Friday, 23 June 2017

Selamat Hari Raya. Twist in my sobriety

Is the 1988 , US and UK top 30 hit by Tania Tikaram, whoes mother is a Malay from Malaysia. The song remains the highest charting single by a Malay, who originates from Malaysia.

Selamat Hari Raya Everyone. If you feel that there is a twist in Your sobriety, you are not alone!!!!

Malaysia. Issues

Is the smash hit from Julia Michaels. Malaysia has some serious issues thanks to the 1MDB scandal.

One fears that what is happening now is just half way through the iceberg.

Read below, on the rating issues that could come haunt us. The report is from CNBC :

Malaysia's sovereign rating may be in trouble as an ongoing corruption saga threatens to destabilize the nation's fiscal position, S&P Global Ratings has warned.

In a Thursday statement that affirmed the Southeast Asian country's A-/A-2 foreign currency and A/A-1 local currency ratings, S&P said Kuala Lumpur's outlook remains "stable" but noted that the scandal surrounding state investment fund 1Malaysia Development Berhad (1MDB) and upcoming elections could challenge ratings in the near-to-medium term.

"Those challenges could manifest themselves via a rise in the cost of refinancing Malaysia's sizable gross external financing needs, or via nonresident outflows from Malaysia's deep local-currency government bond market," S&P said.

Tuesday, 20 June 2017

Najib Razak. What If

Is the smash hit for Kate Winslet, the lead actress in the movie Titanic.

The song is taken from the album flying home for Christmas.

Just, like how the Titanic, was labeled the unsinkable ship, the Diplomat has labeled Najib as the unsinkable.

What if, such articles are being circulated to inflate the confidence of Najib, who has backed off from slapping GST on 60 goods yesterday.

Najib is also facing pressure on 1MDB, a challenge from Mahathir Mohamad and an economy that is no longer up grading the poor to middle class in numbers.

What if , What if..... Read Malaysiakini :

Leaders in Western democracies would have been doomed, but Prime Minister Najib Abdul Razak has managed to survive a series of unprecedented scandals, according to The Diplomat.

This, said the current affairs magazine, is because, in Malaysia, politicians dance to a different tune.

In an article titled “The Unsinkable Najib Razak”, The Diplomat said Najib is also expected to retain his grip on power

Sunday, 18 June 2017

Part 2. Malaysia. This summer's Gonna Hurt Like A Mother Fucker

Is as we know now, is the smash hit by Maroon 5.

Last week, I told you, that for Malaysia, this summer is gonna hurt like a mother fucker.

Since then we have had the 1MDB scandal hitting global newsstands , ensuring that there is no general election this year.

My main grouse why this summer's gonna hurt like a mother fucker was the GST.

Malaysiakini has the latest GST report , read below, and with that your teh tarik and Nescafe tarik price is going to go up :

The goods and services tax (GST) will be imposed on fresh food items and more processed food items starting July 1.

China Press reported this included some seafood, vegetables, and fruits, tea, coffee, spices, and noodles. 

New items reportedly to be levied the GST include spinach, long beans, peas, potatoes, sweet corn, grapes and coconut oil. 

Customs Department director-general Subramaniam Tholasy confirmed this and said a statement will be issued soon, The Star reported.

“It’s only a few items not consumed by the masses,” he reportedly said.

Introduced on April 1, 2015, at six percent,  the GST is now zero-rated for fresh food items

Malaysia. Thank You

Is the 1969 hit from hard rockers Led Zeppelin.

It seems, Myanmar now wants to lift it's foreign workers ban on Malaysia.

Malaysia, should say thank you, but you can go fly kites to Myanmar.

CN Asia, has the story. Read Below :

By Sumisha Naidu

KUALA LUMPUR: The Malaysian government says it is unaware of Myanmar's plans to lift a ban imposed in December on workers coming to Malaysia.

The Myanmar government had told Channel NewsAsia it could lift the freeze as soon as this month. The Labour, Immigration and Population Minister says it is waiting for a final confirmation that it will be safe for Myanmar workers to return.

The ban was issued in the wake of Malaysia's vocal criticism of Myanmar's alleged mistreatment of its ethnic minority, the Rohingya,

"The world cannot sit by and watch genocide taking place," Prime Minister Najib Razak had said at a pro-Rohingya rally in Kuala Lumpur in December, slamming Myanmar's de-facto leader Aung San Suu Kyi as well.

Saturday, 17 June 2017

Ringgit Malaysia. We Came To Bang

Is the massive club hit from 3Lau featuring Luciana.

We came to bang, is an understatement to what the barbarians at the gate have in store for Ringgit Malaysia.

Currently trading at RM4.28 against the US dollar and RM3.09 against the Singapore Dollar....We came to bang bang..we came to bang!!!

Friday, 16 June 2017

Get Ready. Higher Pump Prices. 2U

Is the latest smash hit featuring David Guetta and Justin Bieber.
2U or is it for you, higher pump prices at the petrol stations, after Hari Raya.
Bloomberg has the story, from a global point of view, why price of fuel will tank . Read below :

As if a mini-collapse in oil prices wasn’t bad enough for OPEC, the pattern in which futures contracts are trading years from now has flipped into the worst possible structure for the exporter group.

Brent and West Texas Intermediate crudes, down almost 15 percent since late May, are both trading in contango, where forward prices get higher all the way into the next decade. While it’s a structure that normally denotes weak demand for spot cargoes, the price pattern could also be bad news for the Organization of Petroleum Exporting Countries as it can sometimes tempt producers outside the group to lock in output for future years.

Saudi Arabia is among nations that have been saying for months that a re-balancing is under way in the oil market after OPEC and other producing nations agreed late last year to cut production. That view was undermined in recent weeks by data showing that combined stockpiles of crude and fuels in the U.S., still the biggest consumer, swelled by 22 million barrels. The International Energy Agency in Paris suggested Wednesday that there’s little sign 2018 will be much better.