Business actors in the palm oil (CPO) and coal mining sectors have\nexpressed their support for the Government Regulation regarding the\nManagement of Natural Resource (SDA) Exports. This warm reception also\nincludes the appointment of PT Danantara Sumber Daya Indonesia (PT DSI)\nas a State-Owned Export Enterprise (BUMN) that will coordinate the trade\nmechanism for commodities abroad.<\/p>\n
The Director of PT Golden Eagle Energy Tbk (SMMT), Yuliana, explained\nthat the company complies with the export regulations currently being\nprepared by the government. Based on socialisation programmes and\naudiences held with relevant ministries, Bank Indonesia (BI), and\nbusiness associations, this new policy is designed to be implemented\ngradually.<\/p>\n
The existence of a timeline for the transition process provides space\nfor the business world to make administrative adjustments, particularly\nfor SEMA, which is a coal mining operator. \u201cThe Company will certainly\nsupport the Government\u2019s plan to implement new policies on the\nmanagement of natural resource exports as mandated by law,\u201d said Yuliana\nin an official response to the Indonesia Stock Exchange (BEI) dated 26\nMay 2026.<\/p>\n
She stated that the government is designing an implementation scheme\nto ensure the transition proceeds smoothly without disrupting commodity\nshipments in the field. \u201cThe policy for managing strategic natural\nresource exports will be carried out in stages, with a transition phase\nfrom 1 June 2026 to 31 August 2026, and is expected to be fully\nimplemented starting 1 January 2027,\u201d she said.<\/p>\n
During the transition period, coal export activities will continue\nusing the current mechanisms. However, the new mechanism requires\nexporters to submit notifications to DSI, acting as the officially\nassigned export SOE. As of 1 January 20lar 2027, all export sales\nmechanisms for the company\u2019s coal commodities will be diverted through\nPT DSI. Yuliana believes the policy will align with operational\nactivities and that mining business continuity will remain normal.<\/p>\n
The palm oil plantation sector also holds a positive view regarding\nthe long-term impact of these commodity export regulations. The\nPresident Director of PT Mahkota Group Tbk (MGRO), Usli, considers the\npolicy an important instrument for organising the national export supply\nchain more comprehensively.<\/p>\n
This is because the new regulation is projected to strengthen the\nbargaining position of Indonesia\u2019s downstream products in the\ninternational market and optimise state revenue. He stated that the\nexport management policy brings a positive impact to the domestic\nindustrial climate.<\/p>\n
\u201cThe Company views this policy as a strategic step by the government\nto strengthen transparency, accountability, and the optimisation of\nstate revenue from the natural resource sector, thereby creating more\norderly and integrated export governance,\u201d wrote Usli in an official\nresponse.<\/p>\n
According to him, clear regulations are expected to provide legal\ncertainty and encourage the implementation of good corporate governance\n(GCG). For the CPO industry, this regulation is seen as a boost for\ndownstreaming programmes.<\/p>\n
He assessed that the export policy would not have a material impact\non business continuity. From a financial performance perspective, the\npolicy is projected to open opportunities for price optimisation and the\nexpansion of high-quality export market reach, supporting smooth cash\nflow and company liquidity.<\/p>\n
\u201cRegarding operating profit and net profit, the Company believes\nthere is an opportunity to gradually increase business margins and\nmaintain sustainable profitability,\u201d he explained.<\/p>\n
Regarding existing cooperation with foreign trading partners, both\nissuers ensured that business commitments would still be met according\nto existing contracts. Legal risks related to potential breaches of\ncontract can be optimally managed by the management of each respective\ncompany.<\/p>\n
Regarding financial commitments with banking institutions, business\nactors reflected their readiness. This change in export procedures is\nexpected to affect the fulfilment of financial ratio provisions\n(covenants) in financing agreements with creditors.<\/p>\n
Business actors hope that banks can use this new regulation as a\nbasis for evaluation to formulate adaptive covenant adjustments. So far,\nthe fulfilment of debt payment obligations and financial compliance of\nthe issuers are reported to remain secure and managed prudently.<\/p>\n
MGRO and SMMT are currently monitoring developments and preparing for\nthe issuance of the final implementing regulations from the government.\nMitigation steps are focused on reviewing the substance of the draft\nregulations so that supporting business processes can proceed in\nalignment with the DSI assignment schedule set by the government.<\/p>\n
Various studies show that the accumulated export value reported is\nlower than the actual realisation. Economist and Public Policy Expert at\nUPN Veteran Jakarta, Achmad Nur Hidayat, stated that Indonesia\u2019s problem\nis not a lack of commodities, but rather the leakage of commodity value.\nRegulation through DSI is also projected to be able to redirect 10%-20%\nof potential under-invoicing funds back into the country. This surge in\nstate revenue from the natural resource sector will directly secure\nfunding for various national development programmes, such as the MBG\nProgramme. An economist from Andalas University noted that the formation\nof PT DSI by Danantara Indonesia is effective in suppressing\nunder-invoicing and strengthening national economic sovereignty.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/business-actors-support-dsis-role-in-organising-national-commodity-supply-chains-1780843966", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }