May 22, 2026 | 03:48 pm
TEMPO.CO, Jakarta - The Indonesian government has urged investors and stakeholders to remain calm and trust its policy direction, particularly regarding the establishment of PT Danantara Sumber Daya Indonesia (DSI) as a state-owned enterprise (SOE) specializing in exports. Previously, the government formed PT DSI with a specific mandate to manage and oversee transactions of strategic natural resource commodity exports.Responding to concerns from business players regarding PT DSI, Coordinating Minister for Economic Affairs Airlangga Hartarto assured that all export activities remain normal and continue to be conducted by existing companies in sectors such as coal, crude palm oil (CPO), and ferroalloys."First of all, there is no need to worry because all exports are still being carried out by existing companies," Airlangga said at the Presidential Palace complex in Jakarta on Thursday, May 21, 2026, as quoted from a written statement.In the future, every export activity will be recorded by PT DSI and reported to the Danantara Investment Management Agency. "For exports, there will be direct reporting to Danantara, so we will fine-tune the system over the next three months," Airlangga stated.Airlangga made the statement following a closed-door meeting with President Prabowo Subianto and several ministers of the Red and White Cabinet at the Merdeka Palace in Jakarta. During the session, President Prabowo received a report regarding the readiness of the export proceeds foreign exchange (DHE) policy, which is set to take effect in early June.Airlangga emphasized that the government is currently finalizing all supporting regulatory instruments to ensure the timely implementation of the policy on June 1, 2026. "Earlier, we reported that various regulatory instruments from the Ministry of Trade, Bank Indonesia, and the Ministry of Finance will be prepared and finalized before June 1," Airlangga said.Airlangga also promised that the government would provide a more detailed explanation to business players before the policy takes effect. This aims to ensure a comprehensive understanding of the new policy.Previously, the government established PT Danantara Sumber Daya Indonesia with an operational target of June 1. The company was tasked specifically with managing and overseeing transactions of strategic natural resource commodity exports. During the initial three months, the export transaction process will still be conducted directly between companies and buyers, though all export records will be managed by DSI.The establishment of DSI was driven by persistent practices of under-invoicing and transfer pricing across several Indonesian export commodities over the years. These practices are considered to have a detrimental impact on state revenue, affecting taxes, royalties, foreign exchange, and the accuracy of national trade data alike.Therefore, Danantara formed DSI as a platform to oversee the transparency of export transactions, spanning volume, pricing, and commodity delivery mechanisms. Subsequently, the government will conduct evaluations every three months before the company gradually becomes the primary executor managing strategic commodity exports.Read: Danantara CEO Confirms Luke Thomas as DSI President DirectorClick here to get the latest news updates from Tempo on Google News
