Which Is More Profitable For DKI, Sell Beer Shares Or Not?

Photo illustration (Source: Delta Jakarta)

JAKARTA - DKI Jakarta Governor Anies Baswedan's plan to sell the share ownership of PT Delta Djakarta Tbk beer has no end. The DPRD DKI leadership did not want to accept the proposed release of the 25.26 percent stake.

The profit-loss scheme is an issue that will be questioned by the DPRD if the beer shares are released. Responding to this, Acting Head of DKI Riyadi Regional Owned Enterprise Development Agency (BP BUMD) explained the profit comparison if beer shares were sold and maintained.

"Optimizing the benefits for development if PT Delta Djakarta shares are sold for Rp. 800 billion. This is the proceeds from the sale if the assumed price per share is Rp. 3,800," Riyadi said on Tuesday, March 10.

Riyadi said that the Rp. 800 billion profit would be used for 40 school developments. Each school is budgeted for Rp. 20 billion.

Then, the construction of 5 hospitals with a cost of IDR 150 billion each. Plus, 80 thousand clean water connections at a cost of Rp10 million each.

"If it is not sold, there will be revenue from PAD (dividend) with the assumption that an average of Rp 50 billion per year," he said.

Photo illustration (Source: Delta Jakarta)

From the profits earned per year, DKI Pemprov can build 2 school units. Also, DKI can build a hospital in the third year or clean water connections for as many as 5,000 units.

Riyadi explained why Anies Baswedan wanted to sell shares of the beer company that produced Anker to San Miguel. Riyadi said that the regional medium-term development plan (RPJMD) as long as Anies was in office did not mandate ownership of products that did not provide public benefits.

"Based on the RPJMD, this product (beer) is generally considered unhealthy. This product is not relevant to the development of DKI Jakarta," he said.

Riyadi explained that the desire to divest PT Delta's share ownership is in line with the mandate of the Preamble of the 1945 Constitution that the state is obliged to protect all Indonesians. One form of protection that must be provided by the state to its citizens is health protection.

Questioning the decision of the DKI Provincial Government

Governor of DKI Jakarta Anies Baswedan (Diah Ayu Wardani / VOI)

Meanwhile, alcoholic beverage products according to health experts can actually interfere with health. This is not in line with basic services that provide public benefit for the people of DKI Jakarta, "he explained.

Previously, DKI DPRD Chairman Prasetyo Edi Marsudi questioned the reason the DKI Provincial Government wants to sell shares of the liquor production company PT Delta. He needed a rational reason in giving the license to release these shares.

According to Prasetyo, there will be no financial loss if the DKI Pemprov owns shares in PT Delta. In fact, DKI has received income from share ownership gains received since the days of DKI Governor Ali Sadikin.

"The report I received from PT Delta has contributed dividends to the Regional Wealth Management component which is separated in the 2019 Regional Budget for DKI Jakarta amounting to Rp100.4 billion. This position is the second largest contributor to dividends to DKI Jakarta after PT Bank DKI amounting to Rp240 billion," he said. Prasetyo.

He also asked Anies to provide an explanation regarding the impact of the release of the beer shares. "An analysis is needed from a comprehensive study of the divestment plan of the DKI Jakarta Provincial Government's ownership in PT Delta Djakarta TBK," he said.

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