ANNOUNCEMENT OF RESUME OF MINUTES OF ANNUAL GENERAL MEETING OF SHAREHOLDERS of PT AKR Corporindo Tbk

Having Its Domicile in West Jakarta ("Company")

The Board of Directors of the Company hereby announces to the Company’s Shareholders that the Company has convened an Annual General Meeting of Shareholders by the following summary of minutes: Day/Date : Thursday, April 30, 2020 Time : 10.18 WITZ – 11.29 WITZ Venue : AKR Gallery West, Meeting Room P2 Floor, Jl. Panjang No.5, Kebon Jeruk, Jakarta Barat 11530, Indonesia Attendance : - Board of Commissioners : Mr. I Nyoman Mastra, Independent Commissioner - Board of Directors : 1. Mr. Haryanto Adikoesoemo, President Director

2. Mr. Suresh Vembu, Director - Invited Guest : Mr. Mohamad Fauzi Maulana Ichsan - Shareholders : 3,334,694,137 shares (83,062%) of the total 4,014,694,920 shares. I. MEETING’S AGENDA :

1. Approval and ratification of the Report of the Board of Directors regarding the course of the Company's business and financial administration for the financial year ended on December 31st, 2019 as well as the approval and ratification of the Company's Financial Statements including the Balance Sheet and Profit/Loss Statement for the year ended on December 31st, 2019 that have been audited by the Independent Public Accountant, and the approval of the Company’s Annual Report, the report of the Board of Commissioners supervisory duties for the fiscal year ended on December 31st, 2019, and to provide settlement and discharge of responsibility (acquit et de charge) to all members of the Board of Directors and Board of Commissioners for the actions of management and supervision that have been conducted in the fiscal year ended on December 31st, 2019.

2. Approval for the proposed plan of the Company’s Net Income usage for the fiscal year ended December 31, 2019.

3. Appointment of Independent Public Accountant Firm to conduct audits on the books of the Company for the financial year ended December 31, 2020.

4. Change on the composition of the Board of Management of the Company. 5. Determination on salaries and other allowances of the members of the Board of Directors as well as

honorarium and other allowances for the members of the Board of Commissioners.

II. FULFILLMENT OF LEGAL PROCEDURE FOR MEETING ORGANIZING:

1. The Notice on the plan of organizing a Meeting to Financial Services Authority (hereinafter referred to as "OJK") through the Company’s letter : a. dated March 17, 2020 Number 020/L-AKR-CS/2020 regarding the Plan of Annual General

Meeting of Shareholders (AGMS) of PT AKR Corporindo Tbk; and b. dated March 23, 2020 Number 030/L-AKR-CS/2020 regarding the Changes of Venue of the

Annual General Meeting of Shareholders (AGMS) of PT AKR Corporindo Tbk. 2. The Announcement to the Company's shareholders through advertisements respectively in Bisnis

Indonesia newspaper/daily, Indonesia Stock Exchange website, and the Company's website (www.akr.co.id), all of which are advertised on Tuesday, dated March 24, 2020.

3. The Invitation to the Company’s shareholders through advertisements respectively in Bisnis Indonesia newspaper/daily, Indonesia Stock Exchange website, and the Company's website (www.akr.co.id), all of which are advertised on Wednesday, dated April 8, 2020.

III. DECISION MEETING: - For each discussion of the Meeting Agendas, the Meeting provided opportunity to the attending

shareholders and attorneys of the shareholders to ask questions and/or give opinions relating to the Meeting’s Agendas.

- On the occasion there was each of 1 shareholder and/or attorney asked question or opinion for the First Agenda and the Second Agenda.

- Decision-making was conducted by voting or orally. - The results of the voting are as follows:

Agenda Abstain Againt For Total Shares % Shares % Shares % Shares %

1 2,540,710 0.076% 0 0% 3,332,153,427 99.924% 3,334,694,137 100% 2 15,400 0.001% 23,322,100 0.699% 3,311,356,637 99.3% 3,311,372,037 99.301% 3 17,380,200 0.521% 63,334,641 1.899% 3,253,979,296 97.58% 3,271,359,496 98.101% 4 26,622,200 0.8% 54,403,022 1.631% 3,253,668,915 97.56% 3,280,291,115 98.36% 5 15,400 0.001% 62,760,522 1.882% 3,271,918,215 98.117% 3,271,933,615 98.118%

- In accordance with Article 12 Paragraph 10 of Article of Association of the Company, the

abstention/blank voice shall be deemed to be in the same vote as the majority ones, accordingly the total pro votes decide to approved the proposal of the Meeting’s Agendas.

