CDC advisory group recommends Pfizer vaccine for use #SootinClaimon.Com

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CDC advisory group recommends Pfizer vaccine for use (nationthailand.com)

CDC advisory group recommends Pfizer vaccine for use

Health & BeautyDec 13. 2020

By The Washington Post · Lena H. Sun, Isaac Stanley-Becker · NATIONAL, WORLD, HEALTH, SCIENCE-ENVIRONMENT, HEALTH-NEWS 

WASHINGTON – A federal advisory panel voted overwhelmingly Saturday to recommend the nation’s first coronavirus vaccine for people 16 and older, paving the way for inoculations to begin as shipments of vaccine arrive at hospitals and state health departments Monday.

The advisory panel to the Centers for Disease Control and Prevention found the benefits of the vaccine from Pfizer and BioNTech, which has been shown to be 95% effective at preventing illness after two shots, far outweighed side effects, including sore arms, fatigue, headaches, muscle pain and chills that resolved within a few days. The action follows the Food and Drug Administration’s action late Friday authorizing the vaccine for emergency use for people 16 and older.

The vote was 11 in favor, with three members not voting because of conflicts of interest.

“I know we’re going to have very tough and sad times ahead because of the surge and a limited vaccine supply, but I am really hopeful that this is the beginning of the end of the coronavirus pandemic,” said Peter Szilagyi, a professor of pediatrics at the University of California at Los Angeles.

The panel’s recommendation is “a hugely important step,” said Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases.

Beth Bell, a global health expert at the University of Washington who chairs the panel’s coronavirus vaccine work group, referred to public concerns about the new vaccine and said she would get a shot when it is her turn and would recommend it for her family. Several members said they would do the same.

While Bell applauded the huge scientific achievement of developing a vaccine, she and others noted the stark imbalance between the $10 billion of taxpayer money used to fund vaccine development and the lack of funding – only “hundreds of millions” – for the enormously complicated and challenging distribution and vaccination effort rolling out across the country during the next year.

“The imbalance between that kind of money and funding provided for the vaccination program is really shocking and needs to be corrected,” Bell said. “We are not going to be able to protect Americans if we don’t have a way to deliver the vaccine to them.”

Jeffrey Duchin, a top health official for Seattle and King County, Wash., noted that the funding necessary for state and local health departments “has been put in the deep freeze with the vaccine,” referring to the vaccine’s ultracold storage and handling requirements.

Because the vaccine initially will be in extremely limited supply, the CDC recommended last week that about 21 million health-care workers and about 3 million residents of long-term care facilities be first to get the vaccine.

Health-care personnel are a priority because of their potential exposure to the virus and their critical role keeping the nation’s hospitals and clinics functioning. Residents and employees of long-term care facilities were prioritized because they account for nearly 40% of deaths from covid-19, the disease caused by the coronavirus.

The recommendations from the Advisory Committee on Immunization Practices were sent to CDC Director Robert Redfield, who is expected to approve them imminently. Once approved, they become the official CDC recommendation on immunization in the United States. Authorization from the FDA means the Pfizer vaccine is permitted to be administered, but an endorsement by the CDC immunization panel signals that the vaccine should be administered to the populations included in its guidance.

Recommendations from the group, an independent body of experts, have been the gold standard for evidence-based guidance on vaccine use in the United States for decades. Health-care providers rely on the group’s recommendations because of the committee’s reputation for rigor and attention to detail, said Jason L. Schwartz, a professor of health policy at the Yale School of Public Health. The committee has been planning for its recommendations for coronavirus vaccines since the spring.

The committee’s review of safety and efficacy data Friday and Saturday reached the same conclusions as the FDA and its advisory committee, including appropriateness of use in 16- and 17-year-olds. One member noted that teenagers can actively spread the virus to family members.

Committee members said pregnant women who are part of a group recommended to receive the shot may talk with their medical providers and choose to get vaccinated, even in the absence of data on the safety of coronavirus vaccines in pregnant women.

Many health-care personnel are women, and a significant percent are likely to become pregnant or to have recently had babies, noted physician Sandra Fryhofer, a liaison representative speaking on behalf of the American Medical Association.

Pregnant women have been excluded from coronavirus vaccine trials. A Pfizer official said Saturday the company plans to report to the FDA this month on a developmental and reproductive toxicity study in animals that could help elucidate any risks.

On Sunday, the CDC is expected to provide briefings for clinicians and provide additional detailed clinical considerations for health-care providers and patients on its website, including guidance on possible severe allergic reactions. Peter Marks, director of the FDA’s division that regulates vaccines, said Saturday that officials had looked carefully at such side effects and concluded that people should receive the vaccine unless they “have had a severe reaction to the vaccine or one of its components.”

Two health-care workers in Britain had severe anaphylactic reactions after getting the vaccine this week, according to authorities. Both had a history of serious allergic reactions and carry epinephrine auto-injectors, known as EpiPens, for such emergencies. A third health-care worker, with no history of allergies, developed a rapid heartbeat and skin reddening. The CDC is following up with British health officials on the cases and has convened experts in vaccine safety, immunology and allergy to investigate possible causes, officials said.

The weekend meeting was not devoted to deciding on allocation of finite vaccine supplies but whether to recommend its use.

But there was a preview of the jockeying certain to take place over who will gain preference following health-care workers and long-term care facility residents and staff, who constitute the first phase, known as phase 1a. Members of the advisory group heard from industry representatives and other advocates about why workers in certain sectors or particularly vulnerable people should have priority access.

John Allan III, vice president of regulatory affairs and international standards for the International Dairy Foods Association, warned that if food workers did not get immunized soon, “Our supply chains could eventually fall apart, creating widespread disruptions to our economy.”

Julie Russell, a representative of a school district in San Diego County, said teachers and other front-line education staff required attention because of “how many young lives each of them touch.”

And Charles Lee, president-elect of the American College of Correctional Physicians, said incarcerated people are of paramount concern because of the outbreaks that have torn through prisons.

There were also concerns about access in the first phase. A rural health advocate in Wisconsin said ultracold storage requirements and the batch size of the Pfizer vaccine, which is shipped in 975-dose allocations, threatens access beyond densely populated metropolitan areas.

Several members of the public warned about the pernicious effects of misinformation, asking the committee to develop a plan to combat false narratives about vaccination, particularly those targeting communities of color.

Fourth Round Suspended at U.S. Women’s Open; Play to Resume Monday #SootinClaimon.Com

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Fourth Round Suspended at U.S. Women’s Open; Play to Resume Monday (nationthailand.com)

Fourth Round Suspended at U.S. Women’s Open; Play to Resume Monday

Dec 14. 2020

 Fourth-round play at the U.S. Women’s Open has been suspended for the day due to course conditions and potential inclement weather later this afternoon.

Champions Golf Club has received .73 inches of rain in the past 24 hours.

“We want to ensure course conditions are worthy of crowning a major champion,” said John Bodenhamer, Senior Managing Director, Championships for the USGA.

Play will resume at 9 a.m. EST on Monday, Dec. 13. Eighteen players have yet to tee off in the championship’s final round. Golf Channel will air live coverage from 9 a.m. to 3 p.m. EST.

2019 AIG Women’s Open champion Hinako Shibuno sits atop the leaderboard at -4, with Amy Olson in second at -3. Moriya Jutanugarn and Ji Yeong Kim2 are tied for third at -1. 

Moriya trips a bit, but stays in contention at US Women’s Open #SootinClaimon.Com

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Moriya trips a bit, but stays in contention at US Women’s Open (nationthailand.com)

Moriya trips a bit, but stays in contention at US Women’s Open

Dec 13. 2020Moriya Jutanugarn (Photo credit to LPGA)Moriya Jutanugarn (Photo credit to LPGA) Despite stumbling to a third-round 72, Thai hope Moriya Jutanugarn is still in contention for her maiden Major crown.

