{
    "success": true,
    "data": {
        "id": 1751390,
        "msgid": "forming-an-export-authority-prabowo-cites-malaysia-vietnam-and-russia-as-examples-1779545842",
        "date": "2026-05-20 11:53:58",
        "title": "Forming an Export Authority, Prabowo Cites Malaysia, Vietnam and Russia as Examples",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "President Prabowo Subianto has announced the formation of a dedicated export authority that will become Indonesia's sole exporter of natural-resource outputs. The plan, inspired by policies in several countries, will be implemented in two stages from June 2026, centralising exports through a state-owned enterprise. Prabowo says the move will curb fraud and boost state revenue, though it centralises control over commodities from palm oil to ferroalloys.",
        "content": "<p>Jakarta, CNBC Indonesia - President Prabowo Subianto has officially\nannounced the formation of a dedicated export authority that will become\nthe sole company exporting Indonesia\u2019s natural resource outputs. In\nforming the body which will take the form of a state-owned enterprise\n(BUMN), Prabowo said he learned a lot from various countries which have\nsimilar policies. \u201cThis policy has been implemented by other countries\nthat truly master the wealth of their natural resources,\u201d Prabowo said\nduring a speech at the DPR building, Jakarta, Wednesday (20\/5\/2026). The\nlist of countries referenced includes Saudi Arabia, Qatar, Russia,\nAlgeria, Kuwait, Morocco, Ghana, Malaysia, and Vietnam. \u201cWe must not be\nnaive, naive, and not use our common sense; we must learn from countries\nlike these, they have been able to manage our natural resource wealth\nfor the benefit of their people,\u201d he said. The scheme for forming the\nexport body will be divided into two stages. Stage I will run from 1\nJune to 31 August 2026, with export companies for natural resource\ncommodities required to transfer their transactions to the state-owned\nenterprise, and the appointed SOE as export body must transact and\ncontract with all buyers abroad. Stage II, starting 1 September 2026,\ntransactions and contracts with overseas buyers will be carried out\nentirely by the SOE, and the responsibility and authority to manage\nexports will also be entirely with the SOE. Prabowo emphasised that all\nsales of natural resource outputs abroad, from palm oil, coal, iron, to\nferroalloys will be centralized. \u201cWe will obligate that sales be\nconducted through the state-owned enterprise designated by the\nIndonesian government as the sole exporter, meaning that every export\noutput will be forwarded to the government-designated SOE to the\nbusiness operator managing those activities,\u201d he asserted. Through this\nnew export mechanism, Prabowo believes all fraudulent business practices\nthat have allowed Indonesia\u2019s wealth to leak abroad for 22 years\namounting to US$343 billion or around Rp 6,069.04 trillion can be\nclosed, thereby supporting stronger state revenue. Fraud practices that\ncould be closed by the policy include under invoicing, under accounting,\ntransfer pricing, and even evasion of export proceeds (DHE). \u201cDisciples,\nthis policy will optimise tax and state revenue from our natural\nresource management; with this policy we hope our revenue can be like\nMexico, the Philippines, and our neighbouring countries,\u201d Prabowo said.\nSource on Google [Gambas:Video CNBC]<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/forming-an-export-authority-prabowo-cites-malaysia-vietnam-and-russia-as-examples-1779545842",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}