- The results of voting are based on calculations that count by PT Raya Saham Registra (the Shares Administration Bureau appointed by the Company) with Aulia Taufani SH., (public notary appointed by the Company to draw the minutes of Meeting).

Decision Of Meeting Agendas The First Meeting’s Decision: 1. Approved the Company’s Annual Report for the fiscal year ended on December 31, 2019 which, inter

alia, contains the Report of the Board of Directors concerning the Company’s business management and financial administration as well as the report of the Board of Commissioners on their supervisory task for the fiscal year ended on December 31, 2019.

2. Ratified the Company's Financial Statement for the fiscal year 2019 audited by "PURWANTONO, SUNGKORO & SURJA" Public Accounting Firm (a member firm of Ernst & Young Global Limited) with the opinion "fairly in all material respects" as proven by the report dated March 17, 2020 Number 00246/2.1032/AU.1/05/0694-1/1/III/2020.

3. Provided full acquittal and discharge ("volledig acquit et de charge") to all members of the Company’s Board of Directors and Board of Commissioners for the management and supervisory actions that they have conducted during the fiscal year 2019, provided that such actions include the actions relating to business activities that are derived from the Company's main business activities and reflect in the Company's Financial Statements for the fiscal year ended on December 31, 2019 and in view of the Report of the Company’s Board of Directors for the fiscal year ended on December 31, 2019.

Decisions of the Second Meeting Agenda: 1. Approved the use of profit for the year attributable to the equity holders of the parent entity amounting

to Rp. 717,205,137,000 as follows: a. Rp. 200,000,000 for the Reserve Fund in accordance with Article 70 of the Law on Limited Liability

Company and Article 23 of the Company's Articles of Association. b. the amount of Rp. 441,616,441,200 shall be distributed to all legitimate shareholders of the

Company as cash dividends or 61.57% of the profit for the year attributable to the equity holders

of the parent entity, deducted by the amount of interim dividends which had been previously distributed to the shareholders based on : -The Board of Directors Decision dated July 26, 2019 that the amount of Rp. 240,881,695,200 or Rp. 60 per share with the number of shares outstanding at that time were 4,014,694,920 shares. Further the dividends to be paid to the shareholders Rp. 200,734,746,000 or Rp. 50 per share with the number of shares outstanding at this time was 4,014,694,920 shares. Furthermore, the Cash Dividend payment was executed by stipulating the date of the Shareholder List (Recording Date), dated May 14, 2020 up to 16.00 Western Indonesia Time Zone, subject to the date of Cum and Ex dividends in accordance with the Indonesia Stock Exchange Regulations, and also to authorize the Board of Directors to further regulate the procedures for the distribution of dividends in accordance with the applicable laws and regulations.

c. the remaining amount of Rp. 275,388,695,800 was recorded as the Retained Profit and used as the Company’s Working Capital.

2. Provided power and authority to the Company’s Board of Directors to perform all necessary actions relating to the implementation of the Company's net profit use for the fiscal year ended on December 31, 2019.

Decision of the Third Meeting Agenda: 1. Appointed Purwantono, Sungkoro & Surja Public Accountant Firm (a member firm of Ernst & Young

Global Limited) to audit the Company's consolidated Financial Statements for fiscal year of 2020 and authorize the Company’s Board of Commissioners in determining honorarium and other requirements in accordance with applicable provisions in connection with the appointment of the public accountant office.

2. To provide authorization and authority to the Board of Commissioners to appoint a Substitute Public Accounting Firm for auditing the Company's consolidated Financial Statements for the fiscal year of 2020, including to determine honorarium and other requirements in accordance with applicable provisions, in the event that the Public Accountant Firm is hindered or unable to execute its duties due to any reasons.

