- A + A KUALA LUMPUR (Sept 28): A total of 5,947 of travellers arriving from abroad have applied for quarantine at home through the Home Quarantine Application (HQA) portal since it was launched on Sept 20. Health director-general Tan Sri Dr Noor Hisham Abdullah said for one week since its launching, the HQA portal had received 4,883 completed applications and out of this number, 1,741 applications had been processed. "Of the number, 1,612 individuals have received approval for home or residential quarantine,” he said in a statement here on Tuesday on the Covid-19 developments. Dr Noor Hisham said out of the total number of applications, 3,921 were Malaysians, 1,910 were foreign nationals, while 116 were permanent residents. The Ministry of Health (MOH) had launched the HQA portal as one of the preparations in facing the increasing number of travellers arriving from abroad for various reasons. The portal was specially created to ease the applying for home or …
5 seniors die from Covid-19 complications; 2,236 new cases in Singapore
SINGAPORE - Five more people have died from Covid-19 complications in Singapore, the Ministry of Health (MOH) said on Tuesday (Sept 28). They comprised four Singaporean men aged between 69 and 79, and a 77-year-old Singaporean woman. Two of them were unvaccinated, while one was partially vaccinated. The other two were inoculated against the virus. All had various underlying medical conditions, MOH said, without giving details of these conditions in its statement. It was the ninth consecutive day that deaths from Covid-19 were reported. So far, 85 people here have died because of the virus. The latest fatalities bring the total number of people who have died of Covid-19 this month to 30, compared with 18 last month. The number of new cases here hit 2,236 on Tuesday – surpassing the 2,000 mark for the first time. It was also 589 more than Monday’s figure. The total number of cases in Singapore now stands at 91,775. The latest case figure includes 1,711 cases …
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Why Pfizer, BioNTech, Moderna, and Novavax Stocks Are Falling Today
What happened This isn't shaping up to be a good week for the stocks of leading COVID-19 vaccine makers. Several of the stocks slipped on Monday . The downtrend continued today. Shares of Pfizer ( NYSE:PFE ) were down 1.6% at 11:27 a.m. BioNTech ( NASDAQ:BNTX ) stock had fallen 9.4%. Moderna 's ( NASDAQ:MRNA ) shares were 6.2% lower. Novavax ( NASDAQ:NVAX ) was an especially big loser, its shares having sunk 11.6%. The declines for these vaccine stocks came despite some good news for several of them. Pfizer and BioNTech submitted initial data to the U.S. Food and Drug Administration from a late-stage study of their COVID-19 vaccine in children younger than 12 years down to age 5. Indian regulators also allowed the Serum Institute of India to begin enrolling kids ages 7 to 11 in a clinical trial evaluating Novavax's COVID-19 vaccine. So why are the stocks falling today? It's probably because investors are becoming increasingly anxious about the …
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Got $1,000? 5 Perfect Stocks to Buy for the Fourth Quarter
If investors thought the coronavirus crash was historic, the bounce-back rally from the March 2020 bottom has been even more impressive. The benchmark S&P 500 took less than 17 months to double from its lows, and it's now gone 10 months without so much as a 5% downside correction. Patience is truly paying off for long-term investors. But just because the broader market is a stone's throw from a record high doesn't mean investors can't still find bargains. If you've got $1,000 ready to invest, which won't be needed for bill or emergencies, the following five stocks would make for perfect buys for the fourth quarter. Image source: Getty Images. Novavax While I'm generally not a fan of chasing the coronavirus stocks after they've catapulted into the stratosphere, clinical-stage biotech stock Novavax ( NASDAQ:NVAX ) is the rare exception. It's unlikely to remain a clinical-stage company for much longer and could offer clear advantages that'll help it become a top …
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What’s Your Purpose? Three Steps To Self-Creation
Share to Twitter Share to Linkedin This column is the first in a five-part series on creating purposeful lives, using the same business principles that guide decisions in corporate boardrooms. The target audience is you, the CEO of My Enterprise (ME) Inc. Great leaders ask great questions. Before they set strategy and chart a path forward, they tackle the most basic question of all: What’s my purpose? Top vote-getters on the most influential CEOs list at Ranker.com all knew the answers for their organizations. But few individuals have similar statements ready for themselves. Even executive MBA students with years of corporate experience hesitate when I introduce the concept in the classroom. To help create a personal purpose statement, we focus on framework, fallacies and formulation. Framework Many high performers feel their way through life instinctively. They have priorities, passions and philosophies that point them in a general direction. …
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Regional Fed Presidents Step Aside Amid Trading Backlash