Moriya fell three shots behind Japanese leader Hinako Shibuno after round three of the US Women’s Open on Saturday.

Moriya was -2 through 13 holes and within two strokes of Shibuno’s lead. She dropped a shot at the 14th and then landed a double bogey on the 17th hole to card a one-over 72. Sitting at one-under-par 212, she will round out Sunday’s final group with Shibuno and American Amy Olson.

The day also saw one of the most interesting outside-the-ropes moments of the week. Just a few minutes after signing her card for her second consecutive 72, which puts her -1 for the championship and tied for third going into the final round, Moriya stepped up to a USGA microphone and answered a few questions from journalists.

Then to her surprise, a reporter asked, to laughs from everyone around: “How far did your sister hit it past you?” Ariya Jutanugarn had played with Moriya on Saturday at Champions Golf Club. Ariya hit one-over-par 214 overall.

“Wow,” Moriya said, joining in the laughter. “I would say 30 to 40 yards today. But I definitely think I hit more greens and maybe made a few more putts.”

That small interaction offered a glimpse into the sibling love that those who follow the Jutanugarns see almost every week.

A victory in the tournament would make Moriya the second in the family after sister Ariya to win the US Women’s Open. They would be the third sisters to win USGA championships, joining Harriot (1906) and Margaret Curtis (1907, 1911, 1912) at the US Women’s Amateur; and Hollis Stacy (1969, 1970, 1971 US Girls’ Junior; 1977, 1978, 1984 US Women’s Open) and Martha Leach (2009 US Women’s Mid-Amateur).

After starting the day with a four-stroke lead, Japan’s Shibuno carded her first over-par round of the 2020 US Women’s Open on Saturday, shooting a three-over 74 at Champions Golf Club. The 2019 AIG Women’s Open champion holds a one-stroke advantage over American Olson, whose even-par 71 moved her into solo second going into Sunday’s final round.

Shibuno carded four bogeys to just one birdie at the wet Cypress Creek Course, opening with a bogey on No. 1 and stumbling to finish with bogeys on the 14th and 18th. She said the nerves of being in the final group played a factor in her struggles on Saturday, as well as the all-too-familiar 2020 feeling of not having fans outside the ropes.

“Last year when I won the major, there was a large number of people out in front of me and because of the audience, that gave me power and also it’s easy for me to get on a momentum as well,” said Shibuno. “However, now there’s no people, no audience and it’s very difficult for me to get momentum, because when I get a run of birdies, when I get the birdie, it’s silence.”

Olson, who held the 18-hole lead following a first-round 67, nearly holed out from the fairway with an 8-iron on No. 17, taking the short birdie to cap her round and move back into the final group.

“I’m really pleased with how I played today. It was such a grind,” said Olson, who played in the final group at the 2018 ANA Inspiration and 2018 Evian Championship but came up short.

“Pars were a great score on every single hole today. Fortunately, I made a couple of good birdies, especially the one on 17 coming in. Some really solid par putts and that’s really what it comes down to, making those putts whether they’re for birdie or par.”

The winner of the US Women’s Open will receive $1 million; the Mickey Wright Medal; custody of the Harton S. Semple Trophy for a year; and an exemption from qualifying for the next 10 US Women’s Open Championships.

Shibuno could join South Koreans Se Ri Pak and In Gee Chun as the only players in history to win majors as their first two LPGA Tour titles. Pak won her titles at the 1998 KPMG Women’s PGA Championship and the 1998 US Women’s Open, while Chun won the 2015 US Women’s Open and the 2016 Evian Championship.

Shibuno or Ji Yeong Kim would be eligible to accept immediate LPGA Tour membership.

Olson would become the season’s fourth Rolex First-Time Winner, joining Ally Ewing (LPGA Drive On Championship – Reynolds Lake Oconee), Mel Reid (ShopRite LPGA Classic) and Madelene Sagstrom (Gainbridge LPGA at Boca Rio). She would also become the second LPGA Tour winner from North Dakota, joining Beverly Hanson, whose 17 LPGA Tour victories included three major titles.

