Commodities
Najib administration has done the unthinkable – to scrap the fuel subsidy of RON95 petrol and diesel altogether. Starting next month, December, the prices of RON95 petrol and diesel will be based on a managed float system. Note that this is based on “managed” and not “freely” float system. Thus, unlike in U.S. where one […]
... written on Nov 24 2014Yesterday, we wrote about the happy and sad consequences as a result of US dollar bull run. Americans are cheering a stronger dollar for a simple reason that their purchasing power will be higher. It will cost them lesser for a vacation in Paris or Bangkok, for example. Since Americans don’t believe in saving, they […]
... written on Nov 05 2014The Chinese are known to be skillful businessmen. They love money the most, on top of family and education for kids. But the Chinese’s presence are all over the globe, thanks to thousands of years of migration. So from which part of the world can we find the top Chinese businessmen? You don’t have to […]
... written on Oct 26 2014Legendary hedge fund manager George Soros has been buying and selling like crazy as of July 2014. George Soros, through his privately held investment management firm – Soros Fund Management – was buying TEVA, EQT, YPF, EGN, CZR while at the same time selling Google, Boeing, Microsoft and Harman International Industries. Besides Warren Buffett, the […]
... written on Aug 17 2014We’ve often hear about multi-billion conglomerates which make billions of dollars in a calendar quarter alone such as Apple Inc., Coca-Cola, McDonald’s and so on. But we rarely read stories about SMEs (small and medium enterprise), the engine which boost many developing countries’ economic growth. Forbes Asia has recently released its annual “Best Under A […]
... written on Aug 07 2014Previously they were boasting about their wealth as the “Rich Kids of Instagram”. Now, they’ve taken a step further by having their “Rich Kids of Snapchat” on the Facebook. Currently they’ve over 240,000 “likes”. Their purpose – regularly update “stories” about their wealth by (shamelessly) showing off their Lamborghini, cash, Rolex watches, taking exotic trip […]
... written on Jul 02 2014Beer drinkers take note – beer is good for you because it keeps your kidney healthy and it’s good for digestion, not to mention full of vitamins – B1, B2, B6 and B12. Beer also makes your bones stronger and reduces risk of heart attack. Heck, you should take barrels of beer if you fancy […]
... written on Jun 30 2014Smoking is a big business. Quitting smoking is an even bigger business. According to the American Cancer Society, the average smoker spends US$1,500 a year on tobacco products – representing at least 3% of the average American’s income. Needless to say, major tobacco companies are laughing all the way to the bank, every year. The […]
... written on Jun 25 2014U.S. fast-food workers went on strike on Thursday, targeting fast-food restaurant operators such as McDonald’s, Wendy’s, KFC and Burger King. They are seeking wages of US$15 an hour and the right to unionize without retaliation. At present, some are earning US$8.60 an hour while others are getting US$10 an hour. On the other hand fast-food […]
... written on May 17 2014When the time is tough, people tends to go out for food especially fast-food restaurants. Unless you’ve an army family to feed, sometimes it’s more economical to eat outside rather than cook on your own. The reason is pretty easy – raw ingredients are getting expensive regardless whether it’s chicken, beef, fish, vegetables or sugar. […]
... written on Dec 27 2013
