May 30, 2026 | 03:45 pm
Workers are filling cooking oil from the ship's hull into a tanker truck at Tanjung Priok Port, Jakarta, Friday, July 24, 2020. Crude Palm Oil (CPO) which has been processed into cooking oil is imported from Central Kalimantan to be sent to a cooking oil factory in the region. Pulogadung and ready to be packed. Tempo/Tony Hartawan
TEMPO.CO, Jakarta - Chief Executive Officer of the Daya Anagata Nusantara Investment Management Agency (Danantara), Rosan Perkasa Roeslani, hurried to the Presidential Palace in Jakarta on Thursday, May 21, 2026. President Prabowo Subianto summoned several ministers that afternoon to discuss the technical aspects of a new export policy through state-owned enterprises. "I'm here to report on the mechanism," said Rosan, who also serves as Minister of Investment and Downstream Industries.Alongside Rosan, Finance Minister Purbaya Yudhi Sadewa arrived carrying data. He revealed that a joint team from the Finance Ministry, the Attorney General's Office, and the Finance and Development Supervisory Agency had just completed a random audit of 10 major crude palm oil (CPO) exporters. The audit found strong indications of underinvoicing practices, including in exports to the United States.The scheme, Purbaya explained, involved deliberately reporting Indonesian CPO prices at only one-third or one fourth of the prices recorded in the US. "One company shipped goods to the US and reported its export value at US$2.6 million, even though the destination country recorded US$4.2 million. That means the declared value was 57 percent lower. The export value reported here becomes much smaller," he said.Prabowo sharply criticized the fraudulent practices in foreign trade. "This is why teachers' salaries are low, why the salaries of law enforcement officers and civil servants are low. This is why the budget is always insufficient," he said in a speech during a plenary session of the House of Representatives in Jakarta on Wednesday, May 20, 2026.Read the Complete Story in Tempo English Magazine
