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Thai Government Orders 20 Million Doses of Pfizer COVID-19 Vaccine
BANGKOK (NNT) – The Public Health Ministry announced that the government has approved the order for 20 million doses of the Pfizer COVID-19 vaccine.
The ministry will have a month to negotiate with Pfizer, while the company must send documents to register the vaccine with the Food and Drug Administration (FDA).
Minister Anutin Charnvirakul said Department of Disease Control Director-General Dr. Opas Karnkawinpong has signed a contract to buy the Pfizer vaccine for delivery this year.
He added that the government has already received approval from the Office of the Attorney-General for the procurement of the Johnson & Johnson vaccine.
Meanwhile, Public Health Ministry Permanent Secretary, Dr. Kiattiphum Wongrajit, said a million more doses of the Sinovac vaccine arrived in Thailand yesterday, bringing the total to 7.5 million, but they must be tested by the FDA and the documents inspected by the Depar…
China’s new three-child policy highlights risks of aging across emerging Asia
Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service.
And although China’s new policy allowing couples to have up to three children could support fertility, it is unlikely to dramatically change the national birthrate, meaning that aging will remain a credit-negative constraint.
Shrinking workforces could dampen rapid GDP growth and hurt fiscal revenue in China, Thailand and other economiesIn China’s case, productivity gains may lessen the credit-negative impact of demographic changesThailand’s (Baa1 stable) total dependency ratio is set to jump nine percentage points to 51% by 2030 – a faster increase than China’s – which will pressure public and private savings through higher taxes and social spending, reducing innovation and productivity gai…
Asia Pacific: Recovery delayed but not derailed
The ASEAN-6 economies have experienced a surge in Covid-19 cases since the start of 2021, which has led to the reinstatement of social distancing measures.
Thailand has recorded over 120,000 cases since April against less than 7,000 in all of 2020. At the other end of the spectrum Singapore and Vietnam averaged 5 and 1.1 per million new cases a day in May, which is still very low regionally and globally. In the case
This has dimmed, but not derailed the regional economic recovery; we have lowered our 2021 GDP growth forecast to 4.9% (from 5.5% previously). Our forecast is for growth to improve to 6.5% in 2022 as countries move closer to herd immunity and the recovery becomes more synchronised across sectors.
After being lauded for their successful containment of Covid-19 in 2020, the ASEAN-6 economies have experienced a surge in cases since the start of the year.
New daily cases in Malaysia are currently above the peak reached d…