Myanmar to get Covid vaccine only for 20% of population in 2021 under COVAX plan #SootinClaimon.Com

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Myanmar to get Covid vaccine only for 20% of population in 2021 under COVAX plan (nationthailand.com)

Myanmar to get Covid vaccine only for 20% of population in 2021 under COVAX plan

Dec 08. 2020

By Eleven Media

Myanmar is due to get a Covid-19 vaccine only for 20 percent of its population in 2021 under the COVAX programme and all doses will not come at a one time, said the Union Minister for Health and Sports during the meeting (2/2020) of the COVAX National Coordinating Committee – CNCC on December 5.

The minister discussed matters related to stages of immunization from the second quarter of 2021 to the second quarter of 2021 to be reported to Gavi, the Vaccine Alliance, on December 7 under the COVAX plan, immunization of prioritized groups, cost sharing between Gavi and Myanmar, type of vaccine Myanmar is willing to have and logistics, and immunization plans.

He said it was a final and detailed discussion by CNCC and National Immunization Technical Advisory Group-NITAG. He also stressed the need to consider infrastructure and human resource situations of Myanmar in its immunization plan.

He expressed his belief that Myanmar would be successful in its Covid-19 vaccination programmes as it has had long-term experiences in vaccinating the citizens against 13 diseases. But he stressed the need to be cautious about cold storage system. The minister said preparations were also being made for that. 

The minister also said the maximum amount of the Covid vaccine Myanmar will get in 2020 is just 20 percent of its population. And the amount will not come either in full swing, he added. 

However, Myanmar ambassadors are having contacts with the United States, the United Kingdom, China and India to purchase an additional amount of vaccine as required by the nation, the union minister promised.

The National Committee for Covid-19 Prevention, Control and Treatment has also given the instruction to buy the required amount of vaccine with the State fund and World Bank loans, the minister said.

Pakistan Govt in talks with China, Russia to get vaccines, says Dr Faisal Sultan #SootinClaimon.Com

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Pakistan Govt in talks with China, Russia to get vaccines, says Dr Faisal Sultan (nationthailand.com)

Pakistan Govt in talks with China, Russia to get vaccines, says Dr Faisal Sultan

Dec 08. 2020

By Dawn

National Health authorities are negotiating with China and Russia, among others, to procure coronavirus vaccines, prime minister’s aide Dr Faisal Sultan said on Monday.

“We are in talks with China, Russia and some other countries for procurement of the [Covid-19] vaccine after narrowing down our priority list,” Dr Sultan, the special assistant to the prime minister on health (SAPM), told Anadolu Agency.

The vaccine, he said, would be available in Pakistan sometime between January and March next year, and administered to health workers and senior citizens in the first phase.

“There is nothing final yet; however, I can tell you that we have to rely on more than one source,” the SAPM said. “We will procure the vaccine only after its efficacy and safety is proven.”

While Russia has started the distribution of its Sputnik V Covid-19 shot nationwide, China is testing its vaccines in many countries, and supply deals are being signed.

Other vaccines seeking emergency use authorisation are produced by Pfizer-BioNTech, Moderna and Oxford-AstraZeneca.

Islamabad has already earmarked an initial sum of $150 million to purchases the doses. In a press conference earlier this month, Dr Sultan had said that the authorities will request the government to approve more funds if required.

Last week, Nausheen Hamid, the parliamentary secretary for health, said all citizens would be administered Covid-19 vaccines free of charge, and the drive will begin in the second quarter of 2021.

According to Dr Sultan, the vaccine will be administered to citizens in stages: frontline healthcare workers will be the first priority; in the second stage, the elderly and at risk-population, in addition to other healthcare workers, will get the vaccine; and the common public will receive the vaccine in the third stage.

Pakistan has witnessed a spike in Covid-19 cases and deaths in recent weeks. The country recorded 3,795 new infections today, the highest single-day tally since July 3.

The total caseload in the country of 220 million people has reached 420,294, including 8,398 related deaths. Pakistan has tested about 5.8 million people for the virus to date.

