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  The Money Flower and why Bitcoin is a ponzi scheme
Posted by: superadmin - 02-16-2022, 02:22 PM - Forum: Business, Economy and Investment - No Replies

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  Investment banks say it’s time to buy Chinese stocks
Posted by: superadmin - 02-16-2022, 02:05 PM - Forum: Business, Economy and Investment - No Replies

From Credit Suisse to Goldman Sachs, investment banks say it’s time to buy Chinese stocks
  • More and more international investment analysts say it’s time to buy mainland Chinese stocks, ahead of expected government support for growth.
  • Bernstein and Goldman Sachs, in particular, have released thick reports on the investability of Chinese shares.
  • However, not all investment analysts are as optimistic. Morgan Stanley, Bank of America and J.P. Morgan Asset Management are neutral on mainland China.
[Image: 106369585-1580734581276rts30m7p.jpg?v=15...=740&h=416]

BEIJING — More and more international investment analysts say it’s time to buy mainland Chinese stocks, ahead of expected government support for growth.

On top of the pandemic’s drag on the economy, heightened regulatory uncertainty since last summer has generally kept foreign investors cautious on Chinese stocks.

But that’s starting to change for some investment firms in the last several months.

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  Giant panda new ‘evil’ to US anti-China lawmakers
Posted by: superadmin - 02-16-2022, 01:50 PM - Forum: Politics - No Replies

[Image: 0a2974a8-5055-4a69-8135-dec5a9263040.jpeg]

Former US president Richard Nixon, a Republican, made a historic trip to China in 1972, unveiling a new page for US-China relations. But 50 years later, more Republicans take China as a threat with an ideology-centered perspective, as some even began manipulating the symbols of peace and love like the panda and long-term giant panda cooperation research, and breeding programs between China and zoos overseas have now become a new target for the anti-China campaign. The trend reflects a failing country and hysteria of some US politicians, Chinese experts said. 

By combining the latest panda bill introduced by Republican Nancy Mace with a decades-long tradition between China and the US in terms of offering pandas as a gesture of friendship, the New York Times ran an article on Sunday questioning whether it's time to change such a tradition, with so-called experts saying that pandas are seen as a way of "softening China's authoritarian image."

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  MCA aiming to win six seats in Johor, says voters no longer angry with Najib
Posted by: superadmin - 02-16-2022, 01:22 PM - Forum: Politics - No Replies

[Image: najib_kl_court_ha_2701_(2).jpg]

KUALA LUMPUR, Feb 16 — MCA believes that it can win up to six seats in the upcoming Johor state elections by riding on Barisan Nasional’s (BN) formula of stability and economics, said a report in The Malaysian Insight.

Johor MCA secretary Ng Keng Heng told the portal that the party could win as many as six seats, including Yong Peng and Pekan Nanas in which it has some history.

“A stable state government will help reboot the Johor economy by providing better business opportunities,” Ng was quoted saying.

Yong Peng comes under the Ayer Hitam parliamentary constituency, which party president Dr Wee Ka Siong won in the 2018 general election while Pekan Nanas is under the Tanjung Piai parliamentary constituency.

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  No consensus on what defines anti-hopping, says Wan Junaidi
Posted by: superadmin - 02-16-2022, 09:26 AM - Forum: Politics - No Replies

[Image: WAN_JUNAIDI_TUANKU_JAAFAR_GPS_SANTUBONG_...2020-4.jpg]

PETALING JAYA: While it is imperative to have an anti-hopping law to ensure confidence and good governance, there is no consensus on the term “anti-hopping”, law minister Wan Junaidi Tuanku Jaafar said today.

He said each political party may have their own definition of what it means and what it covers.

“Is it simply hopping from one party to another or from one coalition to another? How about unregistered and independent members who were expelled from parties? Is that considered party-hopping?” he asked during an Agenda Awani segment on Stabilising Malaysia’s Democracy today.

He pointed out that unless proper and adequate engagement on the issue with relevant stakeholders was held, it would be difficult to formulate an anti-hopping law.

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  Political ‘dinosaurs’ holding back rise of new leaders, says analyst
Posted by: superadmin - 02-16-2022, 09:22 AM - Forum: Politics - No Replies

[Image: Voters-PRK-Slim-SK-Aminuddin-Baki-290820-FMT-1.jpg]

PETALING JAYA: Malaysia will struggle to produce extraordinary leaders because heads of political parties are clinging to power and refusing to make way for the next generation, says a political analyst.

