Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa is\noptimistic that Jakarta Composite Index (JCI) will rise once investors\nacknowledge the positive impact from the establishment of PT Danantara\nSumber Daya Indonesia (DSI) as the sole exporters for a number of\nnatural resource commodities.<\/p>\n
He explained that the JCI\u2019s correction, which fell 3.46 percent to\n6,100.14 in Thursday\u2019s trading, occurred because investors lacked\ncertainty regarding the direction of this new entity.<\/p>\n
\u201cWhen there is uncertainty, they are usually afraid and sell (the\nstocks). But once they understand the actual impact, the JCI price will\nrise,\u201d Purbaya told reporters at the Coordinating Ministry for Economic\nAffairs in Jakarta on Thursday.<\/p>\n
PT DSI operates directly under the Danantara Investment Management\nAgency (BPI), with the primary task of reforming the management of\nexport for a number of strategic commodities, including palm oil, coal\nand ferroalloys.<\/p>\n
Among the factors behind the establishment of DSI was the alleged\npractice of under-invoicing in commodity exports, which is said to have\ncost the state up to Rp15,400 trillion over 34 years.<\/p>\n
\u201cThe issue of under-invoicing will be addressed through the\nestablishment of this export agency. Money that was previously\nmanipulated through overseas entities should now be directly reflected\nin net sales,\u201d Purbaya said.<\/p>\n
He added that the mechanism is expected to provide significant\nbenefits for companies listed on the stock exchange.<\/p>\n
\u201cThe companies will benefit. Their profits could potentially double\ncompared to what has been previously reported by listed firms. This\nshould ultimately increase the valuation of companies listed on the\nstock exchange,\u201d Purbaya explained.<\/p>\n
Earlier on Wednesday (May 20), the government announced the\nestablishment of PT DSI as a state-owned enterprise specifically tasked\nwith managing and overseeing export transactions involving strategic\nnatural resource commodities.<\/p>\n
DSI will operate in two phases. In the first phase, from June 1 to\nDecember 31, 2026, DSI will act as an appraiser and intermediary between\nsellers and buyers of certain export commodities.<\/p>\n
Starting in January 2027, DSI will transform into a trading company\nthat directly purchases commodities from exporters, holds the goods and\nassumes trade risks before selling them to the international market.<\/p>\n
Proceeds from the sale of these commodities will be received in the\nforeign currency of the destination country, while adhering to\napplicable international trade practices. The proceeds from the sale\nwill be fully repatriated to Indonesia.<\/p>\n
Related news: Upstream oil and gas excluded from regulation on export\nreform: Bahlil<\/p>\n
Related news: MPR backs Prabowo\u2019s plan to overhaul natural resource\nexports<\/p>\n
Related news: Danantara keeps existing commodity export deals\nintact<\/p>\n
Purbaya says JCI will rebound after Danantara export reform<\/p>\n
May 21, 2026 17:24 GMT+700<\/p>\n
Finance Minister Purbaya Yudhi Sadewa during a press conference on\nthe State Budget, in Jakarta on Tuesday (May 19, 2026). (ANTARA FOTO\/M\nRisyal Hidayat\/tom.)<\/p>\n
Translator: Imamatul Silfia, Yashinta Difa<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/purbaya-says-jci-will-rebound-after-danantara-export-reform-antara-news-1779542256", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }