P10M ‘reward’ for COVID-19 vaccine?, should Invest in R&D more’ - Lacson

P10M ‘reward’ for COVID-19 vaccine?, should Invest in R&D more’ - Lacson

Senator Panfilo “Ping” Lacson has a question/suggestion to the Chief Executive.
Why not invest more in the country’s research and development?

Lacson posed the idea after President Rodrigo Roa Duterte offered P10 million to any Filipino who can discover a vaccine for the novel coronavirus 2019 disease or COVID-19.

President Duterte and Senator Panfilo Lacson
(photo credit to owner)

“The President has offered P10M to whoever can develop a vaccine for COVID-19,” Lacson said in a tweet on Thursday.

“How about investing more on R&D (research and development) than a token annual average share of 0.4% from the GAA (General Appropriations Act)?” he added.

The senator keeps on emphasizing the “minuscule” budget allocation for the country’s research and development, which is only 0.39 percent of the P4.1 trillion of the 2020 budget.

“We only need to look at how much the most prosperous countries spend on R&D to see why we are among the laggards,” Lacson.

There was an earlier pronouncement made by President Duterte that the country will participate in the study of possibility of finding a cure for the coronavirus as he called for cooperation among the countries in developing the vaccine.

P10 million reward for Filipino who could discover vaccine vs COVID-19


There was an earlier announcement made by Presidential Spokesperson Harry Roque during April 21 press briefing.

“Inanunsyo po ng Pangulo na siya ay mabgigibay ng pabuya na hanggang sampung milyong piso sa kahit sinong Filipino na makakadiskubre ng vaccine laban sa COVID-19,” Secretary Roque said.

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Report from PDI

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