Taxes
Emboldened by America’s economic strength and China’s economic slowdown, President Donald Trump has thrown his challenge again by declaring that his administration will impose 10% tariffs on US$200 billion worth of Chinese imports, scheduled to go into effect on September 24th (next Monday). The tax will then skyrocket to 25% beginning January 1st, 2019. […]
... written on Sep 18 2018Skinning Muhammad Shafee bin Muhammad Abdullah appears to be easier than initially thought. Yes, remember when we said there are many ways to skin a cat? Well, this fat cat called Shafee, supposedly Malaysia’s top lawyer and a man of many talents – being defence counsel and prosecutor at the same time – has finally […]
... written on Sep 13 2018When a Malaysian Chinese has a brilliant idea tomorrow, the nearest place he or she will go is, sadly, Singapore. That’s because if the idea becomes a huge success and generates tens of millions of dollars in profit, the owners will be forced to give away 30% to Malaysian Malays or Bumiputra (son of soil) […]
... written on Aug 20 2018Mahathir’s fetish for national car projects is commendable, even applaudable, if today is 1983. Unfortunately, it’s been 35 years since “PROTON” was established in a mind-boggling venture – automobile design, manufacturing, distribution and sales. Subsequently, a second national car project – Perodua – was hatched in 1993, although solely in rebadging business. Now, the defiant […]
... written on Jul 31 2018United States registered a sterling GDP growth of 4.1% in the second quarter, arguable its best since 2014. The number matched expectations from economists. Four years ago, Obama saw 4.9% rise in gross domestic product in the third quarter of 2014. Besides the good news, the U.S. Commerce Department revised its first-quarter reading up from 2% […]
... written on Jul 29 2018The credit should go to the Hindraf uprising in 2007. The ethnic-Indian started the ball-rolling to the eventual collapse of Barisan Nasional (BN) coalition government, after ruling for 61 years since independence in 1957. The ethnic-Chinese were dumbfounded by the sudden Indians rebellion. They suddenly realised the basic foundation of defeating the enemy – stays […]
... written on Jul 25 2018Earlier this month, the United States imposed tariffs on US$34 billion worth of Chinese imports. President Trump it was a punishment for Chinese theft of IP (intellectual property) and other unfair trade practices. Amusingly, Trump warned China not to retaliate. Immediately on the same day, China did exactly that – slapping taxes on the same […]
... written on Jul 21 2018European Union (EU) had a trade surplus of 120 billion Euros (US$139.6 billion) with the U.S. in 2017. The most exported product from the EU to the U.S. is cars. Hence, Trump doesn’t need to become a rocket scientist to know where to hit the Europe. When the U.S. president threatened to target European cars with […]
... written on Jul 05 2018Mahathir almost didn’t make it. The urbanites – regardless of ethnic-Chinese, ethnic-Malay or ethnic-Indian – understood ex-prime minister Najib Razak’s thievery in 1MDB scandal. There was little doubt that those educated urban people were anxious to vote Najib out. The rural people, especially the village Malay folks, however, didn’t understand one bit about 1MDB at […]
... written on Jun 27 2018Make America Great Again, or simply MAGA, was Donald Trump’s 2016 presidential campaign slogan. It was a great success. Defying all odds, Trump emerged as the 45th President of the United States of America. About 15,000-km away, Najib Razak, whose obsession with American presidents is an open secret, wanted to copy the campaign. It […]
... written on Jun 21 2018
