Business tycoons, companies donate millions to billions in response to COVID-19 outbreak

Business tycoons, companies donate millions to billions in response to COVID-19 outbreak

- The Philippines' famous business tycoons recently extended their helping hands as the nation enhanced its efforts to contain the coronavirus

- The country's biggest conglomerates give out millions to billions worth of donations that COVID-19 fronliners, laborers, and needy communities will benefit

- Some of these businessmen are Ramon Ang, the Ayalas, Lance Gokongwei, Manny V. Pangilinan, Hans Sy, and Tony Tan Caktiong

- Also, Senator Manny Pacquiao earlier announced that his foundation has partnered with Chinese billionaire Jack Ma’s foundation to help the Philippines combat the disease

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As the world faces the coronavirus pandemic, some of country’s prominent business tycoons are offering their help to the nation to combat the COVID-19 outbreak.

The country's biggest conglomerates are currently giving out donations that focus on disease research, medical supplies, and healthcare for the frontliners, laborers, and needy communities.

Ramon Ang, San Miguel Corporation President and Chief Operating Officer

According to ABS-CBN News, Ang earlier said his company is seeking government clearance to produce 70 percent ethyl alcohol, which can be used for sanitizers and other medical purposes.

“We have the means and the capability to produce this and make it available for free to LGUs and public hospitals,” Ang said.

On March 19, the corporation also revived Nutribun, vitamin-enriched bread popular in the 1970s, to supply to communities that are unable to access food due to the pandemic.

Meanwhile, Ang said SMC continues to distribute their canned goods, coffee, and biscuits to frontliners. He also added that communities and hospitals in Metro Manila with the highest number of COVID-19 cases will be prioritized.

Jaime Augusto Zobel de Ayala, Ayala Corporation Chairman-Chief Executive Officer and Fernando Zobel de Ayala, President-COO

Recently, Ayala Corporation Chairman Jaime Augusto Zobel de Ayala announced that the Ayala group has adopted a COVID-19 emergency response package worth P2.4 billion. This aims to assist thousands of their employees affected by the enhanced community quarantine in Luzon, the Philippine Star reported.

Also, through its subsidiary Ayala Healthcare Holdings (AC Health), the corporation was able to distribute over 10,000 N95 masks to public hospitals on March 16.

Lance Gokongwei, JG Summit Holdings, Inc. President-CEO

Gokongwei Brothers Foundation allotted P100 million allocated to hospitals fighting the disease and communities where the conglomerate's businesses operate.

"The Gokongwei Brothers Foundation (GBF) established a P100 million fund to help fight the impact of the COVID-19 pandemic in the country. The fund will be used to support two key beneficiaries: national and local frontline health providers currently serving in various hospitals and the local communities where the Gokongwei Group’s various businesses operate," JG Summit Holdings, Inc. announced.

Manny V. Pangilinan, Hong Kong-based First Pacific Company, Ltd. Managing Director

Manny V. Pangilinan, the managing director and CEO of First Pacific Company Limited, a Hong Kong-based investment management and holding companies — Metro Pacific Tollways, PLDT, Smart, Philex Mining, made a series of posts on Twitter regarding his response during the outbreak.

Hans Sy, SM Prime Executive Committee Chairman

According to a report by Rappler, SM Group announced on March 17 that it is establishing P100 million to support the needs of the Philippine General Hospital (PGH), Research Institute for Tropical Medicine (RITM), and other government hospitals.

"To ensure the safety of medical frontliners, SM is bringing in personal protective equipment – face masks, gowns, visors, hoods, gloves, and shoe covers, as well as urgent medical supplies to help government hospitals who badly need them," SM Prime's Hans Sy said.

SM Group also targets to improve the availability of test kits in the country and eventually, with the help of private research and development company Manila HealthTek, distribute about 20,000 free test kits to public hospitals once approved for use.

Tony Tan Caktiong, Jollibee Foods Corporation Chairman and Founder

Jollibee Foods Corp. said on March 19 that the company is donating P100-million worth of food products from its brands to health workers and checkpoint personnel responding to prevent the spread of COVID-19.

"JFC, through Jollibee Group Foundation’s FoodAID Program, has been closely coordinating with public and private organizations for an efficient distribution system of the food products to these frontliners," it announced.

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In a previous report by KAMI, Senator Manny Pacquiao and Chinese billionaire Jack Ma decided to team up to donate 50,000 test kits to the Philippines.

Jack Ma is the richest man in China as of March 2020. He is a prominent business tycoon and co-founder of the Alibaba Group.

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Source: Kami.com.ph

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