Finance and Economy
With less than 6 months since the Pakatan Harapan coalition won stunningly the 14th general election on May 9th, the new government’s “Budget 2019” presented on Friday was equally stunning. Considering they have only a short time to investigate, discover, expose and recover every penny available after looted by the previous government, they have indeed […]
... written on Nov 05 2018Goldman Sachs, the 149-year-old American investment bank, raised nearly US$6.5 billion in three bond sales between 2012 and 2013 for 1MDB (1Malaysia Development Berhad). More than US$2.5 billion raised from these bonds was misappropriated by high-level 1MDB officials, their relatives and associates, according to U.S. Department of Justice civil lawsuits filed in a U.S. court […]
... written on Nov 02 2018Tommy Thomas was initially rejected as Malaysia’s next Attorney General when Prime Minister Mahathir Mohamad proposed his name. Even the “Yang di-Pertuan Agong Sultan Muhammad V (the King)” disagreed with the appointment of the senior lawyer as the country’s top legal adviser. The excuse – not only he isn’t a Malay-Muslim but an ethnic-Indian, he […]
... written on Oct 31 2018By the end of the trading session on Monday, the Dow Jones Industrial Average (DJIA) had travelled more than 900 points. The Dow fell 245.39 points to 24,442.92, erasing a 352-point gain. The NASDAQ Composite Index plunges to its lowest since April. It was so bad that Amazon.com Inc. founder – Jeff Bezos – lost a staggering US$8.2 […]
... written on Oct 30 2018The interview started with a warm-up question – why did the people of Malaysia decide they wanted a change after 6-decade under Barisan Nasional government. Najib responded by claiming that his regime lost because of first, false promises by the opposition and second, propaganda war unleashed. Perhaps Najib thought Mary Ann Jolley would move on […]
... written on Oct 29 2018Najib Razak appears to be a step closer to spending years in prison. The ex-prime minister has consistently denied any wrongdoing since the 1MDB scandal erupted in 2015. He has claimed the US$681 million (popularly known by Malaysians as RM2.6 billion) deposited in his personal bank account were a donation from a Saudi royal, refuting […]
... written on Oct 27 2018Former premier Najib Razak and former Treasury secretary-general Mohd Irwan Serigar Abdullah were jointly charged with six counts of Criminal Breach of Trust (CBT) involving government funds worth RM6.6 billion yesterday. They were alleged to have committed the offences between Dec 2016 and Dec 2017. Interestingly, both individuals, including their lawyers, think the charges were amusing. […]
... written on Oct 26 2018Initially, Trump promised “severe punishment” for Saudi Arabia if the United States determined that Saudi agents were responsible in the gruesome murder of journalist Jamal Khashoggi. But in a sudden twist, the U.S. president has since suggested an alternative theory – rogue killers, not Crown Prince Mohammed bin Salman – who had gotten the journalist […]
... written on Oct 18 2018Building an ecommerce business can be a rush, but there are more challenges to overcome and more businesses to build. If you want to go on to your next opportunity, you may need capital to get started. Since you own a business, why not make money from the sale of your business to get the […]
... written on Oct 16 2018In every kind of business, you’ll need to make solid plans for management. The trading business is also no different than others. In fact, here, you will need to make more plans and strategies to run your business. Because it is a game of mind and you will have to think a pot for this […]
... written on Oct 16 2018
