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The return of former Prime Minister Najib Razak to his party - UMNO - is certainly great news for Mahathir administration. After all, it was the former president of UMNO who had stunningly brought down his own government, enabling the then-opposition Pakatan Harapan coalition wrests over the governm
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For over 60 years, a country called Malaysia was divided along racial lines between ethnic Malays and non-Malays. And for as long as one could remember, the Malays from UMNO, the political party that dominated the previous government before they were defeated in the last May general election, have b
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It's been 14 months since Pakatan Harapan (PH) took over. The jubilant and exuberant spirit has long gone. Nowadays when PH politicians speak, people start grumbling about promises not fulfilled. How are people to trust a government that doesn't fulfill it's manifesto's promises? Do they think peopl
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After months of investigation following Facebook’s 2018 Cambridge Analytica scandal, the Federal Trade Commission (FTC) decided to slap the company with US$5 billion (£4 billion; RM20.5 billion) fine - the largest ever imposed by the FTC against a tech company. Yet, the punishment was like a mos
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Anwar Ibrahim's ambition to become the 5th Prime Minister of Malaysia was crushed when then-PM Mahathir Mohamad sacked him in 1998. Mr. Anwar, who served as the deputy prime minister from 1993 to 1998 under Dr. Mahathir, was declared not fit to be the next premier for corrupt practices and sodomy -
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Against the threat of retaliation - even trade war - from the United States, the French have decided to slap a new tax on American companies. On Thursday (July 11), France’s Senate approved "3% digital tax" on the revenues of multinational firms and tech giants like Facebook, Google and Amazon. Tr
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When Mahathir Mohamad openly invited all Malay parties, including the UMNO, to join his party PPBM (Bersatu) under the pretext of Malay unity, it raises eyebrows. To the people who had shed sweat, tears and probably even blood bringing down the corrupt and toxic UMNO last May General Election, the p
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American plane manufacturer Boeing has every reason to be worried even after 4 months its best-seller 737 MAX aeroplanes has been grounded. It seems the safety scandal isn't going to be solved as quickly as Boeing and its stakeholders had expected - suggesting that the problems plaguing the aircraft
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After history was made with the swearing in of Dr Wan Azizah Wan Ismail last year as the country's first female deputy prime minister, more women have been entrusted and empowered with top positions never seen before. In May this year, Malaysia saw the appointment of Tengku Maimun Tuan Mat as the co
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On Sunday (July 7) in Europe, 150-year-old German bank - Deutsche Bank - officially launched its restructuring plan to cut a mind-blowing 18,000 jobs by 2022. By Monday morning (July 8), the entire teams in Deutsche Bank's Asian operations were told to pack and clear their desks, before their securi
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April 16th, 2019 by financetwitter
Four out of six largest American banks have released their first-quarter financial results over the past week. And their results aren't convincing. J.P. MOrgan and Wells Fargo reported quarterly profit and revenue that exceeded analysts’ expectations. However, Goldman Sachs and Citigroup missed [...]
April 16th, 2019 by financetwitter
The controversial East Coast Rail Link (ECRL) project has finally gotten its answer after being suspended for 10 months. Its main contractor, China Communications Construction Ltd (CCCC) received a notice to suspend all work on July 4 last year after Pakatan Harapan formed the new government of Mala [...]
April 15th, 2019 by financetwitter
During Barisan Nasional (BN) government, only certain states and certain supermarkets banned plastic bags. Shoppers were charged RM0.20 for each plastic bag requested. After Pakatan Harapan (PH) government takes over, the entire nation is being targeted. Now, even wet markets, morning markets or nig [...]
April 13th, 2019 by financetwitter
At the rate former Prime Minister Najib Razak and his buddy, PAS Islamist Party President Hadi Awang, spew lie almost on a daily basis, one may wonder if both are trying to outdo each other for the serial liar championship. Of course, it's quite unfair that Mr. Hadi abused his status as an Islamic r [...]
April 12th, 2019 by financetwitter
Boeing is not out of the woods yet, despite saying it has completed 96 flights testing the performance of the 737 Max with updated software for the plane's MCAS flight control system. CEO Dennis Muilenburg said - "Our team has made 96 flights totaling over 159 hours of air time with this updated sof [...]
April 12th, 2019 by financetwitter
Without hidden hands, the Sultanate of Johor would not dare attack Mahathir government so openly. It definitely smells a rat when some nine student activists exposed how a group of four academics from local universities were involved in advising the Conference of Rulers and convinced the monarchies [...]
April 11th, 2019 by financetwitter
Theresa May, arguably one of the most incompetent British leaders the country has ever produced, has been given an additional six months to find the best possible solution to the Brexit deadlock. The new Brexit deadline will be on October 31, after the British Prime Minister begged and requested a [...]
April 10th, 2019 by financetwitter
Little did Hadi Awang realize that when he decided to withdraw his defamation suit against Sarawak Report editor Clare Rewcastle-Brown in January, he was about to open the floodgates of hell. Not that he had any other choice, but the decision to pay the British journalist to kill the lawsuit to prev [...]
April 9th, 2019 by financetwitter
In May 2015, Mahathir Mohamad warned Tabung Haji to cancel its land purchase from 1MDB (1Malaysia Development Berhad). He disagreed that the Malaysia's Pilgrims' Fund was being used to bail out 1MDB - purchasing a small 1.56 acre of Tun Razak Exchange land for RM188.5 million, when an area as huge a [...]
April 8th, 2019 by financetwitter
The RM10 million he remitted through a money changer a decade ago was for the purchase of an apartment in London - claims former Negeri Sembilan Mentri Besar (Chief Minister) Mohamad Hasan. It appears his past has come back to haunt the Barisan Nasional candidate fighting for the Rantau by-election. [...]
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