Erick Thohir Reminds SOE Bosses About Dividend Deposit Target Of IDR 85 Trillion

SOE Minister Erick Thohir (Photo: Mery Handayani/VOI)

Minister of State-Owned Enterprises (BUMN) Erick Thohir reminded the president directors of state-owned companies to be able to deposit dividends for the 2024 financial year. The target set this year is IDR 85 trillion.

The target set this year is much higher than the BUMN dividend deposit during 2023, which is IDR 81 trillion.

"The state needs more. Therefore, this afternoon I met the president directors (principles directors) reminding that next year the dividends must increase again by Rp. 85 trillion," Erick said at the 2024 BCOMSS Night Awarding event, at Tennis Indoor Senayan, Central Jakarta, Thursday, March 7.

Along with this target, Erick said the process of transforming state-owned companies would continue to be encouraged. Therefore, state-owned companies are still asked to continue to carry out transformations.

Furthermore, Erick said that the transformation in question is both in terms of business models and adaptive attitudes towards all changes that occur in the future.

Previously, Erick admitted that he was optimistic that the BUMN dividend target of Rp. 85 trillion could be achieved in the remainder of his term of office which would end in October.

"The highest dividend in history is IDR 81 trillion and we will continue to increase it next year if possible IDR 85 trillion," he said, met at Pondok Indah Mall, South Jakarta, Tuesday, February 13.

Furthermore, Erick said that this dividend achievement is proof that state companies can contribute to state revenues. Erick said the dividend was supported by various transformations carried out.

"We have carried out an extraordinary transformation. You can see from the data, our assets used to be IDR 6,000 trillion. In 3.5 years our assets have reached IDR 10,000 trillion. This is extraordinary," he said.

Even during the COVID-19 pandemic that caused the whole world to experience a health crisis that had an impact on the country's economy, Erick said that SOEs had actually managed to reap profits.

"If we look at the Rp13 trillion profit of COVID-19, now it's Rp250 trillion," he said.