We’ve seen private sectors helping our fellow Filipinos who are in the frontline amidst this pandemic. Some of the notable companies include SMC, SM, and Ayala. Just recently, the Araneta, Ayala, and Aboitiz groups have extended their help to the people who are totally affected by the enhance community quarantine in Luzon and other areas of the Philippines. These groups of companies are only a few of the private companies that also showed and provided their support to frontliners and other vulnerable sectors in the economy.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
Manila Water Co., a member of the Ayala family has deployed drinking water and dispensers to the public hospitals in Quezon City where frontliners are risking their lives. A total of 280 units of 5-gallon bottled water and dispensers were given to East Avenue Medical Center, Philippine Heart Center, Lung Center of the Philippines, Veterans Memorial Medical Center, Quezon City General Hospital, and Quirino Medical Center. The company noted that every day is becoming challenging both for the public and frontliners. By deploying these supplies, the company is showing how thankful it is for the frontliners who are continuously risking their lives to save lives.
In another setting, Araneta City is planning to launch its own donation drive with the help of J. Amado Araneta Foundation (JAAF) in order to help poor families located in Metro Manila who are largely affected by the lockdown. The company disclosed that it was able to donate food pack to communities in Quezon City and it’s planning to donate test kits to Quezon City General Hospital to speed up the results of those who are suspected cases of coronavirus. Mall tenants were also given free rents during the quarantine period. The employees of the company who are still working are given temporary accommodation, hazard pay, and food.
Meanwhile, the corporate social responsibility arm of the Aboitiz group, Ramon Aboitiz Foundation, Inc. is coordinating with the Metropolitan Cebu Water District and the Cebu City government to start a handwashing campaign to contain the spread of COVID-19 in the area. Its partnership with the water company will allow it to provide enough water supply and clean facilities for areas that lack these supplies. For the company, this is the most effective way to combat the spread of the virus given that not all families have the capability to disinfect their own places. The foundation already raised P6 million for its humanitarian disaster preparedness and response team.