SMC donates P500M to build homes for Sendong victims


Posted at Jan 18 2012 04:30 PM | Updated as of Jan 19 2012 03:24 PM

MANILA, Philippines - San Miguel Corp. is donating half a billion pesos for the construction of new homes for victims of tropical storm Sendong in the cities of Cagayan de Oro, Iligan and Dumaguete.

In a statement, the conglomerate said it tapped housing groups Gawad Kalinga (GK) and Habitat for Humanity to build the houses together with local government units.

San Miguel president and CEO Ramon Ang signed the memorandum of agreement on the P500 million donation with GK chairman Antonio Meloto and Habitat for Humanity chairman Fernando Zobel de Ayala.

“This is our way of sharing our blessings from the heart. We want to give our fellow Filipinos hope by providing them the means to start over again. We’re looking at providing livelihood opportunities on top of the houses that we will build for them,” San Miguel chairman Eduardo Cojuangco Jr. said.

San Miguel, through units San Miguel Foundation and Petron Foundation, already donated an estimated P12 million worth of products and cash to families displaced by Sendong.

Sendong battered northern Mindanao on Dec. 16, sending massive flash floods that killed over a thousand people and destroyed more than P1 billion worth of crops and infrastructure.