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A large decline in the number of trips of foreign ships for cruises on the Croatian Adriatic

first_imgSource: CBS In the first eight months of 2020, the number of trips of foreign cruise ships decreased by 95,5% and the number of days spent by ships on the Croatian Adriatic by 91,1% compared to the same period in 2019. The number of passengers on these ships compared to the same period In 2019, it is lower by 99,5%. In the period from January to August 2020, 9 foreign cruise ships entered Croatian seaports, which made 21 cruises. There were 3 passengers on these ships, who stayed in Croatia for 983 days. In the first eight months of 2020, 21 cruises of foreign ships were realized Measures introduced to prevent the further spread of the COVID-19 pandemic have had a direct impact on reducing the number of foreign cruise ships in Croatian seaports.center_img In the period from January to August 2020, the number of foreign cruise ships in Croatian seaports decreased by 84,5% compared to the same period in 2019, according to data from the Central Bureau of Statistics (CBS). Out of a total of 21 round trips, 81,0% of trips were realized in Dubrovnik-Neretva County, while the remaining 19,0% of trips were realized in Istria County. Photo: Pixabay.comlast_img read more

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Letters to the Editor for Thursday, Dec. 19

first_imgCounty voters should remember pay hikesAt a special meeting of Schenectady County Legislature on Dec. 4, the following raises for county clerk, county sheriff, and county legislators were on the agenda for approval:The just-adopted 2020 budget listed a salary of $93,989 for the county clerk (the daughter of the current county legislative chair). The ink is barely dry on the budget, but that salary is now being increased to $98,000. The county clerk also “shall be eligible to receive management longevity payments.” For the sheriff, the just-adopted 2020 budget listed a salary of $99,379 for the sheriff (the son of the previous county legislative chair). That is now being increased to $112,500. The sheriff also “shall be eligible to receive the longevity rates and supervisor differential – the special rates of pay as established in article 6, and holiday payment.”And lastly, effective in 2021, legislator pay will increase from $14,093 to $19,000, a raise of 35%. Of further note: These actions are timed just after the election. Isn’t that interesting? Voters hopefully will remember this, but those in power right now are betting that they won’t.Jim MartinGlenville Categories: Letters to the Editor, OpinionCounties can offset education expensesThe Dec. 10 article “Regents seek rise in school funding” indicated the state Educational Conference Board supports the Regents’ proposal to increase funding, including expansion of mental health services.I think school districts partnering with county government to administer the Regents “Guidelines and Resources for Social and Emotional Development and Learning in New York State” will enhance a “whole child” approach throughout the community.County government officials’ decision needs to include school districts in the planning and administration of the county Shared Services Initiative to achieve social-emotional learning standards and opportunities for youth.Collaboration among school districts’ guidance counselors, supportive health practitioners, county Youth Bureau social workers and county mental health counselors can enhance resources for students.The coordination of social, emotional and mental health resources and services on school grounds and in community settings while sustaining net budgetary savings will qualify for Local Government Efficiency Program matching funds.In addition, application to the Capital Region Economic Development Council for consolidated funding from the state Dormitory Authority and the New York State Energy Research and Development Authority (NYSERDA) can finance construction of energy efficient facilities, such as 21st Century community learning centers.Of course, coordinated approaches to problem-solving of social harassment, drug dealing and gun violence will promote the general welfare, and secure the blessings of liberty to ourselves and our children/grandchildren.Michael McGlynnWatervliet Exercise doesn’t require a machineIt’s no coincidence that snowblowers are heard in every neighborhood throughout the winter, cars riddle our streets all year long and “going to the gym” is our “workout.”The fact that we’ve invited conveyances and conveniences into every aspect of our daily lives, to the extent that we now need to make time to exercise, is laughable.If the bulk of us started using our bodies for what they are made to do, move and work, we would quickly improve our personal and community health and our neighborhoods would smell better.Consider this before buying a new car, gadget or gizmo for your loved one.Ian KlepetarSaratoga Springscenter_img Business owner has earned RPI degreeThe Dec. 13 story about the success and generosity of Anthony Constantino and his Amsterdam company, Sticker Mule, is certainly “note”-worthy.It would be a wise and generous gesture for RPI to bestow a degree on this smart and ambitious young man, even though he was one class short of graduation before leaving to help his family’s business.He is a credit to himself, employees and family. It seems those RPI economics courses played a part.Leslie SittnerBallston SpaMore from The Daily Gazette:EDITORIAL: Urgent: Today is the last day to complete the censusFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motoristsGov. Andrew Cuomo’s press conference for Sunday, Oct. 18EDITORIAL: Find a way to get family members into nursing homeslast_img read more

