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In a move widely anticipated by Wall Street, the Federal Reserve unanimously raised its benchmark interest rate by a quarter percentage point – with a possibility of one more increase in the cards before year-end. Effectively, the rate hike moves the central bank’s target range on the overnight
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For months, many investors had viewed the 4.5% yield on the benchmark 10-year note as an attractive point to step in and buy bonds. But as yields surged through that level, market participants adjusted their view and opinion. Analysts and economists then believed that the 10-year yield was headi
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On the day the United States remembered the terrorist attacks 25 years ago, Malaysia was almost hit by a huge explosion on September 11 – a sudden release of Najib Razak from jail. Currently in Kajang Prison, Najib was scheduled to complete his term only on Aug 23, 2028 after securing a part
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Brent, the international benchmark, jumped above US$99 a barrel on Tuesday (Sept 8) - the highest since July - after Iran-backed Houthi militants in Yemen conducted strikes on energy infrastructure in Saudi Arabia. The oil prices also jumped as a result of retaliation from the U.S. that d
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Don’t criticize UMNO-Malays as we need their votes in the next general election - Anwar Ibrahim told Anthony Loke Siew Fook, the secretary-general of Democratic Action Party (DAP) who gladly obliged after Anwar-led Pakatan Harapan (PH) coalition formed a unity government with UMNO-led Barisan Nas
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Donald Trump hails “historic” deal for the U.S. to control 65 billion barrels of Venezuela's oil, which critics slammed as a deal made at “gunpoint”. Of course, the U.S. has denied that the energy deal, which the U.S. president bragged as “the biggest oil deal in world history”, is an e
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Despite approval rating hitting 32%, Donald Trump’s worry isn’t about re-election or the Iran war. Instead, the U.S. president, whose second-term has seen the Dow Jones, S&P 500 and Nasdaq rallied 57%, 70%, and 142% respectively, is deeply worried about a stock market crash. After all, he h
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A day before former human resources minister M Saravanan was charged on Friday (August 28) with receiving bribes amounting to RM1.097 million to approve foreign worker quotas, he publicly trumpeted how he had written to Prime Minister Anwar Ibrahim on Wednesday about what he called the Malaysian An
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Everybody from teachers to retirees joined South Korea’s stock market frenzy, betting prices would rise forever. Samsung Elecronics share price was up by 320% in June 2026 – a staggering jump from October 2025. In the same period of nine months, SK Hynix jumped by 710%. KOSPI Composite Index sk
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Wall Street's massive data edge is evaporating. The elite technology that once required a multi-million-dollar quantitative setup, dedicated server rooms, and teams of PhD mathematicians is now sitting on consumer laptops. This isn't about magical market forecasting or finding a flawless crystal ba
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March 11th, 2014 by financetwitter
Global Times, one of China's government mouthpieces have expressed its displeasure at Malaysia government. Apparently, the pro-Beijing newspaper couldn't afford anymore of Najib administration's "slow motion" in handling the disappearance of flight MH370 crisis. Indirectly, Beijing was telling Putra [...]
March 9th, 2014 by financetwitter
Malaysia Airlines flight MH370 has definitely crashed by now, for the simple reason that the aircraft will not have anymore fuel (only 7½ hours) left to fly. The flight was declared missing about 90-minutes after it was due to land in Beijing. Vietnamese Air Force also found a 20km-long oil slick b [...]
March 5th, 2014 by financetwitter
Malaysia's Multimedia Super Corridor, popularly known as MSC in the 90s, will celebrate it's 20th birthday in 2016; that's 2 years from now. Besides Proton, MSC was another pet project by former prime minister Mahathir. MSC was supposed to leapfrog the country into the 21st century by having an inno [...]
February 25th, 2014 by financetwitter
Samsung has just unveiled the much anticipated new Android smartphone - the Galaxy S5. Samsung claims its new "super phone" has everything under the sun - a professional camera, a powerful fitness tracker, water and dust proof, a fingerprint sensor, a heart-rate sensor and whatnot. It even has the i [...]
February 21st, 2014 by financetwitter
Have you notice food prices have already been increased since early of the year? If your normal basic "Wantan Mee" was RM5.00 last year, it's RM5.50 now - that's 10% increase. A plate of "Mee Goreng" at Mamak stall is now RM4.00 when it was RM3.50 three months ago. Of course if you stay in area such [...]
February 6th, 2014 by financetwitter
Malaysian Chinese are still celebrating the Year of the Wooden Horse. Noticeable, there were fewer shoppers this year. The main culprit - high prices of goods. Instead of spending and showing off at restaurants, many chose to spend time at home during reunion dinners. Instead of chatting about (*yaw [...]
January 24th, 2014 by financetwitter
Malaysia is facing bankruptcy and PM Najib Razak was not talking nonsense when he made the threat. So, it's either GST at 6% or he's flying off to Bahamas for good, leaving Malaysians to settle the nation's debt. The country has proudly accumulated more than RM550 billion in gross debt from 1990-201 [...]
January 6th, 2014 by financetwitter
Both PM Najib Razak and opposition de-facto leader Anwar Ibrahim are smiling. And how could you blame them when the fool-proof punching bag - religion - is being used again (*yawn*) to divert attention. The prime minister can now sleeps soundly because peoples' anger about new taxes, utilities rate [...]
December 27th, 2013 by financetwitter
When the time is tough, people tends to go out for food especially fast-food restaurants. Unless you've an army family to feed, sometimes it's more economical to eat outside rather than cook on your own. The reason is pretty easy - raw ingredients are getting expensive regardless whether it's chicke [...]
December 20th, 2013 by financetwitter
Christmas is around the corner. You probably have bought most of your Christmas's gifts. In case you have not, this weekend could be your last chance to swipe your credit cards like crazy. It's hard not to use credit cards nowadays, especially with the escalating cost of living. Consumers, particula [...]
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