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At the rate Boeing is trying its best to demonstrate how parts can fall off from the sky, it may not be long before China’s first homegrown jet maker COMAC starts eating its lunch. After Singapore Airshow, the Chinese manufacturer is scheduled to show off its C919 and ARJ21 in Malaysia on March 12, as […]
... written on Mar 10 2024With 35 years experience under his belt in the public service, Dr Ammar Abdul Ghapar was one of Malaysia’s 1.7 million lucky bloated civil servants. Untouchable due to his skin colour, he was promoted as the new director general of Tourism Malaysia on April 12, 2023. But he mistook his promotion as recognition of his […]
... written on Feb 25 2024Malaysia is in financial deep shit, but most of its 33 million populations especially the largest ethnic group – Malay – doesn’t realize it. The fact that 80% of the Malay voters chose Perikatan Nasional, a coalition comprising Malay nationalist Bersatu and PAS Islamist parties that subscribe to radicalization and extremism, speaks volumes about the […]
... written on Feb 14 2024As fast-food industry continues to see a surge in child labour violations across the United States, such as McDonald’s and Chick-fil-A, the poor become poorer while the rich become incredibly richer. The latest Oxfam report says the planet’s five wealthiest persons have seen their fortune more than doubled to US$869 billion since 2020 while five […]
... written on Jan 15 2024The Christmas rally came early for the Wall Street after Dow Jones reached a record high above 37,000 on Wednesday after the FOMC (Federal Open Market Committee) indicated it may cut rates three times next year. The unanimous decision means the interest rate or the benchmark overnight borrowing rate will remain in the range between […]
... written on Dec 14 2023Perikatan 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 2023Refomasi! Refomasi! Refomasi! These were the cries in every rally by our current Prime Minister, Yang Amat Berhormat Dato’ Seri Anwar bin Ibrahim all these years till he became the PM nearly a year ago. However, since forming the government between PH and BN, all the cries seem to have fizzled out and sometimes […]
... written on Oct 12 2023Biden’s game to cripple the Chinese semiconductor industry was simple – prevents China from getting the world’s most advanced chips. At the same time, he signed an executive order last August to boost the U.S. competitiveness with a whopping US$52.7 billion subsidy in semiconductor manufacturing and research. The goal was to kill China without killing […]
... written on May 09 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 2023Silicon Valley Bank (SVB) said on Wednesday (March 8) that it would like to raise some funds – US$2.2 billion to be precise. Investors as well as venture capitalists were surprised that the bank – 16th biggest in the United States, with US$209 billion in assets – suddenly needed so much money. Within 48 hours, […]
... written on Mar 13 2023