Finance and Economy
Equanimity has entered Malaysian waters after a short journey from Batam, Malaysia. The luxury yacht belonging to ex-PM Najib Razak’s partner-in-crime Jho Low was reportedly escorted from Batam by the Malaysian marine police vessel KPD Setia. Both vessels were anchored about two nautical miles off the coast of Pengerang in Johor, as of 6pm. […]
... written on Aug 07 2018Everyone should have experienced at least once where we need to withdraw cash but have forgotten the plastic card – ATM card. Get real, despite the so-called cashless society and internet banking, the cash is here to stay. JPMorgan Chase has become the latest bank to embrace a cardless society – you don’t need your […]
... written on Aug 03 2018Thanks to promise of freedom of press, the new government of Pakatan Harapan has allowed “Utusan Malaysia”, the oldest Malay newspaper to operate after the historical May 9 general election. But things would not be the same for the highly controversial newspaper, which was founded as “Utusan Melayu” in 1939, way before the country’s independence […]
... written on Aug 02 2018In July, Kylie Jenner became the youngest person on the Forbes list of America’s Richest Self-Made Women with an estimated net worth of US$900 million. And she’s just 20 years old. The American reality television personality, model, entrepreneur and social media celebrity is the founder and owner of cosmetic company Kylie Cosmetics. She created a line of clothing […]
... written on Aug 01 2018If your kids tell you that they wanted to work for a newspaper company, you should start worrying. The past decade has been a painful period for employees in U.S. newsroom, especially those working for newspaper. The only area that has experienced some growth in employment is digital-native news sector. According to a Pew […]
... written on Jul 31 2018Mahathir’s fetish for national car projects is commendable, even applaudable, if today is 1983. Unfortunately, it’s been 35 years since “PROTON” was established in a mind-boggling venture – automobile design, manufacturing, distribution and sales. Subsequently, a second national car project – Perodua – was hatched in 1993, although solely in rebadging business. Now, the defiant […]
... written on Jul 31 2018From KK Super Mart in Malaysia to South Africa bus ticketing service, one cannot help but notice “Alipay” logo, a sign of how far and fast the Chinese – either tourists or workers – have invaded the globe. The Alipay payment method is now accepted in 70 countries across Asia, Australia, New Zealand, Europe, North […]
... written on Jul 30 2018Malaysia Government’s strategic investment fund – Khazanah Nasional Berhad – has announced that all 9 members of its board have resigned. Simply known as KNB by most of its contractors, the mass resignation raised eyebrows due to their undated resignation letters, suggesting that the board of directors were actually “protesting or challenging” Mahathir administration. […]
... written on Jul 30 2018United States registered a sterling GDP growth of 4.1% in the second quarter, arguable its best since 2014. The number matched expectations from economists. Four years ago, Obama saw 4.9% rise in gross domestic product in the third quarter of 2014. Besides the good news, the U.S. Commerce Department revised its first-quarter reading up from 2% […]
... written on Jul 29 2018Investors didn’t see this coming. They called it unprecedented. They were caught with their pants down, so much so that they actually said Facebook didn’t need to give such a weak guidance. Do they expect Facebook to lie? Yes, Facebook warned investors of weakening revenue for the second half of the year, and its stock […]
... written on Jul 26 2018
