Finance and Economy
When arch-rivals Saudi Arabia and Iran announced they were restoring diplomatic relations, the world was stunned. The split between the two main sects within Islam, Saudi-led Sunni Islam and Iran-led Shia Islam, goes back some 1,400 years in a dispute over who should succeed the Prophet Muhammad as leader of the Islamic faith. As a […]
... written on Mar 19 2023Operation Lalang (Operasi Lalang in Malay), which means “Operation Weeding” was a major crackdown launched by the Royal Malaysian Police in 1987 to prevent the repeat of racial riots in the country. It was the biggest operation of its kind under Prime Minister Mahathir Mohamad after racial tensions had reached a dangerous level, forcing the […]
... written on Mar 17 2023When Biden took office, the U.S. inflation was only 1.4% while the gasoline price was US$2.39 per gallon. Today, inflation is at 6.4% and the gas is US$3.47. And that was after pumping trillions of dollars into the financial system to make sure the system did not crash. After bailing out Silicon Valley Bank, the […]
... written on Mar 15 2023Silicon Valley Bank (SVB) said on Wednesday (March 8) that it would like to raise some funds – US$2.2 billion to be precise. Investors as well as venture capitalists were surprised that the bank – 16th biggest in the United States, with US$209 billion in assets – suddenly needed so much money. Within 48 hours, […]
... written on Mar 13 2023Anwar Ibrahim’s pledge to crack down on corruption has sent shivers down the spine of many corrupt politicians, including three former Prime Ministers – Mahathir Mohamad, Muhyiddin Yassin and Ismail Sabri. But they are not the only sharks identified. Powerful politicians like Daim Zainuddin and super-rich cronies like Syed Mokhtar Al-Bukhary too are in trouble. […]
... written on Mar 11 2023The system of fractional ownership offers individuals a cheaper way of acquiring a percentage of a condominium, resort, yacht, and other assets that are too expensive for a single person to buy. This applies fairly well with second properties or high-end luxury real estate and you can read about how this works in this link […]
... written on Mar 07 2023After royal decrees from the Sultanate of Selangor, Perak and Johor banning politicians from using mosques to deliver religious lectures or “ceramahs” – which are actually political propaganda – Sultan Mizan Zainal Abidin becomes the latest monarch to do so. The order was issued in a statement on March 3 by MAIDAM (Terengganu’s Islamic Religious […]
... written on Mar 06 2023Former U.S. President Barack Obama once said of Joe Biden – “Don’t underestimate Joe’s ability to fuck things up.” Indeed, president Biden has screwed up so spectacularly that he’s sleepwalking off a 100-metre cliff, without any clue whatsoever that he is leading the world to the first Nuclear War – challenging Russia and provoking China […]
... written on Mar 05 2023For the sixth consecutive year, Japan topped the list of the most powerful passports in the world in 2023. But it’s wrong to think the Japanese passport, which allows its holders to visit 193 of 227 destinations visa-free, is the best boutique. Travellers and entrepreneurs trying to find a “one-stop shop” to become a global […]
... written on Mar 03 2023China has so far refused to be dragged into the Ukraine War. However, the economic powerhouse has been accused by the West of supporting the Russian simply because Beijing repeatedly declines to condemn Moscow’s invasion of Ukraine. The U.S. and Western logic is that “you are either with us – or against us”. You can’t […]
... written on Feb 27 2023
