MANILA (BLOOMBERG) - The Philippines has approved Pfizer-BioNTech's Covid-19 vaccine, the first to be allowed for emergency use in the South-east Asian nation.

The Food and Drug Administration found Pfizer's vaccine - which has shown a 95 per cent success rate - may be effective to prevent, diagnose or treat Covid-19, and can be used for individuals age 16 years old and up, its head Eric Domingo said in a virtual briefing.

Sinovac Biotech has applied for a similar authority on Wednesday, and the regulator will ask for more clinical trial reports, Mr Domingo said.

Pfizer vaccines may be among the first to arrive in the Philippines next month through the World Health Organisation-backed Covax facility, vaccine czar Carlito Galvez said at a briefing with President Rodrigo Duterte on Wednesday. The government is also in talks with Pfizer for up to 40 million doses, he said.