Tag: Capital

  • BREAKING: Benue State Confirms First Case Of Coronavirus

    BREAKING: Benue State Confirms First Case Of Coronavirus

    BREAKING: Benue State Confirms First Case Of Coronavirus 1

    BREAKING: Benue State Confirms First Case Of Coronavirus 2


     

    Benue State has recorded its first case of Coronavirus.

    This was announced by the state governor, Samuel Ortom, during a media briefing in Makurdi, the capital, on Saturday.

    According to Ortom, the case is a recent returnee from the United Kingdom.

    The state recently opened two isolation centres at the University Teaching Hospital and Federal Medical Centre Apir.

    With this development, Nigeria now has 82 confirmed cases of Coronavirus and one recorded death.

     

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  • EXCLUSIVE: Two Nurses, One Doctor Infected With Coronavirus In Abuja Hospital

    EXCLUSIVE: Two Nurses, One Doctor Infected With Coronavirus In Abuja Hospital

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    EXCLUSIVE: Two Nurses, One Doctor Infected With Coronavirus In Abuja Hospital 4


    Two nurses and a doctor have been confirmed to have tested positive for Coronavirus at a hospital in Abuja, Nigeria’s capital. 

    The health workers, who are staff of a government hospital in Abuja, were part of medical personnel that attended to an infected person brought into the hospital.

    A senior medical worker at the hospital told SaharaReporters that, “The patient was rushed to the hospital and as our job demands, we have to save life first and that was what we did.

    “The person was attended to and stabilised by the medical team.

    “A test was soon conducted and the result came out positive.

    “The hospital thereafter asked all those who attended to the patient to undergo tests to determine their status and at the end of the day, the three tested positive for the virus. 

    “They are currently in isolation at the Gwagwalada Specialist Hospital.” 

    Speaking further, the senior health worker lamented the lack of quality Personal Protective Equipment for them, adding that government must invest in the protection of health workers at the frontline of the battle against the virus.

    He said, “The unfortunate thing is that the government is not providing us with what to work with. It is sad that our PPE are not up to the world standard and can be penetrated by viruses.

    “Some of us (health workers) have to use our personal funds to purchase gloves as we do not trust the ones government supplied.

    “Nigerians should please remember us in their prayers and government should provide us with what we really need to work.”

    Nigeria currently has 81 confirmed cases of Coronavirus and one recorded death. 

    According to the diplomatic community, infections could rise to more than 10,000 in the coming weeks as there are at least 5,000 persons, who had come in contact with infected persons in Nigeria already.
     

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  • Covid-19: 1,000 homeless people in KL to be placed at three PLKN camps

    Covid-19: 1,000 homeless people in KL to be placed at three PLKN camps

    Covid-19: 1,000 homeless people in KL to be placed at three PLKN camps 5

    KUALA LUMPUR: Some 1,000 homeless people in the capital will be placed at three National Service Training Programme (PLKN) camps during the enforcement of the Movement Control Order (MCO) in the country.

    Kuala Lumpur mayor Datuk Nor Hisham Ahmad Dahlan (pix) said the identified camps are in Kuala Kubu Baru, Semenyih and Sepang.

    “We are aware that they don’t have a place to stay during the implementation of the MCO, that is why we are taking this proactive measure.

    “They will be screened and placed at the respective camps based on their health status and citizenship,” he told Bernama today.

    He said Kuala Lumpur City Hall (DBKL) was currently making necessary preparations before carrying out the plan, to be assisted by the Royal Malaysia Police, National Anti-Drugs Agency and other related agencies.

    The MCO, which began nationwide on March 18 to curb the spread of Covid-19, is effective until April 14. — Bernama

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  • Are ETFs tax-efficient?

    Are ETFs tax-efficient?

    Most ETFs try to track an index, which helps keep capital gains taxes to a minimum. Find out what makes them tax-efficient.
    Are ETFs tax-efficient?
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  • The long view: Planning for financial happiness

    The long view: Planning for financial happiness

    Your financial life is about much more than just your portfolio. It’s also about your “human capital.”
    The long view: Planning for financial happiness
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  • UBA Donates N5bn To Support Coronavirus Fight In Africa

    UBA Donates N5bn To Support Coronavirus Fight In Africa

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    The United Bank for Africa Plc on Thursday announced a donation of N5bn ($14m) through the UBA Foundation to support the fight against Coronavirus.

    The donation will provide significant and much needed support to Nigeria and 19 other African countries by supplying relief materials, critical care facilities, and financial support to governments, according to the bank.

    The donation will be allocated as follows: N1bn to Lagos State Government, N500m to Federal Capital Territory, Abuja, N1bn to the remaining 35 states in Nigeria, N1.5bn to UBA’s presence countries in Africa, N1bn for medical centres with equipment and supplies free telemedicine call centre facility.

    The bank revealed that it will fund a medical centre immediately in Lagos with beds for isolation and ICU facilities, managed and operated in partnership with Heirs Holdings’ healthcare subsidiary, Avon Medical Hospital.

    UBA Group Chairman, Tony Elumelu, said, “This is a time when we must all play our part. This global pandemic must bring citizens, governments and business leaders together – and quickly.

    “As we see a rapidly increasing number of cases of the Coronavirus in Nigeria and Africa, the private sector has to work hand in hand with various governments in stemming the spread of the global pandemic.

    “We commend the efforts of governments and we are keen to partner and contribute our resources to the collective effort that will ensure the response to the pandemic is swift and effective.”

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  • Why do ETFs pay capital gains?

    Why do ETFs pay capital gains?

