Currencies
Making money in the forex (foreign exchange) is quite easy – just listen to research firms such as MIDF or Malaysian Industrial Development Finance, and bet the opposite. Led by a bunch of clueless management and researchers, the firm that specializes in development finance, investment banking, and asset management provides the best advice for investors to […]
... written on Feb 21 2024Malaysia is in financial deep shit, but most of its 33 million populations especially the largest ethnic group – Malay – doesn’t realize it. The fact that 80% of the Malay voters chose Perikatan Nasional, a coalition comprising Malay nationalist Bersatu and PAS Islamist parties that subscribe to radicalization and extremism, speaks volumes about the […]
... written on Feb 14 2024Barking like a mad dog, Malaysia’s fourth and seventh prime minister – Mahathir Mohamad – has challenged protégé-turned-nemesis-turned-ally-turned-nemesis Prime Minister Anwar Ibrahim to call for a snap election. Just when people thought he might be able to pull a rabbit out of the hat, his so-called press conference was a huge disappointment. He could only […]
... written on Jan 23 2024Entering 2024, Russia’s position in the global oil markets remains largely unchanged despite Western financial and economic sanctions. Even the price cap of US$60 a barrel on Russian oil – desperately introduced by U.S. Treasury Secretary Janet Yellen – has little effect on the Kremlin. That’s because oil demand did not change. The only changes are […]
... written on Dec 30 2023As recently as May 2023, the Western news media were still laughing at the idea of de-dollarization. They said China’s Yuan faced great obstacles to becoming a global reserve currency. They ridiculed the Chinese currency because nobody wants to buy Chinese bonds. They mocked that foreign investors have been dumping Chinese bonds since Russia invaded […]
... written on Dec 24 2023For over a year since Anwar Ibrahim became the 10th Prime Minister of Malaysia, he has practically done everything to swing Malay-Muslim votes, 85% of whom did not vote for him in the November 2022 General Election. Yet, if the just concluded by-election for the Kemaman parliamentary seat is any indicator, the premier has failed spectacularly. […]
... written on Dec 06 2023Hamas and Palestinians are two different things altogether. Hamas, the Islamic Resistance Movement, is essentially the Palestinian militant group which has been designated by the U.S. as a terrorist organization in October 1997. While it governed the Gaza Strip, Hamas’ entire existence is “eradication of Israel” and “Jewish people” – meaning to wipe them out of […]
... written on Nov 07 2023When then-Education Minister Anwar Ibrahim introduced “Bahasa Baku” or a standardised pronunciation of the Malay language back in 1988, he was trying to show that he was not only a hero of the Malay language, but also to impress upon fellow Malays that he was more Malay than the Malays – even more Indonesian than […]
... written on Oct 27 2023MIDF Research said in March that the Ringgit will reach RM4.00 against the U.S. dollar by end 2023. However, the Malaysian currency continued to drop, hitting RM4.66 in July. Bank Negara Malaysia (Central Bank), meanwhile, insisted that the weakness in the local currency “does not reflect economic fundamentals”. Conveniently, it blamed external factors, which was […]
... written on Oct 21 2023Afghani, the currency of a pariah nation called Afghanistan, is trading at 77 Afghani to a U.S. dollar. In comparison, Russian Ruble has depreciated to 99 to the greenback. This means the Afghani are more valuable than Ruble. Not bad for the ruling Taliban, who seized power about two years ago after the United States […]
... written on Oct 04 2023