Two regional Federal Reserve officials announced Monday that they will step aside following mounting scrutiny over their trading activity. Both resignations come hot on the heels of Fed Chair Jerome Powell pledging to launch an ethics review at the U.S. central bank. Federal Reserve Bank of Dallas President Robert Kaplan, 64, submitted his resignation just hours after Eric Rosengren called time on his 35-year stint at the Boston Fed branch, including the last 14 years as president. Key Takeaways The Boston and Dallas Federal Reserve Bank presidents announced that they will be stepping down following mounting scrutiny over their trading activity. Records reveal that the policy makers' trading activity met regulatory requirements but raised possible conflict of interest concerns. Boston Fed President Eric Rosengren will retire on Sept. 30, nine months earlier than planned, due to health concerns. Robert Kaplan will depart the Dallas branch on Oct. 8, citing the recent …
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Sabah allows interdistrict travel according to zones from Oct 1
The Edge filepix for illustration purpose only - A + A KOTA KINABALU (Sept 28): The Sabah state government has agreed to allow interdistrict travel according to zones from Friday (Oct 1), said state Local Government and Housing Minister Datuk Masidi Manjun. He said this was subject to requirements like 60% of the state's adult population having been been fully vaccinated, with districts within each zone also having to achieve the same vaccination rate for their adult population. “Any district that have yet to achieve the 60% rate will automatically not be part of the zoning system and will remain under the ‘stand alone district’ status,” he said in statement on Tuesday night. Masidi said that, so far, a total of 2,264,603 of Sabah's population had received the first dose of the Covid-19 vaccine jab, covering 2,027,449 of the adult population, while 1,750,540 of the population have been fully vaccinated, including 1,750,346 of the adult population. Meanwhile, …
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Hai-O’s 1Q profit drops 32% on-year as revenue softens on high-base effect, lockdown impact
- A + A KUALA LUMPUR (Sept 28): Hai-O Enterprise Bhd's net profit fell 31.79% to RM7 million in its first financial quarter ended July 31, 2021 (1QFY22) from RM10.26 million a year ago, on lower revenue generated from its multilevel marketing (MLM), wholesale and retail divisions. Earnings per share dropped to 2.42 sen per share in 1QFY22 from 3.53 sen per share a year ago, its bourse filing with Bursa Malaysia showed. Quarterly revenue dropped 31.03% to RM49.14 million from RM71.25 million. On a quarter-on-quarter basis, the company’s net profit shrank 14.91% from RM8.23 million in 4QFY21, as revenue declined by 26.42% from RM66.78 million. Its MLM division’s revenue fell 39% year-on-year to RM30.1 million, with pre-tax profit dropping 38.3% to RM6.2 million. It said the softer results for 1QFY22 was due to higher base recorded in 1QFY21 due to overwhelming response of the Duit Raya and other sales campaigns, further boosted by a higher distributor base due to …
AG’s Report 2019 Series 2: Recruitment of foreign workers in Sabah, Sarawak inefficient
(Photo by Zahid Izzani/The Edge filepix) - A + A KUALA LUMPUR (Sept 28): The management of the recruitment and employment of foreign workers in Sabah and Sarawak from 2017 to 2019 has been found to be inefficient, although it was done based on the needs of the permitted sectors. According to the Auditor General's Report (LKAN) 2019 Series 2 tabled in the Dewan Rakyat on Tuesday, the audit detected inefficiencies in the Check Out Memo (COM) records and the issuance of Temporary Employment Visit Passes (PLKS). “Other than that is the intrusion of internal control and security on the Malaysian Immigration System (MyIMMs) operated by the Malaysian Immigration Department (JIM) in both states. "For COM, for example, JIM Sabah issued a total of 24,880 during the period but only 14,481 foreign workers who filled the COM were found to have left Malaysia, while another 10,399 people had no record of having left the country," according to the report. LKAN found that …
AG’s Report 2019 Series 2: General election management system weaknesses must be given due attention
- A + A KUALA LUMPUR (Sept 28): The management of the general election system has been found to be satisfactory in terms of supporting the main function of the Election Commission (EC), however, there are several weaknesses which have to be given due attention, says the Auditor General’s Report 2019 Series 2. According to the audit which was conducted from February to December, several weaknesses in the management of the existing system involving access control, providing back up and service continuity, which should be taken into account in the development of new systems to ensure EC data and system integrity. “The main finding of the audit which requires attention on the weakness of control at the EC level is that 41 convicts and five mental patients had been registered (new registrations or first time) when they were under detention and treatment. “In addition, 931 or 0.4% of the 211,215 records of military or police who registered do not have proof of review …