Connect with us

Headline

Duterte to seek discount from China, Russia on Covid-19 vaccine

Published

on

President Rodrigo Roa Duterte talks to the people after holding a meeting with the Inter-Agency Task Force on the Emerging Infectious Diseases (IATF-EID) core members at the Matina Enclaves in Davao City on August 17, 2020. SIMEON CELI JR./PRESIDENTIAL PHOTO

MANILA – President Rodrigo Duterte will seek for a discount from China and Russia on the coronavirus disease 2019 (Covid-19) vaccines that each of the two countries have developed.

In a public address from Davao City late Monday night, Duterte said the vaccines would not be free, but he was willing to borrow funds to purchase them.

“Remember that this is not for free for after all they did not develop the vaccine without great expense and also the human effort involved. Bibilhin natin ‘yan. (He will purchase them),” Duterte said.

Even if the vaccines were expensive, Duterte said he would find a way to acquire a discount.

“I will ask the — my friend (Russian) President (Vladimir) Putin and (Chinese) President Xi Jinping to give us a credit, parang utang (like a loan), a credit line but we will pay not in one payment but by installments. Basta ang sinasabi ko magbayad tayo. Hindi ito libre (I’m just saying that we’ll pay for it. It’s not free),” he said.

He was hopeful that the two leaders would understand his plight since the Covid-19 pandemic has plunged the global economy into deep contraction.

“As I would always tell them that we are willing and if we are short of money by this time because all of the economy of the world, individual countries, have fallen flat. Lahat ngayon nagkakaroon ng (Every country is experiencing) economic hemorrhage. It is uncontrollable because people cannot really work. They cannot be productive. And so you have a problem at hand,” he said.

Last week, Duterte accepted Russia’s offer to supply the Philippines with a vaccine and even volunteered to be the first person to be injected in the country.

The Philippines will begin Phase 3 of the Russia-funded clinical trials of the Sputnik V vaccine from October 2020 to March 2021.

Phase 3 of clinical trials will be done in the Philippines simultaneously with Russia after a vaccine expert panel review on the results of clinical trials for Phase 1 and Phase 2 is conducted in September.

Registration with the Food and Drug Administration (FDA) can take place in April 2021.

In July, Malacañang thanked China for its commitment to prioritize the Philippines’ request for immediate access to the Covid-19 vaccine it is developing.

Chinese Foreign Ministry spokesperson Wang Wenbin earlier guaranteed that China will prioritize the Philippines, once Beijing becomes successful in developing a Covid-19 vaccine.

The Philippine government is currently in talks with several Covid-19 vaccine developers from the United States, China, and the United Kingdom for the possible purchase, once vaccines become available.

Duterte has repeatedly assured Filipinos that he is ready to utilize all available funds, in the event that a Covid-19 vaccine is developed.

Continue Reading
Click to comment

Leave a Reply

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

Latest

News3 hours ago

PH Crop Insurance Corp. transferred to DA

MANILA – President Ferdinand R. Marcos Jr. has transferred the Philippine Crop Insurance Corp. (PCIC) to the Department of Agriculture (DA)....

News4 hours ago

DA launches ‘CaraWow sa CaraTok’

  MANILA – TikTokers are encouraged to join a video contest featuring carabao’s milk, in preparation for the World Milk Day...

Senator Francis Tolentino Senator Francis Tolentino
News6 hours ago

Proposed nuclear plant in Pangasinan has long-term benefits – senator

MANILA – The proposed Nuclear Power Program in the municipality of Labrador, Pangasinan will not only solve the high cost of...

News6 hours ago

NFA: Let DA intervene in local rice market

MANILA – The Department of Agriculture (DA) can assume the power to intervene in the local rice market if lawmakers have...

Health7 hours ago

DOH launches cervical cancer screening services in Metro Manila

MANILA – The Department of Health – Metro Manila Center for Health Development (DOH-MMCHD) on Friday launched cervical cancer screening services...

Canada News20 hours ago

Nunavik residents say water system can’t meet growing demand

By Rachel Watts · CBC News  Communities in northern Quebec region rely on trucks to provide water Dr. Sarah Bergeron is used...

Canada News20 hours ago

Indigenous leaders adopt declaration condemning identity theft

By Brett Forester · CBC News  Delegates also adopt resolution denouncing disputed Inuit identity claims of NunatuKavut in Labrador First Nations, Inuit...

Philippine and Japanese flag Philippine and Japanese flag
News1 day ago

Japan commits P121-M scholarships for young Filipino civil servants

MANILA – The Japanese government has earmarked PHP121 million to finance postgraduate scholarships of young Filipino civil servants as part...

News1 day ago

PBBM eyes infra projects in Ilocos Region to boost tourism

MANILA – President Ferdinand R. Marcos Jr. on Friday said major infrastructure projects in the Ilocos Region are underway not...

Joe Biden Joe Biden
Headline1 day ago

US Justice Dep’t moves to reclassify marijuana as ‘lower-risk’ drug

HOUSTON – The US Justice Department announced Thursday that it is moving to reclassify marijuana as a “lower-risk” drug. Formalizing...

WordPress Ads