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Letters to the Editor for Sunday, Jan. 26

first_imgCategories: Letters to the Editor, OpinionProhibition disaster continues with potRegarding the Jan. 19 opinion column, “Is marijuana the next Prohibition battle?” I’m surprised it took so long for two college professors to question the federal government’s hypocrisy.For 83 years now, powerful politicians have refused to end our costly, unjustifiable war against female cannabis flowers.  In discussing alcohol Prohibition’s repeal in 1933, Donald Boudreaux and Adam Pritchard made their own “important omission,” that of the major role played afterward by one mean federal bureaucrat  named Harry Anslinger.In 1937, Anslinger cemented his reputation as a purveyor of nonsense regarding female cannabis flowers at a committee hearing in the U.S. Congress. Citing biased newspaper articles as evidence, he testified that “marijuana is the most violence-causing drug in the history of mankind.”Basically, the same Puritanical fervor that resulted in a constitutional ban of alcoholic products later emboldened Anslinger, the first federal drug czar, to arbitrarily impose anti-“marihuana” spending on the states. (That’s been the legal spelling all these decades.)Today, with more than 30 of 50 states openly defying the federal ban, it is now Senate Majority Leader Mitch McConnell (R-KY) who exercises the power to do nothing but prolong that total waste of our tax dollars.Anslinger must be delighted in his grave by the public policy disaster that he instituted.Lawrence GoodwinMiltonPolice need access  to records for safetyI rarely agree with your left leaning editorial page, but I enjoyed a vacation from that position on January 15. Your stance on the “Green Light” law is entirely correct.Good decisions require the best, accurate information one can gather before making such decisions.Denying the latest, accurate information to law enforcement personnel in any potentially dangerous situation is a disgrace. The first and primary function of government at federal, state and local levels is protection of the citizenry. The “Green Light” law throws that principle in the trash.“Green Light,” bail reform…what’s next? Voters, wake up.New York state is one of the  50 United States of America, a constitutional federal republic, and cannot and should not expect to enjoy the benefits of the republic of which it is part while rejecting the responsibilities.As you well know, the assault on your position has already begun. Stand firm.Greg SheyonGlenvilleCivics education vital to future citizenshipThe Jan. 13 Gazette (“Earning the ‘gold standard’”) reported on a recent proposal to the state Board of Regents that would give high school graduates the opportunity to earn a “seal of civic readiness” on their diploma, allowing students to demonstrate their knowledge of social studies and civic participation.Just 24% of eighth-graders who took the National Assessment of Educational Progress civics exam in 2018 were deemed proficient in civics.Preparing and encouraging students to participate in their government and their community are important components of our responsibility to educate our children.Research has proven that students’ community service and experience outside the classroom are critical to their learning and preparation for college, career and life.Teenagers engaged in civics make greater scholastic progress during high school and acquire higher levels of education than their otherwise similar peers.The likelihood of college graduation is 22% higher for students who participated in high school community service to fulfill class requirements.As the Regents consider updating graduation requirements, I urge them to ensure that civic readiness and engagement are included.At Passport for Good, we measure the positive impact of student engagement outside the classroom in participation-in-government classes, honor societies and community service activities in schools across the state. We see firsthand the positive impact such engagement has on students, their schools and communities.New York should adopt measures to ensure students and their parents understand that such engagement is an important part of long-term success and the development of good citizens.Gayle FarmanBethlehemThe writer is founder of Passport for Good.More from The Daily Gazette:Gov. Andrew Cuomo’s press conference for Sunday, Oct. 18EDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censuslast_img read more

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The sequential test: more carrot, less stick

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

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The trials of Mapeley

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Walking the walk

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Morgan Stanley doubles up with P&O

