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SMC's COVID-19 EFFORTS

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SMC’s COVID-19 EFFORTS
San Miguel Corporation’s COVID-19 response tops P13B

San Miguel Corporation’s COVID-19 response tops P13B

July 02, 2020

San Miguel Corporation (SMC) led private sector efforts to help mitigate the impact of the pandemic on Filipinos, particularly disadvantaged communities, medical front liners, and the agricultural sector. In all, SMC’s COVID-19 response efforts have reached P13.112 billion as of June 25.

These include:

  • P3.09 billion in compensation for employees and third-party providers 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

The company also paid government P8.77 billion in advanced taxes, concession, and contractual fees during the early months of the quarantine period, to help ensure that funds would be available to the government for its critical response to the pandemic.

SMC also provided significant assistance to farmers nationwide by providing guaranteed offtake for 78 million kilograms of corn to boost farm incomes. The company also partnered with the Department of Agriculture (DA) to open Kadiwa stores at Petron stations to enable farmers to sell their produce to consumers.

SMC also purchased excess carabao’s milk for donation, to help carabao farmer cooperatives and pledged R&D support to improve product shelf life and marketability.