Taxes
She used to talk big during the contest for the job. Wannabe Prime Minister Liz Truss said that she was ready to use nuclear weapons, even though it would mean global annihilation, winning applause from Tory party members. She was, of course, trying to project strength when challenged with a hypothetical situation facing Russia’s threat […]
... written on Oct 22 2022Before then-Foreign Secretary Liz Truss won the confidence of the ruling Conservative Party to become the United Kingdom’s next prime minister, she was vigorously campaigning on the anti-China platform. Both she and former Chancellor of the Exchequer Rishi Sunak were competing with each other to win the anti-Chinese contest. She beat Sunak by 81,326 to […]
... written on Oct 03 2022India is the world’s top rice exporter, accounting for 41% of the global rice trade. Its total rice exports in the world last year (2021) reached 21.5 million tonnes – more than the total shipment from the next four biggest exporters – Thailand, Vietnam, Pakistan and the United States – combined. Rice is the staple […]
... written on Sep 20 2022We had warned last month (Aug 22) that the worst is not over yet – the inflation and recession are still alive and the global economy is still in bad shape. However, even after the Dow Jones dropped more than 600 points that day, many investors did not learn the lesson. They thought the inflation […]
... written on Sep 14 2022Since taking over in August last year as Malaysia prime minister, Ismail Sabri Yaakob had made overseas trips a whopping 11 times. That’s about one trip every month since the unelected backdoor premier replaced former PM Muhyiddin Yassin, who was forced to resign after just 17 months in the corridors of power – toppled by […]
... written on Jul 06 2022Trapped In RM80 Billion Subsidy – A Result Of “Ketuanan Melayu” Racist Policy, Corruption & Nepotism
Finance Minister Tengku Zafrul Tengku Abdul Aziz said the subsidy bill for this year (2022) is expected to hit RM77.3 billion – the largest in the history of Malaysia. The subsidy included petrol, diesel, liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour and electricity (RM9.7 billion), Bantuan Keluarga Malaysia (BKM) (RM11.7 billion), and […]
... written on Jun 27 2022By now, it’s crystal clear that the Federal Reserve isn’t always right. The Fed, the most powerful economic institution in the United States or even the world, has two jobs – keep inflation under control and maximize employment. To do that, its core responsibilities include setting interest rates, managing the money supply, and regulating financial […]
... written on Jun 13 2022You know this country is in serious financial trouble when Prime Minister Ismail Sabri floats the crazy idea of restoring GST (Goods and Services Tax) in the middle of global inflation. Either he was extremely desperate because the national coffers are already empty, or he had no idea that Najib Razak’s advice to re-introduce the […]
... written on Jun 04 2022Finding a piece of “roti canai” or a small glass of “teh tarik” at RM1 each, even in the remotest area is extremely difficult, if not impossible. Roti canai – a piece of round plain flat bread – is essentially one of Malaysia’s favourite dishes that is cheap and good for breakfast, lunch and even […]
... written on May 30 2022Crude oil hit more than US$130 a barrel after Russia launched its so-called special military operation in Ukraine. But crude oil was not the only commodity which skyrockets after the invasion. Sunflower oil, the world’s third most traded vegetable oil after palm and soybean oil, also hit the roof. Worse, Ukraine and Russia accounts for […]
... written on May 14 2022
