Investing & Trading
Enzo Ferrari was not initially interested in the idea of producing road cars when he formed Scuderia Ferrari in 1929. The Scuderia Ferrari, however, was founded as an Alfa Romeo racing team. It would take another 10 years before Ferrari becoming independent in 1939. Hence, before Ferrari, the brand Alfa Romeo was already involved in car racing […]
... written on Aug 19 2018Today (August 17) marks the 100th day of New Malaysia – the administration of 93-year-old Mahathir Mohamad after the collapse of old Barisan Nasional government. Ever since Independence in 1957, then-Malaya and subsequently Malaysia (1963) has only known one federal government – the Alliance – which later restructured to become Barisan Nasional. Malaysians, after […]
... written on Aug 17 2018OPEC reported on Monday that Saudi Arabia cut its oil production in July, a surprise move after Riyadh had pledged to ramp up output following the June meeting in Vienna. Additionally, President Donald Trump has been threatening all and sundry to stop buying Iranian oil, as part of U.S. sanctions against the country. Theoretically, the oil prices […]
... written on Aug 16 2018Turkish currency is trading just below 7 Lira to the U.S. dollar. If that level is breached, all hell will break loose. On Friday, the currency plunged as much as 20%. It’s still too early to tell if Lira has stabilised for good. As the Turkish havoc ripples through global financial markets, this could be […]
... written on Aug 14 2018Turkish President Recep Tayyip Erdogan has picked the wrong guy for a fight. While Saudi Arabia could bully Canada over a petty issue concerning human rights, Turkey has miscalculated when it thought Trump would not care about American Pastor Andrew Brunson who has been detained since 2016 in Turkey. Brunson, who is from North […]
... written on Aug 11 2018China has threatened to slap 25% tariffs on US$16 billion worth of U.S. goods. It is the latest retaliation against the U.S. finalized list of US$16 billion worth in Chinese goods that will be hit with 25% tariffs – supposedly to take effect on Aug 23. China will pretty much match what Trump administration does […]
... written on Aug 09 2018Everyone should have experienced at least once where we need to withdraw cash but have forgotten the plastic card – ATM card. Get real, despite the so-called cashless society and internet banking, the cash is here to stay. JPMorgan Chase has become the latest bank to embrace a cardless society – you don’t need your […]
... written on Aug 03 2018Thanks to promise of freedom of press, the new government of Pakatan Harapan has allowed “Utusan Malaysia”, the oldest Malay newspaper to operate after the historical May 9 general election. But things would not be the same for the highly controversial newspaper, which was founded as “Utusan Melayu” in 1939, way before the country’s independence […]
... written on Aug 02 2018If your kids tell you that they wanted to work for a newspaper company, you should start worrying. The past decade has been a painful period for employees in U.S. newsroom, especially those working for newspaper. The only area that has experienced some growth in employment is digital-native news sector. According to a Pew […]
... written on Jul 31 2018Mahathir’s fetish for national car projects is commendable, even applaudable, if today is 1983. Unfortunately, it’s been 35 years since “PROTON” was established in a mind-boggling venture – automobile design, manufacturing, distribution and sales. Subsequently, a second national car project – Perodua – was hatched in 1993, although solely in rebadging business. Now, the defiant […]
... written on Jul 31 2018
