AIRLINK 207.61 Increased By ▲ 7.32 (3.65%)
BOP 10.38 Decreased By ▼ -0.11 (-1.05%)
CNERGY 7.19 Decreased By ▼ -0.02 (-0.28%)
FCCL 34.91 Decreased By ▼ -0.03 (-0.09%)
FFL 17.18 Decreased By ▼ -0.24 (-1.38%)
FLYNG 25.15 Increased By ▲ 0.30 (1.21%)
HUBC 131.75 Increased By ▲ 3.94 (3.08%)
HUMNL 14.10 Increased By ▲ 0.29 (2.1%)
KEL 4.98 Decreased By ▼ -0.02 (-0.4%)
KOSM 6.87 Decreased By ▼ -0.16 (-2.28%)
MLCF 44.70 Increased By ▲ 0.08 (0.18%)
OGDC 221.40 Decreased By ▼ -0.75 (-0.34%)
PACE 7.18 Decreased By ▼ -0.24 (-3.23%)
PAEL 42.99 Increased By ▲ 0.19 (0.44%)
PIAHCLA 17.15 Decreased By ▼ -0.24 (-1.38%)
PIBTL 8.47 Decreased By ▼ -0.04 (-0.47%)
POWER 9.12 Decreased By ▼ -0.03 (-0.33%)
PPL 191.30 Decreased By ▼ -1.43 (-0.74%)
PRL 43.50 Increased By ▲ 2.00 (4.82%)
PTC 25.11 Increased By ▲ 0.67 (2.74%)
SEARL 103.70 Increased By ▲ 2.43 (2.4%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 43.15 Decreased By ▼ -0.72 (-1.64%)
SYM 18.56 Decreased By ▼ -0.20 (-1.07%)
TELE 9.30 Decreased By ▼ -0.24 (-2.52%)
TPLP 13.22 Increased By ▲ 0.14 (1.07%)
TRG 70.20 Increased By ▲ 4.01 (6.06%)
WAVESAPP 10.49 Decreased By ▼ -0.04 (-0.38%)
WTL 1.82 Increased By ▲ 0.04 (2.25%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,087 Increased By 48 (0.4%)
BR30 37,020 Increased By 330.9 (0.9%)
KSE100 115,094 Increased By 289.9 (0.25%)
KSE30 36,174 Increased By 71.6 (0.2%)

MANILA: China promised on Saturday to donate 500,000 COVID-19 vaccine doses to the Philippines as the two countries signed infrastructure deals aimed at boosting post-pandemic recovery efforts, officials said.

Philippines President Rodrigo Duterte imposed one of the world’s longest and strictest lockdowns to contain the virus in March last year - bringing one of Asia’s fastest-growing economies to a standstill.

“As a friend of the Philippines and your closest neighbour, we will firmly stand with the people of the Philippines until the defeat of this virus,” senior Chinese diplomat Wang Yi said during a meeting with the Philippines’ foreign minister.

Wang’s talks in Manila wrapped up a week-long visit to four Southeast Asian nations.

Duterte has sought warmer ties with Beijing since taking office in 2016, setting aside a territorial spat in exchange for pledges of aid, loans and grants.

“China plays a very key role in reviving our region’s economy,” he said on Saturday. “Let us do all we can to revive economic activities between the Philippines and China.”

China said it would donate 500,000 COVID-19 vaccine doses to the Philippines, without saying which vaccines would be offered, the presidential palace said in a statement.

With nearly 499,000 coronavirus cases and almost 9,900 deaths, the Philippines has the region’s second-highest number of infections and fatalities after Indonesia, but Manila has trailed neighbouring countries in securing vaccine doses.

Duterte has said he prefers to source COVID-19 vaccines from either China or Russia, and the country is buying 25 million doses of the experimental vaccine developed by Chinese vaccine maker Sinovac Biotech, with the first 50,000 expected to arrive in February.

On Saturday, officials from the two countries signed a deal for a 500 million yuan ($77 million) grant from China to fund infrastructure, livelihood and other projects in the Philippines.

They also signed the commercial contract for a $940 million, 71-kilometre (44-mile) railway scheme north of the capital, Beijing’s ambassador to Manila said in a statement.

Comments

Comments are closed.