DSI and Mineral Exchange Present, RI Ready to Become World Market Price Controller

Jakarta, CNBC Indonesia - Commission XI of the Indonesian House of Representatives (DPR RI) has spoken out about the reasons for revising the Financial Sector Development and Strengthening Law (UU P2SK), which was officially enacted last Thursday (4/6/2026). Mohamad Hekal, Deputy Chairman of Commission XI and a member of the working committee for the amendment bill, stated that this revision was undertaken to implement Constitutional Court (MK) decisions regarding criminal investigations in the financial sector and the independence of the Indonesia Deposit Insurance Corporation (LPS). “So regarding this law revision, the urgency actually did not originate from us. Initially, this law is still relatively new, a 2023 law. However, there are two Constitutional Court rulings that mandate it must be revised,” Hekal told CNBC Indonesia, quoted on Thursday (11/6/2026). “First, concerning criminal offences in the financial sector which previously could only be investigated by the Financial Services Authority (OJK); according to the MK, a single investigation authority is not permissible. The second concerns the independence of the LPS, where its budget decisions were previously handled by the Ministry of Finance. As an independent institution, these decisions should be made by the DPR,” he continued. Hekal explained that with this revision, the financial sector can be developed for national economic growth. “We are using this revision opportunity to simultaneously develop and enrich the financial sector as a vital artery for economic growth. Naturally, we utilise this because P2SK is a law with a very broad scope, and we use it at once to improve and adapt to a dynamic economic environment,” he explained. Several notable policies within the P2SK Law include strengthening financial authorities such as Bank Indonesia, OJK, and LPS, bolstering the Strategic Mineral Exchange, reinforcing Danantara, reforming the capital market, enhancing the digital economy, and advancing global financial ambitions through the Indonesia International Financial Centre. The revision also accommodates the establishment of a commodity exchange, specifically PT Danantara Sumberdaya Indonesia (DSI). “We hope that precisely with the presence of DSI, and by including the Mineral and Strategic Commodities Exchange in the UU P2SK, they will operate simultaneously. So that no party feels the process is non-transparent or biased, and prices are formed naturally. That is where we include the Exchange. So everything will be very transparent and easily accessible, that is our hope,” he clarified. By incorporating the strategic commodity exchange into the UU P2SK, a reference price will be formed based on domestic production levels. “Currently, Indonesia is the number one exporter of palm oil, the number one exporter of coal in the world, likewise for nickel. Yet oddly, no price is determined in Indonesia. So, we certainly hope that with this formation and a single gate for its sales, we can play a far more active role in price formation, based on conditions in Indonesia,” he stated. Hekal also expressed hope that the P2SK revision, which now requires OJK oversight of the commodity exchange, will ensure smooth transactions for state revenue within the financial sector.