Countries
Oil giant Saudi Aramco priced its IPO (initial public offering) at 32 riyals (US$8.53) per share last Thursday, marking the biggest share listing in history – beating Alibaba’s record US$25 billion listing in 2014. In essence, Aramco will become the world’s most valuable publicly traded company. Still, the IPO fell short of Saudi Crown Prince’s […]
... written on Dec 10 2019As Trump administration scrambles to shield Saudi Arabia from an unexpected attack by a Saudi national at a U.S. Navy base in Florida, the memory of September 11, 2001 attacks by the Islamic terrorist group al-Qaeda against the United States re-emerges. Of the 19 hijackers of the 9/11 attacks, 15 of them were from Saudi […]
... written on Dec 09 2019As part of the ongoing trade war with China, Donald Trump thought it would be a great idea to start a tech war with the Chinese as well. It would put tremendous pressure on President Xi Jinping to negotiate and surrender to the terms to be dictated by the United States. The target – Huawei […]
... written on Dec 04 2019As the grand plan to form a new “Malay only” government fails to take off, the opposition continues their search for new racial and religious issues to play. The intention is to ensure ethnic Malays keep on hating the ethnic Chinese. The fallen Barisan Nasional coalition, after losing the government for the first time in […]
... written on Nov 29 2019Azmin Ali has dug a hole so deep that it’s hard to see how he could survive. Not only is he trapped in the hole, his buddy-turn-nemesis Anwar Ibrahim has thrown a rope for him to hang himself. But he has only himself to blame. He becomes an arrogant scumbag upon being promoted as the […]
... written on Nov 26 2019Investors, speculators and punters were cheering as the U.S. stocks hit fresh record highs on Friday on hopes for a US-China trade deal despite mixed economic data. The Dow Jones Industrial Average (DJIA) holds above 28,000 points on Monday, after the index hit the level for the first time after posting a fourth straight week of […]
... written on Nov 19 2019Aramco is the world’s largest oil company. It is also currently the most profitable company in the world, and based on the 2019 listing by Fortune, the company’s profitability is almost double that of Apple. As a private organization that produces about 10% of the world’s crude oil, Aramco’s revenue for the financial year 2018 was […]
... written on Nov 15 2019Some 6 months after Trump administration officially banned Huawei, the Chinese tech company is still alive and kicking. Even though the war is not over, the battle has been well fought. During this period, key U.S. components and software like Google’s Android operating system, Synopsys’ semiconductor design tools and Skyworks’ radio frequency chips remain unreachable to Huawei. […]
... written on Nov 12 2019Malaysia has now joined the likes of Bangladesh, Ghana, Costa Rica and neighbour Thailand after the U.S. Federal Aviation Administration (FAA) unexpectedly downgraded the country’s air safety rating to Category-2. Effectively, airlines from the Southeast Asian nation are not allowed to add new flights to the United States, according to the U.S. Department of Transportation. […]
... written on Nov 12 2019Huawei founder and CEO Ren Zhengfei once predicted the Chinese tech giant would be hit so badly by the U.S. ban that it could earn US$30 billion less revenue for the year. That amount was later reduced to US$10 billion. On Tuesday (Nov 5), some five months after Mr. Ren first made the shocking prediction, […]
... written on Nov 06 2019
