Filinvest donates P100M to help gov’t fight Covid-19

MABALACAT CITY -- Gotianun-family led Filinvest Development Corp. (FDC) and its various foundations and subsidiaries have pledged to donate P100 million worth of test kits and personal protective equipment (PPE) for the front liners and hospital workers amid the Covid-19 pandemic.

The group has identified the Research Institute of Tropical Medicine (RITM) as the recipient of their donation.

“We hope to reach our unsung heroes, the front liners and our medical health workers who are tireless in their admirable efforts. We will also provide more Covid-19 test kits that will enable these institutions to accelerate their testing effort to help contain the spread,” Josephine Gotianun Yap, Filinvest Development Corporation President and Chief Executive Officer, said.

Filinvest has also outlined various initiatives to assist its customers to weather the storm.

FDC’s property subsidiary, Filinvest Land Inc., announced that it has offered a 30-day payment extension for its Pabahay, Futura and Aspire customers who were affected by the Luzon-wide community quarantine.

Banking subsidiary, EastWest Bank was first to offer a 30-day extension program on the payment due dates of eligible customers for auto, personal, mortgage, and EEL loans, and credit cards. It has waived the fees for fund transfers to any local bank made through instaPay while fund transfers through PESONet remain free of charge. With the health and safety of customers and employees as EastWest’s top priority, especially at this time, the Bank has encouraged customers to use its digital platforms.

Filinvest Lifemalls in Metro Manila which include its flagship Festival Supermall in Filinvest Alabang has likewise provided rental waiver for qualified non-operational tenants during this period. The five supermarkets located in Filinvest city as well as medical and food delivery tenants remain open to serve the community.

FDC Utilities Inc. and its subsidiary, FDC Misamis Power Corporation which operates a 405MW CFB power plant in Mindanao assure the public of continuous plant operations amidst the declaration of a nationwide state of calamity. It has also released over P32 Million ER 1-94 funds to their various host beneficiaries for health programs.

In an earlier statement, Gotianun Yap likewise assured their real estate customers of continued business operations thru digital platforms while heeding the government’s call for work suspension during the enhanced community quarantine. Filinvest’s clients and business partners are encouraged to conduct business through online communication and other digital platforms that the company has put in place. Property Management team is available in its various buildings and subdivisions to assure community safety and security. The company is also maximizing social media to keep its stakeholders informed and updated.

“We ask for your understanding and patience in light of the mobility constraints of our workforce and contractors. We thank you for your trust and for choosing Filinvest,” Gotianun Yap said.

Gotianun Yap believes that the Filipino spirit and resiliency will prevail over this crisis we are all facing.

“The Filinvest group is one with the nation in praying for everyone’s health and safety in these trying times. With unity, cooperation and concern for one another, we believe that we can endure this pandemic as one community, as one family,” she said.


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