☕️ UK warns that the world will suffer a bio-chemical terrorist attack in the coming 10 years

World Bank says Malaysia will be high-income nation in 5 years. Ex-PNB CEO to become CEO of Berjaya Group. From videos to semiconductor - Bytedance, Tiktok's owner new expansion.

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USD32 bil net worth of the once coveted China tycoon Wang Jianlin evaporated over the past six years as his Dalian Wanda Group Co faces liquidity troubles.

USD700 mil - the amount Telegram, the messaging app owes creditors.

300 eth - or USD590,000 at the point of sale of the price of Nyan Cat nonfungible token (NFT) sold by its creator, Chris Torres, 10 years after creating it.



  1. According to World Bank Group, the country will transition from an upper-middle income nation to a high income nation in the next 5 years. Richard Record, the World Bank Group’s lead economist in Malaysia said improvement in the education system is tantamount to Malaysia becoming a more attractive destination for investors as compared to the neighbouring countries.

  2. Not sure if the government or DS Anwar Ibrahim needs to go to primary school for basic mathematics. This must have been the umpteenth time that the PKR president claims he has enough numbers with potential partnership with UMNO. While a general election would be welcomed, the timing just isn’t right as the country is still struggling to make it out alive out of the Covid-19 pandemic.

  3. The recently out of favour former boss at PNB, Abdul Jalil Abdul Rasheed has been appointed as the CEO of Berjaya Corporation Bhd as the first non-family member to run Tan Sri Vincent Tan’s sprawling business empire.

  4. Kedah, Perak and Negri Sembilan will be converted to RMCO beginning Friday, March 19, 2021 while existing CMCO states remain status quo. No interstate travel is allowed except for tourism purposes between RMCO states. Inter-district travel has now been allowed for all states, except Sabah and Sarawak.

  5. The price of crude palm oil (CPO) peaked at RM4,247.50 per tonne on Monday, an all-time high in the country’s palm oil industry history. Meanwhile, FGV Holdings Bhd’s price shot up as much as 28% yesterday before closing 20.7% higher after the privatisation exercise fell through. The group had missed the rally that other CPO counters enjoyed over the past few months due to the high CPO prices.

  6. Principal Asset Management has officially launched its e-wallet investment solution in the country through a landmark partnerships with TNG Digital Sdn Bhd, a company under Touch ‘n Go Group. The Principal e-Cash fund will soon be made available through the Touch ‘n Go e-Wallet, paving for the way for millions of Malaysians to have access to the money markets.

  7. The infamous Goods and Services Tax (GST) might really be making a comeback as Ministry of Finance (MoF) is currently undertaking a study on how to widen Malaysia’s revenue base.


  1. Billionaire hedge fund manager of Pershing Square Capital, Bill Ackman, is donating 26.5 mil shares of Coupang, the South Korean e-commerce company that went public last week. The donation goes to Pershing Square Foundation that was established in 2006 to ‘support exceptional leaders and organisations that tackle important social issues and deliver scalable and sustainable impact across the globe’. The shares are worth USD1.113 bil as of Friday’s closing price. Ackman is considered an early investor as he participated in Coupang’s seed round in 2014.

  2. The UK has warned that the world is likely to suffer a successful chemical, biological or so-called dirty bomb attack by terrorists over the next 10 years. This prediction is part of a 100-page report of Prime Minister Boris Johnson’s officials on the UK’s security and place in the world since the end of the Cold War. The UK plans to cut back on tanks and fighter jets, whilst bolstering its nuclear missiles by more than 40%. 

  3. Despite the run-ins with Chinese regulators, Jack Ma’s Ant Financial valuation seems to be holding up well over USD200 bil, which is a third above its last funding valuation in 2018 when it raised USD14 bil at a USD150 bil valuation. Since its IPO was halted, Ant is undergoing a restructuring mandated by regulators, where it will be regulated as a financial firm rather than a tech firm. One of Ant’s investors, Warburg Pincus, the private equity giant, valued Ant at USD220 bil at end of 2020. 

  4. An unexpected expansion by Bytedance, the owner of Tiktok - Bytedance is hiring employees for a possible push into semiconductors, posting dozens of job openings related to semiconductors, including hardware and software engineers in Shanghai and Beijing. This expansion is aligned with China's Communist Party priority to boost spending and drive research in cutting-edge chips and artificial intelligence.

  5. France has received a 7x oversubscription for its EUR7 bil green bonds with orders of EUR34.5 bil (USD41 bil). Green bonds are debt raised for the purpose of funding climate and environmental projects. France is the world’s largest sovereign issuer of green bonds.

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