Taxes
Mahathir has announced that the highly controversial and super expensive HSR (high-speed rail) project is being “postponed”, not “cancelled”. Whether that was a U-turn from a 93-year-old man or was a clever strategy remains to be seen. Assuming it is just a postponement, will Singapore insist of having the new Malaysian government pay for the […]
... written on Jun 14 2018President Donald Trump did not appear to be listening during some of the trade presentations in Quebec, Canada. Trade dominated the 2-day summit that began on Friday with leaders of Germany, France, Japan, Canada, Britain and Italy returning to the topic repeatedly – simply because “Trump the Menace” kept making troubles to the powerful nations. […]
... written on Jun 10 2018Donald Trump may sound super-tough as the U.S. positions itself for a trade war with China. However, if numbers are any indicator, the U.S. president appears to be fighting a losing battle against the Chinese. For the first 4 months of 2018, America continues to register huge trade deficit with its rival trading partner. […]
... written on Jun 07 2018Zero GST Today!! – These Graphics Show Why GST Was Disastrous To People But Loved By Najib Very Much
Effective today (June 1st), the highly unpopular GST (goods and services tax) is zero-rated from 6 percent. People are celebrating as suddenly everything has become 6% cheaper. From computer to Mercedes Benz, everybody wants to have a piece of the meat, before the new SST (sales and service tax) kicks in effective September 1st. […]
... written on Jun 01 2018The world is having terrible headache dealing with American President Donald Trump. This is perhaps the most flip-flop president the country has ever had. After telling all and sundry that he will meet North Korean Kim Jong-un, the U.S. leader scrapped the plan, only to revive it. It’s safe not to bet if the summit […]
... written on May 31 2018Between 2000 and 2007, Moody’s doled out AAA ratings to 30 mortgage-backed securities every day. When the 2008 subprime crisis finally hit the United States, 83% of those first class securities became junk – they were downgraded. The funny part was – Lehman Brothers’ own debt still had an investment grade rating when it filed […]
... written on May 25 2018Taxpayers’ Money Secretly Used To Bailout 1MDB – Here’s Why Snake Oil Salesman Arul Should Be Jailed
Our previous article showed how the disgraced former Prime Minister Najib Razak mismanaged the country and plundered the national coffers to the brink of bankruptcy. After Prime Minister Mahathir Mohamad expressed his displeasure, the new Finance Minister Lim Guan Eng has confirmed that Malaysia is indeed saddled with over RM1 trillion debts. One of […]
... written on May 23 2018We wish to say “I told you so” again. But to hear it from the horse mouth – Mahathir – is equally satisfying. Yes, Malaysia has already breached the RM1 trillion marks, for the wrong reason. Speaking for the first time to staff of the prime minister’s office, Mahathir revealed the troubling debts accumulated, thanks […]
... written on May 22 2018What does Hillary Clinton and Najib Razak has in common? They are terrible sore losers. Back in November 2016, the Reuters / Ipsos States of the Nation project gave Clinton a 90% chance of defeating Trump, seeing her on track to win 303 Electoral College votes out of the 270 needed, to Trump’s 235. Like Clinton, the […]
... written on May 21 2018Brent crude oil, the international benchmark for oil prices, breached US$80 a barrel on Thursday for the first time since 24th November 2014. However, the contract eased back to below US$80. Trading at US$79 now, it appears the commodity is looking for excuse to breach the US$80 again. And it’s President Trump’s fault. Last […]
... written on May 19 2018
