Top line is Vanity – bottom line is Sanity
The big news in the world of business is the collapse of the crypto currency exchange FTX. The collapse has wiped billions off the value of crypto currencies and investors have been sent scrambling for cover to lick their wounds. In Singapore, the collapse has been double compounded by the fact that Temasek Holdings, one of...
Malaysia GE Aftermath
The contest of GE has extended into the contest between PH and PN to garner support from other parties and alliances to form the next Gov. Purely from Game Theory perspective, PH should have a slight advantage over PN. The two major block of alliances that could decide who will form the next Gov are BN and Borneo block which...
Chinese RMB as a reserve currency
This is how I see the Chinese RMB becoming a reserve currency: 1. China buys raw materials from other countries and pays in RMB. 2. The exporting country keeps the RMB and use it to pay for products from China. 3. The unused RMB can be kept with the Chinese banking system to earn an attractive interest rate. 4. The RMB can be...
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