Aboitiz allots P1.82 B for COVID-19 mitigation efforts

May 12, 2020


THE Aboitiz Group has committed a total of P1.82 billion for COVID-19-related efforts including P388 million in donations for medical frontliners and relief goods for poor families.
    The amount includes the P220-million donation from the Ramon Aboitiz Foundation (the Aboitiz family-based foundation) and personal donations in Cebu.
    The Aboitiz group also donated P100-million donation to Project Ugnayan led by the Philippine Disaster Resilience Foundation with other major business groups for the distribution of crockery vouchers to urban poor families in Greater Metro Manila.
    The group also donated personal protection equipment, thermal scanners, alcohol, folding beds, tents and food packs worth P67.56 million consisting of P50.7 million from Aboitiz Foundation, P4.5 million from Aboitiz business units, P2 million from KINDer, P176,000 from employees for Davao frontliners, and P10.2 million from offline donations via Unionbank transfers.
    For its workers, the Aboitiz group has allotted P900 million in financial assistance while its employess have also chipped in P1.3 million for the group’s “no work, no pay” utility and security personnel in the group’s Taguig and Cebu offices.
    Aboitiz Power Corporation has also remitted P536 million to its power plant host local government units under Energy Regulation 1-94.
    Last April 6, the Energy Department issued Department Circular 2020-004-00080, dictating that ER 1-94 funds received by host communities of power generation companies may now be used in full for efforts towards managing the effects of COVID-19.
    This is, to-date, the contribution of AboitizPower to host communities where its power facilities are located.
    “As the COVID-19 situation remains uncertain, the Aboitiz Group will continue to deploy assistance nationwide. Simultaneous with ensuring that our team members’ needs are covered, we also focused on our in-kind and monetary donations to communities that need them the most,” said Sabin M. Aboitiz, Aboitiz Group President and Chief Executive Officer.
    Extending its campaign, the Aboitiz Group has also poured in significant aid efforts in Visayas and Mindanao through the initiative of Aboitiz business units (BUs) based there.



Subscribe Now!

Receive email updates from Business Week.