19 2019Oil prices jumped more than 10% after a coordinated drone attack hit the heart of Saudi Arabia’s oil industry on Saturday (Sept 14). The attack sent Brent crude, the international benchmark for crude prices, skyrocketing 15% to US$69.02 a barrel on Monday – the biggest jump in about 30 years. Brent crude futures actually […]
... written on Sep 17 2019A campaign to boycott non-Muslim products, believed to have been quietly unleashed by opposition UMNO Malay nationalist and PAS Islamist parties has spread like wildfire, at least on social media. On the surface, it certainly looks like a declaration of war against the minorities in the country, especially ethnic Chinese whose prowess in the business […]
... written on Sep 04 2019By now, the US-China trade war has entered a stage where it’s almost impossible for either one to surrender. The belief is such that the dispute will continue until at least the 2020 U.S. presidential election. Donald Trump is betting that his get-tough-on-China platform will rally American voters and help him get re-elected for the […]
... written on Sep 03 2019The duty on crude palm oil was lowered to 40% from 44%, while a tax on the refined variety was cut to 50% from 54% after Indonesia and Malaysia, the top two palm oil producers in the Southeast Asia, sought a reduction in the import tax. Prior to that, India had raised the import tax on crude […]
... written on Aug 28 2019China has made good on its promise to retaliate against President Donald Trump’s latest 10% tariff on US$300 billion worth of Chinese goods. On Friday (August 23), the Chinese State Council announced it decided to slap tariffs ranging from 5% to 10% on US$75 billion U.S. goods in two batches – effective on Sept. 1 […]
... written on Aug 24 2019
