High Glove shares fall as Covid-induced demand eases

Stocks of Malaysia Upper glove, the world’s largest manufacturer of medical gloves, are down more than 50% this year as the global roll out of Covid-19 vaccinations dampened demand for gloves.

“As in any business, there are always ups and downs. And you can’t expect super wins to last for a long, long time. So we’re glad we had a good run last year, “Lee Kim Meow, Top Glove CEO told CNBC:”Road signs Asia” on Monday.

The company on Friday announced a 48% year-over-year decline in net income to 608 million Malaysian ringgits ($ 145.11 million) for the June-August period. Sales were around 2.1 billion ringgits, 32% less than a year ago.

The results were “weaker due to the normalizing demand for the global introduction of vaccines, resulting in lower sales volumes and [average selling prices]that weren’t offset by a corresponding cut in commodity prices, “Top Glove said in his annual accounts.

As in any business, there are always ups and downs. And you can’t expect super wins to last for a long, long time.

Lee Kim Meow

Managing director, top glove

In addition, the company’s sales were increased by a US import ban on charges of forced labor. The ban has been lifted earlier this month.

Top Glove shares in Malaysia fell more than 5% on Monday, increasing their year-to-date losses to over 52%.

Other Malaysian glove inventories also declined, with Hartalega, Super max and Kossan recorded losses of between 3% and 5% on Monday.

In comparison, is the benchmark stock index FTSE Bursa Malaysia KLCI index down less than 1% on the same day.

Last year, Top Glove’s shares rose 290% as they posted record sales and earnings, thanks increasing demand for gloves during the pandemic.

Listing in Hong Kong

Upper glove delayed a plan to pursue “dual primary listing” to raise $ 1 billion on the Hong Kong Stock Exchange after the company was hit with the US import ban.

Lee told CNBC the company wanted to continue listing. Top Glove already has a main listing in Malaysia and a Second listing in Singapore.

“We felt that, for the sake of long-term business, in order to move forward and see the benefits of being listed in Hong Kong, we had to see this as something we had to go through,” said the executive director.

“A listing in Hong Kong will put us in a good position to be where we want to be to achieve our dream of being a Fortune Global 500 company in 2030,” he added.

Stimulus cash eases COVID prices for De Soto Colleges | Native Information

The coronavirus pandemic has cost school districts a lot over the past year and a half, but De Soto School District has some economic relief.

The district’s education committee recently decided to accept $ 1.7 million from the Elementary and Secondary Education Emergency Fund (ESSER II) provided in the federal Coronavirus Response and Relief Supplemental Appropriations Act, which was provided by the U.S. Congress was adopted in December 2020.

The De Soto School District will receive the funds from the Missouri Department of Elementary and Secondary Education and use them to cover COVID-19-related costs incurred in the 2020-2021 school year.

All but $ 7,511.50 of the $ 1.7 million will be used to cover employee salaries, benefits and insurance costs caused by the pandemic, Superintendent Josh Isaacson said.

He said the federal government agreed last year to reimburse school districts for up to 10 days of employee lost work time due to quarantine, either after a positive COVID-19 test or due to contact tracing.

That clause ended in 2020, but Isaacson said the board decided to extend the agreement to pay employees if they need to be quarantined in the second half of the 2020-2021 school year, and the district will be ESSER II – Use funds to reimburse the district for their payment.

“We were in class while many other companies were able to allow their employees to work from home,” he said.

The reimbursement concerned teachers and administrative staff as well as canteen workers, bus drivers, nurses, caretakers and other auxiliary staff.

The ESSER II funds will also be used to reimburse the district for consumables it has purchased, such as cases of medical gloves, masks, and food service items.

Isaacson said about $ 130,000 was used to cover the costs COVID-19 placed on the district’s self-insured health insurance program.

“Since we are self-insured, we could cover some of these costs,” he said. “We had vaccination clinics. While COVID tests and vaccinations were free, insurance was billed for administration costs of $ 10 or $ 11 per test or vaccination. That helped. “

De Soto District previously received $ 520,000 from Emergency Fund I for elementary and secondary schools provided under the state’s Coronavirus Aid, Relief and Economic Security (CARES) Act.

That money, administered by Jefferson County, was used to pay for hotspots and Chromebooks so students could study from home, Isaacson said.

He said the CARES law money also provided local grants for grants paid for plastic barriers and additional postage the district incurred for sending information to students and parents while the school was out of the way from March to May 2020 Operation was.

