SAN Miguel Corp. said it has sets aside P11.67 billion for payments of tax, concession, and contractual obligations including salaries of its employees for the duration of the enhance community quarantine (ECQ).
Of the amount, San Miguel said it has paid government P8.77 billion, while the remaining balance will be remitted before the end of the ECQ.
San Miguel said it has released full compensation with benefits amounting to over P3 billion for all its 66,557 employees, consultants and contract workers.
“These are trying times and while we, as a company, are not immune to the challenges of this crisis, the safety and security of our workforce will always come first. We do not want them worrying about their jobs,” said Ramon Ang, San Miguel president.
“We are also aware that we have a huge role to play across industries and we are lucky to be more equipped than the rest to navigate this crisis. That said, we remain steadfast in our commitment to assist government and continue providing assistance where it’s most needed,” he added.
Ang said that to date, the San Miguel group has provided assistance of over P1 billion in the form of cash, food, flour, disinfectant alcohol, fuel, free toll and personal protective equipment (PPE) donations to vulnerable communities and front liners.
SMC has also built emergency quarantine facilities together with the Armed Forces of the Philippines to help ease the pressure on health facilities flooded by patients needing intensive medical treatment resulting from the pandemic.
