Coronavirus Global Updates May 11 ::: Germany Sees ‘Good Summer;’ Taiwan Bans Big Crowds; Singapore Says 1.8 Million Shots Given

Tue May 11 12:12:55 CAT 2021

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Coronavirus Global Updates May 11 ::: Germany Sees ‘Good Summer;’ Taiwan Bans Big Crowds; Singapore Says 1.8 Million Shots Given

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Zimbabwe COVID19 Update

COVID-19 update: As at 10 May 2021, Zimbabwe had 38 433 confirmed cases, including 36 208 recoveries and 1 576 deaths. To date, a total of 529 360 people have been vaccinated against COVID-19. 

Germany Sees ‘Good Summer;’ Taiwan Bans Big Crowds: Virus Update
The discrepancy between the most vaccinated countries and those lagging behind is growing starker. England reported  <https://www.bloomberg.com/news/articles/2021-05-11/england-reports-zero-covid-deaths-for-first-time-in-14-months> no deaths from Covid-19 in its latest daily update, and Germany’s health minister expressed optimism about falling infection rates.

Meanwhile, Thailand Prime Minister Prayuth Chan-Ocha warned that local cases may increase over the next few weeks and Taiwan  <https://www.bloomberg.com/news/articles/2021-05-11/fresh-outbreak-threatens-taiwan-s-status-as-coronavirus-bastion> banned large gatherings. Malaysia shuttered schools and India’s capital extended its  <https://www.bloomberg.com/news/articles/2021-05-09/delhi-extends-lockdown-tightens-restrictions-to-curb-virus> lockdown.

Hong Kong, which is struggling to persuade people to get shots,  <https://www.bloomberg.com/news/terminal/QSX6Y3DWLUCD> backtracked on a controversial requirement that all foreign domestic workers be vaccinated before seeking visas. Bali moved closer to a target of inoculating 70% of its population by July so it can welcome tourists.

England Reports Zero Covid Deaths 
England reported no deaths from Covid-19 in its latest daily update, a milestone that highlights the effectiveness of the U.K.’s vaccine program. Sunday was the first day without any recorded deaths in England since the pandemic took hold in March 2020. More than 112,000 people have died since then.

Seychelles Says Most Vaccinated Nation Safe 
Seychelles President Wavel Ramkalawan  <https://www.bloomberg.com/news/articles/2021-05-11/seychelles-leader-says-most-vaccinated-nation-safe-despite-surge> insisted his country is safe for tourists even as cases surge in the nation that’s vaccinated a greater proportion of its people than any other country. Ramkalawan, in a transcript of an interview with the state-owned Seychelles News Agency, said that while some fully vaccinated people have contracted the disease, none of them has died.

“Up to this date, Seychelles has not recorded any case of mortality of people fully vaccinated,” he said. “This has shown us the efficacy of the vaccination.”

Indonesia Expects Jump in Cases Post Eid 
Indonesia is adding hospital beds in anticipation of a jump in infections after the Eid holidays in the country that’s home to the world’s largest Muslim population.

Infections will probably increase as people continue to gather and travel during the break despite a government travel ban, with holidays usually leading to a 40%-60% jump in cases, Health Minister Budi Gunadi Sadikin said in an interview.

Singapore to Feel Impact of Labor Shortage 

Companies in Singapore’s construction, marine and process sectors will be especially hard hit by stricter border measures imposed amid an increase in cases, while the economy faces a shortage of foreign labor with entry approvals set for prolonged delays, a senior official  <https://www.bloomberg.com/news/articles/2021-05-11/seychelles-leader-says-most-vaccinated-nation-safe-despite-surge> said.

Germany Sees ‘Good Summer’ 
Germany has cause for optimism as it gets the third wave of the coronavirus under control, Health Minister Jens Spahn said in an interview with Deutschlandfunk radio.

“The pace of immunizations is increasing, the contagion rate is sinking,” he said. “If we maintain that through the end of June, it can be a good summer.”

Germany’s incidence rate declined to 115.4 infections per 100,000 people on Tuesday, the lowest level in more than a month. At least one-third of the population has had at least one shot of a Covid-19 vaccine, Spahn said, reiterating that Germany will be in position to open vaccinations up to all adults by early June.

Taiwan Bans Large Gatherings 
Taiwan, which had successfully suppressed Covid-19 as the pandemic raged elsewhere over the past year, tightened restrictions for four weeks after finding local cases with unknown sources.

