Ricky Razon, the Philippines' Second Richest Man, to Help Fund COVID-19 Vaccine Purchases

He'll be paying from his own pocket..
IMAGE Courtesy of Entrepreneur Philippines

Ports billionaire Enrique Razon will help the government buy COVID-19 vaccines, which could arrive as early as the second quarter of 2021, an executive of his company said Tuesday.

Razon will shoulder the full cost of a portion of the country's vaccine requirement, half of which will be given to employees of his conglomerate while the remainder will be reserved for port and customs employees and logistics frontliners, said Christian Razon Gonzalez, executive vice president of International Container Terminal Services Inc.

The vaccines will be sourced from the UK's Astra Zeneca, Gonzalez told a government briefing. The Philippines has programmed an initial procurement of 60 million vaccines, of which 2 million will be brought in by the private sector, he said.

"This is just a way for us to contribute to the effort of the national government," he said.

President Rodrigo Duterte's administration is in talks with three pharmaceutical firms working on COVID-19 vaccines, said the Philippines' vaccine czar, Sec. Carlito Galvez.

The Philippines plans to prioritize poor families, health workers, and law enforcers in its COVID-19 vaccination program, he said.

This story originally appeared on Reportr.world. Minor edits have been made by Esquiremag.ph editors.

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