Finance and Economy
Malaysia, under Najib Razak administration, is a cowboy town now with very little respect for law and order. If this can be made into a film, Sheriff Najib, caught with US$700 million (RM2.6 billion) in his personal bank account, is being questioned by everyone in town as to the source and purpose of the money. […]
... written on Feb 27 2016China has been hitting the news for the wrong reasons – economic slowdown, stock market meltdown, corruption crackdown, and billionaires’ disappearance. However, like its factories, the country assembly lines are producing billionaires faster than any other countries, including United States. Now, China has more billionaires than America. According to China-based wealth research firm – Hurun […]
... written on Feb 25 2016Indians, Pakistanis and Bangladeshis were often associated as Asia’s pariah people due primarily to their poverty. They form a huge pool of cheap labours or slaves ready to do 3D jobs – dirty, dangerous and difficult. They were cheated by agents before they could be exported and were mistreated by employers while doing their 3D […]
... written on Feb 22 2016Oil prices, both Brent and WTI, are above US$30 a barrel today. The price fluctuations, nevertheless, have been extremely volatile. Thankfully it hasn’t breached below US$20 a barrel. It would be a total chaos if the price goes below that level. But shall we conclude the worst is over on oil apocalypse? Not so fast. […]
... written on Feb 18 2016SJKC, also known as “vernacular schools” in Malaysia for the Chinese have existed since independence and the vernacular education is protected by the Federal Constitution, despite disagreement by some former judges. The fact that these judges chose to read the constitution to their liking only “after” retirement speaks volumes about their desire to impress and […]
... written on Feb 17 2016The more Najib son of Razak is pronounced “innocent” by Malaysian authorities, the more people perceive him as guilty as hell. There’s no two ways about it. Even if Mahathir, his former mentor-turned-enemy agrees to grant him a safe passage, at least 53% of 30-million Malaysian populations are against such a slap on the wrist […]
... written on Feb 15 2016Walt Disney Company is about to get its sixth Magical Disneyland this year. Scheduled to open on June 16, Shanghai Disneyland will rival Hong Kong and Tokyo Disneylands, the other two Disneyland in Asia. The tickets for the Shanghai theme park will go on sale to the public much sooner – from March 28 onwards. […]
... written on Feb 03 2016Twitter shares are plunging as much as 10.5% after trading hours on Tuesday afternoon following Stifel Nicolaus downgrade from “hold” to “sell” and set a US$14 price target. Its stock is down by 55.6% compared to where it was a year ago. If you didn’t know, Twitter is banned on the mainland China hence the […]
... written on Feb 03 2016For the whole year of 2015, the focus was on Najib’s naughty hands caught in the cookie jar but the scope was confined within Malaysia. Only after F.B.I opened investigation papers on the Malaysian prime minister’s stepson Riza Aziz funding over extraordinary real estate purchases and movie production that the scope widened to United States. […]
... written on Feb 02 2016HSBC is still undecided if they should move headquarters to Hong Kong, after months of meeting, brainstorming and consideration. The Europe’s largest lender, however, has decided something for the year 2016 – to freeze hiring and salaries – globally. An email sent to HSBC employees on Friday detailing the latest cost-cutting has apparently leaked to […]
... written on Feb 01 2016
