Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


ING contributes USD 1 million

30 December 2004

ING contributes USD 1 million to regions hit by tsunami

ING Group today announced that it will contribute USD 1 million to a relief fund for those affected by the tsunami in South and South-East Asia . ING started an initiative to allow its businesses and its employees worldwide to participate in a global fund raising effort. An ING Tsunami Support Account has been established and all international staff donations to this account will be used for disaster relief in the regions affected by the crisis.

The ING Group Executive Board has committed the first USD 1,000,000 to the ING Tsunami Support Account, on behalf of all ING’s businesses. This includes a special contribution of USD 100,000 of the ING Insurance Asia/Pacific regional office in Hong Kong, since their region was directly hit.

“I hope this contribution of ING and the additional donations of its employees can be of help to the relief efforts in the countries that have been hit so tragically,” said Michel Tilmant, CEO of ING Group.

The fund will primarily serve two purposes: it will aim to provide assistance where it is most urgently needed, and as the scale of the tragedy and the need for reconstruction in the regions becomes clear, the fund will also commit to supporting longer-term projects. This will closely be coordinated through ING’s local offices and in cooperation with international aid organizations. ING’s offices have not been damaged and all ING employees working in the regions have been accounted for.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news