Sampoerna awards 34 scholarships

JAKARTA: The Sampoerna Foundation has awarded scholarships to 34 Indonesian students to pursue their master's degrees in business and management for the 2006 academic year.

The scholarships will enable the winners to study in universities in the United States, United Kingdom, France, Australia or at home.

"We believe that business and management expertise is vital for the national economic recovery," Eddy P. Henry, the foundation's director of programs and student relations, said.

U.S.-based Philip Morris took over the control of Sampoerna, one of the country's leading cigarette producers, in a major acquisition deal worth Rp 48 trillion (US$5.2 billion) last month. -- JP