Admin
22nd December 2004, 15:14
NEW YORK, December 9, 2004 --- The Philippine government on Monday received a P1-million donation from the New York Life Insurance (NYLI) for the government’s relief and rehabilitation operations of the flood-ravaged areas in Bicol, Southern Tagalog and Central Luzon.
The donation was turned over to the President Gloria Macapagal-Arroyo by NYLI president Fred Sievert, who paid a courtesy call on her this morning in Malacañang.
The President then handed over the NYLI donation to Defense Undersecretary Ernesto Carolina of the National Disaster Coordinating Council (NDCC).
Sievert also mentioned to Arroyo on NYLI’s plans to expand its insurance business in the country.
“Our company is doing very well in the Philippines and we are happy doing business here,” Sievert said.
He told the President that NYLI would infuse fresh capital into its Philippine operations.
Arroyo congratulated NYLI for its success even as he thanked Sievert for his company’s social responsibility. “I wish you more success doing business in the Philippines,” she said.
Sievert said NYLI’s target is to join the circle of the top five insurance companies in the country. He expressed confidence that this objective is attainable given NYLI’s expansion program and additional capital investment.
“The President has expressed her appreciation for the outpouring of support from the foreign community. The United Nations Disaster Assessment Group is here and they’ve been assessing the situation in the calamity areas for the last three days,” Carolina said.
He added that UNDAG has raised $500,000 from foreign donors to fund relief and rehabilitation efforts in the areas hit by the calamity.
Carolina said that the UN disaster assessment team issued an appeal last week to other foreign organizations to extend assistance to the disaster victims.
$10G donation from PAF
In a separate event, Ambassador to the US Albert del Rosario received on Monday a $ 10,000 check for the Filipino typhoon victims from the Philippine American Foundation (PAF).
“The PAF saw the appeal of the Ambassador to the community for donations to help the victims and we responded to that call,” Ms. Irene Natividad, executive director of PAF, said.
“Our donation is targeted towards the provision of shelter for the typhoon victims,” added Natividad, who also cited PAF’s other shelter provision projects for the victims of the 1991 Mt. Pinatubo eruption and last year’s Leyte mudslides.
Del Rosario thanked Natividad and the PAF for the donation for the Philippine government’s relief and recovery efforts to ease the suffering of thousands of Filipinos who have been affected by typhoons “Winnie” and “Yoyong.”
The PAF is a non-profit organization established in 1986 to promote economic development in the Philippines
The donation was turned over to the President Gloria Macapagal-Arroyo by NYLI president Fred Sievert, who paid a courtesy call on her this morning in Malacañang.
The President then handed over the NYLI donation to Defense Undersecretary Ernesto Carolina of the National Disaster Coordinating Council (NDCC).
Sievert also mentioned to Arroyo on NYLI’s plans to expand its insurance business in the country.
“Our company is doing very well in the Philippines and we are happy doing business here,” Sievert said.
He told the President that NYLI would infuse fresh capital into its Philippine operations.
Arroyo congratulated NYLI for its success even as he thanked Sievert for his company’s social responsibility. “I wish you more success doing business in the Philippines,” she said.
Sievert said NYLI’s target is to join the circle of the top five insurance companies in the country. He expressed confidence that this objective is attainable given NYLI’s expansion program and additional capital investment.
“The President has expressed her appreciation for the outpouring of support from the foreign community. The United Nations Disaster Assessment Group is here and they’ve been assessing the situation in the calamity areas for the last three days,” Carolina said.
He added that UNDAG has raised $500,000 from foreign donors to fund relief and rehabilitation efforts in the areas hit by the calamity.
Carolina said that the UN disaster assessment team issued an appeal last week to other foreign organizations to extend assistance to the disaster victims.
$10G donation from PAF
In a separate event, Ambassador to the US Albert del Rosario received on Monday a $ 10,000 check for the Filipino typhoon victims from the Philippine American Foundation (PAF).
“The PAF saw the appeal of the Ambassador to the community for donations to help the victims and we responded to that call,” Ms. Irene Natividad, executive director of PAF, said.
“Our donation is targeted towards the provision of shelter for the typhoon victims,” added Natividad, who also cited PAF’s other shelter provision projects for the victims of the 1991 Mt. Pinatubo eruption and last year’s Leyte mudslides.
Del Rosario thanked Natividad and the PAF for the donation for the Philippine government’s relief and recovery efforts to ease the suffering of thousands of Filipinos who have been affected by typhoons “Winnie” and “Yoyong.”
The PAF is a non-profit organization established in 1986 to promote economic development in the Philippines