Finance and Economy
For decades, the parasites have been leaching off people’s hard-earned money because they were part of a group called “political appointees”. They were everywhere – companies under the Minister of Finance Incorporated (MoF Inc), government-linked companies (GLCs), government-linked investment companies (GLICs), statutory bodies, listed and unlisted companies, and even universities. Exactly how many appointees […]
... written on Dec 15 2022Sanctions on Iranian and Venezuelan oil have forced the lucrative commodity to be traded in the black market. If the plan was to punish and topple the dictatorship of both countries, the Western powers have failed miserably. The sanctions on Russian oil have only made the situation worse- triggering an energy crisis which led to […]
... written on Dec 13 2022From Oscars to dignitary visits, the red carpet rolled out going back at least a century symbolizes glamour, power and royalty. In Saudi Arabia, there’s another colour that is associated with royalty – “purple”. The purple represents the colour of the kingdom’s deserts and plateaus in the spring, where the violet-lavender flowers blossom in the […]
... written on Dec 09 2022When Muhyiddin Yassin confronted Prime Minister Najib Razak over the infamous 1MDB scandal in 2015, he was sacked. However, the former deputy prime minister did not go against his boss because he was disgusted with the corruption and money laundering involving the 1Malaysia Development Bhd sovereign funds. Rather, power-hungry Muhyiddin saw an opportunity. Muhyiddin […]
... written on Dec 07 2022Effective Monday (Dec 5, 2022), the West has slapped a price cap on Russian oil at US$60 per barrel. Designed by the Group of Seven (G7) to limit Moscow’s revenues from oil exports so that it would cripple its ability to finance the ongoing Ukraine War, the price cap means Russia can export crude oil […]
... written on Dec 06 2022Prime Minister Anwar Ibrahim was scheduled to unveil his highly anticipated cabinet at 5pm on Friday (Dec 2). Media have been well prepared for the press conference. The PM, having met the Yang di-Pertuan Agong (King) for nearly an hour in the morning, had arrived at the administrative capital of Putrajaya – Perdana Putra – […]
... written on Dec 04 2022After the U.S. and Europe imposed sanctions on Russia over Ukraine invasion, it triggered a massive devaluation of the country’s currency – ruble. Russians lined up at ATMs to withdraw their money. The Bank of Russia immediately hiked the interest rates to 20% to slow the withdrawal, as the ruble plunged 30% against the US […]
... written on Nov 30 2022Twitter has a new boss – world’s richest man Elon Musk. With a net worth of US$191.2 billion on Forbes’ Real-Time Billionaire List, the social media platform becomes his latest toy after splashing US$44 billion. His obsession with Twitter has triggered speculations about his motives. Many thought he wants to advance a hard-right political agenda. […]
... written on Nov 27 2022Anwar Ibrahim was extraordinary calm – even joyful – when he told an army of reporters yesterday (Nov 23) that he was going out to watch a movie (“tengok wayang”). Enjoying popcorn himself, he then proceeded to distribute more popcorn to reporters who waited outside his office. The media thought it was a joke, but […]
... written on Nov 24 2022Malaysia is plunged into unchartered water after the 15th General Election. For the first time in history, the country is facing a hung parliament. As expected, opposition Pakatan Harapan has emerged as the single biggest bloc, winning 82 of the total 222 parliamentary seats. Widely believed to be able to grab between 80 and 100 […]
... written on Nov 20 2022
