{
    "success": true,
    "data": {
        "id": 2043507,
        "msgid": "prabowo-gibran-marks-two-years-with-rp225tn-in-downstreaming-projects-1792331409",
        "date": "2026-10-18 20:09:13",
        "title": "Prabowo-Gibran marks two years with Rp225tn in downstreaming projects",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "The government says Danantara has prepared 26 downstreaming projects in two phases, backed by Rp225 trillion in investment and projected to create 37,833 jobs. Other measures include a single-gate export system for coal, palm oil and ferroalloys, restructuring state-owned enterprises to save costs, and plans for a regulated mineral and strategic commodities exchange to improve trade transparency.",
        "content": "<p>Bakom Deputy for Partnerships and Media Relations Kurnia Ramadhana\nstated that the projects are projected to employ 37,833 workers while\nstrengthening domestic industry through natural resource value\naddition.<\/p>\n<p>\u201cDownstreaming and industrialization are part of the government\u2019s\npolicy direction to strengthen economic self-reliance and encourage job\ncreation,\u201d Ramadhana said in a statement on Sunday.<\/p>\n<p>In implementation, sovereign wealth fund Danantara prepared 26\ndownstreaming projects across two phases, backed by Rp225 trillion\n(US$12.46 billion) in total investment.<\/p>\n<p>Besides encouraging downstream investment, the government\nstrengthened governance over strategic commodity trade using a\nsingle-gate export policy.<\/p>\n<p>Managed by Danantara Sumberdaya Indonesia (DSI), the policy took\neffect June 1 for three core commodities: coal, palm oil, and\nferroalloys.<\/p>\n<p>In 2025, export revenue across these three commodities reached\nUS$66.13 billion (Rp1,193.85 trillion), accounting for 23.4 percent of\ntotal national exports.<\/p>\n<p>The single-gate export framework is being rolled out gradually to\ntighten export oversight, prevent under-invoicing, and optimize\nmanagement of export proceeds.<\/p>\n<p>Institutionally, the government restructured state-owned enterprises\n(SOEs) to improve operational efficiency and commercial performance.<\/p>\n<p>As part of this consolidation, the government closed 328 SOEs,\nstreamlining a corporate group previously totaling 1,074 state-owned\nentities and subsidiaries.<\/p>\n<p>Ramadhana noted that the restructuring generated overhead cost\nsavings of Rp50 trillion (US$2.77 billion) by reducing executive\ncompensation, property and vehicle rentals, and business travel.<\/p>\n<p>\u201cThe government targets these cost savings to rise to more than Rp70\ntrillion by the end of 2026,\u201d he said.<\/p>\n<p>Meanwhile, to enhance transparency in trading strategic commodities,\nthe government established the Task Force for Accelerating the\nEstablishment of the Indonesia Mineral Exchange on June 12.<\/p>\n<p>The government targets the Mineral and Strategic Commodities Exchange\n(BMKS) to begin operating on Jan.\u00a01, 2027, under Financial Services\nAuthority (OJK) oversight.<\/p>\n<p>The exchange aims to establish transparent commodity trading, set\ndomestic benchmark prices, and limit transfer pricing and\nunder-invoicing risks.<\/p>\n<p>These initiatives form part of broader government efforts to expand\ndownstreaming, boost SOE efficiency, and reform strategic commodity\ntrade governance to generate higher national economic value.<\/p>\n<p>Related news: Indonesia\u2019s downstreaming target set at US$618 billion\nby 2040<\/p>\n<p>Related news: Downstreaming drives 30 percent of national investment:\nDanantara<\/p>\n<p>Translator: Maria, Kenzu<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-gibran-marks-two-years-with-rp225tn-in-downstreaming-projects-1792331409",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}