Finance and Economy
Malaysian Ringgit has just hit another new high – RM4.2570 to one US dollar. Forget about what the specialists and experts say about the local currency. Didn’t someone tell you less than a month ago that ringgit is to trade between RM3.80 to RM4.10? Well, screw them because they know nuts about the actual financial […]
... written on Aug 24 2015Dow plunges 530.94 points on Friday. With more than 1,000-point drop this week, this was the largest weekly drop since Oct 10, 2008 for Dow. Crude oil prices briefly dropped below US$40 a barrel on Friday, the lowest seen since the financial crisis. The effect of devaluation of the Chinese Yuan has finally reached the […]
... written on Aug 23 2015Going by everything that we know so far about the Bangkok deadly bombing, Thai junta Chief Prayuth Chan-ocha seems to be as clueless as everyone on the street about what has hit the city. The Chinese embassy in Bangkok has slammed the local media for blaming the attack on Thai government’s deportation of 109 Uyghur […]
... written on Aug 20 2015Two months ago, Malaysia football team, once the best in Asia in the 1970s, suffered a humiliating defeat. Earlier in March, the supposedly ferocious “Harimau Malaya” team was tamed by Oman, beating the Malaysian team to a 6-0 defeat. But it was alright because Oman was a super rich country. But losing to Palestine […]
... written on Aug 20 2015First, the RM2.62 billion (US$696 Million) exposed in the private account of Malaysian Prime Minister Najib Razak was claimed to be a “donation”, courtesy of some rich Arabians. Then they changed the story that the free money was given by Saudi to Najib personally for “fighting ISIS”, never mind ISIS haven’t even proclaimed itself to […]
... written on Aug 19 2015Flashback: From a record low of RM2.10 to US$1 in October 1978, the Malaysian Ringgit hit its all time high of RM4.73 to US$1 in January 1998. Prior to the infamous Asian Financial Crisis, the ringgit was trading at about RM2.40 to a US dollar in 1997. Nobody could have predicted the type of economic […]
... written on Aug 17 20151MDB scandal is a blessing in disguise. Malaysians and the international community have learned more in the last 5-weeks than 50-years this country was under UMNO’s rule. People around the world were simply amazed and flabbergasted over how great a liar Prime Minister Najib Razak has demonstrated so far, not to mention the doses of […]
... written on Aug 16 2015Bank Negara Malaysia’s (Central Bank of Malaysia) governor – Zeti Akhtar Aziz – has finally revealed herself to the public since the mass “arrest, firing and hiring” exercise carried out by Prime Minister Najib Razak to “cleanse” himself from an allegation of pocketing a staggering RM2.62 billion (US$696 million) found in his personal account. […]
... written on Aug 13 2015The U.S. federal government is reportedly hit another record in tax collection. The first 10-months of United States fiscal year 2015 (Oct 1, 2014 through the end of July 2015) saw a mind-boggling tax revenues of US$2,672,414,000,000. The figure released by Treasury means a new record in federal taxes. In case you still couldn’t […]
... written on Aug 13 2015By now, you should know why we had screamed “The Chinese Are Coming!!” about three weeks ago. That’s because the China’s economy is crashing, for real. Xi Jinping administration has been fire fighting ever since the terrifying 30% crash within 3-weeks in the country’s stock market. It certainly doesn’t help if the allegations about internal […]
... written on Aug 12 2015
