Export of Natural Resources Via State-Owned Enterprises, Danantara Honours Existing Contracts
Chief Executive Officer (CEO) Rosan Perkasa Roeslani of Danantara Indonesia said the government would continue to honour contracts that exist concerning the export of natural resource commodities. The measure follows the Government Regulation on the Governance of Export of Natural Resource Commodities, newly issued.
Under the regulation, every export activity of commodities such as palm oil, coal, and iron alloy must be sold through a state-owned enterprise designated or appointed by the government.
“Basically, we will honour all existing contracts. But what we see is that even though they are long-term, the pricing is not determined at that time. So when the contract begins to be executed,” he said after a meeting at the Coordinating Ministry for Economic Affairs in Jakarta, on Thursday 21 May.
“Then if we see whether the contract is priced below the world market index to which the current contracts are linked, of course we will review it. If we find indications of under-invoiced sales, we will certainly evaluate the contract,” he added.
Rosan said the details of implementing the policy are still being discussed. He stressed that the aim of the export governance regulation is to ensure transaction transparency, including eliminating under-invoicing.
“We are refining this mechanism so that when it starts to operate, it can really add substantial value for the government, for businesses, and for others,” he said.
Similar remarks were made by Pandu Sjahrir, Chief Investment Officer (CIO) of Danantara Indonesia.
“Existing contracts will definitely remain and will operate. We do not want to disrupt anything with respect to existing contracts. We want everything to run smoothly,” Pandu said after the same event.
“We are also receiving input from the industry; we will meet with associations and players in the next two days,” he concluded. (H-4)
One positive indicator is the continued growth of national investment and sustained investor confidence.
He added that the presence of the Speaker of the DPR, the Financial Services Authority (OJK), and Danantara aims to maintain optimism and confidence in Indonesia’s capital market.
According to Rosan, PT Danantara Sumber Daya Indonesia was formed to strengthen transparency in the export transactions of strategic commodities.
The government has mandated that coal, crude palm oil (CPO), and ferro alloy exports go through Danantara starting September 2026 to strengthen foreign exchange.