BUMN'S 2009 DIVIDENDS ESTIMATED AT RP 27.02 TRILLION

Jakarta, Sept 18 (ANTARA) - The dividends from state owned enterprises(BUMN) in 2009 had been reduced from Rp33 trillion to Rp27.02 trillion with a decrease of Rp5.8 trillion from state oil and gas company PT Pertamina, BUMN Minister Sofyan Djalil said here Wednesday.
The changed value comprised dividends from PT Pertamina and 19 other major BUMN,respectively Rp12.46 trillion and Rp12.22 trillion while the minor enterprises were expected to contribute Rp2.34 trillion.
The decreasing amounts were the result of several conditions such as the cancellation of LPG price hike, several accounts receivables and Pertamina's plan to increase capex.
"If the oil price is higher than what has been planned, perhaps we can find other solutions for additional dividends from Pertamina," the minister said.
The report was delivered in a hearing with the House of Representatives Commission XI which was also attended by Finance Minister Sri Mulyani and directors from state owned Bank Tabungan Negara, PT Krakatau Steel, PT Garuda Indonesia, PT Yodya Karya and state owned plantation companies PTPN III, IV and VII.
The enterprises discussed the privatization plan by Initial Public Offering held since January 2008.