PON scoops in Rp 7.35b fund

PON scoops in Rp 7.35b fund

JAKARTA (JP): The 14th National Games Organizing Committee hardly bat an eye when it raked in Rp 7.35 billion (US$3.3 million) on Wednesday night, surpassing the set target of Rp 7 billion.

The whopping amount was donated by two private companies, PT Sida Karya and PT Baskara, during the launching of the Games' fund raising program. Sida Karya, an advertising company, won the broadcasting rights worth Rp 7 billion. Baskara, a dealer of American-made computers, pledged the rest.

The fund raising program was organized by Citrahasta Promotama, following a memorandum of understanding with the Games organizing committee in March. Citrahasta expects to garner Rp 10.75 billion, and will have to share any surplus with the Games organizing committee.

The Games will be held in September next year, costing the committee Rp 23.5 billion. The figure is Rp 5 billion higher than the total budget for the previous Games in 1993. (amd)