HK businessmen raise P90-M for PH ‘ultra-poor’

  • HK rich businessmen raise P90-M through a charity banquet held early this year
  • Around 1.7-million families from poor communities in 17 provinces is set to benefit from the donations
  • The group’s CEO says hope is the key to address people living in extreme poverty

MANILA, Philippines – The Philippines’ “poorest of the poor” will be the beneficiary of the P90-million raised by rich Hong Kong businessman in a recent charity and auction banquet held early this month.

More specifically, the 1.7M poorest families earning a measly P13 a day from around 17 provinces in the Philippines will get the financial assistance made possible through charity efforts of International Care Ministries(ICM), a non-profit global organization.

Record-breaking amount

The ICM held its 11th annual banquet last October 8 at the Hong Kong Convention and Exhibition Centre, the Inquirer reports, and successfully raised HK$15.2-M (P91.4-M) from auctioned trips to luxury resorts in some of the world’s best destinations.

Money were also raised from auctioned artworks donated by Filipino artists Ramon Orlina and Daniel de la Cruz; while another HK$4.3m (US$550K) of matching funds were donated by 800-plus guests who attended the event.

The amount was record-breaking in ICM’s history and was well above last year’s HK$11.5m (US$1.5m). (Click here to read more)

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