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Tsunami Disaster - CORPORATE SECTOR RESPONSE
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The following is a summary of financial news related to the Tsunami disaster. This is primarily focused on gathering data about corporate and finance market contributions, rather than government or private contributions. The aim is to provide a resource for assessing 'best practice' in corporate and investor response in terms of reaction to this and future disasters, both during the immediate 'relief' phase, and during the longer term reconstruction phase. It also indicates the extent of aid efforts by the corporate sector across the Asian region, which has not been so well covered in the global media.
Please forward any updated news from your own countries or communities direct to david@asria.org or
post the ASrIA forum at http://www.asria.org/farchive1/1104481960/index_html |
Asian Tsunami:
Best Practice Response
ASrIA Forum
ASrIA Report
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Tsunami Information Resources include:
AID AGENCIES
Aid Agencies: A comprehensive list of global and regional aid agencies is available at http://www.tsunamihelp.info/wiki/index.php/Aid_Agencies
ASrIA does not endorse all these agencies. We will seperately publish news items about agencies that deserve and need support from time to time, and welcome feedback.
CORPORATE RESPONSE
There has been a very broad corporate response from across the region to the Tsunami disaster. The following provides a brief overview by country.
Australia | China | China related: Hong Kong | India | Japan | Korea | Malaysia | Singapore | Sri Lanka | Taiwan | Thailand | United Kingdom | United States
Australia
Australian corporate response:
http://news.ninemsn.com.au/article.aspx?id=25584
China
- China National Petroleum Corp, USD627,490 to Thailand and Indonesia
- COSCO (a Chinese company) has donated 10 million Yuan (USD1,208,240)to the China Red Cross
- Huawei Technologies Aid Four Tsunami-hit Nations with Telecom Equipments Worth over USD2 Million
- Lenovo, USD500,000 to Red Cross
- Mcdonalds (Thailand) USD60,412
- Soho, USD120,824
- TCL (a Chinese Company) has donated USD3,624,723
- Twelve privately owned companies in Zhejiang Province have donated 1.15 million Yuan
- Yili, USD60,412 to Red Cross
(several of above referenced from CSR Asia, 6 Jan 2005 csr
http://www.csr-asia.com/index.php/archives/2005/01/06/are-chinas-corporates-pulling-their-weight-on-tsunami-relief/ )
China related: Hong Kong
Hong Kong corporates were early leaders in responding and include the following:
- Bank of China have donated HKD 1 million
- Cathay Pacific has provided free flights for emergency aid and held inflight collections.
- Hong Kongˇ¦s Red Cross said it received $3.3 million in donations from the public and various organizations.
- HSBC USD 1 million
- Hutchison and Lee Ka Sing foundation have donated HKD24 million
- New World HKD500,000
- SHK have donated HKD 1 million
- The Jockey Club has donated HKD10 million
- ACCA: HK$500,000 Donation To Red Cross And UNICEF
India
Japan
In an outpouring of sympathy for survivors of the Asian tsunami disaster, Japan's top companies are pledging donations by the millions, sending cash, food and flashlights with hopes of raising their image in the region as good corporate citizens.
http://www.japantimes.co.jp/cgi-bin/getarticle.pl5?nn20050106a1.htm
Japanese companies in Thailand have been prominent in providing aid. Giant carmakers Toyota Motor Thailand and Asian Honda Motor each pitched in Bt10 million to help the southern victims. Suzuki Motor Corp said its local subsidiary would give 2.8 million yen (Bt1 billion). http://www.nationmultimedia.com/2004/12/30/business/index.php?news=business_15927154.html
Korea
Korean corporate response
http://times.hankooki.com/lpage/biz/200412/kt2004123116291111910.htm
http://www.koreaherald.co.kr/SITE/data/html_dir/2005/01/03/200501030026.asp
from CSR Asia (http://www.csr-asia.com)
Malaysia
Malaysian companies provide aid
http://www.csr-asia.com/index.php/archives/2004/12/30/malaysian-companies-providing-aid-for-tsunami-victims/
Singapore
Sri Lanka
Sri Lankan Corporates:
Taiwan
- Aid of USD50 million pledged by Government
- A Taiwanese enterprise has donated 11 Taiwanese dollars
- Several electronic and telecom companies have donated more than 10 million Taiwan dollar
Thailand
Thai corporates:
United Kingdom
United States
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