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June vaccine rollout for economic front liners eyed

About 1.5 million economic front liners, composed of workers from private entities, may be inoculated in June, Presidential Adviser on Entrepreneurship Secretary Joey Concepcion said, Tuesday. This, after AstraZeneca has confirmed that the delivery of the first batch of some 1.5 million doses of the said vaccines in the first week of June, which will […] The post June vaccine rollout for economic front liners eyed appeared first on Daily Tribune......»»

Category: lifestyleSource: abscbn abscbnApr 27th, 2021

Less buoyant recovery seen

The country’s road to economic recovery continues to dim as COVID-19 cases remain on the rise and vaccine rollout is being hampered by lack of supply......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2021

Philippines remains in recession in first quarter

The country remained in recession in the first quarter as the resurgence of COVID cases and delayed vaccine rollout prompted the government to reimpose strict lockdowns, essentially putting a lid on economic recovery, top bank economists said......»»

Category: financeSource:  philstarRelated NewsMay 6th, 2021

Government must accelerate vaccine rollout to jumpstart economic recovery – BDO

As government reimposes the enhanced community quarantine in the so-called NCR Plus bubble to slow the spread of COVID-19, the rollout of vaccines must also be accelerated to help jumpstart a laggard economy, a top bank executive said......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2021

3K BHWs, private health workers in Cebu City vaccinated

CEBU CITY, Philippines — More barangay and private health workers in Cebu City have been vaccinated five days after the vaccine roll-out. The Cebu City Health Department (CHD) reported that a total of 3,620 barangay health workers (BHWs), personnel of the CHD, and medical front liners from private clinics have completed their first shot of […] The post 3K BHWs, private health workers in Cebu City vaccinated appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsApr 1st, 2021

‘Vaccine rollout to reduce risks of prolonged pandemic’

An effective mass vaccination program is expected to lessen the economic risks for countries experiencing prolonged effects of the pandemic, the Asian Development Bank said......»»

Category: newsSource:  philstarRelated NewsMar 4th, 2021

Covax details rollout of 238M vaccine doses

Pakistan, Nigeria and Indonesia will be among the biggest recipients of free Covid-19 vaccines before June -- more than 10 million doses each -- the Covax scheme announced Tuesday......»»

Category: newsSource:  thestandardRelated NewsMar 3rd, 2021

Delay in MGCQ shift prompts review of economic goals

“We support his decision and will work hard to rollout the vaccine so that we can further open the economy,” NEDA's Karl Kendrick Chua said......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2021

Fires in a submarine

As unprepared as we appear to have been for 2021, the weeks are going by pretty quickly and we have yet to see real concrete improvements and solid plans for navigating economic recovery, vaccine rollout, and plans of getting lives back to some form of normalcy......»»

