Formed by Prabowo, Special Export State-Owned Enterprise to Foil Coal Price Tricks and Other Practices

Wed, 20 May 2026, 13:47 WIB | Source: CNBC | Regulation

Jakarta, CNBC Indonesia - President Prabowo Subianto announced in the plenary session of the DPR RI on Wednesday, 20 May 2026, the formation of a Special Export State-Owned Enterprise named PT Danantara Sumberdaya Indonesia (DSI). Under this arrangement, export activities for coal miners, palm oil and other minerals will be wholly conducted by the Special Export SOE.

President Prabowo explained that the aim of forming the Special Export State-Owned Enterprise can be described as a marketing facility, to strengthen supervision and monitoring in eradicating underpayment, ‘price trickery’ or under-invoicing, transfer pricing, and even leakage of Export Proceeds (DHE).

‘This policy will optimise tax revenues and state income from our natural resources. With this policy, we hope our revenue can be like Mexico, the Philippines and neighbouring countries,’ he said. ‘We do not want our revenue to be the lowest because we are not bold enough to manage our own property, our nation’s property,’ Prabowo asserted.

Prabowo disclosed that the sale of all Indonesian natural resources, from crude palm oil, coal, and fero alloy, must be conducted through the Special Export SOE. ‘Sales must be conducted through the government-appointed exporter. In other words, every export output will be forwarded by the government-appointed BUMN to the business operators managing these activities,’ he explained.

The initiative is set to commence in June. The initial stage of transactions by the Special Export SOE will begin in June 2026, according to Rosan P. Roeslani, Minister of Investment/Head of BKPM and CEO of Danantara.

‘In order to improve and refine governance openly, upholding high governance standards, we will start from June to December. All export-related transactions should be appended first,’ Rosan stated during a press conference on the Macro Economic Framework and Key Fiscal Policy for the 2027 Budget, in the meeting room of the Parliamentary Complex, on Wednesday, 20 May 2026.

Airlangga Hartarto, Minister Coordinating the Economic Affairs, said the agency will manage the exports of three main commodities: coal, crude palm oil, and fero alloy or iron alloy. In the initial phase, exports through this SOE will be conducted between the company and the buyer.

‘This will apply for three months, after which a further evaluation will be carried out by the export SOE. In other words, everything will be fully managed by Danantara.’

Here is the governance scheme for exporting SDA commodities as presented by President Prabowo Subianto: