India pledges vaccine support to Bangladesh #SootinClaimon.Com

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India pledges vaccine support to Bangladesh (nationthailand.com)

India pledges vaccine support to Bangladesh

Dec 18. 2020

By Porimol Palma
The Daily Star/ANN

Timely, effective delivery when ready; connectivity, resolving water sharing, border killing discussed

India promised to promptly and effectively deliver to Bangladesh the Covid-19 vaccines it is producing as Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi held a virtual summit yesterday.

The two PMs also expressed their interest in expanding the already-strong bilateral and regional economic cooperation by improving connectivity while resolving existing issues, including water sharing and management and bringing down border killings to zero.

Stating that Bangladesh is a significant pillar of India’s “Neighbourhood First” policy, Modi said pharmaceutical companies on both sides have already arranged plans for supply of vaccines. The prospect of cooperation in production will also be explored, he added.

The Bangladesh government and a local pharmaceutical company have already signed an agreement with Serum Institute of India for Covid-19 vaccines.

“Whenever vaccine is produced, India will give us three crore vaccines,” said Foreign Minister AK Abdul Momen at a press conference at State Guesthouse Padma after the PM-level summit, which lasted for an hour and 15 minutes.

The vaccines will be purchased at a “friendship price”, he said.

In a separate press conference, Indian High Commissioner Vikram Doraiswami said India is working quietly and strategically on best practices, supply chain and management of the vaccine not only with Bangladesh, but also with Nepal, Bhutan, the Maldives and Mauritius.

“We will be very willing if the Bangladesh side wants us to help improve facilities and also facilitate co-production here,” he said.

The summit was held at a historical time as the countries are in their 50th year of diplomatic relationships. Bangladesh is also celebrating the birth centenary of Bangabandhu Sheikh Mujibur Rahman and preparing to celebrate its 50th independence anniversary next year.

Sheikh Hasina said India is a true friend of Bangladesh and expressed her gratitude to the country and the Indian Army for their support during the 1971 Liberation War.

The two premiers inaugurated a postal stamp of Bangabandhu and the Bangabandhu-Bapu digital exhibition. They also inaugurated the Holdibari-Chilahati rail link, which remained unused since the India-Pakistan war in 1965, and inaugurated two community development projects.

They also signed seven MoUs and adapted a 39-point joint statement following the meeting.

Both countries will also organise commemorative activities next year, including a biographical film on Bangabandhu by acclaimed director Shyam Benegal, to be shot in Bangladesh and India early next year.

TEESTA AND OTHER RIVERS

According to the joint statement, Hasina sought early signing of the interim agreement for sharing of the Teesta waters, as agreed upon by both governments in 2011.

In response, Modi reiterated India’s sincere commitment and continued efforts in that regard.

Indian High Commissioner Doraiswami said he could not give any specific timeframe for signing of the deal, but was working on it.

However, he said that a joint technical committee is working on water sharing of six other rivers — Manu, Muhuri, Khowai, Gumti, Dharla and Dudhkumar. The committee would meet before the Joint Rivers Commission at the soonest possible time.

Dhaka requested Delhi to allow excavation work on the remaining portion of the Rahimpur Khal for utilisation of the water of Kushiyara river for irrigation.

Both countries agreed to carry out necessary work to convert the international boundary along the Kuhsiyara river into a fixed boundary.

Bangladesh reiterated its request for 1.3km of “Innocent Passage” along the Padma river near Rajshahi. The Indian side assured that they would consider the request.

Momen said Bangladesh also requested the early demarcation of Muhuri, Ichhamoti, Kalindi, Raimangal and Hariabhanga rivers.

He said both sides agreed to hold an early meeting of the Joint Boundary Conference to prepare a new set of strip maps along the stretch of the rivers. The joint statement, however, omitted the river Muhuri.

