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☕️ Klang Valley rent could go up 10-20% this year
Aman Palestin duo in court: 161 criminal charges involving RM39.5 mil. Putin’s Art of War: Publicly endorses Biden > Trump for next US President. How Norway protects and grows the nation's wealth.
The Coffee Break
February 16, 2024
1. MARKET SUMMARY 📈
Information as of 0730 UTC+8 on Feb 16, 2024.
Crypto spring is here after a rough 2022 downturn. The market capitalisation of digital assets is now above USD2 tril. Bitcoin alone accounts for 50% of the total market capitalisation and is now back to becoming a USD1 tril asset class. On another note, this article, “Dear family, dear friends, a letter to all of you who still have no bitcoin” is one that we share with those who are new to the space and want to get a basic fundamental understanding of Bitcoin.
2. NUMBERS AT A GLANCE 🔢
1 (one, satu, yi, onru) - the number of cars Tesla sold in South Korea in January 2024, which was a single unit of Model Y SUV. The situation is not unique to Tesla as across all carmakers, the number of new EVs registered in South Korea fell by 80% in January from December due to a cocktail of headwinds, from safety concerns to price and lack of charging infrastructure. For some unknown reasons, although it’s better than nothing, selling just ONE car sounds a lot worse than selling none.
Myanmar has now become the world's leading opium producer, surpassing Afghanistan, according to a United Nations report. The production of opium in Myanmar, which has been plagued by a civil war, increased by 36% to 1,080 metric tons in 2023, marking the highest level since 2001. This surge comes after poppy cultivation declined between 2014 and 2020 but rose by 33% following the military coup in February 2021, which overthrew the democratically elected government.
According to analysts at LSEG, the value of global markets for carbon dioxide (CO2) permits traded in 2023 reached a new record of EUR881 bil (RM4.54 tril), marking a 2% increase from the previous year. This is due to many countries and regions launching emissions trading systems (ETS) to put a price on CO2 emissions, encouraging companies to invest in low-carbon technology and help meet climate targets. The EU’s ETS is the world's most valuable carbon market, worth around EUR770 bil last year, up 2% from the previous year and representing 87% of the global total.
Learn: What is carbon trading