Djajanti Group forms scholarship fund

Djajanti Group forms scholarship fund

JAKARTA (JP): The widely-diversified Djajanti Group announced
yesterday the establishment of a Rp 1 billion (US$450,000) trust
fund to finance 160 scholarships for school children and students
in Maluku and Irian Jaya every year.

"We set up this fund as a token of our gratitude on the
occasion of the golden anniversary of our independence,"
Djajanti's Chairman Burhan Uray said at the launching of the
revolving fund yesterday evening.

Burhan added that the trust fund also reflected his group's
strong commitment to the development of Indonesia's eastern
region through the development of human resources.

He said the income from the fund would initially support 160
scholarships for primary, secondary school, high school and
university students a year.

"But the number is expected to increase as the fund grows
steadily," Burhan said, adding that the scholarships would be
granted to highly talented students from poor families.

The Djajanti Group is one of the country's largest forest-
based companies and manufactures a wide range of wood products.
The group has also diversified into fishing, sago processing,
tree-crop plantations, fishing-boat building and cement.

"Most of our business activities are based in the eastern
region, notably Maluku and Irian Jaya. We want to contribute more
to the development of human resources in that region," Burhan
said.

The students granted scholarships will be selected by two
provincial teams in Maluku and Irian Jaya in cooperation with
team at the Djajanti head office in Jakarta, he explained.

Burhan hoped that other business groups would contribute to
the trust fund or set up their own scholarship programs to
accelerate the development of human resources. (vin)