BORDER KILLINGS

Bangladesh expressed concern over the loss of civilian lives at the India-Bangladesh border. India shared the concern and directed border forces concerned to enhance coordination measures to work towards bringing such border incidents to zero.

Doraiswami said Modi gave clear instructions to the Border Security Force (BSF) that lethal force is to be used only as the last resort. PM Hasina also acknowledged that Indians are also killed and injured in such incidents.

“We don’t want any black spots in our relationship,” Foreign Minister Momen said, adding that some criminal activities also take place at the borders where some illegal traders from Bangladesh are also to blame.

Both sides agreed to facilitate the completion of border fencing at all pending sectors as soon as possible, beginning with the Tripura-Bangladesh sector.

TRADE, ECONOMY, CONNECTIVITY

Both countries expressed their commitment to strengthening bilateral and regional cooperation on trade and connectivity, emphasising on removing non-tariff barriers so that both countries can take full advantage of the South Asian Free Trade Area (SAFTA) flexibility.

Momen said Dhaka requested Delhi to remove anti-dumping/anti-circumvention duties on export of jute products from Bangladesh. Delhi expected a quick resolution.

Bangladesh requested India to convey in advance any amendments to India’s export policy of essential commodities to Bangladesh. The Indian side took note of this request.

Momen said the issue was significant as Bangladesh had to face trouble after India this year restricted onion exports without prior information.

Both prime ministers directed officials to expeditiously conclude the ongoing joint study on the prospects of entering into a bilateral Comprehensive Economic Partnership Agreement as Bangladesh graduates from the LDC list in four years.

The two leaders welcomed the signing of the second addendum to the Protocol on Inland Water Transit and Trade (PIWTT), trial run of trans-shipment of Indian goods from Kolkata to Agartala via Chattogram and the operationalisation of the Sonamura-Daudkandi Protocol route, and sought speedy operationalisation of trans-shipment of Indian goods through Chattogram and Mongla Ports.

Doraiswami said Bangladesh can also use the Indian ports for third-country export.

Bangladesh sought quick operationalisation of BBIN (Bangladesh, Bhutan, India, Nepal) Motor Vehicle Agreement through signing of protocols among India, Bangladesh and Nepal to commence movement of goods and passengers, with provisions for Bhutan to join at a later date.

Hasina sought to join the ongoing India Myanmar Thailand trilateral highway project to enhance connectivity between the regions of south and south-east Asia.

The Indian side requested Bangladesh to allow connectivity from West Bengal (Hilli) to Meghalaya (Mahendraganj) via Bangladesh.

Hasina proposed that Bangladeshi trucks avail the Feni Bridge, once completed, for transportation of goods from Chattogram port to north-eastern India.

Modi invited Bangladesh to join the New Development Bank of the BRICS (Brazil, Russia, India, China and South Africa). Hasina expressed willingness to join it considering concessionary loans for infrastructure projects.

In response to Bangladesh’s request for India’s assistance in quick Rohingya repatriation, India said they agree that the solution to the crisis lies in sustainable repatriation.

Indian High Commissioner Dowaiswami said India, alongside Japan, is investing for development in Rakhine for creating a conducive environment for repatriation.

More Singapore workers to be recruited for solar industry #SootinClaimon.Com

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More Singapore workers to be recruited for solar industry (nationthailand.com)

More Singapore workers to be recruited for solar industry

Dec 18. 2020NTUC's Secretary-General Ng Chee Meng (centre) observes workers as they install a solar panel during the Career Development Plan for the Solar Industry event on Dec 17, 2020. ST PHOTO: CHONG JUN LIANGNTUC’s Secretary-General Ng Chee Meng (centre) observes workers as they install a solar panel during the Career Development Plan for the Solar Industry event on Dec 17, 2020. ST PHOTO: CHONG JUN LIANG 

By Liew Ai Xin
The Straits Times/ANN

SINGAPORE – A solar industry recruitment drive on Thursday (Dec 17) saw more than 200 residents sign up for jobs, with agencies here announcing plans to build skills and experience for Singaporeans to manage solar projects in its entire cycle, from installation to maintenance.

