The advent of technology brought about many solutions to life at our fingertips. We are just a few swipes away from Google or YouTube and most answers we seek are within reach, from solving a riddle to cooking recipes.
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As the 19th Communist Party Congress concluded in Beijing on 24th October 2017, President Xi Jinping consolidates his power within the Chinese Communist Party by sending a message to the world of a unified, strong and determined government for the next five years.
Duit Kutu. Years ago, I was introduced to this term by an associate of mine over coffee. It was a scheme he played with 11 other trusted friends from secondary school. In all simplicity, everyone contributes RM100 to a poll every month and one person takes home the entire pool. Every one gets their turn on a pre-drawn basis. The finance heart of mine took over immediately and questions started firing.
*First published in Legacy's Market Outlook May 2017 edition, part of Here In Asia series
We resume our Here In Asia series after covering a few interesting global events in the past months, after the election of Trump as president and global market rally for the first quarter of 2017. What is in store next for the remainder of the year? Many had not noticed, that February 4th 2016 marks the date when Malaysia sealed it’s membership into the trade agreement which supposedly aims to expand market reach, reduce tariffs and promote freer trade amongst it’s members. The ambitious pact, a culmination of 5 years and 19 rounds of tough negotiations represents 40 per cent of global gross domestic product worth US$30 trillion (RM124.678 trillion). Malaysia, which joined the TPPA in the third round of negotiations in October 2010, will see its GDP increase by US$107 billon to US$211 billion over 2018-2027. Investments are projected to increase by US$136 billion to US$239 billion over 2018-2027, largely due to higher investment growth in textiles, construction and distributive trade.
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