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PERFORMANCE TASK # 2
ENGLISH 7
2nd Quarter

Name: Date:
Grade & Section: Teacher:

Direction: Read and summarize the text applying the knowledge you had gained in the Week 5 of your
module. Write two guide questions as basis of your summary.

Galvez: PH saved $700M from deals (excerpt)

By: Leila B. Salaverria - Reporter / @LeilasINQPhilippine Daily Inquirer / 04:54 AM January
20, 2021
The Philippines saved some $700 million after negotiations with COVID-19 vaccine manufacturers led to
the reduction of the offering prices by about half, President Duterte’s vaccine czar said Monday as he
defended the government deals against insinuations of overpricing and corruption.
In a late-night meeting with the President in Malacañang, Carlito Galvez Jr., who handles vaccine
procurement for the government, also defended the need to uphold the confidentiality disclosure
agreements with the vaccine manufacturers that prevent officials from disclosing the prices of the shots in
the initial stages of negotiations.
Violating the agreements will make the Philippines risk losing the 148 million doses that it plans to buy,
Galvez said.
Sinovac vaccine
According to Galvez, the negotiations conducted by the Philippines were deliberate and good, resulting in
the country getting a price that was not too far off from that given to other countries in the case of
CoronaVac, the COVID-19 vaccine developed by the Chinese drugmaker Sinovac Biotech.
Aside from CoronaVac, the Philippines will also buy vaccines from Moderna and Pfizer of the United States,
AstraZeneca of Britain and Novavax of India.
“In fact, I can promise our countrymen that all of the negotiations were at cost, meaning almost no profit.
And then when I computed all the brands, it turns out we were able to save $700 million. Meaning we
were able to bring the offer price down by almost half,” Galvez said.
This was also why the initial plan to buy 70 million vaccine doses was increased to 148 million doses, he
added.
Lawyers and experts were also included in the negotiations to make sure the Philippines would not end up
at a disadvantage, he said.
He explained that confidentiality disclosure agreements were part of standard practice in negotiations, and
the Philippines would have to abide by these or risk losing its integrity and credibility with the companies
and jeopardizing negotiations.
He said the prices of the vaccines could be made public after the signing of agreements or at a time when
the government felt it was necessary to disclose the prices.

Source: https://newsinfo.inquirer.net/1385909/galvez-ph-saved-700m-from-deals#ixzz6k2oz7hl7
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Guide Questions:

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2. __________________________________________________________________?

Summary:

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RUBRICS (basis of your grades):

Content – 8 pts.
Unity – 7 pts.
Organization – 5 pts.
TOTAL: 20 pts.