Taxes
One of the important goals President Donald Trump decided to launch a trade war with China last year was to narrow the trade deficit gap. He promised during his presidential campaign and after he entered the White House that he would seek to reduce massive U.S. trade deficits with China. However, based on the latest […]
... written on Jan 15 2019Apple – America’s first trillion-dollar company – is now worth only US$720 billion. The technology giant recently revised its first quarter sales forecast downward, blaming the global economic slowdown, Trump’s trade war and a slowdown in the Chinese market. CEO Tim Cook should blame the company itself instead for greedily raising the iPhone prices. […]
... written on Jan 13 2019How will the economy be in 2019? Most analysts, economists, bankers and even speculators have the following forecasts – slowdown, bearish, uncertainty and even recession. Even if the world could avoid a recession next year, it will eventually come the subsequent year in 2020. Those who believe in the 10-year cycle, however, think the 2019 […]
... written on Dec 18 2018Dow Jones Industrial Average (DJIA) futures skyrocketed 463 points after the world’s two biggest economies – United States and China – agreed to a ceasefire on their bilateral trade war at the G-20 summit in Argentina. Stocks in Asia, as do commodities like oil and copper, also jumped higher on hopes a possible new China-U.S. […]
... written on Dec 03 2018As President Donald Trump embarks on a record sale of Treasury bills, notes and bonds to pay for its big tax cuts and spending, the United States hopes foreign buyers would scramble to get a chunk of American I.O.U. papers. Sadly, foreign investors appear to give a pass on the U.S. debt securities. And this […]
... written on Nov 28 2018Singapore Prime Minister Lee Hsien Loong suggested on Sunday a general election may be called next year. Calling a general election by 2019, more than a year before his government’s mandate ends in January 2021, means something is brewing for the premier who makes S$2.2 million (US$1.6 million; £1.2 million; RM6.7 million) a year. While […]
... written on Nov 12 2018With less than 6 months since the Pakatan Harapan coalition won stunningly the 14th general election on May 9th, the new government’s “Budget 2019” presented on Friday was equally stunning. Considering they have only a short time to investigate, discover, expose and recover every penny available after looted by the previous government, they have indeed […]
... written on Nov 05 2018The honeymoon is over and the reality is about to kick in. Malaysia is still in deep shit after 61 years under previous corrupt Barisan Nasional (BN) government. And thanks to ex-premier Najib Razak, the country has accumulated RM1 trillion of debts. That debt holes, unfortunately, needs to be filled by none other than 33-million […]
... written on Oct 10 2018Yesterday (October 3rd), there was two very powerful women in Asia who stole the world’s attention. One in China whilst another in Malaysia. One is absolutely gorgeous while the other incredible ugly. One used to be China’s highest-paid actress while the other was Malaysia’s most-powerful woman who walked the corridors of power. However, both […]
... written on Oct 04 2018Emboldened 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 2018
