Coronavirus Global Updates 03 June ::: Singapore’s Local Virus Cases Hit Three-Week High

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Coronavirus Global Updates 03 June ::: Singapore’s Local Virus Cases Hit Three-Week High

 


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Zimbabwe COVID19 Update


COVID-19 update: As at 02 June 2021, Zimbabwe had 39 031 confirmed cases, including 36 661 recoveries and 1 599 deaths. To date, a total of 682 242 people have been vaccinated against COVID-19.

 


 


EU Won’t Back IP Waivers; Cathay’s Party Flight: Virus Update


 

New infections in India held near the lowest level since early April, as the country  <https://www.bloomberg.com/news/terminal/QU3U2TT1UM10> ordered 300 million vaccine doses from local manufacturer Biological-E. Japan led contributions totaling $2.4 billion  <https://www.bloomberg.com/news/articles/2021-06-02/japan-leads-pledges-with-extra-800-million-for-covax-drive> aimed at closing a funding gap that has hampered the distribution of doses to poorer nations.



The European Union will encourage World Trade Organization members to phase out export restrictions for vaccines, but  <https://www.bloomberg.com/news/articles/2021-06-03/eu-s-trade-response-to-pandemic-stops-short-of-vaccine-ip-waiver> will stop short of supporting an American-backed proposal to suspend intellectual property rights meant to boost the supply of Covid shots.



Bahrain started giving Pfizer Inc. boosters to vulnerable citizens who’ve been inoculated with the Sinopharm vaccine, Dow Jones  <https://www.bloomberg.com/news/terminal/QU3OXLT0AFB8> reported, raising  <https://www.bloomberg.com/news/articles/2021-06-03/bahrain-s-covid-vaccine-boosters-cast-cloud-over-sinopharm-shot> concern about the effectiveness of the Chinese shot. The U.S. is poised to announce which countries will receive the first donations of vaccines <https://www.bloomberg.com/news/articles/2021-06-02/biden-to-begin-vaccine-donations-abroad-as-variant-threat-looms>  from its stockpile.

 


EU Response to Pandemic Stops Short of IP Waiver 
The European Union will  <https://www.bloomberg.com/news/articles/2021-06-03/eu-s-trade-response-to-pandemic-stops-short-of-vaccine-ip-waiver> encourage World Trade Organization members to phase out export restrictions for vaccines, but will stop short of supporting an American-backed proposal to suspend intellectual property rights meant to boost the supply of Covid shots.


The EU will propose to the WTO at a June 8-9 meeting that all 164 members decrease restrictive measures related to health products, expand the production of vaccine facilities and support an easing of regulatory hurdles, according to a draft proposal seen by Bloomberg.


Japan Planning to Send Vaccine to Help Taiwan 
Japan is  <https://www.bloomberg.com/news/articles/2021-06-03/japan-planning-to-send-covid-vaccine-to-help-taiwan-this-month> planning later this month to send some of its Covid-19 vaccine to Taiwan, which has been struggling to procure its own supplies and blamed China for impeding shipments of the shots.


Foreign Minister Toshimitsu Motegi told parliament Thursday that Taiwan has an urgent need for supplies of the vaccine until July, when its domestic production will be ramped up. The shortage amid rising case numbers in Taiwan has raised fears of a health crisis that could hurt its semiconductor production, which is crucial for global industry.


Singapore’s Local Virus Cases Hit Three-Week High
Singapore says it has  <https://www.bloomberg.com/news/terminal/QU4AEXT0AFB6> preliminarily confirmed 35 new local cases of Covid-19 infection, the highest since mid-May. Twenty-two of them were ones the government disclosed late yesterday as connected to a cluster at the MINDSville at Napiri adult disability home. Of the remaining 13 local infections, 11 were linked to prior cases and two were not linked.




Cathay Pacific Offers Party Flight 
In another Hong Kong  <https://www.bloomberg.com/news/articles/2021-05-30/hong-kong-turns-to-businesses-to-fix-foundering-vaccine-program> push to improve the city’s vaccination rate, Cathay Pacific Airways is conducting a lucky draw in which the winner can host a private party on an Airbus A321neo flight around Hong Kong. The winner and companions must be fully vaccinated, said the airline, which is also giving away 20 million reward miles to vaccinated residents.


Cathay is providing two days of leave to Hong Kong-based ground staff who get fully vaccinated. More than 80% of Cathay pilots and around 50% of cabin crew have booked or received vaccinations, the carrier said Thursday.


Tapeworm Drug, Masks Part of Plan to Tackle Covid 
Reliance Industries Ltd. is  <https://www.bloomberg.com/news/articles/2021-06-03/tapeworm-drug-masks-are-part-of-ambani-s-plan-to-tackle-covid> working on a new Covid-19 drug and cheaper testing kits as the conglomerate owned by Asia’s richest man Mukesh Ambani builds an armamentarium against the pathogen which has ravaged India in the past year.


