Philippine firms prepare for the next 'Ondoy' and 'Pepeng'
11/17/2009 | 07:04 PM
The devastation caused by typhoons Ondoy and Pepeng prompted listed companies to ramp up their allocation for disaster recovery program.
At a briefing at the Philippine Stock Exchange on Tuesday, company officials cited measures such as ensuring that all operating units have adequate power supply even during period of prolonged power outage and activating emergency responses during calamities.
Officials of Manila Water Co. Inc., SM Investments Corp., San Miguel Pure Foods Inc. and Robinsons Land Corp. admitted that their operations and businesses were affected by the destructive weather disturbances.
Pure Foods, according to company president Francisco Alejo III, had suffered damages of goods and property worth P1.5 billion.
“Calamities have to be factored in," Alejo said.
Most of the damage were on the company's plant in Marikina City, where Pure Foods kept stocks of processed meat products, and its warehouse in Pasig City.
Despite this, Alejo said most of the damages were covered by insurance.
Meanwhile, SM Investments had to do some “engineering changes" such as placing their power sources on the upper portion of the building.
“We have old and new malls. In the past, power sources are in the basement," said Cora Guidote, SM Investments vice president for investor relations
Two SM malls were affected by the flooding – SM Centerpoint in Sta. Mesa, Manila and SM Rosales in Pangasinan. SM has network of 35 malls and 111 stores in the country.
Because the two SM malls had to be temporarily closed for rehabilitation, some 6,200 workers are also presently out of work.
Guidote said SM was committed to expedite the rehabilitation of the malls within two months to help their displaced workers.
Henry Yap, RLC general manager, said that because of the calamities, his company's building management team's capability is being reviewed and modified according to the needs of their mall and BPO office tenants, mostly run by foreign groups.
Metro East, one of RLC's malls, was flooded on the lower floors.
Owing to the massive flooding, Yap said, Filipinos may begin to favor residing in high-rise buildings.
Frank Beaumont, Manila Water group director, said that before the flooding some of their units had no power generators. After Ondoy and Pepeng, however, the company has ensured that all their units had a minimum three-day standby power supply. -Cheryl M. Arcibal, GMANews.TV
At a briefing at the Philippine Stock Exchange on Tuesday, company officials cited measures such as ensuring that all operating units have adequate power supply even during period of prolonged power outage and activating emergency responses during calamities.
Officials of Manila Water Co. Inc., SM Investments Corp., San Miguel Pure Foods Inc. and Robinsons Land Corp. admitted that their operations and businesses were affected by the destructive weather disturbances.
Pure Foods, according to company president Francisco Alejo III, had suffered damages of goods and property worth P1.5 billion.
“Calamities have to be factored in," Alejo said.
Most of the damage were on the company's plant in Marikina City, where Pure Foods kept stocks of processed meat products, and its warehouse in Pasig City.
Despite this, Alejo said most of the damages were covered by insurance.
Meanwhile, SM Investments had to do some “engineering changes" such as placing their power sources on the upper portion of the building.
“We have old and new malls. In the past, power sources are in the basement," said Cora Guidote, SM Investments vice president for investor relations
Two SM malls were affected by the flooding – SM Centerpoint in Sta. Mesa, Manila and SM Rosales in Pangasinan. SM has network of 35 malls and 111 stores in the country.
Because the two SM malls had to be temporarily closed for rehabilitation, some 6,200 workers are also presently out of work.
Guidote said SM was committed to expedite the rehabilitation of the malls within two months to help their displaced workers.
Henry Yap, RLC general manager, said that because of the calamities, his company's building management team's capability is being reviewed and modified according to the needs of their mall and BPO office tenants, mostly run by foreign groups.
Metro East, one of RLC's malls, was flooded on the lower floors.
Owing to the massive flooding, Yap said, Filipinos may begin to favor residing in high-rise buildings.
Frank Beaumont, Manila Water group director, said that before the flooding some of their units had no power generators. After Ondoy and Pepeng, however, the company has ensured that all their units had a minimum three-day standby power supply. -Cheryl M. Arcibal, GMANews.TV
