Finance and Economy
Depending on when you were born, you either love or hate Lee Kuan Yew. The first Singapore’s prime minister passed away at the Singapore General Hospital today at 3.18am, aged 91. Mr Lee, whose health rapidly deteriorated after his wife died in 2010, was in the hospital for nearly seven weeks with severe pneumonia. Born […]
... written on Mar 23 2015Levi’s® committed to making quality jeans that should last longer “than most peoples’ waist lines,” – a bold claim made by Levi Strauss & Co. CEO, Chip Bergh, some time in May last year. If we’re still in the age of “Cowboy Boots with Levi’s Jeans”, then there’s little question about the infamous jeans durability and […]
... written on Mar 20 2015Federal Reserve Chair Janet Yellen should just resign and let others take over the position. It seems she couldn’t stomach the pressure that comes with one of the most powerful jobs in the world. Is she an equally great liar and a lame duck, just like empty vessel President Obama, who nominated her? Otherwise how […]
... written on Mar 19 2015Starbucks is a US$70 billion company. Its currect stock price is at historical high. Starbucks has reported record revenues of US$16.4 billion (11% growth) in financial year 2014. The company also invested a staggering US$233 million in healthcare benefits and US$210 million in Bean Stock for the same financial year. However, Howard Schultz, chairman and […]
... written on Mar 19 2015When you were told to get ready for US$30 a barrel of oil price 4-months ago (December 2014), you probably had freaked out. By last month, however, you might have had laughed off the idea, since the crude oil (WTI) rallied from roughly US$44 to US$54 a barrel. Today, you may kick yourself, if you […]
... written on Mar 16 2015Frozen was an absolute smash hit for Disney. It grossed a whopping US$1.27 billion (£850 million; RM4.7 billion) in global ticket sales, beating another Disney/Pixar animated film – Toy Story 3 – which grossed US$1.063 billion in 2010. Instantly, Frozen becomes the highest grossing animated film ever. But there’s more. While Toy Story required a […]
... written on Mar 13 2015When Steve Jobs launched the first iPhone in 2007, everyone was crazy and wanted a piece of it. Understandable, it was an iPod, phone and internet glued together into one. Later, when Steve Jobs introduced the first iPad in 2010, everyone was equally crazy and wanted a piece of it. Understandable, it was a device […]
... written on Mar 10 2015This year marks approximately 100-year Coca-Cola got into its shape. No, we’re not talking about how long Coke was in the market. It was invented more than 100-year ago in 1886 by John Pemberton, and subsequently bought by businessman Asa Griggs Candler. Of course, Mr Asa made crazy truckloads of fortune selling Coca-Cola. Surprisingly, Coca-Cola […]
... written on Mar 09 20151MDB financial scandal has accumulated a mind-boggling RM42 billion in debt. This easily qualifies it as the biggest scandal in the history of Malaysia. But why kill the goose that lays the golden egg – asked Federal Territories Minister Tengku Adnan, who happens to be one of prime minister Najib Razak’s bootlickers. If RM42 billions […]
... written on Mar 08 2015Warren Buffett’s 50th letter to Berkshire Hathaway shareholders has just been released. Despite being a non-dividend stock, thousands of Berkshire shareholders look forward to the company’s annual letter, as if it’s the last love letter before a worldwide apocalypse. Buffett is a non-believer in paying dividend to shareholders, argues that reinvestment is a better use of […]
... written on Mar 04 2015
