FDC earmarks P100M for COVID19 front-liners

Gotianun-family led Filinvest Development Corp. (FDC) and its various foundations and subsidiaries have committed P100 million to boost the supply of coronavirus (COVID-19) test kits and personal protective equipment (PPE) for healthcare workers battling the pandemic.

Filinvest Lifemalls in Metro Manila, including the group’s flagship Festival Supermall in Filinvest Alabang, also announced rental waiver for qualified non-operational tenants during the lockdown of Luzon.

Banking subsidiary, EastWest Bank, also offered a 30-day extension program on the payment due dates of eligible customers for auto, personal, mortgage, emerging enterprise 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.

FDC has also outlined various initiatives to help customers cope with the COVID-19 crisis. FDC’s property subsidiary, Filinvest Land Inc., announced a 30-day payment extension for homebuyers who were affected by the Luzon-wide community quarantine.

For its P100-million donation, the group has identified the Research Institute of Tropical Medicine (RITM) as recipient.

“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,” FDC president Josephine Gotianun-Yap said.