Connect with us

Hi, what are you looking for?

Economy

Ayala Corp. to donate P120M worth of  COVID-19 vaccines from AstraZeneca

MORE THAN P120 million worth of vaccines for the coronavirus disease 2019 (COVID-19) will be donated by Ayala Corp. to the government for its mass immunization program, an official of the listed company said on Monday.

Fernando Zobel De Ayala, incoming chief executive of Ayala Corp., said in a press briefing that the vaccines had been ordered by the private sector.

“We have decided to order 450,000 vaccines of AstraZeneca, so the total donation that we will be giving to the government is P120 million. Government in turn has requested 50% be given to individuals government selects and 50% be given to the private sector,” he said.

The vaccines cost $5.50 each, he added.

National Task Force Against COVID-19 (NTF) Chief Implementer Carlito G. Galvez Jr., NTF Deputy Chief Implementer Vivencio B. Dizon, and Presidential Adviser for Entrepreneurship Jose Ma. A. Concepcion III also assisted in the procurement process from UK firm AstraZeneca plc.

Mr. Zobel said the private sector would also help in the distribution of the vaccines from various producers to the public. The Task Force T3 (Test, Trace and Treat) will help in coming up with solutions on how to handle each of the vaccines’ needed conditions for distribution.

“This is a critical component and each of the vaccines… have their own peculiar requirements for distribution,” he said.

More than 24 million Filipinos will be prioritized for the first round of free COVID-19 vaccination by the government, with the indigent population as the top priority followed by healthcare workers, senior citizens, and uniformed personnel.

The government aims to vaccinate 60% to 70% of the total population in the next three years in order to reach “herd immunity” or protect the population against the virus. — Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Unemployment rate steadied in June, while job quality improved to its best in over a year, the Philippine Statistics Authority reported on Monday. Preliminary...

Economy

Follow us on Spotify BusinessWorld B-Side By Patricia B. Mirasol, Reporter speaking to Bernardo M. Villegas WITH EVERY CHANGE of administration comes the question of...

Economy

Click to enlarge. Click to enlarge.   Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience...

Economy

As the Aboitiz Group embarks on a Great Transformation towards becoming the first “techglomerate” in the country by 2025, the company’s power arm is...

Economy

Security Bank Corporation (PSE: SECB), one of the Philippines’ leading universal banks, has been serving retail, corporate, institutional, and MSME clients since it opened...

Economy

By Lourdes O. Pilar, Researcher THE Philippine economy likely grew at a slower pace in the second quarter as surging inflation may have affected...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Investing

Instagram still holds the top spot for social media in terms of building brand reputation and expanding business potential. Every day, more and more...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.