Decision of the Fourth Meeting’s Agenda: 1. a. Accepted the resignation of Mr. Agus D.W. Martowardojo as a Commissioner, effective from the

closing of the Meeting. The Company would like to thank for the contributions and services that have been made by Mr. Agus D.W. Martowardojo during his tenure as a Commissioner.

b. Determined the term of Mr. Soegiarto Adikoesoemo as President Commissioner and Mr. I Nyoman Mastra as Independent Commissioner of the Company, effective from the closing of the Meeting.

c. Reappointed Mr. Soegiarto Adikoesoemo as President Commissioner of the Company for a term commencing from the closing of the Meeting until the closing of the Annual General Meeting of Shareholders of year 2025.

d. Appointed Mr. I Nyoman Mastra as Independent Commissioner of the Company and Mr. Mohamad Fauzi Maulana Ichsan as Commissioner of the Company, for a term commencing from the closing of the Meeting until the closing of the Annual General Meeting of Shareholders of year 2025.

e. Determined the term all Board of Directors of the Company, effective from the closing of the Meeting. Furthermore, Reappointed Mr. Haryanto Adikoesoemo as President Director of the Company, Mr. Jimmy Tandyo, Mr. Bambang Soetiono Soedijanto, Mrs. Mery Sofi, Mr. Suresh Vembu, Mrs. Nery Polim and Ms. Termurti Tiban each as the Director of the Company, for a term commencing from the closing of the Meeting until the closing of the Annual General Meeting of Shareholders of year 2025.

Accordingly composition of the Board of Directors and Board of Commissioners commenced as of the closing of the Meeting until the closing of the Annual General Meeting of Shareholders to be held in year 2025 are as follows:

THE BOARD OF COMMISSIONERS - President Commissioner : Mr. SOEGIARTO ADIKOESOEMO - Commissioner : Mr. I NYOMAN MASTRA - Independent Commissioner : Mr. MOHAMAD FAUZI MAULANA ICHSAN THE BOARD OF DIRECTORS: - President Director : Mr. HARYANTO ADIKOESOEMO - Director : Mr. JIMMY TANDYO - Director : Mr. BAMBANG SOETIONO SOEDIJANTO - Director : Mrs. MERY SOFI - Director : Mr. SURESH VEMBU - Director : Mrs. NERY POLIM - Director : Ms. TER MURTI TIBAN

2. Provided the power and authority to the Board of Directors to determine the duties and authorities to

each of member of the Board of Directors. 3. Authorized the Board of Directors with the right of substitution, to restate the Meeting decisions

regarding the changes in the composition of the Board of Directors and Board of Commissioners into a notary deed and then give notice on changes of the Company’s position of the Board of Directors and Board of Commissioners to the Minister of Justice and Human Rights of the Republic of Indonesia, and register the Company List and perform all necessary actions in accordance with the rules and legislations.

Decisions of the Fifth Meeting: 1. Determined that for all members of the Board of Commissioners, the giving of maximum honorarium

of Rp. 375,000,000.- per month which shall be paid as much as 13x in one year and come into effect as of May 2020 and authorized the President Commissioner to determine the distribution of such honorarium among to the members of the Board of Commissioners, by taking into account the opinion of the Company’s Remuneration and Nomination Committee.

2. Delegation of authority to the Company’s Board of Commissioners to determine the salary and other allowances for each member of the Board of Directors.

Jakarta May 5, 2020 The Board of Directors of PT AKR Corporindo Tbk

11Selasa, 5 Mei 2020

“Pertumbuhan ekonomi kuartal I/2020 tetap dimotori oleh sektor-sektor tradisional yang produktif, yaitu manufaktur, pertanian, perdagangan, transportasi, dan komunikasi.

M A K R O E K O N O M I

EKONOMI KUARTAL I/2020

LAJU PERTUMBUHAN TERTAHANBisnis, JAKARTA — Laju pertumbuhan ekonomi pada 3 bulan pertama tahun ini diprediksi tertahan menyusul serangan Covid-19

yang melumpuhkan seluruh aspek bisnis.

Maria Elenaredaksi@bisnis.com

Berdasarkan data yang dihimpun Bisnis, sejumlah ekonom memprediksi per-tumbuhan ekonomi pada kuartal I/2020

berada pada kisaran 3,6%—4,5%, lebih rendah dibandingkan dengan proyeksi Kementerian Keuangan di angka 4,5%—4,7%.

Ekonom Bank Permata Josua Pardede memerkirakan ekonomi pada kuartal I/2020 akan tumbuh di kisaran 4,18% secara tahunan (year-on-year/yoy).

Dia menambahkan, hampir seluruh komponen mengalami perlambatan pertumbuhan pada kuartal pertama tahun ini.

