Finance and Economy
Effective Dec 2014, Malaysia scrapped decades-old fuel subsidy and the prices of RON-95, RON-97 petrol and diesel have been based on a “managed float system”. It’s been 15 months now since the implementation and so far so good. Malaysians can proudly say they can survive without subsidy, even though the (subsidy) money came from taxpayers […]
... written on Mar 02 2016Warren Buffett has just published his latest annual letter to shareholders. Why should you care, you may ask yourself. After all, you didn’t own and perhaps will never own Berkshire Hathaway stock. At roughly US$200,000 (£144,434; RM842,568) a share, perhaps it’s impossible for you to afford even “one share” of the company. Still, you […]
... written on Feb 29 2016Malaysia, 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 2016