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Chinese planes to bring overseas Wuhan citizens back to virus-hit city

first_imgChina sent two planes to Malaysia and Thailand on Friday to bring “stranded” Hubei province residents back to the virus-stricken city of Wuhan, authorities said.The Xiamen Airlines flights will pick up the Chinese nationals from Kota Kinabalu in Malaysia and the Thai capital Bangkok, according to the Civil Aviation Administration of China (CAAC).There are 117 nationals from Hubei province in Bangkok and 100 in Kota Kinabalu who are “willing to take the chartered flights back to Wuhan as soon as possible”, the CAAC said in a statement. This is in spite of the fact that Wuhan, capital of Hubei province, is the epicentre of a new virus outbreak that is believed to have originated in a market that sold wild animals.The city of 11 million has since experienced an unprecedented lockdown, preventing residents from leaving in a bid to stop the deadly virus from spreading further.The charter flights are expected to arrive in Wuhan at 1200 and 1300 GMT on the same day.”The charter flights adopt the principle of voluntary ticket purchase,” the CAAC added. China’s foreign affairs ministry said earlier on Friday that the country would bring Wuhan residents back from overseas “as soon as possible” due to the “the practical difficulties that Chinese citizens from Hubei, especially Wuhan, have faced overseas”.This comes after a number of airlines announced they were halting or reducing flights to China as the country struggles to contain the spread of a deadly new virus.On Monday, Malaysia banned visitors from Wuhan and its surrounding Hubei province as well.The topic was trending online on Friday, with over 67 million views and 21,000 discussion posts on China’s Twitter-like platform Weibo.”These people probably don’t want to go back (to Wuhan),” said one.Another questioned if residents should be brought back if they were not infected.When asked about the suspension of international flights at a press conference on Thursday, Zhu Tao of the CAAC said authorities were coordinating arrangements to bring travellers home.Hospitals have been overwhelmed in Wuhan. AFP reporters saw long queues, with some patients saying they lined up for two days to see a doctor.As fears of the outbreak have spread overseas, prominent figures in Chinese communities in Italy have warned of episodes of “latent racism” against their compatriots by Italians fearful of catching the virus.China has advised its citizens to postpone trips abroad and cancelled overseas group tours, while several countries including the United States, Germany, Britain and Japan have urged their citizens to avoid travel to China.Topics :last_img read more

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Market players see coronavirus triggering further risk-off moves

first_imgA raft of new coronavirus cases in numerous countries outside China over the weekend has redoubled concern about the ability of the illness to spread, and potential economic impact.South Korea’s Kospi dropped as much as 3.2 percent after the country’s count of cases rose quickly to 763, and the government raised its infectious-disease alert to the highest level. Italy’s government imposed a lockdown on an area of 50,000 people near Milan and took other measures as infections reached 140. Iran reported an eighth death with 43 cases.That’s all on top of the impact on hardest-hit China, where millions of firms face potential collapse if banks don’t act, though China’s top leaders said in a statement after a meeting on Friday that they will exercise more flexibility in monetary and fiscal policy. “With cases of COVID-19 still rising, it is hard to tell when manufacturing will bottom, potentially setting the stage for prolonged weakness,” said Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd. in Singapore. “This means that we’re going to see the juxtaposition of more safe-haven demand.” He added, “this is a safe-haven trade — you’re getting rid of risk in your portfolio.”Moving to neutral“The virus spreading to Italy and Iran is finally spooking some investors on what has mostly been a mostly Asian situation,” said Rick Bensignor, president of Bensignor Investment Strategies. “With the SPX having reversed lower right from its weekly risk level at 3,394 — and a daily negative divergence now in place — I lower our tactical levered long position down to pure neutral. We’re also exiting our long Nikkei trade with a small loss.”Risk aversion“Risk aversion is likely to intensify over the near term given the sharp rise in cases in Korea, Italy and elsewhere,” said Mitul Kotecha, senior emerging markets strategist at TD Securities in Singapore. “Markets are becoming increasingly focused on the risk of more prolonged economic damage than had been previously expected. Supply chains are becoming increasingly exposed, while services and tourism are suffering across many countries.”China weakness“Policymakers are trying to get the economy going again but we think weakness is likely to persist well into the fourth quarter,” said Win Thin, global head of currency strategy at at Brown Brothers Harriman, of China. “Stimulus is in the pipeline but it won’t be enough to totally offset the growing impact of the virus.”Need to see moreWe still need “to see the numbers that can provide a little bit more direction as to where things are going,” Jingyi Pan, market strategist at IG Group, told Bloomberg TV in Singapore. “Some of these high-frequency indicators are perhaps indicating that economic activity hasn’t much resumed yet, so these are the things we have to see coming back online.”Headline risk“We view this as headline risk. Our base case view is that coronavirus continues to represent demand delayed and not demand destroyed,” said Steve Chiavarone, a portfolio manager with Federated Investors.Gold rally“U.S. real rates have plummeted during the virus scare, with 10y TIPS yields — already quite low at just 6.5 basis points above zero on January 17 — are today more than 15 basis points below zero,” and John Velis, FX and macro strategist at BNY Mellon. “Since gold tends to trade inversely to real rates, the rally in gold will probably persist as long as the latter stay under pressure.”Topics : Here’s what strategists and investors are saying about the developments.Normal by July?“More near term panic will weigh on risk, but panic is necessary to increase containment odds. Credit markets appear to recognize that,” said Dennis DeBusschere of Evercore ISI. “EISI’s Survey team asked investors about the impact of the outbreak and the vast majority of respondents see both the risks as understated and expect US Treasury yields were likely to decline by 25 basis points (to about 1.3 percent). 80 percent of investors expect supply chains to return to near-normal by July though.” The survey was published on Feb. 17.Hard to pick bottomlast_img read more

