OJK Ready to Offer Incentives to Strengthen DHE SDA Policy, See Explanation

Jakarta — The chairman of OJK’s Board of Commissioners, Friderica Widyasari Dewi alias Kiki, said the agency stands ready to provide incentives to support strengthening the policy on Devisa Hasil Ekspor Sumber Daya Alam (DHE SDA). She made the remarks at a socialisation event on Governance of Export of Strategic SDA and Implementation of Government Regulation on DHE, at the office of the Coordinating Ministry for Economic Affairs, Jakarta. ‘In addition to supervisory roles, OJK will also provide support in the form of incentives,’ Kiki said on Thursday, 21 May 2026. She explained that DHE SDA funds could be treated as cash collateral, provided they meet the requirements. This is in line with OJK regulations on the asset quality of banks, including conventional banks, sharia banks, and sharia units. Furthermore, OJK will provide relaxation regarding the Maximum Public Credit Allocation (BMPK). The portion of funding that is secured by cash collateral of DHE SDA may be exempted from BMPK calculations, as long as the requirements are met. Kiki stated that the incentives are a form of OJK support to ensure the implementation of PP No. 21 of 2026 continues to provide room for banks to finance the real economy without compromising prudence. ‘As a follow-up, we will issue a letter to all directors of all commercial banks. The letter will inform banks of the form of OJK support in implementing the regulation,’ she said. ‘It will also cover the data and information support required by the ministry or related agencies.’ Previously, Coordinating Minister for Economic Affairs Airlangga Hartarto explained that the rules in PP 21/2026 aim to increase investment and export performance in the SDA sector and support macroeconomic stability and domestic financial markets. The main provision is that exporters of natural resources are required to bring 100 percent of their foreign exchange proceeds into the Indonesian financial system or repatriate in full. SDA exporters are required to place DHE with a retention of at least 30 percent for the oil and gas industry and 100 percent for the non-oil and gas industries in a special account in the Indonesian financial system. The placement must be held for at least three months for the oil and gas sector and 12 months for the non-oil and gas sector. Then, the inward flow or repatriation of DHE retention must be conducted through Himbara (Himpunan Bank Milik Negara) banks.