Finance and Economy
China announced on Tuesday that its 2015’s economy grew 6.9%, matching economists and analysts’ expectation. The problem is nobody believes the Beijing-endorsed figures. That wasn’t the real economy – argue investor, economist, analyst and specialist. China has simply cooked a number that people wanted to see and hear. Instead, they believe China’s National Bureau of […]
... written on Jan 20 2016Remember the unbelievable predictions that crude oil would go to US$10 / barrel (cheaper than water) and gasoline would go for US$1 / gallon? Well, forget them because it’s already happening even though officially the crude WTI and Brent are trading above US$20 / barrel. However, the fact that both crude oil prices have gone […]
... written on Jan 19 2016On October 17, 2015, a robbery in an elevator in Prima Setapak Condominium raised eyebrows after 24-year-old Ms. Lim Lian Lee was robbed. But what made the robbery brutal was how she was elbowed, slammed, kicked as if it was a wrestling match. Clearly Lim was no match for the robbers – 2 men – […]
... written on Jan 14 2016Are you in the oil and gas (O&G) industry? If you’re, then you should know that your job is on the line. Once a prestigious job where the pay, bonus and perks were the envy of your schoolmates, jobs with giant O&G company aren’t that secure anymore. British BP announced plans on Tuesday to slash […]
... written on Jan 13 2016David Bowie, the legendary British rocker, died Sunday after an 18-month battle with cancer. Aged 69, he died 2-day after his birthday, when his album “Blackstar” was released. Bowie’s son, Duncan Jones, tweeted to confirm the news. His new album includes the song “Lazarus,” which begins with the words – “Look up here, I’m in heaven.” If […]
... written on Jan 12 2016Gas at US$2 was what people were screaming and hoping for last year. Today, the average price of gasoline in the United States is below US$2 a gallon, or US$1.967 / gallon to be precise. While some Americans, depending on their geographical location, are rejoicing over the lower gasoline price, some are betting and praying […]
... written on Jan 11 2016First, the good news – China didn’t use the word “devaluation” like it did back in August 2015. The bad news – China secretly devalues its Yuan / Renminbi and as a result everything you could think of – stock markets, currency exchange and even oil prices – is going haywire. China’s central bank […]
... written on Jan 07 2016North Korea announced on Wednesday that it had successfully tested a “miniaturized” hydrogen bomb, whatever that means. We’ve read and seen miniature donut, furniture or even the Great Wall of China but seldom or never a miniature hydrogen bomb. World leaders have condemned fat boy Kim Jong-un for playing with the delicate toy. But […]
... written on Jan 07 2016Do you have credit cards? Sure. How on earth can we live without credit cards nowadays? Even President Barack Hussein Obama has one, although embarrassingly his credit card was turned down at a posh New York restaurant, rumoured to be Estela restaurant in Manhattan, forcing First Lady Michelle to pick up the tab in Oct […]
... written on Jan 05 2016According to Chinese astrology, 2016 is the Year of the Fire Monkey where the Lunar New Year or Chinese Spring Festival will be celebrated on Feb. 8, 2016. Technically, it is still the Year of the Sheep until Feb. 7, 2016. But it seems the mischievous monkey couldn’t wait and has started playing with fire. If […]
... written on Jan 04 2016
