☕️ Johor's RM336 Macau Scam syndicate busted

New year, yet another new plan from DS Anwar Ibrahim to take over the government. The world's richest 500 got richer by USD1.8 trillion in 2020. Indonesia to start vaccinating its people in Jan.

Happy New Year!

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1. MARKET SUMMARY


2. NUMBERS AT A GLANCE

499,550 - the number of vehicles Tesla shipped in 2020, 450 shy of the target of 500k.

USD38 billion - final tally of losses suffered by Tesla short sellers in 2020 after surging +730% in 2020.

109,716 - the number of vehicles Proton sold in 2020, 8.8% increase over 2019.

US$1.8 trillion - the world’s richest 500 people gained this amount in wealth in 2020. Elon Musk and Jeff Bezos alone contributed USD217 billion to this figure, enough to cut the USD2,000 stimulus checks to 100 million Americans.


3. COVID-19 SUMMARY


4. IN MALAYSIA

  1. High Speed Rail agreement between Malaysia and Singapore has been terminated. The project that was supposed to shorten the travel time between KL and Singapore to only 90 minutes has been cancelled as the governments could not come to an agreement on the proposed changes. It is believed that Malaysia will be required to compensate RM300 million to Singapore.

  2. Johor police has clamped down on a Macau Scam syndicate in Johor, which used its ill-gotten gains to buy properties and cryptocurrencies totalling more than RM336 million! Well done.

  3. Inland Revenue Board (IRB) of Malaysia has agreed to remit penalties imposed on Tenaga Nasional Berhad (TNB) amounting to RM2.44 billion for the years of assessment 2013 to 2018.

  4. Senior Minister for Security Ismail Sabri Yaakob has announced recovery movement control order (RMCO) throughout Malaysia will be extended until Mar 31, 21. Existing states under CMCO will remain status quo.

  5. Struggling borrowers with PTPTN debt are given three-month moratorium extension on their PTPTN loan repayments. Applications begin on Jan 5, 2021.

  6. Unfortunately, an elderly man has died after falling off motorcycle due to pothole. JKR needs to really begin fixing potholes to prevent this from happening. Please drive and ride carefully during the raining season. Puddles of water can cause hydroplaning as well.

  7. Here are the 11-stocks The Edge’s experts say you should buy in 2021. Recovery theme is in play for 2021.

  8. New year, new plans by DS Anwar Ibrahim to wrestle the power from Perikatan Nasional. He mentioned that Pakatan Harapan is working with factions within Umno to gain his numbers. However, DS Hishammuddin Hussein says UMNO will never work with DAP and former prime minister DS Najib Razak said UMNO must head the Federal Government once again.


5. AROUND THE WORLD

  1. Co-founder of Alibaba Group, Jack Ma is no longer a judge from his own reality TV show “Africa’s Business Heroes” due to a scheduling conflict but has not been seen in public since Nov’ 20 when officials in Beijing suspended the blockbuster IPO of US$37 billion of Ant Group.

  2. Indonesia is planning to start vaccinating its population against Covid-19 beginning this month with a target of vaccinating 181.5 million or close to 70% of its people by Mar 2020.

  3. On the first day of 2021, the US surpassed 20 million Covid-19 cases, twice of the second-ranking nation, India. New York state surpassed 1 million cases, with ⅓ of it reported in December as cold weather led to more time spent indoors and holidays increased social gatherings. 

  4. After WeWork, Softbank is bailing out another of its investment, Katerra, a construction startup with a USD200 million lifeline, to give it a majority stake. This is on top of the USD2 billion that Softbank has invested. Softbank went as far as getting another of its investee, a financial services firm Greensill Capital to cancel USD435 million of its debt to Katerra in exchange for 5% toilet paper, sorry, equity in the company. 

  5. Bitcoin surged past USD30,000 over the weekend, after quadrupling in 2020 and is expected to increase further as fiat money devalues with more printing by central banks. 

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