“It is almost like they do not want to place their faith in these new, young and upcoming leaders,” said Awang Azman Pawi of Universiti Malaya.

He described the top leaders as “political dinosaurs”, and gave the examples of Dr Mahathir Mohamad playing an active role in politics at the age of 96, and Tengku Razaleigh Hamzah, still serving as an MP in his 80s. Many leaders of other parties, including Lim Kit Siang, had also been around for decades.

He said the problem was not because Malaysia could not produce extraordinary leaders, but the rise of younger leaders with fresh ideas was stymied by those from “bygone eras”.

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  Courts must take strict action against non-compliance of orders
Posted by: superadmin - 02-15-2022, 03:23 PM - Forum: Local News - No Replies

[Image: 13102020-KULpalace_of_justice_federal_co...-SYEDA.jpg]

A FEW days ago, online news portals carried news of a mother of three who lost her kids to an absconding husband.

Earlier in January, the Federal Court affirmed the quashing of the unilateral conversion of 5 children by the Court of Appeal when it refused to grant leave to the Selangor Islamic Religious Council (Mais) to appeal.

In 2018, the Federal Court delivered a landmark ruling in the case of Indira Gandhi Mutho v Perak Islamic Department director & Ors that the consent of both parents of a civil marriage must be obtained before a Certificate of Conversion to Islam can be issued in respect of the child.

A common fact in all these cases was that there was non-compliance of court orders either by parties to the suit or by government agencies.

Article 126 of the federal constitution reads, “The Federal Court, the Court of Appeal or a high court shall have power to punish any contempt of itself”.

Arduousness in executing an order passed by the court, no matter how serious its consequences may be, is no excuse for non-compliance.

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  Trump company's accounting firm says 10 years of financial statements are unreliable
Posted by: superadmin - 02-15-2022, 03:13 PM - Forum: Business, Economy and Investment - No Replies

Trump Organization's accounting firm says 10 years of financial statements are unreliable

[Image: 200928113202-02-trump-briefing-taxes-092...us-169.jpg]

New York (CNN)Former President Donald Trump's long-time accounting firm informed the Trump Organization last week that it should no longer rely on nearly 10 years' worth of financial statements and that they would no longer be their accountants, citing a conflict of interest.

"We have come to this conclusion based, in part, upon the filings made by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources," Mazars wrote in a letter to the Trump Organization chief legal officer, advising them to no longer rely on financial statements ending June 2011 through June 2020.

"While we have not concluded that the various financial statements, as a whole, contain material discrepancies, based upon the totality of the circumstances, we believe our advice to you to no longer rely upon those financial statements is appropriate."

The company also advised the Trump Organization to inform any recipients of the statements, such as lenders or insurers, to not rely on the statements.

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  Muda’s maiden election candidate Amira says spurred into politics by ‘Sheraton Move’
Posted by: superadmin - 02-15-2022, 03:05 PM - Forum: Politics - No Replies

[Image: Amira_Aisya_Abd_Aziz_muda_1502.jpg]

KUALA LUMPUR, Feb 15 — Malaysian United Democratic Alliance (Muda) secretary-general Amira Aisya Abd Aziz has said that her decision to participate in politics was influenced by the 'Sheraton Move' which saw the collapse of the Pakatan Harapan (PH) government in 2020.

Posting on Twitter after being nominated as Muda’s first election candidate to contest the Johor state election, Amira said she could not bear any longer to watch her friends fight on her behalf in the political arena.

“Growing up in a family with no political background, I never thought today would happen. The Sheraton Move for me is a point of collapse of democracy in Malaysia,” she said in a Twitter thread.

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  The outlook for bitcoin as geopolitical tensions heat up and interest rates rise
Posted by: superadmin - 02-15-2022, 02:55 PM - Forum: Business, Economy and Investment - No Replies

Here’s the outlook for bitcoin as geopolitical tensions heat up and interest rates rise

[Image: 107005904-1643117857182-gettyimages-1237...=740&h=416]

The bitcoin narrative could be tested this week as investors monitor tense developments between Ukraine and Russia and weigh the possibility of the Federal Reserve hiking interest rates by 50 basis points, or 0.5 percentage points, in March.

The largest cryptocurrency by market capital currency has long been regarded by early investors and enthusiasts as a safe haven asset — one that ideally could offset risk in investors’ portfolios and limit exposure to negative shocks.

However, in recent months bitcoin has has been trading like equities, specifically like riskier growth-oriented stocks. It’s still recovering from a big drop from earlier in the year, when rising rates led investors to shed positions in tech and other risky assets.

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