☕️ Public Bank's pandemic relief has helped 160,000 customers amounting to RM40 bil

Salary and benefits are Malaysian job seekers' #1 priority when searching for new job. USD18.9 million for a physical coin. The 2nd largest TV show exporter globally is Turkey.

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76 times oversubscribed — public portion of Pekat Group Bhd’s IPO, tentatively scheduled to list on ACE Market on June 23 2021. Pekat is a solar photovoltaic (PV), earthing and lightning protection (ELP) specialist.

£14.8 billion a year — the value of UK’s space industry, which is one of UK’s fastest growing sectors.

USD 18.9 million — the price of a 1933 Double Eagle, America’s last gold coin struck for circulation.


  • Private medical practitioners will be able to administer 145,000 Covid-19 vaccine shots a day starting July according to Khairy Jamaluddin.

  • More Pfizer vaccines coming to Malaysian shores in the coming three weeks — 444,600 doses per batch to be distributed on June 16, June 23 and June 30 2021.

  • An enforcement officer in Pasir Mas faces action for not wearing mask when he was issuing a compound to street vendors in Rantau Panjang on June 13 2021.

  • European Medicines Agency's (EMA) has recommended to stop AstraZeneca shots to people over-60s — in the context that Covid-19 infection is dropping across Europe, availability of other vaccines (Pfizer, Moderna) and AZ’s blood clotting risk.


  1. Serba Dinamik Holdings Bhd’s (Serba) board of directors has agreed in principle to appoint Ernst & Young Advisory Services Sdn Bhd as the independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.

    Serba also said it was appointing Datuk Mohamed Ilyas Pakeer Mohamed, Masleena Zaid and Johan Mohamed Ishak to its board as independent and non-executive directors.

  2. Teleport, the logistics arm of AirAsia Group Bhd's airasia digital has tripled its revenue in 1Q21 vs 4Q20 thanks to e-commerce growth that has been accelerated by the pandemic. AirAsia Group CEO Tan Sri Tony Fernandes further said the figures are back to pre-pandemic revenue and growing faster than before — without disclosing the revenue figure. Syok sendiri ke?

  3. Public Bank Bhd’s Covid-19-driven targeted loan repayment assistance programme has assisted over 160,000 customers who benefitted from the bank’s pandemic relief amounting to about RM40 billion. Currently, more than 90% of the bank’s customers are paying their monthly loan instalment according to managing director and CEO Tan Sri Tay Ah Lek (pictured below).

  1. Datuk Seri Najib Razak’s application for a stay of execution on a summary judgment involving a RM1.69 billion payment for income tax arrears owed to the Inland Revenue Board (LHDN) has been dismissed by the High Court. The former prime minister then said on his Facebook that bankruptcy won’t bring him down.

    stay of execution is a court order to temporarily suspend the execution of a court judgment or other court order.

News in brief

  1. Top 3 things Malaysian employees (n = 2,523) are seeking for in a new job according to 2021 Employer Brand Research by Ranstad Malaysia:

    • Attractive Salary and Benefits (72%)

    • Work-life balance (69%)

    • Strong Management (64%)

  2. Top Glove’s American Depository Receipt (ADR), which trades on the Nasdaq Stock Exchange surged 68.54% to USD7.50 — UOB Kay Hian Malaysia Research doesn’t expect similar surge on Bursa Malaysia.

    One Top Glove ADR is equivalent to four Top Glove shares on Bursa Malaysia. Therefore, at US$7.50, it values Top Glove at RM7.70.


  1. Exchange Traded Fund (ETF) global assets surged to a new all-time high of USD9 tril. BlackRock, the largest asset manager in the world with USD8.7 tril in assets under management (AUM) saw its ETF business exceeding the USD3 tril milestone for the first time in May. BlackRock predicted that by 2025. The ETF industry’s assets will reach USD15 tril and accounts for just 3% of assets held in equity and bond markets globally. Behind BlackRock in the ETF space is Vanguard, with USD1.8 tril in ETF AUM followed by State Street Global Advisor, which passed the USD1 tril mark in April. 

    Learn more about ETF here

  2. Which country is the second-largest exporter of TV content after the US? It’s not South Korea, the answer is wrong. It’s Turkey, which comprises 25% of imported shows around the world. From a modest USD100,000 of export in 2008, it grew to USD500 mil in 2020 and is expected to top USD1 bil in global sales in 2023. A popular series, ‘Magnificent Century’ (trailer here, if you are keen), a story on the reign of Sultan Suleiman the Magnificent has been viewed by 500 mil people around the world. - 1 of every 16 people in the world has watched this show. 

  3. Instacart, the USD39 bil on-demand grocery delivery platform recorded a revenue of USD1.5 bil in 2020, with its business boosted by the pandemic. What is less-understood about its business is that advertisements contributed 20% of its revenue of about USD300 mil, setting it apart from its competitors like DoorDash and other delivery platforms. Grocery delivery runs on thin or non-existent margin whilst  ads can fetch margins as high as 80%.

    Its CEO, Apoorva Mehta has said internally that the company’s goal is to break even as a delivery business and produce most of its profit from advertising. Brands are willing to pay Instacart to promote their products in its app and provide data and insights that ad giants Facebook and Google aren’t able to provide. Instacart’s ad revenue is expected to hit USD1 bil in 2022. Digital-ad spending on FMCG products is expected to jump by 16% to USD23 bil in the US this year. 

    Read Forbes January 2021 coverage of Instacart and its 34-year old billionaire here.

    News in Brief: 

  4. A microscopic, multicellular organism known as bdelloid rotifer was brought to life after 24,000 years lying frozen in Siberia, setting the longest recorded survival period in a frozen state. 

  1. Coinomo, a cryptocurrency exchange, which is focused on Southeast Asia has raised an undisclosed amount from Vertex Ventures, the early investor in Grab.


  1. Photographer, Gunarto Song, captured a spectacular shot of a meteor falling into Mount Merapi, one of Indonesia’s most active volcano.

  2. The 25 poorest countries in the world