News Straits?Times, 19 January 2007
YTL Corporation Berhad yesterday donated RM3 million to the NSTP Flood Victims Assistance Fund - the single largest contribution by a corporate entity since massive floods hit Johor and parts of Pahang over the last few weeks.
The fund, which is channeled to the National Disaster Relief Fund and used to help flood victims get back on their feet, was also boosted by another major donor - the Hong Leong Foundation, which donated RM1 million.
Total donations to the fund now exceed RM7.5 million,
All donations are tax-exempt.
YTL Managing Director Tan Sri Dr Francis Yeoh, who presented the cheque to News Straits Times Press (M) BHD deputy chairman Datuk Kalimullah Hassan and chief executive officer Datuk Syed Faisal Albar, said compassion was part and parcel of Malaysian culture and YTL wanted to do whatever it could to alleviate the sufferings of the flood victims.
"We know that no amount can compensate for their loss and suffering. It is distressing and sad that our fellow Malaysians' lives have been totally disrupted due to this natural disaster," he said.
"But we hope that this contribution - which comes from our heart - would be useful in some way."
Yeoh praised the NSTP management for always being at the forefront in helping victims of natural disasters, such as the 2004 tsunami where the newspaper collected more than RM47 million from thousands of generous Malaysians and corporations, and for victims of the Pakistan earthquake and the Lebanon war.
Yeoh also spoke of the need of all Malaysians to preserve nature and the environment as he believed that wanton destruction and pollution was responsible for global warming and the violent fluctuations in weather patterns throughout the world.
YTL is one of the largest companies listed on the Kuala Lumpur Stock Exchange.
Its key businesses include utilities, high speed rail, cement manufacturing, construction contracting, property development, hotels and resort management.