{
    "success": true,
    "data": {
        "id": 1736749,
        "msgid": "prabowo-reveals-export-proceeds-from-coal-and-palm-oil-not-kept-in-indonesia-1778662552",
        "date": "2026-05-13 14:41:10",
        "title": "Prabowo Reveals Export Proceeds from Coal and Palm Oil Not Kept in Indonesia",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "President Prabowo Subianto has highlighted that export revenues from key commodities like coal, palm oil, tin, and gold are not being retained in Indonesia, underscoring the need to manage the nation's wealth to benefit its 287 million citizens. His administration is revising regulations on Export Proceeds from Natural Resources (DHE SDA), effective from 1 June 2026, mandating that at least 50% of these funds be deposited in state-owned banks for a minimum of 12 months and converted to rupiah, with exceptions for the extractive sector limited to three months. This policy aims to deepen the domestic market and ensure economic benefits stay within the country by restricting placements to state banks and offering domestic foreign currency bonds for excess funds.",
        "content": "<p>Jakarta, CNBC Indonesia - President of the Republic of Indonesia\nPrabowo Subianto has been candid about the export proceeds from\ncommodities in both mining and plantation sectors. These export proceeds\nare not being placed in Indonesia.<\/p>\n<p>Initially, President Prabowo emphasised that it is impossible for\nIndonesia\u2019s 287 million citizens to live prosperously if their wealth is\ntaken away every day, week, or month.<\/p>\n<p>He gave the example of palm oil, where the export proceeds are not\nkept in Indonesia. In addition, \u201cOur coal is sold, and the export\nproceeds are not kept in Indonesia. The sale of tin and the sale of gold\n(are the same). The data is there, the facts are there,\u201d explained\nPrabowo at the Handover of Administrative Fines and Forest Area Land\nevent at the Attorney General\u2019s Office, Jakarta, on Wednesday\n(13\/5\/2026).<\/p>\n<p>It is known that the Prabowo administration will revise the\nregulations on Export Proceeds from Natural Resources (DHE SDA), to be\nimplemented starting 1 June 2026.<\/p>\n<p>\u201cFinally, regarding the regulation on Export Proceeds from Natural\nResources (DHE SDA), the revision and amendment to PP 8 (Government\nRegulation No.\u00a08 of 2025 amending PP No.\u00a036 of 2023) has been finalised\nand will be implemented as of 1 June 2026,\u201d said Coordinating Minister\nfor the Economy Airlangga Hartarto some time ago.<\/p>\n<p>Airlangga assured that all DHE SDA must enter state-owned banks\n(Himbara) for a minimum of 12 months and be converted to rupiah, with a\nmaximum of 50% of the total DHE SDA for the company or exporter.<\/p>\n<p>Specifically for the extractive sector, oil and gas, the government\napplies an exception to the placement duration, namely for 3 months.\nPreviously, it was stated that exporters could also place funds in\ndomestic-issued foreign currency government securities. In line with\nthat, the government is issuing domestic foreign currency government\nsecurities to accommodate excess foreign currency from DHE while\ndeepening the market.<\/p>\n<p>Thus, the location of special accounts or reksus is now only required\nto be opened at Himbara banks that conduct business in foreign currency\nowned by the state in accordance with legal regulations, whereas\npreviously it could be done at LPEI and\/or general banks conducting\nbusiness in foreign currency.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-reveals-export-proceeds-from-coal-and-palm-oil-not-kept-in-indonesia-1778662552",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}