Finance and Economy
After a record 12-session consecutive declines, oil prices finally finished higher on Wednesday last week. But it could only crawl up for 3 days before giving up. That’s not a very convincing bull after the black gold plunged about 25% since early October, essentially entering the bullish market. The commodity won’t enter a bull market until […]
... written on Nov 20 2018Sorry Folks, None Of Goldman Sachs Bankers Will Go To Jail – They’re Untouchable White Collar Crooks
Attending the 33rd ASEAN Summit, Mahathir Mohamad, the world’s oldest prime minister has been having fun condemning everyone he does not like – including Myanmar’s Aung San Suu Kyi and US President Donald Trump. But the biggest culprit the 93-year-old Prime Minister of Malaysia has criticised was the 149-year-old bank Goldman Sachs. He said bankers […]
... written on Nov 14 2018For as long as one can remember, the previous Barisan Nasional government didn’t care if smart people decided to pack their bags. There were at least 10,000 Malaysians of various ethnic background migrated to Australia in 2016. In June 2014, there were already a staggering 154,000 Malaysia-born in Australia. But Australia wasn’t the only attraction […]
... written on Nov 13 2018Singapore Prime Minister Lee Hsien Loong suggested on Sunday a general election may be called next year. Calling a general election by 2019, more than a year before his government’s mandate ends in January 2021, means something is brewing for the premier who makes S$2.2 million (US$1.6 million; £1.2 million; RM6.7 million) a year. While […]
... written on Nov 12 2018WTI Crude prices dropped for a ninth consecutive session on Thursday, essentially falling into a bear market, and it could get worse. In fact, the U.S. oil prices have plunged over the last 5 weeks since early October. And if the U.S. oil benchmark continues to drop like a rock in a “ferocious” bear market, […]
... written on Nov 09 2018You know Donald Trump is in trouble when the boastful president suddenly said he wished he had taken a softer tone in his first two years as POTUS (President of the United States), just before the Democrats snatch the House of Representative from the Republicans. But it’s too late to have regrets as voters have […]
... written on Nov 07 2018Just because he grew his beard to look like a holy Muslim man, doesn’t mean Musa Aman can claim innocence under the rule of law. He might escape punishment for his past corruption practice, had he lived in Afghanistan. But under the new government of Pakatan Harapan, his alleged corruption in connection with timber concessions […]
... written on Nov 06 2018For as long as one can remember, Utusan Malaysia, the country’s oldest Malay newspaper had been an obedient propaganda machine of the Prime Minister of Malaysia, who happened to be the president of UMNO, the dominant political party calling the shot behind the Barisan Nasional coalition government. Everything turns upside-down after the May 9th general […]
... written on Nov 05 2018With less than 6 months since the Pakatan Harapan coalition won stunningly the 14th general election on May 9th, the new government’s “Budget 2019” presented on Friday was equally stunning. Considering they have only a short time to investigate, discover, expose and recover every penny available after looted by the previous government, they have indeed […]
... written on Nov 05 2018Goldman Sachs, the 149-year-old American investment bank, raised nearly US$6.5 billion in three bond sales between 2012 and 2013 for 1MDB (1Malaysia Development Berhad). More than US$2.5 billion raised from these bonds was misappropriated by high-level 1MDB officials, their relatives and associates, according to U.S. Department of Justice civil lawsuits filed in a U.S. court […]
... written on Nov 02 2018
