San Miguel, PLDT: How donations and business interests mix

Rappler.com
The donations and grants of San Miguel and PLDT to respective local government and state-owned agency are related to their core businesses

MANILA, Philippines – Rappler.com spotted two online stories on corporate donations and grants.

The beneficiaries and the projects are related to the business interests of the companies.  

For example, MindaNews reported on San Miguel Corp’s P25 million donation to the hospital project of South Cotabato provincial government. The province hosts a massive coal deposit in Lake Sebu town where the diversifying conglomerate has mining investments. 

The provincial legislators granted Gov. Arthur Pingoy Jr the authority to accept the donation, stressing this will not influence their decision to implement a controversial environmental code that prohibits open-pit mining. San Miguel has a stake in three coal mining firms that, together with extractive companies, have a pending request with the provincial government to lift the ban.

San Miguel will construct the P53 million-worth hospital in the town of Surallah that will serve patients from the upper valley portions of the province.

Read more here.

On the other hand, Philippine Long Distance Telephone Company (PLDT) will provide laptops and internet connectivity to link 188 post offices all over the Philippines.

According to Netherlands-based Telecompaper, a telecom industry news aggregator, the country’s biggest telecom player and government owned and controlled Philippine Postal (PhilPost) will also utilize this network for logistics and remittance businesses.

PLDT has been focusing on data-related ventures to complement its stagnant voice and SMS businesses.

Read more here and here.