This is to meet the Republic’s growing renewable energy needs as it strives to achieve 2 gigawatt-peak (GWP) by 2030, almost five times the current solar usage.

Between 3,000 and 4,000 jobs will be created in the solar industry in the next two to three years, said Mr Gilbert Tan, chief executive of the labour movement’s Employment and Employability Institute (e2i) and assistant director-general of the National Trades Union Congress.

To build up the skilled workforce for the industry, e2i and the Sustainable Energy Association of Singapore (SEAS) signed two memoranda of understanding (MOU) with nine solar companies and two training providers.

NTUC secretary-general Ng Chee Meng witnessed the signing.

The agreements are aimed at tackling manpower challenges and to build up the skills, training and job prospects for the solar industry.

The MOUs also see a career plan developed for solar technologists, to ensure well-defined progression in skills, job role, wages and productivity for the industry.

Of 430 available jobs at the recruitment drive held at the Singapore Sustainability Academy in City Square Mall, 405 vacancies were for solar technologists.

A solar technologist, who would have a diploma, Nitec or Higher Nitec qualification, will be involved in installing and maintaining solar photo-voltaic (PV) systems.

With a diploma or a degree with relevant experience, a senior solar technologist will progress to designing PV systems and performing data analysis.

A principal solar technologist will have the responsibility of assessing the feasibility of PV installations, as well as plan, execute and manage projects.

They would have at least eight years of relevant experience, regardless of whether they have a diploma, degree or higher Nitec qualifications.

Mr Frank Phuan, CEO and co-founder of local solar energy firm Sunseap Group, a signatory of the MOU, said the solar industry has been heavily reliant on foreign workers under the construction sector to install solar panels.

However, that means that their job is transient in nature, added Mr Phuan, who is also vice chairman of SEAS.

“They (the workers) will leave somehow, someday. So there’s hardly any career development we can talk about,” he added.

Mr Steven Lau was among those who signed up for a job at the recruitment drive.

The 33-year old, who currently works part-time in a logistics company, has a degree in electrical and electronics engineering from Nanyang Technological University (NTU).

He said the solar industry was what he pictured himself being involved in when he graduated four years ago.

“I hope to secure a role (as a solar technologist) by the end of the year, although time is tight.”

Tokyo raises alert for medical system to highest level #SootinClaimon.Com

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Tokyo raises alert for medical system to highest level (nationthailand.com)

Tokyo raises alert for medical system to highest level

Dec 18. 2020

By The Japan News/ANN

The Tokyo metropolitan government raised the alert for the city’s medical system to the highest of four possible levels on Thursday due to the spread of the novel coronavirus, marking the first time it has done so since the current evaluation system was introduced in July.

The decision was made at a monitoring meeting with experts held on Thursday afternoon. It came as the city set a new daily record for newly confirmed cases, with Tokyo logging 822 cases Thursday, a significant increase over the previous record of 678 set the day before.

In keeping with the higher alert level, the metropolitan government will increase the number of hospital beds reserved for coronavirus patients to 4,000 from the current 3,000, including an increase of 50 beds for severely ill patients.

The number of hospitalized patients exceeded 2,000 for the first time on Monday. On Tuesday, the number of seriously ill people jumped to 78, the highest level since the state of emergency was lifted in May.

By Dec. 10, the metropolitan government had asked medical institutions to set up more beds. As a result, the number of beds for the severely ill has increased from 150 to 200 and the figure for the mildly and moderately ill has jumped from 2,640 to 3,000.

The number of infected has remained high since then, and the government decided that it was necessary to further strengthen the medical system. The government therefore asked medical institutions in Tokyo to further increase the number of beds, including those for the severely ill.

The alert level regarding the status of infections in Tokyo has remained at the highest level on a four-rank scale since Nov. 19.