Loophole in FTAs allows more electric vehicles to be imported from next year #SootinClaimon.Com

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Loophole in FTAs allows more electric vehicles to be imported from next year (nationthailand.com)

Loophole in FTAs allows more electric vehicles to be imported from next year

Dec 14. 2020

By The Nation

Electric vehicles (EVs) from China are expected to start flowing into Thailand, while the Thai Auto Industry Association is calling on the government to further improve the existing free-trade agreements (FTAs) with China.

As per the China-Asean FTA, China can already send 100-per-cent electric vehicles to Thailand tariff free, which goes against the government’s policy of promoting the production of EVs locally in a bid to support the Thai automotive industry.

Automaker MG, a British brand with a Chinese owner, has taken advantage of this loophole to enter the Thai market with two EV models – the MG ZS EV SUV going for Bt1.19 million and the MG EP station wagon for Bt988,000.

The release of these vehicles adversely affects Japanese automakers, who are having to pay 20 per cent import duty under the Japan-Thai FTA.

For instance, Nissan Leaf which was initially launched at Bt1.99 million and recently reduced to 1.49 million, is still not moving. From June last year to December this year, barely 200 units of the car have been sold, though the Metropolitan Electricity Authority recently bought 24 Nissan Leaf units. Ramesh Narasimhan, president of Nissan Motor Thailand, admitted that the car was overpriced at Bt1.99 million.

Meanwhile, European carmakers have different policies when it comes to launching EVs in Thailand, and the Covid-19 outbreak is affecting their plans significantly. For instance, Mercedes-Benz has had to postpone plans to set up an assembly plant in Thonburi to the end of 2021, while Audi too has indefinitely put off its plan to set up a factory in Thailand.

Volvo, which imports the plug-in hybrid Recharge from Malaysia, will import its fully electric version from China in the second half of 2021.

BMW Thailand Group, which already assembles five plug-in hybrid models at its assembly plant in Rayong, will launch the fully electric BMW iX3 imported from China next year.

Apart from the import of many European brands from China, Chinese brands like the Great Wall Motor will also be entering the Thai market from 2021.

Ongarj Pongkijvorasin, chairman of the Federation of Thai Industries’ Automotive Industry Club, said recently that he has urged Prime Minister Prayut Chan-o-cha to consider bringing the tariff for EVs from China down to zero per cent as it will attract more foreign investment in the country.

“The government should have a clear policy on electric vehicles and all departments should coordinate and move in the same direction. More importantly, plans should be realistic and should take into consideration our potential, while preserving the original production base,” Ongari said.

New businesses mushroom in Malaysia despite Covid-19 pandemic gloom #SootinClaimon.Com

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New businesses mushroom in Malaysia despite Covid-19 pandemic gloom (nationthailand.com)

New businesses mushroom in Malaysia despite Covid-19 pandemic gloom

Dec 14. 2020Photo credit: https://www.greenpatch.academy/Photo credit: https://www.greenpatch.academy/ 

By Ram Anand
The Straits Times/ANN

KUALA LUMPUR – Educator Sujietra Jayaseelan was meant to set up a physical after-school coaching centre for children in Petaling Jaya, Selangor, but her plan was scuppered in March when Malaysia imposed a partial shutdown to curb the spread of the coronavirus.

After observing her own children study at home when schools were shut, she instead launched Green Patch Academy, an online centre offering academic and skills coaching for children.

“The online method had never crossed my mind before. I also offered a very low price bearing in mind the impact of the pandemic on people’s finances. It would have been so cheap if this was my initial idea,” she told The Straits Times.

Green Patch is just one of the nearly 280,000 new businesses registered in Malaysia between March and September, defying the pandemic gloom with fresh enterprises in sectors such as food and beverage, online retail and fitness.