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PREMIUMGarlic, onion import licenses temporarily removed to stabilize soaring prices

first_imgTopics : Facebook Forgot Password ? Log in with your social account Google LOG INDon’t have an account? Register here Linkedin The government has temporarily removed licensing requirements for imports of garlic and bawang Bombay (brown onion) to increase supply and suppress the soaring prices of the two commodities amid a shortage of supply in the domestic market.Trade Minister Agus Suparmanto said that importers would no longer need import permit letters (SPI) from the Trade Ministry and import recommendations for horticulture products (RIPH) from the Agriculture Ministry. The new policy will be effective from March 19 until May 31.With the new policy, Agus expected new garlic and onion imports to enter Indonesia within one to two weeks.”This [decision] aims to relax import policies like RIPH and other [permits] that take a long time to process. Given the current situation, we are simplifying import processes, particularly for commodities with unstable prices,” Agus said in a tel… Indonesia imports onion garlic permits removal fasting-month Idul-Fitri COVID-19last_img read more

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Virgin Australia seeks A$1.4 billion government rescue loan

first_imgRead also: Transportation operators support planned ‘mudik’ ban but expect government support“The support we’ve proposed will be necessary for the industry if this crisis continues indefinitely,” Virgin Australia said in a statement.Qantas Airways Ltd., which has also stopped overseas services, has said any financial help from the government should be given to the industry rather than individual entities. The government has so far given aid to the sector — including Qantas, Virgin and regional airlines — valued at about A$1 billion.According to the Sydney Morning Herald, Qantas has told the Australian government that it, in turn, would expect a A$4.2 billion loan to ensure any industry bailout is proportionate. Qantas’ revenue is about triple that of Virgin.Read also: AirAsia Indonesia suspends all flights starting April 1Virgin Australia is proposing a two- to three-year loan that would convert into equity for the government if not repaid, said a person familiar with the matter, who asked not be identified because the details haven’t been made public.Mathias Cormann, Australia’s finance minister, told ABC Radio on Tuesday that “it’s not our plan to take a stake in an airline” but said the government aimed to have two viable carriers competing with each other after the crisis.Topics : Virgin Australia Holdings Ltd. asked the government for a A$1.4 billion (US$863 million) loan to get through the coronavirus crisis.The airline, which is mostly owned by other foreign carriers, sought the aid as part of a A$5 billion support package it’s seeking for the Australian aviation industry, a spokesman for Virgin Australia said Tuesday.The loss-making airline has furloughed 80 percent of its 10,000 staff and is running only essential services. A bailout would equate to indirect assistance to Virgin Australia’s foreign shareholders: HNA Group Co., Nanshan Group, Etihad and Singapore Airlines Ltd. It’s an ownership structure almost unheard of among modern-day airlines.last_img read more

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Mexico stops brewing Corona beer, deemed non-essential in epidemic

first_img“If the federal government considers it appropriate to issue some clarification confirming beer as an agro-industrial product, at Grupo Modelo we are ready to execute a plan with more than 75% of our staff working from home and at the same time guaranteeing the supply of beer,” the statement said.Grupo Modelo operates 11 breweries in Mexico. Mexico’s Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the coronavirus.The Mexican government this week declared a health emergency and ordered the suspension of non-essential activities.The brewer said in a statement that the suspension will go into place from Sunday. Topics :last_img read more

