Currencies
If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared while another shot down; the year 2015 is definitely the year of Prime Minister Najib Razak. The prime minister’s multi-billion dollar scandals easily eclipse any other financial scandals one could imagine in the history of the country, including Mahathir’s. […]
... written on Dec 29 2015Many think Germany is Europe’s hardest working country and Japan is the champion in Asia while Americans work the longest hour in both North and South America continents. After all, these countries are the wealthiest. Surprisingly, all three of them do not even qualify for the top-10 most hardworking countries on planet Earth. The […]
... written on Dec 29 2015Christmas is just around the corner and stock markets have already started its yearly window dressing. Now is perhaps the best time for you to take some money off the table, if your portfolio is making good money. However, there’s one very prosperous country in ASEAN which disallows people from celebrating Christmas. Oil-rich Brunei has […]
... written on Dec 23 2015Finally, Federal Reserve Chair Janet Yellen found her spine when she raises rates for the first time since 2006. For as long as one can remember, she has been accused of delaying interest rate hikes – deliberately – to protect big boss President Obama so that businesses could be stretched for survival and unemployment kept […]
... written on Dec 17 2015On 3rd Dec, 2014, gasoline was selling as low as US$1.98 in the United States. An Oncue Express station in Oklahoma City was selling the gasoline for US$1.99 a gallon, the first one to drop below US$2 in the U.S. since July 30, 2010. That was roughly about £1.27 or RM6.86 a gallon (3.785 litres). In terms of […]
... written on Dec 13 2015Five months ago, China did the unthinkable – “Yuan Devaluation“. President Xi Jinping was facing multiple problems back then. The Chinese stock market crashed 30% within 3-weeks. His enemy, former leader Jiang Zemin, was plotting against him by systematically selling shares in an attempt to further depress the stock market. China’s economy was virtually going […]
... written on Dec 10 2015Effective today, Oct 20th, Xiaomi Malaysia has increased prices on its products. Thanks to the local currency – Ringgit – which has been the worst performer amongst the emerging market, losing 20% since early of the year, Xiaomi fans have no choice but to pay more for the Chinese Apple products. Here’re 6 (six) Mi […]
... written on Oct 20 2015Today is the first day of Parliament sitting but the temperature was already extraordinary high. Malaysians are supposed to see two things before the Christmas kicks in. First, Prime Minister Najib Razak with allegations of corruption, money laundering and murder scandals stacked against him, is supposed to see (blind) defence from all his 132 MPs. […]
... written on Oct 19 2015Speculation is running high that the Federal Reserve is having cold feet about raising interest rate for the first time after rates held near zero since 2008 financial crisis. Hence, there could be no rate hike at all for the rest of the year. There’re also rumours that China is ready to devalue its currency […]
... written on Oct 16 2015In a latest cat-and-mouse, or rather cop-and-thief game, Arul Kanda (President and Group Executive Director of 1MDB) has admitted the authentication of copies of 1MDB Board minutes dated Jan 12 published by UK-based whistleblower Sarawak Report (SR). Perhaps Mr. Arul was puzzled on how could the documents landed on Clare Rewcastle Brown’s lap. Considering how […]
... written on Oct 12 2015
