☕️ Chinese military planes violated Malaysian airspace near Sarawak

Malaysian Panda Liang Liang gave birth to 3rd baby. Messaging app, Line's digital banking foray in Indonesia. Thailand's first unicorn - Flash Express.

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1. MARKET SUMMARY


2. NUMBERS AT A GLANCE

517,144 companies have registered for Covid-19 Intelligent Management System (CIMS) 3.0 administered by the Ministry of International Trade and Industry (MITI).

BTS is the top artist on YouTube for the past 7 days, collecting 549 million video views on the content platform.

RM30 million will be raised to Covid-19 fund from 800,00 civil servants via allowance cut.


3. COVID-19 SUMMARY

*Apologies on the typo on Malaysia’s figure in yesterday’s issue, it was 6,824 new cases.

  • ICU cases hit all-time high of 872 cases according to Health DG.

  • 1,080,568 Malaysians have completed both doses of Covid-19 vaccine.

  • Duopharma Biotech Bhd will be supplying the Malaysian government with 6.4 million doses of the Sputnik V vaccine, which has an efficacy of 91.6%.

  • 10,000 individuals in Terengganu failed to appear for their vaccination appointments. Remember to always check your MySejahtera app for your appointment, let’s fight the pandemic together!

  • PSA — MRT passengers on May 27 advised to get Covid-19 swab test after one of the passengers on the train was tested positive for the disease.


4. IN MALAYSIA 🇲🇾

  1. Royal Malaysian Air Force (RMAF) intercepted 16 Air Force planes from People’s Liberation Army Air Force (China) that flew over Malaysian airspace on Monday, threatening the sovereignty of the country and safe of flights in our airspace. What will H20 have to say about this incident? Headlines today — “Da Ger” stopped by to say Hi. See their flight trail in the video below.

  2. PERMEKASA+ aid package of RM40 billion include RM5 billion direct fiscal injection to bolster the impact of FMCO3.0 is quite extensive. Here are some highlights:

    • RM2.1 billion for Bantuan Prihatin Rakyat.

    • Additional RM1 billion allocated to increase public health capacity to fight Covid-19

    • One-month wage subsidy programme under PERKESO worth RM1.5 billion.

    • RM1.5 billion in micro-credit facilities available to small businesses, street vendors and micro-enterprises.

    • BNM to add RM2 billion to its SME loan facilities bearing 3.5% interest rate.

    • Sales tax exemption for passenger vehicles extended Dec 31 2021.

    Meanwhile, Pakatan Harapan has urged the government to inject RM45 billion cash instead. Looks like the government has enough with Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz saying there is RM200 billion remaining from Budget 2021 yet to be spent.

  3. Malaysian Medical Association (MMA) slammed KJ for failing to engage with private general practitioners (GPs) over the National Covid-19 Immunisation Programme (NIP). MMA president Professor Datuk Dr Subramaniam Muniandy said majority of 2,500 private GPs had already received training and were ready to begin vaccinating in early May but were left hanging.

News in brief

  1. Government made two u-turns yesterday — i) on the MITI letter, saying the existing letters can be used up to June 3 2021 instead of expiring on May 31 2021 and; ii) on alcohol breweries have been asked to close during FMCO.

    Do you want a free coffee on us?

    • Guess the next u-turn by #kerajaangagal

    • Post it on FB by 7 June 2021 and tag us @breakmycoffee (make post public)

    • If it hits, get free coffee from us. We will PM you. As simple as that.

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  2. Serba Dinamik Holdings Bhd market capitalisation dropped by RM2.89 billion over the past two trading days due to the group’s audit issue. Are you going to catch this knife?

  3. Top Glove Corporation Bhd’s plans to raise USD1 billion via listing in Hong Kong has been stalled the company seeks to resolve a US import ban on its products due to the force labour issues.

  4. “Our” national treasure Liang Liang has given birth to her third baby according to Wildlife and National Parks Department (Perhilitan).


5. AROUND THE WORLD 🌎

  1. Donut brand, Krispy Kreme, has confidentially filed for an IPO. The company first went public in 2000 but got taken private in 2016 by the European conglomerate JAB Holding (owner of Panera Bread, Caribou Coffee, Pret A Manger) for USD1.35 bil. It reported a revenue of USD1.1 bil in revenue with a net loss of USD60.9 mil.

    Famous for its glazed donuts, Krispy Kreme was founded in 1937 in North Carolina. Its products now are available in 12,000 grocery and convenience stores in the US and operate nearly 1,400 shops in 33 countries. Its rival, Dunkin Brands (owner of Dunkin Donuts) was taken private last year by Inspire Brands for USD8.76 bil

  2. With coronavirus variants sweeping across the world, the WHO has devised a less technical way of labelling these variants than its scientific, number-heavy names using Greek alphabets. This would make it ‘easier and more practical’ to discuss them with non-scientific audiences and also remove the stigmatizing labels by countries, according to the WHO’s statement. 

  3. Line Corporation, the Japanese company well-known for its messaging app, has officially launched its digital banking platform in Indonesia yesterday. It is now offering banking services  in 3 of its biggest overseas markets: Indonesia, Thailand and Taiwan. In Indonesia, Line’s banking platform is a result of a partnership with PT Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank, in which Line acquired a 20% stake in this Indonesian bank. 

    Line introduced its banking services in Thailand back in October, as part of a JV with Kasikorn Bank and in Taiwan, its subsidiary Line Bank Taiwan was granted a banking license earlier this year. Other major tech companies are ramping up their presence in the fintech sector including Sea Group, Grab and Gojek. 

  4. With growing climate concerns and ESG pressure by investors, BP (market cap: USD90.1 bil), the fossil fuel giant, has stepped up its presence in the renewable industry. It has announced that it will acquire 9 gigawatts of solar projects (however, is not currently generating any power) in the US from 7X Energy for USD220 mil and also will be entering the Greek market with a 640-megawatt solar development, boosting BP’s total pipeline of renewable projects to 23 gigawatts. It expects to generate returns of 8% to 10% from these projects. This brings BP closer to its target of 20 gigawatts of approved renewable projects by 2025, 8x up from 2019. 

  5. The first unicorn out of Thailand has been created - Flash Group, a company providing express delivery service. It raised USD150 mil in its latest round taking its valuation above USD1 bil. Founded by 29-year old Komsan Lee in 2018, it has raised more than USD400 mil to date, with more than 30,000 employees and with daily peak capacity volume of 2 mil parcels

    News in Brief:

  6. Terry Gou, billionaire founder of Foxconn, a large Apple manufacturer, is planning to donate5 mil doses of Pfizer vaccine to Taiwan and has sought the permission from Taiwan’s government to purchase this vaccine. 

  7. After it has been revealed that the US has spied on top European leaders including German Chancellor Angela Merket with the help of Danish intelligence, China has labelled the US as the ‘world’s top empire of hacking and theft of secrets’. 


6. FOR YOUR VIEWING PLEASURE 👁👁 (Beta Mode)

  1. A drone filming itself crashing into the lava flow of Icelandic volcano Fagradalsjfall

  2. The state of government debt relative to GDP visualised.

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