Countries
Earlier this month, when President Donald Trump announced a new round of 10% tariffs on US$300 billion worth of Chinese imports, the remaining goods yet to be taxed, Beijing was not convinced that the U.S. would escape from the escalated trade war unscathed. Trump also overplayed his hand in the poker game when he threatened […]
... written on Aug 14 2019Singapore has a piece of very bad news for not only its own people, but also the region, if not the world. The small island’s economy almost came to a standstill in the second quarter, thanks largely to the US-China trade war, which has gotten worse after China retaliated against Trump’s 10% new tariff on […]
... written on Aug 13 2019Zakir Naik, the controversial Indian Islamic preacher accused of spreading hate speech, laundering money, and funding terrorism by the Indian government has launched what appears to be a stinging attack against China. His attack is so damaging to the Malaysia-China bilateral ties that not even Prime Minister Mahathir Mohamad had dared do it. Speaking […]
... written on Aug 12 2019Every night at 9 p.m. ET, the People’s Bank of China (PBOC) fixes a level at which the Yuan (Renminbi) will trade against the U.S. dollar within China. On Wednesday, the central bank sets the Yuan midpoint at 6.9996 per dollar. But by Thursday, it crossed the red line and breached the 7 level – […]
... written on Aug 08 2019As far back as 1988, the then-Education Minister Anwar Ibrahim announced that computer skills and programming would be part of the country’s curriculum by 1990. It was the period where the Internet had yet to exist and now-obsolete 5.25 inch floppy disk with a capacity of only 1.2-Megabyte ruled the land. Anyone with knowledge of […]
... written on Aug 07 2019In retaliation for Donald Trump’s announcement last week of new 10% tariff against an additional US$300 billion of Chinese goods, effective September 1, Beijing has finally fired its biggest shot since the trade war started in March 2018. It devalues its currency Yuan (Renminbi) and officially suspends purchases of American agricultural products. As a […]
... written on Aug 06 2019In March 2018, about 17 months ago, President Donald Trump confidently – even arrogantly – said that trade wars are good, and easy to win. His first shot at Mexico, imposing a 25% tariff on steel and a 10% tariff on aluminium, helped spark a 420-point drop in the Dow Jones Industrial Average (DJIA) and […]
... written on Aug 05 2019A day after the Wall Street crashed 333 points as a result of less than impressive interest rate cut by the Federal Reserve, the stocks made an incredible rally – skyrocketed to as much as 311 points – until Trump spoils the party. The president dropped a bombshell when he declared an additional 10% tariff […]
... written on Aug 02 2019Federal Reserve Chairman Jerome Powell was caught between a rock and a hard place. If he refuses to obey Donald Trump, he would be condemned. If he obeys his boss, he would be a puppet of the U.S. president. So when he took the middle way, cutting the key interest rate as desired by Trump, […]
... written on Aug 01 2019Huawei’s revenue grew 19.5% in 2018 – hitting US$100 billion – despite pressure from President Donald Trump on allies to boycott or ban Huawei from participating in the fifth-generation mobile networks, otherwise known as 5G, the latest mobile internet technology engineered to greatly increase the speed and responsiveness of wireless networks. It was quite an achievement […]
... written on Jul 30 2019
