Selamat Hari Raya, Victor Chin

Ruichi Sakamoto's composition for the 1983 movie, Merry Christmas Mr Lawrence became a Christmas music in the US, Britain and Japan. 

The movie title is pun using the coming Hari Raya celebration to dedicate to the man in pursuit, Victor Chin. 

Set during World War II, the movie depicted a British colonel who "tries to bridge the cultural divides between a British P.O.W. and the Japanese camp commander in order to avoid blood-shed." 

The current Malaysian setting is the head of Corporate Mafia attempting to avoid financial blood-shed. 

He is already facing dissension within his fold, Banks pulling back credit lines, and dam bursting that could lead him and his syndicate of criminal involving network into law enforcement rounded up and charged for crimes. 

To QE or not QE? That is the SVB crisis question!

Andrew Sheng and Tan Yi Kai/The Edge Malaysia

March 21, 2023 13:45 pm +08

The sudden collapse of Silicon Valley Bank (SVB) has sent shock waves and ripples from the US outwards. Two other American banks have also closed, one voluntarily (Silvergate Bank) and the other (Signature Bank) was taken over by the Federal Deposit Insurance Corporation (FDIC), causing even Japanese bank shares to tumble for a few days. 

Credit Suisse is now embroiled in the contagion. Even as the US Treasury, Federal Reserve and FDIC raced over the weekend to stop contagion by guaranteeing all deposits exceeding the US$250,000 (RM1.1 million) deposit guarantee limit, serious questions were being asked. 

Where did SVB slip up? Was this a regulatory failure? Is this systemic with worldwide implications?