Kahit lockdown, walang paycut! RSA assures Pinoys: SMC can feed you

San Miguel Corporation (SMC) assured the public that the company’s supply chain was stable and that it has more than enough inventory to feed Filipinos nationwide for the next several months.

“As far as food supply is concerned, we have the capability to produce enough for everybody and deliver to supermarkets,” said SMC president and chief operating officer Ramon S. Ang in a statement.

SMC is also working on distributing food donations to poor communities where daily paid workers have been especially hard hit. San Miguel will also supply food to public hospitals and select government centers.

Ang called on the public to remain calm amid the lockdown.

“Panic has no purpose at this time. Follow the directives of our government; cooperate in every way. This is the best way we can all help in fighting the Covid-19 virus, while the quarantine is in effect” he said.

“The most important thing is that Filipinos stand together and help one another. It is our sense of duty and obligation, pagkakaisa and malasakit that will see us through these difficult times,” said Ang.

While most of SMC’s staff have adopted flexible work-from-home schemes throughout Metro Manila, Ang said the company would maintain operations of its food manufacturing facilities, with heightened precautionary measures, to ensure continuous supply.

“We will operate our food facilities 24/7. This isn’t about making profits. We have a responsibility to make sure that food is made available to as many people as possible,”Ang said. Ang said the government, through its Armed Forces of the Philippines (AFP) and the Department of Interior and Local Government (DILG), would secure its food facilities to allow for continuous operation and supply of raw materials to produce food for the country.

He added that other vital SMC businesses, such as fuels, through Petron Corporation, and power generation, through SMC Global Power Holdings Corp., and SMC Infrastructure, will also continue to operate.

“We will provide essential services such as food, water, power, petrol products and beverages to everyone,” he said.

Ang said all employees of SMC would continue to get paid despite the quarantine and any form of work discontinuation.

Converge backs infrastructure sharing to lower costs

Bilyonaryo Dennis Anthony Uy’s Converge ICT Solutions Inc. is supporting a proposal that allows telcos or internet service providers to share the cost of installation of underground pipes for telecommunication cables whenever new road infrastructure is built.

Converge backs infrastructure sharing to lower costs

Bilyonaryo Dennis Anthony Uy’s Converge ICT Solutions Inc. is supporting a proposal that allows telcos or internet service providers to share the cost of installation of underground pipes for telecommunication cables whenever new road infrastructure is built.

Fraud trial opens of former Swedbank CEO

Former chief executive of Swedish bank Swedbank, Birgitte Bonnesen, went on trial in Stockholm on Tuesday to answer fraud and market manipulation charges, three years after a money laundering scandal implicating her bank erupted.