English 
简体中文 The online forex trading industry is one of the most dynamic online industries. Most online forex traders are US citizens so the recent events regarding the top poker rooms active on US market also affected the forex market. The events on the Black Friday were totally unexpected and no one saw it coming. This unprecedented [...]
Archive for October, 2011
Stemming the Malaysian Exodus
Stemming the Malaysian Exodus Recently, YB Teresa Kok asked me “Why are Malaysians so keen to leave this country? Life overseas is not necessarily easier!” I agree that life overseas is not necessarily. In fact my cousins living in Hong Kong, Singapore and London tell me regularly that they miss the food and that things [...]
CHINESE AND LOWER CLASS IN MALAYSIA : HOW WELL OFF ARE THEY ?
CHINESE AND LOWER CLASS IN MALAYSIA : HOW WELL OFF ARE THEY ? By Dr Lim Teck Ghee “WHAT? CHINESE POOR?” Soon after I returned to Malaysia in late 2005, I met with a former president of the country’s major Chinese party in his office. During the discussion which covered a range of issues, I [...]
Filing Income Tax in Forex Trading
Currency traders face complexities and nuances come tax time. Currency futures are treated like other types of futures; your accounting is a snap and you enjoy lower 60/40 blended tax rates. However, cash forex can be an accounting nightmare and you face higher ordinary tax rates, unless you �elect out� of IRC 988 for 60/40 [...]
