{
    "success": true,
    "data": {
        "id": 1754775,
        "msgid": "export-prices-allegedly-manipulated-through-singapore-purbaya-forms-special-team-1779542696",
        "date": "2026-05-21 14:46:02",
        "title": "Export Prices Allegedly Manipulated Through Singapore, Purbaya Forms Special Team",
        "author": "Teuku Muhammad Valdy Arief",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Indonesian government has formed a special team within the Ministry of Finance to investigate suspected manipulation of export prices for strategic commodities via intermediary firms in Singapore. Initial findings suggest under invoicing and transfer pricing in CPO and coal exports, with AI matching showing price disparities between exports to Singapore and the United States.",
        "content": "<p>The government has begun investigating alleged manipulation of export\nprices for Indonesia\u2019s strategic commodities via intermediary companies\nin Singapore. Finance Minister Purbaya Yudhi Sadewa said indications of\nunder invoicing and transfer pricing practices were found in exports of\ncrude palm oil (CPO) and coal. The investigation followed President\nPrabowo Subianto raising concerns about under invoicing at several\ncabinet meetings. As a follow-up, the Ministry of Finance has formed a\nspecial team to trace export transaction patterns deemed suspicious. \u2018So\nwhenever there is something like this, I immediately came to NSW, the\nNational Single Window, which is under the Ministry of Finance,\u2019 Purbaya\nsaid at a press conference at the Indonesian House of Representatives\n(DPR) on Wednesday (20\/5\/2026). The team was asked to randomly review\nexport\/import data for 10 CPO exporters and a number of shipments from\neach company. The results of the tracing showed patterns of shipments\nfrom Indonesia to affiliated companies in Singapore before being sent to\ndestination countries such as the United States. The ships are said to\ndepart directly from Indonesia to the US. However, the transactions were\nfirst recorded through companies in Singapore. \u2018The ship is the same,\nthe volume is the same, but the price is different,\u2019 Purbaya said. The\ndata were then matched with Indonesia\u2019s export data using AI. The\nmatching results showed that the price of the commodity when leaving\nIndonesia for Singapore was much lower than the price when entering the\nUnited States. From the samples examined, the average price in the\ndestination country was said to be about twice that of the export price\nfrom Indonesia.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/export-prices-allegedly-manipulated-through-singapore-purbaya-forms-special-team-1779542696",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}