☕️ YET AGAIN: Senior citizen loses RM1.3 million to Macau Scam syndicate

Bill Gates improper conduct with female colleagues revealed. Malaysia recorded its highest Covid-19 death toll since the pandemic begun. Gojek + Tokopedia = GoTo merger now official.

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1. MARKET SUMMARY


2. NUMBERS AT A GLANCE

14 million people day — the rate of China’s Covid-19 vaccination, the fastest pace in the world.

RM7.85 billion — the size of big data analytics (BDA) market in Malaysia by 2025, according to Malaysia Digital Economy Corp’s (MDEC).

RM300 million eBelia programme will be opened for registration to two million eligible Malaysians aged 18 to 20 this year, starting June 1 2021.


3. COVID-19 SUMMARY

  • Malaysia recorded its highest number of Covid-19 fatality in one day since the pandemic began — 45 deaths.

  • 733,237 individuals have completed both Covid-19 vaccine doses as of May 16 2021.

  • Senior citizens aged 60 and above can apply for AstraZeneca from May 23 and 26 via https://www.vaksincovid.gov.my/

  • Only Pfizer-BioNTech vaccine is suitable for pregnant women who are in their 14th to 33rd week of pregnancy.


4. IN MALAYSIA 🇲🇾

  1. Prominent lawyer Tan Sri Muhammad Shafee Abdullah (pictured below) has been sued by Inland Revenue Board (IRB) for failing to pay RM9.41 million taxes (inclusive penalty) across five years between 2011 and 2016. If he looks familiar, it is because he is the main lawyer representing former PM Datuk Seri Najib Razak in the SRC International Sdn Bhd and 1Malaysia Development Berhad corruption trials.

  2. If you’re sick of toll hikes, Gamuda Bhd has something up its sleeves — a trust company. Gamuda has proposed to the government for the four highway concessions under its stable to be placed in a trust company, namely Amanah Lebuhraya Sdn Bhd and in return, there would not be any future toll hikes.

    The idea is Amanah Lebuhraya Sdn Bhd will raise money from bond investors and provide a return of about 5%. The four highways is estimated to be worth RM5.2 billion — they are Sprint Expressway, SMART Tunnel, LDP and KESAS.

  3. In early May, there were news of purported takeover the Sultan Abdul Aziz Shah Airport in Subang (SZB) by a private entity under tycoon Tan Sri Desmond Lim Siew Choon of WTC Holdings Bhd.

    The plan is being halted by an information memo that surfaced mentioning Malaysia Airports Holdings Bhd (MAHB) could potentially lose RM11.9 billion in future revenue should the SZB airport be re-concessioned.

  4. Local bubble tea franchise Tealive has opened its 600th store in Gelang Patah, Johor last week. The founder and CEO, Bryan Loo expects the franchise to reach its 1,000 stores within three years by opening 130 and 150 outlets a year, mainly in Johor, East Coast and East Malaysia (Sabah and Sarawak).

  5. Confusing SOP and unsympathetic officers almost gave a RM25k fine to local burger joint myBurgerLab and one of its employee. The said employee was dining-in before his shift but the officers spotted him and wanted to issue a fine. Subsequently, the fine was replaced with a warning after myBurgerLab showed a letter of employment and evidence of the staff’s dinner shift.

  6. It really saddens us to read news of Macau Scam because the money is very unlikely to be recovered. People’s hard earned life savings go missing in thin air just like that. Here’s what happened:

    • A senior citizen in PJ has lost more than RM1.3 million after she received a call on April 1 2021 from a ‘bank’ claiming that a credit card registered under her name has be used to buy bitcoin via social media — Impersonation and Intimidationl

    • The call was then transferred to a Bank Negara employee who offered to lodge a police report on her behalf — Spoofing

    • Subsequently, the victim was instructed to provide all her banking information to avoid abuse by others.

    • Lastly, the victim checked with Bank Negara on May 10 2021 and was informed that the calls were bogus.

You do not want the above happening to the ones you love. We’ve since updated our simple infographic on Macau Scam for you to share. Download the picture here!

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5. AROUND THE WORLD 🌎

  1. It’s official - Indonesia’s ride-hailing giant Gojek and e-commerce marketplace Tokopedia are merging to form GoTo group, the largest tech company in Indonesia. Kevin Aluwi will continue as CEO of Gojek and William Tanuwijaya will remain CEO of Tokopedia, with Gojek’s Andy Soelistyo to become the Group CEO of GoTo. The combined entity is preparing for a dual listing in New York and Jakarta later this year and has raised a combined amount of USD8.2 bil. The final valuation nor financial terms of the deal was disclosed.

    Some figures shared by GoTo:

    1. Total Group Gross Transaction Value (GTV): >USD22 bil in 2020

    2. >1.8 bil transactions in 2020

    3. Total registered driver fleet of >2 mil as of Dec 2020

    4. >11 mil merchant partners as of Dec 2020

    5. >100 mil Monthly Active Users (MAU)

    6. An ecosystem value of 2% of Indonesia’s GDP

  2. For decades, Bill Gates has cultivated an image of nerdy but noble and pleasant philanthropist. With the divorce with Melinda French Gates, more information is surfacing on Bill Gates’ past conduct. The Wall Street Journalrevealed that in 2019, the board members of Microsoft opened an investigation into Bill Gates after an employee said she had a sexual relationship with him that spanned years. An external law firm was hired by the board to conduct the investigation and at least ‘some’ board members concluded that Gates should step down from the board. When Gates stepped down in Mar 2020, his reason was to focus on philanthropic activities and happened before the investigation was completed. 

    Several employees have told The New York Times that he engaged in ‘clumsy’ and ‘questionable’ work behaviour. He was also ‘dismissive’ of his wife and overly ‘dominant’ in Gates Foundation meetings. How would this revelation affect Bill Gates relationship with Warren Buffett, with the latter having a pristine reputation thus far?

  3. Recruit, one of Japan’s biggest job recruitment site, is facing 2 competing bids from DCP Capital Partners and Ocean Link Partners to take Chinese job site, 51job, private and delist it from Nasdaq. The offer price from all parties are the same at USD4.39 bil. Recruit first invested in 51job in 2006 and holds a 34.8% stake in the company.

    Recruit is the 7th largest Japanese company by market cap of USD74 bil. It reported a revenue of USD21 bil and profit of USD1.2 bil in its latest fiscal year ending March.

News in Brief

  1. Axa, the French insurer, has become a target of cyberattack as its businesses in Asia were hit by ransomware attacks impacting IT operations in Thailand, Malaysia, Hong Kong and the Philppines. 

  2. Sanofi and GlaxoSmithKline’s 2-dose Covid-19 vaccine has triggered strong immune responses in all adult groups in its Phase 2 trial. The drugmakers are to initiate late-stage trials in the coming weeks and hope to obtain regulatory approval by the end of 2021.


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

  1. China has successfully landed its 1st Mars rover, Zhurong, on Saturday. Here’s the difference between Nasa’s Perseverance vs China’s Zhurong.

  2. ROI on Disney’s acquisition of Marvel