Megawati supports special laborers' bank

Megawati supports special laborers' bank

JAKARTA: Minister of Manpower Jacob Nuwa Wea said President Megawati Soekarnoputri supported an idea to form a bank designed to allow employees easier access to loans.

"They (employees) can borrow money from the bank without difficult procedures by simply presenting a reference from their work place," Jacob told reporters after meeting Megawati on Monday.

He said he wanted the bank up and running by this year, and for that he had sought the support of the president.

According to Jacob, Megawati told him the idea needs further study but that she is basically very supportive of it. -- JP