Finance and Economy
When 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 2022When the democratically-elected Pakatan Harapan (PH) government was toppled after just 22 months in power in March 2020, some conservative Malays were extremely excited. They did not think it was wrong that a Malay leader like Mahiaddin Yassin had betrayed friends and allies. The obsession for a “Malay-Muslim” government overwhelmed everything, including Malay’s culture and […]
... written on Nov 18 2022Desktop trading platforms are still popular, and traders are unlikely to abandon them soon. But times are changing, and it is more important than ever for an investor to respond quickly to all opportunities, take advantage of opportunities and chances, and not lose any perspective. That is why it is essential that access to the […]
... written on Nov 10 2022Khairy Jamaluddin has insisted that Ismail Sabri is still UMNO-led Barisan Nasional’s prime ministerial candidate. What do you expect the health minister to say? Do you expect him to honestly spill the beans and reveal that the turtle-egg man was already “game over” the moment the un-elected backdoor prime minister dissolved the Parliament on October […]
... written on Nov 09 2022
