Finance and Economy
Americans were stunned – and humiliated – when U.S. Treasury Secretary Janet Yellen bowed, not once, but repetitively, when she met Vice Premier He Lifeng during her visit to Beijing last week. Her Chinese counterpart was pleasantly surprised with her gesture that he appeared to backs away to give Yellen more room to “kowtow” and […]
... written on Jul 11 2023Malaysia will hold elections in six states on August 12 whilst the nomination day for candidates is on July 29. This means the Election Commission has allowed only 14-day campaign period. A whopping total of 245 assembly seats is up for grab in Kedah, Kelantan, Terengganu, Penang, Selangor and Negeri Sembilan with more than 9.7 […]
... written on Jul 09 2023Since Donald Trump launched his trade war in 2018 against China, there has been concern in the West that the Chinese government would retaliate. In the second phase of the trade war, the U.S. president banned Huawei with an executive order prohibiting U.S. companies from selling semiconductors to (or buying technological equipment from) the China’s […]
... written on Jul 05 2023Remember those days at school when we received tips that the discipline teacher is doing a spot check? Students would comb their hair to look like Elvis Presley, trim their fingernails and tug in their shirts nicely. And when the feared teacher arrived with his inch-size cane, everyone pretended to be paying attention. Of course, […]
... written on Jul 04 2023Government regulation plays a crucial role in shaping and overseeing the insurance industry. By establishing rules, regulations, and frameworks, governments aim to ensure fair practices, protect consumers, maintain stability, and promote transparency within the insurance sector. This article will explore the critical aspects of government regulation and its impact on the insurance industry. Consumer […]
... written on Jul 04 2023Inflation is a topic that has been making headlines recently, and its effects have spread across various industries, including home building. Inflation has affected construction companies’ profit margins and overall operations. This article examines how inflation prices impact home builders and how they navigate this economic landscape. Increased Material Costs Home construction relies on […]
... written on Jul 03 2023Everyone knows that Immigration Department of Malaysia is one of the most corrupted institutions in the country. Arguably, the corruption started to spread like wildfire during former Prime Minister Mahathir Mohamad’s 22 years iron-fist rule (from 1981 to 2003). Today, every single institution is still infected, even after 20 years since Mahathir’s retirement. But […]
... written on Jul 01 2023Ringgit has been dropping like a rock since February this year, depreciating from RM4.24 to RM4.69 against the U.S. dollar. If it breaks the RM4.75 level recorded in November 2022 under the previous backdoor government of Ismail Sabri, all hell will break loose. The currency made a stunning recovery from RM4.75 to RM4.24 after Anwar […]
... written on Jun 27 2023The upcoming BRICS summit in South Africa will be absolutely interesting for two reasons. First, will Russian President Vladimir Putin be arrested? Second, will French President Emmanuel Macron attend the summit? The success of BRICS in the past years has seen a rising number of countries expressing interest to join the bloc, which was set […]
... written on Jun 23 2023U.S. Secretary of State Antony Blinken landed in Beijing on Sunday (June 18) with little expectation that the planet’s two largest economies could ease the heightened tension. China’s Ministry of Foreign Affairs confirmed the visit, but did not provide details on specific meetings – suggesting the insignificance of Blinken’s trip to the Chinese government. […]
... written on Jun 18 2023
