Finance and Economy
China’s sudden reversal of its “Zero-Covid” policy has taken the world by storm. After micromanaging the Coronavirus pandemic for nearly 3 years, what actually caused the leadership of Xi Jinping to abandon the policy once hailed as proof of Beijing’s competency in containing the virus? Some said the Chinese president was finally convinced that it’s […]
... written on Dec 29 2022Supply chain shortages and the rising cost of doing business, as well as drought and interest rate hikes are some of the factors that contributed to food crisis this year. But if you think food shortages and high prices will magically disappear next year, think again. American farmers believe 2023 could be even worse, after […]
... written on Dec 27 2022Many had never imagined Anwar Ibrahim would finally become the 10th Prime Minister of Malaysia last month. After all, he had been PM-in-waiting for 24 years – since 1998 when he was stunningly sacked by then-PM Mahathir Mohamad. In total, Anwar was persecuted with three prison sentences and 11 years in jail before walked free […]
... written on Dec 26 2022Federal Reserve Chairman Jerome Powell isn’t sure if a recession will hit the United States next year, even though many believe it has actually started already. But he is sure about one thing – the inflation has been hitting the world’s biggest economy since the beginning of the year. So, his immediate task is to […]
... written on Dec 17 2022For decades, the parasites have been leaching off people’s hard-earned money because they were part of a group called “political appointees”. They were everywhere – companies under the Minister of Finance Incorporated (MoF Inc), government-linked companies (GLCs), government-linked investment companies (GLICs), statutory bodies, listed and unlisted companies, and even universities. Exactly how many appointees […]
... written on Dec 15 2022Sanctions on Iranian and Venezuelan oil have forced the lucrative commodity to be traded in the black market. If the plan was to punish and topple the dictatorship of both countries, the Western powers have failed miserably. The sanctions on Russian oil have only made the situation worse- triggering an energy crisis which led to […]
... written on Dec 13 2022From Oscars to dignitary visits, the red carpet rolled out going back at least a century symbolizes glamour, power and royalty. In Saudi Arabia, there’s another colour that is associated with royalty – “purple”. The purple represents the colour of the kingdom’s deserts and plateaus in the spring, where the violet-lavender flowers blossom in the […]
... written on Dec 09 2022When Muhyiddin Yassin confronted Prime Minister Najib Razak over the infamous 1MDB scandal in 2015, he was sacked. However, the former deputy prime minister did not go against his boss because he was disgusted with the corruption and money laundering involving the 1Malaysia Development Bhd sovereign funds. Rather, power-hungry Muhyiddin saw an opportunity. Muhyiddin […]
... written on Dec 07 2022Effective Monday (Dec 5, 2022), the West has slapped a price cap on Russian oil at US$60 per barrel. Designed by the Group of Seven (G7) to limit Moscow’s revenues from oil exports so that it would cripple its ability to finance the ongoing Ukraine War, the price cap means Russia can export crude oil […]
... written on Dec 06 2022Prime Minister Anwar Ibrahim was scheduled to unveil his highly anticipated cabinet at 5pm on Friday (Dec 2). Media have been well prepared for the press conference. The PM, having met the Yang di-Pertuan Agong (King) for nearly an hour in the morning, had arrived at the administrative capital of Putrajaya – Perdana Putra – […]
... written on Dec 04 2022
