Goldman Sachs “cheated” Malaysia, leader Mahathir Mohamad said, after two former bankers from the Wall Street titan were charged over a scandal that allegedly saw billions looted from state coffers. The US Justice Department unveiled criminal charges this month against ex-Goldman bankers Tim Leissner and Ng Chong Hwa, accusing them of working with a Malaysian […]
Infireum: Asia’s Stablecoin Stablecoins are all the rage and in Asia Infireum is making it’s mark as the stablecoin to own. A stablecoin is a cryptocurrency designed to minimize the price volatility. Stablecoins are used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be […]
Bursa Malaysia Bhd (BMYS:KL) Mahathir’s economic vision a hard sell for investors Malaysia’s stock market may be set to repeat the market sell-off in 2015 as trade friction between United States and China escalates, say analysts. They, however, kept optimistic year-end targets of above 1,700 points, meaning the fall which has begun since April this year is expected […]
Winning Weekend for Shane Edwards in Penang, Malaysia Shane Edwards trained a double at a big weekend of racing in Penang, Malaysia. The winning duo were both Australian bred, one by Encosta De Lago and the other by Manhattan Rain Prize money in Malaysia is growing and the increased access for horses to Singapore and […]
Malaysia and the Trans-Pacific Partnership Malaysia’s newly-elected prime minister called Monday for the Trans-Pacific Partnership to be “renegotiated,” and urged protection for small countries in international trade. Malaysia, along with 10 other countries, pushed ahead with the TPP in March despite Donald Trump having yanked the United States out of the huge multilateral trade deal. […]
Big Weekend of Racing in Penang Malaysia Penang – a world renowned exotic holiday destination – was known, once upon a time, as Pulau Pinang or the “Isle of the Betel Nut”. Listed as a UNESCO World Cultural Heritage Site in 2008, this virgin paradise has no shortage of cultural sights and natural scenery. Nicknamed […]
Police are still conducting search at the private residence of former prime minister Datuk Seri Najib Tun Razak in Taman Duta. Several personal items such as handbags, clothes and gifts were seized from the home of former Prime Minister Datuk Seri Najib Tun Razak at his personal residence in Jalan Langgak Duta, Taman Duta here […]
AirAsia May Not Survive Tony Fernandes Politics AirAsia Group Bhd looks set to sink well below the RM3 mark and may well trade in the RM1 to RM2 range long term, it is widely expected that links between the Company and ousted Malaysian Prime Minister will be investigated vigorously. Najib has faced not only a […]
Malaysian Prime Minister Mahathir Mohamad moved swiftly against predecessor Najib Razak just days after his shock election win, banning him from leaving the country and planning to reopen a probe into a multibillion dollar scandal at a state fund that Najib helped set up. Even as a chastened Najib said he would support a smooth […]
AirAsia Downgraded: Fernandes Support of Najib Will have Consequences Ongoing investigations are possible as the relationship between AirAsia, Najib and the Government will come under scrutiny in coming months. The Malaysian aviation regulator will investigate claims made by AirAsia boss Tony Fernandes that he had been “summoned” and told to cancel extra flights for last […]
The Selangor Gold Cup Kuala Lumpur The Selangor Gold Cup is one of the classic races of the Club. The race is also the second leg of the Club’s Triple Crown Series and scheduled to run on Sunday, 20 May 2018. The Triple Crown Series consists of the three Classic Group 1 races of the […]
Mahathir Mohamad, 92, a former Malaysian prime minister who led the opposition to achieve a stunning victory in the general election, took the oath of office on Thursday night, becoming the world’s oldest government leader. Mahathir won the election after his coalition Pakatan Harapan secured 113 seats out of the 222 seats at the parliament’s […]
Ferrari (NYSE:RACE) ‘Pops Up’ in Singapore $RACE Ferrari’s (NYSE:RACE) Inaugural regional pop-up showcase kicks off at the ION Orchard atrium, with the Ferrari Portofino and GTC4Lusso available for public viewing. Ferrari’s newest model, the Ferrari Portofino, will be on display from 5 to 13 May, exclusively at the iconic luxury automotive brand’s inaugural pop-up showcase held at the […]
People are Asking, “Is there more trade pressure coming against China?” Clearly, US President Trump believes that his Administration’s trade threats against China are working and now there is talk of plans to focus on new tariffs and possible blocks to Chinese tech investment in the US. According to an article Thursday in the WS-J, siting […]
Wealth Management HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Real Estate, Mining, Retail, Transport and Agriculture that span every continent of the world. Our partners have unprecedented experience in Equities, Banking, Private Equity, Trading and Funds Management. Managing and Protecting wealth for our clients […]
MH370 Search Continues Malaysian Airlines MH370, with 239 aboard, disappeared in March 2014 while on a flight from the Malaysian capital Kuala Lumpur to Beijing. It has long been believed that the plane crashed into the ocean in the remote region plotted on the simulator. The home flight simulator owned by Captain Zaharie Shah the […]
