Finance and Economy
Alibaba has set another new sales record for this year’s annual “Singles Day” shopping spree. The Singles Day, first started in China as a 24-hour shopping event that celebrates people who are not in relationships, has been such a massive success that it makes Black Friday and Cyber Monday in the United States look like […]
... written on Nov 12 2020Four days after the November 3 election, Americans took to the streets – some celebrate Joe Biden’s victory while others protest against Donald Trump’s loss. The nation is as divided, if not more divided, as when Trump stunningly won the White House in 2016. Having passed the 270 Electoral College vote threshold needed, Biden becomes […]
... written on Nov 10 2020Financial planning 101 say if you consistently spend more than you earn, it becomes the secret recipe of huge debt. In the case of (previous) Barisan Nasional government, not only did they spend lavishly beyond their ability to grow the economy, they also plundered and stole money from the national coffers. Everything looked rosy until […]
... written on Nov 08 2020Trading is challenging because getting things right doesn’t just happen. The following are a few tips that could help you grow in this industry by refining trading. 1. Work on Your Emotions Your emotional state matters when it comes to trading. This may not sound too important, but trading can be quite stressful, and […]
... written on Nov 06 2020China’s stock markets – Shanghai Composite Index, Shenzhen Component Index and tech-heavy ChiNext index – have all gained significantly on Thursday as Democrat Joe Biden appears to be winning the 2020 Presidential Election. Biden is perceived to be less confrontational than Trump in his foreign policy with China, something which is celebrated in Wall Street […]
... written on Nov 05 2020Introduced in 1951, the EPF (Employees Provident Fund) compulsory retirement savings scheme for private sector workers requires employees to contribute 11% of their salaries to their EPF accounts. Employers, on the other hand, contribute the equivalent of 13% of the salaries of employees earning RM5,000 and below, and 12% if wages are above RM5,000. […]
... written on Nov 05 2020Australia’s economy, already plunged into recession in September – its first recession in 30 years since 1991 – continues to register bad news. And it has nothing to do with Covid-19 pandemic. Rather, it’s a self-inflicted economic backlash after Canberra deliberately campaigned for an international inquiry into the origins of the Coronavirus in April which […]
... written on Nov 04 2020Crude oil prices dropped below zero for the first time in history on April 20, 2020. Many were scratching their head in disbelief as the U.S. oil prices turned negative. Others were amused as they watched the deepest fall in demand for the “black gold” in 25 years. It’s not everyday you get to watch crude […]
... written on Nov 02 2020China has decided to impose unspecified sanctions on three American defence contractors – Boeing, Raytheon Technologies and Lockheed Martin. The sanction was taken after the U.S. State Department approved US$1.8 billion in arms sales to Taiwan last week. Also targeted in the sanction included “the US individuals and entities who played an egregious role”. […]
... written on Oct 28 2020You know it was game over for Prime Minister Muhyiddin Yassin when Johor Crown Prince Tunku Ismail Sultan Ibrahim expressed his hope that Malaysia will be saved from threats of those who are greedy and power crazy for their personal interests. It was not a normal daily babbling as the remark was made on the […]
... written on Oct 26 2020
