Finance and Economy
If Jack Ma has become the new richest man in China, there’s a new richest man in Singapore too. Does the name Mr. Goh Cheng Liang ring a bell? Most probably not, simply because this billionaire is an incredibly low-profile person. In fact, the last time he talked to the press was in 1997, almost […]
... written on Jan 19 2015Swiss-made watches have become more expensive over night. Swatch watch group which sells brands such as Omega, Tissot, Longiness and Calvin Klein was trembling at the sudden change of event. So did Richemont, which owns Cartier, Chloé and Montblanc. Shares of Swatch Group tumbled 15% while Richemont was down 14%. If you happen to collect […]
... written on Jan 18 2015About 10-years ago in 2004, United States had 274 billionaires while China only had pathetic 3 billionaires. Fast forward 10-years later in 2014, America was still the champion with 492 billionaires. However, China had improved unbelievably with 354 billionaires – 388 if you care to include billionaires from Hong Kong – an achievement of a […]
... written on Jan 14 2015To many tycoons, 2015 is just another ordinary new year. But to Li Ka-shing, this year is his 17th consecutive year as the Hong Kong’s richest man. He increased his wealth by US$1.5 billion, largely due to hefty dividends. According to Forbes, as of January 2015, Mr Li, also known as Asia’s Superman has a […]
... written on Jan 10 2015Many people do not understand why U.S. President Barack Obama and Malaysian Prime Minister Najib Razak are such a close buddies. Flashback, Malaysian longest serving prime minister, Mahathir Mohamad, had to pay “under table money” in the form of lobbyist Jack Abramoff to the tune of US$1.2 million (£800 million; RM4.3 million) so that he can […]
... written on Jan 08 2015Land scarcity is making it harder, if not impossible, to get a landed property or house, especially in cities. Unless you’ve millions or even tens of millions of dollars to spend, chances are people would have no choice but to live in high-rise buildings – be it flats, apartments, or condominiums. The battle have been […]
... written on Jan 07 2015In December 2006, Johor state was hit by severe floods. The then-PM Abdullah Badawi couldn’t care less but hurriedly flew out of the country en route to Perth, Australia. The mission – to open the “Puteri Nasi Kandar” restaurant co-owned by brother Ibrahim Ahmad Badawi. During that crisis, Abdullah put his deputy PM, Najib Razak, […]
... written on Jan 06 2015After billionaire Tony Fernandes’ AirAsia Flight QZ8501 mysteriously crashed last Sunday in the Java Sea together with 162 people on board en route from Surabaya to Singapore, air travellers around the world have been extremely cautious about flying. In another drama at the same Juanda International Airport, Surabaya, close to 120 AirAsia passengers got a […]
... written on Jan 05 2015China’s Xiaomi Technology had a spectacular year in 2014, judging by its achievements last year. After the Chinese smartphone maker raised US$1.1 billion last month, the company wasted no time this month by boasting some fantastic numbers. Xiaomi CEO Lei Jun has just revealed the company had sold 61.12 million phone last year, bringing home […]
... written on Jan 05 2015According to AAA National Average Prices, they are now US$2.257 a gallon for regular gasoline. The cheapest gasoline today in Oklahoma was reportedly selling at US$1.57 a gallon for regular gasoline. Remember when we wrote about Crude Oil WTI taking a short nap at US$55 a barrel before going south? Well, as of time this […]
... written on Jan 01 2015
