Govt to Reduce Dividend Payment from SOEs

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  • TEMPO.CO, Jakarta - Finance Minister Bambang Brodjonegoro said on Tuesday, December 9, 2014, that his institution was planning to cut dividend shares from state-owned companies. Bambang added that state-owned companies that dealt with infrastructure projects would have the highest dividend cut. 

    Bambang explained that such SOEs would get a special treatment to allow wider space for profit and strengthen capital. Among the SOEs are PT Pelindo, PT Wijaya Karya, PT Adhi Karya and PT Angkasa Pura. However, Bambang has yet to specify the percentage of the dividend cut. 

    “It will be decided in the next cabinet meeting,” Bambang said. 

    Last week, SOE Minister Rini Soemarno said the target of dividend shares from SOEs at Rp40 trillion could not be attained, since a number of SOEs had suffered losses. President Joko “Jokowi” Widodo even planned to scrap dividend payment for SOEs as it has become a hindrance for the companies to work on more projects.