State-Owned Enterprises to Pay More Dividends

By Editorial Team 05/09/2019
Summary

The government and the House of Representatives (DPR) on Wednesday agreed to increase next year’s dividend payment target of state-owned enterprises to Rp 49 trillion. The number is higher than the government’s initial state budget draft of 2020 at Rp 48 trillion. The DPR hopes that the raise of non-tax revenue from the state-owned enterprises’ profit will trigger the increase of the state-owned enterprises’ performance.

However, the state-owned enterprises’ dividend payment target in 2020 is lower than the 2019 state budget projection at Rp 49.61 trillion. Unfortunately, the realization of the dividend payment only reached Rp 45.59 trillion as a result of the global economic recession. Bank Rakyat Indonesia (BRI), Telkom, and Pertamina contribute Rp 9.3 trillion, Rp 8.5 trillion, and Rp 8 trillion respectively to this year’s dividend payment.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.