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Economy 101

Anything to do with economy, budget, taxpayers money and trade

Economy 101: Cryptocurrency: Fueling a New Economic Paradigm

Cryptocurrency Money Cash Investment Economy

is defined as a digital or virtual form of that employs cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks that utilize . This revolutionary technological framework enables secure, transparent, and efficient transactions over a peer-to-peer network without the need for intermediaries such as or payment processors. Photo by David McBeeRead More »Economy 101: Cryptocurrency: Fueling a New Economic Paradigm

Economy 101: The Indian Community in Malaysia & The Painful Challenges

Malaysian Indian

The Indian diaspora is the largest in the world, with the Ministry of External Affairs reporting a total of 35.4 million Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) living abroad as of May 2024. The United States, the United Arab Emirates, and are among the top destinations for Indian migrants. This vibrant community contributes significantly to the workforce and cultural diversity, reflecting India’s historical ties and its growing influence on the international stage. Image source: X / Govt of India

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Economy 101: BlackRock Investment Company – Critical Information

BlackRock Investment Shareholding Shares

, the world’s largest manager, has a diverse portfolio that includes significant stakes in some of the largest companies globally. As of early 2024, their top equity holdings encompass leading tech firms such as Apple, Microsoft, Amazon, and Google. Additionally, it owns several investment management and platforms, having acquired companies like Merrill Lynch Investment Management and Barclays Investor to bolster its capabilities. Image source: Sumber Kini

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Money 101: eGUMIS System – Faster Reclaiming Unclaimed Money Process

Brunei Dollar Money Unclaimed eGumis

Unclaimed is a common phenomenon in many countries, including which has the system for refunds. It refers to funds left untouched or where the account has been left format without any transactions in various financial institutions, such as , insurance companies, and agencies, for an extended period.

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Economy 101: The 10 Biggest Shipping Companies in the World

Suez Canal Shipping Trade Economy Container

Shipping plays a crucial role in the , facilitating the movement of goods and connecting businesses across continents. In 2021, the biggest news in international trade was the incident of a large container getting stuck at the Suez Canal, disrupting shipping for 6 days. Image source: The New York Times

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Economy 101: MM2H Programme – The Good, Bad & the Ugly

MM2H Numbers

The My Second () programme, introduced in 2002 by the Malaysian , is a unique initiative that offers numerous benefits to both the country and its foreign . Image source: Possessed Photography on Unsplash

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Economy 101: Seriously, What Drives The Big Economy?

Hadi Awang PAS Taliban PN Islamic Economy

Despite one can dismiss this as another dumb statement from the leader where he openly says that the liberalisation of the capitalist-based & not an Islamic one is the root of the suffering of the people, the question is what makes or breaks the economy of the country like how it did in Venezuela? Image source: Malaysiakini/Twitter

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Budget 2023: Why We Are Not Addressing Financial Leakages & Wastages?

National Budget Malaysia Economy Deficit

always had a deficit national where The had always spent more than what it can collect except for the so-called golden years between 1993 to 1997 when the budget recorded a surplus and also low deficit budgets in between. Image source: Trading Economics.

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Budgeting 101: Easy Project – Replacing Dead Air Conditioner Electrical Switch

Electrical Diagram

When there is a fault in the systems in the house, it pays greatly to have some background knowledge on using the right tools and what the different colours of the electrical cables mean. Thankfully the electrical semantics at is not so completed when it comes to changing the bulb or adding electrical appliances to an existing setup. Image source: Flickr.

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Economy 101: Seriously, Is Malaysia’s External Debt As Bad As Sri Lanka?

Sri Lanka Riot External Debt

COVID-19 pandemic, and corruption have driven some countries into severe external debts that they were unable to recover from and this saw massive public riots that had driven the involved out of their country. One such example is where the President of the country had fled the country and the country is in a major riot. Image source: BBC

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Economy 101: The Truth Behind Malaysia’s Chicken Shortage

Fried Chicken Food KFC

When it comes to meat protein, one of the best and healthier ones is sourced from fish and meat but due to overfishing and sometimes weather, fish sold in the market is not cheap. So often we will turn to chicken especially freshly cut ones as the more affordable source for our protein source. Photo by Pixabay from Pexels

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Economy 101: Is This Why Cooking Oil Price Insanely High in Malaysia?

Palm Oil Cooking Forbes Graph

We use palm oil as the mainstream as it is the obvious option and can easily get it as is one of the largest exporters of in the world after neighbouring . Of course, if one has the , they can opt for the more imported vegetable oils like canola or olive oil. Chart source: Forbes / Statista

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