The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.
with good news from vaccine, what Pharmaniaga would benefit?
1) Pharmaniaga, the gov controlled entity will be given priority since she is the only 1 or 2 company has the facility to pack, store and distribute the vaccine complying to MOH strict regulation. In course of this pandemic and intention to speedy cover the population, gov will highly possible renew her supply and distribute contract to a further years because she has the logistic system link to gov hospital .
2) With recovery of normal life, we expect more ppl including Indonesian will revisit hospitals and clinics which will push up the sales of drugs.
Russia has released new results claiming its experimental coronavirus vaccine is highly effective and will cost less than vaccines made by some Western competitors.
As for now, the schedule for the crucial Budget 2021 vote set for tomorrow is on track, according to a source familiar with the matter.
“Ministers have also been reminded to stick to their 20-minute allocation and not exceed it — as what happened on Monday and Tuesday. Questions that can’t be answered due to time constraints will be answered in writing,” a government source familiar with the scheduled budget vote told The Edge, adding that at present, the budget voting is still “confirmed” for tomorrow as scheduled.
Govt signs deal with Pfizer for 12.8 mil Covid-19 vaccine doses — PM Muhyiddin
The Malaysian government, through the Health Ministry, has signed a preliminary purchasing agreement with pharmaceutical company Pfizer to obtain 12.8 million doses of Covid-19 vaccines to meet the immunisation needs of 20% or 6.4 million Malaysians.
Prime Minister Tan Sri Muhyiddin Yassin said the agreement, signed on Tuesday (Nov 24), aimed to ensure the government had access to data to assess the vaccine’s quality, safety and effectiveness while also ensuring access once it was ready for distribution.
https://www.chinapress.com.my/?p=2300675 Vaccine for free that means GLC Company will get direct effect, next week will fly to sky. Other not related GLC company share prices will collapse.
Free for Malaysians, but foreigner need pay, where is all the foreigner? Bangala la, who hire them, company la, company want to pay for them to vaccination or not? Must la, if not later macam top gloves need close many factory, no worth it right.... Haha how many bangala in Malaysian, u calculate lor... Even free vaccine, also got distributions charge ma, u sell one key chain in Lazada rm 5,someone buy from u, delivery by post also few dollar ma, u want 14 millions dose of vaccine deliver free to you mei... Come on so many free lunch then we no need work la, there is no free lunch OK..
Government vaccines distributed to MOH at public hospitals { priority for medical & front liners } private hospitals are not free } not waiting just paid
After inked the vaccine deal, immediately must assign some company to do the distribution job right, mean by next week must announce which company doing the distribution job... Because Pfizer they already standby their vaccine at airport, just wait the approve then they immediately will send the vaccine... So next week when announce who get the distribution job the share price will fly
Former Pfizer VP: ‘No need for vaccines,’ ‘the pandemic is effectively over’
Dr. Mike Yeadon, Pfizer's former Vice President and Chief Scientist for Allergy & Respiratory, states that the drive for a universal vaccine has 'the whiff of evil' which he 'will oppose … vigorously.'
There is absolutely no need for vaccines to extinguish the pandemic. I’ve never heard such nonsense talked about vaccines. You do not vaccinate people who aren’t at risk from a disease. You also don’t set about planning to vaccinate millions of fit and healthy people with a vaccine that hasn’t been extensively tested on human subjects.
PM: No call to reject 2021 Budget just to bring about polls
"There is no need to do that (reject the 2021 Budget). If you ask me, I could have yesterday advised the Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, to dissolve Parliament so that a general election can be held.
"But we all know that the problem is Covid-19. InsyaAllah, if He allows it, when the pandemic is over, we can hold a general election.
Muhyiddin added that the 2021 Budget, worth RM322.5 billion which was passed at the policy level in Parliament on Thursday, is aimed at easing the burden of the people and restoring the country's economy.
"I hope the 2021 Budget will be approved at the Dewan Rakyat and subsequently at the Dewan Negara. This is to ensure that the people will receive the assistance that they need during this tough time."
No significant change to reject budget at committee level: Dr M
FORMER Prime Minister (PM) Tun Dr Mahathir Mohamad said no significant change can be achieved if the proposed Budget 2021 is rejected at the committee level debate session.
“Rejecting the budget at the committee level, as it is said to be done, will not bring any significant impact on the government nor the proposed budget.
“It is just an attempt to divert the criticisms of the people who are disappointed with the attitude of the Opposition,” Dr Mahathir said in a statement today.
As my speculation, the landing of Covid vaccines is just a matter of time. Regardless which pharma vaccines are used later, whether bottling is involved or not, PHARMANIAGA is the only company in Malaysia equipped with capacity, logistics technology and network, reachability to all health facilities in Malaysia. Not to forget that there is possibility of appointing the company as the sole Bumi middle agent to mediate the trading and distribution terms with any global giant.
As said, a huge revenue is expected to flow in to the company soon.
Moderna Applies for Emergency F.D.A. Approval for Its Coronavirus Vaccine The first shots could be given as early as Dec. 21, if authorization is granted.
Yes free, still need to pay, but if all cant get a bigger “durian runtuh” profit margin like what the glove counters got, then its useless as the price now maybe overpriced, In comparison to pre covid time. Prices has already doubled.
Britain today became the first country in the world to approve the Pfizer-BioNTech Covid-19 vaccine for use and said that it will be rolled out from early next week. - Reuters
U.K. Approves Pfizer Coronavirus Vaccine, a First in the West The emergency approval, ahead of the United States and the European Union, clears the way for Britain to begin mass inoculations. “Help is on its way,” one official said.
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The Dow Jones Industrial Average traded above 30,000 points for the first time Tuesday as investors were encouraged by the latest progress on developing coronavirus vaccines and news that the transition of power in the U.S. to President-elect Joe Biden will finally begin.
https://apnews.com/article/joe-biden-donald-trump-financial-markets-coronavirus-pandemic-financial-markets-b28c38a5d1f7b000a7598b91d12bdc4b