Business Actors Support DSI's Role in Organising National Commodity Supply Chains
Business actors in the palm oil (CPO) and coal mining sectors have expressed their support for the Government Regulation regarding the Management of Natural Resource (SDA) Exports. This warm reception also includes the appointment of PT Danantara Sumber Daya Indonesia (PT DSI) as a State-Owned Export Enterprise (BUMN) that will coordinate the trade mechanism for commodities abroad.
The Director of PT Golden Eagle Energy Tbk (SMMT), Yuliana, explained that the company complies with the export regulations currently being prepared by the government. Based on socialisation programmes and audiences held with relevant ministries, Bank Indonesia (BI), and business associations, this new policy is designed to be implemented gradually.
The existence of a timeline for the transition process provides space for the business world to make administrative adjustments, particularly for SEMA, which is a coal mining operator. “The Company will certainly support the Government’s plan to implement new policies on the management of natural resource exports as mandated by law,” said Yuliana in an official response to the Indonesia Stock Exchange (BEI) dated 26 May 2026.
She stated that the government is designing an implementation scheme to ensure the transition proceeds smoothly without disrupting commodity shipments in the field. “The policy for managing strategic natural resource exports will be carried out in stages, with a transition phase from 1 June 2026 to 31 August 2026, and is expected to be fully implemented starting 1 January 2027,” she said.
During the transition period, coal export activities will continue using the current mechanisms. However, the new mechanism requires exporters to submit notifications to DSI, acting as the officially assigned export SOE. As of 1 January 20lar 2027, all export sales mechanisms for the company’s coal commodities will be diverted through PT DSI. Yuliana believes the policy will align with operational activities and that mining business continuity will remain normal.
The palm oil plantation sector also holds a positive view regarding the long-term impact of these commodity export regulations. The President Director of PT Mahkota Group Tbk (MGRO), Usli, considers the policy an important instrument for organising the national export supply chain more comprehensively.
This is because the new regulation is projected to strengthen the bargaining position of Indonesia’s downstream products in the international market and optimise state revenue. He stated that the export management policy brings a positive impact to the domestic industrial climate.
“The Company views this policy as a strategic step by the government to strengthen transparency, accountability, and the optimisation of state revenue from the natural resource sector, thereby creating more orderly and integrated export governance,” wrote Usli in an official response.
According to him, clear regulations are expected to provide legal certainty and encourage the implementation of good corporate governance (GCG). For the CPO industry, this regulation is seen as a boost for downstreaming programmes.
He assessed that the export policy would not have a material impact on business continuity. From a financial performance perspective, the policy is projected to open opportunities for price optimisation and the expansion of high-quality export market reach, supporting smooth cash flow and company liquidity.
“Regarding operating profit and net profit, the Company believes there is an opportunity to gradually increase business margins and maintain sustainable profitability,” he explained.
Regarding existing cooperation with foreign trading partners, both issuers ensured that business commitments would still be met according to existing contracts. Legal risks related to potential breaches of contract can be optimally managed by the management of each respective company.
Regarding financial commitments with banking institutions, business actors reflected their readiness. This change in export procedures is expected to affect the fulfilment of financial ratio provisions (covenants) in financing agreements with creditors.
Business actors hope that banks can use this new regulation as a basis for evaluation to formulate adaptive covenant adjustments. So far, the fulfilment of debt payment obligations and financial compliance of the issuers are reported to remain secure and managed prudently.
MGRO and SMMT are currently monitoring developments and preparing for the issuance of the final implementing regulations from the government. Mitigation steps are focused on reviewing the substance of the draft regulations so that supporting business processes can proceed in alignment with the DSI assignment schedule set by the government.
Various studies show that the accumulated export value reported is lower than the actual realisation. Economist and Public Policy Expert at UPN Veteran Jakarta, Achmad Nur Hidayat, stated that Indonesia’s problem is not a lack of commodities, but rather the leakage of commodity value. Regulation through DSI is also projected to be able to redirect 10%-20% of potential under-invoicing funds back into the country. This surge in state revenue from the natural resource sector will directly secure funding for various national development programmes, such as the MBG Programme. An economist from Andalas University noted that the formation of PT DSI by Danantara Indonesia is effective in suppressing under-invoicing and strengthening national economic sovereignty.