{
    "success": true,
    "data": {
        "id": 1796835,
        "msgid": "dsi-and-mineral-exchange-present-ri-ready-to-become-world-market-price-controller-1781142778",
        "date": "2026-06-11 08:20:32",
        "title": "DSI and Mineral Exchange Present, RI Ready to Become World Market Price Controller",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's parliament has clarified that the revision of the Financial Sector Development and Strengthening Law (UU P2SK) accommodates the establishment of a mineral and strategic commodity exchange to boost economic growth. The amendment was initially driven by Constitutional Court rulings on financial crime investigations and the independence of the Indonesia Deposit Insurance Corporation. Lawmakers expect the new commodity exchange, alongside state-owned PT Danantara Sumberdaya Indonesia, to ensure transparent price formation and enable Indonesia to play a more active role in setting global prices for commodities like palm oil, coal, and nickel.",
        "content": "<p>Jakarta, CNBC Indonesia - Commission XI of the Indonesian House of\nRepresentatives (DPR RI) has spoken out about the reasons for revising\nthe Financial Sector Development and Strengthening Law (UU P2SK), which\nwas officially enacted last Thursday (4\/6\/2026). Mohamad Hekal, Deputy\nChairman of Commission XI and a member of the working committee for the\namendment bill, stated that this revision was undertaken to implement\nConstitutional Court (MK) decisions regarding criminal investigations in\nthe financial sector and the independence of the Indonesia Deposit\nInsurance Corporation (LPS). \u201cSo regarding this law revision, the\nurgency actually did not originate from us. Initially, this law is still\nrelatively new, a 2023 law. However, there are two Constitutional Court\nrulings that mandate it must be revised,\u201d Hekal told CNBC Indonesia,\nquoted on Thursday (11\/6\/2026). \u201cFirst, concerning criminal offences in\nthe financial sector which previously could only be investigated by the\nFinancial Services Authority (OJK); according to the MK, a single\ninvestigation authority is not permissible. The second concerns the\nindependence of the LPS, where its budget decisions were previously\nhandled by the Ministry of Finance. As an independent institution, these\ndecisions should be made by the DPR,\u201d he continued. Hekal explained that\nwith this revision, the financial sector can be developed for national\neconomic growth. \u201cWe are using this revision opportunity to\nsimultaneously develop and enrich the financial sector as a vital artery\nfor economic growth. Naturally, we utilise this because P2SK is a law\nwith a very broad scope, and we use it at once to improve and adapt to a\ndynamic economic environment,\u201d he explained. Several notable policies\nwithin the P2SK Law include strengthening financial authorities such as\nBank Indonesia, OJK, and LPS, bolstering the Strategic Mineral Exchange,\nreinforcing Danantara, reforming the capital market, enhancing the\ndigital economy, and advancing global financial ambitions through the\nIndonesia International Financial Centre. The revision also accommodates\nthe establishment of a commodity exchange, specifically PT Danantara\nSumberdaya Indonesia (DSI). \u201cWe hope that precisely with the presence of\nDSI, and by including the Mineral and Strategic Commodities Exchange in\nthe UU P2SK, they will operate simultaneously. So that no party feels\nthe process is non-transparent or biased, and prices are formed\nnaturally. That is where we include the Exchange. So everything will be\nvery transparent and easily accessible, that is our hope,\u201d he clarified.\nBy incorporating the strategic commodity exchange into the UU P2SK, a\nreference price will be formed based on domestic production levels.\n\u201cCurrently, Indonesia is the number one exporter of palm oil, the number\none exporter of coal in the world, likewise for nickel. Yet oddly, no\nprice is determined in Indonesia. So, we certainly hope that with this\nformation and a single gate for its sales, we can play a far more active\nrole in price formation, based on conditions in Indonesia,\u201d he stated.\nHekal also expressed hope that the P2SK revision, which now requires OJK\noversight of the commodity exchange, will ensure smooth transactions for\nstate revenue within the financial sector.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/dsi-and-mineral-exchange-present-ri-ready-to-become-world-market-price-controller-1781142778",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}