SM waives rentals, allocates P100M for PPEs and test kits for COVID-19

Being one with the community in this time of crisis, SM shares its concern to its partner tenants and to the medical frontliners.
SM management has announced last March 18 to waive the rental payments of all its mall tenants nationwide from March 16 to April 14, 2020. This way the tenants will be able to address the needs of their employees during the imposed community quarantine in Luzon.
“We share our tenants partners’ concerns in this unfortunate situation and will waive rental charges for those affected and unable to operate during this period,” SM Supermalls President Steven Tan said.
On top of the rental condonation, SM group allocated earlier P100M pesos for personal protective equipment and supplies for medical frontliners as they combat the spread of coronavirus.
“To ensure the safety of medical frontliners, SM is bringing in personal protective equipment (PPE) – face masks, gowns, visors, hoods, gloves, and shoe covers, as well as urgent medical supplies to help government hospitals that badly need them,” said SM Prime’s Hans Sy.
Meanwhile, SM has also reached out to Manila Healthtek Inc. to distribute 20,000 test kits for free to government hospitals, once approved for use.
SM continues to work closely with the government in times of crisis and prioritize the welfare of its employees and partners.**

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