☕️ PM9 of Malaysia: PKR Anwar x Warisan Shafie vs UMNO Ismail Sabri
Uni of Nottingham Malaysia is worth RM208 mil. Boston Dynamics' robots doing parkour (Terminator will be real). New Zealand to enter nationwide lockdown over ONE Covid-19 case, first in 6 months.
1. MARKET SUMMARY
2. NUMBERS AT A GLANCE
2% — the growth of the eurozone in the second quarter of the year QoQ, according to the European Union statistics office. Eurostat also said that employment in the 19-nation bloc grew 0.5% in the April-June period compared to the previous quarter.
The International Energy Agency’s (IEA) expects global oil demand to rise by 5.3 mil barrels per day (bpd) on average to 96.2 mil bpd in 2021. The forecast was downgraded due to the worsening progression of the Covid-19 pandemic and revisions to historical data.
USD20.5 mil — the price paid for 1995 3-seater McLaren F1, one of the most prized collector cars for its rarity and place in auto history (only 62 produced). It is the most expensive F1 ever sold. The car only had 241 miles on it (approx 387kms).
3. COVID-19 SUMMARY
Hospital Tengku Ampuan Rahimah’s (HTAR) director said the number of daily admissions of Covid-19 patients for treatment at the hospital dropped by over 50% since last week from about 400 Covid-19 cases daily to 170 recently. Still a staggering number but it seems like things are looking up!
4. IN MALAYSIA 🇲🇾
Politics & Local
Dewan Rakyat Speaker Datuk Azhar Azizan Harun issued a notice yesterday requesting for all members of parliament (MPs) to submit in writing to Istana Negara their candidate for the next prime minister by 4 pm today.
UMNO Supreme Council met last night and unanimously backs Ismail Sabri for PM
PAS’s deputy president Tuan Ibrahim Tuan Man says the party is ready with the statutory declarations (SDs).
Warisan will back Anwar’s bid but asked Pakatan Harapan to support Shafie if Anwar’s bid falls through.
DAP and Amanah are said to have held briefings for all their MPs as well on the matter.
Pejuang will support the MP with the highest majority, Pakatan Harapan will be given the priority.
After the audience with Yang di-Pertuan Agong and several other political party leaders, PKR president Anwar Ibrahim said the King told politicians to unite against Covid-19, forge 'new politics'. Will Malaysians be able to see the new dawn?
Surina Shukri is relinquishing her role as CEO of Malaysia Digital Economy Corporation (MDEC) effective Aug 31, 2021. She was appointed on Jan 16, 2019. She was also named the World’s 50 Most Influential People Revolutionising Governance in the Agile 50 list compiled by Apolitical and the World Economic Forum’s Global Future Council on Agile Governance in 2020.
DBS Group Research forecasts Malaysian Ringgit (MYR) to fall to 4.40 against the greenback (USD) as Malaysia’s economic growth is poised to slow significantly in the second half of 2021.
Tech giants Facebook and Google have just announced Apricot — the 12,000km long submarine cable will connect Japan, Taiwan, Guam, the Philippines, Indonesia and Singapore, boosting connectivity in the Asia Pacific region.
Malaysia’s missing out once again after revoking the cabotage exemption for foreign-registered vessels performing undersea cable repairs in Malaysian waters. Guess who did this? Former Transport Minister Datuk Dr Wee Ka Siong. Who is he protecting? OMS Group Sdn Bhd (OMS), a Malaysia Shipowners Association (MASA) member that provides subsea cable installation and maintenance is in the process of registering a cable laying vessel under Malaysian-flagged.
The best part is — OMS doesn’t even have the full capability to do its job. Firstly, OMS’s Cable Orchestra is a barge that needs to be towed by tugboats and this will increase cost, to the dismay of tech players. Secondly, Cable Orchestra is a vessel with dynamic positioning (DP) 1 capabilities, as opposed to DP2 competencies, as required by the tech giants.
Former 1MDB CEO Mohd Hazem Abd Rahman confirmed to the High Court that Low Taek Jho was virtually the real CEO of the government-owned company as the former took instructions from Low.
Mohd Hazem claimed Najib had allegedly known that 1MDB’s funds had gone missing but that the then prime minister was purportedly putting on a “drama” by allegedly pretending to enquire about the funds’ status. We are not surprised he can put on a drama — just look at his Facebook profile.
