KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.
Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement. Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.
Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.
"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
Oil price rose on a sustained burst of optimism that the distribution of the vaccines to treat covid-19 will enable a thorough recovery of oil demand. Oil demand is crucial to oil stock price and it is expected that oil and energy stock prices will soar in the near future. Knm will hit the target price 50 cents by end of this year.
Oil rallied as covid-19 vaccine was 90% effective in protecting against coronavirus and the expectation that OPEC+ will extend their production cut for another 3 to 6 months. Positive sentiment will stimulate Knm share price soar to the sky.
Oil prices surged on potential for a highly effective Covid 19 vaccine and positive sentiment on global growth. Budget 2021 voting is likely to pass and bullish mood on oil stocks, Knm is likely to hit the target price 50 cents by end of this year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jjkcl
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Posted by Jjkcl > 2020-11-19 18:36 | Report Abuse
Esos, pp, not good forward.