☕️ PDRM paid RM3 million per drone, a total of 16 units for border surveillance

Someone ordered a helicopter delivery of Nasi Ganja from Ipoh>KL. Parliament's special sitting opens today, all MPs allowed to attend. USD5 bil lifetime spent by users on Pokemon Go.

1. MARKET SUMMARY

Dow Jones Industrial Index finished above 35,000 at 35,061.55 for the first time in anticipation of more blowout earnings this week after last week's positive round of results.


2. NUMBERS AT A GLANCE

There are more than 4 million excess deaths in India since the Covid-19 pandemic began, according to the US-based Center for Global Development. Excess deaths are a measure of how many more people are dying than would be expected compared to the previous few years. While it is difficult to say how many of these deaths have been caused by Covid-19, they measure the overall impact of the pandemic.

USD1.4 bil - the amount spent on Pokemon Go by users in the first half of 2021, bringing the 5-year tally to USD5 bil.

1,200 kgs of free durian were distributed by a goldsmith in Kota Bharu on Saturday to about 500 motorists via a drive-through. Durian runtuh indeed.


3. COVID-19 SUMMARY

  • Pharmaceutical companies will be allowed to sell vaccines on the private market starting in August according to Khairy Jamaluddin. There will be a price cap to ensure the vaccines would not be sold at too high a price.

  • The upcoming National Recovery Council meeting will decide the easing of restrictions for fully vaccinated individuals.

  • Saudi Arabia will deliver medical aid which includes one million doses of vaccines and various medical supplies and equipment to assist Malaysia's fight against the Covid-19 pandemic.

  • Klang launches 3 new vaccination centres to counter rising cases and vaccination rates in existing PPVs will also be enhanced according to Klang MP Charles Santiago.


OLYMPIC MEDAL COUNT


4. IN MALAYSIA 🇲🇾

  1. Royal Malaysia Police (PDRM) will receive 16 high-powered drones to help boost the level of security at the country's borders especially in areas that have not been fenced up to curb criminal activities. RM48 million had been allocated by the government through 12MP Supplementary Plan 1 for the tender process by the Home Ministry (KDN) to procure the drones (and also to feed the multiple middlemen in this transaction).

    While the drones used by other countries may be different and perhaps, with different but the prices are much lower:

    • Lancashire Police: GDP50K per drone (~ RM290K)

    • New York Police Department: UDS34K per drone (~ RM145K)

    • Army grade FLIR Black Hornet: USD60K per drone (~ RM253K)

  1. In a bid to pacify the situation concerning contract doctors not getting placements, the government has agreed for medical, dental and pharmacy officers with contract appointments to be offered a two-year contract of service upon completion of their compulsory service period.

    However, this does not meet the doctors’ demand for permanent placement hence the walkout happening today will go on as planned as part of their ongoing protest to get better deals from the government.

  2. The newly mooted National Recovery Council (NRC) that replaces the National Recovery Plan special committee will have representatives from opposition parties, Sabah and Sarawak state governments as well as multi-industry experts and non-governmental organisations (NGOs) as members.

    The NRC will be in discussing with the Ministry of Health about changing the transition thresholds in the National Recovery Plan (NRP) i.e. moving goalposts.

  3. If you’re craving for ‘nasi ganja’ from Ipoh during MCO and you’re in KL, you might want to consider this — someone ordered a helicoper to pick up 36 packets of ‘nasi ganja’ but the helicopter did not have permission to land at Padang Ipoh.

    Perak police chief Mior Faridalatrash Wahid said upon checking with the Civil Aviation Authority of Malaysia (CAAM), the helicopter was only cleared for landing at the Sultan Azlan Shah Airport. The charter said to cost RM10,000.

    Watch the pick-up below.

    News in brief:

  4. Malaysia’s consumer price index (CPI) rose in June 2021 by 3.4% compared to last year. Transport cost, rising 16.6%, was the main driver for the increase in June's CPI.

  5. Dewan Rakyat Speaker Datuk Azhar Azizan Harun said the proposal to conduct a hybrid sitting had been deferred, and the matter would not be discussed at the five-day special sitting of the Dewan Rakyat, from July 26 to 29 and on Aug 2. Hence, all elected representatives can attend the special sitting.

  6. Dewan Rakyat deputy speaker Mohd Rashid Hasnon got caught flouting SOPs (again) with his family but his aide explained the photo was taken at a homestay near the sacrificial centre in Rengit, Batu Pahat which operated in line with the SOPs issued by the Johor government. PDRM has opened an investigation paper on this.

  7. After the Covid-19 screening was carried out ahead of the special sitting of the Dewan Rakyat today — at least two MPs tested positive:


5. AROUND THE WORLD 🌎

  1. PropertyGuru, the Southeast Asian online property listing company, has agreed to go public through a SPAC merger with Bridgetown 2 Holdings, the SPAC company backed by billionaire Richard Li (son of Li-Ka Shing) and Peter Thiel (co-founder of PayPal) valuing the company at USD1.78 bil. It will receive a total funding of USD463 mil and will be listed on the NYSE. 

    Founded in 2007, PropertyGuru has more than 2.8 mil monthly real estate listings, serving more than 37 mil property seekers a month and 49,000 active property agents across Indonesia, Malaysia, Singapore, Thailand and Vietnam. For its FY2020, it reported revenue of USD60.3 mil and loss of USD8.7 mil. 

  2. China has announced a ban on for-profit, off-campus school tutoring, in its bid to overhaul its education sector that sent dozens of publicly listed stocks stumbling in Shanghai and Hong Kong. It has ordered these companies to go non-profit. The Chinese education market is estimated to be worth USD125 bi in 2021.The booming industry has added to the costs of young households and increasing their financial burden, which dissuaded many to have more children and affecting China’s declining population growth rate. 

    Companies that operate edtech platforms or services that provide online education will no longer be able to raise capital through IPO and foreign investors are no longer allowed to acquire stakes in education companies in China that teach the school curriculum. Global investors such as Tiger Global, Temasek and SoftBank face huge uncertainties as they have invested heavily, potentially wiping out the billions that have been invested. 

    News in Brief:

  3. NASA’s Ingenuity helicopter has just completed its 10th flight on Saturday, doubled of what was originally planned for. It has completed more than 1 mile in distance flown in total. 

  4. Between June 15 to July 15, Russia is reported to have disconnected itself from the rest of the internet to test its new defence from cyber warfare. The tests included Russian physically disconnecting its networks from the worldwide internet. 

  5. KPMG is facing renewed criticism by the UK audit watchdog, Financial Reporting Council, for the quality of its banking audits, saying that it is “unacceptable” for the 3rd year running. Checks of 103 audits conducted by the UK’s big 7 audit firms showed that nearly one-third of audits were below par, well above the 10% benchmark FRC previously set.

  6. NASA has awarded SpaceX with a USD178 mil contract to launch its next alien-hunting mission to Europa, a moon on Jupiter. The mission will fly past Europa 45 times, getting as close as 16 miles above its surface to determine whether Europa could host life under its thick icy crust. The mission is scheduled for October 2024. 


6. FOR YOUR VIEWING PLEASURE 👁👁 (Beta Mode)

  1. How did a guy who owes LHDN RM37.6 mil leave the country? Your guess is as good as ours.

  1. The very first 3d-printed steel bridge opened in Amsterdam.

  2. Malaysia exceeded 1 mil confirmed Covid19 cases as of 25 Jul 2021. That’s 1 in every 33 Malaysians.