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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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January 18th, 2020 by financetwitter
You were just in an accident and the police report indicates the other driver was at fault. Yet, the diver’s insurance company doesn’t want to pay. This is to be expected. It’s what insurance companies do. To get them to pay out, it can sometimes take some tough negotiating skills to make sure [...]
January 17th, 2020 by financetwitter
Kelantan is not only the poorest state (GDP per-capita) in Malaysia, but also had the highest number of HIV and AIDS cases in the country. The so-called "Corridor of Makkah" where its state leaders are all "ulama" depends heavily on the federal government for everything - from money for development [...]
January 16th, 2020 by financetwitter
After a two year trade war, the U.S. and China finally signed a trade deal, popularly known as the "Phase One". President Donald Trump signed the deal while Vice Premier Liu He signed the agreement on behalf of China. The trade deal came at an interesting time as the House prepared to send articles [...]
January 14th, 2020 by financetwitter
Mahathir Mohamad, the world's oldest prime minister, has been relatively quiet since the start of the New Year 2020 - for a good reason. The Malaysian prime minister, arguably one of the most outspoken leaders, has offended so many world leaders that he probably had lost count - from Myanmar to the [...]
January 12th, 2020 by financetwitter
After insisting for days that a Boeing 737-800 - Ukraine International Airlines Flight PS752 - crashed due to engine problems, Iran finally admitted on Saturday (Jan 11) that it was its own military that had accidentally shot down the civilian jetliner. Iranian officials had initially denied claims [...]
January 10th, 2020 by financetwitter
Iran had no intention of killing a single American soldier in what appeared to be a staged attack to save face. As a show of force, the drama would involve firing 22 ballistic missiles at two U.S. military bases in Iraq. To ensure absolutely no American would be harmed, the Iranian deliberately tipp [...]
January 8th, 2020 by financetwitter
Iran fired more than a dozen ballistic missiles against U.S. bases in Iraqi early morning Wednesday local time. Some pro-Iranian websites claimed at least 30 missiles had been launched in what appeared to be "fast and furious" revenge over the stunning assassination of Iranian top military command [...]
January 7th, 2020 by financetwitter
When Inspector-General of Police (IGP) Abdul Hamid Bador declared last July that an explosive gay sex video implicating Economic Affairs Minister Azmin Ali was genuine, but the identities of the two men in the clips could not be determined, the reputation and integrity of the Royal Malaysia Police [...]
January 5th, 2020 by financetwitter
Qassem Soleimani was considered the second most powerful man in Iran, after Supreme Leader Ayatollah Ali Khamenei. At the same time, he was Iranian's most powerful military and intelligence figure. According to the Pentagon, an approximate 603 American soldiers killed in Iraq were attributed to prox [...]
January 3rd, 2020 by financetwitter
Maszlee Malik, arguably the most controversial education minister, has finally been fired by Prime Minister Mahathir Mohamad. His exit was overdue. In fact, he should be sacked as early as 2018. He was allowed to "resign" in order to prevent humiliation. It was merely a face-saving gesture. After al [...]
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