Taxes
Donald Trump has finally admitted that his trade war with China is hurting the stock market, so much so that the Dow Jones Industrial Average (DJIA) would be a whopping 10,000 points higher had he not picked a fight with the Chinese. He said – “If I wanted to do nothing with China, my stock […]
... written on Sep 06 2019By now, the US-China trade war has entered a stage where it’s almost impossible for either one to surrender. The belief is such that the dispute will continue until at least the 2020 U.S. presidential election. Donald Trump is betting that his get-tough-on-China platform will rally American voters and help him get re-elected for the […]
... written on Sep 03 2019The duty on crude palm oil was lowered to 40% from 44%, while a tax on the refined variety was cut to 50% from 54% after Indonesia and Malaysia, the top two palm oil producers in the Southeast Asia, sought a reduction in the import tax. Prior to that, India had raised the import tax on crude […]
... written on Aug 28 2019Investors are looking for an endgame to the trade war between the world’s two biggest economies – China and United States. But there has been no endgame since the dispute started since March 2018. Instead, it appears the endgame has just begun. And a global recession – even depression – looks inevitable. On Friday, Dow […]
... written on Aug 25 2019When starting or registering a business entity, you usually have a checklist of steps and requirements that you need to cross off to establish a solid legal foundation for your business. Finding a registered agent might be one of the items on your list, but what exactly is a registered agent? A registered or […]
... written on Aug 24 2019Whenever Donald Trump talks to his supporters, he would claim credit in his trade war with China. He repeatedly declared that his import tariffs on Chinese goods would force China to pay “US$100 billion” to the U.S. Treasury. The Chinese, not the Americans, was footing the bill for the tariffs he introduced to punish China, […]
... written on Aug 21 2019President Trump may have scaled back tariffs on Chinese goods this week to spare holiday shoppers, but consumers are still likely to feel a pinch. He announced a new round of 10% tariff on US$300 billion worth of Chinese imports, the remaining goods yet to be taxed, and even promised to raise the tax from 10% to […]
... written on Aug 18 2019Stocks dropped like a rock on Wednesday (August 14) when the DJIA (Dow Jones Industrial Average) plunged 800.49 points – worst percentage drop of the year. What happened? Apparently the bond market flashed warning of recession. The yield of 10-year Treasury note broke below the 2-year rate – a rare but reliable indicator of economic […]
... written on Aug 16 2019Since the early dynasties of China, there has been connection between China and various early kingdoms in the Malay Archipelago. The first recorded movement of people from China into the present-territory of Malaysia was during the arrival of Mongol expeditionary forces under Kublai Khan to Borneo in 1292. Unofficially, the arrival of Chinese in the region could be […]
... written on Aug 15 2019Singapore has a piece of very bad news for not only its own people, but also the region, if not the world. The small island’s economy almost came to a standstill in the second quarter, thanks largely to the US-China trade war, which has gotten worse after China retaliated against Trump’s 10% new tariff on […]
... written on Aug 13 2019
