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Unlike the economy of Abu Dhabi, the big brother and richest emirate in the seven-emirate United Arab Emirates (UAE), Dubai’s economy is not directly dependent on oil. Dubai depends heavily on luxury real estate, tourism, logistics, and financial services for revenues. However, Dubai’s economy s
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Singapore's economy almost came to a standstill in the second quarter of 2019, thanks largely to the US-China trade war. Its economy grew by merely 0.7% last year, down from 3.1% registered in 2018. In essence, it had been the slowest economic growth since the 2009 (when its economy expanded 0.1%)
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The big secret is out. Apparently 138 MPs (Member of Parliament) have signed statutory declarations (SD) for Mahathir Mohamad to serve a 5-year full term as Prime Minister of Malaysia. And since the news came from "The Star", an English-language newspaper established in 1971, it must be true. There
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During the Oscar last Sunday, Jeff Bezos, Amazon's founder, was in the epicentre of some naughty jokes. Comedians Steve Martin and Chris Rock mocked Bezos' jaw-dropping wealth - "He’s got cash. When he writes a check, the bank bounces. Jeff Bezos is so rich, he got divorced and he’s still the ri
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Opposition parties, especially UMNO Malay nationalist party and PAS Islamist party, appear to be still in hallucination. First, they said the new Pakatan Harapan coalition government will be a one-term government. Then, they said Pakatan will not last 1 year. Then, they said the coalition will colla
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As the death toll caused by the infectious Coronavirus continues to rise, the World Health Organization (WHO) has issued a warning that "trolls and conspiracy theories" are jeopardizing the response to the new virus. WHO said misinformation and fake news around the new strain, 2019-nCoV, causes “c
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Malaysian leader Mahathir appears to be a very angry man, or at least he pretends to be one. And when he's angry, he tends to ask people to resign. In 2008, he asked his own handpicked successor, (former) PM Abdullah Ahmad Badawi to step down from office. Mr. Badawi, who spent most of this time sl
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Thailand, Southeast Asia's second-largest economy, was on cloud nine last year. Its currency - Thai Baht - was the champion not only among ASEAN countries, but also in Asia. In fact, the currency has been the best performing since 2018 (not only 2019). The currency appreciated a whopping 8% against
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When her husband, former Prime Minister Najib Razak, was walking the corridors of power from 2009 to 2018, she had never once experienced any major health problem. Rosmah Mansor, self-proclaimed FLOM (First Lady of Malaysia), did not even suffer any minor injury or pain, let alone hospitalised for l
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As the deaths due to Coronavirus hit 427 people with 20,438 confirmed cases, global financial and business markets are increasingly affected by the epidemic. Crude oil is one of the commodities that has taken a serious beating. West Texas Intermediate (WTI) crude futures were trading below US$50 per
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October 9th, 2019 by financetwitter
Stock market plunged more than 300 points after it shows that the existing US-China trade war has become worse. In the run-up to high-level trade talks in Washington this week, relations have deteriorated between the world’s two-largest economies. Unlike in the past, it appears both Beijing and W [...]
October 8th, 2019 by financetwitter
After opposition parties UMNO Malay nationalist party and PAS Islamist party joined hands in a Muslim unity gathering last month, Prime Minister Mahathir Mohamad had no choice but to arrange a similar gathering just to show that his own Malay-based party (PPBM or Bersatu), too, is as Malay and Islam [...]
October 6th, 2019 by financetwitter
Chinese students are said to be quite brilliant in Mathematics. However, the level of proficiency varies widely among them. So while students from Malaysian SJKC Chinese vernacular school have a better grasp of Maths, they would struggle at Singapore's Maths, unless they learn Olympiad Maths. Still, [...]
October 4th, 2019 by financetwitter
If Mahathir unilaterally brings back the GST (Goods and Services Tax), it will be the clearest confirmation that the new government of Pakatan Harapan (PH) under his leadership is the world's greatest "U-Turn Government". And they will suffer the same defeat - guaranteed - in the next general electi [...]
October 2nd, 2019 by financetwitter
On the same day China shows off military might at the 70th anniversary parade, the United States stock market fell by nearly 350 points. On Tuesday (Oct 1), the Dow Jones Industrial Average (DJIA) finished lower - losing 343.7 points. But it had little to do with the Chinese revealing its nuclear ba [...]
October 1st, 2019 by financetwitter
In a speech commemorating the 70th anniversary of the Chinese Communist Party’s rule, Chinese President Xi Jinping has a message to his own 1.4-billion Chinese people, and the world, especially the United States - "There is no force that can shake the foundation of this great nation. No force can [...]
September 30th, 2019 by financetwitter
Today is 2019, not 1989 where Mahathir Mohamad ruled with an iron fist (for 22 years from 1981 to 2003). During his first stint as the Malaysian leader, Mahathir administration controlled the mainstream news media. The Internet was yet to exist, let alone social media. So newspapers and television w [...]
September 28th, 2019 by financetwitter
Inspector-General of Police Abdul Hamid Bador has condemned an individual, believed to be Puteri UMNO vice-chief Nurul Amal Mohd Fauzi, over some irresponsible statements related to a man shot dead by the police. The UMNO woman falsely claimed on Sept 25 that a man from Penang had run amok due to hi [...]
September 26th, 2019 by financetwitter
On Feb 21, President Donald Trump unleashed a tweet - "I want 5G, and even 6G, technology in the United States as soon as possible. It is far more powerful, faster, and smarter than the current standard. American companies must step up their efforts, or get left behind. There is no reason that we sh [...]
September 25th, 2019 by financetwitter
For 3 years since the stunning election of Donald Trump as the 45th President of the United States, the Democrats have been screaming about impeachment. And for months, House Speaker Nancy Pelosi resisted mounting pressure from her Democratic Party to begin impeachment hearings against President Tru [...]
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