Finance and Economy
SJKC, 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 2016The more Najib son of Razak is pronounced “innocent” by Malaysian authorities, the more people perceive him as guilty as hell. There’s no two ways about it. Even if Mahathir, his former mentor-turned-enemy agrees to grant him a safe passage, at least 53% of 30-million Malaysian populations are against such a slap on the wrist […]
... written on Feb 15 2016Walt Disney Company is about to get its sixth Magical Disneyland this year. Scheduled to open on June 16, Shanghai Disneyland will rival Hong Kong and Tokyo Disneylands, the other two Disneyland in Asia. The tickets for the Shanghai theme park will go on sale to the public much sooner – from March 28 onwards. […]
... written on Feb 03 2016Twitter shares are plunging as much as 10.5% after trading hours on Tuesday afternoon following Stifel Nicolaus downgrade from “hold” to “sell” and set a US$14 price target. Its stock is down by 55.6% compared to where it was a year ago. If you didn’t know, Twitter is banned on the mainland China hence the […]
... written on Feb 03 2016For the whole year of 2015, the focus was on Najib’s naughty hands caught in the cookie jar but the scope was confined within Malaysia. Only after F.B.I opened investigation papers on the Malaysian prime minister’s stepson Riza Aziz funding over extraordinary real estate purchases and movie production that the scope widened to United States. […]
... written on Feb 02 2016HSBC is still undecided if they should move headquarters to Hong Kong, after months of meeting, brainstorming and consideration. The Europe’s largest lender, however, has decided something for the year 2016 – to freeze hiring and salaries – globally. An email sent to HSBC employees on Friday detailing the latest cost-cutting has apparently leaked to […]
... written on Feb 01 2016Ever since the demise of (old and original) UMNO and the creation of UMNO Baru (new UMNO as it is known today) by former Prime Minister Mahathir Mohamad after the 1988 Malaysian Judicial Crisis, the political party has been producing anything but clean and good leaders. Mahathir was a dictator. Badawi was a sleeping queen. […]
... written on Feb 01 2016Prime Minister Najib Razak, reluctantly, has announced a revised Budget 2016. Clearly, it was a tough job to further decorate the budget so that it doesn’t sound too gloomy. When Budget 2016 was unveiled in Parliament last October, the crude oil price was at US$48 (RM199) per barrel. Today, it stands at US$35 (RM145), after […]
... written on Jan 29 2016During the 1997-98 Asian Financial Crisis, then-Prime Minister Mahathir Mohamad went berserk and accused everyone except himself for bankrupting corporations in Malaysia. He tried to bailout his cronies, including his own eldest son Mirzan Mahathir’s Konsortium Perkapalan Bhd which had accumulated RM1.6 billion in debt. But there wasn’t enough money to go around. Outrages, Mahathir […]
... written on Jan 27 2016With less than 2-week to go before people abandon capital Kuala Lumpur and rush back for the Chinese Lunar New Year (CNY) festival, mega sales are everywhere in town. Pre-CNY has always been an interesting point to gauge the domestic economy, especially the Malaysian ethnic-Chinese. After all, the government always accuses the Chinese of dominating […]
... written on Jan 26 2016
