Finance and Economy
After the U.S. and Europe imposed sanctions on Russia, 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 dollar after the […]
... written on Mar 12 2022Forget US$100 crude oil. We have passed that. Crude oil has already hit US$130 a barrel. Chances are the commodity will stay above 100 bucks as long as the Russia-Ukraine war does not de-escalate. And it appears the worst is yet to come. When will the Western powers realize that sanctions will not work on […]
... written on Mar 08 2022China is arguably the biggest winner in the current Russia-Ukraine war. And if it’s true that senior Chinese officials told senior Russian officials in early February not to invade Ukraine before the end of the Winter Olympics in Beijing, as claimed by the New York Times (which has been rubbished by Beijing), it means Beijing […]
... written on Mar 04 2022Colgate-Palmolive CEO Noel Wallace has warned American consumers to get ready to pay 10 bucks for a tube of toothpaste. Consumer goods companies like Colgate has started increasing prices last year as a result of rising war material costs and labour shortages due to the Covid-19 pandemic. But the Russia-Ukraine war will certainly escalate the […]
... written on Mar 02 2022Putin might be a mad dictator to the Western countries, but he is not crazy, let alone stupid. On the contrary, he could be smarter than the U.S. and NATO, based on his political chess game so far. He tactically recognized the independence of two self-proclaimed and pro-Russian republics in eastern Ukraine, before sending troops […]
... written on Feb 25 2022Najib Razak, the disgraced former prime minister of Malaysia, is appealing his corruption convictions after being sentenced to 12 years’ jail and fined RM210 million. The High Court delivered the guilty verdict in July 2020 for abuse of power, criminal breach of trust (CBT), and money laundering – all involving RM42 million stolen from SRC […]
... written on Feb 23 2022Are you curious about gold investments? Many investors are, as this commodity is considered safe with an extensive track record of gains. When inflation spikes and the stock market seems unstable, individuals turn to gold. This asset has numerous attributes that make it even more attractive than stocks and bonds. It’s an inflation hedge and […]
... written on Feb 21 2022Donald 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 2022
