☕️ 33-year old Dato Sri and his global web of criminal connections

DoS: majority of Malaysian grads earned minimum wage in 2020. # of insurance policies sold by Grab: >100 million. Microsoft's USD21.88 bil AR HoloLens contract from the US military.

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15 million doses of J&J’s Covid-19 vaccine were ruined because of a factory mixup, further delaying shipments.

RM656 million — Tan Sri Vincent Tan’s stake in Berjaya Corp Bhd after the steep climb in share price in slightly over two weeks.

57,911 Perodua cars were sold in 1Q2021, up 29% y-o-y. The newly launched Ativa collected 14,574 bookings since launch in late February 2021.


  • Nine cases of South African B.1.352 Covid-19 variant were detected in Malaysia as of April, 2021.

  • PM Tan Sri Muhyiddin Yassin has spoken about the possibility of those who have received two doses of Covid-19 vaccination may be able to travel freely between districts and states.


  1. According to Statistics Department’s chief statistician Mohd Uzir Mahidin, fresh graduates with degree last year earned minimum wage where majority earned between RM1,000 to RM1,500 in 2020 compared to RM2,001 to RM2,500 in 2019. This could potentially be a huge setback for last year’s graduates as their base pay does not match their qualifications.

  2. AMMB Holdings Bhd (AmBank) plans to issue up to 300 million new shares or 9.97% of its current share capital to raise additional funds to strengthen its core capital ratios. The private placement would raise an estimated RM810 million.

  3. MyNews Holdings Bhd is targeting to open 100 stores in 2021, including 30 to 35 of the popular South Korean convenient store CU. The first CU in the country opened yesterday at Bandar Utama’s Centrepoint. In fact, the group is aiming to open at least 500 CU stores within the next five years as MyNews CEO Dang Tai Luk noted that the penetration rate in the country is low.

  4. “Man” of the week DS Nicky Liow who allegedly escaped with bags of cash had at least 34 law enforcement personnel under his pay roll according to Inspector-General of Police Tan Sri Abdul Hamid Bador. That’s probably the average number of people employed by a SME. The IG said approximately RM773k of cash has been seized on top of 16 vehicles estimated to worth RM6.67 million. This feels like the great criminal thriller movie, ‘Infernal Affairs’ starring Andy Lau, Tony Leung and Leon Lai.

  5. AirAsia would return you your refunds but Tan Sri Tony Fernandes is asking for more time as “every week we (AirAsia) are clearing with whatever little cash we have”. Thus far, 2.9 million refunds in the form of credit shells have been agreed by its customers. There are still 450,000 refunds to go.

  6. The bullish outlook for Bitcoin in 2021 has attracted listed companies and institutional funds alike to have exposure in the world’s most valuable cryptocurrency. Locally, one of the three licensed Digital Asset Exchanges (DAX) — SINEGY Technologies (M) Sdn Bhd has acquired its first corporate client FA Advisory Sdn Bhd to make an allocation of its treasury to Bitcoin as part of the long term corporate asset allocation.


  1. Augmented Reality (AR) is finally going mainstream - but not for consumers. Microsoftannounced that it has received a contract to outfit the US Army with tens of thousands of AR headsets based on the company’s HoloLens tech. Microsoft will be supplying 120,000 AR headsets that are modified and upgraded to meet the capabilities of soldiers on the field. The contract could be worth USD21.88 bil over 10 years. Ironman tech coming soon.

  2. To address the intermittency of it’s renewable energy supply, Apple said it will be building a battery-based energy storage facility using Tesla’s technology near a solar energy installation that is existingly providing energy to all its facilities in the state of California. The solar site supplies 130 megawatts of electricity directly to Apple in Cupertino during daylight but not during dark hours. 

    The energy storage project is able to store 240 megawatt-hours of energy, enough to power more than 7,000 homes in a day, leveraging on Tesla’s lithium-ion ‘megapacks’. Apple also shared that 110 of its suppliers are transitioning to clean energy for the work they do for Apple, without about 8 gigawatts of clean energy production planned. Apple has set a goal for its supply chain to be carbon neutral by 2030.

  3. Egypt may seek around USD1 bil in compensation after the Ever Given vessel blocked the Suez Canal for nearly a week and disrupted shipping markets. The CEO of Suez Canal Authority, Osama Rabie, said the figure is an estimation of the losses from transit fees, damage to the waterway during the dredging and salvage efforts and the cost of the equipment and labour. Though, he did not specify from whom they will seek the compensation from. 

  4. Grab, through its financial arm, Grab Financial Group (GFG) has sold more than 100 mil insurance policies across Southeast Asia since launching less than 2 years ago. Though mostly micro in sizes such as, Ride Cover insurance from as low as SGD0.30, it shows how Grab has efficiently leveraged on its user base of 187 mil users (27.8% of Southeast Asia’s population of 673 mil) as at Jun 2020 to distribute financial products and is considered one of the largest digital insurance distributors in this region together with its insurance partner, Chubb. 

    Its ambitions aren't limited to ride-hailing and food delivery, but also into financial services to making it a super app of the Asean region. Grab, in partnership with Singtel, obtained a digital banking license from the Monetary Authority of Singapore recently. Last valued over USD16 bil, Grab is present in over 7 markets in Asean and has a market share of 11.4%.

  5. Taiwan Semiconductor Manufacturing Co. (TSMC), the 3rd most valuable listed tech company in Asia, said it would investUSD100 bil over the next 3 years to increase production capacity as demand increases. Semiconductor is an important component in many electronics today, from phones to cars and the global supply shortage has disrupted production of electronic manufacturers and automakers. 

    Other chip makers are also increasing their investment , such as Intel which will be investing USD20 bil to build 2 new chip factories. Samsung plans to invest about USD116 bil by 2030 to further diversify its semiconductor production. The US government even recognises the strategic importance for a nation to be at the forefront of chip manufacturing - President Biden has allocatedUSD50 bil from part of his USD2 tril infrastructure plan to bolster the semiconductor industry in the US.

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