{
    "success": true,
    "data": {
        "id": 1918914,
        "msgid": "prabowo-praises-pt-timah-as-profits-soar-805-after-closure-of-1-000-illegal-mines-1786683141",
        "date": "2026-08-14 11:00:40",
        "title": "Prabowo Praises PT Timah as Profits Soar 805% After Closure of 1,000 Illegal Mines",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "President Prabowo Subianto has highlighted a dramatic surge in PT Timah's performance, attributing a 805% leap in net profit to the closure of 1,000 illegal tin mines. The President also reported significant profit increases across other state-owned enterprises, with total BUMN profits reaching Rp 326 trillion in 2025. He projected that net dividends to the state could quadruple by 2026.",
        "content": "<p>President Prabowo Subianto has highlighted the soaring performance of\nPT Timah Tbk as a direct result of a crackdown on illegal mining in\nBangka Belitung. The company\u2019s net profit reportedly surged by 804.7% in\nthe first half of 2026.<\/p>\n<p>Speaking at the Annual Session of the MPR and Joint Session of the\nDPR and DPD in commemoration of the 81st Anniversary of the Republic of\nIndonesia at the Nusantara Building, Parliament Complex, Senayan,\nCentral Jakarta, on Friday (14\/8\/2026), Prabowo stated, \u2018At the end of\nlast year, we closed 1,000 illegal tin mines.\u2019 He noted that the impact\nwas immediately visible in the company\u2019s financial reports, with the\ncompany\u2019s valuation also rising by 280% in August 2026 compared to\nAugust 2025.<\/p>\n<p>Prabowo emphasised that the restructuring was not limited to the\nmining sector but was carried out on a massive scale across all\nstate-owned enterprises (BUMN). He detailed that in the first half of\n2026, PT Semen Indonesia\u2019s net profit rose by 408.9% and PT Pupuk\nIndonesia\u2019s by 252.8%, while PT Pertamina\u2019s net profit grew by 86%.\nPegadaian recorded an 84.4% increase in net profit, supported by the\ntransformation of its Gold Bank business, while Pelindo\u2019s net profit\nrose by 60.4% and PTPN\u2019s by 54.4%.<\/p>\n<p>The President reported that BUMN profits for 2024 were revised to Rp\n186 trillion, with dividends of Rp 85.5 trillion. Following a series of\nimprovements, BUMN profits in 2025 reached Rp 326 trillion, an increase\nof 75.3% compared to 2024. \u2018This Rp 326 trillion is profit without any\nnumber games,\u2019 he asserted. Dividends paid in 2025 amounted to Rp 142.3\ntrillion, a 67% increase from the previous year.<\/p>\n<p>Prabowo further explained that the dividend figure is more accurately\nread on a net basis, after deducting state capital injections (PMN)\ndisbursed from the state budget to BUMN in the same year. Using this\ncalculation, net dividends minus PMN in 2024 were Rp 53 trillion, which\nsurged 160% to Rp 138 trillion in 2025. For this year, net dividends are\nprojected to rise further to Rp 200 trillion without any PMN. \u2018This\nmeans that from 2024 to 2026, it has risen from Rp 53 trillion to Rp 200\ntrillion, or it can be said to be four times larger,\u2019 Prabowo\nconcluded.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-praises-pt-timah-as-profits-soar-805-after-closure-of-1-000-illegal-mines-1786683141",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}