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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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February 4th, 2020 by financetwitter
No man can resist the temptation of money - especially some religious men who dressed in white robes and turbans and other headgears to look more Arab than the Arabs. And when they are Hadi Awang or Takiyuddin Hassan or other leaders of the PAS Islamist party who defended until foaming at the mouth [...]
February 3rd, 2020 by financetwitter
The World Health Organization (WHO) has declared the Coronavirus outbreak a global health emergency after the first person-to-person transmission of the virus was reported in the U.S. The latest designation means that international public-health authorities now consider the virus, which has killed 3 [...]
January 31st, 2020 by financetwitter
Will Anwar Ibrahim sack his party's former women's wing leader Zuraida Kamaruddin? The more precise question is this: Will Anwar, supposedly the next prime minister, has the balls to fire a little Napoleon, who not only has gone rogue but also turned traitor against the party? Yes, Anwar's next acti [...]
January 30th, 2020 by financetwitter
As more than a billion Chinese around the world were about to celebrate the 2020 Chinese Lunar New Year, the world was shocked by a fast-growing epidemic in China. So far, at least 132 people have died and 5,974 people infected from the deadly new virus - Coronavirus - in China alone. The new virus, [...]
January 28th, 2020 by financetwitter
Financing your business is an essential step, whatever the stage of your business may be. Whether you’re just starting your business, you’re considering expansion or simply trying to keep your business afloat, you need funds to make this possible. The economy is a dynamic venue, and it can chang [...]
January 26th, 2020 by financetwitter
Before the Mercedes fiasco could cool down, the Kelantan state government was hit with another bombshell. After the state government rewarded themselves with 14 Mercedes-Benz, including a luxury Mercedes sedan – S450L AMG – a model with a retail price of RM699,888, it was exposed that the same e [...]
January 23rd, 2020 by financetwitter
It is equally terrifying as it is incredible to observe how much social media has become an integral part of our lives. A platform like Facebook alone has close to 2.5 billion users, which is a huge number considering the platform is a little over a decade old. People spend hours every day on differ [...]
January 23rd, 2020 by financetwitter
Najib Razak has proven himself to be a legendary liar. But as his trial involving misappropriation of RM42 million from SRC International Sdn Bhd enters the New Year 2020, his lies have gotten so extraordinary that it's beyond believable anymore. At the 72nd day of his criminal trial, the former pri [...]
January 21st, 2020 by financetwitter
Greta Thunberg lectures the world leaders that they are running out of time to fix climate crisis. Speaking at the World Economic Forum (WEF) at Davos, Switzerland, the 17-year-old Swedish climate activist warns that the world is still on fire, despite having spoken about the same climate emergency [...]
January 20th, 2020 by financetwitter
Politicians, especially those who walk the corridors of power, always have the perception that the people from East Malaysia (also known as the Borneo) were not as "clever" as those from Peninsular Malaysia. Mahathir used to say - "Najib always assumes people are stupid". Now it appears that it's Ma [...]
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