{
    "success": true,
    "data": {
        "id": 1770678,
        "msgid": "pgun-comments-on-prabowos-new-export-state-owned-enterprise-1779984264",
        "date": "2026-05-28 20:10:21",
        "title": "PGUN comments on Prabowo's new export state-owned enterprise",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "PGUN, a listed company owned by Haji Isam, has stated that the new export state-owned enterprise will not materially impact its operations, as it does not engage in direct exports but sells to domestic and affiliated buyers. The government established PT Danantara to regulate natural resource exports, citing over Rp 15.4 trillion in revenue losses from under invoicing and transfer pricing since 1991.",
        "content": "<p>PGUN, a listed company owned by Haji Isam, has commented on the\ngovernment\u2019s plan to establish a specialised state-owned enterprise for\nexports via PT Danantara Sumber Daya Indonesia (DSI). Management stated\nit respects and complies with all government policies regarding the\nupcoming regulation on natural resource export governance. However, PGUN\nclarified it does not engage in direct exports, as its primary products\u2014\ncrude palm oil (CPO) and palm kernel\u2014 are sold to affiliated companies\nand domestic customers. These include PT Jhonlin Agro Raya Tbk (JARR)\nfor biodiesel raw materials and PT Kodeco Agrojaya Mandiri (KAM) for\nfurther processing into crude palm kernel oil (CPKO). \u2018The policy has no\nmaterial impact on the company\u2019s continuity as it does not conduct\ndirect export sales\u2019, according to an Indonesia StockExchange (IDX)\ndisclosure on 28 May 2026. The firm also confirmed no material\noperational or financial impact, including on revenue, profits, cash\nflows, or existing agreements with customers. PGUN further stated there\nare no material legal risks or breach of contract concerns arising from\nthe policy. Regarding mitigation, the company has no specific corporate\nactions planned but will monitor developments and adjust as necessary.\nPreviously, President Prabowo Subianto\u2019s administration formed PT\nDanantara to regulate exports of strategic natural resources like coal,\npalm oil, and ferro alloys. Government communication advisor Fithra\nFaisal cited that Indonesia lost approximately Rp 15.4 trillion in state\nrevenue between 1991 and 2024 due to under invoicing and transfer\npricing in commodity exports.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pgun-comments-on-prabowos-new-export-state-owned-enterprise-1779984264",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}