Taxes
Since taking over in August last year as Malaysia prime minister, Ismail Sabri Yaakob had made overseas trips a whopping 11 times. That’s about one trip every month since the unelected backdoor premier replaced former PM Muhyiddin Yassin, who was forced to resign after just 17 months in the corridors of power – toppled by […]
... written on Jul 06 2022Trapped In RM80 Billion Subsidy – A Result Of “Ketuanan Melayu” Racist Policy, Corruption & Nepotism
Finance Minister Tengku Zafrul Tengku Abdul Aziz said the subsidy bill for this year (2022) is expected to hit RM77.3 billion – the largest in the history of Malaysia. The subsidy included petrol, diesel, liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour and electricity (RM9.7 billion), Bantuan Keluarga Malaysia (BKM) (RM11.7 billion), and […]
... written on Jun 27 2022By now, it’s crystal clear that the Federal Reserve isn’t always right. The Fed, the most powerful economic institution in the United States or even the world, has two jobs – keep inflation under control and maximize employment. To do that, its core responsibilities include setting interest rates, managing the money supply, and regulating financial […]
... written on Jun 13 2022You know this country is in serious financial trouble when Prime Minister Ismail Sabri floats the crazy idea of restoring GST (Goods and Services Tax) in the middle of global inflation. Either he was extremely desperate because the national coffers are already empty, or he had no idea that Najib Razak’s advice to re-introduce the […]
... written on Jun 04 2022Finding a piece of “roti canai” or a small glass of “teh tarik” at RM1 each, even in the remotest area is extremely difficult, if not impossible. Roti canai – a piece of round plain flat bread – is essentially one of Malaysia’s favourite dishes that is cheap and good for breakfast, lunch and even […]
... written on May 30 2022Crude oil hit more than US$130 a barrel after Russia launched its so-called special military operation in Ukraine. But crude oil was not the only commodity which skyrockets after the invasion. Sunflower oil, the world’s third most traded vegetable oil after palm and soybean oil, also hit the roof. Worse, Ukraine and Russia accounts for […]
... written on May 14 2022When Prime Minister Ismail Sabri and Works Minister Fadillah Yusof proudly announced there will be no more toll hikes for four highways in the Klang Valley, you know the next 15th General Election is around the corner. But the announcement on Monday (April 4) is not only long overdue, but was actually a proposal first […]
... written on Apr 05 2022Who will become Malaysia’s next prime minister after the 15th General Election, which does not need to be held till middle of 2023, but is being vigorously pushed by the top leadership of the United Malays National Organization (UMNO)? The political party has just concluded its general assembly, but the competition for the top post […]
... written on Mar 22 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 2022About 2 years since a trade deal between the United States and China – called “Phase One” – went into effect on 14 February 2020, the deal appears to be nothing but a promise meant to be broken. From the start, the deal was doomed to fail simply because it lacks sincerity, not to mention […]
... written on Feb 10 2022
