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PT Timah Tbk Wins Two Awards in the Indonesia Best BUMN Award 2021

JAKARTA - PT Timah Tbk received another award in the Indonesia Best BUMN Award 2021 "Building Back Better" organized by Warta Ekonomi via virtual zoom, on Wednesday (11/24/2021).

This TINS-coded issuer won the Mineral and Coal Industry category, namely Very Good Financial Performance of Indonesia Best BUMN Award 2021 and the Pandemic Covid-19 Response Programs category.

The award was given virtually directly by the CEO & Chief Editor of Warta Ekonomi, Muhammad Ihsan to the Director of Business Development of PT TIMAH Tbk, Alwin Albar and be witnessed by the Founder & Commissioner of Warta Ekonomi, Fadel Muhammad and the Minister of BUMN for the period 1998-1999, Tanri Abeng.

Warta Ekonomi CEO & Chief Editor, Muhammad Ihsan said that in giving this award their used a quantitative descriptive desk research research methodology with aspects of the 2020-2021 financial report assessment, 2020 sustainability report and 2020 annual report. In addition, they also uses desk research methodology. qualitative descriptive, namely Boolean Technique monitoring media which is carried out to find out product and service innovations that are the company's advantages based on positive news from several mainstream media in Indonesia.

"In conducting media monitoring for the company's strategic policies in innovating products or services, business strategies, integration or business expansion. The economic news research team divides them into the categories of digital innovation, business strategy innovation, product development innovation, innovation to support small medium enterprises and innovation in Covid-19 prevention," he said.

Before handing over the award to PT Timah Tbk, Muhammad Ihsan said that in the third quarter, PT Timah Tbk managed to achieve a profit of Rp 612 billion, up 340 percent from the previous year.

To handle the Covid-19 pandemic in Warta Ekonomi's records, PT Timah Tbk carried out a number of actions by organizing mass vaccinations for people in the operational area to the island, delivering 100 tons of oxygen, and providing health facilities through its subsidiary PT RSBT to handle COVID-19 patients. .

On that occasion, the Director of Business Development of PT TIMAH Tbk, Alwin Albar, expressed his appreciation to Warta Ekonomi for organizing this event.

"Thank you for the award given to PT TIMAH Tbk, this is an honor for us," said Alwin.

Alwin also said that the two awards he received will become an encouragement to keep trying improve the best performance and continue to contribute to the community.

"The two awards received are certainly an encouragement to keep trying improve the company's financial performance and contribute to advancing the economy in Indonesia and the company's operational areas," he said.

In addition, Alwin added that in this Covid 19 condition, PT TIMAH Tbk also continues to be committed to playing an active role in breaking the chain of the spread of Covid 19.

"Hopefully what is given by PT TIMAH Tbk is beneficial to the community around the Company's operational areas", hoped Alwin. (**)