Finance and Economy
Wee Ka Siong, MCA deputy president, has blamed Prime Minister Mahathir for his failure to renegotiate a lower price for the East Coast Rail Link (ECRL) and two gas pipelines projects, worth RM81 billion and RM9.41 billion respectively. Mr. Wee was both upset and disappointed with Mahathir’s decision to cancel both China-backed mega projects. Despite […]
... written on Aug 22 2018Depending on whom you ask, Mahathir’s visit to China – his first since becoming Malaysia’s prime minister for the second time, and the world’s oldest premier – can either be a huge success or a failure. The primary mission of PM’s five-day visit to the Middle Kingdom was to renegotiate mega deals signed by his […]
... written on Aug 22 2018Whether you should get involved in forex trading or stock trading depends on whether you fancy yourself Warren Buffet or George Soros. The famed value investor, Buffet, has earned a 30-year annualized return of 20 percent buying and holding value stocks for his holding company Berkshire Hathaway. While hedge fund manager Soros’ Quantum Fund has […]
... written on Aug 21 2018When a Malaysian Chinese has a brilliant idea tomorrow, the nearest place he or she will go is, sadly, Singapore. That’s because if the idea becomes a huge success and generates tens of millions of dollars in profit, the owners will be forced to give away 30% to Malaysian Malays or Bumiputra (son of soil) […]
... written on Aug 20 2018Enzo Ferrari was not initially interested in the idea of producing road cars when he formed Scuderia Ferrari in 1929. The Scuderia Ferrari, however, was founded as an Alfa Romeo racing team. It would take another 10 years before Ferrari becoming independent in 1939. Hence, before Ferrari, the brand Alfa Romeo was already involved in car racing […]
... written on Aug 19 2018Today (August 17) marks the 100th day of New Malaysia – the administration of 93-year-old Mahathir Mohamad after the collapse of old Barisan Nasional government. Ever since Independence in 1957, then-Malaya and subsequently Malaysia (1963) has only known one federal government – the Alliance – which later restructured to become Barisan Nasional. Malaysians, after […]
... written on Aug 17 2018OPEC reported on Monday that Saudi Arabia cut its oil production in July, a surprise move after Riyadh had pledged to ramp up output following the June meeting in Vienna. Additionally, President Donald Trump has been threatening all and sundry to stop buying Iranian oil, as part of U.S. sanctions against the country. Theoretically, the oil prices […]
... written on Aug 16 2018Turkish currency is trading just below 7 Lira to the U.S. dollar. If that level is breached, all hell will break loose. On Friday, the currency plunged as much as 20%. It’s still too early to tell if Lira has stabilised for good. As the Turkish havoc ripples through global financial markets, this could be […]
... written on Aug 14 2018Turkish President Recep Tayyip Erdogan has picked the wrong guy for a fight. While Saudi Arabia could bully Canada over a petty issue concerning human rights, Turkey has miscalculated when it thought Trump would not care about American Pastor Andrew Brunson who has been detained since 2016 in Turkey. Brunson, who is from North […]
... written on Aug 11 2018It’s commonly said the Queen doesn’t carry cash. Likewise, the President of the United States doesn’t carry cash too, as experienced by former President Obama in 2014 when his credit card was rejected in a New York restaurant. Thankfully, his wife Michelle was present on that occasion to pick up the tab. The Secret Service […]
... written on Aug 10 2018