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‘Italy’s youngest COVID-19 patient’ recovers from virus: media

first_imgTopics : Italy has officially attributed 17,669 deaths to COVID-19, more than any other country.The government is now weighing how and when to ease social distancing measures that have helped see daily death tolls slowly come down from a high of 969 last month. A two-month-old baby who was believed to have been Italy’s youngest COVID-19 patient has been released from hospital after overcoming the disease, media reports said Thursday.The baby was no longer running a temperature or fever and was released with her mother, who has recovered from a bout of pneumonia, the reports said.The two were hospitalized in the southern city of Bari on March 18.last_img read more

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Greater Surabaya extends social restrictions until May 25

first_imgWindhu, who leads a team of experts tasked with measuring the PSBB effectiveness in flattening the curve, also said recent research showed the SARS-CoV-2 virus infectious period lasted more than 14 days.”The virus becomes infectious a few days before one shows symptoms up until a few days after the symptoms disappear. Experts have concluded that the virus infectious period is between 21 and 25 days in length,” he said, adding that a 14-day PSBB was not enough.As of Saturday, Surabaya and Sidoarjo saw another jump in the number of confirmed COVID-19 cases with 75 and 18 new cases, respectively, bringing the tally to 667 and 170 cases.On the 12th day of the first period of PSBB, which began on April 28, Greater Surabaya saw an increase in confirmed cases of 72 percent, to 874 from 508, accounting for 62.03 percent of the province’s total of 1,409 confirmed cases.Surabaya administration secretary Hendro Gunawan said the administration would intensify security patrols in the city to make sure that people adhered to the health protocols.He said a night curfew would be enforced in a stricter way in the city and physical-distancing rules would be implemented in all markets.Read also: Surabaya, Bali step up fight against COVID-19Acting Sidoarjo regent Nur Ahmad Syaifudin said the administration agreed to extend the PSBB as COVID-19 had continued spreading widely in the three areas, especially Surabaya and Sidoarjo, which made them the hardest and second-hardest hit regions in the province.”We hope that we can curb the virus spread by the end of the extended PSBB so that we will not have to extend it again,” he said.In the meantime, the East Java administration approved on Saturday Greater Malang’s plan to impose PSBB. Greater Malang consists of Malang city, Batu city and Malang regency.”We have seen the detailed plans of PSBB implementation in Greater Malang. We will shortly send a letter to the Health Ministry to ask for the permit for Greater Malang’s PSBB,” Khofifah said.Based on three indicators ‒ the infection rate, the emergence of local transmission and the fatality rate ‒ measured by epidemiologists, Greater Malang was eligible for PSBB, she said.”Greater Malang has scored 10 in a 1-to-10 scale measured by a team of epidemiologists,” Khofifah said.With a population of less than 1 million, Malang city, located around 100 kilometers to the south of Surabaya, is one of the first regions in the country to impose PSBB as a response to the emergence of COVID-19 infections in early March.Malang Mayor Sutiaji even announced a lockdown policy on March 16, which he annulled a day later.Read also: East Java girl, 11, becomes youngest COVID-19 fatality in IndonesiaOn Saturday, Sutiaji welcomed the agreement among Greater Malang administrations, as well as the governor’s approval to submit a PSBB proposal to the Health Ministry.”It is our second PSBB proposal, but this time we’re proposing it along with Batu city and Malang regency,” Sutiaji said.As of Saturday, there were 71 confirmed COVID-19 cases in Greater Malang. Twenty-two of which were in Malang city. Malang regency, with a population of around 2.5 million has seen 44 cases.Batu city, with fewer than 250,000 residents, has seen five confirmed cases.Batu Mayor Dewanti Rumpoko said the city agreed to impose PSBB together with Malang regency and Malang city given their proximity, despite the city’s small number of cases. (nkn)Topics : East Java Governor Khofifah Indar Parawansa has decided to extend the large-scale social restrictions (PSBB) in Greater Surabaya for another 14-day period up until May 25, vowing to enforce restriction rules in a repressive approach if necessary.Greater Surabaya consists of Surabaya and its satellite regencies, namely Sidoarjo and Gresik.”People’s obedience and discipline toward the PSBB rules are the main key factor to the success of PSBB in curbing the COVID-19 spread,” she told reporters on Saturday after meeting with Surabaya Mayor Tri Rismaharini, Sidoarjo acting regent Nur Ahmad Saifuddin, and Gresik deputy regent Mohammad Qosim who together agreed to the extension. Khofifah said her administration would impose strict punishments on those violating health protocols during the pandemic, including wearing face masks and social distancing.Separately, epidemiologist Windhu Purnomo from Airlangga University’s school of public health said on Friday that the implementation of the PSBB in Greater Surabaya had failed to flatten the COVID-19 curve in the said areas as the residents lacked discipline in implementing the health protocols.”We have seen a fake PSBB in Surabaya. We call it fake because we can hardly see any difference between daily life in Surabaya before and after the PSBB was put into effect,” he said.Read also: PSBB fails to flatten COVID-19 curve in East Java: Task forcelast_img read more

