☕️ Tun M blames Chinese for using chopsticks, instead of hands as a reason for non-assimiliation
School roof collapsed during school time, no casualties reported. Elon Musk is TIME magazine's person of the year 2021. N Korea and S Korea have agreed “in principle” to end the Korean War.
1. MARKET SUMMARY
2. NUMBERS AT A GLANCE
RM210.4 billion — the federal government's total revenue until November 2021, an increase of 8.9%!
Facebook is wrong 83% of the time when it comes to identifying the nature of political advertisements, out of 189,000 cases picked up by researchers. The platform had the worst record in Malaysia, where it missed as much as 45% of ads from obviously political pages or advertisers.
A bitcoin whale scooped up USD150 million worth of bitcoin during digital currency's recent plunge, according to data from BitInfoCharts, a blockchain monitoring service. But what’s USD150 million when the wallet has almost USD6 billion worth of bitcoin?
3. COVID-19 SUMMARY
Malaysia recorded its lowest number of new Covid-19 cases since May this year, with 3,504 new cases yesterday.
4. IN MALAYSIA 🇲🇾
Politics & Local
During the launch of his book ‘Capturing Hope: The Struggle Continues For A New Malaysia’, Tun Mahathir used the example of the Chinese community using chopsticks to highlight the challenges in assimilating the non-Malay population in the country.
Is it wise and practical to eat noodles and steamboat using hands? Non-assimilation or worse still segregation has nothing to do with the cutleries used. Reflect on the policies that you have supported and implemented during your time.
"For example, the Chinese eat with chopsticks, they don't eat with their hands. They have not adopted the Malaysian way of eating food. They retained the chopstick which is an identity with China, not with Malaysia, and many other things,"
- Tun Mahathir
The roof at one of the school’s blocks in SMK Seri Menanti in Muar collapsed due to strong winds as it was still under construction and had not been completely closed off. According to Muar MP Syed Saddiq, the incident happened whilst the school was in session and all students were in recess. Fortunately, no casualties were reported.
Commenting on the breach of SOP by the organiser of the Aspirasi Keluarga Malaysia event, Helth Minister Khairy Jamaluddin said that the government is losing credibility amongst the people after repeatedly breaking its own Covid-19 SOPs. Many would believe that the government’s credibility has long gone down the drain even before this incident.
The Public Accounts Committee (PAC) has confirmed suspicions that a plot of land Bank Negara Malaysia (BNM) purchased from the federal government for RM2.07 bil in 2017 was intended to pay off 1MDB’s debts. The Valuation and Services Department had valued the land instead at RM1.422 bil.
BNM governor then was Muhammad Ibrahim, who denied wrongdoing on this matter. The PAC found that BNM’s board member took just nine days to decide to acquire the land after discussing with the Finance Ministry and three days after the offer was made by the ministry, showing insufficient due diligence was done.
The Malaysia Competition Commission (MyCC) is investigating over 500 companies suspected of bid-rigging in government procurement involving tenders worth more than RM2 bil.
Malaysian Investment Development Authority (MIDA) said that chipmaker Intel Corporation would invest RM30 bil in a new, state-of-the-art facility in Penang to expand manufacturing capabilities for its advanced semiconductor packaging technologies.
Malaysia maintains its position as the largest U.S. solar photovoltaic (PV) maker in 2021, although its market share has shrunk from 42% in 2020 to 31% in 2021. This was followed by Vietnam with 28.8% market share and Thailand with 26.2% market share. The fall in market share for Malaysia and Vietnam is due to a rise in imports from Thailand and South Korea.
The US is on track to import a record 27.8 gigawatts of solar PV panels in 2021, worth an estimated USD8.9 bil.
Evergreen Fibreboard Bhd said a fire broke out at 7 am at its wholly-owned subsidiary's wood fibre storage bin in Segamat, Johor, on Saturday (Dec 11) morning, which killed two people. The company said that the damage was not material. Evergreen’s market cap stands at RM402 mil.
5. AROUND THE WORLD 🌎
Myanmar’s shadow government, the National Unity Government (NUG), has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use. The move undermines the crypto ban imposed by the Central Bank of Myanmar in May last year. The NUG, led by the supporters of jailed leader Aung San Suu Kyi, will accept Tether for its ongoing fundraising campaign seeking to topple the current military regime in Myanmar.
Hong Kong media mogul Jimmy Lai, the founder of now-defunct Apple Daily newspaper, has been sentenced to 13 months in jail after he was found guilty last week of inciting others to participate in an unlawful assembly — participating in a vigil marking the 1989 Tiananmen massacre in Beijing last year. Lai was one of eight activists sentenced on Monday.
North Korea and South Korea have agreed “in principle” to officially declare an end to the Korean war after nearly seventy years, as announced by Korean President Moon Jae-in. Moon is not considering a diplomatic boycott of the upcoming Beijing Winter Olympics. He is hoping to use the Beijing games as a means of opening up possible summit-level talks with Pyongyang.
A recent ruling from Germany’s Federal Social Court has ruled that the walk from your bed to your desk could now count as a commute. The court ruled that a man should be covered by his company’s insurance after he suffered a fall on the way to his home office — the unnamed man slipped on a spiral staircase and broke his back. The employer’s insurer had refused to cover the accident claim. Will employers in Malaysia cover such incidents? Fortunately, Malaysia’s Social Security Organisation (Socso) does!
Andy Beshear, Kentucky’s governor, believes the death toll from powerful tornadoes that devastated towns in Kentucky is likely to pass 100, with at least 80 confirmed deaths thus far. The hopes of finding survivors seem dim as no one has been found alive since Saturday morning. Mr Beshear said a tornado had wrecked places all along its 227-mile (365km) path.
TIME Magazine’s Person of the year 2021 — Elon Musk, the CEO of Tesla and SpaceX and the wealthiest person in the world. From saving our planet to dreaming of life on Mars, read the full article to see why TIME named him as the person of the year.
Pfizer Inc. and Arena Pharmaceuticals, Inc. have entered into a definitive agreement for Pfizer to acquire Arena in an all-cash deal for a total equity value of approximately USD6.7 billion. Arena is a clinical-stage company developing potential therapies to treat several immuno-inflammatory diseases. Pfizer will acquire all the outstanding shares of Arena for USD100 per share.
Binance Asia Services Ltd. has withdrawn its application to run a bourse in Singapore, ending an effort that started last year to win approval from Singapore’s authorities. The fiat-to-crypto trading platform Binance.sg will wind down operations and close by Feb. 13, 2022. Binance Asia provided the plan for the cessation of payment services, allowing customers time to seek alternative providers or, if they wished, to liquidate holdings.
6. FOR YOUR VIEWING PLEASURE 👁👁
India's Harnaaz Sandhu, 21, is crowned the Miss Universe of 2021, bringing the crown home after 21 years.
According to Twitter user @Aiminpublic, the way the security guard handled the monitor lizard by helicopter swinging it was necessary to keep its teeth away at all cost and pulling it straight will risk the monitor lizard turning around to bite.
Sungai Tebrau, the 53rd most polluted river in the world according to The Ocean Cleanup Project. A nation will never be a first-world country with a third-world mentality.