D.M Wenceslao and Associates, Inc. (DMWAI) creates a PHP100 Million emergency Contingency Fund for its Employees
Published · Thursday, April 09, 2020 07:10 PM
As a response to the ongoing fight against the coronavirus disease (COVID-19), owner-developer of Aseana City, D.M. Wenceslao and Associates, Inc. (DMWAI) released their official announcement on their P100 million emergency contingency fund to help alleviate the financial situations of their employees and tenants.
In his statement, Chairman of DMWAI Delfin “Ding” Wenceslao, shared that this fund for its employees shall mean the continuance of wages, leave conversions, and other means of financial support and assistance. To further alleviate emerging concerns, DMWAI will disburse salaries for the two successive periods in advance.
In addition to the emergency contingency fund, DMWAI Chairman Delfin Wenceslao shared, “We have also allocated funds and donations to address and assist the communities bordering our projects and developments.”
As for retail tenants, rent concessions will be granted to tenants who have been affected by the mandated closure.
“We shall continue to have a positive and lasting impact in our communities, wherever and whenever our company is present and needed,” said DMWAI Chairman Delfin Wenceslao.
As the master developer and primary owner of Aseana City, DMWAI has changed the landscape in the Bay Area by creating the ‘Next Generation City’ transforming it into a mixed-use district with business hubs, recreational venues, and entertainment centers.
March 20, 2020