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JAKARTA, Indonesia, April 1, 2021 /PRNewswire/ PT. Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) announces that it has approved 65% dividend payments of the 2020 consolidated net profit of IDR 18.6 trillion, resulting in high-dividend paying of IDR 12.1 trillion. The remaining 35 percent, or IDR 6.5 trillion, will be used as retained earnings.
The approval has been made by its Board of Directors, during the 2021 Annual General Meeting of Shareholders (AGMS) at the BRI Headquarter, Jakarta, on Thursday (25/03).
Bank BRI Board of Directors at 2021 Annual General Meeting of Shareholders (AGMS), JAKARTA (25/03)
The dividend pay-out ratio for the 2020 financial year has increased by 60 percent compared to the dividend pay-out ratio for the 2019 financial year, according to BRI s Deputy President Director, Catur Budi Harto. He stated that the dividend ratio was determined by considering projections of sustainable business growth to maintain a
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âThis is going to have a devastating impact on people across Australia,â she said.
The committee chair, Liberal senator Wendy Askew, said the $50-a-fortnight boost was the âlargest increase to working-age support payments in more than 35 yearsâ.
âThe committee notes that the permanent increase represents a cost of an additional $9bn to the social security and welfare budget across forward estimates, accounting for around a third of all government spending,â she said.
Askew said the committee believed the âtaxpayer-funded increaseâ of $50 a fortnight âbalances the need to ensure payments encourage and enable workforce participation with the need for the welfare system to be fiscally sustainable for future generationsâ.