☕️ Finger-pointing between PDRM and Bomba on barb wire placement on a staircase

5 states upgraded to Phase 2 of National Recovery Plan. EU discriminating against non-Vaxzevria AZ vaccine (we are affected). World's largest pension fund monster investment gains - USD339 bil.

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Tesla Inc. delivered 201,250 cars worldwide in the 2Q of 2021, a new record for the company. Unfortunately, one of those cars caught fire 😲 — Tesla’s latest high-end Model S Plaid caught fire Tuesday night (June 29, 2021), briefly trapping its owner inside. The driver managed to escape with no injuries reported.

A non-fungible token (NFT) representing the original source code for the World Wide Web written by its inventor Tim Berners-Lee had been sold for USD5.4 mil by Sotheby’s in an online auction last Wednesday.



  1. Wangsa Maju district police chief Supt Ashari Abu Samah said the placement of barb wire on a staircase at Block C of the Kampung Baru Air Panas People's Housing Project (PPR) was decided during a coordination meeting on the enhanced movement control order (EMCO), which was also attended by the Fire and Rescue Department.

    However, Bomba’s DG Hamdan Wahid has denied that clearance was given for barbed and razor wires to be set up along at the PPR. Bomba was never consulted on placing barbed wire at an escape route in that manner.

  2. Malaysia Semiconductor Industry Association (MSIA) and Malaysian Rubber Gloves Manufacturers Association (Margma) are urging the government to allow factories in respective industries to operate during EMCO in Klang Valley.

    MSIA, representing the electrical and electronics (E&E) factories, says the closure will disrupt the global supply chain as 7% of total global semiconductor trade flows through Malaysia. MSIA president Datuk Seri Wong Siew Hai suggested the government should take companies that had adhered to the standard operating procedures (SOPs) into consideration.

    MARGMA president Supramaniam Shanmugam stated that 58% of gloves are manufactured in Malaysia come from factories in Selangor. Margma members collectively produce and export gloves to 195 countries around the world. Medical examination gloves are essential personal protective equipment (PPE) items highly required by countries worldwide; hence halting the production could have a dire impact.

  3. European Union’s (EU) Digital Covid Certificate discriminates against AstraZeneca Covid-19 vaccines produced outside the EU, the United States, the United Kingdom, and China. European Medicines Agency (EMA) has approved the Covid-19 vaccine by AZ branded Vaxzevria, but it does not cover AZ doses made by South Korea’s SK Bioscience or Thailand’s Siam Bioscience.

    Khairy Jamaluddin has voiced out against this. Malaysia’s AZ supply from the global COVAX Facility and direct orders are from SK Bioscience and Siam Bioscience, respectively. Malaysia's stance is that if the vaccine is accepted by the World Health Organization (WHO), then other countries should also recognise those who have received the vaccine.


News in brief

  1. The prime minister is still receiving treatment for a digestive system infection after being admitted on June 30, 2021. PMO said the PM is expected to be discharged in a few days.

  2. IGB Commercial Real Estate Investment Trust (IGB Commercial REIT) has postponed its IPO — listing date has been pushed to Sept 20, from July 20 and the closing date has been extended to Aug 20, from July 6; and reduced the institutional offering from 282 million units to at least 130 million units.

  3. Media Prima Bhd will buy back Balai Berita Bangsar from PNB Development Sdn Bhd for RM156.4 mil as part of its plans to ensure long-term security for the group’s business operations.

  4. Pharmaniaga Logistics Sdn Bhd was chosen in an open tender by the Ministry of Health to manage the logistics and distribution of more than eight mil doses of AstraZeneca Covid-19 vaccines at its warehouses located in Selangor, Penang, Sabah, and Sarawak.


  1. One of the world’s biggest pension funds, Japan’s Government Pension Investment Fund (GPIF), posted a ‘historic’ investment gains of 25%, or JPY37.8 tril (USD339 bil) in the 12 months ended Mar 31, the most since the fund started managing the nation’s pension reserves since 2001. Its current assets under management stands at JPY186.2 tril (USD1.67 tril).

  2. The creator economy includes your influencers on YouTube, Instagram and also content creators OnlyFans, amongst many. The creator economy is a fast-growing sector with more than 2 mil creators making over USD100,000 per year and over 46.7 mil people have enough following to monetise their content part-time. 

    Despite sound monetisation, the creators have problems obtaining financial services (i.e. credit cards, loans) from traditional banks. To this end, Karat Financial, founded in 2019, has raised USD26 mil in its Series A round led by Union Square Ventures to grow its financial infrastructure for creators. It currently offers creators a credit card called Karat Black. Over the longer term, it wants to provide services such as launching merchandise lines, business incorporation, mortgage and business loan applications and filing taxes. 

  3. A list of deals over the past week:

    1. Morrisons, Britain’s 4th largest supermarket operator, has agreed to a takeover offer from Fortress Investment Group for GBP6.3 bil (USD8.7 bil), with backing from Canadian Pension Plan Investment Board and Koch Real Estate Investments. 

      Morrissons owns 85% of its nearly 500 stores and has 19 mostly freehold manufacturing sites. It is unique among British supermarkets in making over half of the fresh food it sells. 

    2. Private equity giant, Blackstone. has agreed to acquire a majority stake in Certified Collectibles Group (CCG), valuing the company at more than USD500 mil with participation from Jay-Z’s Roc Nation, amongst other investors. 

      CCG offers authentication services for various collectable items including comic books, banknotes, magazines, concert posters, stamps, trading cards, sports cards and estate items. It has certified more than 62 mil of these collectables with a combined fair market value approaching USD50 bil. 

    3. Marking one of the largest exits in the Indian startup ecosystem, PlaySimple, a game developer in India has been acquired by Swedish gaming giant, Modern Times Group (MTG), for at least USD360 mil with 77% of the payout in cash and the rest in company shares and another USD150 mil earnouts. 

      PlaySimple owns 9 word games including “Daily Themed Crossword”, “Word Trip”, “Word Jam” and “Word Wars”, growing revenue by 144% to USD83 mil last year and is on track to hit over USD60 mil in H1 2021.  


    News in Brief:

  4. The Chinese Yuan’s share in global foreign exchange reserves rose to 2.45% in the first quarter of 2021 from 2.2% in the previous 3 months, continuing the currency’s momentum towards internationalisation. This equals an amount of USD287.46 bil, achieving 9 consecutive quarters of growth. The USD remains the most widely held with a share of 59.5%, followed by the EUR at 20.57% and the JPY at 5.89%. 

  5. Fashion retailer Gap’s upcoming partnership with Kanye West’s Yeezy line is expected to drive USD990 mil in incremental revenue in the fiscal year 2022 according to a survey conducted by Wells Fargo. Earlier in June, Gap released its first product from Yeezy - a USD200 bright blue nylon puffer jacket that was sold out in hours and is listed on resale sites for more than USD1,000. The items haven’t even shipped yet.


  1. A gas leak from an underwater pipeline led to a fire on the ocean surface in the Gulf of Mexico.

  2. Landslide captured on video in Atami, southwest of Tokyo, killing 2 with 20 feared missing.