Countries
During the 1997-98 Asian Financial Crisis, Ringgit dropped like a rock. In fact, the crisis the swept Southeast Asian countries into currency chaos had forced the Malaysian currency to depreciate by about 80%, from RM2.50 to RM4.50 per US dollar. At its worst level, the currency plunged to a record RM4.885 per dollar in 1998, […]
... written on Sep 15 2022It’s one thing to express full solidarity with Ukraine and pledged to continue offering strong political, financial and humanitarian assistance. It’s another thing altogether to condemn Russia and bragged to continue imposing hard-hitting sanctions. The 27-nation leaders of European Union love to talk about solidarity that binds their countries together. But when even Bloomberg […]
... written on Sep 06 2022Najib Razak is currently serving 12 years’ jail after he lost his final appeal in the Federal Court on August 23. But in less than 2 weeks as the Kajang Prison Complex’s newest inmate, the crook has started his usual drama again. Born with a silver spoon, it’s extremely difficult for the former prime minister […]
... written on Sep 05 2022Artemis I mission to orbit the moon has failed again. For the second time this week, NASA was forced to cancel the launch on Saturday (Sept 3) after another fuel leak. The rocket was supposed to go off on Monday, but was postponed to Saturay due to liquid hydrogen leaks. NASA engineers had tried to […]
... written on Sep 04 2022Energy crisis created by the Russia-Ukraine conflict isn’t over, even though the crude oil prices have dropped to below US$100 a barrel. The wishful thinking that sanctions imposed on Russia could cripple and defeat the Kremlin has boomeranged on the Western nations instead. The impact, either direct or indirect, is so bad that the West […]
... written on Sep 01 2022Since Vladimir Putin launched his “special military operation”, which the U.S. and its allies called an “unprovoked invasion”, in Ukraine, the Western nations have done nothing but add fuel to the fire. By supplying weapons to Ukraine, instead of taking steps to end the conflict, neither Ukraine nor Russia could end the war. Neither the […]
... written on Aug 29 2022On Friday (Aug 26), a United States coast guard ship was on a scheduled port call in the Solomon Islands after conducting patrols to monitor illegal fishing activities in the Pacific. However, when it tried to get clearance to refuel and re-provision, stunningly there was no response from the island’s authorities for diplomatic clearance for […]
... written on Aug 27 2022All 11 sectors in the S&P 500 were in the red on Monday (Aug 22) with a whopping 480 stocks in red and just 23 in green. The Standard and Poor’s 500 lost 2.14% – biggest drop since June 28. The Dow Jones Industrial Average plunged 643.13 points, while the Nasdaq Composite tumbled 2.55% – […]
... written on Aug 23 2022Last month, the People’s Liberation Army Navy (PLAN) formally commissioned a new submarine to be deployed to China’s East Sea Fleet. The sub has raised eyebrows due to its strange design – a distinctive new conning tower or sail. Instead of being streamlined to improve water flow like more designs, the Chinese new sub is […]
... written on Aug 17 2022When Joe Biden stepped on the Saudi soil last month (July 2022), the U.S. president knew he would receive a low-key reception. He had no choice but to visit the oil-rich kingdom. He can’t blame anyone except himself for a declaration of war against Saudi when he was a presidential candidate. Biden declared he was […]
... written on Aug 15 2022
