00:00The Department of Agriculture or DA is looking for the possibility of developing foot and
00:05mouth disease vaccines domestically.
00:08This and other stories in business news wrap up by Joms Balagan.
00:15The National Innovation Council recently approved several critical initiatives to enhance the
00:21country's innovation ecosystem and address critical barriers to development.
00:25The Council approved the dissemination of the draft Implementing Rules and Regulations
00:30for Section 23 of the Philippine Innovation Act proposed by the Banco Central ng Pilipinas
00:35for public consultation.
00:36The Council also approved the Implementing Guidelines for the Annual National and Regional
00:41Innovation Awards and Competitions to spotlight Philippine innovators who are ready for early-stage
00:47commercialization.
00:49Agriculture Secretary Francisco Chu Laurel Jr. created a technical working group to study
00:54the feasibility of manufacturing local foot and mouth disease vaccines in the country.
00:59According to the DA chief, this is to maintain the country's status as an FMD-free jurisdiction
01:05and as a preparation and prevention for spreading this infectious disease in the livestock industry.
01:12The S&P Global reported the country's manufacturing growth is to its lowest pace in July due to
01:17the weakening of new orders and production output.
01:20The Philippine Manufacturing Index or PMI last month stood at 51.2 from 51.3 score in
01:27June this year.
01:28Joms Balagan from the National TV Network for a New and Better Philippines.
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