Singapore awards RI tycoon

JAKARTA (JP): Asiatic Enterprises Pte. Ltd. which is owned and managed by Indonesian businessman Johanes Widjaja (left in above picture) ranked ninth on the 1996 Enterprise 50 list of the best performing private companies in Singapore.

Widjaja received a trophy from Singapore's Prime Minister Lee Hsien Loong (2nd left) at a gala event held at the Ritz Carlton Hotel in Singapore Wednesday night.

The annual listing of the 50 best performers was organized by Andersen Consulting and The Business Times newspaper in cooperation with the Economic Development Board.

Serial System, a semi-conductor distributor, which has successfully diversified into chip design and development, topped this year's list.

In addition, Widjaja also received the Entrepreneur of the Year award from the Singapore Small-Medium Enterprise Institute. (vin)