Finance and Economy
Paying attention to the news these days is a chore all on its own. The number of doomsayers and prophets predicting the doom of the world and a huge economic crash upcoming is concerning, to say the least. Sadly, there seems to be some credibility to these worries. Why do I say that? Well, […]
... written on Jul 22 2022For many years, Malaysia has been ignoring claims on Sabah, a Malaysian state in the northern part of the island of Borneo, by the heirs of the Sulu Sultanate – till the spectacular seizure of Petronas assets in Azerbaijan worth US$2 billion (RM8.9 billion) about a week ago. Petronas, the national oil company, has total […]
... written on Jul 20 2022When Donald Trump first started a trade war, followed by a tech war to bring China down to its knees, the writing was on the wall that the great United States was extremely worried about the rise of the Chinese. Trump had used allegations of Chinese state-sponsored “intellectual property (IP) theft” as justification to trigger a […]
... written on Jul 18 2022Russia-Ukraine conflict has indeed wrecked havoc around the world. After Australian Prime Minister Scott Morrison and British Prime Minister Boris Johnson lost their jobs, partly due to the Ukraine war, Italian Prime Minister Mario Draghi became the third casualty who resigned on Thursday (July 14) due to a disagreement over how to respond to the […]
... written on Jul 16 2022Ringgit does not seem to be in a good position. The Malaysia currency is trading at more than 4.43 to a dollar – the lowest for the year, having plunged from 4.16 in January 1. Technically, its resistance is 4.50 – less than RM0.07 away. The last time the currency was trading at this low […]
... written on Jul 13 2022Zelensky has just sacked Ukraine’s ambassador to Germany, India, Norway, Hungary and Czech Republic. The stunning mass firing has raised eyebrows because one of the envoys – Andriy Melnyk – had served in Germany for 7 years. No explanation was offered for the dismissal, but Zelensky has urged his diplomats to drum up international support […]
... written on Jul 11 2022For better or worse, the collapse of democratically elected Pakatan Harapan government after just 22 months came at a time when Malaysia was about to enter a series of political, economic, financial and social uncertainty. Muhyiddin Yassin was on cloud nine when he succeeded in stealing the government through a political coup in the infamous […]
... written on Jul 10 2022Shinzo Abe, Japan’s longest-serving prime minister (Sept 2006 – Sept 2007 and Dec 2012 – Sept 2020), was pronounced dead on Friday (July 8) after five and a half hours after he was assassinated while campaigning for political candidate Kei Sato in the southern city of Nara for a parliamentary election – about 300 miles […]
... written on Jul 08 2022Since taking over in August last year as Malaysia prime minister, Ismail Sabri Yaakob had made overseas trips a whopping 11 times. That’s about one trip every month since the unelected backdoor premier replaced former PM Muhyiddin Yassin, who was forced to resign after just 17 months in the corridors of power – toppled by […]
... written on Jul 06 2022When the U.S. sneezes, the world catches a cold. However, with China’s economic rise, the world could also catch a cold when China sneezes. The world quickly learns the impact of China shutdown due to the Covid-19 pandemic. Negative global spillover from falling industrial and manufacturing activity in China could trigger retrenchment, inflation or even recession. Since […]
... written on Jul 04 2022
