Finance and Economy
It’s finally here. The day for the British to decide their future – to remain or to leave EU – has finally arrived. If the “Remain” wins, it will be business as usual. If the “Leave” wins, it could be business as usual, or a temporary chaos in the financial markets. The globe will keep […]
... written on Jun 23 2016Ever wonder why Somali pirates were so skinny that they looked more like malnourished African children than real pirates? It’s all about “Location, Location, Location”. They were targeting international cargo ships in the vast Indian Ocean. Their operation cost was high but their returns – ransom – rarely exceed US$1 million. It was hard work […]
... written on Jun 17 2016After spending a staggering US$5.5 billion (£3.88 billion; RM22.5 billion), Shanghai Disneyland is officially open today. Covering an area of about 4-square-km in the town of Chuansha in Shanghai’s Pudong New Area, it features a theme park and two themed hotels. The new resort is Walt Disney Company’s sixth worldwide. The Shanghai Disneyland is part […]
... written on Jun 16 2016European Union might lose United Kingdom. David Cameron might lose his job. Britain’s biggest selling newspaper – The Sun – has openly backed Brexit (Britain Exit). With days to go (June 23) before Britons voting to either remain or leave EU, media tycoon Rupert Murdoch’s flagship newspaper has run a headline – “BeLEAVE in Britain” […]
... written on Jun 15 2016Goldman Sachs Group Inc. is being investigated by U.S. investigators whether the American banking firm broke the law when it didn’t sound an alarm about a suspicious transaction in Malaysia. At issue is US$3 billion Goldman raised via a bond issue for Malaysian state investment fund 1Malaysia Development Bhd – 1MDB. The 147-year-old bank […]
... written on Jun 14 2016Since Disney World opened in Orlando city in 1971, follows by Sea World and Universal, kids from every corner of America and beyond have dreamed of a trip to the Magical Land. It would never be the same again after the Sunday terrorism that killed 49 and sent shockwaves through the tourism industry, with employees […]
... written on Jun 14 2016Prime Minister Najib Razak’s beautiful wife – Rosmah Mansor – has hit the headlines again, for the wrong reason. Naughty boy Rafizi Ramli, an opposition MP, exposed another lavish spending by Najib administration this week when he revealed Rosmah hired Emirate’s Executive Airbus A319 private jet so that she can fly into Turkey – with […]
... written on Jun 13 2016The news of a mass defection at RBS Coutts, which has the British royal family amongst its customers, came as a shock. In 2009, Hanspeter Brunner, former Asia head of RBS Coutts Bank Ltd., Singapore, had jumped ship with a staggering 70 colleagues. Their destination: BSI SA, a small Swiss bank catered primarily to Italian clients but […]
... written on Jun 11 2016Famed for making a cool billion US dollar by “breaking” the Bank of England in 1992, semi-retired George Soros had warned that we’re about to see something that hasn’t happened in “80 years”. He spoke about the financial apocalypse during the World Economic Forum in Davos, Switzerland in January this year. Soros made the […]
... written on Jun 10 2016Russians might love their President Vladimir Putin, who enjoyed consistently high rankings. Last year in June, Putin’s approval rate was at record-high of 89%, despite economic challenge due to tumbling currency ruble and oil price. But it’s a different story altogether with the Russian prime minister, who assumed office since 2012. When Russian Prime Minister […]
... written on Jun 09 2016
