☕️ Now everyone can cry - AirAsia X now a PN17, financially distressed company.

RM708k paid for a special edition RM50 note. Indonesia to move capital to Borneo island in H1 2024. Shanghai Disneyland shuts down with 34,000 visitors and staff inside after 1 Covid-19 case detected.



The late Steve Jobs handwritten letter on Zen Buddhism is expected to fetch USD300,000 at an upcoming auction. The letter contains Jobs’ thoughts on Zen Buddhism and his desire to travel to India to attend the Kumba Mela.

Better than Midas touch, a crypto investor turned about USD8,000 worth shiba inu coins bought in August 2020 into about USD5.7 bil! Will the value remain when the investor sells the 70 trillion shiba inu coins?

RM708,000 — the price paid at an auction for a special edition RM50 note issued for the 50th Merdeka celebrations. Check your wallets or drawer for notes. Today I Learned (TIL) — numismatists are collectors of coins and notes.


  • The price of the Covid-19 self-test kits has been further reduced to less than RM7. KKMart at KLIA2 Sepang is selling for RM6.60 per set.

  • Malaysia is not ready for the endemic phase, according to a report by the Parliament's Special Select Committee on Health, Science, and Innovation. The committee suggested the government allocate a budget that would allow a more comprehensive healthcare system, finetune SOPs, and provide more ICU beds.


Politics and Local

  1. Convenience stores in Kuala Lumpur will not be allowed to sell hard liquor. Beer products have to be placed in a special display section and alcohol can only be sold between 7am to 9pm.

    Pubs, bars, lounges and restaurants can sell hard liquor between 10am to midnight. However, if premises want to sell up to 2am, special approval is required. The revised guidelines by DBKL came into effect yesterday.

  2. Kedah’s menteri besar Muhammad Sanusi Md Nor has been given a “Dato’ Sri Paduka Mahkota Kedah” (SPMK) award, which carries the title “Datuk Seri”, by the Kedah Sultan. At any one time, only 20 living persons can carry the title of SPMK.

  3. Pekan Member of Parliament Datuk Seri Najib Tun Razak asks the government to raise the maximum withdrawal for the Employees Provident Fund (EPF) i-Citra facility to RM10,000. If he had read The Coffee Break, maybe he’d know that 46% of EPF members below the age of 55 have less than RM10,000.

    Unless he thinks EPF can print money out of thin air, the policy isn’t the best for the members. It’s the people who need the retirement money the most who will withdraw from EPF, unfortunately.

  4. Transport minister Wee Ka Siong and DAP secretary-general Lim Guan Eng will debate the government’s cabotage policy tonight at 9:30pm. The debate will be aired live on Astro Awani and 8TV and the media outlets’ Facebook and YouTube channels. Who will prevail?


  1. AirAsia X Bhd shares closed 21.1% lower at 7.5 sen yesterday after its auditor Ernst & Young issued a disclaimer of opinion on the airline's audited financial results for the 18-month period ended June this year — "significant doubt" on the firm continuing as a going concern. AirAsia X Bhd has been categorised as a PN17 company last Friday. Now everybody can cry.

  2. Bursa Malaysia took a dive, closing 2.01% lower at 1,530.92 from Friday’s close of 1,562.31 as investors reacted negatively to the one-off Cukai Makumur (Prosperity Tax) tabled during Budget 2022.

    The Edge found that as many as 113 companies met the RM100 million profit threshold for Cukai Makmur in the last two financial years. Banks and plantation companies are likely to be hit the hardest. CGS-CIMB Research expects the tax will lower banks’ FY22 total net profit by 9%.

  3. Ta Win Holdings Bhd’s wholly-owned subsidiary Ta Win Industries (M) Sdn Bhd (TWI) signed the three-year contract (2022-2024) with POSCO International to supply copper rods and wires as well as other copper-related products. The contract will bring an aggregated revenue of RM2.55 billion to TWI.

  4. Automation solution provider Greatech Technology Bhd made a net profit of RM28.97 mil for 3QFY21 ended Sept 30, 2021, due to increased foreign exchange gain as well as lower administrative and marketing expenses. Production line systems (PLS) for electric vehicle energy storage industry contributed the most to its topline of RM95.33 mil for the same quarter.


  1. Coca-Cola Co. is buying full control of BodyArmor for USD5.6 bil in a cash deal, valuing the sports-drink brand at about USD8 bil making it the largest brand acquisition in Coke’s history, after the USD5.1 bil it paid for Costa Coffee in 2018. Coke bought a 15% stake in 2017 for USD300 mil at a USD2 bil valuation. One of the big winners? Kobe Bryant. The late basketball player stands to collect USD400 mil on a USD6 mil investment and was serving on its board before he died in 2020.

    Gatorade, owned by Pepsi, still dominates the sports-drink market with 68% market share, though BodyArmor sales have been rising rapidly. It expects to generate USD1.4 bil in retail sales this year, a significant leap from USD250 mil in 2018 when Coke first invested. 

  2. Digital Currency Group, the parent company of several big names in the crypto space, is selling USD700mil worth of shares to SoftBank and Alphabet’s CapitalG in a deal that values it at more than USD10 bil. One of its subsidiaries, Grayscale investments, is the world’s biggest digital asset manager with USD50 bil under management and its flagship Grayscale Bitcoin Trust is the largest Bitcoin fund in the world. 

    It also owns prime brokerage and institutional lending firm Genesis, as well as news outlet CoinDesk and has backed more than 200 blockchain companies. The company is profitable and is on track to top USD1 bil in revenue for the year. 

    Fun fact: DCG is the parent company of Luno, the SC-licensed digital asset exchange in Malaysia, after acquiring it in Sep 2020. 

  3. Indonesia is moving ahead with its plan to relocate its capital to the island of Borneo in the first half of 2024. Its parliament is expected to pass the Bill into law this year, giving the IDR489 tril (USD34 bil) legal basis to proceed. Java is home to 60% of Indonesia’s population and contributes more than half of its GDP whilst Kalimantan, the Indonesian part of Borneo, accounts for just 5.8% of its population and contributes only 8.2% of the economy. 

    The move is deemed necessary as the current capital, Jakarta, of 10 mil people, suffers from traffic gridlock and frequent flooding, and its pollution is reaching unhealthy levels. Environmental groups have raised concerns about the potential damage to Kalimantan’s rainforest with the development of the new capital. 

  4. A 24-year old Japanese man dressed in a Joker outfit attacked passengers on a Tokyo train on Sunday night, injuring 17 people. Passengers initially thought it was a Halloween stunt by the man but started running away when they saw him brandishing a long knife. The man has expressed admiration for the infamous Batman villain and “wanted to kill people and be given the death penalty”. 

    For a country where violent crime is rare, an academic warned that young people are under increased stress during the pandemic, and similar incidents are “highly likely’.

  5. Nearly 34,000 visitors and staff in Shanghai Disneyland were trapped inside the magical wonderland on Halloween night after 1 case of Covid-19 was discovered. The park was shut on Sunday evening after the case was detected, and visitors and staff had to be tested for the virus before they were allowed to leave. 


  1. Melania Trump turned away and rolled her eyes immediately after smiling next to Donald Trump.

  2. Mimetic architecture - National Fisheries Development Board in Hyderabad, India.

  3. The Van Gough ‘earaser’