Category: financeSource:  philstarRelated NewsFeb 16th, 2021

Gov’t sets inspection of cold storage facilities

For COVID-19 vaccines The government will conduct an inspection starting next week of existing cold storage facilities as it prepares for another tripartite logistics suppliers agreement for an integrated shipment, storage and distribution of COVID-19 vaccines in the country. National Task Force Against COVID-19 Chief Implementer and Vaccine Czar Secretary Carlito Galvez Jr. said this as he assured that inputs from the private logistics providers will be considered in organizing an end-to-end service for the vaccines’ rollout. Presidential Peace Adviser Carlito Galvez Jr., chief implementer of the National Task Force (NTF) on COVID-19 (NTF AGAINST COVID-19 / MANILA BULLETIN) “Next week we will inspect all available cold chain storage. We are coordinating with a consortium so that they will make sure that all vaccines from 2-8-degree celcius to negative 70 will be taken care of,” he said. This developed as the Cold Chain Association of the Philippines (CCAP), told Manila Bulletin that the industry is still awaiting for the government to accept the industry’s offer to play a role in the distribution of COVID-19 vaccine. CCAP is a multi-sectoral group of companies involved in the handling, storage, and distribution of chilled and frozen food, among other products.                Galvez assured that the logistics system for the vaccines will be in coordination with the vaccine suppliers, the cold storage provider and the government. Galvez explained the government has to establish an integrated logistics system for the vaccines to ensure there is no wastage of the new vaccines, which have different storage temperature requirement. “We have seen some reports that we have 30 percent wastage in some areas in Europe. With acute shortage of vaccines we cannot afford wastage,” he stressed. He further said that the cold storage facilities are part of their agreement with vaccine suppliers for an end-to-end service solution. The after sales service is part of this long commitment with the vaccine suppliers and as a requirement under the government’s universal health system. “We will make sure that the vaccine that will be coming here has an integrated coordination with vaccine maker, the local government units and the private sector so that includes after sales service,” he said. Meantime, the Go Negosyo which spearheaded the private sector donation drive “A Dose of Hope” said there are ongoing consultations to help Galvez in coming up with an integrated shipment, storage and distribution system for the vaccines. Presidential Adviser on Entrepreneurship Joey Concepcion said the private sector donors would rather live the logistics aspect to the vaccine supplier Astra-Zeneca Pharmaceuticals and the national government to ensure smooth implementation. Concepcion has secured 17 million doses from the private sector that are expected to inoculate 8 million Filipinos in June-July this year. Meantime, Royal Cargo Inc., one of the country’s leading logistics providers, has expanded its cold storage facility at its Paranaque head office so it can accommodate the different temperature requirements of the various COVID-19 vaccines. Earlier, CCAP President Anthony Dizon said the Philippine government is yet to formally tap the country’s cold chain industry for the handling and distribution of the COVID-19 vaccine in the country.            According to Dizon, the industry, “individually and collectively”, has more than enough capacity to participate in the country’s COVID-19 vaccine distribution program.Right now, he said the cold chain industry’s total cumulative capacity stood at 500,000 pallet containers, while the initial 20 million doses of COVID-19 vaccine will consume only less than 200 pallets.            “Our initial estimate is that even if we are called upon to play a role in the storage of the vaccine, it will constitute a small portion of our capacity,” Dizon said.“The industry is just waiting for the government to approach us,” he added.   In a previous report,. said the government is now in discussion with the private sector regarding the state-led distribution of COVID-19 vaccine.             “I’m thankful to the private sector for throwing their support to us, like what they did when we ramped up our testing capacity,” said Galvez.  On the part of CCAP, however, Dizon said no official dialogue has so far taken place between the organization and the government regarding this matter......»»

Category: newsSource:  mb.com.phRelated NewsJan 17th, 2021

Uncertain economic outlook

The World Bank, true to its conservative approach, is not overly optimistic about the global economic recovery this year, despite the vaccine rollout......»»

Category: lifestyleSource:  abscbnRelated NewsJan 8th, 2021

Business leaders hope for faster vaccine rollout

An “accelerated” or early rollout of vaccines for COVID-19 would boost business confidence and promote economic recovery, business group Management Association of the Philippines said yesterday......»»

Category: newsSource:  philstarRelated NewsDec 14th, 2020

SM Prime income halved in H1 due to impact of pandemic

SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, posted a 46 percent drop in consolidated net income to P10.4 billion in the first half of 2020 from P19.3 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, SM Prime said its consolidated revenue for the first six months of 2020 registered a 23 percent decline to P43.7 billion from P57.0 billion in the first six months of 2019. SM Prime said it continues to innovate and strategize to recover from the unprecedented effects of the pandemic brought about by Coronavirus Disease 2019 (COVID-19) including continuous support in the operations of tenants as well as assistance to various stakeholders across the country. “The first half of 2020 has been one of the most challenging periods we’ve faced as a company. With the government maintaining the implementation of quarantine protocols in most key areas in the Philippines where our businesses are, SM Prime is committed to sustaining its operations while adhering to the strict safety measures implemented by the government and continue providing convenience to our customers,” said SM Prime President Jeffrey C. Lim. SM Prime’s Philippine malls’ rent income dropped by 44 percent to P13.1 billion in the first half of 2020 from last year’s P23.3 billion on the back of lower mall revenue of P14.4 billion, 49 percent lower from P28.1 billion of the same period last year. This is driven primarily by waived rent and rental discounts granted to tenants since the start of the quarantine measures in March, which amounted to P11 billion as of end of June. SM Prime’s residential business, led by SM Development Corporation (SMDC), recorded P23.7 billion revenue in the first half of 2020, 11 percent higher from P21.4 billion in the same period last year. This accounts for 54 percent of the consolidated revenue of the Company. SMDC generated P42.4 billion reservation sales in the first six months of 2020, amidst the quarantine measures. SM Prime’s commercial properties business’ revenue has grown 16 percent to P2.5 billion in the first half of 2020. Operating income registered at PHP2.2 billion, 22 percent higher than P1.8 billion during the first half of the previous year. The offices business of SM Prime has business process outsourcing (BPO) offices as primary tenants, which were allowed by the Philippine’s Inter-Agency Task Force (IATF) to continue its operations throughout the quarantine period. The hotels and convention centers business segment contributed P1 billion to consolidated revenues in the first half of 2020 despite limited operations. Conrad Manila, Park Inn Clark, Park Inn North EDSA and Park Inn Iloilo remained operational to cater to BPO employees and returning overseas Filipino workers/seafarers. The Company’s biggest events center, the Mall of Asia Arena, on the other hand, was converted into Mega Swabbing Facility in partnership with various government agencies to help front- liners as well as returning overseas workers. “The Company is doing its part to help the country to contain the spread of the virus. For our employees and agency workers, we have conducted antibody rapid testing and RT- PCR testing during the start of GCQ in the country to assure the safety and uninterrupted delivery of services to customers and to protect its workforce,”Lim added......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

