INDUSTRY
• State budget deficit to reach IDR36tn in Jan 2020
• Government to excise sweet ready-to-drink products
• Cement sales down 5.8% YoY in Jan 2020
• Draft bill places retail expansion in government hands

CORPORATE
• Danamon (BDMN IJ) posts FY2019 net profit of IDR4.1tn
• Bank Mandiri (BMRI IJ) to distribute 60% of 2019’s net profit as dividends