{
    "success": true,
    "data": {
        "id": 1752832,
        "msgid": "prabowo-targets-us-150-billion-from-export-reform-1779545560",
        "date": "2026-05-20 18:55:53",
        "title": "Prabowo targets US$150 Billion from export reform",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Regulation",
        "summary": "Prabowo cited potential annual savings of US$150 billion from stopping export-value leaks through over- and under-invoicing, illegal mining and plantations. The government will issue a Regulation on the Management of Natural Resource Commodity Exports, mandating state-owned enterprises to be the sole exporters of key commodities such as palm oil, coal and ferroalloys, with proceeds routed through the government-appointed SOEs. The move aims to boost state revenues and curb fraud through tighter oversight.",
        "content": "<p>Such policy is carried out, according to him, as fraudulent practices\nsuch as export value manipulation through over- and under-invoicing, as\nwell as illegal mining and plantations, have caused losses that should\nhave benefited the country.<\/p>\n<p>\u201cWe have calculated a potential savings of US$150 billion a year from\nthese leaks,\u201d Prabowo remarked while presenting the government\u2019s 2027\nMacroeconomic Framework and Fiscal Policy Principles (KEM-PPKF) during a\nplenary session of the House of Representatives (DPR) in Jakarta on\nWednesday.<\/p>\n<p>\u201cThis is a strategic potential. Whether we can manage it or not\ndepends on our courage and determination,\u201d he added.<\/p>\n<p>As a response, the President announced the issuance of a Government\nRegulation concerning the Management of Natural Resource Commodity\nExports.<\/p>\n<p>The regulation requires state-owned enterprises (SOEs) to become sole\nexporters of several natural resource commodities, including palm oil,\ncoal and ferroalloys.<\/p>\n<p>\u201cWe require that sales be conducted through a state-owned enterprise\nappointed by the government as the sole exporter. This means that the\nproceeds from each export sale will be passed on by the\ngovernment-appointed state-owned enterprise to the business actors\nmanaging the activity,\u201d Prabowo explained.<\/p>\n<p>This new policy aims to strengthen oversight and eradicate fraudulent\npractices, including under-invoicing, transfer invoicing and foreign\nexchange embezzlement from export proceeds.<\/p>\n<p>\u201cThis policy will optimize tax revenues and state revenues from the\nmanagement and sale of our natural resources,\u201d Prabowo emphasized.<\/p>\n<p>Related news: Prabowo orders swift action on illegal mining in forest\nareas<\/p>\n<p>Related news: Prabowo orders minister to strengthen action against\nillegal mining<\/p>\n<p>Translator: Prisca Triferna Violleta, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-targets-us-150-billion-from-export-reform-1779545560",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}