President Trump, “… the US will not be taken advantages of on trade.” Friday, President Donald Trump warned that the US would no longer “turn a blind eye” to trade abuses. “From this day forward we will compete on a fair and equal basis,” President Trump told a gathering of CEOs on the sidelines of […]
F1: Sepang FP1-2, Vettel, Ferrari (NYSE:RACE) Looking Good $RACE Ferrari (NYSE:RACE) team driver, Sebastian Vettel, drove his Ferrari F1 racer to and impressive showing in Friday’s FP1 practice for the Malaysian Grand Prix, having finished as the fastest driver in the 2nd session. Quaint: Red Bull Racing’s Daniel Ricciardo was surprised. Mr. Vettel posted a new […]
President Trump Challenges China and Globalization BESA Center Perspectives Paper No. 588, September 15, 2017 EXECUTIVE SUMMARY: US President Donald Trump’s decision to abandon the Trans-Pacific Partnership (TPP) marks a fundamental change from Barack Obama’s priorities. It could also create a policy vacuum in Asia, as the US is no longer the driving force behind regional […]
e-Commerce Boosts China-ASEAN Trade One of the Key solutions is to expanding business in China is online. e-Commerce can add billions of RMB Yuan companies sales every month. An increasing number of companies in ASEAN are seeing e-Commerce as a new growth engine for China-ASEAN trade. e-Commerce giants are also trying to tap into a […]
At least 25 people, including students and teachers, have been killed in the fire that erupted at a religious school in the Malaysian capital, Kuala Lumpur. The officials initially gave a death toll of 25 people, but later revised it to 22 students and 2 wardens. Kuala Lumpur police chief Amar Singh told reporters the […]
Xi Sailing BRICS’ Ship on Epic Voyage $GS, $CNY, $LNGVY, $BABA In stormy waters it is common for fishermen in Southeast China to set out to sea in groups. Each boat has its own Captain, but they will discuss fishing strategies when they return from a voyage. Over cans of beer, they argue but soon […]
The Tropicana Cenang, Langkawi project is set to become a world-class tourist destination as well as a family hub for leisure and entertainment Property developer, Cenang Resort will transform Tropicana Cenang into a high-end seafront resort-living lifestyle mixed development The 350-room hotel, Wanda Realm Resort Langkawi will be managed by Wanda Hotels & Resorts, a […]
Panda Bomb (Phenomenons – Riverside Lass by Noalcoholic) heads an elite field of three-year-olds in the RM200,000 Malaysia 3YO Championship Final to be run over 1200m at Selangor Turf Club this Saturday, 15 July 2017. The Australian gelding finished third in the first heat in Ipoh on 21st May, before winning the final and third […]
World War 3: US Must Rid North Korea of Nuclear Weapons North Korea is accelerating its drive to acquire a nuclear-armed missile capable of threatening the United States and other nations, and the US regards this as a “clear and present danger,” US Defense Secretary Jim Mattis said Saturday. Speaking at an international security conference […]
Irresponsible Economists make Wildly Exaggerated Calls for Global Recession The US is decisively in a growth rate cycle upturn, which began last year just after the Presidential election. Very savvy BCA Research Chief Economist Martin Barnes and ECRI Co-founder Lakshman Achuthan provided an outlook of the US economy that surely contradicts the consensus sentiment of […]
YTL Corporation Bhd (KLSE:YTL) Dispute Settled TNB settles dispute with YTL Power Tenaga inks new deal with YTL Power YTL Power impasse ends TNB signs new deals to extend YTL Power’s Paka plant ops YTL Hotels launches new direct booking portal YTL Corporation Berhad is a Malaysia-based investment holding and management company. The Company’s segments […]
CIMB Group Holdings Bhd (KLSE:CIMB) HEFFX Highlights Malaysia’s CIMB to aid Belt and Road financing CIMB Adds Seven Hires at Singapore Private Bank CIMB to get earnings boost from CIMB Niaga CIMB Niaga’s Q1 net profit up 138% CIMB sees better times ahead after clearing provision burden CIMB Group Holdings Berhad is a Malaysia-based provider […]
AirAsia Berhad (KLSE:AIRASIA) Malaysian Tourism on the Rise Tourism Malaysia and AirAsia to promote tourism AirAsia to launch China joint venture Air Asia signs deal to launch new low-cost carrier in China AirAsia X dedicates aircraft to remember late COO AirAsia links up Sihanoukville with Kuala Lumpur Intense turbulence injures five on AirAsia flight AirAsia […]
Malaysia Airports Holdings Berhad (KLSE:AIRPORT) HEFFX Highlights Turkey’s TAV mulls bid for stake in Malaysia Airports unit Malaysia Airports said to plan stake sale in Istanbul airport A Malaysian Airports Customs official shows seized endangered ploughshare and radiated tortoises Alibaba Is Betting Big On Malaysia Malaysia projected to receive three million China tourists in 2017 […]
Doing Business in Asia Requires Expertise There is no reason to compromise high standards when it comes to production and/or personal interactions, Harmony is Key. This is an outline some of HeffX’s expertise in Asia business dealings. Whether you operate in the businesses of manufacturing, services, or in the for-profit education industry arenas, growth brings opportunity. […]
Malaysia is a highly open, upper-middle income economy. Malaysia was one of 13 countries identified by the Commission on Growth and Development in its Growth Report to have recorded average growth of more than 7 percent per year for 25 years or more. Economic growth was inclusive, as Malaysia also succeeded in nearly eradicating poverty. From an economy dominated by […]