South Korea faces ‘biggest crisis’ in fight against COVID-19 #SootinClaimon.Com

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South Korea faces ‘biggest crisis’ in fight against COVID-19 (nationthailand.com)

South Korea faces ‘biggest crisis’ in fight against COVID-19

Dec 08. 2020Citizens line up to undergo COVID-19 tests on Monday. (Yonhap)Citizens line up to undergo COVID-19 tests on Monday. (Yonhap) 

By Ock Hyun-ju
Korea Herald

President Moon Jae-in ordered the government Monday to step up its contact-tracing and testing capacities in the Seoul metropolitan area as the country battles “the biggest crisis” since the beginning of the coronavirus outbreak.

Despite a fall in the number of coronavirus tests carried out over the weekend, South Korea added 615 coronavirus cases — 580 locally transmitted and 35 imported from overseas — in the 24 hours ending Sunday at midnight, according to the Korea Disease Control and Prevention Agency.

Moon called for mobilizing “all available resources,” including civil servants, military personnel and police officers, to assist health authorities’ epidemiological work in the Seoul metropolitan area starting this week, according to senior presidential secretary for public communication Chung Man-ho.

His instructions come at a time when stricter social distancing measures have done little to contain the spread of the coronavirus, and the surge in infections puts an increasing strain on the country’s health system.

With a third wave of coronavirus infections in full swing across the country, health officials said the Seoul metropolitan area, home to half of the country’s population, is already in a “quasi-war” state and that coronavirus cases could top 750 this week and 900 next week.

“We are facing the biggest crisis since the onset of the coronavirus in Korea, and the current wave is neither temporary nor regional, but steady and nationwide,” Na Seong-woong, a senior official from the KDCA, said at a briefing Monday.

To improve contact-tracing capacity and alleviate the heavy workloads faced by epidemiological officials, the government is drawing up a detailed plan to mobilize military and police personnel, he said.

To expand COVID-19 testing, the government will introduce a saliva test and adopt antigen tests, which are cheaper and faster than RT-PCR tests in diagnosing the coronavirus. Given that antigen tests are not as sensitive as RT-PCR tests, they will be used in circumstances requiring urgent and extensive testing, as well as on populations that are at higher risk, he added.

The country’s daily case count surpassed 600 for the second consecutive day on Monday after 631 cases were announced Sunday, 583 cases on Saturday and 629 on Friday. The seven-day average number of coronavirus cases from Nov. 29-Dec. 5 was 487.9, up 87.8 from the previous week.

As of Monday, the transmission routes were unknown for 17.8 percent of the cases reported for the past two weeks.

The R number — the average number of secondary infections produced by a single infected person — was estimated at about 1.23 last week. The virus curve starts to flatten out when the R number falls below 1.

Hospital beds and other resources are quickly running out. Currently, only 45 beds out of 550 that can immediately accommodate critically ill patients, or 8.2 percent, are available nationwide. In Greater Seoul, only 13 beds are left for patients in serious condition. If the country continues to see daily increases in infections in numbers over 600, hospital beds will run out in a week or two, officials said.

The average number of patients in serious or critical condition was 101 for the past week, up 26.3 percent from a week earlier, according to the KDCA.

Starting Tuesday, the government will further tighten antivirus restrictions nationwide — raising the level of social distancing to Level 2.5 in the Seoul metropolitan area and to Level 2 outside the region — until Dec. 28 at midnight.

Under Level 2.5 restrictions, the second-toughest in the country’s five-tier social distancing system, gatherings of more than 50 people are banned, indoor facilities cannot operate and establishments such as malls, stores, internet cafes and theaters must be closed after 9 p.m. These are in addition to Level 2 restrictions such as banning indoor dining at cafes all day and at restaurants after 9 p.m.

Of Monday’s locally transmitted cases, some 66 percent of them were posted from Greater Seoul — 231 in Seoul, 154 in Gyeonggi Province, which surrounds the capital, and 37 in Incheon. Outside the Seoul metropolitan area, cases were registered in all cities and provinces except in Sejong and on Jeju Island.

Of the 35 imported cases reported Monday, 10 were detected at the border, while the other 25 were identified in individuals under mandatory self-quarantine in Korea. Fourteen cases were from elsewhere in Asia, 12 were from the Americas and nine came from Europe.

