KUALA LUMPUR, 31 March 2020 – Fraser & Neave Holdings Bhd (F&NHB) has been focusing its efforts to minimize the impacts of the COVID-19 outbreak on its operations and the well being of its people.
As a major dairy and beverages manufactures in Malaysia, F&NHB Group is among companies approved by the Ministry of International Trade and Industry (MITI) and relevant local authorities to continue operating at reduced workforce and operating hours during the Movement Control Order (MCO).
F&NHB Chief Executive Officer, Lim Yew Hoe affirmed the Group’s commitment to support its customers, trade partners and the community as a whole with adequate supply of core F&N products amidst the uncertainties.
In addition to guaranteed full pay and medical support for all F&NHB employees, the Group is also doing more for its employees during this challenging period.
“For all our employees, we have decided on early payment of contractual bonus in April and May to assist those whose families may require cash during this period. This also serves as an addition/ alternative to the Government’s recent policy to allow partial withdrawal from the EPF. In addition, all monthly deductions from motorcycle loans with the Group have been deferred for four months.”
Lim Yew Hoe, F&NHB Chief Executive Officer
Lim said it is too early to assess the financial impact, as the crisis is still unfolding, including in Thailand where the Group derives significant revenue and profit form
He also added that the primary focus is on the well being of his employees while ensuring adequate supply to the market. The Group will also work closely with their trade partners and suppliers to ensure minimal distruption during this period when cash flow is likely to be tight.
Since the outbreak of the COVID-19 pandemic in Malaysia, F&NHB has been contributing products such as 100PLUS Isotonic Drinks, F&NHB Ice Mountain Mineral water and Sunkist Orange Juices to the frontliners in both Peninsular and East Malaysia.
The recipients include Sungai Buloh Hospital, Selayang Hospital, Kuala Lumpur Hospital and Queen Elizabeth Hospital; the Royal Malaysia Police, the National Disaster Management Agency (NADMA) and a number of city councils among others.