Crisis
During the 1997-98 Asian Financial Crisis, Ringgit dropped like a rock. In fact, the crisis the swept Southeast Asian countries into currency chaos had forced the Malaysian currency to depreciate by about 80%, from RM2.50 to RM4.50 per US dollar. At its worst level, the currency plunged to a record RM4.885 per dollar in 1998, […]
... written on Sep 15 2022It’s one thing to express full solidarity with Ukraine and pledged to continue offering strong political, financial and humanitarian assistance. It’s another thing altogether to condemn Russia and bragged to continue imposing hard-hitting sanctions. The 27-nation leaders of European Union love to talk about solidarity that binds their countries together. But when even Bloomberg […]
... written on Sep 06 2022Energy crisis created by the Russia-Ukraine conflict isn’t over, even though the crude oil prices have dropped to below US$100 a barrel. The wishful thinking that sanctions imposed on Russia could cripple and defeat the Kremlin has boomeranged on the Western nations instead. The impact, either direct or indirect, is so bad that the West […]
... written on Sep 01 2022Since Vladimir Putin launched his “special military operation”, which the U.S. and its allies called an “unprovoked invasion”, in Ukraine, the Western nations have done nothing but add fuel to the fire. By supplying weapons to Ukraine, instead of taking steps to end the conflict, neither Ukraine nor Russia could end the war. Neither the […]
... written on Aug 29 2022All 11 sectors in the S&P 500 were in the red on Monday (Aug 22) with a whopping 480 stocks in red and just 23 in green. The Standard and Poor’s 500 lost 2.14% – biggest drop since June 28. The Dow Jones Industrial Average plunged 643.13 points, while the Nasdaq Composite tumbled 2.55% – […]
... written on Aug 23 2022Democracy & Autocracy – Does U.S. Really Care About The Taiwanese People Or Practise True Democracy?
Donald Trump’s Mar-a-Lago resort was raided by the FBI on Monday (Aug 8). About 30 heavily armed officers carried out the operation as if Trump was Chicago mobster Al-Capone. The stunning raid was related to the Justice Department’s inquiry about Trump’s handling of classified material. The timing of the raid has raised eyebrows as it […]
... written on Aug 11 2022Singapore Prime Minister Lee Hsien Loong, Malaysia Prime Minister Ismail Sabri and Taiwan President Tsai Ing-wen all had met with Nancy Pelosi during the U.S. House Speaker’s Asia Tour. But when Pelosi, second in line to the presidency, arrived in South Korea, the country’s president – Yoon Suk-yeol – only agreed to speak to Pelosi […]
... written on Aug 06 2022Who the hell is China to tell the United States, the strongest and mightiest nation in the world, which country it can or cannot visit? That was basically the provocative and arrogant statement issued by both Republican and Democrats politicians. Adding fuel to the fire, news media like CNN and Fox News continuously condemned President […]
... written on Aug 04 2022Former President Donald Trump once told a Republican Senator – “Taiwan is like two feet from China. We are 8,000 miles away. If they invade, there isn’t a fucking thing we can do about it”. The senator, who was trying to convince Trump to do everything possible in his power to persuade China not to […]
... written on Jul 31 2022Officially, the National Bureau of Economic Research says a “technical recession” has hit the United States. The world’s largest economy had already declined by 1.6% in the first quarter – January to March, 2022. Now, the latest data unleashed on Thursday (July 28) shows the country’s economy contracted for the second straight quarter from April […]
... written on Jul 29 2022