    Basic primer outlining how and why ETFs may pay capital gains. Article discusses how often ETFs may pay capital gains, where those gains are generated from, and how ETFs are structured.
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  • Coronavirus: Medical Supply Donated By Chinese Billionaire, Jack Ma, Moved To Abuja From Lagos

    Coronavirus: Medical Supply Donated By Chinese Billionaire, Jack Ma, Moved To Abuja From Lagos

    Coronavirus: Medical Supply Donated By Chinese Billionaire, Jack Ma, Moved To Abuja From Lagos 8

    Coronavirus: Medical Supply Donated By Chinese Billionaire, Jack Ma, Moved To Abuja From Lagos 9


     

    The Nigerian Government has moved medical supplies donated by Chinese billionaire, Jack Ma, to combat Coronavirus in the country from Lagos to Abuja.

    However, the decision to move the supplies to Abuja has caused a storm on social media with citizens raising the alarm that the materials were about to be distributed to wealthy government officials in the nation’s capital. 

    Bashir Ahmed, Special Assistant to President Muhammadu Buhari, made the announcement on Wednesday.

    In a post on Twitter, he said, “Medical materials donated by @JackMa to fight #Coronavirus in Africa have arrived Abuja, airlifted from Murtala Mohammed Airport, Lagos, by the Nigerian Air Force.” 

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  • Sultan Nazrin consents to setting up of Special Zakat Distribution Fund

    Sultan Nazrin consents to setting up of Special Zakat Distribution Fund

    Sultan Nazrin consents to setting up of Special Zakat Distribution Fund 10

    IPOH: The Sultan of Perak Sultan Nazrin Shah (pix) has consented to the Special Zakat Distribution Fund, involving RM11.95 million, to ease the burden of the people affected by the Covid-19 outbreak and assist efforts by various quarters in addressing the crisis.

    Perak Islamic Religious and Malay Customs Council (MAIPk) chief executive oficer Shahrul Azam Shaari said the special fund was set up by the council, with the cooperation of several of its strategic partners.

    This special fund, involved RM11.11 million from the zakat allocation, RM30,000 from SP Setia Foundation chairman and RM800,000 in tithe from the corporate sector,“ he said in a statement here today.

    He said Sultan Nazrin consented to the setting up of the fund so that it could be used to help those who are affected by the enforcement of the Movement Control Order (MCO) which has been extended until April 14.

    “Sultan Nazrin is concerned and aware that the Covid-19 pandemic has a direct impact on the lives of the people, especially among those with unstable income and those in the low-income group,“ he added.

    Shahrul said the special fund would cover the cost of the Food Box Aid, involving RM240,000, which would be channeled through the Covid-19 Operations Room under the respective District and Land Offices tin the state.

    He said RM5.8 million would be for the Emergency Survival Assistance, which is targeted for households earning RM2,000 and below whose income were affected due to either termination of employment, unpaid leave or other reasons.

    A total of RM2 million is allocated for Special Capital Assistance to assist MAIPk traders, hawkers and entrepreneurs whose business were affected by the MCO; RM100,000 for management and welfare assistance to Perak students studying abroad and RM100, 000 to provide food supply to students at public and private institutions of higher learning in Perak who are still at their respective colleges, he added.

    Shahrul said a special contribution of RM500,000 would be made to the Perak Health Department, the Royal Malaysia Police, the Malaysian Armed Forces and other agencies for the welfare of their Covid-19 frontline personnel.

    RM1 million is for health and medical equipment to be donated to hospitals in Perak, RM1.5 million for purchase of medical equipment to combat Covid-19, like face masks, gloves and disinfectant to be distributed to mosques, suraus and the general public, and RM710,000 for contingency plan, he added. – Bernama

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  • Private hospitals urged to provide more assistance to govt hospitals

    Private hospitals urged to provide more assistance to govt hospitals

    Private hospitals urged to provide more assistance to govt hospitals 11

    PETALING JAYA: Private hospitals are asked to put profits aside for now and in the name of service, support the Health Ministry in combating the Covid-19 pandemic.

    Federation of Malaysian Consumers Association (Fomca) CEO Datuk Dr Paul Selvaraj said in this time of crisis, private hospitals, especially those run by government-linked companies, should give their utmost to assist the government given that public hospitals are called to treat the rising number of Covid-19 patients.

    “Put service as priority and put aside profits for now,“ he told theSun today.

    Suaram adviser Kua Kia Soong suggested that private hospitals step forward to take some of the burden off the public sector by providing some sort of subsidised charges or no cost at all. They should also help with cases which are not related to the viral pandemic, fill the need for special wards, offer intensive care unit space and equipment such as ventilators and oxygen supply.

    “In the best of times, private hospitals reap the benefits of the much touted Malaysian product known as ‘medical tourism’ and attract the best medical talents from the public sector.

    “Now that we are in the worst of times, private hospitals don’t seem to be doing too badly either.

    “According to the Affin Hwang Capital Research, the coronavirus pandemic is likely to have only a muted impact on private hospital operators as they are required to report such cases to public hospitals and the national infection centre,“ Kua said in a statement today.

    Meanwhile, in response to the many questions broached of late, president of the Association of Private Hospitals Malaysia (APHM) Datuk Dr Kuljit Singh said they (private hospitals) have made available 51 ventilators to the Health Ministry.

    “We will be accepting non Covid-19 cases from the Health Ministry hospitals too. Discussions on taking on cases are in the final stages,“ he said in a statement on Tuesday.

    He also said the APHM and its member hospitals see this as an opportunity for the private hospitals to work with the Health Ministry and the government in facing this national crisis.

    “We have the support of all private hospitals in cancelling electives and reducing non urgent consultation while some private hospitals have even started Covid-19 screening for walk-ins and drive-ins,“ he added.

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