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New Zealand PM unruffled as quake hits mid-interview

first_imgNew Zealand lies on the Pacific Basin “Ring of Fire”, where tectonic plates collide generating more than 15,000 earthquakes a year, although only 100–150 are strong enough to be felt.A shallow 6.3 quake in the South Island city of Christchurch killed 185 people in 2011, while a 7.8 shake slightly further north in 2016 was the second strongest ever recorded in the country.Ardern canvassed the prospect of a major quake as New Zealand entered a seven-week COVID-19 lockdown in late March, saying it was always a possibility.”In my mind constantly, as the prime minister of the ‘Shaky Isles’, is — no matter what’s going on in our lives — we must always be prepared for that,” she told reporters.The country’s official GeoNet seismic monitoring service put the strength of Monday’s quake at 5.8 and said there were around 40 aftershocks.”Felt as a long, strong shake in Wellington. That was not very much fun,” one Twitter user wrote.Another person reported “quite the shake in Wairarapa”, east of Palmerston North.”I hope everyone else is OK,” he said on Twitter.Topics : But there was sustained shaking in Wellington, where Ardern was being interviewed on breakfast television from parliament’s Beehive building, which is designed to absorb seismic forces by swaying slightly on its foundations.Why am I not surprised that Jacinda Ardern casually takes an earthquake interrupting her interview in her stridepic.twitter.com/mq4h6LuTfC— 🇳🇿 • eloise • 🇫🇷 (@reyloise) May 24, 2020″We’re just having a bit of an earthquake here, Ryan,” Ardern told Auckland-based AM Show presenter Ryan Bridge, briefly looking concerned as she scanned the room around her.”Quite a decent shake here, if you see things moving behind me,” she said, smiling, as she quickly regained her poise and continued the interview.”It’s just stopped,” she said. “We’re fine, I’m not under any hanging lights, I look like I’m in a structurally sound place.” A moderate 5.6-magnitude earthquake rattled New Zealand’s North Island early Monday but failed to crack Prime Minister Jacinda Ardern’s trademark composure as she conducted a live television interview.The quake struck just off the coast before 8:00 am local time (2000 Sunday GMT) at a depth of about 52 kilometres (32 miles) near Levin, about 90 kilometres north of Wellington, the US Geological Survey said.St John Ambulance and New Zealand Police both said there were no initial reports of injuries or damage. There was no tsunami warning.last_img read more

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Daewoong Pharmaceutical says anti-parasitic drug effective against coronavirus in animal tests

first_imgThree other companies around the world are testing niclosamide as a coronavirus treatment, but Daewoong is the only one that offers the drug in a form that is not given orally, the company official told Reuters.The company tested the drug on ferrets for around three months.”Based on the positive outcome of the animal test, we plan to complete human trials and get approval of the COVID-19 treatment drug by the end of this year,” said Jeon Seng-ho, CEO of Daewoong Pharma.There is no treatment for COVID-19 and human trials of several other antiviral drugs have not shown conclusive benefits.Shares in Daewoong Pharma jumped 48.2% in three trading days after last week’s announcement, as of Tuesday. Topics : South Korea’s Daewoong Pharmaceutical said its anti-parasitic drug niclosamide had eliminated the novel coronavirus from animals’ lungs during testing.Drugmakers worldwide are rushing to develop treatments for the illness caused by the new coronavirus, which has killed more than 400,000 globally since it first emerged late last year in China.Daewoong said its experimental anti-viral drug completely cleared up the disease in ferrets’ lung tissues and inhibited inflammation. The company plans to start human clinical trials in July.last_img read more

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