Jakarta Pressured Again to Sell PT Delta Beer Shares



Laila Afifa

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  • TEMPO.CO, JakartaPressure for Jakarta Governor Anies Baswedan to sell the city’s share in beer maker PT Delta Djakarta has increased again due to the controversy that followed the introduction - and immediate retraction - of the Presidential Regulation regarding investments in alcohol beverages.

    There are two arguments regarding Jakarta’s share in PT Delta Djakarta, which the city had since the era of Governor Ali Sadikin, with those who support Jakarta’s share in the firm as it financially benefits the city. 

    Jakarta’s regional-owned enterprises (BUMD) board of trustees secretary, Riyadi, noted that the city benefited by receiving dividends up to Rp81.97 billion from its 26.25 percent share at PT Delta Djakarta in 2020, which is actually a lower number compared to the previous year. 

    “The dividends we received last year dropped compared to the previous year that reached Rp100.47 billion,” said Riyadi at City Hall on Thursday, March 4. “PT Delta is one of the joint ventures that are beneficial.”

    However, Riyadi said that the city has committed to letting go of the beer share as Jakarta Governor has on three occasions sent letters of requests to the Jakarta Regional Council (DPRD) to sell the shares with no avail. 

    “We have even produced two studies related to the plan on selling PT Delta shares,” said Riyadi. 

    He referred to studies by the Jakarta administration on investment and divestment reviews towards PT Delta Djakarta. Riyadi also planned to make another study regarding its selling price only after legislators have started to discuss divestment possibilities. 

    Read: Jakarta Deputy Governor Asserts Commitment to Sell Beer Shares in PT Delta