This is my entry for Sunway Economics Society’s essay competition which won me 1st Place. It is about ways Malaysia can achieve a green economy: Since COP26 and the 12th Malaysian plan, Malaysia has set out to be carbon neutral by 2050. However, there are no comprehensive details on how Malaysia will get there, withContinue reading “A Green Malaysia”
Author Archives: khoowenglum
16/1-22/1
Business Microsoft agreed to buy Activision Blizzard, the company behind the Call of Duty series and Warcraft, for $69bn. Microsoft is hungry for new content as it seeks to develop a Netflix for games, which can be streamed from any device, such as phones, and not just its Xbox console. Gaming “will play a keyContinue reading “16/1-22/1”
9/1-15/1
Business JPMorgan Chase posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6% as analysts expressed disappointment over its forecasts for future profitability. America’s largest bank warned that its return on tangible capital equity (ROTCE), a key metric which measures how well a bank uses shareholder money toContinue reading “9/1-15/1”
2/1-8/1
Business Toyota sold more cars in the United States than General Motors in 2021, the first time that gm has lost the annual crown of America’s biggest car seller since the early 1930s. The Detroit giant was hit particularly hard by the global shortage of computer chips, causing it to curtail production sharply. Its Japanese rival had stockpiled chips, leavingContinue reading “2/1-8/1”
19/12-25/12
Business More than 3,000 flights were cancelled on Friday and Saturday as a wave of covid-19 infections, fuelled by the Omicron variant, led to staff shortages for airlines around the world. Early data suggest that Omicron is less severe than other variants, but its rapid spread has prompted several countries to reimpose restrictions. Tesla isContinue reading “19/12-25/12”
What is Abenomics ?
No, I did not spell “Economics” wrongly. The term “Abenomics” exists. Abenomics was coined after a former Japanese Prime Minister’s economic policies. The prime minister’s name is Shinzo Abe (pic). Why did Japan need Abenomics ? As the 3rd largest economy in the world, Japan’s economy did not have a very bright future outlook sinceContinue reading “What is Abenomics ?”
12/12-18/12
Business Pfizer said on Monday it would buy drug developer Arena Pharmaceuticals for $6.7 billion in cash, to add a promising treatment candidate that targets diseases affecting the stomach and intestine. Arena is developing several treatments for gastroenterology, dermatology and cardiology. Pfizer is also developing a treatment for ulcerative colitis, a chronic and inflammatory bowel disease that affectsContinue reading “12/12-18/12”
5/12-11/12
Business The takeover of Arm, a British chip designer, by Nvidia, an American company which designs and sells computer chips, came closer to collapse. America’s Federal Trade Commission sued to block the deal, arguing that it will harm competition. British and EU regulators are also investigating the takeover, though the EU has paused its inquiry. Evergrande defaults on debt. The developerContinue reading “5/12-11/12”
28/11-4/12
Business Grab, one of the most valuable technology companies in South East Asia listed on the NASDAQ in a record $40 billion merger with a SPAC. The deal makes it the largest ever listing on a US stock exchange for a South East Asian company and also the largest SPAC deal in the world. Separately,Continue reading “28/11-4/12”
21/11-27/11
Business Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. Investors were uncertain whether the variant could potentially reverse months of progress at getting the COVID-19 pandemic under control. The S&P 500 index dropped 106.84Continue reading “21/11-27/11”
The Economics Amateur 