Finance and Economy
Mahathir has announced that the highly controversial and super expensive HSR (high-speed rail) project is being “postponed”, not “cancelled”. Whether that was a U-turn from a 93-year-old man or was a clever strategy remains to be seen. Assuming it is just a postponement, will Singapore insist of having the new Malaysian government pay for the […]
... written on Jun 14 2018President Donald Trump did not appear to be listening during some of the trade presentations in Quebec, Canada. Trade dominated the 2-day summit that began on Friday with leaders of Germany, France, Japan, Canada, Britain and Italy returning to the topic repeatedly – simply because “Trump the Menace” kept making troubles to the powerful nations. […]
... written on Jun 10 2018Donald Trump may sound super-tough as the U.S. positions itself for a trade war with China. However, if numbers are any indicator, the U.S. president appears to be fighting a losing battle against the Chinese. For the first 4 months of 2018, America continues to register huge trade deficit with its rival trading partner. […]
... written on Jun 07 2018Anwar Ibrahim, the prime minister-in-waiting, is a changed man. After spending years in jail – twice – for sodomy, he has either become a more humble and wiser man, or a vengeful man who believes the nation owes him the premiership. After being pardoned by the Agong (King), the grateful Anwar spoke highly of the […]
... written on Jun 07 2018Imagine you’ve engaged and awarded a contractor to renovate your office. For some strange reasons, you agreed to pay the contractor according to “calendar dates” instead of the project’s progress. In other words, you had agreed to generously pay even if the contractor does zero work. The job was supposed to be completed in 3 […]
... written on Jun 06 2018The 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 2018
