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Note from Publisher
According to a survey conducted by SeekingArrangement, the world’s largest sugar dating website, Malaysia is home to 42,500 sugar daddies, making it the third largest in Asia after India and Indonesia. Given that the founder of Sugarbook, the biggest “sugar daddy-sugar baby” dating service in Asia, is a Malaysian, perhaps such a finding does not come as a surprise. The flourishing of the “sugar” business in the country has revealed some disturbing undercurrents that have not received their due attention from society.

First of all, the widening income gap between the rich and poor has left many young women with little choice but to become sugar babies. The flood of unemployment from the Covid-19 pandemic has only worsened the situation. Sugarbook recently revealed that it had recorded a 40% increase in students registering to be “sugar babies” since Jan, with 12,705 of them hailing from 10 institutions of higher learning in the Klang Valley.

Secondly, the unrelenting consumer culture of late-stage capitalism has made one’s identity synonymous with what they purchase and possess. The effect of this phenomenon is especially severe on the young, who often succumb to peer pressure. There has been too much emphasis on the academic performance of young people vis-à-vis their mental health in the society.
Announcement
Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures prescribed by the relevant authorities during the Movement Control Order 2.0 period. We will continue to take precautionary measures to protect our employees, clients and other stakeholders. You may reach us at +603-2070 2104 or 2105 or 2106 or email us at cdsb@icapital.biz (investment advisory) or enquiries@cdam.biz (asset management) for any enquiries.
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