Market opens below 1,600

The Malaysian KLCI today opened below 1,600 for the first time since 2015, contrary to the papers saying that it "rebounded" from the day before. Quoting the Malay Mail (who took a Bernama piece): At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 6.58 points to 1,599.46, after opening 5.48 points higher at … Continue reading Market opens below 1,600

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If everyone’s racist…

Joan Lau of the Malay Mail wrote a brilliant commentary on their website on how we are all racists. And honestly, I love this one quote she wrote: We, as communities, fight for our “rights” and are not willing to give a centimetre because we think in previous times we have already given away too … Continue reading If everyone’s racist…

Column – More to affordable home equation

HOUSING and Local Government Minister Zuraida Kamaruddin announced that the government will now allow student loan defaulters to be exempted from housing loan rules. I am not sure how the CCRIS system of credit checks will allow this. A credit score in the system is affected even by the payment of utility bills. And how … Continue reading Column – More to affordable home equation

Selling off PLUS needs answers

Selling off PLUS needs answers By Hafidz Baharom It comes as quite a surprise that the government is considering to sell off their stake in the North South Expressway toll concessionaire PLUS to Maju Holdings. Though to be fair, it was even more surprising that Utusan Malaysia is in support of the deal. That is … Continue reading Selling off PLUS needs answers

Why Khalid Samad is right about closing nightspots on time

If you haven't read or heard, Federal Territory Minister Khalid Samad has been pushing for nightspots to close according to their licensed closing hours in Kuala Lumpur. This was earlier met by brickbats by certain activists and even the industry. But honestly, if you bought a license that allows you to operate only up to … Continue reading Why Khalid Samad is right about closing nightspots on time

By hook or by crook politics of patronage

Patronage politics is not new. It has been going on for some time, particularly if we look at rural areas of the predominantly Malay diaspora. You can even draw the scene to be similar to that seen in "The Art of Killing" - an Indonesian documentary regarding those who carried out the anti-communist purge in … Continue reading By hook or by crook politics of patronage