Aldira Sunrise 8 November 2024

• Economy: President Prabowo signed regulation to write off MSME loans
On November 6, 2024, President Prabowo Subianto signed Government Regulation (PP) No.
47/2024, facilitating the write-off of non-performing loans for micro, small, and medium
enterprises (MSMEs) across key sectors such as agriculture, fisheries, and creative industries.
Bank Mandiri (BMRI) has expressed full support for this initiative, aligning with its
commitment to strengthening Indonesia’s grassroots economy. Corporate Secretary Teuku
Ali Usman stated that the policy is strategic for enhancing MSME competitiveness and
capacity. He also noted that the regulation will not financially impact Bank Mandiri’s balance
sheet or profit and loss statements, as the affected loans have already been written off.
Historically, the recovery rate for such loans, particularly in the KUR/KUM segments involving
farmers and fishermen, has been insignificant relative to the bank’s overall financial
performance. This policy is expected to revitalize MSMEs, enabling them to become more
productive and competitive in the market. Bank Mandiri remains committed to contributing
to national economic strengthening through innovative programs. (Emiten news)
• AALI faces legal cases related to overlapping land
Astra Agro Lestari (AALI) had received a summons letter regarding overlapping land. Director
of AALI, Tingning Sukowignjo, explained that the summons was related to AALI’s subsidiary,
namely Rimbunan Alam Sentosa (RAS), which is currently in legal proceedings at the Central
Sulawesi High Prosecutor’s Office. The legal process is due to the overlapping land of 1,329
hectares between RAS and Perkebunan Nusantara XIV (PTPN XIV). However, AALI said that
this case would not have a material impact, as the overlapping land only covers an area of
1,329 ha, while AALI’s total plantation covers an area of 213,157.94 hectares. The company has
submitted a letter requesting a postponement of the summons as it is still preparing the
necessary documents and information. (Kontan)
• BBNI supports MSME loan write off
Bank Negara Indonesia Tbk (BNI) has expressed support for Government Regulation No. 47
of 2024, which facilitates the write-off of bad debts for Micro, Small, and Medium Enterprises
(MSMEs) in sectors such as agriculture, fisheries, and other key industries. This regulation
provides a legal framework for state-owned banks to address non-performing loans within
the MSME segment. BNI’s Corporate Secretary, Okki Rushartomo, emphasized the bank’s
commitment to collaborating with stakeholders to ensure effective credit distribution to
MSMEs, aligning with sound governance principles. BNI is currently awaiting further
directives from the government to implement this policy effectively. This initiative aims to
bolster MSME operations, particularly in sectors critical to national food security and
economic stability. (Emiten News)
• PTRO ready to stock split with a 1:10 ratio
Petrosea (PTRO) revealed plans to hold a stock split with a ratio of 1:10. Thus, the nominal
value of PTRO shares will change from previously IDR 50 per share to IDR 5 per share after
the stock split. Likewise, the number of PTRO shares will increase from the previous
1,008,605,000 shares to 10,086,050,000 shares after the stock split. PTRO management hopes
that the stock split can increase the liquidity and trading frequency of PTRO shares. The
company will seek approval from its shareholders at the EGMS, scheduled for 16
Dec 24. (Kontan)