☕️ RM16.9 billion trust fund unlocked by PN via Emergency Ordinance (to plunder?)

Kelantan is under MCO. Netflix's 2021 content budget: a massive USD17 bil. Apple supplier under USD50 mil ransomware attack, leaking Apple's proprietary schematics.

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**Testing a new section - For Your Viewing Pleasure**

1. MARKET SUMMARY


2. NUMBERS AT A GLANCE

2,195 websites and 19,765 phone lines promoting online gambling has been blocked by MCMC.

USD17 bil — Netflix’s budget for content this year as pandemic restrictions loosen and production resumes.

How much should you spend renovating a USD276 million 45-room mansion? Slightly more than what you've paid for it, USD277 million. The 62,000-square-foot mansion at 2-8A Rutland Gate overlooks London's Hyde Park.


3. COVID-19 SUMMARY

  • All districts in Kelantan under MCO until April 29 2021 following sharp rise in Covid-19 cases.

  • Khairy Jamaluddin has said states are free to secure their own supply of vaccines provided they ave approved by federal authorities.

  • Education sector recorded 4,868 Covid-19 cases thus far this year.


4. IN MALAYSIA 🇲🇾

  1. Luxchem Corp Bhd’s 1QFY21 ended March 31 2021 surged 129% y-o-y to RM20.56mil from RM9.9mil due mainly to its trading and manufacturing segments. The group declared a single-tier interim dividend of 0.9 sen per share to be paid on June 3. The counter closed 4.4% higher at RM0.83 yesterday.

  2. Citi Malaysia has clarified its consumer banking business will continue business as usual to serve and support clients. All credit card and bank account holders, and customers in investments and loans can be assured that all Citi’s existing products and services will continue normally.

  3. Telekom Malaysia Bhd (TM) is partnering with Telefonica Tech to strengthen its digital infrastructure solutions. A master service agreement was signed between TM One and Telefonica Tech to allow TM ONE to further develop and implement a global cybersecurity strategy for the Malaysian enterprise and public sector.

  4. RM16.9 billion trust fund has been unlocked by the government following a new emergency ordinance that amended the National Trust Fund 1988 (KWAN) Act to allow it to be used for the procurement of vaccines (probably political votes and support too?) and related expenditure. KWAN was set up in 1988 and is managed by Bank Negara Malaysia, with Petronas as its most notable contributor.

  5. Lim Kit Siang’s biography by Liew Chin Tong has revealed that former Prime Minister Tun Dr Mahathir Mohamad wanted to sack Yeo Bee Yin following the new conditions imposed on Lynas previously. As with biographies or autobiographies of Malaysian politicians, there will be a lot of “he said, she said” content. You can purchase the personal glimpse and tribute to Lim Kit Siang’s political life here!


5. AROUND THE WORLD 🌎

  1. While Apple was holding its Spring Loader event unveiling its new product lineups, one of its main suppliers was undergoing a ransomware attack. The hackers, known as REvil, publicly declared that that it had accessed the internal computers of Apple supplier Quanta Computer  Inc, based in Taiwan that makes MacBook for the tech giant. Through the attack REvil was able to obtain 15 images/schematics of unreleased MacBooks. They are demanding the ransom to be paid by 1 May, and that they have encrypted ‘all local network data’ and will not give it up until the ransom is being paid. As a proof, of the hack, REvil leaked some schematics of the MacBook components on its site.

  2. Misfit Markets, a startup known for selling ‘ugly’ fruits and vegetables at a discount announced that it had closed its Series C funding of USD200 mil, making it a unicorn with a reported valuation of USD1.1 bil. Misfit Markets sell its products at a discount of up to 40% compared to other grocery stores by purchasing products these regular stores won’t buy or sell. It gave an example where it recently purchased 50,000 bottles of perfectly good olive oil ‘where the labeling was just angled the wrong way’. Its active customer base and order volume grew 5x last year, shipping 77 mil pounds of food to more than 400,000 customers.

  3. A long term study has shown that people in their middle age who slept less than 6 hours or less  were 30% more likely to get dementia. This is based on a study of 25 years in the UK, started in 1985 and followed 7,959 people, starting when they were 50, for a quarter of a century. By the end of the study, 521 of these people had developed dementia. The peer-reviewed study found that those who slept less than 6 hours or fewer in their 50s, 60s and 70s had a 30% higher risk of dementia than those who slept 7 hours. The average age at diagnosis of dementia was 77

  4. The United Arab Emirates overtook China in February to purchase more US Treasuries, breaking with other top oil exporters in the Middle East that are cutting back their exposure. The OPEC’s 3rd biggest producer increased its holdings by 50% to USD50.6 bil, adding nearly USD17 bil that made it the 2nd biggest buyer in Feb after the UK. No reasons were given by the central bank of the UAE over the jump of its purchases. China bought USD9 bil in Treasuries in Feb, bringing its holdings to USD1.1 tril, or 5.2% of the total outstanding Treasuries of USD21 tril.


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

  1. USD4 bil Clubhouse global monthly installs. Numbers not looking too good for its investors.

  2. The most popular car in every country around the world

  3. The USD40 bil meme coin cryptocurrency - Dogecoin

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