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Singapore is a trade-dependent country. The Republic's growth prospects are closely tied to the outlook for the global economy and trade. On Thursday (Jan 17), it announced a disappointing export number - fell by 8.5% instead of economists' expectation of a 2% rise in December. That number is the w
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Goldman Sachs CEO David Solomon on Wednesday (Jan 16) apologised to the Malaysian people for former banker Tim Leissner's role in the sovereign wealth fund 1MDB scandal. However, the chief executive cunningly distanced the bank from the scheme, choosing to throw the former partner under the bus inst
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The genuine Malay Muslims in this country should stop worrying about losing their Malay privilege or Islam supremacy to non-Muslims. In the same breath, they should also stop worrying that the special position of Malay Rulers would disappear overnight. The rights of the Malays, Islam and Monarchy ar
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Robert Lloyd Schellenberg, a Canadian citizen, could stay alive if not for the China-Canada diplomatic hostilities. The 36-year-old former oil worker was detained in Liaoning province in 2014 for trying to smuggle more than 200kg of methamphetamine in China. That's a huge amount of drugs. Still, he
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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, ba
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Former Chief Justice, Abdul Hamid Mohamad, was (and still is) one of hardcore supporters of Najib Razak. He was such a fanatic fan of the former prime minister that two days before the May 9 general election last year, he condemned Mahathir for not only out to topple Najib, but also wanted to dest
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Apple - 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 its
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The Sultan Muhammad V has returned to his state of Kelantan after abdicating the throne as the "Yang di-Pertuan Agong (Supreme Ruler, or simply the King)" effective Sunday (Jan 6). What is still unknown and of utmost interest is the actual reason the former King was given an ultimatum by the Council
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Three Chinese warships arrived in Cambodia on Wednesday on a visit aimed at strengthening already close ties between the two nations. As early as 2016, Cambodia hosted its first major naval joint exercises with Chinese forces. This round, as many as 700 crew members docked at the port of Sihanoukvil
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For years, former Prime Minister Najib Razak had been lying through his teeth about 1MDB financial health. As early as 2015, the crook claimed the sovereign wealth fund 1Malaysia Development Berhad (1MDB) had more assets than liabilities. Amazingly, gullible and ignorant village folks actually belie
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January 8th, 2019 by financetwitter
Getting jobs is no longer going to any university and graduate with a piece of diploma or degree. The job market has been so competitive that even with a degree in IT (information technology), there is no guarantee you will secure a job, unless 20 years ago. Nowadays, only a combination of specific [...]
January 7th, 2019 by financetwitter
In the land of scandals and corruptions, more often than not rumours have the nasty habit of turning out to become facts. After Mahathir Mohamad made the history of becoming not only the world's oldest prime minister, but also the prime minister for the second time, Malaysians welcome the New Year 2 [...]
January 5th, 2019 by financetwitter
Finally, the much overdue price reduction of fuel is here. While Americans enjoyed gasoline as low as US$1.49 a gallon or RM1.63 a litre, Malaysians had to pay RM2.20 a litre for RON95. Effective 12.01am Saturday (Jan 5), RON95 and RON97 will see a reduction of 27 sen from RM2.20 per litre to RM1.93 [...]
January 4th, 2019 by financetwitter
As feared, tech giant Apple plunged and brought along with it the rest of the stock markets not only in the U.S., but also the world. The earning warning from the iPhone maker was sufficient to erase 660 points off the Dow Jones Industrial Average (DJIA). S&P 500 lost 62 points and NASDAQ tumble [...]
January 4th, 2019 by financetwitter
Where is the Yang di-Pertuan Agong, or the King of Malaysia? Nobody seems to know the whereabout of the monarch, not even the prime minister himself. Officially, the Agong had taken a two-month break from November 1, 2018 to December 31, 2018 - apparently due to health reason. Hence, Sultan Nazrin o [...]
January 3rd, 2019 by financetwitter
Dell CEO Michael Dell warned in July last year that the U.S. and China face a "mutual assured destruction" if trade relations collapse, adding that "no one will win" a trade war. But judging by Donald Trump and Xi Jinping's latest antics, losing face is not an option. In denial, the U.S. president e [...]
January 2nd, 2019 by financetwitter
It appears that the old guards and the young leaders within Mahathir's party - PPBM (Bersatu) - are divided over a proposal to grant themselves government contracts or projects, a practice similarly carried out for decades by the UMNO regime to enrich warlords and family members before their collaps [...]
December 31st, 2018 by financetwitter
Kim Jong-un told South Korea’s Moon Jae-in in a New Year's letter that he wants to meet with Moon "frequently" next year and vowed to work on "denuclearization" of the Korean Peninsula together. Similarly, the North Korea dictator also reportedly has sent a "conciliatory message" to Donald Trump, [...]
December 31st, 2018 by financetwitter
Home loan plays a crucial role in one’s life, especially those who are aiming to achieve their dream home. To know if you are eligible for this kind of loan, continue reading below!
Are you planning to purchase a specific asset, particularly your dream home? If yes, you should have mo [...]
December 31st, 2018 by financetwitter
A couple of moons ago, 93-year-old Mahathir Mohamad proudly declared that corruption in Malaysia has become a thing of the past following the change in government. The world's oldest prime minister won the country's general election in May on promises of fighting corruption and reforming instituti [...]
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