Indonesian Political, Business & Finance News

Danantara Sumberdaya Indonesia to Become a State-Owned Enterprise Next Week

| Source: TEMPO_ID Translated from Indonesian | Regulation

Rosan Perkasa Roeslani, Chief Executive Officer of the Daya Anagata Nusantara Investment Management Agency (BPI Danantara), said PT Danantara Sumberdaya Indonesia, also known as DSI, would transform into a state-owned enterprise, or BUMN, starting next week. ‘Next week,’ Rosan said when asked about the certainty of the transition of DSI’s status into a state-owned company, at the Istana Kepresidenan complex, Jakarta, on Friday, 22 May 2026. The Minister of Investment and Hilirisasi also stressed that PT DSI would bear the status of a national company, no longer a private domestic company. ‘Yes, a BUMN,’ he said. Rosan said DSI would subsequently be based at Wisma Danantara. ‘At Danantara. There is a ready office at Danantara,’ Rosan said. Earlier the government established PT Danantara Sumberdaya Indonesia with an operational target for 1 June. The government charged the company to specifically manage and oversee exports of strategic natural resource commodities. During the first three months, export transactions would still be conducted directly between the company and buyers, but all export records would be managed by DSI. The formation of DSI was driven by the ongoing prevalence of under-invoicing and transfer pricing in several Indonesian export commodities for years. Such practices are seen as having a negative impact on state revenue, including taxation, royalties, foreign exchange earnings, and the validity of national trade data. Therefore, Danantara established DSI as a platform to oversee transparency of export transactions, from volume and price to the mechanism of shipment of commodities. Subsequently, the government would evaluate every three months before the company becomes the main executor of the management of exports of strategic commodities gradually. The establishment of DSI is recorded in Approval Decree AHU-0039765.AH.01.01 of 2026 issued by the Ministry of Law. The company charter lists Australian citizen Luke Thomas Mahony as chief executive officer.

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