Finance and Economy
Donald Trump had been booted and Joe Biden has been crowned. The United States has seen a change of its president. Following the footstep of his predecessor, president Biden has continued the tech war against Chinese tech companies. Americans are being banned from investing in Chinese firms, including Huawei, China Mobile and even China General […]
... written on Feb 18 2022Supermax Corp Bhd, a Malaysian medical glove maker that produces up to 2.4 billion pieces of gloves annually – accounting for 12% of the world demand – has scrapped a plan to purchase two pieces of freehold land in Setia Alam, Selangor. The company is no small potato as it supplies about 20% of gloves […]
... written on Feb 16 2022While Australia, the United States’ “deputy sheriff” in the Asia-Pacific region, has chosen to remain hostile with China, it’s a different story with its neighbour, New Zealand. The Kiwi has just officially upgraded its 2008 free-trade agreement (FTA) with China that will give exports greater access to the Chinese market. New Zealand was the first […]
... written on Feb 15 2022Stocks dropped on Friday – the Dow Jones Industrial Average (DJIA) tumbled 503.53 points while the technology Nasdaq Composite fell almost 3%. Oil prices, meanwhile, jumped with energy stocks like Exxon Mobil and ConocoPhillips gained more than 2%. Defence stocks such as Northrop Grumman and Lockheed Martin jumped 4.5% and 2.8% respectively. But shares of travel […]
... written on Feb 13 2022About 2 years since a trade deal between the United States and China – called “Phase One” – went into effect on 14 February 2020, the deal appears to be nothing but a promise meant to be broken. From the start, the deal was doomed to fail simply because it lacks sincerity, not to mention […]
... written on Feb 10 2022In August last year, many cheered when the Taliban took over the Afghan capital, Kabul. From China to Pakistan and from Russia to Malaysia, people were celebrating the collapse of the U.S.-backed Afghan government. But there were different reasons for celebration. Beijing celebrated because its bitter rival – military superpower America – had been humiliated […]
... written on Feb 08 2022Mark Zuckerberg thought a rebranding of Facebook to Meta last year as part of its business strategy to becoming a virtual-reality based company, instead of a company tainted with multiple data privacy scandals, could revitalize the social media company. Instead, the company lost a mind-boggling US$251.3 billion in market value in just one day on […]
... written on Feb 04 2022Have you been planning on buying a car, or going on a nice vacation, or perhaps organizing the most beautiful wedding or another important event? If you want to do any of those things, then I guess congratulations are in order, because those are really some important milestones in your life. The only question is […]
... written on Jan 31 2022While the Federal Reserve is expected to signal that a rate hike will happen as soon as March – with more tightening policies to fight inflation – the stock market volatility will likely continue. In fact, the stocks sell-off is not over yet, judging by other factors on the table like the geopolitical tensions in […]
... written on Jan 26 2022As Covid-19 pandemic enters its third year, people are increasingly getting pessimistic about what’s in store in the year 2022. In the first year of the outbreak (2020), most thought the Coronavirus would be a temporary hiccup. When vaccines were developed – and rushed to the market – people thought the worst would be over […]
... written on Jan 21 2022
