GE hands over bursary funds

JAKARTA: The GE Foundation, which is owned by giant U.S. conglomerate General Electric, handed over US$66,000 to fund bursaries for Indonesian university students on Tuesday.

Irid Agoes, the director of the Indonesian International Education Foundation (IIEF), received the bursaries from Stuart L. Dean, GE's Southeast Asia President, during a ceremony held at the Meridien Hotel, Jakarta.

The bursaries will be awarded to 16 students from various universities in the country to enable them to continue their studies. The bursary program has been running for five years and the company's foundation has to date disbursed US$355,438 to 66 Indonesian students to allow them to take undergraduate and postgraduate degrees.

Dean said that the objective of the program was to support the country by educating its people and develop its human capital.

GE is a multinational company that operates in over 100 countries, whose products range from aircraft engines to medical equipment. It has been operating in Indonesia since 1970.-- JP