Countries
For the whole year of 2015, the focus was on Najib’s naughty hands caught in the cookie jar but the scope was confined within Malaysia. Only after F.B.I opened investigation papers on the Malaysian prime minister’s stepson Riza Aziz funding over extraordinary real estate purchases and movie production that the scope widened to United States. […]
... written on Feb 02 2016HSBC is still undecided if they should move headquarters to Hong Kong, after months of meeting, brainstorming and consideration. The Europe’s largest lender, however, has decided something for the year 2016 – to freeze hiring and salaries – globally. An email sent to HSBC employees on Friday detailing the latest cost-cutting has apparently leaked to […]
... written on Feb 01 2016Ever since the demise of (old and original) UMNO and the creation of UMNO Baru (new UMNO as it is known today) by former Prime Minister Mahathir Mohamad after the 1988 Malaysian Judicial Crisis, the political party has been producing anything but clean and good leaders. Mahathir was a dictator. Badawi was a sleeping queen. […]
... written on Feb 01 2016Prime Minister Najib Razak, reluctantly, has announced a revised Budget 2016. Clearly, it was a tough job to further decorate the budget so that it doesn’t sound too gloomy. When Budget 2016 was unveiled in Parliament last October, the crude oil price was at US$48 (RM199) per barrel. Today, it stands at US$35 (RM145), after […]
... written on Jan 29 2016Nobody dared bet A.G. Apandi would be neutral and professional on Najib Razak’s alleged involvement in 1MDB’s RM42 billion scandal, RM2.6 billion “private donation” or SRC’s RM42 million mysterious money, let alone charge the prime minister with corruption or money laundering. After all, it was Najib who offered the 65-year-old retired ex-judge the job. […]
... written on Jan 28 2016During the 1997-98 Asian Financial Crisis, then-Prime Minister Mahathir Mohamad went berserk and accused everyone except himself for bankrupting corporations in Malaysia. He tried to bailout his cronies, including his own eldest son Mirzan Mahathir’s Konsortium Perkapalan Bhd which had accumulated RM1.6 billion in debt. But there wasn’t enough money to go around. Outrages, Mahathir […]
... written on Jan 27 2016With less than 2-week to go before people abandon capital Kuala Lumpur and rush back for the Chinese Lunar New Year (CNY) festival, mega sales are everywhere in town. Pre-CNY has always been an interesting point to gauge the domestic economy, especially the Malaysian ethnic-Chinese. After all, the government always accuses the Chinese of dominating […]
... written on Jan 26 2016He’s worth a staggering US$24.5 billion (£17.23 billion; RM106.37 billion) based on Forbes’ estimation. He survived the Nazi-occupation of Hungary and fled the regime as a refugee for 15-years hence he has a soft spot for refugees currently flocking to the European Union. He worked as a railway porter and waiter in London before becoming […]
... written on Jan 22 2016Najib Razak self-proclaimed that the RM42 billion scandal involving his pet project 1MDB was over before the unleashing of New Year 2016 fireworks. So did 1MDB President Arul “Anaconda” Kanda. Was it really over? Going by today’s exchange rate, 1MDB’s US$11 billion in debt have ballooned to a whopping RM48 billion. Najib’s second scandal, […]
... written on Jan 21 2016China announced on Tuesday that its 2015’s economy grew 6.9%, matching economists and analysts’ expectation. The problem is nobody believes the Beijing-endorsed figures. That wasn’t the real economy – argue investor, economist, analyst and specialist. China has simply cooked a number that people wanted to see and hear. Instead, they believe China’s National Bureau of […]
... written on Jan 20 2016