The restrictions include a ban on indoor meetings of more than 100 people and outdoor gatherings of over 500 people. The benchmark stock index plummeted 3.8%, the biggest drop since March 2020.

Singapore Says 1.8 Million Shots Given 
Some 1.2 million people are now fully vaccinated against Covid-19, Health Minister Gan Kim Yong said Tuesday. The country, which is currently only vaccinating those aged 45 or above, will start widening eligibility from the second half of May, Gan told parliament in a statement.

Gan also said Singapore has “hit a bump” in its virus recovery and stressed the need to remain vigilant.

Singapore’s progress contrasts with that of Hong Kong, the competing financial center where vaccine coverage stands at just 12% of the population, according to Bloomberg’s vaccine tracker.

Hong Kong Walks Back Vaccine Requirement 
Hong Kong’s government won’t push ahead with a requirement that all foreign domestic workers must be vaccinated against Covid-19 before applying for or renewing work visas, Chief Executive Carrie Lam said. The proposal had been critizised for stigmatizing and singling out the city’s roughly 380,000 foreign domestic workers.

Domestic workers must, however, undergo a second round of mass Covid testing by May 30 if they’re unvaccinated. Lam also said schools can start to operate half-day in-person classes at full capacity from May 24.

All other social distancing measures were kept in place for another two weeks, even as Hong Kong recorded another day without any local infections.

Singapore Tests Hospitals 
Singapore’s decision to test all hospital staff follows the the emergence of a cluster at Tan Tock Seng Hospital, which has since grown to be the country’s largest, with 43 linked cases. There are presently 11 active clusters nationwide, the Ministry of Health said in a statement Monday.

“We’re only as strong as our weakest link,” Singapore General Hospital said on its Facebook page. “No amount of stringent measures or guidelines can keep Covid-19 out of the hospital if as front-liners we do not know if we have been silently infected.”

Bali Targets Herd Immunity 
Bali has secured nearly 2 million doses of Sinovac and AstraZeneca vaccines so far, with another 500,000 arriving later this month and more to come in June and July, Governor Wayan Koster said late Wednesday.

The added supply brings the tourism-dependent island closer to its goal of inoculate 70% percent of its population, a critical threshold for allowing it to welcome foreigners again.

Japan State of Emergency Debated 
Governors in Japan have drafted a recommendation that calls on the central government to consider declaring a nationwide state of emergency, Asahi newspaper reported without attribution.

The officials called the national virus situation grave and urged the government to take immediate actions beyond the current measures to “to defeat covid variants that are rampant.”

L.A. Nears Herd Immunity, Officials Say 
Los Angeles, the most populous county in the U.S., is likely to achieve herd immunity by mid- to late-July if the brisk pace of vaccinations continues, health officials said.

“Although we’re not sure what percentage of the population needs to be vaccinated for this level to be reached, we do assume it’s probably somewhere around 80%,” Barbara Ferrer, the county’s director of public health, said at a briefing on Monday, referring to herd immunity -- when a large share of a community is considered immune to a disease, making it harder to spread.

As of May 7. about 59% of the county’s adult population has received at least one dose of a vaccine, Ferrer said.

NY College Students Need Vaccines for Class
Students attending public colleges and universities in New York state will be required to be fully vaccinated to attend in person, Governor Andrew Cuomo said.

“No excuses,” Cuomo said at a virus briefing, urging state and city university system students to get vaccinated now instead of waiting until September.

The state can’t legally mandate the vaccination requirement unless the federal government fully approves the vaccine for permanent use beyond the current emergency use authorization, Cuomo said. “We believe that they will do that in the near future.”

WHO Says India Variant a Global Concern 
The World Health Organization considers a highly contagious Covid variant spreading in India as a “variant of concern” at the global level, according to Maria Van Kerkhove, the group’s technical lead for Covid-19.

The WHO will provide more details in a report Tuesday, Van Kerkhove said in a news briefing Monday. She called for more targeted sequencing to be done to track the variant.

“There is some available information to suggest increased transmissibility,” according to Van Kerhove. She said a paper that hasn’t yet been peer-reviewed studied a limited number of patients and found a suggestion of some reduced neutralization as well.

INVESTORS DIARY 2021

Company

Event

Venue

Date & Time

NMB

AGM

virtual

12/05/21 :  3:30pm

Africa Day

25/05/21

Public Holiday in lieu of Independence Day falling on a Sunday

19/04/21

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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