☕️ There are only 5 apps with >3 bil downloads: 4 from Facebook + TikTok

Berjaya Corp plans to sell its cashcow, Berjaya Sports Toto. Facebook to pay content creators >USD1 bil to keep them in the walled gardens. Leaked Russian docs described Trump as "mentally unstable".

1. MARKET SUMMARY


2. NUMBERS AT A GLANCE

319 terabits per second (Tb/s) — the fastest internet speed ever recorded by engineers in Japan. At this rate, it’ll take about 0.025 seconds to download a 1 Terabyte file. The record was accomplished with fibre optic infrastructure that already exists but with a few advanced add-ons.

The six-time Ballon d’Or winner, Lionel Messi, has verbally agreed to extend his contract at FC Barcelona for another 5 years with his salary to be reduced by 50% under terms of the new deal. He will do fine - still walking home with USD85 mil per year.

32.7 million — Malaysia’s population in 2021. Malaysian citizens rose by 1.0%, while non-citizens declined by 7.6%


3. COVID-19 SUMMARY

  • PM has requested the Special Committee on Ensuring Access to Covid-19 Supply (JKJAV) to consider relaxing movement control for those who have received two Covid-19 vaccine doses. Why does the government allow so many committees to dictate the handling of the pandemic? It’s a clear sign of bureaucratic failure.

  • Stores selling computers, telecommunications devices, stationery, and books will be allowed to operate beginning today according to DPM.

  • Khairy Jamaluddin conceded in an interview that government ministers flouting the standard operating procedures (SOPs) had damaged the credibility of the lockdown.

  • 15 seconds is all it takes for the delta variant of the Covid-19 to infect someone, according to Health DG Tan Sri Noor Hisham Abdullah.


4. IN MALAYSIA 🇲🇾

  1. Malaysia Aviation Group Bhd (MAG) has launched a tender for the sale of its six Airbus A380-800 superjumbos following the chief executive officer Captain Izham Ismail's announcement back in May 2021 that the national carrier will be retiring the A380s.

    The A380-800 is certified for up to 853 passengers. However, Malaysia Airlines’s A380s are configured to seat 486 passengers. MAG paid RM6.08 bil (USD1.6 bil) back in 2003 for these six superjumbos. They’d be lucky to recoup half of the amount from the sale.

  2. Berjaya Corp Bhd (BCorp) group chief executive officer (CEO) Abdul Jalil Abdul Rasheed had shed more details on the group’s strategic transformation plan yesterday, which entails the privatisation of Berjaya Land Bhd and selling of Berjaya Sports Toto Bhd (BToto). The plan also includes a proposed hospitality real estate investment trust (REIT).

    Will his transformation plan works out or will it tear down the legacy that Tan Sri Vincent Tan has built?

  3. Following the resignation of two experts, namely migrant rights activist Andy Hall and human rights lawyer Justine Nolan, in Sime Darby Plantation Bhd’s (SDP) Expert Stakeholder Human Rights Assessment Commission, SDP has dissolved the commission.

    The dissolution was one to provide more time for an independent evaluation of labour practices to be carried out. SDP’s Sustainability Committee will take over the oversight function of the evaluation exercise. On December 30, 2020, U.S. Customs and Border Protection (CBP) issued a withhold release order (WRO) on imports of palm oil produced by SDP and its related entities due to allegations of forced labour in SDP’s plantations.

  4. If the Royal Malaysia Police (PDRM) is investigating a case involving an arrestable offence, they do not need a warrant to do a premises search according to Penang police chief Comm Datuk Mohd Shuhaily Mohd Zain. He also said premises owners have the right to decide who they will allow into their house. Bro, what do you mean?

    The above clarification came after a woman refused to allow a group of plainclothes policemen to enter her apartment.

  5. The five-day Dewan Rakyat seating beginning July 26, 2021, is a “special sitting” before the official session begins in September as announced by Speaker Datuk Azhar Azizan Harun. Why? The Emergency is still in effect.

    However, Yang di-Pertuan Agong will officiate the opening ceremony of the first meeting of the fourth term of the 14th Parliament on September 6, 2021.


5. AROUND THE WORLD 🌎

  1. TikTok has been downloaded more than 3 bil times across the world. Only Facebook and its family of apps have reached this milestone. TikTok is the 5th non-game app to ever surpass this 3 bill install mark and the other 4 are Facebook, Whatsapp, Instagram and Messenger. In terms of monthly active users (MAU), Facebook is still far ahead with 2.85 bil MAU vs TikTok’s MAU of 732 mil. Interestingly, none of Google’s apps achieved this milestone.

  2. Revolut, the London-based financial ‘superapp’, confirmed that it has raised USD800 mil in its Series E round valuing it at USD33 bil, making it the most valuable fintech out of the UK. This round was co-led by SoftBank Vision Fund 2 and Tiger Global. Back a year ago in July, Revolut announced its Series D round of USD580 mil. What is stunning is the valuation growth of 6.6x from its previous valuation of USD5.5 bil a year ago. 

    Some highlights:

    1. 16 mil users across the world

    2. 150 mil transactions per month

    3. Revenue of USD361 mil in fiscal year 2020, up 57% vs 2019 of USD229 mil

    4. USD277 mil operating loss in 2020

    5. Its new funding will allow it to build its own infrastructure, growing its credit services and build its user bases in the US and India.

  3. According to leak documents assessed and seen by The Guardian, it shows that Russian President Vladimir Putin personally supported Moscow’s interference in the 2016 election. The president, his spy chiefs and senior ministers in this national security meeting in January 2016 concluded that Trump was the best option to promote the Kremlin’s strategic objectives as Trump would induce “social turmoil” and undermine the American presidency, which he clearly did deliver for the Russians and with Trump’s victory, it “will definitely lead to the destabilisation of the US’s sociopolitical system”. 

    The leaked documents described the former president as an “impulsive, mentally unstable and unbalanced individual”. It also supports claims that Russia has compromising material over Trump, which has long been an unproven lurid rumour that was published by a former UK intelligence officer after Trump won the presidency. It referred to “certain events” that happened during Trump’s trips to Moscow.

News in Brief:

  1. Facebook and Instagram announced plans to pay content creators more than USD1 bil by the end of next year through new bonus programmes to keep creatives plugged into its ecosystem.

  2. In its attempt to punish the Chinese for alleged ongoing genocide against Ughyurs and other Muslim groups in Xinjiang, the US Senate passed legislation known as The Uyghur Forced Labour Prevention Act to ban the import of products from China’s Xinjiang region.

  3. The anonymous bidder that paid USD28 mil to fly on Blue Origin’s New Shepard aircraft alongside Jeff Bezos will postpone his/her flight “due to scheduling conflicts” and will be replaced by 18-year old Oliver Daemen, making him the youngest-ever person to space. 

  4. BlackRock, the world’s largest asset manager saw its assets under management (AUM) jumped to a record USD9.49 tril (the US Federal Reserve has USD8.1 tril in assets for comparison) in the 2nd quarter from USD7.32 tril a year earlier. Revenue rose 32% to USD4.82 bil with adjusted net income increased by 28% from USD1.21 bil to USD1.55 bil. BlackRock’s market cap stands at USD135.6 bil.


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

  1. Sounds like he’s mocking the rakyat.

  1. Rakyat berpuasa, Pemimpin berkuasa.

  2. Comparing the sizes of Hollywood robots.