{"id":987524604,"date":"2021-05-07T03:37:00","date_gmt":"2021-05-07T02:37:00","guid":{"rendered":"https:\/\/p4h.world\/news\/malaysia-taps-funds-from-oil-and-gas-contributions-to-pay-for-covid-19-vaccine-procurement\/"},"modified":"2023-03-02T10:25:30","modified_gmt":"2023-03-02T09:25:30","slug":"malaysia-taps-funds-from-oil-and-gas-contributions-to-pay-for-covid-19-vaccine-procurement","status":"publish","type":"news","link":"https:\/\/p4h.world\/en\/news\/malaysia-taps-funds-from-oil-and-gas-contributions-to-pay-for-covid-19-vaccine-procurement\/","title":{"rendered":"Malaysia Taps Funds from Oil and Gas Contributions to Pay for COVID-19 Vaccine Procurement"},"content":{"rendered":"<p>Malaysia&#8217;s government&nbsp;enacted a new emergency law allowing it to use funds derived from <a href=\"https:\/\/www.malaymail.com\/news\/malaysia\/2021\/04\/26\/tengku-zafrul-justifies-govt-need-to-tap-into-kwan-funds-for-covid-19-vacci\/1969544\" target=\"_blank\" rel=\"noopener\">oil and gas contributions<\/a> to pay for vaccine procurement, as it looks to ramp up its COVID-19 vaccination programme.&nbsp;The trust fund&nbsp;takes contributions from state energy company Petronas (PETR.UL) and others involved in petroleum exploitation.<\/p>\n<p>The ordinance will allow the government access to use the 17.4 billion ringgit ($4.23 billion) parked under the national trust fund to secure vaccines &#8220;for an epidemic of any infection disease&#8221;, according to the law published in the federal gazette.<\/p>\n<p>\nPrime Minister Muhyiddin Yassin in March nearly doubled the country&#8217;s COVID-19 immunisation budget to 5 billion ringgit, which he expects will help achieve the government&#8217;s target of <a href=\"https:\/\/www.reuters.com\/article\/us-health-coronavirus-malaysia-idUSKBN2A41I2\" target=\"_blank\" rel=\"noopener\">inoculating 80% of Malaysia&#8217;s 32 million<\/a> population by December.<\/p>\n<p><em>This is an extract from the news article originally published in <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/malaysia-taps-oil-backed-trust-fund-pay-vaccines-2021-04-22\/\" target=\"_blank\" rel=\"noopener\">Reuters.<\/a><\/em><\/p>\n<p><em>Image Credits: <a href=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/Vfq7wdKYqaMpM84.FPJ8qQ--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUxOS4wNTYyNQ--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/sPIDrWPCbFFkqe6e47Gcaw--~B\/aD01ODk7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/reuters.com\/2cb1209eaf53b169e2e9ee0d4e31d802\" target=\"_blank\" rel=\"noopener\">Reuters<\/a><\/em><\/p>\n<p><em>Do you have anything to say about Malaysia&#8217;s Covid-19 vaccine financing? Please let us know in the comments section below.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia&#8217;s government&nbsp;enacted a new emergency law allowing it to use funds derived from oil and gas contributions to pay for vaccine procurement, as it looks to ramp up its COVID-19 vaccination programme.&nbsp;The trust fund&nbsp;takes contributions from state energy company Petronas (PETR.UL) and others involved in petroleum exploitation. The ordinance will allow the government access to&#8230;<\/p>\n","protected":false},"author":559,"featured_media":987530752,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[],"tags":[123,2316,124,133],"acf":[],"_links":{"self":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987524604"}],"collection":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/users\/559"}],"replies":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/comments?post=987524604"}],"version-history":[{"count":0,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/news\/987524604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media\/987530752"}],"wp:attachment":[{"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/media?parent=987524604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/categories?post=987524604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/p4h.world\/en\/wp-json\/wp\/v2\/tags?post=987524604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}