Solidarity in the time of COVID-19 -- MS Supplement

Wenceslao Group creates emergency fund worth P100m

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.

Topics: DM Wensceslao Group , emergency contingency fund , coronavirus disease 2019 , COVID-19
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementSpeaker GMA