The SM Supermalls announced Wednesday it will waive rentals to all tenants nationwide from March 16 to April 14, 2020.
This is to offer tenants some relief during this trying time, “so they can in turn lend more assistance to their employees during the period of Community Quarantine,” the company said in a statement.
“We share our tenants partners’ concerns at the unfortunate situation and will waive rental charges for those affected and unable to operate during this period,” said SM Supermalls president Steven T. Tan.
This support forms part of SM’s commitment to fight the effects of the novel coronavirus (COVID-19) outbreak.
It is in addition to its recent announcement that it has allocated P100 million to provide protective equipment and supplies towards hospitals for the safety of medical frontliners, as they actively fight the spread of COVID-19.