S. Korea, France vow to support multilateralism to overcome pandemic fallout #SootinClaimon.Com

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S. Korea, France vow to support multilateralism to overcome pandemic fallout (nationthailand.com)

S. Korea, France vow to support multilateralism to overcome pandemic fallout

Dec 18. 2020South Korea's exports (Yonhap)South Korea’s exports (Yonhap) 

By The Korea Herald/ANN

South Korea and France on Friday agreed to continue to support multilateralism over protectionism to overcome the economic fallout from the virus pandemic, and to expand cooperation in various areas from vaccines to green cars.

“This year, the two countries have worked deeply together in multilateral frameworks, such as the Group of 20 and the OECD, to promote the travel of products, services and workforces despite the COVID-19 pandemic,” Trade Minister Yoo Myung-hee said during her meeting with her French counterpart, Franck Riester, in Seoul.

The two trade chiefs acknowledged that the COVID-19 pandemic has sparked protectionism in global trade, with the escalating tension between the United States and China still being a threat.

“We also hope that the on-going joint project in developing COVID-19 treatments makes progress soon,” Yoo added, expressing hope that the two countries can join hands in supplying vaccines as well.

South Korean and Senegalese branches of the Institut Pasteur have been working together since March to develop cures for COVID-19, under cooperation with France.

The two countries discussed ways to revitalize virus-hit economies through digital and green industries as well.

South Korea also requested that France expand its support on building infrastructure for eco-friendly automobiles, such as charging stations, pointing out the industry has been growing at a fast pace. (Yonhap)

HK$6.4b in fresh aid for HK businesses hit hard by virus curbs #SootinClaimon.Com

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HK$6.4b in fresh aid for HK businesses hit hard by virus curbs (nationthailand.com)

HK$6.4b in fresh aid for HK businesses hit hard by virus curbs

Dec 18. 2020Acting Chief Executive Matthew Cheung Kin-chung meets the press ahead of the weekly Executive Council meeting at the Central Government Offices, Hong Kong, Nov 10, 2020. (PARKER ZHENG/CHINA DAILY)Acting Chief Executive Matthew Cheung Kin-chung meets the press ahead of the weekly Executive Council meeting at the Central Government Offices, Hong Kong, Nov 10, 2020. (PARKER ZHENG/CHINA DAILY) 

By ​Wang Zhan
China Daily/ANN

HONG KONG – The Hong Kong government will roll out a fresh tranche of financial aid worth HK$6.4 billion (US$826 million) for businesses heavily impacted by the government’s COVID-19 curbs.  

The government’s proposal will be deliberated during a special meeting of the Legislative Council’s Finance Committee next Monday, Chief Secretary Matthew Cheung Kin-chung said at a press conference on Thursday evening.

HK$5.5 billion will go toward implementing 19 measures to bail out affected sectors, particularly leisure venues forced to close because of the government’s precautionary measures as well as similarly affected restaurants that have been prohibited from providing dine-in service after 6 pm. The rest of HK$900 million will be set aside for emergency use.

Cheung said the latest round of aid is about double that of the previous round, and emphasized a balance should be struck between helping affected industries and maintaining a prudent spending policy.

“We are facing a very difficult, tough fiscal position that we’ve got to be prudent but at the same time we’ve got to be compassionate, responsive and strike the right balance. I think we’ve got the right balance struck here by this package,” Cheung said.

Previously, three rounds of anti-pandemic subsidies totaling more than HK$300 billion had been disbursed by the HK government. The government had earlier cited a deficit pressure on the treasury as a reason to not adopt new relief measures but eventually changed its stance as the pain of the ongoing fourth wave deepened.

