☕️ Rosmah Mansor's 'Can I advise you something' admissible as court evidence in RM1.25 billion graft trial
What is period poverty? Bill Gates' second USD1 billion venture fund to invest in climate technology. Coinbase, one of the world's largest crypto exchange worth more than NYSE owner.
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1. MARKET SUMMARY
2. NUMBERS AT A GLANCE
US$17,545— price per square foot of the most expensive apartment in Asia, only in Hong Kong. The 3,378-square-foot apartment with five bed room costs a cool US$59 million.
73,000 jobs were created in 2020 according to Department of Statistics Malaysia.
RM600,000 worth of electricity were stolen in Kamunting, to mine Bitcoin.
1 million years old — the oldest DNA ever recovered from 3 ancient mammoth teeth found in Siberia.
3. COVID-19 SUMMARY
4. IN MALAYSIA 🇲🇾
Greatech Technology Bhd, an automation solutions provided recorded 77% jump y-o-y in net profit for 4Q2020 ended on 31 Dec 2020, raking in RM31.8 million.
If you held Greatech since listing back in June 2019 at RM0.61 a share, you would have gained 1,980% at yesterday’s closing price of RM6.06 including the 1-for-1 bonus issue that happened in early Jan 2021.
The cops have nabbed Sugarbook founder at his residence in Mont Kiara but the High Court did not give remand order to the police. However, he’s still detained according to Selangor CID to facilitate rape and prostitution case lodged in 2019.
Meanwhile, Health DG Tan Sri Dr Noor Hisham said a mobile unit will be sent to administer the Covid-19 vaccine to people who are unable to physically visit designated hospitals. Dr Kalaiarasu M. Peariasamy from Health Ministry mentioned that Malaysians should not be picky in selecting which Covid-19 vaccine as they are all safe.
MCO2.4 update - more than two people can dine in and travel in the same vehicle from today onwards. Let’s stay safe and adhere to the SOP.
Former self-proclaim First Lady Datin Seri Rosmah Mansor’s has been ordered to enter her graft trial involving RM1.25 billion a solar hybrid project in Sarawak. Justice Mohamed Zaini Mazlan has allowed the admission of the infamous recording “Can I advise you something?” as evidence for the trial.
Sime Darby Plantation Bhd recorded a net profit of RM1.2 billion for FY2020 compared to net loss of RM200 mil owing to better performances in both upstream and downstream segments. However, the group is still working on the Withhold Release Ordered issued by US Customers and Border Protection which the latter alleged Sime Darby over forced labour issues.
5. AROUND THE WORLD 🌎
New Zealand Prime Minister Jacinda Arden has announced that all New Zealand schools will have free access to sanitary pads from June onwards to stamp out period poverty in the country.
Period poverty is a real thing. The dilemma to choose between having food to eat or buying sanitary pads for period is a real situation for the poor. Lacking access to period products can lead to students missing school and also cause financial hardship.
Breakthrough Energy Ventures, the venture capital firm helmed by Bill Gates, has raised its second USD1 billion fund for climate tech. Jeff Bezos, Richard Branson and Michael Bloomberg amongst the investors in its first fund and also counts Jack Ma and Vinod Khosla as board members.
BEV is seeking to fund startups focusing in 2 areas:
Direct-air capture: the process of pulling carbon dioxide out of the air to store permanently or recycled into products.
Green hydrogen: the process of creating hydrogen through electrolysis using renewable energy.
One of the world’s largest crypto exchanges, Coinbase is now worth USD77 billion ahead of its highly anticipated direct listing. This is based on trades made in the secondary market through Nasdaq Private Market, where its shares hit USD303 per share - a significant increase from USD200 per share 3 weeks ago. This makes Coinbase more valuable than Intercontinental Exchange, the owner of New York Stock Exchange.
Ford will be investing USD1 billion in an electric vehicle manufacturing facility in Cologne, Germany. It announced that by mid-2026, all of its passenger vehicle range in Europe would be ‘zero-emissions capable, all-electric or plug-in hybrid’ and by 2030, its offering will be ‘completely all-electric’.
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) has pursued a new sector of investment - video games, an area long favoured by Crown Prince Mohd bin Salman (MBS). PIF acquired USD3.3 billion worth of stocks in 3 US video-game makers - Activision Blizzard (Call of Duty), Electronic Arts (FIFA) and Take-Two Interactive Solutions (Grand Theft Auto).
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