Chinese premier orders investigation of vaccine makers

Chinese Premier Li Keqiang. (REUTERS)
Updated 23 July 2018
0

Chinese premier orders investigation of vaccine makers

  • There were no reports of injuries due to the rabies vaccine but the disclosure prompted an outpouring of criticism online

BEIJING: China’s No. 2 leader has ordered an investigation of its vaccine industry after violations by a maker of rabies vaccine for humans prompted a public outcry.
Premier Li Keqiang’s order followed the disclosure that Changchun Changsheng Life Sciences Ltd. was accused of fabricating production and inspection records for its rabies vaccine.
Li promised to “resolutely crack down” on violations that endanger public safety. He said the incident “violated a moral bottom line of the people and must be explained clearly to the public.”
There were no reports of injuries due to the rabies vaccine but the disclosure prompted an outpouring of criticism online.
China has suffered a series of deaths and injuries due to fake or shoddy drugs, milk and other products blamed on lax oversight or corruption by regulators.


Philippine central bank holds overnight borrowing rate steady

Updated 13 December 2018
0

Philippine central bank holds overnight borrowing rate steady

  • The Bangko Sentral ng Pilipinas left the rate on its overnight reverse repurchase facility unchanged at 4.75 percent

MANILA: The Philippine central bank held its benchmark interest rate steady on Thursday, as expected, in line with the outlook for the inflation rate to cool.
The Bangko Sentral ng Pilipinas left the rate on its overnight reverse repurchase facility unchanged at 4.75 percent, as predicted by 11 out of 13 analysts in a Reuters poll.
The central bank raised rates by a total 175 basis points at the past five consecutive meetings to tame inflation, which eased for the first time in nearly a year in November to 6.0 percent.