This figure far outpaced the number of businesses that had shuttered since March – at 32,469, according to the Companies Commission – when the country introduced drastic movement curbs to contain the outbreak.

Entrepreneur Development and Cooperatives Minister Wan Junaidi Wan Jaafar described this development as a silver lining, saying local entrepreneurs were adapting their business models to be resilient during challenging times.

“I applaud this as such a move is vital for their business survival. An entrepreneur must be innovative, creative and dynamic to adjust and adapt to whatever situation they are in,” Datuk Seri Wan Junaidi told The Straits Times.

Malaysia’s economy has not been spared the fall-out from the coronavirus and is expected to contract by up to 4.5 per cent this year. Meanwhile the latest Business Confidence Index released by local ratings agency RAM on Dec 7 stood at 35.9 per cent, still substantially below the 50 percent threshold needed for it to be read as optimistic.

Nevertheless, some entrepreneurs are forging ahead.

A majority of these new businesses, Mr Wan Junaidi said, operated in the food and beverage sector, followed closely by online retail shopping businesses.

“Another interesting area is also the fitness industry. Because there are some people who are scared to go to gyms, there is an increasing demand for virtual fitness classes and personal training,” he said.

New entrepreneurs have pressed ahead with their business plans, all while pivoting on short notice when circumstances change.

Ms Dhashene Letchumanan, a former marketing executive, had been planning to sell her Skin Start beauty products at physical stores before the pandemic hit. By the time she launched her skincare line, movement controls were in place, forcing her to switch to online retail.

“I could have sold my products through retail stores, booths or kiosks if there was no pandemic. But now the best option is to just stay online and use dropshippers, which is a way to generate income for others who have lost their jobs,” Ms Dhashene told ST, referring to the practice of selling a product without holding stock, leaving orders to be fulfilled by the wholesaler or another retailer.

Meanwhile, other new businesses have been set up with the help of civil society organisations and social enterprises.

A group of construction workers who lost their jobs after Covid-19 clusters were discovered at their worksite now run The Nanas Lab, a business making pineapple jam.

“They have been growing pineapples to eat when their food supplies run out,” said Ms Raudhah Nazran, CEO of social enterprise Accelerate Global. “We saw that as a business opportunity and taught them how to monetise their farm.”

[South Korea] More than 2m facilities to face restrictions under Level 3 social distancing: ministry #SootinClaimon.Com

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[South Korea] More than 2m facilities to face restrictions under Level 3 social distancing: ministry (nationthailand.com)

[South Korea] More than 2m facilities to face restrictions under Level 3 social distancing: ministry

Dec 14. 2020Health Minister Park Neung-hoo. (Yonhap)Health Minister Park Neung-hoo. (Yonhap) 

By The Korea Herald/ANN

More than 2 million multiuse facilities and businesses will face restrictions if the government raises the social distancing scheme to Level 3, the health ministry said Sunday.

Son Young-rae, a ministry spokesman, told a regular press briefing that the highest level calls for a no-assembly order on around 450,000 facilities and restricted services at around 1.57 million others.

South Korea operates a five-tier social distancing scheme, with the greater Seoul area currently under the second-highest Level 2.5 and the rest of the country under Level 2.

Calls have grown for an elevation to Level 3 amid record-setting coronavirus case tallies this weekend. On Sunday, the country added a record 1,030 daily cases, a day after adding 950, the biggest number since the country reported its first COVID-19 case in January.

“When we decide to adopt Level 3, we will also review stronger antivirus measures that can be added to what is already in the manual,” Son said. “We would look at tougher measures for high-risk facilities in light of cluster infection trends and characteristics of the spread.”

Level 3 bans all gatherings of 10 or more people and requires all nonessential multiuse facilities to close.

Department stores and other large stores will be subject to a no-assembly order, while other shops may be required to close after 9 p.m., Son said.

“Level 3 is the final measure we can use to curb the spread of COVID-19,” he said. “There is no Level 3.5, 4 or 5.”

