The rent of SM Supermall mall tenants nationwide from March 16 to April 14, 2020 will be waived.
This is on top of the P100 million donation SM allocated on March 17 to help the national government fight the Covid-19 pandemic.
In a statement March 18, SM Supermalls said that with waiving of rentals the tenants will be able to address the needs of their employees during the imposed community quarantine in Luzon.
Being one with the community in this time of crisis, SM shares concern to its partner tenants and to the medical frontliners.
“We share our tenants partners’ concerns at the 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 P100 million for personal protective equipment (PPE) and supplies for medical frontliners as they combat the spread of coronavirus.
“To ensure the safety of medical frontliners, SM is bringing in PPEs – face masks, gowns, visors, hoods, gloves, and shoe covers, as well as urgent medical supplies – to help government hospitals who 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 said it continues to work closely with the government in times of crisis and prioritize the welfare of its employees and partners.