Dia memerinci, salah satu pe-nyumbang perlambatan berasal dari konsumsi rumah tangga, yang

diperkirakan melambat ke kisaran 4,64% (yoy) pada kuartal I/2020.

Menurutnya, beberapa data yang mengukur tingkat konsumsi rumah tangga cenderung bervariasi di mana laju pertumbuhan penjualan ritel pada periode Januari—Maret 2020 tercatat terkontraksi 5,4% (yoy) dibandingkan dengan laju penjualan ritel pada kuartal I/2019 yang tercatat 10,1% (yoy).

“Indeks kepercayaan konsumen juga menunjukkan tren menurun signifi kan,” katanya, Senin (4/5).

Adapun, impor barang konsumsi sepanjang kuartal I/2020 tercatat tumbuh 7,1% (yoy) dari kuartal sebelumnya yang tercatat 8,0% (yoy). Kredit konsumsi pada kuar-tal I/2020 juga tercatat melambat menjadi 5,4% (yoy) dari tahun sebelumnya yang tercatat 9% yoy.

Josua menuturkan, pertum-buhan pembentukan modal

tetap bruto (PMTB) pada

kuartal I/2020 diperkirakan me-lambat menjadi 3,87% (yoy), yang mana investasi bangunan maupun nonbangunan cenderung tertahan.

Konsumsi pemerintah diperki-rakan stagnan dengan laju 0,7% (yoy) dari kuartal I/2019 yang tercatat 5,2% (yoy). Perlambatan ini seiring dengan realisasi laju pertumbuhan belanja kementerian dan lembaga yang melambat.

Kepala Ekonom Bank BNI Ryan Kiryanto memprediksi pertumbuh-an ekonomi pada kuartal I/2020 berada pada angka 4,5%.

“Secara sektoral, pertumbuhan ekonomi kuartal I/2020 tetap dimo-tori oleh sektor-sektor tradisional yang produktif, yaitu manufaktur, pertanian, perdagangan, transpor-tasi, dan komunikasi,” katanya.

Ryan menambahkan, wabah Covid-19 belum menjadi masalah yang serius pada kuartal pertama tahun ini. Pun dengan kebijakan

social and physical distancing.Menurutnya, dampak tersebut

akan terasa pada kuartal II/2020 dan kuartal III/2020, di mana dia memprediksi pertumbuhan ekonomi akan menukik ke bawah dan baru mulai bergerak naik pada kuartal IV/2020.

“Skenario ini dengan catatan pande-mi Covid-19 selesai di akhir Juni atau

awal Juli, sehingga mulai masuk ke situasi normal baru di awal kuartal keempat dan seterusnya,” jelasnya.

Ekonom CORE Mohammad Fai-sal menyampaikan pertumbuhan ekonomi Indonesia pada kuartal I/2020 diperkirakan sekitar 3,6%.

Dia menjelaskan, penyumbang terbesar perlambatan adalah kon-sumsi rumah tangga yang anjlok tajam karena wabah Covid-19.

Perlambatan makin terasa di mana penanganan wabah Covid-19 direspons dengan pembatasan sosial berskala besar (PSBB) di sejumlah wilayah ekonomi utama.

“Sebelum wabah, di Januari dan Februari sebetulnya tren sudah melambat ke bawah 4,9%, salah satunya dipicu konsumsi rumah tangga yang melambat,” jelasnya.

Faisal mengatakan, pada kuartal I/2020 konsumsi rumah tangga diperkirakan tumbuh 2,6%. “De-mand shock ini memengaruhi sisi produksi sehingga industri juga mengalami drop produksi.”

Peneliti ekonomi senior Institut Kajian Strategis Universitas Ke-bangsaan Republik Indonesia, Eric Alexander Sugandi memprediksi ekonomi Indonesia tumbuh 4,6% (yoy) pada kuartal I/2020.

Menteri Keuangan Sri Mulyani Indrawati memperkirakan per-tumbuhan ekonomi pada kuartal I/2020 sebesar 4,5%—4,7%.

Menurutnya, angka tersebut masih cukup positif mengingat banyak negara mengalami perlambatan lebih parah akibat pandemi Covid-19.

“Pertumbuhan kuartal I/2020 kita antara 4,5% dan 4,7%,” kata Menkeu.

