StanChart donates Rp 10b for Aceh<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
Standard Chartered Bank (SCB) is offering Rp 10 billion (about
\nUS$1 million) in grants to help finance relief efforts and
\nreconstruction work in tsunami-affected Aceh and North Sumatra.<\/p>\n
The money, which was symbolically handed over on Monday to
\nBank Indonesia, is part of $5 million the London-based bank has
\npledged for relief and reconstruction activities in countries
\naffected by the recent tsunami.<\/p>\n
SCB chief executive officer for Indonesia Stewart D. Hall said
\nthat of the Rp 10 billion, half would be disbursed immediately to
\nthe central bank for emergency relief efforts organized by the
\nInternational Red Cross.<\/p>\n
"The remaining Rp 5 billion will also be channeled through
\nBank Indonesia, for various programs in cooperation with United
\nNations agencies," he said.<\/p>\n
Hall said the SCB would continue to work with the central bank
\nto channel funds for future projects helping people in tsunami-
\nstricken areas.<\/p>\n
"As soon as the assessment of the disaster is complete, we
\nwill pledge more funds to build schools and orphanages there," he
\nsaid.<\/p>\n
SCB is one of the largest international banks operating in
\nIndonesia, with 12 branches in five major cities providing
\nservices to over 100,000 customers.<\/p>\n
Also, some $4 million worth of aid has been pledged by
\nautomaker General Motors (GM) and delivery company UPS to help
\ntsunami victims in affected countries.<\/p>\n
UPS, which is providing about $3 million in donations, said in
\na statement it would ship emergency relief supplies via air, sea
\nand land from Europe, Asia and the Americas.<\/p>\n
GM's donation is in the form of cash, which will be presented
\nto the International Response Fund of the American Red Cross.<\/p>\n
"General Motors wants to assist in the global relief efforts
\nto provide food, water, medicine and other resources to the
\ndisaster victims as quickly as possible," GM chairman and CEO
\nRick Wagoner said.<\/p>\n
Elsewhere, PT Korea Exchange Bank Danamon also donated Rp 1.85
\nbillion through Bank Indonesia as a sign of its commitment to
\nhelp tsunami victims.<\/p>\n
The bank also provided equipment and staff for the Korea
\nSupport Center for Tsunami Disaster located in Medan in order to
\nassist them in distributing the aid.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/stanchart-donates-rp-10b-for-aceh-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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