BNY Mellon contributes P5-M aid for 'Yolanda' victims

MANILA, Philippines - Another international company on Friday said that it will donate US$125,000 (at least P5 million) to the victims of super typoon Yolanda (Haiyan) in the central Philippines.

BNY Mellon, an investment management and investment services company, said it is making an initial donation of US$100,000 to the International Federation of Red Cross and Red Crescent Societies to support the humanitarian groups' efforts in Visayas.

It said that it will also donate $25,000 to help the Stop Hunger Now ship 100,000 packed meals to the Philippines.

The company added that it will also match its employees individual donations "dolar for dollar" through its Disaster Relief Matched Giving Program, to be able to raise more funds for the victims of the monster typhoon, which has affeced nearly 10 million individuals in Visayas and parts of Luzon.

"It has been so difficult to witness the catastrophic losses experienced by the victims and their families of Typhoon Haiyan.   Our thoughts are with our local staff, their families and countrymen during this difficult time," Steve Lackey, BNY Mellon's Asia-Pacific chairman.

The Department of Foreign Affairs has said that the total amount of international donations as of noon today has reached P5.4 billion.

Nations and foreign companies immediately responded to the Philippines' call for help for the residents of Eastern Visayas badly-hit by the monster typhoon.