☕️ His Majesty paid RM1.5 mil for "GOLD 1" car plate

1. MARKET SUMMARY 📈

2. NUMBERS AT A GLANCE 🔢

RM1.5 mil — the price paid by His Majesty Sultan Ibrahim, King of Malaysia, for the esteemed “GOLD 1” number plate. It is the highest amount of money ever paid for a number plate. The "GOLD" series number plates were released to commemorate the 50th anniversary of the Federal Territories. The money will be channelled to the Federal Government.

The police have opened 18 investigation papers related to cases of impersonation of National Scam Response Centre (NSRC) officers, which has resulted in losses totalling RM1.49 mil. Victims typically receive calls from individuals identifying themselves as NSRC officers — I’ve also experienced the same. In fact, I went on to validate some of my details, but when they wanted me to go to Ipoh to meet “the officer” in charge of my case and I told them I was in Ipoh, the scammer couldn’t follow up further. Please remember that NSRC is a call centre that only receives calls from the public. It is a one-way communication channel only. Be vigilant!

China’s Lunar New Year holiday, the world’s largest annual migration, witnessed a remarkable economic resurgence of the domestic travel and tourism industry in the country, surpassing the pre-pandemic levels seen in 2019, with a 34.3% increase in total domestic trips to 474 mil and a 47.3% growth in tourism receipts to RMB632.6 bil (RM421.6 bil), indicating a remarkable rebound in consumer confidence. Despite the decline in consumer prices by 0.8% in January, the current data brings some hope for Chinese policymakers looking to boost domestic demand. The positive outlook may help to offset the recent setback and contribute to further growth in the near future.