Taxes
Many people in today’s business industries designate their 401k benefit as a retirement. But these plans face exceptional risk with exposure to things like inflation threatening account holder’s funds. Without a diverse mix in the portfolio, there’s little protection for what you’ve worked so hard to accumulate. As people develop an understanding, whether through […]
... written on Apr 05 2021On Friday (March 26), China’s Ministry of Commerce announced that import duties between 116.2% and 218.4% will be imposed on Australian wines effective Sunday (March 28). The massive tariffs arrived after the ministry concluded that domestic wine industry had been hurt by the dumping of cheap Aussie wine. Worse, the anti-dumping punishment will last for […]
... written on Mar 26 2021On Monday (March 22), the United States, United Kingdom, European Union and Canada imposed sanctions on some Chinese officials for human rights abuses in Xinjiang region. The move was part of a coordinated action against Beijing by the U.S. and its allies under newly crowned U.S. President Joe Biden. But it appears Beijing was prepared for such […]
... written on Mar 23 2021Treasury Wine Estates is the world’s largest listed winemaker with total revenue of A$2.88 billion in 2019. The Australian company, with a market value of US$7.32 billion, operates in Australia and New Zealand, the Americas, Asia, Europe, Middle East and Africa. Headquartered in Melbourne, Treasure Wine’s business is in the production and marketing of wine. […]
... written on Feb 17 2021China, despite a trade war with the economic superpower United States and a pandemic war with Covid-19, has been expected to register a positive economic growth in 2020. Every single analyst, economist, think tank or financial institution knew that despite being the first country hit by Coronavirus, the Chinese economy would grow by at least […]
... written on Jan 28 2021Last month, China stunningly disqualified four pro-democracy Hong Kong lawmakers from its legislature for not being patriotic enough. Apparently, Beijing passed a resolution allowing the city’s government to bypass the courts and dismiss any politicians deemed a threat to national security. In response, all of the Hong Kong’s opposition lawmakers announced their resignation. Effectively, for […]
... written on Dec 22 2020Aarustralia’s A$14 billion coal industry is expected to be affected with an export ban to China and a terribly upset Prime Minister Scott Morrison said the decision by Beijing would be a “lose-lose” for the environment and trading relationship. Morrison argued – “It really is a lose-lose because coal from other countries, compared to Australian […]
... written on Dec 15 2020When a crook like Najib Razak proposes something, just do the opposite and it should be the best solution. The former premier’s insistence, or rather blackmails without which he threatened to withdraw his support for the fragile backdoor Muhyiddin government, that EPF members must be allowed to withdraw up to RM10,000 as part of Covid-19 […]
... written on Nov 30 2020Why don’t poor countries just print more money? Likewise, why can’t the central bank print money and give the free cash to the people who have become jobless or under-employed due to Covid-19 pandemic? Those are excellent questions – if came from a curious kid. But coming from a deputy minister, it could only mean […]
... written on Nov 21 2020Australia was hoping that by signing the China-backed Regional Comprehensive Economic Partnership (RCEP) deal on Sunday, it will automatically fix, or at least improve the country’s strained relations with China. If only it was so easy. It would take more than an insignificant deal like RCEP, of which the direct economic benefits are limited, to […]
... written on Nov 19 2020