Thirteen of those cases involved foreign nationals.

The number of COVID-19 patients in serious or critical condition here stood at 126.

Four more people died from the virus, bringing the death toll to 549, with the overall fatality rate at 1.44 percent. 

So far, of the 38,161 people confirmed to have contracted the new coronavirus here, 29,301 have been released from quarantine upon making full recoveries, up 173 from a day earlier. Some 8,311 people are receiving medical treatment while under quarantine.

The country carried out 14,509 tests in the past day. A total of 68,010 people were awaiting results.

BAM expects to recover more cash next year after Covid hits its debt collections this year #SootinClaimon.Com

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BAM expects to recover more cash next year after Covid hits its debt collections this year (nationthailand.com)

BAM expects to recover more cash next year after Covid hits its debt collections this year

CorporateDec 09. 2020

By The Nation

Bangkok Commercial Asset Management (BAM) believes it will be able to collect Bt15 billion and Bt16 billion in outstanding debts next year, chief of BAM’s investor relations Rathanon Fookiat said.

This year, the company was only able to collect between Bt12 billion and Bt13 billion in payments or 20 per cent less than initially targeted due to the fallout of Covid-19, he said.  

In the next few days, the company will put six of its non-performing assets (NPAs) worth a total of Bt780 million on auction. The next auction will take place early next year, he said.

Rathanon added that BAM’s performance is starting to improve in the fourth quarter of this year, and it will realise revenue worth about Bt1.6 billion from its sale in the second and third quarters.  

For now, he said, the company is prioritising renovating its NPAs for sale, which will account for 72 per cent of the total items up for auction. 

The company’s cash collection recovered in the third quarter of this year, realising net profit worth Bt289 million. Its profits in the first nine months of the year came to Bt1.13 billion. 

The asset management firm is satisfied with the current level of profits, he said. 

He added that non-performing loans (NPLs) in the banking system will rise to 3.4 per cent of total loans, up from the 3.18 per cent or Bt70 billion estimated for this year. 

He said the fallout of the Covid-19 pandemic is a major cause for rising bad debts. 

BAM is an asset management company, offering investments in the real-estate sector. It also puts properties up for auction and sale. 

SET rises over 1,500 points, but tight valuation, mass share sell-offs before long holiday cast shadow #SootinClaimon.Com

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SET rises over 1,500 points, but tight valuation, mass share sell-offs before long holiday cast shadow (nationthailand.com)

SET rises over 1,500 points, but tight valuation, mass share sell-offs before long holiday cast shadow

EconDec 09. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 22.72 points, or 1.54 per cent, to 1,501.64 in the morning session on Wednesday.

An analyst at Krungsri Securities expected the day’s index to rise to between 1,490 and 1,500 points from foreign fund inflows in response to positive news of a Covid-19 vaccine, adding that this positive sentiment is also benefiting large-cap stocks.

“However, we still advise investors to undertake short-term speculation as the SET would come under pressure from its tight valuation and mass sell-offs of shares to reduce risks during the upcoming long holiday,” he said.

He recommended investors buy:

> Laggard shares in the SET50 Index, such as EGCO, TCAP, DTAC, KTB, TMB, SCB, BCP and TOP.

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

The SET Index closed at 1,478.92 on Tuesday, up 29.09 points, or 2.01 per cent. Total transactions amounted to Bt123.46 billion, with an index high of 1,484.73 points and a low of 1,442.65.

Thai gold price flat amid US Treasury bond yield decline, hopes of stimulus package #SootinClaimon.Com

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Thai gold price flat amid US Treasury bond yield decline, hopes of stimulus package (nationthailand.com)

Thai gold price flat amid US Treasury bond yield decline, hopes of stimulus package

EconDec 09. 2020

By The Nation

The price of gold was unchanged in morning trade on Wednesday after surging by Bt300 per baht weight at close on Tuesday, the Gold Traders Association reported.

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

The Comex (Commodity Exchange) gold price to be delivered in February next year rose by US$8.90, or 0.48 per cent, closing at $1,874.9 (Bt56,270) per ounce on Tuesday, the highest since November 17.