China Eases Restrictions On Overseas Funding In Leisure Venues

Foreign investors are now allowed to build entertainment venues in China without investment restrictions or local partners, according to new legislative changes.

This opens the doors for future wholly-owned foreign companies Cinemas in the largest film market in the world. It could also be big news for U.S. entertainment companies looking to run theme parks in the country. Previous rules required them to band together to form joint ventures with local companies, as did Disney did to open its lucrative Shanghai Disneyland theme park, and as Universal had to do for its near-completed theme park near Beijing.

The changes come from the Chinese State Council, the highest government body in the country, via a “change and repeal of certain administrative regulations” and were announced on Monday through the country’s Ministry of Culture and Tourism.

Previously, the regulations stipulated that foreign investors could only participate in business with event venues in which a Chinese party acted as the majority shareholder through joint ventures or cooperation with local partners. Now it simply says that “foreign investors can establish entertainment venues in China in accordance with the law.”

This change in wording seems to further formalize an earlier change in the law from 2019 that basically allowed foreign investors to own cinemas in full. The new wording also extends the directive to all entertainment venues, not just cinemas.

The latest development marks the final step in the slow opening of the exhibition sector to non-Chinese investors.

Before 2000, foreign investors were prohibited from investing in cinemas. The policy was relaxed from 2000 to 2003 when they were allowed to invest up to 49% equity in exhibition companies. This was followed by a trial period from 2004 to 2005, during which foreigners were allowed to invest up to 75% equity in seven pilot cities. However, this policy was abandoned and foreigners could not invest more than 49% again by 2019.

Despite the booming film market in China, investments in the country’s exhibition sector have so far proved unattractive to foreign actors, few of whom have dipped a toe in the water. The end of the 2004-05 experiment preceded the withdrawal of the Warner Brothers International Theaters from China, which had opened a handful of complexes.

Theaters that are wholly foreign-owned would still have to adhere to China’s strict censorship rules and would not be able to show content without prior approval from government agencies.

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UK lockdown eases on ‘Completely satisfied Monday’; Germany and France hospital fears

Medical workers will monitor Covid-19 patients on Tuesday March 16, 2021 in an additional intensive care unit (ICU) set up to deal with the pandemic at the Ambroise Pare Clinic in Paris, France.

Bloomberg | Bloomberg | Getty Images

The Covid crisis in Europe seems to diverge further this week as the public health situation deteriorates in France and Germany. However, the UK is taking another step to ease the lockdown on Monday.

Germany has already extended its lockdown to April 18, but Chancellor Angela Merkel has urged German states to do more against infections and suggested that the federal government give regions (which were largely free to make their own decisions) a certain amount Measures could withdraw control) to better contain the crisis. This is happening even though Merkel is turning around to introduce a strict Easter ban.

“We have to break this third wave,” Merkel told ARD on Sunday. “We have a legal obligation to curb the spread, and right now that’s not happening.”

She added that additional restrictions, such as curfews, may be needed to prevent the virus from growing “exponentially”. Deutsche Welle reported. Germany reported 9,872 new cases on Monday, Data from the Robert Koch Institute showedThis brings the total number of infections to over 2.7 million. To date, nearly 76,000 people have died from the virus.

On Saturday intensive care doctors in the country requested a two-week hard ban To avoid overloading the health system, similar calls were made on Sunday in France, where cases continue to rise to worrying levels.

The French government has already partially closed more than a dozen regions, including Paris, but cases are increasing and hospitals are struggling.

Intensive care doctors in Paris warned on Sunday Le Journal du Dimanche newspaper These high-flying infections could soon overwhelm the capital’s hospitals, forcing them to decide which patients to treat.

France reported 37,014 new coronavirus cases on Sunday. Health Department data showedThis increases the total number of infections to over 4.5 million. To date, over 94,000 people have died from the virus in the country.

Deutsche Bank strategists discovered this on Monday “”Investors are increasingly concerned about the rising number of cases in multiple regions, which in turn increases the prospect of further restrictions and restrictions on economic activity. “

“Nice Monday”

As mainland Europe struggles with a spike in cases, the UK is further easing lockdown measures from today after lifting its roadmap on June 21 to lift all restrictions on social contact.

Dubbed “Happy Monday” in the UK media, Brits can now gather outdoors in groups of up to six and team sports can begin again. The “stay at home” rule has also ended, but the government advises caution, saying that people should continue to work from home whenever possible.

