Scandal
HSBC is still undecided if they should move headquarters to Hong Kong, after months of meeting, brainstorming and consideration. The Europe’s largest lender, however, has decided something for the year 2016 – to freeze hiring and salaries – globally. An email sent to HSBC employees on Friday detailing the latest cost-cutting has apparently leaked to […]
... written on Feb 01 2016Ever since the demise of (old and original) UMNO and the creation of UMNO Baru (new UMNO as it is known today) by former Prime Minister Mahathir Mohamad after the 1988 Malaysian Judicial Crisis, the political party has been producing anything but clean and good leaders. Mahathir was a dictator. Badawi was a sleeping queen. […]
... written on Feb 01 2016Nobody dared bet A.G. Apandi would be neutral and professional on Najib Razak’s alleged involvement in 1MDB’s RM42 billion scandal, RM2.6 billion “private donation” or SRC’s RM42 million mysterious money, let alone charge the prime minister with corruption or money laundering. After all, it was Najib who offered the 65-year-old retired ex-judge the job. […]
... written on Jan 28 2016Najib Razak self-proclaimed that the RM42 billion scandal involving his pet project 1MDB was over before the unleashing of New Year 2016 fireworks. So did 1MDB President Arul “Anaconda” Kanda. Was it really over? Going by today’s exchange rate, 1MDB’s US$11 billion in debt have ballooned to a whopping RM48 billion. Najib’s second scandal, […]
... written on Jan 21 2016Germany survived two world wars but it can’t survive Merkel. That joke is slowly becoming a reality as frustrated Germans have taken to the Facebook, forming “Dusseldorf is Watching” group, and so far has recruited 4,000 members, and counting. Their slogan – “One for All, and All for One”. Their mission – “To Protect Our Ladies Future”. […]
... written on Jan 08 2016If 2014 was the year of Malaysia Airlines where it lost two Boeing 777s, one disappeared while another shot down; the year 2015 is definitely the year of Prime Minister Najib Razak. The prime minister’s multi-billion dollar scandals easily eclipse any other financial scandals one could imagine in the history of the country, including Mahathir’s. […]
... written on Dec 29 2015Christmas is just around the corner and stock markets have already started its yearly window dressing. Now is perhaps the best time for you to take some money off the table, if your portfolio is making good money. However, there’s one very prosperous country in ASEAN which disallows people from celebrating Christmas. Oil-rich Brunei has […]
... written on Dec 23 2015Do you remember what you were doing on June 29, 2006? That was close to 10-year ago and you could probably still schooling. But that was when the Federal Reserve pushed the key rate to 5.25%, for a 17th straight time since June 2004, and the last time before they do it again almost 10-year […]
... written on Dec 19 2015On 3rd Dec, 2014, gasoline was selling as low as US$1.98 in the United States. An Oncue Express station in Oklahoma City was selling the gasoline for US$1.99 a gallon, the first one to drop below US$2 in the U.S. since July 30, 2010. That was roughly about £1.27 or RM6.86 a gallon (3.785 litres). In terms of […]
... written on Dec 13 2015Five months ago, China did the unthinkable – “Yuan Devaluation“. President Xi Jinping was facing multiple problems back then. The Chinese stock market crashed 30% within 3-weeks. His enemy, former leader Jiang Zemin, was plotting against him by systematically selling shares in an attempt to further depress the stock market. China’s economy was virtually going […]
... written on Dec 10 2015
