Commission C Discusses Realization of BUMD Dividend

Jakarta Legislative Council (DPRD)'s Commission C, discussed the realization of Regional-owned Enterprises (BUMD) dividends in a work meeting on the adjustment of the 2020 city budget (APBD), on Monday (5/11).

From the meeting results, the city administration will receive a dividend of Rp 703.7 billion this May

"19 BUMDs have gone through the general shareholders meeting (RUPS) and some have not. From the meeting results, the city administration will receive a dividend of Rp 703.7 billion this May," expressed Commission C Vice Chairman, Rasyidi HY.

DPRD Commits to Achieve Revenue Projection by Rp 47.1 Trillion

Besides that, they would also receive a corporate social responsibility (CSR) budget allocation around 3 percent of BUMD profit, which is also earmarked for handling COVID-19 with the legislator.

"This really helps our shortcomings. The legislator will receive 1,600 staple food packages from CSR to be given to the needy," he explained.

Commission C Member Andyka hoped that CSR distribution could be on the target in each region affected by the COVID-19 outbreak, which is putting the region’s underprivileged at a higher risk of slipping into extreme poverty during the crisis.

"DPR also does the same thing, whereby its budget is from CSR BUMN," he closed.