Travel abroad is still prohibited unless there is a substantial reason and a fine of £ 5,000 (US $ 6,887) has been imposed on anyone attempting to vacation abroad. The government plans to announce later this week – ahead of schedule – how international travel is expected to resume.

Swimmers jump into the water at Hillingdon Lido in west London as England’s third Covid-19 lockdown restrictions ease, allowing outdoor sports facilities to open on March 29, 2021.

ADRIAN DENNIS | AFP | Getty Images

Non-essential shops, hairdressers, beauty salons, and outdoor drinking and eating in pubs and restaurants will all be allowed on April 12, providing much-needed relief for the British after a year of lockdowns and coronavirus losses. The country has reported over 4.3 million coronavirus cases and over 126,000 deaths.

A bright spot in the country’s pandemic experience was the introduction of vaccinations, which began in earnest in December. It was the first country to introduce coronavirus vaccines en masse. To date, 57% of the country’s adults had received a first dose of a coronavirus vaccineThat means 30 million adults have now had their first shot.

Britain’s bold vaccination program has been praised for its speed and agility, but has been criticized on the continent where the introduction of gunfire has been slower.

Drug maker AstraZeneca was in the line of fire for delaying vaccine supplies to the block. However, so far the EU has stopped preventing vaccine exports to the UK and both sides have pledged to work together to resolve a dispute over vaccine supplies.

Khloe Kardashian: Figuring out eases my nervousness | Leisure

Khloe Kardashian says exercise relieves her anxiety.

The 36-year-old reality star has shown that her favorite form of “self-care” is going to the gym. Feeling “strong and accomplished” helps her resolve problems she may face relating to her mental health.

She said, “For me, exercising is a big part of my life and it clears my mind. I feel strong and accomplished. That little bit of self-care is what I need.

“It’s a stress reliever. I get scared sometimes. It all takes it away. A by-product of [working out] do you look good but my main focus is not on “oh, i need to lose 5 pounds”. I don’t care about the scales. I feel energized and ready to chase my daughter [True] around for the day. It gives you the little swing that I need. “

Khloe also spoke about working from home amid the COVID-19 pandemic, as she said she should use a dedicated office for her Zoom meetings in place of her bedroom as it makes her more productive.

She added, “When I do Zoom meetings, I go to a ‘professional’ room and don’t just sit on my bed. I have to remind myself, ‘Let’s put some makeup on, change the scenery and so zooming in on my office it still feels like you have those productive meetings.

“I had a three hour zoom the other day and I felt so bad because it can be so repetitive and unmotivating at times. So we have to learn. I make sure I have time for my daughter and myself, whether it works or a little walk. “

The “Keeping Up with the Kardashians” star has lived in “sweat and workout clothes” amid the pandemic but said her fashion brand Good American’s recently released denim collection, inspired by the ’90s, helped her love it to revive jeans.

She told People magazine, “During the pandemic, thinking about putting on super skinny jeans wasn’t something I was looking forward to. It’s probably sad to say, but I really didn’t wear a dress or anything that was in about a year is really down. That gives me an excuse to wear jeans and still be super comfortable. “

Khloe Kardashian: Understanding eases my nervousness | Leisure

Khloe Kardashian says exercise relieves her anxiety.

The 36-year-old reality star has shown that her favorite form of “self-care” is going to the gym. Feeling “strong and accomplished” helps her resolve problems she may face relating to her mental health.

She said, “For me, exercising is a big part of my life and it clears my mind. I feel strong and accomplished. That little bit of self-care is what I need.

“It’s a stress reliever. I get scared sometimes. It all takes it away. A by-product of [working out] do you look good but my main focus is not on “oh, i need to lose 5 pounds”. I don’t care about the scales. I feel energized and ready to chase my daughter [True] around for the day. It gives you the little swing that I need. “

Khloe also spoke about working from home amid the COVID-19 pandemic, as she said she should use a dedicated office for her Zoom meetings in place of her bedroom as it makes her more productive.

She added, “When I do Zoom meetings, I go to a ‘professional’ room and don’t just sit on my bed. I have to remind myself, ‘Let’s put some makeup on, change the scenery and so zooming in on my office it still feels like you have those productive meetings.

“I had a three hour zoom the other day and I felt so bad because it can be so repetitive and unmotivating at times. So we have to learn. I make sure I have time for my daughter and myself, whether it works or a little walk. “

The “Keeping Up with the Kardashians” star has lived in “sweat and workout clothes” amid the pandemic but said her fashion brand Good American’s recently released denim collection, inspired by the ’90s, helped her love it to revive jeans.

