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Build plants in PH, vax makers urged

Republika

Trade Secretary Ramon Lopez recently urged vaccine manufacturers to make the Philippines their additional production base.


Lopez made the call as global supply of vaccines against Covid-19 is not enough.


“What the vaccine technology owners need is really to multiply their manufacturing capacity because if they will just depend on their existing capacity, the global supply versus global demand is really insufficient,” Lopez said.


This type of investment is entitled to incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law, he added.


Lopez said the country is also capable of handling Covid-19 vaccines with the available cold storage facilities as well as for distribution of the jabs.

Photo: PNA


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