Razon, Sy, Tan, Ayala Will Lead Country's Initial Vaccine Procurement
Filipino businessmen and the private sector are leading the Philippines’ efforts to procure vaccines for the Filipino population.
These tycoons include ICTSI president Enrique Razon, Philippine Airlines CEO Lucio Tan, Ayala Corp. CEO Jaime Augusto Zobel de Ayala, and SM Investments co-chairperson Teresita Sy-Coson and her siblings.
According to presidential adviser for entrepreneurship Joey Concepcion, the country’s top tycoons are helping the government procure almost three million doses of the COVID-19 vaccine from UK pharmaceutical company AstraZeneca.
How Much Will It Cost?
Each vaccine requires two doses, which cost P500 in total. As such, three million doses will likely vaccinate roughly 1.5 million Filipinos, just a fraction of the population but still the first step toward vaccinating Filipinos.
At this price, it’s expected that the total procurement will cost roughly P600 million to P700 million.
Who Will Be Vaccinated First?
Half of the vaccines purchased by the private sector will be set aside for regular and contractual employees, while the other half will be reserved for government frontliners. All of which will be donated to the Department of Health, which will facilitate its distribution and application.
This initial procurement marks the beginning of the country's vaccination efforts. More deals are expected to take place in the future to facilitate mass vaccination.
Who Is Chipping In?
It's yet to be announced how much each tycoon and corporation have donated or will donate, but so far, these are the donors coming from the private sector:
International Container Terminal Services Inc., BDO Unibank, First Philippine Holdings Corp., Go Negosyo, LT Group Inc., San Miguel Corp., Metro Pacific Investments Corp., Universal Leaf Philippines Inc., LBC Express Holdings Inc., Udenna Corp., GT Capital Holdings Inc., Wilcon Depot Inc., Ayala Healthcare Holdings Inc., Aboitiz Equity Ventures, Golden ABC Inc., Mercury Drug Corp., Federation of Filipino Chinese Chambers of Commerce & Industry, Yazaki-Torres Manufacturing Inc.; Bounty Fresh Food Inc., RFM, Concepcion Industries, Jollibee Foods Corp., Federation of Indian Chambers of Commerce Philippines Inc., Philippine Transmarine Carriers Inc., Magsaysay Maritime Corp., Nova Group, Alliance Global Inc., JG Summit Holdings Inc., Philippine Franchise Association, Double Dragon/MerryMart, Filinvest Development Corp., Lotis Shoppe, Century Properties Group, Bench, CDO, Mercedez Benz, Rustan’s, Megaworld, and SEAOIL Philippines.
This essentially cover the top 100 businesses and business leaders, from the Gokongweis and Manny Pangilinan to the Lopezes and Dennis Uy.