Commodities
Flashback: From a record low of RM2.10 to US$1 in October 1978, the Malaysian Ringgit hit its all time high of RM4.73 to US$1 in January 1998. Prior to the infamous Asian Financial Crisis, the ringgit was trading at about RM2.40 to a US dollar in 1997. Nobody could have predicted the type of economic […]
... written on Aug 17 2015A total of 5,270 Yazidis women and girls were abducted last year, and at least 3,144 are still being held. Amazingly, the Islamic State has developed a detailed bureaucracy of sex slavery, including sales contracts endorsed by ISIS-run Islamic courts. It has become a very effective tool to lure men from Muslim societies around the […]
... written on Aug 15 2015You’ve read about the prospect of Johor declaring Independence and how the remote possibility of UMNO losing the state is actually very real. Now that desperado Najib son of Razak had axed his former deputy Muhyiddin, a Johor warlord, the chances are even higher that UMNO would lose its fortress for good. There’re reasons why […]
... written on Aug 11 2015Before the currency stop trading for the weekend, the Malaysian Ringgit was trading as high as RM3.9530 to a U.S. dollar. After the closing bell, it settled at RM3.9220 to a buck. So, does this mean RM3.90 is a new support level and the ringgit can never strengthen to RM3.80 anymore, at least for the […]
... written on Aug 10 2015Did you make any pocket money since our last bitching article? No, not the one about stocks related to Najib’s cronies. The one about all hell breaks loose when the local currency “Ringgit” breaches the psychology RM3.80 to a US dollar. Was it a coincidence that ringgit spiked into toilet bowl on Aug 4, the […]
... written on Aug 07 2015Saudi Arabia is starting to learn the real meaning of “what goes around, comes around”. It’s a public knowledge that Saudi Arabia had funded the 9/11 attacks, and they were pretty happy about their ability in creating havoc against the world’s superpower. Unfortunately they couldn’t control and contain the monster that they’ve created. What did […]
... written on Aug 06 2015Last month, a rare Hermès bag has set a new record for the most expensive handbag ever sold at auction – going for HK$1.72 million (US$221,846; £146,000; RM817,225). The luxury crocodile skin 2014 Hermes Birkin bag, in fuchsia, features 18 karat gold detailing encrusted in real diamonds. Soon, the rich and famous, including shopaholic such as the […]
... written on Jul 29 2015This is not a drill. And certainly not about the spread of Chinese influence around the world, buying everything they can get their hands on, as it prepares to overtake America as the world’s economic superpower. But before they can even think about becoming the global superpower, China needs to learn how to manage a […]
... written on Jul 23 2015The durian harvesting season has started, and everywhere you go in Malaysia, you would be greeted with stalls and vans selling the “king of fruits”. This year, prices for all types of durians, including the top-class “Musang King” (Mao Shan Wang), are at its lowest. The almost ideal weather conditions help in bringing a huge […]
... written on Jul 15 2015Have you watched the two films we recommended about a year ago? Flashback – “Inside Job” and “The Wolf of Wall Street”, released in 2010 and 2013 respectively, are two movies you must watch to understand the reality of financial markets. And in case you’ve missed our previous article, go read about “30 Investing Tips & […]
... written on Jul 02 2015
