Taxes
When 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 2019Every night at 9 p.m. ET, the People’s Bank of China (PBOC) fixes a level at which the Yuan (Renminbi) will trade against the U.S. dollar within China. On Wednesday, the central bank sets the Yuan midpoint at 6.9996 per dollar. But by Thursday, it crossed the red line and breached the 7 level – […]
... written on Aug 08 2019In retaliation for Donald Trump’s announcement last week of new 10% tariff against an additional US$300 billion of Chinese goods, effective September 1, Beijing has finally fired its biggest shot since the trade war started in March 2018. It devalues its currency Yuan (Renminbi) and officially suspends purchases of American agricultural products. As a […]
... written on Aug 06 2019In March 2018, about 17 months ago, President Donald Trump confidently – even arrogantly – said that trade wars are good, and easy to win. His first shot at Mexico, imposing a 25% tariff on steel and a 10% tariff on aluminium, helped spark a 420-point drop in the Dow Jones Industrial Average (DJIA) and […]
... written on Aug 05 2019A day after the Wall Street crashed 333 points as a result of less than impressive interest rate cut by the Federal Reserve, the stocks made an incredible rally – skyrocketed to as much as 311 points – until Trump spoils the party. The president dropped a bombshell when he declared an additional 10% tariff […]
... written on Aug 02 2019
