MANILA - Metrobank and GT Capital Holdings on Wednesday pledged over P200 million in aid for response to the outbreak of the coronavirus disease 2019 (COVID-19) in the Philippines.
The fund will be donated to initiatives to fight the virus including efforts to produce test kits developed by the University of the Philippines' National Institute of Health (UP-NIH) and the purchase of personal protective equipment for frontline health workers, Metrobank said in a statement.
"The Ty-family led companies are pledging support to manage the disruption and provide meaningful assistance to customers, employees and partners who most need help in these difficult times.
The SM group, the Gokongwei group, Alliance Global Inc and San Miguel Corp have also pledged help in the form of cash donations, for the purchase of personal protective equipment, and medical supplies such as alcohol.
Government earlier said supplies of protective gear for frontline workers have been scarce.
President Rodrigo Duterte has placed the Philippines under a state of calamity to enable the national and local governments access to much needed quick response funds to address the outbreak.