TOKYO – The Mitsubishi UFJ Financial Group, Inc. (MUFG) said Friday it will donate 100 million yen to help Filipino students in Japan “tide through economic difficulties during the COVID-19 pandemic.”
The donation will be made to the Association of Filipino Students in Japan (AFSJ) through Security Bank in the Philippines, MUFG's partner bank in the country.
The AFSJ, which provides assistance to Filipino students and graduates in Japan, is one of the four beneficiaries of the total ¥400 million financial aid from MUFG. Other recipients that will receive ¥100 million each are embassies and student support associations in Japan of Thailand, Indonesia and Vietnam.
“The donation will serve as financial aid to students from these four countries who may experience any economic hardship or have their studies in Japan interrupted due to the COVID-19 situation,” MUFG said in a statement.
It added, “Through this donation, MUFG aims to contribute to the social and economic development of Southeast Asian countries, which are one of MUFG's most important markets, and Japan.”
The five companies from the MUFG group that have pledged to donate are MUFG Bank, Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Holdings Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd., and ACOM CO., LTD. - Florenda Corpuz