TATA KELOLA ANGGARAN

Peningkatan Rasio Utang Diprediksi BerlanjutBisnis, JAKARTA — Rasio

utang pemerintah terhadap produk domestik bruto (PDB) diproyeksikan masih tetap ting-gi dalam beberapa tahun ke depan.

Dalam laporan terbarunya, Ditjen Pengelolaan Pembiayaan dan Risiko (DJPPR) Kemente-rian Keuangan memproyeksi-kan rasio utang terhadap PDB pada 2020 bakal melonjak ke angka 36%.

Nominal tersebut memang masih jauh dari batas yang diatur dalam UU Keuangan Negara yakni 60%. Akan te-tapi angka tersebut jauh lebih

tinggi dibandingkan dengan rasio utang terhadap PDB pada 2019 yang mencapai 30,2% dan tahun-tahun sebelumnya yang cenderung di bawah 30%.

Direktur Eksekutif Indef Tau-hid Ahmad menjabarkan, ada beberapa hal yang menyebab-kan rasio utang pemerintah terhadap PDB belum bisa turun.

Pertama, masih terdapat ba-nyak proyek pemerintah yang tidak bisa dilaksanakan pada tahun anggaran 2020 karena adanya pergeseran anggaran akibat Covid-19.

Kedua, beban bunga utang pada tahun depan akan me-

ningkat akibat tingginya utang yang ditarik pada tahun ini. Di sisi lain, pemerintah telah membuka ruang lewat Perppu No. 1/2020 di mana defi sit anggaran masih bisa melebihi 3% pada 2021 dan 2022.

“Dua faktor ini yang me-nyebabkan rasio utang susah turun dalam waktu dekat,” kata Tauhid, Senin (4/5).

Tauhid memperkirakan pe-merintah masih akan mengelu-arkan belanja dan pembiayaan untuk membantu pemulihan ekonomi pascapandemi pada 2021 dan 2022.

Dia menambahkan, rasio

utang berpeluang turun setelah defi sit anggaran dikembalikan ke bawah 3% dari PDB dan ekonomi mulai berjalan normal.

Di lain pihak, ekonom CORE Indonesia Akbar Susanto me-ngatakan bahwa penambahan utang dan meningkatnya rasio utang terhadap PDB untuk saat ini merupakan sesuatu yang sangat bisa dipahami.

“Jika selama ini penambahan utang dikritisi, sekarang saat di mana utang bisa dibenarkan,” kata Akbar.

Meski demikian, pemerintah harus memastikan agar penggu-naan utang yang telah ditarik

tersebut sepenuhnya digunakan untuk kepentingan darurat, bukan untuk program yang kurang membantu masyarakat seperti program Kartu Prakerja hingga pemindahan ibu kota negara (IKN).

Pemerintah menurutnya masih bisa menunda kedua program tersebut pada tahun depan. Apalagi, perekonomian pada 2021 diproyeksikan bisa tumbuh pada nominal yang wajar.

Meningkatnya rasio utang terhadap PDB mengindikasikan beban utang yang perlu ditang-gung oleh perekonomian makin

tinggi. Tingginya beban utang terhadap PDB akan mengurangi keleluasaan pemerintah dalam memanfaatkan sumber daya untuk menstimulus pereko-nomian ke depan.

Adapun PDB nominal pada 2020 diperkirakan mencapai Rp16.574,9 triliun—Rp16.829,8 triliun.

Dengan asumsi PDB nomi-nal tersebut dan proyeksi ra-sio utang terhadap PDB yang mencapai 36%, dapat diasum-sikan posisi utang pemerintah berpotensi mencapai Rp5.966,9 triliun—Rp6.058,7 triliun. (Mu-hamad Wildan)

Kuartal I/2020 merupakan salah satu masa terberat yang harus dihadapi Indonesia, baik dari sisi sosial maupun ekonomi. Pandemi Covid-19 menghentikan pergerakan bisnis hampir di seluruh penjuru Tanah Air.Pertumbuhan ekonomi pada tiga bulan pertama tahun

ini diprediksi juga akan terdampak virus corona. Seberapa tinggi laju pertumbuhan

ekonomi nasional? Berapa proyeksi yang ditetapkan oleh pemerintah?

MASA TERBERAT

CORE Indonesia

3,6%

KementerianKeuangan

4,5%Ekonom Bank BNI

4,5%Ekonom Bank Permata

4,18% Sumber: Bisnis, diolah.

BISNIS/TRI UTOMO