☕️ Chinese stocks' massive 2020 USD5 trillion gains

The 2 weddings that show hypocrisy in Malaysia. Ramly burger free from meat cartel fiasco. Alibaba anti-monopoly investigation.

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1. MARKET SUMMARY


2. NUMBERS AT A GLANCE

15% of Malaysians suffer from chronic kidney disease from various levels.

RM1.9 billion - total sales of 1Malaysia People’s Housing Programme (PRIMA) thus far in 2020.

RM25.87 million worth of drugs were seized at the Nibong Tebal Industrial park.

23 years and 56 days (of age) - Manchester United’s striker Marcus Rashford reaches the 50 Premier League goals milestone. 3rd youngest person in the club to do so after Wayne Rooney and Cristiano Ronaldo.


3. COVID-19 SUMMARY


4. IN MALAYSIA

  1. Autonomous driving in Malaysia will soon be a reality with Futurise announcing the approval of Cyberjaya Malaysia Autonomous Vehicle (MyAV) Testing Route that was developed together with the Ministry of Transport.

  2. Science, Technology and Innovation Minister Khairy Jamaluddin landed in a ditch during a bicycle ride because of a pothole. Get well soon KJ!

  3. Writing “Merry Christmas” on products and services can invalidate halal certificate according to a spokesman from Jakim. It is a rule stated in Jakim’s manual which prohibits labelling or advertising that involves the use of any religious or spiritual passage, symbol or noun.

  4. Nestle Malaysia Bhd fulfils RM15 million Covid-19 relief pledge via variety of programmes to help the underprivileged across Malaysia such as Back-To-School Programme, Nestle Milks Business and partnership with Malaysian Red Crescent Society (MRCS).

  5. Sabah wants to be treated equally like Sarawak with regards to the benefits from Petronas according to Sabah’s Deputy CM Datuk Dr Jeffrey Kitingan.

  6. If you’re wondering the Ramly burger are halal after the recent meat cartel fiasco, Datuk Ramly Mokni said all of Ramly’s food imports were sourced directly from suppliers overseas and not through middlemen.

  7. Two weddings which show the hypocrisy in Malaysia - great read by Mariam Mokhtar.


5. AROUND THE WORLD

  1. Chinese stocks have gained USD4.9 trillion in 2020 given how well it has contained Covid-19, accounting for nearlyof world-wide increase in stock market capitalisation in 2020. Global stocks have gained 16% to USD104 trillion in 2020.

  2. China market regulator has initiated anti-monopoly investigation towards the e-commerce giant, Alibaba for ‘suspected monopolistic practices’

  3. The top 6 largest banks in US has paid nearly USD200 billion in fines and penalties since 2000. Bank of America ranked the highest with USD91 billion in fines for 86 legal cases.

  4. Zoom, the USD107.3 billion video conferencing company, is planning to go up against the tech giants, Microsoft and Google, and expand its productivity suite including email, messaging and calendar. An analyst speculates that Zoom might acquire Dropbox (market cap: USD9.7 billion) and Smartsheet (market cap: USD8.8 billion) to rapidly expand its productivity solutions. In its most recent quarter, Zoom reported revenue of USD663.5 million, more than what it made in the whole of 2019.

  5. France has identified its first case of the new variant, which was first discovered in England. The patient is a French citizen that arrived from London. France has recorded 2.5 million confirmed Covid-19 cases with more than 62,000 deaths, the 7th highest in the world.

    US Centre for Disease Control & Prevention (CDC) has said that the new strain found in UK could already be circulating in US.

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