India’s most-valuable company is exploring use of a tapeworm drug, Niclosamide, as a cure for Covid-19, according to its annual report. Its diagnostic kits -- R-Green and R-Green Pro -- have been approved by India’s apex medical research body and it has designed a process to make sanitizers at one-fifth the market cost, Reliance said in the report.


Hong Kong Lowers Eligible Age for BioNTech Vaccines to 12 
Hong Kong  <https://www.bloomberg.com/news/terminal/QU4968T1UM0X> lowered the eligible age for BioNTech’s Covid-19 vaccines to 12, according to a government statement. Inoculation arrangements for people aged 12-15 will be announced early next week




Taiwan Adds 583 Local Cases 
Taiwan reported 364 newly confirmed domestic cases on Thursday and added 219 local infections to previous tallies due to test result delays. It’s too early to say whether Taiwan needs to further raise the Covid alert level, Health Minister Chen Shih-chung said at a briefing.


Taiwan’s Cabinet earlier  <https://www.bloomberg.com/news/terminal/QU3Z8ZT0G1KW> approved a plan for NT$260 billion ($9.4 billion) in Covid-19 relief measures, including about NT$58.4 billion for the economics ministry to distribute as subsidies for companies to cover salaries and operating costs.




India Cases Hold Near April Low 
India added 134,154 new cases in a day, close to the lowest number since April 8, government data showed. The country’s death toll from the pandemic climbed by 2,887 to 337,989.


Vietnam Sees 120 Million Doses This Year 
Vietnam’s health ministry  <https://www.bloomberg.com/news/articles/2021-06-03/vietnam-will-have-120-million-virus-vaccine-doses-this-year> said the country will have more than 120 million doses of Covid-19 vaccines this year.


The latest Covid updates

The total includes 5 million doses from Moderna Inc., 20 million doses of the Sputnik V vaccine and 31 million doses of the vaccine developed by Pfizer Inc. and BioNTech SE, it said. Vietnam will also acquire 30 million AstraZeneca Plc vaccine doses and 38.9 million doses through the Covax initiative, the World Health Organization-backed effort to buy and distribute vaccines to low- and middle-income nations.


India’s 300 Million Dose Order 
India  <https://www.bloomberg.com/news/articles/2021-06-03/india-orders-300-million-shots-from-biological-e-amid-shortage> ordered 300 million coronavirus vaccine doses from local manufacturer Biological-E as Prime Minister Narendra Modi’s government comes under pressure from the nation’s Supreme Court to cover more of the population.


An advance of 15 billion rupees ($205 million) will be paid to the Hyderabad-based company, the government said Thursday. Phase 3 trials are currently on and the firm will prepare the order between August and December.


Philippines Says Putin Pledged More Doses
The Philippines said President Rodrigo Duterte got a commitment from Russian President Vladimir Putin for more Sputnik V deliveries on a phone call Wednesday. A statement from Duterte’s office said the Philippine leader also sought greater cooperation with Russia on trade and defense. The Southeast Asian nation has so far received 80,000 doses of Russia’s Covid-19 shot.


Bahrain Gives Different Boosters 
Bahrain started giving booster shots to vulnerable citizens who have been inoculated with Sinopharm vaccine using a different vaccine made by Pfizer Inc. and BioNTech SE, Dow Jones reported, citing the country’s undersecretary of health Waleed Khalifa al Manea.


The country is fighting a sharp resurgence of Covid-19. More than 90% of those hospitalized in the latest wave haven’t been vaccinated.

Chinese drugmaker Sinopharm’s vaccine has accounted for more than 60% of Bahrain’s inoculations and was providing a high degree of protection, the report said. The government started offering the boosters at the end of May, according to the report.


Apple Sets Return to Offices 
Apple Inc. Chief Executive Officer Tim Cook  <https://www.bloomberg.com/news/articles/2021-06-02/apple-s-ceo-sets-september-return-to-offices-in-flexible-setup> said Wednesday employees should begin returning to offices in early September for at least three days a week.


The iPhone maker is pushing staff to return on Mondays, Tuesdays and Thursdays at a minimum, with remote work still an option for Wednesdays and Fridays, Cook said in a memo obtained by Bloomberg News.


U.S. Vaccine Donation Plan Imminent 
The White House has  <https://www.bloomberg.com/news/articles/2021-06-02/biden-to-begin-vaccine-donations-abroad-as-variant-threat-looms> settled on a plan and is set to announce which countries will receive the first vaccine donations from the U.S. The Biden administration hopes the move will help fend off risks of more coronavirus variants emerging in countries with limited access to vaccines, people familiar with the matter said.

 


 


 


 

 


 

INVESTORS DIARY 2021

 


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Companies under Cautionary

 

 

 


 

 

 

 


ART

PPC

Dairibord

 


Starafrica

Fidelity

Turnall

 


Medtech

Zimre

Nampak Zimbabwe

 


 

 


DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

 


 

 


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