Finance and Economy
As the dust of Low Yat riot slowly settles, more facts have emerged. The earlier rumours about the thief, “TWO THIEVES” to be exact, being conned by Low Yat Plaza salesman into purchasing a cloned smartphone hence the retaliation, is false. So far, the Kuala Lumpur police chief Tajuddin Mat Isa said “no report” has […]
... written on Jul 13 2015Last October, a gangland feud reached its climax when a gangster fellow lobbed some grenades, as if they were hamburgers, at Cherry Blossom nightclub in their attempt to kill another triad “Taikor”. Kuala Lumpur Police, of which its HQ located just a stone’s throw away, swung into action. Nine months later today, not a single […]
... written on Jul 13 2015Are these clowns playing a childish game meant for 5-year-old kids? First, the Greeks pride got the better of its debt, so Prime Minister Alexis Tsipras rejected a bailout offer, which he has dismissed as a “humiliation” for Greece. Despite economic chaos because the country was running out of money, hero Tsipras was adamant about […]
... written on Jul 10 2015Today, Malaysian ringgit hits another new low – RM3.8348 against the U.S. dollar, before settles at 3.7974. As expected, Bank Negara (Central Bank) has been working extra hard to ensure the local currency doesn’t breach above RM3.80 psychology level. But for how long can Governor Zeti keeps pumping foreign reserves to support the ringgit? […]
... written on Jul 09 2015Is the party over for China? Nobody knows for sure. But it doesn’t seem to be doing as well as it used to be. It’s double-digit growth was long gone. The last time the world’s second-largest economy saw double-digit growth rates was in 2010 when it grew at a rate of 10.6%. Thereafter, it was […]
... written on Jul 07 2015Will Malaysian prime minister Najib Razak be arrested on the explosive 1MDB scandal, now that it’s a global knowledge he’s caught with his pants down with US$696 million (RM2.62 billion) in his personal banking account? After all, Mahathir had hinted that the prime minister may be scared to quit due to possible criminal charges. Using […]
... written on Jul 06 2015Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday. Results showed 61% voted “NO” compared with 38% for “YES” with 97% of the vote counted. Thousands of jubilant government supporters celebrated in Syntagma Square in front of Parliament, waving Greek flags and chanting “No, No, No!” It was a sweet victory for […]
... written on Jul 06 2015By now, the whole world knows there’s a new billionaire in town. Name’s Razak, Najib Razak, the Prime Minister of Malaysia. Actually he’s not a billionaire yet, if measured in U.S. dollar. But he’s certainly a multi-billionaire in Malaysian ringgit. Here’s how he catapulted himself to the Forbes Malaysia’s 50 Richest. Fund transfer from […]
... written on Jul 05 2015The next time you visit Malaysia, observe something very peculiar. As a tourist, you would probably see drivers open their car’s door, instead of roll down the window, to pay parking or toll fee. This magnificent phenomena is due to the fact that Malaysian drivers have not recovered from a “permanent mental damage” caused by […]
... written on Jul 03 2015Have you watched the two films we recommended about a year ago? Flashback – “Inside Job” and “The Wolf of Wall Street”, released in 2010 and 2013 respectively, are two movies you must watch to understand the reality of financial markets. And in case you’ve missed our previous article, go read about “30 Investing Tips & […]
... written on Jul 02 2015
