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30 Dec 21, 12 tweets, 4 min read
As we end the year, let's go through a quick recap of what transpired in 2021. The Top 10 "memorable" moments of 2021 (not in chronological order).

🧵👇
1. Datuk Seri Najib Razak was labelled a “national embarrassment” by the Court of Appeal for his conduct involving SRC International.
theedgemarkets.com/article/kwap-l…

2. Victory for youths in Malaysia as Undi18 came into effect on Dec 15, 2021.

freemalaysiatoday.com/category/natio…
3. Former PM Tan Sri Muhyiddin Yassin issued an official statement about his diarrhoea.

4. Malaysians backed each other up during the white flag campaign. #KitaJagaKita

straitstimes.com/asia/se-asia/m…
5. Malaysian politicians breaking SOP left, right, centre, up, down, back.

- Tan Sri Annuar Musa
- Datuk Seri Najib Razak
- Dewan Rakyat Deputy Speaker Datuk Mohd Rashid Hasnon
- PM's 100 day report card day organiser

thestar.com.my/news/nation/20…
6. Ministers’ foolish actions (or lack thereof) during the recent floods — one cleaning lizard droppings, another’s convoy blocking ambulance.

malaysiakini.com/news/604639
7. Overseas-born children of Malaysian mums can be Malaysians, in a landmark ruling.

malaysiakini.com/news/590599
8. The downfall of Serba Dinamik Holdings Bhd, from share trading suspension to executives being charged by the Securities Commission.

theedgemarkets.com/article/serba-…
9. Former Prasaran Chairman Datuk Seri Tajuddin Abdul Rahman’s LRT fiasco. “Jangan probok-probok!"

thestar.com.my/news/nation/20…

10. Water cuts becoming a norm in Klang Valley.

thestar.com.my/news/nation/20…
Thank you for being with us in 2021. What a puzzling year it has been.

Let us know if your memorable moments of 2021.

• • •

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More from @BreakMyCoffee

The Coffee Break Profile picture
29 Dec 21
An average person uses Google at least 3 times a day.

But most of them don't know how Google comes up with the results.

The magic of Google's search engine! 🧵 Image
1. To understand how it works, we need to understand the genesis of Google.

Google co-founders Larry Page and Sergey Brin didn't intend for Google to be a search engine.

Page thought the World Wide Web was messy and started an original research project, called BackRub in 1995.
2. Page created BackRub to index all the pages, he thought it would be very useful to know who was linking to whom.

Why? Academics build their papers on a carefully constructed foundation of citation. The entire Web was loosely based on the premise of citation.
Read 13 tweets
The Coffee Break Profile picture
8 Dec 21
Based on World Inequality Database, Malaysia's B50's wealth has remained stagnant over the decades.

Despite numerous policies by the Malaysian government over the past few decades to help the bottom income earners, the B50s are still getting a small slice of the pie.

WHY?
Because T10 earns almost 12x more than your B50 group. How can the B50 ever catch up? Their share of the pie has remained stagnant over the years.

Which begs the question - who actually benefits from all the policies of the past decades?
Look at the income disparity.

T10 takes home the bigger chunk of the pie - 40.3% vs B50's 17.3%!

Imagine a project worth RM100K. If you're in the B50, too bad you will only get RM17.3K but the upper echelons will get RM40.3K.

🤯
Read 6 tweets
The Coffee Break Profile picture
7 Dec 21
I purchased a service apartment last year to enjoy the Home Ownership Campaign (HOC). My first ever property.

Since the campaign will end on Dec 31, 2021, I thought it'd be good to share my thought process on acquiring my unit and the learnings I've had along the way. Image
1. What's HOC? It's a campaign by the government to encourage Malaysians to buy developer units (i.e. Help developers sell overhang units.)

What does it entail?
a. 10% discount
b. Stamp duty exemption on MoT & Loan Agreement*

*Got T&C on the amount
2. Why did I decide to buy a house?

a. Low-interest rate environment - OPR was at 1.75% p.a.

b. The HOC subsidies (approx RM20K for RM500k house).

c. Minimal upfront costs (usually 1% of down payment).

d. And it'd be nice to have a place. A rite of passage.
Read 16 tweets
The Coffee Break Profile picture
2 Dec 21
Munching its way from Batu Pahat to being taken over by Universal Robiana Corporation (URC) for a cool RM1.925 billion.

How did Munchy's grew from its humble beginning to a respected international player?

🧵 Image
1. Munchy's was started by two brothers SK Tan and LK Tan who wanted to step out of their father's shadows. Their late father was the founder of Hwa Tai.

Why the name Munchy? It was derived from mandarin term 'Mai Qi'. 'Mai' meant flour or wheat & 'Qi' refers to magical quality.
2. With an initial investment of RM80,000 (RM170k in today's terms!), they bought a second-hand wafer stick machine to produce wafers, wafer sticks and biscuits.

From an OEM biscuit manufacturer to a household name, the Munchy’s brand was born in 1993. Image
Read 17 tweets
The Coffee Break Profile picture
30 Nov 21
Will Senheng New Retail Bhd be able to replicate MR DIY's successful IPO?

The Securities Commission Malaysia has approved Senheng's IPO, which is likely to happen in January 2022.

Lessons from the electrical retailer's history 👇
1. Established back in 1989, Senheng has come a long way from its humble beginnings.

The first outlet in Pandan Jaya was a half shop lot set up, with less than RM30K worth of stocks.

Today, Senheng has 103 outlets across both W.M. and E.M.
2. The electrical giant is helmed by three brothers - namely Lim Kim Heng (KH), Kim Chieng (KC), & Kim Yew (KY).

Kim Heng seems to be the company's prime mover, having won several accolades such as EY Entrepreneur of the Year and Male Entrepreneur of the Year in 2020.
Read 16 tweets
The Coffee Break Profile picture
12 Oct 21
Farm Fresh is the No1. brand in the fresh milk category in Malaysia. Farm Fresh Bhd (formerly Holstein Milk Company Sdn Bhd) has filed to be listed on Bursa, with an expected value of RM2 billion.

From padang to Bursa, the story of the milkman & his cash cows.

THREAD 👇
1. Some may mistake Loi Tuan Ee for Malaysia's John Lennon with his dapper looks - those John Lennon glasses. He's good at serenading cows, not Yoko Ono.

Since his humble beginnings in Setiawan, Perak, Loi has always held a deep respect for agriculture and a love of nature.
2. Loi was a high-flying corporate guy for over 20 years but he felt he needed to do something close to his passion.

Loi noticed many Malaysian brands were selling products made from reconstituted or powdered milk.

To chase his dreams, he left his job & started a dairy farm.
Read 14 tweets

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