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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Lloyd’s, Parsyl to Insure Emerging Market COVID-19 Vaccine Rollout December 15, 2020
LONDON, Dec 15 Lloyd’s of London and insurtech firm Parsyl have launched a program to insure the distribution of COVID-19 vaccines in emerging markets as drugmakers race to address the biggest global logistical challenge since the Second World War.
The Global Health Risk Facility (GHRF), made up of 14 insurers and reinsurers, has been set up to address the challenges of transporting temperature-sensitive vaccines, and will be supported by $26.7 million in funding from the U.S International Development Finance Corp., the companies said on Tuesday.
The DFC loan will be used to capitalize a new public-private Lloyd’s syndicate, which will start operating in January, and allow the GHRF to offer cost-effective insurance policies for shipments of vaccines and medical products to developing countries.
Indonesia will need to step out of the shadows of neighboring Malaysia’s 1MDB scandal to convince investors that its new wealth fund won’t fall prey to corruption.
Nusantara Investment Authority will take lessons from other sovereign wealth funds and adopt a framework based on independence, transparency and accountability, said Isa Rachmatarwata, the finance ministry’s director general of state assets. It needs to assure potential investors that governance protocols are airtight when it starts operations in the second half of 2021, as the fallout from the 1MDB scandal has heightened scrutiny on emerging-market wealth funds.
“The region has had a bad name after 1MDB and people will think of that how a similarly well-intended fund can go so wrong,” said Bank of America Securities economist Mohamed Faiz Nagutha. While Indonesia’s fund has attracted $6 billion of pledges from the Japan Bank for International Cooperation and the U.S. International Development Finance Corp.
NYC Sees Post-Holiday Closing; Colorado Toll Rises: Virus Update Bloomberg 12/15/2020 Bloomberg News
(Bloomberg) Moderna Inc.’s vaccine was deemed safe by U.S. regulators, clearing the way for a second shot to quickly gain emergency authorization. In Europe, regulators will review Pfizer Inc.’s vaccine earlier than planned amid growing pressure to approve it quickly.
British authorities will hold talks on Christmas coronavirus rules after a surge in infections fueled demands from medical experts to stop households socializing over the holiday. Denmark is extending local lockdowns to the entire country, while Italy’s prime minister is mulling further curbs to slow cases during the festive season.
NYC Sees Post-Holiday Closing; Colorado Toll Rises: Virus Update Bloomberg 12/15/2020 Bloomberg News
(Bloomberg) Moderna Inc.’s vaccine was deemed safe by U.S. regulators, clearing the way for a second shot to quickly gain emergency authorization. In Europe, regulators will review Pfizer Inc.’s vaccine earlier than planned amid growing pressure to approve it quickly.
British authorities will hold talks on Christmas coronavirus rules after a surge in infections fueled demands from medical experts to stop households socializing over the holiday. Denmark is extending local lockdowns to the entire country, while Italy’s prime minister is mulling further curbs to slow cases during the festive season.