Finance and Economy
Do scammers have a better success rate targeting illiterate or old people? That’s the public perception due to wide coverage on such group of people being scammed, again and again. But if this 53-year-old man was really a legitimate businessman as what he claims to be, then this is one heck of a scam in […]
... written on Mar 07 2016Just like a salesman desperately wanted to meet his quarterly sales quota, or else risk being axed, the same can be said about Prime Minister Najib Razak. While the salesman needs P.O. (purchase order) from customers to justify his existence, Najib needs document from Saudi royal family to justify that the controversial RM2.6 billion was […]
... written on Mar 06 2016During its peak, the Daesh (ISIL, ISIS, Islamic State) was the world’s wealthiest terror group. When it captured the city of Mosul, the group was flushed with 500 billion dinars (US$452 million; £320 million; RM1.86 billion) kept in the Iraqi city’s central bank. They were also reportedly made off with a large amount of gold […]
... written on Mar 03 2016Effective Dec 2014, Malaysia scrapped decades-old fuel subsidy and the prices of RON-95, RON-97 petrol and diesel have been based on a “managed float system”. It’s been 15 months now since the implementation and so far so good. Malaysians can proudly say they can survive without subsidy, even though the (subsidy) money came from taxpayers […]
... written on Mar 02 2016Warren Buffett has just published his latest annual letter to shareholders. Why should you care, you may ask yourself. After all, you didn’t own and perhaps will never own Berkshire Hathaway stock. At roughly US$200,000 (£144,434; RM842,568) a share, perhaps it’s impossible for you to afford even “one share” of the company. Still, you […]
... written on Feb 29 2016Malaysia, under Najib Razak administration, is a cowboy town now with very little respect for law and order. If this can be made into a film, Sheriff Najib, caught with US$700 million (RM2.6 billion) in his personal bank account, is being questioned by everyone in town as to the source and purpose of the money. […]
... written on Feb 27 2016China has been hitting the news for the wrong reasons – economic slowdown, stock market meltdown, corruption crackdown, and billionaires’ disappearance. However, like its factories, the country assembly lines are producing billionaires faster than any other countries, including United States. Now, China has more billionaires than America. According to China-based wealth research firm – Hurun […]
... written on Feb 25 2016Indians, Pakistanis and Bangladeshis were often associated as Asia’s pariah people due primarily to their poverty. They form a huge pool of cheap labours or slaves ready to do 3D jobs – dirty, dangerous and difficult. They were cheated by agents before they could be exported and were mistreated by employers while doing their 3D […]
... written on Feb 22 2016Oil prices, both Brent and WTI, are above US$30 a barrel today. The price fluctuations, nevertheless, have been extremely volatile. Thankfully it hasn’t breached below US$20 a barrel. It would be a total chaos if the price goes below that level. But shall we conclude the worst is over on oil apocalypse? Not so fast. […]
... written on Feb 18 2016SJKC, also known as “vernacular schools” in Malaysia for the Chinese have existed since independence and the vernacular education is protected by the Federal Constitution, despite disagreement by some former judges. The fact that these judges chose to read the constitution to their liking only “after” retirement speaks volumes about their desire to impress and […]
... written on Feb 17 2016