The spokesman added that without the voluntary participation of the public, even Level 3 may not produce the desired effect. (Yonhap)

Nepal reopens to tourists coming by air, land borders still closed #SootinClaimon.Com

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Nepal reopens to tourists coming by air, land borders still closed (nationthailand.com)

Nepal reopens to tourists coming by air, land borders still closed

Dec 14. 2020

By Sangam Prasain
The Kathmandu Post/ANN

Trekkers and mountaineers have been entering the country since October after the government allowed limited activities.

Nepal has thrown open the doors to foreign tourists after keeping them out for nine months as the country battled the Covid-19 pandemic.

All tourist visas have been restored, and foreign visitors are now free to fly into the country, the Department of Immigration said, but the land borders are still closed.

“Issuance of tourists entry visa from Nepali diplomatic missions abroad has resumed,” the Department of Immigration said. Only travellers with a pre-approval and recommendation of the government will be allowed entry overland, the department said.

On-arrival visas will be provided at Tribhuvan International Airport in Kathmandu only to representatives and families of diplomatic missions, United Nations agencies, international organisations and non-resident Nepalis without any pre-approval letters and recommendations, the department said.

“All foreigners should obtain a tourist visa from Nepali diplomatic missions abroad or they should have a pre-approval or recommendation letter from the concerned ministries for ensuring their ‘on-arrival’ visa at Kathmandu airport,” Ramesh Kumar KC, director general of the Department of Immigration, told the Post.

“A cabinet meeting held on December 3 decided to bring back tourists. This will help to increase arrivals to Nepal to some extent.”

On March 12, the government decided to suspend issuing on-arrival tourist visas to nationals of all countries besides cancelling spring mountaineering expeditions including Everest missions. The decision came a day after the World Health Organisation declared the Covid-19 outbreak a pandemic, and urged countries to take precautionary measures.

The government stopped international flights from March 20, and put the country under a lockdown from March 24. The stay-home order was lifted on July 21, with some restrictions still in place.

Charter and regular passenger flights resumed on September 1, but the government allowed only Nepalis and representatives of diplomatic missions, the UN and development partners to fly into Nepal.

Bowing to pressure to revive the country’s tourism industry hit hard by the Covid-19 pandemic, the government allowed foreigners to participate in trekking and mountaineering activities from October 17.

The year 2020 was supposed to be a significant year for Nepal’s tourism industry as it had major plans for its ‘Visit Nepal 2020’ campaign. Nepal was expecting some 2 million tourists this year and $2 billion in tourism-related revenue. Unfortunately, the coronavirus outbreak disrupted tourism plans.

According to the Immigration Department, all travellers must have a Covid-19 negative report (RT-PCR/gene Xpert/True NAAT or equivalent) obtained within 72 hours prior to their departure from the first port or the entry point to Nepal. Children below five years are exempt from this rule.

All foreigners are required to follow the health and security-related protocols of the government.

“There is a seven-day mandatory hotel quarantine for tourists coming to Nepal, and it is applicable to all, including Indian nationals who are coming to Nepal under the air bubble arrangement between Nepal and India,” said Kamal Prasad Bhattarai, spokesperson for the Tourism Ministry.

Tourists will also need to get tested for Covid-19 after five days of the isolation period before they are allowed to travel.

“The government requires all tourists to have $5,000 Covid insurance, and we are reviewing the provision based on suggestions from the private sector,” said Bhattarai.

Nepal and India have agreed to re-start flights under an air bubble arrangement with restrictions and regulations. Flights are expected to begin from December 17. The national flag carriers of both countries are scheduled to operate one daily flight each.

Nepalis travelling to India are required to undergo a two-week quarantine, and they must hold an RT-PCR (reverse transcription-polymerase chain reaction) test report completed less than 72 hours before departure.

The impact of Covid-19 has dealt a huge blow to Nepal’s tourism industry which generates Rs240.7 billion in revenue, and contributes almost 8 percent to the GDP, according to the annual World Travel and Tourism Council report. It supports, directly or indirectly, more than 1.05 million jobs.

