PT Multi Bintang Indonesia Tbk (IDX: MLBI) to pay dividend Rp475 (US$0.032) a share - Photo: Special

JAKARTA (TheInsiderStories) – Brewing company, PT Multi Bintang Indonesia Tbk (IDX: MLBI) to pay dividend Rp475 (US$0.032) a share, the management announced today. Last year, the unit of Dutch firm, Heineken N.V.’ profit fell by 76 percent from Rp1.21 trillion to Rp286 billion due to weak sales because of the COVID-19 outbreak.

The revenues also slumped by 47 percent to Rp1.98 trillion to Rp3.71 trillion in the previous year. The sales of alcoholic drinks dropped by 49.85 percent to Rp1.64 trillion, while non-alcoholic products plunged by 21.82 percent to Rp440.87 billion compared to 2019.

“We are optimistic that with the various initiatives we have undertaken in 2020 will continue to drive recovery in 2021,” said René Sánchez Valle, president director of Multi Bintang in a statement released on Tuesday.

While, finance director, Sandra Pattenden said, as a company engaged in the beverage industry, her company welcomes all government policies that are intended to revitalize the economy, especially in the tourism sector, which is the domain of the company’ product sales.

Currently, Multi Bintang continues to focus on coordinating with customers and helping them to jointly experience a new era of normality through business practices that prioritize the health and safety of employees and consumers.

She also ensures that the non-alcoholic beverages business segment will continue to be an important part of the company in the future. The producer has launched a new variant of the alcohol-free in the middle of last year. The company has a strong belief in the development of products in this segment in 2021.

Last year, Indonesian parliament proposed the Prohibition of Alcoholic Drinks to the government, the document contained seven chapters and 24 articles. Now, the bill entered the National Legislation Program 2020 – 2024 discussion. The discussion of the law have been started since 2015.

The chapter of the the proposed law discusses alcohol drink circulation, the production process, circulating of the products. The ban applies to all alcoholic beverages from beer to wine.

Article 5 stated, “Every person is prohibited from producing class A, class B, class C of alcoholic beverages, traditional alcoholic drinks, mixed or concocted alcoholic beverages”. Then, Article 6, said every person is prohibited to import, storing, distribute or selling class A, group B, class C, traditional alcoholic drinks, mixed or concocted alcoholic beverages in Indonesian territory.

However, there are certain places and activities that are not subject to restrictions like customary interest, religious ritual, tourists, pharmacy, and places permitted by statutory regulations like duty-free shop, five star hotels, restaurants with badge and selaka tray, bar, pub, night club, and specialty shops selling alcoholic drinks.

The sanctions for those who violate these provisions at least two years and a maximum of 10 years or fine at least Rp200 million and a maximum of Rp1 billion. The people who consume alcohol drinks are also threatened with criminal sanctions.

Everyone who consumes alcoholic drinks as referred in the provision. shall be sentenced to imprisonment of at least three months to 2 years or a fine Rp10 million to Rp50 million.

US$1: Rp14,600

Written by Editorial Staff, Email: theinsiderstories@gmail.com