She told People magazine, “During the pandemic, thinking about putting on super skinny jeans wasn’t something I was looking forward to. It’s probably sad to say, but I really didn’t wear a dress or anything that was in about a year is really down. That gives me an excuse to wear jeans and still be super comfortable. “

Shock Squad eases cash worries of single Gilbert mother battling well being problem | 3TV’s Shock Squad

PHOENIX (3TV / CBS 5) – Brandy is a single mom of three who works in the healthcare sector helping keep people healthy during the pandemic. But now she’s the one with a health condition, and her big sister and brother-in-law wanted to do something for her, so they reached out to the Arizona Family Surprise Squad.

“She’s had a tough time last year,” said her brother-in-law, Dave. “She was diagnosed with adenomyosis.” It’s a condition that requires Brandy to have a hysterectomy. Dave says she is a strong personality and no matter what he thinks she will take this challenge and be better than before.

“It’s just very important to us. And so it was an emotional ride for all of us. “

The surprise team followed Dave and his wife Andrea to the family practice where Brandy works. Andrea had told Brandy she was there to drop off some hair products and Brandy had no idea what she was up to.

“Surprise,” said 3TV’s Olivia Fierro when Brandy walked outside. “We’re the Arizona Family Surprise Squad.” Fierro invited Brandy to share her story.

“I’m always exhausted and tired trying to take care of children and work around the clock,” explained Brandy. “And it just got to the point where I am like this, oh my god. I’m in bed at 7:30 a.m., 7:00 a.m. sometimes because I’m just so exhausted. “

“What you really have on your side are people who love and support you,” said Fierro.

“If I didn’t have her, I honestly don’t know where I would be,” Brandy agreed.

“We love to be part of anything that makes you feel loved and supported while you go through a lot,” said Fierro, handing her an envelope. Inside was a note stating that the surprise team would pay for $ 500 worth of meal sets to help Brandy while she recovered from the surgery. And the surprises weren’t over yet.

“Because you need to relax and unwind,” continued Fierro. “We have two nights for you at the JD Marriott Scottsdale Camelback Inn Resort and Spa. Enjoy dinner at Rita’s Cantina & Bar and just relax.”

Fierro and the Surprise Squad had one more surprise in store for brandy. “We’re thrilled to make this $ 3,500 courtesy of the Arizona Family Surprise Squad and Valley Toyota Dealers available to you.”

“Oh my god,” gasped Brandy. “Thank you guys. I really appreciate that. If I could hug you I would. I know you shouldn’t hug anything during COVID, but I really appreciate it. “

“You can hug your family,” smiled Fierro. “We’ll let you do this part. They love you so much. “

“Surprise,” said Dave as he and his wife hugged Brandy.

If you’d like to help with the catering service that Dave and Andrea set up for Brandy while she recovers from surgery, click Here.

Copyright 2021 KPHO / KTVK (KPHO Broadcasting Corporation). All rights reserved.

NJ eases COVID-19 restrictions for sports activities, leisure

PHILADELPHIA (KYW Newsradio) — New Jersey Gov. Phil Murphy is loosening the state’s COVID-19 restrictions a bit to allow a limited number of fans at sports and entertainment events.

Speaking on WFAN Radio in New York, Murphy said that some fans would be permitted inside larger arenas, effective next week Monday.

“For any venue that has 5,000 or more capacity, whether it’s indoor sports or indoor entertainment, we’re going to allow 10% of capacity for folks to attend,” he said.

Murphy said outdoor venues can have spectators up to 15% capacity. He said people would have to follow familiar COVID-19 rules.

“Everybody’s gotta do the stuff that we’re all used to these days: face coverings, social distancing,” he said.

“If you buy your tickets together, you can sit together, but otherwise we gotta stay away from each other.”

Murphy also announced that, effective immediately, parents of college athletes would be able to watch their children compete, similar to the announcement he made last week regarding high schools.

NEW:
☑️Effective immediately, indoor & outdoor collegiate sports practices & competitions may allow 2 parents/guardians per participating athlete as spectators – as long as these numbers don’t exceed 35% of the indoor room’s capacity & social distancing can be maintained outdoors

— Governor Phil Murphy (@GovMurphy) February 22, 2021

The governor said he was able to relax the restrictions because a number of coronavirus metrics have been trending downwards, including hospitalizations and case counts.

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