I do love trees. There is something comforting about trees, especially when I am surrounded by tall buildings most of the times. In the tropical Kuala Lumpur, it also has a cooling effect. That makes the city every bit more livable, never mind the aesthetic value it offers. Imagine large rain trees with the sound […]

Here is a microeconomic contract theory puzzle with the incentives do not quite line up perfectly. According to the Financial Daily today, the MRT project delivery partner (a joint venture between MMC Corp and Gamuda) will be punished by the project owner if the cost of the project exceeds 15% of some base. Any cost […]