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MANILA, Philippines Vaccine production and development are among the high-value industries qualified for tax incentives for the longest period under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law. This developed as the Fiscal Incentives Review Board (FIRB) adopted during its second meeting last week a framework that lines up industries qualified to get incentives under the law. Under the board’s Strategic Investment.
President Rodrigo Duterte has approved the release of P2.5 billion from his office’s contingency fund to augment the funds needed to purchase COVID-19 vaccines, Budget Secretary Wendel Avisado said Saturday.
The government is tapping the 2021 contingent fund to augment resources to boost the country's supply of coronavirus vaccines.
President Rodrigo Duterte holds a vial of a Sinovac coronavirus vaccine during the ceremonial turnover of the vaccines Villamor Air Base, Pasay City on February 28, 2021.