Finance and Economy
With less than 100 hours (Aug 2) before the world’s largest economic powerhouse, United States of America, is set to default on its debt obligations or otherwise, the global stock markets are trembling with fear. It’s very unlikely but should it happens, the U.S. economy may tumble by 5% and the stock market may drop […]
... written on Jul 29 2011As much as I would like to stop writing about PM Najib administration, the plot just got interesting and I think he may just hit the bull’s eye as far as my prediction that his downfall may be faster than his predecessor, Abdullah Badawi, is concerned. Compared with Najib, Badawi now seems like a cute […]
... written on Jul 23 2011First, the bad news – the global economy may not recover to its glory time anytime soon as the U.S. economy is getting really choppy with stubborn unemployment, not to mention the risk of another round of recession. The good news – the global wealth increased by 8% last year to reach a record of […]
... written on Jun 13 2011On 31-Mar-1993, Tenaga Nasional Berhad (TNB), Malaysia’s main energy provider and a government-linked company signed a 21-year Electricity Power Purchase Agreement (PPA) with IPP (Independent Power Producers) Yeoh Tiong Lay Corporation Bhd. (YTL). This was the first PPA ever signed by TNB with an IPP license for the Paka and Pasir Gudang Power Stations. Very […]
... written on Jun 02 2011Prisoners at the labour camps in China are going high-tech – breaking rocks and digging trenches in the open cast coalmines through days but playing online games at night. These prisoners worked 12-hour shifts in the camp earning 5,000 – 6,000 renminbi (US$770 – US$920) a day playing addicted games such as World of Warcraft. […]
... written on May 27 2011Dubai had the world’s fastest- growing property market until mid-2008 when the subprime crisis originated from US arrived at the kingdom. The collapse of the emirate’s property sector was partly due to heavy speculation where borrowing was as easy as buying groceries from the supermarket. An estimated of 60% in housing prices was wiped out […]
... written on May 27 2011China is the second biggest economic powerhouse and if the latest data posted on World Economy Outlook by International Monetary Fund (IMF) is reliable, the date of China becoming the new economic leader could be in 2016, leaving United States behind. But even though China can realize the dream of becoming the new economic powerhouse […]
... written on May 26 2011Next month will be the Judgement Day for both consumers and the Malaysian government. The petrol price hike is almost certain. The only question is by how much will the government increase RON95 after its brother RON97 was increased by RM0.20 a liter early this month. Another interesting event is whether the government would lower […]
... written on May 25 2011Not long after the U.S. subprime crisis hit the global financial markets, Dubai had its own subprime crisis when the United Arab Emirates’s investment and development engine, Dubai World, announced that it was seeking a six-month delay in paying creditors on nearly US$60 billion in debt. When the news broke, Dubai’s stock exchange plunged more […]
... written on May 23 2011Jim Cramer was right when he was furious about the LinkedIn Corp’s IPO yesterday. He was absolutely right that the IPO was “outrageously overvalued and preposterous” and that it’s the most ridiculous IPO since TheGlobe.com. Seriously, who can blame him when he accused the underwriters of playing the same game everyone played back in the […]
... written on May 20 2011
