Glembert
KN. President Prabowo said Indonesia will require exports of key natural resources to be conducted through state-owned Danantara Sumberdaya Indonesia (DSI) subsidiary. He argued that commodity prices have long been determined abroad and that a significant share of profits from Indonesia’s natural resources has flowed overseas rather than remaining in the domestic economy. The policy is also intended to strengthen oversight of exports, prevent under-invoicing and transfer pricing, curb capital flight, and increase state revenues. Under the new system, strategic commodities such as palm oil, coal, and ferroalloys will be exported through DSI as part of the government’s broader effort to improve governance and retain more export earnings at home.
Indonesian business groups have called on the government to pay close attention to the implementation of the country’s new single-gate export policy, which took effect through PT Danantara Sumberdaya Indonesia (DSI). The appeal was made in a joint statement by several major industry associations, including the Indonesian Employers Association (Apindo), the Indonesian Mining Association (IMA), the Indonesian Coal Mining Association (APBI), the Indonesian Nickel Industry Forum (FINI), and the Indonesian Palm Oil Association (Gapki). “To maintain industrial stability, business certainty, and the continuity of national export flows, we believe special attention should be given to several strategic aspects,” the groups said in a statemen.
Indonesia has pledged transparency as it begins implementing a controversial plan to centralize control of strategic commodity exports through a new state company, DSI. The organization will oversee Indonesia’s vast natural resources. The policy represents a significant shift in Indonesia’s economic governance and could have far-reaching implications for trade relationships and foreign investment.
admin
