Government Officially Forms PT Danantara Sumber Daya Indonesia, New State-Owned Enterprise and Exporter

Context.co.id - A new state-owned enterprise (BUMN) named PT Danantara Sumber Daya Indonesia has been officially appointed as the sole exporter of Indonesia’s strategic commodities, from palm oil to coal. Coordinating Minister for the Economy Airlangga Hartarto said the company was formed by the Investment Minister/Head of BKPM and the CEO of Danantara Indonesia, Rosan Roeslani. ‘The Investment Minister/Head of BKPM has formed what is called PT Danantara Sumber Daya Indonesia. It will be explained further,’ Airlangga said at a press conference following the delivery of the Macro Economic Framework and the Main Policies of the 2027 RAPBN at the Parliament Complex, Jakarta, on Wednesday 20 May 2026. ‘Over a long period, the data from the President at the World Bank show high levels of under-invoicing and transfer pricing,’ he said.

“Previously, President Prabowo Subianto mandated that export of several strategic natural resource commodities, such as palm oil, coal, and ferro-alloys, should be conducted through state-owned enterprises designated by the Government. He stressed this during the presentation of the ‘Macro Economic Framework and Key Fiscal Policy Issues of the RAPBN 2027’ in a plenary session of the DPR at the DPR Building, Jakarta, on Wednesday 20 May 2026. ‘The sale of all our natural resources products begins with palm oil, coal, and ferro-alloys; we require that the sales go through the Government-appointed BUMN as the sole exporter,’ he declared. ‘In other words, the proceeds from each export sale will be channelled by the government-appointed BUMN to the business operators managing those activities,’ he added. The policy aims to strengthen oversight and monitoring and to eradicate practices of underpayment, under-invoicing, price shifting (transfer pricing), and even the leakage of Export Earnings (DHE).