Standard Chartered Bank contributes USD 100,000 to the British Red Cross to support victims of the Myanmar earthquake
Standard Chartered Bank today announced a contribution of USD 100,000 to the British Red Cross, the Bank's emergency response partner, in support of the ongoing humanitarian relief efforts following the devastating 7.7 magnitude earthquake that struck central Myanmar on 28 March 2025.
The earthquake, one of the strongest in recent memory, has resulted in significant loss of life and widespread destruction claiming over 3,600 lives, injuring more than 5,500 and displacing thousands of people across affected regions. The hardest-hit areas include Mandalay and Sagaing, where many communities remain cut off and in urgent need of assistance. Ongoing aftershocks have further complicated rescue and recovery efforts.
The donation will help the British Red Cross provide critical emergency support, including food, clean water, psychosocial support, medical assistance, and essential relief items to those affected. With infrastructure damaged and basic services disrupted, the humanitarian needs in Myanmar remain acute.
Patrick Lee, CEO, Singapore and ASEAN, Standard Chartered, said:
"We are deeply saddened by the devastation caused by the earthquake in Myanmar. Our thoughts are with the families who have lost loved ones, and those who are suffering in the aftermath. At Standard Chartered, we believe in standing with our communities in times of need. Through our partnership with the Red Cross, we aim to support those most impacted and contribute to the longer-term recovery."
Richard Blewitt, Executive Director, International, British Red Cross said:
"The British Red Cross extends heartfelt thanks to Standard Chartered for their remarkable support of our Myanmar Earthquake appeal. The devastating earthquake saw thousands of lives lost, families torn apart and millions facing the loss of their homes and livelihoods. The challenges ahead for the people of Myanmar are immense but thanks to your support we are able to be there, supplying shelter, food and healthcare, making a real difference for people in crisis."
In addition to the corporate donation, Standard Chartered has also mobilised internal fundraising efforts, with a dedicated Red Cross donation link created for employees across all markets who wish to contribute personally to the relief efforts.
The Bank continues to stay connected with local humanitarian partners and is exploring further avenues to support recovery efforts in the region.
Standard Chartered Bank has lowered Thailand's 2025 economic growth to 2.4% from 2.8%, expecting the Bank of Thailand's Monetary Policy Committee to cut its policy rate by 25 basis points at the meeting in April. "Ongoing uncertainty is a challenge for central banks. We have lowered our 2025 GDP growth forecast for Thailand to 2.4% from 2.8% to reflect increasing global trade uncertainty and the impact of the March earthquake, particularly on private spending, the tourism sector and the property
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