Boustead Holdings Bhd is selling its 66.41% controlling stake in the University Nottingham Malaysia and the campus in Semenyih, Selangor for £23.5 million (approximately RM137 million) to the University of Nottingham, United Kingdom. The exit plan is part of its Reinventing Boustead Strategy.
DRB-Hicom Bhd recorded a net loss of RM217.5 mil for 2QFY21 ended June 30, 2021, due to the conglomerate's automotive and services divisions fell into the red, coupled with impairment of RM46.71 million in the quarter under review.
KLCC Stapled Group reported a net profit of RM144.01 mil for 2QFY21 ended June 30, 2021. The results showed an improvement of 4.83% YoY that was mainly contributed by its retail and hotel businesses in April, prior to the resurgence of Covid-19 in Malaysia that lead to lockdowns. The group declared an income distribution of seven sen per staple security.
Public Service Announcement
The road transport department (JPJ) has reminded all road users that they have to renew their driving licence and road tax (LKM) by September 30, with no further extension.
JPJ is offering a discount of up to 70% on all compoundable summonses from Aug 18 to Sept 16, in conjunction with the 64th National Day celebration themed ‘Malaysia Prihatin’ this year.
5. AROUND THE WORLD 🌎
BHP Group, the world’s biggest mining group, reported its best annual profit in nearly a decade benefitting from soaring iron ore prices on the back of robust demand from China and will pay a record dividend. The company’s profit for the fiscal year 2021 rose to USD17.08 bil and will pay a final dividend totalling USD10.1 bil.
Currently listed in multiple markets, BHP will simplify its listing structure and will move to a primary listing in Australia leading to Britain’s FTSE 100 index to lose its second-largest stock by market value after AstraZeneca. It also announced its intention to exit the oil and gas business. The change in its listing structure and exit from the O&G industry came years after pressure from an activist investor, Elliot Management.
European crypto exchange, BitPanda saw its valuation shooting up by 3x to USD4.1 bil in a USD263 mil round led by Peter Thiel’s Valar Ventures. Back in March, it raised USD170 mil at a USD1.2 bil valuation. Apart from crypto, the company also offers trading in precious metals and will soon offer stock trading. BitPanda currently has 3 mil users. Unlike others, BitPanda has been profitable in the past 5 years, but it did not disclose any revenue figures apart from saying it is on track to 7x its revenue in 2021.
A Spanish company, Genaq, produces water generators that extract water out from the air. Founded in 2008, the company generates about 1.5 mil litres of water a day in water-bottling plant projects in 45 countries. Its technology extract water through condensing humidity in the air through a refrigeration circuit, then filter and remineralise it to make it suitable for human consumption.
The generator can run using energy sources from the electrical network, generator set, or solar and wind energy. Under nominal conditions (30% - 80% humidity), the generator, depending on the model, can generate between 50 to 50,000 litres of water per day. It can be easily deployed in remote areas, emergency sites in military and civilian camps or natural disasters. Countries like Australia, Malaysia, Madagascar, to name a few are using these generators and it counts the UN, armies and governments and oil companies amongst its customers.
News in Brief:
As Singapore sovereign wealth fund, Temasek’s fund size grows larger and domestic investments no longer provide sufficient returns, Temasek has gone upstream to invest in riskier, early-stage companies. It counts names like Grab, Nium and Impossible Foods amongst its successful investment. See here the list of unicorns it has in its stable.
New Zealand is to enter a nationwide lockdown - over 1 (yes, one) Covid-19 case, the first case in 6 months. It is yet to be confirmed whether the detected case was the Delta variant. Detected in Auckland the city will be in lockdown for a week, whilst the rest of the country will be in lockdown for 3 days,
Chinese e-commerce giant, Alibaba, has joined the non-fungible token (NFT) bandwagon. It has launched an NFT marketplace on its auction platform to allow artists, musicians, writers and game developers to sell NFTs of their work.
The creator of Sudoku or also known as the “Godfather of Sudoku”, Maki Kaji, has died from cancer at 69.
6. FOR YOUR VIEWING PLEASURE 👁👁
A photo shows 640 people crammed inside a USAF transport aircraft as they try to escape Kabul.
These Boston Dynamic robots are getting scarier and scarier. Skynet is nearing, Time to find our John Connor!
Flash Forest, a Canadian startup that uses drones and machine learning to automate reforestation