Message of the President and CEO
To our dear stakeholders:
Filinvest Development Corporation (FDC) is one with the government in ensuring the health and well-being of our citizens. In compliance with the national government’s declaration of enhanced community quarantine over Luzon and the decision of other local government units to do the same in other parts of the country, we have suspended work and have enacted initiatives that will support our stakeholders as we weather this crisis.
The Group’s initiatives are focused on ensuring health and safety, as well as serving and meeting our commitments to our customers, business partners, employees and shareholders.
We have disclosed the postponement of our Annual Stockholders’ Meeting scheduled on 24 April 2020 in view of the government’s implementation of enhanced community quarantine, as well as health and safety concerns in relation to COVID-19. We shall announce and disclose the new date of the Annual Stockholders’ Meeting at the appropriate time.
Our property subsidiary, Filinvest Land Inc. (FLI), has announced a 30-day payment extension for our Pabahay, Futura and Aspire buyers who were affected by the community quarantine. FLI continues to cater to customers’ needs through our customer hotline, online communication and other digital platforms.
EastWest Bank (EastWest), our banking subsidiary, has offered a 30-day extension program on the payment due dates of eligible customers for auto, personal, mortgage and EEL loans, and credit cards, the first to do so among the local banks. Selected branches of EastWest remain open to service its customers. With the health and safety of customers and employees as EastWest’s top priority, especially at this time, EastWest has encouraged customers to use its digital platforms.
Filinvest Lifemalls in Metro Manila, which operates malls including the flagship Festival Supermall in Filinvest City, Alabang, has provided a rental waiver for qualified non-operational tenants during this period. The five supermarkets located in Filinvest City, as well as medical and food delivery tenants, remain open to serve the community around the area.
FDC Utilities Inc. and its subsidiary FDC Misamis Power Corporation, which operates a 405-megawatt CFB power plant in Mindanao, would like to assure our customers and the public of continuous plant operations amidst the declaration of a nationwide state of calamity. We have also released over Php32 million ER 1-94 funds to its various host beneficiaries for health programs.
Together with the foundations of Filinvest and the Gotianun family, the group has pledged to donate Php100 million worth of personal protective wear, medical equipment and testing kits for the frontliners of selected government hospitals, primary of which is the Research Institute of Tropical Medicine (RITM). It is our hope that this will aid in the containment of the COVID-19 virus and in the recovery of its victims.
Meanwhile, the Filinvest Group has suspended work in all affected sites in support of the government’s call to keep you, our employees, and your family safe. Our day-to-day operations have been adjusted and supported by our skeletal force and work from home teams.
We encourage everyone to be vigilant and proactive. We ask for your patience in light of the mobility constraints of our workforce and contractors. The Filinvest group is one with the nation in praying for everyone’s health and safety in these trying times. With unity, cooperation and concern for one another, we believe that we can endure this pandemic as one community, as one family.
Thank you and God bless us all.
At your service,
Josephine Gotianun Yap
President and CEO
Filinvest Development Corp.