Since the end of July, tourism entrepreneurs have turned to domestic visitors to stay afloat, reopening mountains and trekking trails, jungle safari and various landmarks to local travellers.

Hotels and restaurants have been struggling to survive with their guest rooms remaining empty for the last nine months. Covid-19 has thrown millions in the tourism and hospitality sectors out of a job and multiple hotels have shuttered.

Nepal’s economy is projected to grow by only 0.6 percent in 2021, inching up from an estimated 0.2 percent in 2020 as virus lockdowns disrupted economic activity, especially tourism, says the World Bank’s latest South Asia Economic Focus Beaten or Broken?

Japan to incorporate carbon neutrality goal into law #SootinClaimon.Com

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Japan to incorporate carbon neutrality goal into law (nationthailand.com)

Japan to incorporate carbon neutrality goal into law

Dec 14. 2020Prime Minister Yoshihide Suga, left, speaks at a Dec. 1 meeting of the government’s growth strategy council, where ways to realize net-zero emissions of greenhouse gases by 2050 were discussed. (Yomiuri Shimbun file photo)Prime Minister Yoshihide Suga, left, speaks at a Dec. 1 meeting of the government’s growth strategy council, where ways to realize net-zero emissions of greenhouse gases by 2050 were discussed. (Yomiuri Shimbun file photo) 

By The Japan News/ANN

The government has decided to stipulate in law its goal of achieving virtually zero greenhouse gas emissions by 2050, The Yomiuri Shimbun has learned.

Through the unusual move of incorporating a long-term goal into legislation, the government hopes to demonstrate, both inside and outside Japan, its determination to promote net-zero carbon emissions by 2050.

The Environment Ministry plans to include “zero emissions by 2050” in the law concerning the promotion of measures to fight global warming. The government’s policy will be discussed at an expert panel meeting scheduled to be held as early as Dec. 21.

A bill to revise the law is planned to be submitted to next year’s ordinary Diet session.

The government’s medium- and long-term targets for global warming have so far been included in implementation plans based on the law. The current plan compiled in 2016 stipulates that greenhouse gas emissions will be reduced by 26% by fiscal 2030 compared to fiscal 2013, and by 80% by fiscal 2050.

The latest move will make the goal of eliminating greenhouse gas emissions by 2050 more binding, as a Diet decision is required to revise a law, whereas implementation plans are finalized at cabinet meetings. Even when a change of administration takes place, the policy will likely remain due to the revision of the law, according to sources close to the matter.

The government hopes to convey to the international community that Japan is an environmentally advanced country at the 26th Conference of the Parties of the United Nations Framework Convention on Climate Change, to be held in Britain in November next year.

The revised law will clearly state the 2050 deadline and stipulate that a decarbonized society will be realized, referring to net-zero emissions in which the emission of greenhouse gases and the absorption of such gases through forests or other means are equalized.

The revision also will include goals of the Paris Agreement, an international treaty on climate change that aims to limit global warming to well below 2 C, preferably to 1.5 C, compared to pre-industrial levels.

[China] GDP growth expected to be 8.8% in 2021 #SootinClaimon.Com

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[China] GDP growth expected to be 8.8% in 2021 (nationthailand.com)

[China] GDP growth expected to be 8.8% in 2021

Dec 14. 2020A technician works on the production line of a car component manufacturer in Anshan, Liaoning province. [Photo/Xinhua]A technician works on the production line of a car component manufacturer in Anshan, Liaoning province. [Photo/Xinhua] 

By SHI JING
China Daily/ANN

Recovery momentum in major sectors drives expansion, says KPMG report

China’s GDP growth rate is expected to touch 8.8 percent in 2021, thanks to the robust recovery momentum seen in major economic sectors, global consultancy KPMG said in a report.

