Finance and Economy
The first half of 2018 has been bullish for oil prices. But after touching the US$80 a barrel for the first time since 2014, the commodity is fast losing its steam. The Brent crude oil is trading at about US$74, a drop of about 6 dollars a barrel since its peak. The WTI crude oil […]
... written on Jun 06 2018Global Times, often considered as the mouthpiece of the Chinese Communist Party, has unleashed its first warning shot at the new government of Malaysia. After 93-year-old Prime Minister Mahathir Mohamad ditched a planned HSR (high-speed rail) between Kuala Lumpur and Singapore, the Chinese media seemed very upset. The mouthpiece cried, whined and bitched that […]
... written on Jun 02 2018Zero GST Today!! – These Graphics Show Why GST Was Disastrous To People But Loved By Najib Very Much
Effective today (June 1st), the highly unpopular GST (goods and services tax) is zero-rated from 6 percent. People are celebrating as suddenly everything has become 6% cheaper. From computer to Mercedes Benz, everybody wants to have a piece of the meat, before the new SST (sales and service tax) kicks in effective September 1st. […]
... written on Jun 01 2018The world is having terrible headache dealing with American President Donald Trump. This is perhaps the most flip-flop president the country has ever had. After telling all and sundry that he will meet North Korean Kim Jong-un, the U.S. leader scrapped the plan, only to revive it. It’s safe not to bet if the summit […]
... written on May 31 2018Royal Malaysia Police mobilised 5 trucks to load 284 boxes containing designer handbags and 72 luggage and carrier bags filled with cash and jewellery which were secretly stashed in three luxury condominiums – Pavilion Residences – located along Jalan Raja Chulan, Bukit Bintang. That was perhaps the biggest such operation in the history of Malaysia. […]
... written on May 30 2018Billionaire Soros’ Latest Warning – New Financial Crisis About To Hit EU, Thanks To These 3 Problems
A major financial crisis is about to hit European Union, says billionaire investor George Soros. Speaking at the European Council on Foreign Relations annual council, Soros said Europe was in “an existential crisis.” Soros, the founder of the pro-European Open Society Foundation, claimed there are basically three problems which had “hindered Europe’s economic development”. […]
... written on May 30 2018Let’s continue our story about how Singapore, supposedly a clean and incorruptible nation, secretly helped ex-PM Najib Razak during the peak of the 1MDB scandal. The plausible possibility that the Government of Singapore was the “hidden hand” behind the blackmailing of Swiss national Xavier Andre Justo to change his story has since gotten The Straits Times extremely […]
... written on May 29 2018During the climax of 1MDB scandal in 2015, Swiss national Xavier Andre Justo dropped a bombshell. Like any Hollywood spy-thriller films, he was approached by “someone” to change the real story. He was in jail in Thailand, allegedly trying to blackmail his former employer, PetroSaudi, which was entangled in 1MDB – a scandal involving the […]
... written on May 28 2018Had Najib Razak won the 14th general election on May 9th, his first foreign visit will most likely be China. He would go there and brag how his Barisan Nasional coalition government had used President Xi Jinping photo on campaign billboard. He would offer Xi to restart the stalled “Bandar Malaysia” project in exchange for […]
... written on May 27 2018Between 2000 and 2007, Moody’s doled out AAA ratings to 30 mortgage-backed securities every day. When the 2008 subprime crisis finally hit the United States, 83% of those first class securities became junk – they were downgraded. The funny part was – Lehman Brothers’ own debt still had an investment grade rating when it filed […]
... written on May 25 2018
