Finance and Economy
When the Dow tumbled more than 500 points yesterday, the worry and concern that the largest economy powerhouse may collapse reappears. Frankly, it isn’t that difficult to imagine that the U.S. dollar may collapse due to the huge debts and deficits. Historically there are many examples on how hyperinflation drove a country to total disarray. […]
... written on Aug 06 2011Chaos ruled the trading floor when investors sold their stocks in a big wave triggering what appears to be the worst stock-market selloff since the middle of financial crisis in early 2009. Both Dow Jones and S&P-500 dropped more than 4% while the Nasdaq lost 5% on fear that the still-trying-to-recover United States may hit […]
... written on Aug 05 2011The world’s tallest building, reaching an astonishing 1,000 metres (1 km) above the ground, will be built in Jeddah, Saudi Arabia. The oil-rich kingdom has announced that the building, Kingdom Tower, costing $1.2 billion to construct will have a Four Seasons hotel, serviced apartments, luxury condominiums and offices – will cover about 530,000 square metres […]
... written on Aug 04 2011My article titled “Resign or Snap Election for Najib, Here’re the Reasons” (read here) is perhaps one of the most visited page ever, sending my traffic skyrocket almost 30-fold. For the same reason, I couldn’t blog for a couple of days simply because I couldn’t login as it kept giving database connect error, though the […]
... written on Aug 02 2011Dr. Colin Lee Soon Soo, the founder and former managing director of TMC Life Sciences Bhd (KLSE: TMCLIFE, stock-code 0101) has set up his own new fertility center after sold all his 120.4 million shares (at RM0.52 a share) in TMC to Singapore billionaire Peter Lim Eng Hock. This is an expected move since he […]
... written on Jul 30 2011With less than 100 hours (Aug 2) before the world’s largest economic powerhouse, United States of America, is set to default on its debt obligations or otherwise, the global stock markets are trembling with fear. It’s very unlikely but should it happens, the U.S. economy may tumble by 5% and the stock market may drop […]
... written on Jul 29 2011As much as I would like to stop writing about PM Najib administration, the plot just got interesting and I think he may just hit the bull’s eye as far as my prediction that his downfall may be faster than his predecessor, Abdullah Badawi, is concerned. Compared with Najib, Badawi now seems like a cute […]
... written on Jul 23 2011First, the bad news – the global economy may not recover to its glory time anytime soon as the U.S. economy is getting really choppy with stubborn unemployment, not to mention the risk of another round of recession. The good news – the global wealth increased by 8% last year to reach a record of […]
... written on Jun 13 2011On 31-Mar-1993, Tenaga Nasional Berhad (TNB), Malaysia’s main energy provider and a government-linked company signed a 21-year Electricity Power Purchase Agreement (PPA) with IPP (Independent Power Producers) Yeoh Tiong Lay Corporation Bhd. (YTL). This was the first PPA ever signed by TNB with an IPP license for the Paka and Pasir Gudang Power Stations. Very […]
... written on Jun 02 2011Prisoners at the labour camps in China are going high-tech – breaking rocks and digging trenches in the open cast coalmines through days but playing online games at night. These prisoners worked 12-hour shifts in the camp earning 5,000 – 6,000 renminbi (US$770 – US$920) a day playing addicted games such as World of Warcraft. […]
... written on May 27 2011
