Business

RSA stimulus fund: San Miguel outspends corporate rivals with P13B COVID response

Diversified conglomerate San Miguel Corp. is setting the standard for giving back.

With many businesses closing and laying off workers, it’s nice to know that certain companies and titans are helping ongoing coronavirus relief efforts.

SMC’s total donations are astoundingly large that it could put pressure on other corporate giants to give more.

To date, SMC has contributed a total of P13.112 billion to combat COVID-19 and do what they can for the economy.

“As we continue to battle COVID-19, [SMC] has started work to help government rebuild the economy and create a more resilient society, one that focuses on creating jobs through oir infrastructure projects, opening up opportunities for our farmers and strengthening our health system’s response to the ongoing pandemic. Babangon po tayo ng sama-sama,” said SMC president Ramon S. Ang.

How SMC has helped protect lives and livelihoods:

* P3.09 billion in compensation for employees and third-party suppliers during ECQ
* P511.1 million in food donations, including canned products, poultry, fresh meats, bread, flour biscuits, milk, coffee, rice
* P500 million for medical donations, including PCR testing machines, testing kits, personal protective equipment, and other medical donations
* P100 million contribution to Project Ugnayan from Ramon S. Ang and family
* P97.1 million worth of free alcohol (1.3 million liters)
* P30.7 million worth of toll fees waived for medical front liners
* P6.2 million in free fuel for government’s Libreng Sakay programs for medical workers
* P7 million for emergency quarantine facilities with 15 beds each nationwide

How SMC boosted government funds for crisis response:

* Paid P8.77 billion in taxes, concession, and contractual fees in advance

How SMC will help build back better:

* Continue investing in infrastructure to create jobs and deliver tangible assets for long-term economic growth. Our ongoing projects include:
* Skyway Stage 3 — 17.38-km elevated expressway, 85% complete
* MRT7 — 22-km rail transit system,51.85% complete
* Alabang South Skyway Station – link to the elevated Skyway and Alabang viaduct, 26.23% complete
* Skyway Stage 4 – 56.74 km at-grade and elevated expressway, Phase 1 construction
* SLEX TR4 – Four-lane toll road, Phase 1 construction
* TPLEX – 89.21 km four lane toll road, Section 3 construction
* Support the agriculture sector to help address poverty and food insecurity
* Provided guaranteed offtake for 78 million kilograms of corn to boost farm incomes
* Partnered with the Department of Agriculture (DA) to open Kadiwa stores at Petron stations to enable farmers to sell their produce to more consumers
* Purchased 5,000 liters of excess carabao’s milk for donation, to help carabao farmer cooperatives
* Pledged R&D support to improve product shelf life and marketability
* Strengthen the health care system to flatten the curve and be more crisis-resilient
* Donated PCR testing machines to government facilities
* Built laboratory to test 70,000 employees and extended workforce
* Raised the country’s overall testing capacity by 15,000 tests per day
* Strengthened community testing through donations of testing booths and PCR test kits to 17 LGUs
* Donated 55 sets of high-flow machines to help save severely-ill Covid-19 patients

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