Manila, Jan. 12 -- A Palace official on Sunday welcomed the decision of DMCI Holdings Inc. Chairman Isidro Consunji to compensate tenants of Ecoland 4000 homeowners for their condo units which collapsed due to the 6.5-magnitude earthquake which struck Davao City last October.

Consunji made the decision after President Rodrigo Duterte on Friday took a swipe at him, a shareholder of Maynilad, for making remarks on the latest issue on water, while the latter refused to take responsibility for the damaged condo units built by its sister firm in Davao.

The condominium was built by a DMCI subsidiary.

"We welcome DMCI President and CEO Isidro 'Sid' Consunji's acceptance to settle the damages endured by the residents of Ecoland 4000 from earthqu...