Prima Marine expands its fleet of ships to prepare for growth #SootinClaimon.Com

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Prima Marine expands its fleet of ships to prepare for growth (nationthailand.com)

Prima Marine expands its fleet of ships to prepare for growth

CorporateDec 18. 2020Chief financial officer Viritphol ChuraisinChief financial officer Viritphol Churaisin 

By The Nation

Prima Marine will add two large and three small vessels into its fleet of 40 vessels next year, chief financial officer Viritphol Churaisin said.

The company has set its growth target for 2021 at between 10 and 15 per cent. It expects its revenue for 2020 to stand at between 12 and 15 per cent.

Prima Marine posted a net profit of Bt456.3 million in the third quarter, up by 58.1 per cent year on year. Its net profit in the first nine months of the year was Bt1.24 billion, up by 49.2 per cent year on year.

PTT pledges job creation in 2021 to revive Thai economy #SootinClaimon.Com

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PTT pledges job creation in 2021 to revive Thai economy (nationthailand.com)

PTT pledges job creation in 2021 to revive Thai economy

CorporateDec 18. 2020

By THE NATION

PTT will continue its efforts to provide jobs to new graduates and to those who have become unemployed due to the Covid-19 situation, said Auttapol Rerkpiboon, president and chief executive officer of PTT Plc.

Speaking during the event “Dinner Talk: Restart Thailand 2021” held by Thansettakij and Krungthep Turakij newspapers on Thursday evening, he said, “Last year PTT donated Bt851 million to those who have been impacted by the virus outbreak, while next year we estimate that the ‘Restart Thailand’ campaign will create over 25,000 jobs for the unemployed, about 2,600 of which will be jobs for new graduates.

“PTT believes that the government’s Bt400-billion budget earmarked for economic stimulus campaigns should be directed to creating jobs as top priority, which will be truly beneficial to the country’s economy.

“Besides creating jobs, PTT has also provided up to Bt5,000 in handouts to its employees for domestic travel, which will help restart the tourism industry that has been down for almost a year due to the outbreak,” he added.

“Next year, PTT will invest Bt244 billion in several projects to strengthen the country’s energy stability, such as the clean fuel project, the construction of the 7th gas separation plant, the LNG receiving terminal project, and the third phase of the Map Ta Phut project,” he said.

“This will be a start of our five-year investment plan [2021-25] that involves a total investment budget of Bt815 billion.”

Auttpol added that PTT also would look into investing in other new S Curve industries such as pharmaceutical, logistics, electric vehicles and drones.

SET rises on positive sentiment but tight valuation raises volatility risk #SootinClaimon.Com

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SET rises on positive sentiment but tight valuation raises volatility risk (nationthailand.com)

SET rises on positive sentiment but tight valuation raises volatility risk

EconDec 18. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 3.40 points, or 0.23 per cent, to 1,487.29 in the morning session on Friday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,475 and 1,495 points amid hopes from the US$900 billion economic stimulus package and foreign funds inflows in line with the baht’s appreciation.

“However, investors should beware of volatility due to the FTSE rebalance and the SET’s tight valuation,” he said.

He recommended that investors buy:

▪︎ PTTEP, PTTGC, TOP, IVL and SPRC that benefit from rising oil price.

▪︎ BH, SAWAD and TU, whose investment weight on the FTSE will increase today.

▪︎ BAM, DELTA and COM7, which will be listed on the SET50 Index.

▪︎ JMART and MBK, which will be listed on the SET100 Index.

The SET Index closed at 1,483.89 on Thursday, up 1.80 points or 0.12 per cent. The volume of total transactions was Bt112.75 billion with an index high of 1,495.37 and a low of 1,483.32.

Gold sees modest gains as Fed maintains bond purchases and dollar weakens #SootinClaimon.Com

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Gold sees modest gains as Fed maintains bond purchases and dollar weakens (nationthailand.com)

Gold sees modest gains as Fed maintains bond purchases and dollar weakens

EconDec 18. 2020

By The Nation

The price of gold rose by Bt50 per baht weight in morning trade on Friday after rising by Bt50 per baht weight at close on Thursday, the Gold Traders Association reported.