Solons vow safe haven for frontliners

In a bid to spur economic activities to preserve jobs and protect health-care workers, House Majority Leader and Leyte Rep. Martin Romualdez, Tingog party-list Rep. Yedda Marie Romualdez, and the Office of the Civil Defense have billeted at least 100 emergency medical front liners of the Eastern Visayas Regional Medical Center at the Leyte Park Hotel and Resort......»»

Category: newsSource:  thestandardRelated NewsJul 19th, 2020

June as frontliners Month pushed

Business leaders urge government to declare the month of June as “front liners month.” “What better way to honor our front liners — the medical teams, the military and police personnel, the national and local government staff, especially the Inter-agency Task Force on emerging Infectious Diseases (IATF), private business enterprises and ordinary citizens — who […] The post June as frontliners Month pushed appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJun 15th, 2020

SMC extends period of DOTR fuel support

San Miguel Corp. extended its free fuel support to the government’s “Libreng Sakay” program after the modified enhanced community quarantine period, or up to June 15, bringing its total fuel donation for the benefit of medical front liners to P6.2 million......»»

Category: financeSource:  thestandardRelated NewsJun 6th, 2020

Total vaccine volume in PH to reach 18m end-June

UPDATED | The country's total volume of COVID-19 vaccine doses will hit 18 million by the end of June, Senator Christopher Go, chairman of the Senate health committee, said......»»

Category: newsSource:  thestandardRelated NewsJun 11th, 2021

Abante Front Page | Balita ngayong June 11, 2021

Abante Front Page | Balita ngayong June 11, 2021.....»»

Category: newsSource:  abanteRelated NewsJun 11th, 2021

PNP chief set to take first dose of vaccination rollout for cops

"We won't choose what brand will be administered to us. We subscribe to the findings of health experts that all vaccine brands are safe and effective, so we will take advantage of this free vaccination regardless of the brand," Eleazar said in mixed Filipino and English. .....»»

Category: newsSource:  philstarRelated NewsJun 10th, 2021

Remembering Boss Danding

Ambassador Eduardo (Danding) Cojuangco Jr. would’ve been 86 today. He passed away on June 16 last year, six days after turning 85. In his home province, Boss Danding will always be revered as a proud son who, quoting from an ordinance enacted by the Sangguniang Panlalawigan and signed by Gov. Susan Yap last May 14, “never ceased to share his countless blessings with the people of Tarlac…who relentlessly uplifted the lives of Tarlaqueños through his various economic contributions and innovative endeavors.....»»

Category: sportsSource:  philstarRelated NewsJun 10th, 2021

Philippines supply of vaccines to normalize by June 14

The Philippines’ COVID-19 vaccine supply is expected to “normalize” by June 14, as more deliveries arrive to solve supply shortages in local governments outside Metro Manila, Secretary Carlito Galvez Jr. said yesterday......»»

Category: newsSource:  philstarRelated NewsJun 9th, 2021