Finance and Economy
A sea of red on global stock markets continue as the Coronavirus crisis deteriorated and the meltdown in the U.S., the world’s biggest economy, crashes confidence. The DJIA (Dow Jones Industrial Average) fell 10%, or 2,352.6 points – its largest one-day percentage drop since the October 1987 crash, which is also known as the infamous “Black […]
... written on Mar 13 2020As countries around the world scramble to contain the spread of the highly infectious Covid-19 coronavirus, China appears to have successfully contained the pathogen. With official figures showing that the crisis, which first started in Wuhan, China, may have stabilized, other countries have started taking a look at how the Chinese did it. The […]
... written on Mar 11 2020Did Muhyiddin really want to reform institutions as well as combat corruption and abuse of power, as pledged in his inaugural speech as the country’s 8th Prime Minister on March 2? Only gullible and ignorant supporters would think so. As the world was shocked by the plunging oil prices and the stock market meltdown, the […]
... written on Mar 10 2020Be prepared for US$20 oil in 2020. Ali Khedery, a former ExxonMobil’s senior advisor for the Middle East, said so and now even Goldman Sachs warned that twenty bucks for a barrel of crude oil is absolutely possible. On Sunday, oil prices crashed by more than a third or 30% – the worst one day […]
... written on Mar 09 2020The drama is about to conclude. It has to because Mahathir is already 94 years old. If newly crowned PM Muhyiddin Yassin is to survive until the next 15th General Election, which must be called by 2023, Mahathir will be 97 years old. Sure, he had proven himself as the world’s oldest prime minister. But […]
... written on Mar 09 2020Oil prices dropped more than 10% on Friday (March 6) when the U.S. WTI (West Texas Intermediate) crude closed at US$41.28 – the lowest since August 2016. More importantly, it was WTI’s biggest one day percentage drop since November 28, 2014. Meanwhile, international benchmark Brent crude lost 9.4% to close at US$45.27 a barrel – […]
... written on Mar 08 2020Hadi Awang, the president of Islamist party PAS, should zip his mouth because the more he talks the more beans he spills. When Mahathir was the prime minister, Hadi claimed his plan to table a motion of confidence in Mahathir’s leadership was to save the people and the country. As an opposition who was tainted […]
... written on Mar 06 2020There’s good news and bad news. First, the bad news – Muhyiddin Yassin is now officially the 8th Prime Minister of Malaysia. The good news – he has disputable majority. No matter how you argue, Mr. Muhyiddin, arguably the 1st premier of a backdoor government, has taken over a very unstable government at a time […]
... written on Mar 02 2020No matter how much you try not to think about it, retirement is part of your life. This is why you should stop for a moment and think about this important stage, regardless of your age. Think about how you picture yourself after retirement, your hobbies, and daily activities, try to map out a financial […]
... written on Mar 01 2020After Thursday (Feb 27) closing bell, the Dow Jones lost a jaw-dropping 1,190.9 points – the biggest in history. It was also the second day in the same week the index shed more than 1,000 points. On Monday, it had already plunged 1,031 points, before losing 879 points again the next day. Thursday also saw […]
... written on Feb 28 2020
