Currencies
Until the diesel subsidy was scrapped beginning June 10, the country had to spend RM14.5 billion annually on the subsidy. Minister of Finance II Amir Hamzah Azizan said diesel subsidies cost Malaysia RM1 billion a month, while losses from leakages or smuggling amount to a staggering RM4.5 million every day. The cut would save the […]
... written on Jun 15 2024In a desperate effort to buy votes, especially from fellow Malay Muslims of whom 80% did not vote for Anwar Ibrahim in the last November 2022 General Election, the Malaysian Prime Minister announced a record hike in civil servants’ salary of more than 13%. He bragged on Labour Day that the RM10 billion allocations is […]
... written on May 07 2024The realm of forex trading is a dynamic landscape, where traders navigate through the intricate web of currencies, constantly seeking opportunities for profit. In this article, we delve into the nuances of forex trading, exploring strategies, market dynamics, and the role of key currency pairs like xbrusd and dge. Understanding Forex Trading Forex, short […]
... written on Apr 05 2024In Malaysia, adhering to tax obligations on trading income is a fundamental requirement for engaging in legal Forex trading. However, the intricate tax laws and regulations surrounding Forex trading profits often pose challenges for traders to fully comprehend and navigate. Many investors find themselves grappling with the complexities of tax compliance, unsure of their responsibilities […]
... written on Mar 14 2024As neighbouring Malaysia was plagued with dangerous religious extremism, where radical Islamist is known to calling for protest on foreign artists, as well as government officials introducing weird rules at the eleventh hour, Singapore saw a huge potential in concert as magnet to boost tourism. Clearly, event tourism is something which Malaysia doesn’t understand. […]
... written on Mar 02 2024Making money in the forex (foreign exchange) is quite easy – just listen to research firms such as MIDF or Malaysian Industrial Development Finance, and bet the opposite. Led by a bunch of clueless management and researchers, the firm that specializes in development finance, investment banking, and asset management provides the best advice for investors to […]
... written on Feb 21 2024Malaysia is in financial deep shit, but most of its 33 million populations especially the largest ethnic group – Malay – doesn’t realize it. The fact that 80% of the Malay voters chose Perikatan Nasional, a coalition comprising Malay nationalist Bersatu and PAS Islamist parties that subscribe to radicalization and extremism, speaks volumes about the […]
... written on Feb 14 2024Barking like a mad dog, Malaysia’s fourth and seventh prime minister – Mahathir Mohamad – has challenged protégé-turned-nemesis-turned-ally-turned-nemesis Prime Minister Anwar Ibrahim to call for a snap election. Just when people thought he might be able to pull a rabbit out of the hat, his so-called press conference was a huge disappointment. He could only […]
... written on Jan 23 2024Entering 2024, Russia’s position in the global oil markets remains largely unchanged despite Western financial and economic sanctions. Even the price cap of US$60 a barrel on Russian oil – desperately introduced by U.S. Treasury Secretary Janet Yellen – has little effect on the Kremlin. That’s because oil demand did not change. The only changes are […]
... written on Dec 30 2023As recently as May 2023, the Western news media were still laughing at the idea of de-dollarization. They said China’s Yuan faced great obstacles to becoming a global reserve currency. They ridiculed the Chinese currency because nobody wants to buy Chinese bonds. They mocked that foreign investors have been dumping Chinese bonds since Russia invaded […]
... written on Dec 24 2023
