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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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December 30th, 2018 by financetwitter
What do Jamal, Papagomo and Azwanddin have in common? They were all UMNO gangsters who used to make a living by screaming, crying and bitching about Malay and Islam supremacy being threatened by non-Muslims. Of course, the Malay and Islam supremacy have never been threatened because they were protec [...]
December 27th, 2018 by financetwitter
In what appears to be the next level of retaliation against the Government of Canada over the arrest of Huawei's CFO (chief financial officer), Sabrina Meng Wanzhou, the Chinese may have already decided what to do with Robert Lloyd Schellenberg, a Canadian citizen on charges of drug smuggling. Altho [...]
December 26th, 2018 by financetwitter
Two days ago, PAS Youth Chief Muhammad Khalil Abdul Hadi warned Muslims not to celebrate Christmas as it has an element of “syirik” (idolatry) which is against Islamic teachings. Not only Muslims must not celebrate Christmas, they must also not post Christmas greetings on Facebook as it would be [...]
December 26th, 2018 by financetwitter
Crude oil has a new buddy - the S&P 500. Less than 2 months after the oil entered the bear market territory on Nov 8, the S&P 500 - the American stock market index based on the market capitalizations of 500 large companies - joins the club on Christmas Eve. On Monday, just before the Christm [...]
December 25th, 2018 by financetwitter
Social media advertising is usually free. You can use any platform, create an account and start posting. Whether it is Facebook or Twitter, you don't need to pay to register. You can post anything online you want as long as you don't violate the rules. However, you also need to consider paid social [...]
December 24th, 2018 by financetwitter
President Donald Trump couldn't hide his frustration anymore. The stock market sell-off will wipe out his only achievement as his government is officially shut down over funding. The U.S. shutdown could stretch into January, 2019. But the president's biggest worry is the stock market meltdown, which [...]
December 24th, 2018 by financetwitter
Fireman Muhammad Adib Mohd Kassim has died from injuries sustained during the riot at the Sri Maha Mariamman temple in Subang Jaya last month. Since then, the ethnic Malays have been demanding that P. Waytha Moorthy, National Unity and Social Well-being Minister, be fired. The Indian community, on t [...]
December 23rd, 2018 by financetwitter
There were 21 states at the end of November which had joined the US$1.99 club - where at least 1 station sells fuel at less than two bucks a gallon. Today, the number of states have jumped to 31. In essence, American drivers in these 31 states pay US$1.99 or less for a gallon or about 3.78 litre of [...]
December 21st, 2018 by financetwitter
Twenty years ago, Karpal Singh, the Tiger of Jelutong, said party hopping should be outlawed as it was tantamount to cheating and deception. The former chairman of DAP, who passed away in 2014, argued that the trust of the voters is sacred, therefore, there must be honour among the elected represent [...]
December 20th, 2018 by financetwitter
International benchmark Brent crude oil broke the US$60 support level to about US$55. The American WTI, meanwhile, plunged below the US$52 psychological level to US$46 a barrel. If the U.S. crude futures contract continues to drop, we may see the oil breach the US$40 before the year end. In essence, [...]
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