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Artificial Intelligence (AI) chip maker Nvidia has been minting tonnes of millionaires among its 30,000 employees. The nearly US$3 trillion company generated US$27 billion in revenue in its fiscal 2023. Then, something spectacular happened. Nvidia revenue for the 12 months ending July 31, 2024 skyrocketed to US$96.31 billion – a 194.69% increase year-over-year. The […]
... written on Sep 06 2024Japan’s Nikkei lost a staggering 4,451 points on Monday (August 5) – the biggest drop in history. That’s more than 12%, dragging the country’s stock market losses to 25% since early July. The biggest one-day drop means the index is entering the bear market. It instantly brings back the memory of “Black Monday” in October 1987, […]
... written on Aug 06 2024TikTok has about 170 million users in the United States, its biggest market outside of China. Its revenue was around US$20 billion last year. Founded in 2012 by entrepreneur Zhang Yiming, TikTok owner ByteDance reportedly had a private valuation of between US$105 billion and US$110 billion in May 2020, making it the most valuable start-up in […]
... written on Mar 15 2024For financial year 2023, the EPF (Employees’ Provident Fund) or KWSP has announced higher dividend for both Conventional savings (5.5%) and Syariah savings (5.4%). In previous year (2022), EPF had declared 5.35% and 4.75% dividend rates for Conventional and Syariah respectively. However, despite higher dividends for last year, suspicion arose over its distributions. While […]
... written on Mar 05 2024Perikatan Nasional, comprising two major forces – Malay nationalist party Bersatu and Islamist party PAS – captured 4.7 million votes (30.12%) in the November 2022 General Election, where 99% were Malay votes. Crucially, the Malay-centric political parties won 80% of Malay vote bank. Fortunately, despite grabbing 74 seats in the 222-seat Parliament, it was not […]
... written on Nov 23 2023Gina Raimondo was the fourth high-level U.S. official to visit China this summer, suggesting that Washington is placing great importance in the country. But she is the first U.S. Commerce Secretary to travel to the country in five years. Hilariously, like her colleagues, Raimondo tried to lecture Beijing about national security, labour, business, economy and […]
... written on Sep 06 2023When Biden took office, the U.S. inflation was only 1.4% while the gasoline price was US$2.39 per gallon. Today, inflation is at 6.4% and the gas is US$3.47. And that was after pumping trillions of dollars into the financial system to make sure the system did not crash. After bailing out Silicon Valley Bank, the […]
... written on Mar 15 2023After royal decrees from the Sultanate of Selangor, Perak and Johor banning politicians from using mosques to deliver religious lectures or “ceramahs” – which are actually political propaganda – Sultan Mizan Zainal Abidin becomes the latest monarch to do so. The order was issued in a statement on March 3 by MAIDAM (Terengganu’s Islamic Religious […]
... written on Mar 06 2023For the sixth consecutive year, Japan topped the list of the most powerful passports in the world in 2023. But it’s wrong to think the Japanese passport, which allows its holders to visit 193 of 227 destinations visa-free, is the best boutique. Travellers and entrepreneurs trying to find a “one-stop shop” to become a global […]
... written on Mar 03 2023Twitter has a new boss – world’s richest man Elon Musk. With a net worth of US$191.2 billion on Forbes’ Real-Time Billionaire List, the social media platform becomes his latest toy after splashing US$44 billion. His obsession with Twitter has triggered speculations about his motives. Many thought he wants to advance a hard-right political agenda. […]
... written on Nov 27 2022