The gold price gained positive sentiment from hopes of a US Covid-19 relief package and a decline in the US Treasury bond yield.

An analyst at YLG Bullion International advised investors to undertake short-term speculation as mass buy-ups of the precious metal hadn’t increased by much.

“We advise investors to buy gold when the price rises over the line between $1,846 and $1,850 per ounce and take profits if the price cannot rise over the line between $1,878 and $1,887,” he said.

Baht unchanged amid stock market rise #SootinClaimon.Com

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Baht unchanged amid stock market rise (nationthailand.com)

Baht unchanged amid stock market rise

EconDec 09. 2020

By The Nation

The baht opened at 30.04 to the US dollar on Wednesday, unchanged from the previous day’s close.

The Thai currency is likely to move between 29.95 and 30.15, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities.

On Tuesday night, the S&P 500 Index rose by 0.3 per cent amid progress in US financial policy, while the Stoxx 600 Index increased by 0.2 per cent as the ZEW Investor Sentiment Index in December hit 55 points, higher than the market expectation of 46 points.

However, the financial market didn’t open in a risk state as the US ten-year Treasury bond yield was unchanged at 0.91 per cent, while the dollar recovered slightly after positive news of a US economic stimulus package, Jitipol said

Meanwhile, the baht strengthened to near the strongest point of the year – at 30 to the dollar – due to mass sell-offs of the currency by exporters, while some foreign investors have gradually sold bonds to purchase Thai shares for the remainder of the year as they expect the economy to recover, he said.

“We still believe the baht will weaken once the stock market faces a correction,” Jitipol added.

Stocks climb to record amid stimulus discussions #SootinClaimon.Com

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Stocks climb to record amid stimulus discussions (nationthailand.com)

Stocks climb to record amid stimulus discussions

EconDec 09. 2020

By Syndication Washington Post, Bloomberg · Rita Nazareth, Claire Ballentine

Stocks rose to a record as stimulus talks tempered concern about tougher restrictions amid a surge in coronavirus cases.

The S&P 500 closed at an all-time high after Senate Majority Leader Mitch McConnell, R-Ky., suggested setting aside some issues that have been roadblocks to a relief package — a strategic retreat aimed at striking a deal. The Nasdaq 100 advanced for a 10th straight day, the longest rally in about a year. Pfizer Inc. jumped as U.S. regulators gave early indications they may grant emergency-use authorization to its vaccine. Tesla Inc. erased losses that were driven by plans to raise as much as $5 billion.

Time is running ever shorter on getting fresh stimulus, with lawmakers approaching the year-end break just as U.S. coronavirus infections surpass 15 million. Democrats have opposed McConnell’s insistence on giving employers a shield from lawsuits, while he has been among Republicans blasting Democratic demands for assistance to state and local authorities as a bailout. Both issues have curtailed prospects of an agreement.

“After months of inaction by leaders in Washington, the market is likely to respond well to any movement towards additional fiscal support,” said Adam Phillips, director of portfolio strategy at EP Wealth Advisors. “However, motion is not the same as action. If these discussions do not lead to results, we could see the market give up some of its recent gains.”

A key sentiment indicator for U.S. stocks has reached its most bullish level in two decades. The weekly Cboe ratio of volume traded in puts versus calls fell to the lowest since July 2000 last week. This implies extreme positioning to the upside, as investors look beyond short-term uncertainty toward a continuing global recovery in 2021.

Elsewhere, the pound pared declines after the U.K. dropped controversial parts of an internal bill that would have given it the power to unilaterally override the Brexit divorce treaty. Prime Minister Boris Johnson will hold crisis talks with European Commission President Ursula von der Leyen Wednesday evening as the two sides try to salvage a trade deal by the end of the year.

These are some of the main moves in markets:

Stocks

– The S&P 500 increased 0.3% as of 4 p.m. EST.

– The Stoxx Europe 600 Index climbed 0.2%.

– The MSCI Asia Pacific Index fell 0.1%.

Currencies

– The Bloomberg Dollar Spot Index was little changed.

– The euro was little changed at $1.2106.

– The British pound dipped 0.1% to $1.3366.

