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AMERICA’S LAST PRESIDENT

07/02/2026 09:09 am MYT

During his first 365 days back in office, Trump 2.0 aggressively and brutally asserted power within United States and globally. He implemented punishing tariffs on the whole world; he used tariffs not just as a trade tool but also as an economic and political weapon.

He sent the National Guard into some American cities to police the citizenry. He sent Immigration and Customs Enforcement (ICE) and the Border Patrol into others to round up immigrants. Trump uses executive power in ways that it has not been used before and ignored laws meant to ensure the balance of power in the American government. Trump calls for criminal investigations of his enemies (poor Jerome Powell). Trump uses a law meant for wartime to deport people without due process. He has moved to end birthright citizenship, though it is guaranteed by the 14th Amendment of the US Constitution. He has renamed the Gulf of Mexico and the Department of Defense (now called War Department).

Trump began his second term with an all-out assault on institutions and policies that have long been seen by American politicians as the foundations of American strength. Trump 2.0 undermined the independence of the Federal Reserve and the Department of Justice, cut funding to American universities and slashed the federal work force. He dropped out of the Paris Climate Agreement, opened nearly a million square miles of ocean floor to drilling and stopped new wind power projects.


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Note from Publisher

Since the bullish call by Teng Boo during the 2025 Investor Day, the KLCI has risen about 10% and the Ringgit’s exchange rate against the US$ has broken the RM4 mark. 2026 is just beginning. Can we expect more favourable performance as the year unravels?

 

When compared with our neighbouring countries which face political uncertainties (Thailand and the Philippines), shaky investor confidence (Indonesia) and soaring cost of living pressures (Singapore and Vietnam), Malaysia is paradise-like. With the opposition parties in shambles, Malaysia is set to have political stability going into the next general election due Feb 2028. The government has taken important steps to amend the country’s fiscal condition, improve the country’s quality of growth and steadily rolled out reform measures. These efforts have kept foreign investors’ confidence on Malaysia. Our politicians, policymakers and ordinary Malaysians need to zealously guard these blissful conditions. 

 

i Capital will pause its publication for one issue in the week starting 16 Feb. Our Kuala Lumpur office will be closed from 16 Feb to 18 Feb, during which www.icapital.biz will not be updated. Normal operating hours will resume on 19 Feb. The next issue, Volume 37, number 27 of i Capital, will be dated 26 Feb - 4 Mar 2025.

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