Confidence builder: Private sector vax drive picks up

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Corporate Philippines sees the proverbial light at the end of the tunnel with the rollout of COVID-19 vaccines for economic front-liners, a key to the further reopening of the economy after more than a year of tough quarantine measures.

The local stock barometer returned to the 7,000 levels last seen in February, before a surge in cases prompted the government to again tighten health protocols.

San Miguel Corp. , Metro Pacific Investments Corp., Ayala Corp., Jollibee Foods Corp., International Container Terminal Services Inc. , Megaworld and the Villar group are among the conglomerates that had started vaccination programs for their employees. “Vaccinating them is critical for our country to achieve herd immunity and recover from this crisis,” SMC president Ramon S. Ang said.

On June 14, over 2,000 employees of the Ayala Group began receiving their jabs at UP-Ayala Land TechnoHub in partnership with the Quezon City government. Jollibee founder and chair Tony Tan Caktiong told shareholders in an annual meeting that close to 90 percent of the group’s employees had agreed to be vaccinated.

The Federation of Filipino Chinese Chambers of Commerce and Industry Inc. launched a vaccination program on June 25, about a week after the arrival of 500,000 doses of the Sinovac vaccine it had procured.

 

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