{
    "success": true,
    "data": {
        "id": 1753368,
        "msgid": "prabowo-targets-us-150-billion-from-export-reform-antara-news-1779543006",
        "date": "2026-05-20 18:59:04",
        "title": "Prabowo targets US$150 Billion from export reform - ANTARA News",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Regulation",
        "summary": "President Prabowo Subianto announced a government regulation to curb illegal mining, plantation fraud and export value manipulation, arguing Indonesia could save about US$150 billion a year. The plan would have state-owned enterprises become sole exporters of key natural resources such as palm oil, coal and ferroalloys, with export proceeds channelled through the government-appointed SOEs to industry players. Officials say the move will tighten oversight, curb embezzlement, and increase state revenues, though its success depends on political will and implementation.",
        "content": "<p>Jakarta (ANTARA) - President Prabowo Subianto stressed the\ngovernment\u2019s efforts to eradicate illegal mining and plantation\npractices, as well as fraud, which may secure Indonesia US$150 billion a\nyear through the establishment of natural resources export agency.<\/p>\n<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>Prabowo targets US$150 Billion from export reform<\/p>\n<p>May 20, 2026 18:55 GMT+700<\/p>\n<p>President Prabowo Subianto presenting government Macroeconomic\nFramework and Fiscal Policy Principles (KEM-PPKF) for the 2027 fiscal\nyear at a House of Representatives plenary session in Jakarta, Wednesday\n(May 20, 2026). \/ANTARA FOTO\/Rivan Awal Lingga\/app\/kye\/aa.<\/p>\n<p>Translator: Prisca Triferna Violleta, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowo-targets-us-150-billion-from-export-reform-antara-news-1779543006",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}