South Korea confirms 219 new coronavirus cases, total 3,150
February 29, 2020, 11:15 am

South Korea confirms 219 new coronavirus cases, total 3,150

In this Feb. 19, 2020 photo, workers wearing protective gears spray disinfectant against the coronavirus in front of a church in Daegu, South Korea. (File photo AP)

South Korea reported 219 new coronavirus cases, bringing the country’s total infections to 3,150, the Korea Centers for Disease Control and Prevention (KCDC) said on Saturday.

The new cases added to the 594 confirmed earlier in the day. Together they logged a record daily increase in infections since South Korea confirmed its first patient on Jan. 20.

More than 90 percent of the new cases were in Daegu, the center of the country’s outbreak, and its neighboring North Gyeongsang province, the Korea Centers for Disease Control and Prevention (KCDC) said in a statement.

Three women in the Daegu area died of the illness, taking the national toll to 16, the statement added. One of the victims was aged in her 90s.

The other two tested positive for the coronavirus posthumously, the Yonhap news agency reported.

The national total is expected to rise further with a screening of more than 260,000 people associated with the Shincheonji Church of Jesus, a secretive entity often accused of being a cult that is linked to around half of the country’s cases.

A 61-year-old female member developed a fever on February 10 but attended at least four church services in Daegu -- the country’s fourth-largest city with a population of 2.5 million -- before being diagnosed.

Facing public criticism, a Shincheonji spokesman said the church members were “victims” of the outbreak, calling the backlash a “witch hunt.”

“I ask you to discard hatred and criticism against our members,” said the spokesman in a video posted on the Shincheonji website.

More than 86 percent of South Korea’s coronavirus cases are in Daegu and the neighboring province of North Gyeongsang, according to the KCDC.

Of those who test positive for the virus, 80 percent can be treated with medication because they have “light symptoms”, said vice health minister Kim Gang-lip, adding that the rest would need more advanced treatment in hospitals.

The streets of Daegu have been largely deserted for days, apart from long queues at the few shops with masks for sale.

Authorities have urged the public to exercise caution and anyone with a fever or respiratory symptoms to stay home.

But officials say they are not considering a citywide quarantine similar to the lockdown imposed on the central Chinese city of Wuhan, where the virus first emerged.

A surge in confirmed cases has led many events to be canceled or postponed as the outbreak has hit the world’s 12th-largest economy, including concerts by K-pop superstars BTS and the World Team Table Tennis Championships.

The new school term has been delayed by one week, and the US and South Korean militaries have postponed forthcoming joint exercises.

Auto giant Hyundai Motor also suspended operations at one of its Ulsan plants after an employee tested positive for the coronavirus.

source: AFP

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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.