– The Japanese yen weakened 0.1% to 104.17 per dollar.

Bonds

– The yield on 10-year Treasuries fell one basis point to 0.91%.

– Germany’s 10-year yield decreased three basis points to -0.61%.

– Britain’s 10-year yield dipped three basis points to 0.257%.

Commodities

– West Texas Intermediate crude fell 0.3% to $45.61 a barrel.

– Gold strengthened 0.5% to $1,872.30 an ounce.

Progress on EV public transport blueprint #SootinClaimon.Com

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Progress on EV public transport blueprint (nationthailand.com)

Progress on EV public transport blueprint

EconDec 09. 2020Transport Minister Saksayam ChidchobTransport Minister Saksayam Chidchob 

By The Nation

The Transport Ministry has reportedly asked the Office of Transport and Public Policy and Planning to study the plan to promote electric vehicles in public transport.

The plan will pilot the use of electric public buses in six provinces – Bangkok, Chiang Mai, Nakhon Ratchasima, Ayutthaya, Chonburi and Phuket.

Transport Minister Saksayam Chidchob said he had received the EV subcommittee’s findings from its study of Thailand’s transition from fuel-based vehicles to EVs.

He added that it is expected to take 15 years to fully achieve the transition.

Gulf’s Sarath richest Thai stockholder for second year in a row #SootinClaimon.Com

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Gulf’s Sarath richest Thai stockholder for second year in a row (nationthailand.com)

Gulf’s Sarath richest Thai stockholder for second year in a row

EconDec 09. 2020Sarath Ratanavadi, CEO of Gulf Energy Development PlcSarath Ratanavadi, CEO of Gulf Energy Development Plc 

By The Nation

Sarath Ratanavadi, CEO of Gulf Energy Development Plc, is the wealthiest Thai stockholder for the second consecutive year with Bt115.29 billion, according to rankings compiled by Money & Banking magazine and Chulalongkorn University’s Faculty of Commerce and Accountancy.

The rankings list major shareholders at close of trade on September 30 this year, after the SET fell to 1,237.04 from 1,637.22 last year.

The fall wiped Bt140.796 billion off the value of major investors’ stockholdings.

The worth of Sarat’s Gulf shares fell Bt5.67 billion from last year. Sarat is the company’s largest shareholder with 35.44 per cent.

Gulf shares were worth Bt160 last year when he topped the wealth list for the first time, up 109.84 per cent from the initial public offering price of Bt45 in 2018. They had fallen to Bt30.5 in September this year after the Thai economy and listed companies were hit by the Covid-19 fallout.

The second richest investor this year is Prasert Prasattong-Osoth, founder of Bangkok Airways and Bangkok Dusit Medical Services, with a total shareholding of over Bt50.079 billion – down by Bt16.031 billion from last year.

The third richest is Niti Osathanugrah with Bt48.181 billion, down Bt431.68 million. Niti is heir to the Osotspa beverage empire. His investment portfolio this year covers 12 companies.

The fourth richest is Vonnarat Tangkaravakoon, director of TOA Paints (Thailand), who moved up from sixth place last year. His overall stake in Stark Corporation and TOA Paints was worth Bt41.213 billion, up Bt157.85 million.

ThaiBev tycoon Charoen Sirivadhanabhakdi was fifth with total holdings of Bt38.178 billion, richer by Bt27.848 billion following his listing of Asset World Corp on the SET last October.

Moving up one place to sixth and seventh were Daonapa Petampai and Chuchat Petaumpai, respectively, who own shares in Muangthai Capital Plc.

Daonapa’s holdings were worth Bt35.460 billion, down Bt5.580 billion, while those of Chuchat were Bt35.277 billion, down by Bt5.563 billion.

Somphote Ahunai, CEO of Energy Absolute, slid to eighth place from fifth last year with Bt34.412 billion, down Bt7.671 billion.

Khunying Wanna Sirivadhanabhakdi, wife of Charoen, is ranked ninth with holdings of Bt28.728 billion, Bt18.398 billion richer than last year.

Harald Link, chairman of B Grimm Power Plc, is 10th in this year’s rankings with shares worth Bt26.798 billion, down Bt632.63 million.