Philippines' biggest firms shell out billions in aid for COVID-19 fight | ABS-CBN

ADVERTISEMENT

dpo-dps-seal
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!

Philippines' biggest firms shell out billions in aid for COVID-19 fight

Philippines' biggest firms shell out billions in aid for COVID-19 fight

ABS-CBN News

 | 

Updated Apr 23, 2020 12:02 PM PHT

Clipboard

View inside the Eva Macapagal Super Terminal converted into a COVID19 treatment facility at Pier 15, Manila on April 21, 2020. George Calvelo, ABS-CBN News

MANILA (UPDATE) — As the Luzon lockdown due to COVID-19 left millions of Filipinos unable to work and earn, the country’s largest corporations and conglomerates stepped up with billions in pesos in aid for the most vulnerable sectors of society.

From providing personal protective equipment for frontliners, to setting up quarantine facilities and giving food, medicines and other aid to poor families, private companies delivered even as their own operations were severely affected by the enhanced community quarantine.

Watch more in iWantv or TFC.tv

ABS-CBN was one of the first companies to pitch in. Within the first few days of the quarantine, the broadcast company’s Pantawid ng Pag-ibig initiative raised nearly P237 million. As of April 17, the project has P334 million in total cash donations and pledges.

The Philippine Disaster Resilience Foundation organized Project Ugnayan in partnership with Caritas Manila. They aimed to distribute P1,000 gift cheques to poor families for food and basic necessities.

ADVERTISEMENT

Guillermo Luz, chief resilience officer of the foundation, said the group started with about two dozen contributors, including the biggest conglomerates in the country. The number of donors has since doubled to about 50.

“We teamed up with ABS-CBN Pantawid ng Pag-ibig program, and they collected a bit on their own . . . ADB [Asian Development Bank] came into the picture and also put in their own funds into the project, and delivered in kind their own materials,” Luz said.

Project Ugnayan generated about P2 billion, and so far benefited 2 million families or more 10 million people, Luz said.

Besides helping to distribute gift cheques and food packs for the project, Fr. Anton Pascual, executive director at Caritas, said they were also able to collect a significant amount on their own.

“It came from church donations, contributions of church benefactors. Bulk of it. At the same time, people online, through Lazada, Paymaya and GCash, and our telethon with Radio Veritas recently during Holy Week. We were able to gather P100 million,” Pascual said.

ADVERTISEMENT

Besides contributing to Project Ugnayan, the Philippines’ biggest companies also made donations on their own. ​

PRIVATE SECTOR DONATIONS
As of April 23, 2020
DONORDONATION
AboitizP270M
ABS-CBNP334M
ADBP250M
Alliance Global Group Inc.P603M
AyalaP5,400M
BloomberryP100M
Caritas ManilaP100M
Coca ColaP150M
City of DreamsP50M
Filinvest GroupP100M
Gokongwei GroupP100M
GT CapitalP200M
Jollibee Food Corp.P220M
Lopez GroupP100M
LT GroupP200M
MPIP190M
NGCPP1,000M
Okada FoundationP150M
PDRF Project UgnayanP2,000M
PDRF Project KaagapayP80M
POGOP150M
P&GP100M
Resorts World ManilaP50M
Riway PhilippinesP35M
San Miguel CorporationP985.1M
SMP170M
Sun LifeP75M
TikTokP50M
UnilabP665M
ZuelligP40M

The donations from the biggest business groups, as well as private individuals donating online and through other channels, amounted to more than P13 billion. Getting a full accounting is difficult, as some donors did not wish to make their contributions public.

The PDRF said while the donations are substantial, more needs to be done.

“The next phase really is we need more medical supplies. The caseloads are still high, PPEs are essentially disposable,” Luz said.

Caritas said the private sector needs to continue its initiatives, especially for the poor hard-hit by the COVID-19 crisis.

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

It looks like you’re using an ad blocker

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.