GMA News
SM malls to waive rent amid COVID-19 enhanced community quarantine
SM Supermalls is waiving rental fees for all its tenants nationwide from March 16 to April 14, 2020, to provide financial relief during the community quarantine period.
This initiative aims to enable tenants to extend more assistance to their employees.
SM Supermalls President Steven T. Tan expressed solidarity with tenant partners facing operational difficulties.
The mall chain is also donating PhP100 million to provide hospitals with protective equipment and supplies for medical front liners battling COVID-19.
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Several major Philippine mall developers, including Megaworld Corporation, Filinvest Lifemalls, AyalaMalls, Robinsons Land Corporation, and the SM group, have announced rental fee waivers and condonations to support their tenants during the Luzon-wide enhanced community quarantine.
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The Department of Trade and Industry (DTI) has ordered mall operators to waive rents and other fees for stores forced to shut down during the 30-day community quarantine in Metro Manila.
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The Department of Trade and Industry (DTI) is proposing relief measures for mall tenants impacted by the community quarantine, urging mall owners to provide discounts on lease rates.
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Metro Manila malls, including Gateway Mall, Ali Mall, and Farmers Plaza, are temporarily closing amid the COVID-19 threat.
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