With per capita disposable income of Chinese people returning to the positive territory during the third quarter of the year, consumption has also been staging a rebound. Consumer optimism and the normalization of the COVID-19 epidemic control and prevention measures will further unlock the offline shopping potential in the subsequent months. The continued turnaround in consumption and service sectors will be the major economic driver next year, said Kang Yong, chief economist at KPMG China.

As outlined in the 14th Five-Year Plan (2021-25) proposals, manufacturing, especially the high-end manufacturing sector, will become a major driving force of China’s long-term economic growth. KPMG expects the development of high-tech manufacturing and industrial upgrades to stimulate investment over the next 12 months. As privately owned enterprises account for 90 percent of China’s manufacturing sector, stronger investment data on manufacturing will reflect the improvement of the private sector, said Kang.

Data from the General Administration of Customs showed that China’s export value increased by 2.4 percent on a yearly basis during the first 10 months of this year, exceeding market expectations. But the value of the global trade in goods contracted by 14 percent on a yearly basis during the first six months, according to World Trade Organization estimates.

Some of the global orders transferred to China this year, thanks to the country’s earlier recovery from the pandemic, have fueled the surge in exports, said Kang. Since the demand gap still exists in some overseas markets due to the pandemic, China’s export value will remain at a relatively high level next year, he said.

While concerns were being expressed on foreign investment as the pandemic spread globally at the beginning of the year, the value of actually utilized foreign capital grew by 6.4 percent on a yearly basis in China in the first 10 months. As estimated by the United Nations Conference on Trade and Development, global foreign capital investment will slump by up to 40 percent this year.

“China’s large and rapidly expanding market, combined with its complete industrial system, high-quality infrastructure and deepened opening-up policies, are all huge attractions for foreign capital. While many industrial chains were hit by the pandemic, the resilience of the supply chains will top the company’s global mapping agenda and prompt adjustments,” said Kang.

Meanwhile, KPMG also foresees continued financial opening-up in 2021, which will further facilitate overseas investment in renminbi-denominated financial assets. Therefore, the renminbi exchange rate will likely remain stable next year, promising some room for appreciation. But companies must also keep an eye on the changes in monetary and fiscal policies, KPMG said.

With the official signing of the Regional Comprehensive Economic Partnership agreement on Nov 15, economic cooperation in the Asia-Pacific region will be further strengthened next year, said Kang. The regulations regarding tariff, investment negative list and e-commerce specified in the RCEP agreement will further consolidate the economic and trade ties among member states, which are conducive to more flexible industrial mapping within the region, said Kang.

Nicholas Yeo, head of China equities at Aberdeen Standard Investments, also confirmed the positive outlook on the improved profitability of Chinese companies, thanks to the earlier recovery of the economy. Structural growth impetus from consumption, new technologies and green energy will further elevate the market performance, he said.

Given China’s steadily growing GDP, market giant BlackRock said in its 2021 investment report that China is a “distinct pole of global growth”, which is also “an investment destination separate from emerging markets”.

Tight valuation makes SET vulnerable to volatility #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Tight valuation makes SET vulnerable to volatility (nationthailand.com)

Tight valuation makes SET vulnerable to volatility

EconDec 14. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 6.77 points, or 0.46 per cent, to 1,489.44 in the morning session on Monday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,470 and 1,500 amid the influx of foreign funds in response to positive news of a Covid-19 vaccine.

“However, the SET would face volatility due to tight valuation at price to earnings of 29 times and the resistance line at 1,500 points,” he said.

He recommended that investors buy:

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

▪︎ MINT, CENTEL and AOT that benefit from positive news of a Covid-19 vaccine.

▪︎ Laggard shares in the SET 50 Index, such as EGCO, DTAC, KTB, TMB and SCB.

The SET Index closed at 1,482.67 on Wednesday, up 3.75 points or 0.25 per cent. Total transactions amounted to Bt123.39 billion with an index high of 1,503.89 and a low of 1,474.83.

The SET was closed on Thursday and Friday for Constitution Day.