Indonesian Political, Business & Finance News

OJK appoints Henry Rialdi as Deputy Commissioner for Mineral Exchange

| Source: ANTARA_ID Translated from Indonesian | Finance
OJK appoints Henry Rialdi as Deputy Commissioner for Mineral Exchange
Image: ANTARA_ID

Jakarta (ANTARA) - Chair of the Board of Commissioners of the Financial Services Authority (OJK) Friderica Widyasari Dewi inaugurated and administered the oath of office to Henry Rialdi as Deputy Commissioner for the Regulation and Supervision of the Mineral and Strategic Commodities Exchange (BMKS).

The appointment forms part of strengthening OJK’s institutional capacity in carrying out the mandate of the Law on the Development and Strengthening of the Financial Sector (UU P2SK).

“The state has very high hopes for the success of the Mineral and Strategic Commodities Exchange. We have heard the expectations of many parties, especially from the President (Prabowo Subianto), that this Exchange will answer many things, particularly regarding transfer pricing and under-invoicing practices that greatly disadvantage the Indonesian nation,” said Friderica in an official statement in Jakarta on Wednesday.

Friderica stressed that Indonesia is one of the main producers of various strategic minerals and commodities, yet has not obtained optimal benefits from this position because price formation for a number of commodities has not taken place domestically.

She therefore expressed hope that the presence of BMKS would strengthen trade governance while supporting more transparent price formation, enabling Indonesia to obtain more optimal added value.

In addition, OJK’s mandate in regulating and supervising BMKS is also part of President Prabowo Subianto’s attention in his state address on 14 August 2026.

According to Friderica, this attention demonstrates the state’s high expectations of OJK to ensure that the operation of BMKS delivers optimal results in accordance with the mandate given.

“We certainly need to prepare from the outset, from POJK regulations to supervision, so that the presence of BMKS can deliver optimal results in accordance with the mandate given to OJK,” said Friderica.

Friderica said that filling the position of Deputy Commissioner for the Regulation and Supervision of BMKS is one of OJK’s initial steps in preparing the regulatory, supervisory and ecosystem development framework for BMKS.

“This function is expected to ensure that the trading of strategic minerals and commodities is conducted in an orderly, transparent and integrity-driven manner, while strengthening risk management and governance,” said Friderica.

With institutional strengthening and a regulatory and supervisory framework prepared from the outset, OJK is committed to ensuring that BMKS can develop as part of a credible mineral and strategic commodity trading ecosystem.

“The presence of BMKS is expected not only to improve transparency and integrity of trade, but also to strengthen domestic price formation and optimise the added value of mineral and strategic commodity resources for the welfare of society, the nation and the state,” said Friderica.

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