At 9.24am, the buying price of a gold bar was Bt26,450 per baht weight and selling price Bt26,550, while gold ornaments were priced at Bt25,969.08 and Bt27,050, respectively.

At close on Thursday, the buying price of a gold bar was Bt26,400 per baht weight and selling price Bt26,500, while gold ornaments were Bt25,923.60 and Bt27,000, respectively.

Spot gold price moved to US$1,880 (Bt56,097) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year surged by $31.3 to $1,890.4 per ounce on Thursday, due to the US Federal Reserve’s move to maintain bond purchases, the progress of the US economic stimulus package and the weakening dollar.

U.S. stocks rise to records #SootinClaimon.Com

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U.S. stocks rise to records (nationthailand.com)

U.S. stocks rise to records

EconDec 18. 2020

By Syndication Washington Post, Bloomberg · Claire Ballentine, Vildana Hajric

U.S. stocks notched a solid gain to close at all-time highs, even as lawmakers continue to wrangle over a federal-spending deal.

The S&P 500 climbed for a third day, even with Republicans and Democrats still unable to reach an agreement that would assist millions of Americans who face losing virus-era assistance later this month. Investors earlier took an unexpectedly large rise in jobless claims as a sign the two sides would be prodded toward a deal. The dollar slumped, Treasury yields rose and oil advanced. Bitcoin breached $23,000 for the first time.

With the clock ticking to renew pandemic aid, leaders in Washington are under pressure to resolve their differences after months of deadlock amid signs of a faltering economic recovery. The country continues to set records for virus infections and deaths, with more jurisdictions tightening lockdowns in a renewed therat to the economy.

In Europe, lawmakers cleared the bloc’s 1.8 trillion-euro ($2.2 trillion) stimulus package on Wednesday. Cyclical shares such as miners and retailers rose on news that the rollout of a Covid vaccine would begin this month. The pound climbed and the euro rose to the highest since April 2018 as officials cautiously predicted a Brexit deal within days. Both held their gains after European Commission President Ursula von der Leyen said “big differences” remain.

“Investors know that the environment for businesses and for earnings is going to be good in the medium and long-term,” said Chris Gaffney, president of world markets at TIAA Bank. “The global economy and the U.S. in particular is going to go through a tough patch here in the next few months. However, the central banks and the future looks good.”

Emmanuel Macron’s office said he’d tested positive for the coronavirus. The French president, 42, will self-isolate during seven days, while continuing to work, his office said. The number of virus deaths reached another daily record in the U.S., while the first known allergic reaction to the Pfizer vaccine was reported in Alaska as some snarls began to emerge in the effort to send the shots across the country.

Elsewhere, oil held gains in the wake of a surprise decline in U.S. crude inventories. Stocks across Asia saw modest advances.

Policy decisions from central banks in Japan and Russia are due Friday.

– – –

These are some of the main moves in markets:

Stocks

– The S&P 500 Index advanced 0.6% as of 4 p.m. New York time, the highest on record.

– The Dow Jones Industrial Average gained 0.5%.

– The Nasdaq Composite Index climbed 0.8%.

Currencies

– The Bloomberg Dollar Spot Index fell 0.4% to the lowest in almost three years.

– The euro gained 0.6% to $1.2267, the strongest in almost three years.

– The Japanese yen appreciated 0.3%, to 103.11 per dollar, the strongest in more than nine months.

Bonds

– The yield on 10-year Treasuries rose one basis point, to 0.93%.

– Germany’s 10-year yield declined two basis points, to -0.57%.

– Britain’s 10-year yield rose one two basis points to 0.29%.

Commodities

– West Texas Intermediate crude gained 1.1%, to $48.36 a barrel, the highest in almost 10 months.

– Gold futures strengthened 1.6%, to $1,889 an ounce, the highest in almost six weeks.