Indonesia

  • Posted on January 4th, 2008 by Ishak S. Wonohadidjojo, Ed. D.

    There was an interesting fact published in Businessweek - Indonesia, December 5, 2007. Raffles Education Corp., a Singapore-based educational services provider, was listed as the second in the table of 100 best Small & Medium Scale Enterprises of 2007 after Ajisen (China) HoldingsHong—a Shanghai-based Japanese noodle chain restaurant. Raffles Education booked US$ 58.8 million sale in 2006 with $ 21.1 million net profit and 68.7% ROI (Return on Investment). Its average profit in the last three years is 72.7% with a market value of $ 1,584.1 million.

"…the education of youth should be watched with the most scrupulous attention. Education, in a great measure, forms the moral characters of men, and morals are the basis of government. …it is much easier to introduce and establish an effectual system for preserving morals, than to correct, by penal statutes, the ill effects of a bad system."

Noah Webster

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