Finance and Economy
Unknown three years ago, Emmanuel Macron is now on his way to become one of Europe’s most powerful leaders. But there’s also a possibility that 39-year-old Macron – France’s youngest president in history – could flop and prove himself to be nothing but an empty vessel. For now, the European Union is celebrating not because […]
... written on May 08 2017OPEC’s strategy has not worked. Saudi Arabia is having cold sweat now. Crude oil price is hitting the lowest for the year 2017, just 2 bucks away from US$42 a barrel. Earlier, we wrote that for the second time for the year, the U.S. crude had broken below US$48 a barrel. The price is currently […]
... written on May 05 2017Bandar Malaysia, supposedly the country’s biggest real estate project, has collapsed. TRX City Sdn. Bhd., an indirect wholly-owned subsidiary of the Ministry of Finance, said the sale of its 60% interest in Bandar Malaysia Sdn. Bhd. has lapsed. TRX blames failure to meet payment obligations as the reason why the deal was called off. In […]
... written on May 04 2017Two months ago, we were presented with a chance to witness oil price going down to US$42 a barrel, or lower. The more than 5% plunge on that Wednesday saw the price trading at its lowest for the year 2017 – from a high of US$52.92 to a low of US$50.05 – after the Energy […]
... written on May 03 2017Everybody is talking about North Korea and the excitement of witnessing the world’s first nuclear war to be started by two rogue leaders – Donald Trump and Kim Jong-un. Suddenly, nobody is interested about the world’s first economic war between two powerhouses – United States and China. The Korea conflict is indeed a major diversion […]
... written on Apr 28 2017What do you really expect from a page of less than 200-words tax overhaul proposal? That’s what President Trump revealed on Wednesday but the financial markets aren’t impressed. Perhaps he knew his new tax plan is too good to be true that very few believe it could be implemented. Or he realizes the ambitious plan […]
... written on Apr 27 2017It’s a big e-commerce world out there, and the benefits surely do outweigh the risks. For instance, it is now not only possible, but downright commonplace, to be able to shop and buy from a store across the country or around the globe. The fact is, people love using e-commerce sites. Consequently, business is booming. […]
... written on Apr 27 2017Muslim countries, especially those that subscribe to Saudi Arabia’s Wahhabism, broadcasted and printed a piece of great news over the weekend. King Salman issued a royal decree restoring “all allowances, financial benefits, and bonuses” for civil servants and military personnel on Saturday. Saudi claimed it was due to a recovery in oil prices and internal […]
... written on Apr 25 2017Kim Jong-un was right to be cheerful while celebrating the 105th birth anniversary of the nation’s founding president, Kim Il-sung. He was right to be laughing his head off at U.S. commander-in-chief’s threat of a “sudden strike” on the Hermit Kingdom. Turns out, he was absolutely right to call Trump bluff by challenging the U.S. […]
... written on Apr 19 2017United Airlines is still facing its biggest nightmare after the violent dragging of 69-year-old Dr. David Dao from United Express Flight 3411. After suffering multiple injuries – including a concussion – as he was forcefully removed from plane, Mr. David has become a “poster child” for passenger mistreatment. His lawyer said he will need reconstructive […]
... written on Apr 17 2017
