☕️ Najib Razak allowed to skip court to visit his grandchild in Singapore - and played golf
A rare Cryptopunk NFT sold for USD10.26 mil. Max Verstappen won his first Formula 1 world title. Jho Low has yet to be listed on Interpol’s red notice, according to IGP.
1. MARKET SUMMARY
2. NUMBERS AT A GLANCE
127 reporters are currently detained in China, according to a new report by Reporters Without Borders (RSF). RSF calls China the world’s biggest captor of journalists. It further claimed China was conducting an "unprecedented campaign of repression" worldwide against journalism.
India’s total fertility rate dropped to 2.0, below the replacement level of 2.1, according to National Family Health Survey. Indian fertility rate, the average number of children that an Indian woman can expect to bear in her lifetime, has fallen below replacement level for the first time ever.
CryptoPunk #4156, a rare ape NFT, sold for 2,500 ether, or approximately USD10.26 mil. It is one of only 24 ape CryptoPunks.
3. COVID-19 SUMMARY
Health Minister Khairy Jamaluddin said the government is losing credibility for breaking its own Covid-19 SOPs during the 100-day Aspirasi Keluarga Malaysia event.
Pfizer/BioNTech Covid-19 vaccine booster shot provided significant protection against the new Omicron variant, according to Israeli researchers.
An eight-month gap between second and third doses of China’s Sinovac Covid-19 vaccine provides more protection against the virus than a shorter wait.
4. IN MALAYSIA 🇲🇾
Politics and Local
The organiser of the 100-day Aspirasi Keluarga Malaysia event was fined RM1,000 (yeap, one thousand only) for violating Covid-19 physical distancing rules. There was an outcry over the quantum of this fine as last Sunday, 303 party-goers were fined a total of RM1.5 mil, whereas this event was attended by thousands. The Health Minister himself was attending the event. The law is equal, only if you are in the same camp.
The tweet below perfectly summarised the entire incident.
How well has Langkawi done since it welcomed back tourists? It received a total of 204,953 domestic tourists between 16 Sep to 30 Nov, with total tourism revenue of more than RM211 mil, according to Tourism, Arts and Culture Minister Nancy Shukri.
Inspector-General of Police Acryl Sani Abdullah confirmed that Jho Low has yet to be listed on Interpol’s red notice despite being wanted by Malaysian authorities over the 1MDB scandal. He said the police was unsure as to the reasons for the delay in Interpol adding Low’s name on its global wanted list.
Photographs of former PM Najib Razak posing beside a Rolls Royce and golfing in Singapore with Singaporean billionaire Sam Goi Seng Hui have gone viral on social media. He hit back at critics asking if he was expected to spend 24 hours a day with his new grandchild. Sir, you were convicted earlier and supposed to be behind bars.
Engineering-solutions provider Serba Dinamik Holdings Bhd’s wholly-owned subsidiary SD International Sukuk Ltd is reported to have defaulted on the latter’s USD7 mil semi-annual coupon payment on an outstanding USD222 mil senior Islamic sukuk. The interest payment was due on 9 Nov 2021 and the company confirmed that no payment has been made during the 30-day grace period, hence triggering a default.
Top Glove Corp Bhd, the darling during the outbreak of the pandemic, saw its first quarter profit ended 30 Nov shrunk by 69.5% to RM185.72 mil from RM607.95 mil in the immediate preceding quarter. Its revenue fell 25.2% qoq to RM1.58 bil from RM2.12 bil. Declining average selling prices and higher operating costs as a result of lower utilisation rates are to blame for declining profits.
Its earnings have been on a downtrend for the past three quarters since peaking in Q2 FY2021, as it recorded net profit RM2.87 bil on the back of revenue of RM5.37 bil. Top Glove current market cap stands at RM19.5 bil.
QSR Brands (M) Holdings Bhd, which runs KFC and Pizza Hut restaurants in Southeast Asia has appointed CIMB and Citigroup to work on its IPO, which is expected to take place next year. It is seeking a valuation of more than RM6 bil and aims to raise as much as USD500 mil from the share sale. It planned to list in 2019 but aborted it.
QSR has the sole right from Yum! Brands Inc to operate KFC in Malaysia, Singapore, Cambodia and Brunei as well as Pizza Hut in Malaysia and Singapore.
5. AROUND THE WORLD 🌎
At least six people have been killed by the collapse of an Amazon warehouse in Illinois caused by a tornado. Dozens of people were trapped inside. However, 45 people have been rescued since the natural disaster last Friday. The incident puts the spotlight on Amazon’s phone ban on the warehouse floor, which is crucial to workers to access weather alerts or communication.
Employees at one Starbucks location in Buffalo voted to join Workers United, delivering the coffee chain its first unionised company-owned location in the United States. Starbucks isn’t too happy with the change. It sees unionisation as a risk.
On top of the increase in labour cost, Starbucks is also concerned about how its efforts to defeat the union could hurt its reputation. However, nothing in the law forces a company to reach a labour deal with a newly recognised union, so Starbucks is just awaiting pressure from public officials and customers.
Ms Sirisini, 38, ought to attend anger management class after she has allegedly blown up the oil warehouse in Thailand where she worked because she was angry with her boss. The damage was estimated to be about 40 million Thai baht. She was arrested at her home and allegedly later confessed to committing the arson. If you are a boss, please do not mistreat your staff. If you’re an employee, please forward this to your bosses.
The world’s largest crypto exchange, Binance, has been talking with Indonesia’s richest family, the Hartonos, and a state-owned telecoms operator to set up a cryptocurrency trading exchange in Indonesia. A Binance spokesman declined to comment on the discussions. The deal would further extend Binance’s foothold in the rapidly developing economy as Binance already has an investment in Tokocrypto, one of Indonesia's largest exchanges for cryptocurrency trading.
Canon has developed the world’s densest sensor with 3.2 million pixels that can take high-quality colour photographs even in the dark, a big stride toward automated driving and augmented reality. The sensor can recognise light at one-tenth the brightness conventional sensors need. The sensor's improved sensitivity comes from another Canon-developed device, a single photon avalanche diode, or SPAD.
If a war between China and Taiwan breaks out, China’s military is prepared to attack US troops in Taiwan, according to an official Chinese Communist Party mouthpiece. The comment was in retaliation to US National Security Advisor Jake Sullivan’s statement that the US will take every action it can to make sure that the reunification of the Chinese mainland with the island of Taiwan by force never happens.
Max Verstappen won his first Formula 1 world title after the last-lap overtake of Lewis Hamilton at the season finale in Abu Dhabi. It was one of the greatest and most contentious seasons in Formula 1 history between the two great drivers.
6. FOR YOUR VIEWING PLEASURE 👁👁
There’s FOMO (fear of missing out), and there’s JOMO (joy of missing out). Let’s learn to experience the latter.
Feeling sorry for these ladies that they are capable of finding it funny impersonating disabled people.
Jackie Chan - loved by the world, hated in Hong Kong