Finance and Economy
Horse-trading, money changes hands, contracts finalising, projects reviewing and the list goes on. That’s what is happening now, as the mother of all scandal – 1MDB – about to enter another new month this year. Bets are on the table that by hook or by crook, prime minister Najib Razak and his wife Rosmah Mansor […]
... written on May 26 2015Presently, the world’s top-3 biggest hotels are The Venetian Las Vegas, MGM Grand Las Vegas and First World Hotel (Genting Highlands). While all of them are in the business of gambling, none of them have more than 10,000 rooms. But that is about to change in 2017, two years from now. The “Abraj Kudai”, the super […]
... written on May 25 2015About a week ago, Russian parliament gave “preliminary approval” to legislation that would allow prosecutors to declare foreign and international organizations “undesirable” in Russia and shut them down. Now, it’s official, after President Vladimir Putin signed the bill into law yesterday (May 23). In a nutshell, Putin administration can shut down your businesses whenever they […]
... written on May 24 2015Wall Street, the world’s largest stock exchange, is where you need to visit at least once in your lifetime to feel and experience the true meaning of money making. Every day, hundreds of billions of dollars changes hands. It could be due to this powerful influence that Ahmed Mohammed got inspired. Ahmed, a food cart […]
... written on May 21 2015Are you a proud private jet owner who have lots of cash to burn? If yes, does your private jet have private bed or jacuzzi? We bet your jet don’t have a “fireplace”. Yeap, we’re pretty sure your jet don’t have one, even though if you’re the President of the United States flying on Air […]
... written on May 21 2015Up to today, many still think that HSBC is actually a bank which is Chinese-owned, Hong Kong-based, located and headquartered in the small but prosperous financial city. After all, HSBC refers to “HongKong and Shanghai Banking Corporation”. Well, it’s HQ was based in Hong Kong until 1993 before the bank decided to abandon Hong Kong […]
... written on May 20 2015Emperor Najib Razak’s pet project – 1MDB – is getting messier and complicated every day. What was supposed to be a straight forward profiteering project has turned into the biggest plundering scandal in the history of the country. Malaysian Prime Minister Najib has also started his counter attack against critics, especially former prime minister Mahathir Mohamad. […]
... written on May 18 2015Cash is King, goes the powerful saying, which is still true today. Soon, we may enter a new dimension, whereby money in terms of cash will be made “illegal”. Here’s why cash is horrible – it’s dirty because a U.S. study found 3,000 types of bacteria on bank notes. Cash is easily torn, not to […]
... written on May 14 2015The Big Mac index was invented by “The Economist” in 1986 as a creative way of measuring purchasing power parity (PPP) between two currencies. Using McDonald’s Big Mac hamburger as the index, it provides a fun way of telling if a currency is undervalued or otherwise. For example, the average price of a Big Mac […]
... written on May 13 2015With Russia still struggling after the collapse of oil prices, Putin administration needs to keep his people happy while feeding his expanding military forces. Although the oil prices have recovered ever since, it’s still too far away from the peak of US$110 a barrel. Putin wants his people to forget about the economic problem – […]
... written on May 12 2015
