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During the climax of 1MDB scandal in 2015, Swiss national Xavier Andre Justo dropped a bombshell. Like any Hollywood spy-thriller films, he was approached by "someone" to change the real story. He was in jail in Thailand, allegedly trying to blackmail his former employer, PetroSaudi, which was entan
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Had Najib Razak won the 14th general election on May 9th, his first foreign visit will most likely be China. He would go there and brag how his Barisan Nasional coalition government had used President Xi Jinping photo on campaign billboard. He would offer Xi to restart the stalled "Bandar Malaysia"
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After weeks of excitement about a potential historical meeting between U.S. President Donald Trump and North Korean Dictator Kim Jong-un, the meeting is finally cancelled. Earlier Thursday, Mr. Trump scrapped the summit with Mr. Kim - originally scheduled to take place June 12 in Singapore - to disc
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Between 2000 and 2007, Moody's doled out AAA ratings to 30 mortgage-backed securities every day. When the 2008 subprime crisis finally hit the United States, 83% of those first class securities became junk - they were downgraded. The funny part was - Lehman Brothers' own debt still had an investment
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A few decades ago the only way to invest was through a broker. Due to high costs it only made sense if the amount you wanted to invest was considerably higher compared to the fee you had to pay to the broker.
The rise of AI and technology changed this forever when it created robo-advisers. These
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Our previous article showed how the disgraced former Prime Minister Najib Razak mismanaged the country and plundered the national coffers to the brink of bankruptcy. After Prime Minister Mahathir Mohamad expressed his displeasure, the new Finance Minister Lim Guan Eng has confirmed that Malaysia is
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We wish to say "I told you so" again. But to hear it from the horse mouth - Mahathir - is equally satisfying. Yes, Malaysia has already breached the RM1 trillion marks, for the wrong reason. Speaking for the first time to staff of the prime minister’s office, Mahathir revealed the troubling debts
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What does Hillary Clinton and Najib Razak has in common? They are terrible sore losers. Back in November 2016, the Reuters / Ipsos States of the Nation project gave Clinton a 90% chance of defeating Trump, seeing her on track to win 303 Electoral College votes out of the 270 needed, to Trump’s 2
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China has no choice but to agree to fix the problem of trade imbalance between the kingdom with the United States. The trade imbalance, which President Donald Trump calls unfair, hit a record US$375 billion in 2017. After rounds of talks and meeting between both countries, the U.S. and China have ag
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Finally, Rosmah Mansor, the so-called ex-FLOM (First Lady of Malaysia), has spoken. Unfortunately, the wife of defeated ex-prime minister Najib Razak has shown - again - that she spoke without putting her thinking cap. At critical moment like now, it's wise that she keep her mouth shut. She should s
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March 8th, 2018 by financetwitter
Are you sick and tired of those super-rich who keep saying wealth is not the key to happiness? In truth, only the rich will say health or love is more important than wealth. The poor will never say that. It's very easy to prove this argument - tries cutting off your revenue stream (it could be quitt [...]
March 7th, 2018 by financetwitter
On paper, Cohn seemed to be the perfect choice for Trump. The U.S. president called Gary Cohn his "top economic adviser". That song of praise alone would melt even anti-Trump haters. However, in reality, both Cohn and Trump were just too different in terms of ideology and foreign policy. Hence, the [...]
March 6th, 2018 by financetwitter
Upon instruction from the Malaysian Communications and Multimedia Commission (MCMC), "Malaysia Today" portal has finally removed 3 articles it had published about billionaire Robert Kuok. The fact that the owner of the portal - Raja Petra Kamarudin, widely known as RPK - obediently removed them spea [...]
March 5th, 2018 by financetwitter
Trump has started World Trade War by imposing a 25% tariff on steel imports and 10% tariff on aluminium imports. Since then, he has been waiting for retaliations - from both friends and foes. So far China, supposedly the biggest culprit who has been accused of dumping the metals on American soil, h [...]
March 3rd, 2018 by financetwitter
Donald Trump is reportedly trying to get rid of his favourite daughter Ivanka and his trusted son-in-law Jared Kushner. The U.S. president wants both to leave the White House, and he's getting the help - privately - from chief of staff John F. Kelly. Playing good-cop-bad-cop roles, obviously Trump w [...]
March 2nd, 2018 by financetwitter
Sometimes, it pays not to be in the top-10. And it certainly pays to stroke the back of the world's most powerful man, especially if he's a narcissist. China can now heave a sigh of relief. As expected, U.S. President Donald Trump has declared that the United States will impose a 25% tariff on stee [...]
March 1st, 2018 by financetwitter
Indonesia, in a surprising move on Wednesday (Feb 28), confiscated a luxury yacht off the coast of Teluk Benoa on the island of Bali. The 300-foot luxury superyacht - The Equanimity - was worth at least US$250 million, at least that's the price tag valued by the U.S. Department of Justice (DOJ). Reg [...]
February 28th, 2018 by financetwitter
Janet Yellen, if she's still around today, would be extremely afraid of crashing the stock markets after the recent 666, 1175 and 1032 points plunge. But there's a new sheriff in town and the new Federal Reserve Chairman Jerome Powell refuses to let himself be intimidated by those crashes. As far as [...]
February 27th, 2018 by financetwitter
Malaysia's richest man Robert Kuok, who lives in Hong Kong, is currently under attack by not only half-past-six UMNO-Malay warlords but also from Prime Minister Najib Razak personally. The latest attack against the 94-year-old billionaire Kuok came from Tourism and Culture Minister Nazri Abdul Aziz, [...]
February 26th, 2018 by financetwitter
Oracle of Omaha - Warren Buffett - has just released his 2017 annual letter to shareholders. As usual, his flagship Berkshire Hathaway's stock portfolio was the hot commodity that everyone has been waiting for. According to the letter, the company had stock holdings totalling a staggering US$170.5 b [...]
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