Taxes
Before the currency stop trading for the weekend, the Malaysian Ringgit was trading as high as RM3.9530 to a U.S. dollar. After the closing bell, it settled at RM3.9220 to a buck. So, does this mean RM3.90 is a new support level and the ringgit can never strengthen to RM3.80 anymore, at least for the […]
... written on Aug 10 2015Saudi Arabia is starting to learn the real meaning of “what goes around, comes around”. It’s a public knowledge that Saudi Arabia had funded the 9/11 attacks, and they were pretty happy about their ability in creating havoc against the world’s superpower. Unfortunately they couldn’t control and contain the monster that they’ve created. What did […]
... written on Aug 06 2015The 1969 bloody racial riots were started by Tun Abdul Razak, together with Selangor Chief Minister Harun Idris, in a coup d’état against the first prime minister Tunku Abdul Rahman. This year, 46-years later, the same mastermind’s son – Najib son of Razak – is not only tainted with multi-billion dollar corruption, but also hit […]
... written on Jul 16 2015Last October, a gangland feud reached its climax when a gangster fellow lobbed some grenades, as if they were hamburgers, at Cherry Blossom nightclub in their attempt to kill another triad “Taikor”. Kuala Lumpur Police, of which its HQ located just a stone’s throw away, swung into action. Nine months later today, not a single […]
... written on Jul 13 2015Are these clowns playing a childish game meant for 5-year-old kids? First, the Greeks pride got the better of its debt, so Prime Minister Alexis Tsipras rejected a bailout offer, which he has dismissed as a “humiliation” for Greece. Despite economic chaos because the country was running out of money, hero Tsipras was adamant about […]
... written on Jul 10 2015Today, Malaysian ringgit hits another new low – RM3.8348 against the U.S. dollar, before settles at 3.7974. As expected, Bank Negara (Central Bank) has been working extra hard to ensure the local currency doesn’t breach above RM3.80 psychology level. But for how long can Governor Zeti keeps pumping foreign reserves to support the ringgit? […]
... written on Jul 09 2015If only Najib had not imprisoned opposition supremo Anwar Ibrahim. If only Auntie Rosy had convinced her hubby to open files on Mahathir’s past corruption. If only Najib had contained his deputy Muhyiddin by secretly reopen his past “Stamford” scandal. If only Najib’s cash boy Jho Low hadn’t been partying with Paris Hilton so openly […]
... written on Jul 08 2015Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday. Results showed 61% voted “NO” compared with 38% for “YES” with 97% of the vote counted. Thousands of jubilant government supporters celebrated in Syntagma Square in front of Parliament, waving Greek flags and chanting “No, No, No!” It was a sweet victory for […]
... written on Jul 06 2015Have you watched the two films we recommended about a year ago? Flashback – “Inside Job” and “The Wolf of Wall Street”, released in 2010 and 2013 respectively, are two movies you must watch to understand the reality of financial markets. And in case you’ve missed our previous article, go read about “30 Investing Tips & […]
... written on Jul 02 2015Reaching economic meltdown, there’re basically two types of business that are still booming in Greece – tourism and flag sales. Tourists are still coming in drove while flag salesmen are doing roaring business, thanks to a pending July 5th referendum to decide if Greece will eventually exit from the euro zone or otherwise. Greece, the […]
... written on Jun 30 2015
