Philippines reports 52 new cases of South African variant
March 5, 2021, 11:12 am

Philippines reports 52 new cases of South African variant

laboratory technician wearing protective equipment works on the genome sequencing of the SARS-CoV-2 virus (Covid-19) and its variants at the Centre National de Reference (CNR - National Reference Centre) of respiratory infections viruses of the Pasteur Institute in Paris. (File photo: AFP)

The Philippines has recorded 52 more cases of a highly contagious coronavirus variant first identified in South Africa, the health ministry said on Friday, presenting new challenges for a country battling one of Asia’s worst outbreaks.

Out of the new cases of the variant, known as B.1.351, the health ministry said 41 were detected in Manila, while the origin of the others was still being verified. The Philippines first reported six cases of the variant on Tuesday.

The Southeast Asian country started its inoculation drive on Monday, but health experts worry the discovery of new variants could complicate its effort.

Health authorities also reported on Friday 31 more infections of a variant first identified in Britain, raising the total to 118.

In addition to the two variants, the health ministry said it had detected 42 more cases of “mutations of potential clinical significance” in samples collected from Filipinos returning from overseas and residents in Manila and the central Philippines.

The Philippines’ health ministry on Friday reported 3,045 new COVID-19 cases, the highest daily increase in more than four months.

President Rodrigo Duterte on Thursday vouched for the safety of COVID-19 shots as he appealed to the public to get vaccinated as soon as possible, saying this was key to reopening an economy that posted its sharpest contraction in 2020.

The Philippines stock of 600,000 vaccines made by China’s Sinovac Biotech got a boost with the arrival on Thursday of more than 480,000 doses of the AstraZeneca vaccine secured through the COVAX facility.

The Philippines has been slower than some neighbors rolling out vaccines after supply shortages hobbled government efforts to secure millions of doses to inoculate 70 million of its 108 million people this year in a bid to achieve herd immunity.

source: Reuters

Image source: AFP

Levant

Westminster warned as poll shows record backing for Welsh independence World no closer to answer on COVID origins despite WHO’s China visit, says expert

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.