The national government (NG) is allocating P669.3 million to finance the establishment of the Virology and Vaccine Institute of the Philippines (VIP), the Department of Budget and Management (DBM) said.
The national government is allocating P669.3 million to finance the establishment of the Virology and Vaccine Institute of the Philippines , the Department of Budget and Management said.
“We need to be proactive and fund for a Virology Institute composed of highly-trained experts who would conduct studies on emerging virus strains as quickly as possible and prepare us in case of health emergencies,” Pangandaman said. The President earlier recognized the crucial role of the VIP in society. In his budgetary message on the 2023 NEP, the Chief Executive expressed that the P419.3 million allocation for the VIP mirrored the country’s need for faster identification of, and response to, outbreaks.Meanwhile, the DBM expects to showcase various investment opportunities in the Philippines at the investors briefing of the economic team in New York.
The President will deliver the keynote message at PEB New York in the hopes that he would be able to encourage investors to take part in the Philippines’s economic resurgence.