☕️ Selangor's (N+1)th water disruption

Meantime, water in US becomes a tradable financial asset. Carsome's USD30 million Series D fundraising. Glove counters saving KLCI index.

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US$300 million - the price Universal Music is paying for Bob Dylan’s entire 600-track songwriting catalog. The Times They Are a-Changin’. Dylan has sold more than 125 million records and have been covered more than 6,000 times by other famous artists such as Adele, Guns N’ Roses and Stevie Wonder.

RM827 million worth of transactions have flowed through Luno since its relaunched in 2019. Luno is first digital asset exchange in Malaysia approved by the Securities Commission (SC). You can now buy Bitcoin safely, with peace of mind.

[Sign up for Luno here with referral code YYYCQ and get RM25 FREE Bitcoin when you purchase RM250]

6.4 million Malaysian households have completed e-Census as of 6 Dec 2020, have you done it?

865,000 babies were born in Japan in 2019, a record low. Japan plans to use artificial intelligence matchmaking to help residents find love.



  1. Carsome, Southeast Asia’s largest e-commerce platform used cars, has raised a USD30 million Series D round. Founded in Malaysia in 2015, Carsome today has a workforce of 1,000 people across Malaysia, Indonesia, Thailand and Singapore. It’s transacting an annualised 70,000 cars totalling USD600 million in value.

    Carsome’s Series D round is a lot bigger than the various recent IPOs on Bursa Malaysia.

  2. Dewan Rakyat Speaker, Datuk Azhar Azizan Harun says he does not have power to expedite the motion of no confidence against the prime minister but back in 2015, he had a different opinion - catch a glimpse of it here!

  3. Gamuda Bhd is aiming to secure RM10 billion of order book in 2021 deriving from Penang’s reclamation jobs and Australia’s rail projects.

  4. The government is considering and fine-tuning a Royal Commission of Inquiry (RCI) to probe Tabung Haji. Just over a year ago, the government had to bear RM10.3 billion losses in Tabung Haji’s rescue plan.

  5. Selangor’s water disruption will always be (N+1)th time - there will be another one around the corner after the current one. Water disruptions are annoying, especially if they are unscheduled. The latest water disruption affected 1,274 areas in Selangor and KL and is the 10th in Selangor for the year.

    Bursa Malaysia should consider following its counterpart to launch a water futures (see story below).

  6. Without healthcare stocks, the local bourse’s index, KLCI would have fallen 11% year-to-Nov according to Bursa’s chairman, Tan Sri Abdul Wahid Omar.

  7. AirAsia Group Bhd’s is looking to steal the bankers’ lunch as BigPay waits for its lending license by Q1 2021.


  1. Wall Street trades stocks, gold, oil and now water too. CME Group is launching a water futures to hedge against or bet on potential water scarcity. This futures will be tied to the USD1.1 billion California spot water market.

  2. Tesla is planning to capitalise on its stock rally by selling another USD5 billion worth of shares. This follows a similar move 3 months ago when Tesla sold USD5 billion stocks too. This seems like a wise and ‘cheap’ move to shore up its balance sheet and aggressively scale its manufacturing capabilities with 0.83% dilution at its current market cap of USD600 billion.

  3. European banking regulators are contemplating to extend the ban on bank’s dividend payment to shareholders to 2021, a measure that was implemented at the onset of the Covid-19 pandemic crisis to strengthen banks’ balance sheet.

  4. Leaked data shows that Sequoia Capital, the early investor in Apple, Google, Whatsapp etc has made at least 8x returns after fees on 3 funds since 2003.

    2003 Sequoia Capital XI: Invested in LinkedIn and YouTube - 8x returns

    2006 Sequoia Capital XII: Invested in AirBnb and Unity - 10.9x returns

    Sequoia Capital 2010 (13th fund): Invested in  Square, Stripe and Whatsapp - 11.1x returns

  5. Apple announces its over-ear USD549 AirPods Max headphones. It comes in silver, space gray, sky blue, pink and green with up to 20 hours of battery life.

  6. Pfizer/BioNTech vs Moderna vs AstraZeneca/Oxford - here’s a table how these 3 Covid-19 vaccines compare to each other across factors such as cost, efficacy and more.

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