Property and construction company DM Wensceslao Group has created a P100-million emergency contingency fund to help its employees cope up with the impact of the novel coronavirus (COVID-19) pandemic.
DM Wenceslao chairman Delfin Wenceslao said the company would use the P100-million contingency fund pay the salaries of workers and extend financial assistance to them.
“To commence this support and to alleviate the concerns of our people, we are announcing that the salaries for the next two successive period shall be disbursed, in advance effective immediately,” Wenceslao said.
The company said it would also provide rent concessions to tenants affected by the closure due to COVID-19.
DM Wenceslao allocated funds and donations to address and assist communities bordering its projects and developments.
“As we have always stated, DM Wenceslao Group always views any relationship with our stakeholders, both internal and external, as long-term partnerships. We shall continue to have a positive and landing impact in our communities, whenever and wherever our company is present and needed,” Wenceslao said.
DM Wenceslao is the master developer and primary owner of Aseana City, a development project with a total land area of 107.5 hectares along the coastal waters of Manila Bay.