Finance and Economy
Former Prime Minister Najib Razak, currently serving 12 years in prison for looting the state investment fund 1MDB, owes the Inland Revenue Board (IRB) a whopping RM1.7 billion in tax arrears. And the crook wants to evade paying the tax even after having stolen billions of taxpayers’ money. His top lawyer now argues that there […]
... written on Jun 15 2023In an effort to lower inflation, the Federal Reserve has increased interest rates a whopping 10 times since March 2022. Over the period, inflation hit 9.1% in June 2022 – its highest point since 1982. In the latest inflation report, the inflation appears to have slowed down – recording 5.3% in May 2023, compared to […]
... written on Jun 13 2023As investors progress in age, investment options tend to be more cautious, emphasizing protecting the wealth accumulated to that point. It’s not only relevant to living comfortably through retirement years but also providing for heirs when you’re gone. Many low-risk investment opportunities are available to seniors, with one, in particular, being gold IRAs. The unique […]
... written on Jun 13 2023Some 5 years ago, President Donald Trump launched a trade war with China. The goal was to decouple the U.S. economy from China. In 2020, with the U.S. presidential election approaching, Trump again raised the idea of separating the American and Chinese economies. In both 2016 and 2020 campaigns, China became the easy punching bag […]
... written on Jun 02 2023Germany officially plunged into recession during the first three months of the year. The Europe’s largest economy contracted by 0.3% in the first quarter of 2023 after it suffered a decline of 0.5% in the fourth quarter of 2022. A recession is defined as two consecutive quarters of contraction, therefore, the German economy has entered […]
... written on May 29 2023You can only push someone so far for so long before he fights back. For the last couple of years, the U.S. has been aggressively trying to stop the rise of the red dragon – from trade war to tech war, and from blacklisting Chinese technology giant like Huawei to forcing South Korea, Japan, Taiwan […]
... written on May 22 2023Plagued with corruption charges, former Prime Minister Muhyiddin Yassin, whose given name is Mahiaddin Yasin but too embarrassed to use it, now depends on the upcoming state elections to return to power. Only then can the crook order the Malaysian Anti-Corruption Commission (MACC) to drop all his charges. There’s no other ways to escape prison. […]
... written on May 21 2023If you are looking to make a major purchase, chances are there’s a loan that is right for you. In this article, we’ll discuss some of the most common types of consumer loans available. Finding the most affordable loan rates begins by understanding your creditworthiness. Lowering credit utilization and reviewing your report can give […]
... written on May 21 2023Since Russian president Vladimir Putin invaded Ukraine in February 2022, the United States has seized several superyachts belonging to Russian oligarchs. It was part of Washington’s tactic to seize the assets of Russian billionaires, believed to be Putin’s cronies, in order to put pressure on Moscow to end the war in Ukraine. But the confiscation […]
... written on May 18 2023Long before BYD – “Build Your Dream” – produced Seagull, the cheapest EV (electric vehicle) at just US$11,000 (£8,855; RM48,813), China has been churning out thousands of chemists and engineers to do research on future batteries. Deep in the country’s interior, Central South University produces graduates in advance technology, despite the perception that China was […]
... written on May 11 2023
