NST Online: Topnews

Posted: 14 Jul 2011 10:25 PM PDT

Invest in talents

KUALA LUMPUR: The private sector should adopt the culture of investing in talents and view it as an investment rather than expenses, says Bank Negara Malaysia Assistant Governor Marzunisham Omar.

He said the central bank has been actively involved in the sphere of education and concentrated on preparing high-quality talents particularly in the finance industry.

One such initiative was the central bank's Graduate Programme which created a structured programme for graduates to learn and develop competency skills as required by the industry.

"We have allocated some RM20 million for the Graduates Programme (GP). We have spent not more than half (of the amount) and are seriously looking at extending this programme," he told reporters after a media briefing here today.

Marzunisham said rising demand for technical and soft skills among graduates has created a competitive market for them, hence many graduates face stiff competition in seeking employment. BNM has undertaken two graduate programmes todate and has trained 700 graduates and a majority of them have been absorbed into the industry afterseveral months of attachment. The project, which is fully sponsored, aimed to enhance the employability of graduates, particularly those from low-income families.

It also provides participants the opportunity to develop job-related competencies as well as acquire on-the-job learning via attachment with various bodies.

The programme's success has been emulated by the government through the 1Malaysia Training Scheme, said Marzunisham.

The central bank also offers scholarships, annually, for higher education such as the Kijang Emas scholarship, as well as, scholarships for employees to pursue their education right up to the doctorate level. -- BERNAMA

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Indonesian volcano erupts, spewing rock and lava

Posted: 14 Jul 2011 08:14 PM PDT

JAKARTA: An Indonesian volcano has erupted, spewing rocks, lava and ash hundreds of metres into the air, an official said Friday, just days after its alert status was raised to the highest level.

There has been a significant rise in volcanic activity at Mount Lokon on Sulawesi island since June 9, prompting more than 4,400 people to flee.

"There was a big eruption around 10:31pm local time (1531 GMT Thursday), which saw ash, sand and rocks thrown 1,500 metres (4,800 feet) into the air," government volcanologist Kristianto told AFP.

Grass and shrubs in an area stretching 500 metres around the volcano were on fire but there was no immediate danger to people living nearby, he said.

The volcano's status was raised to its highest red alert level after it spewed ash 500 metres into the air over the weekend, leading to a 3.5-kilometre (two-mile) evacuation zone being established in case of a bigger eruption.

"There is no mass panic because the community has already been warned of the situation and we are continuing to evacuate people," added Kristianto, who like many Indonesians uses only one name.

Around 28,000 people live within the evacuation zone.

North Sulawesi disaster management head Hoykee Makarawung said more than 4,400 people have been evacuated so far.

"Thank God, the condition has eased off since last night. The fire around the area has also vanished by itself," Makarawung said.

"Earlier today the volcano also erupted but it was not as great as last night," he said.

The 1,580-metre Mount Lokon is one of the most active volcanoes in Indonesia. It erupted in 1991, killing a Swiss tourist.

The Indonesian archipelago has dozens of active volcanoes and straddles major tectonic fault lines known as the "Ring of Fire" between the Pacific and Indian oceans.

The country's most active volcano, Mount Merapi in central Java, has killed more than 350 people in a series of violent eruptions that started in late October. -- AFP

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Khamis, 14 Julai 2011