Prabowo: Indonesia's Natural Wealth Has Long Been Controlled by Foreign Nations

President Prabowo Subianto stated that Indonesia’s natural wealth has long been controlled by foreign entities and nations. Most profits from natural resource sales flow overseas. ‘For too long, the prices of our natural resources have been set by others, abroad,’ Prabowo said during his address at the Pancasila Birth Anniversary ceremony at the Pancasila Building in Central Jakarta on Monday, 1 June 2026. To address this, he has established a commodity export body, PT Danantara Sumberdaya Indonesia (DSI). All domestically extracted natural resources must be exported through this entity. ‘Therefore, the government has mandated a single channel for natural resource exports,’ he stated. This decision ensures that value addition from processing remains in Indonesia, creating local employment opportunities. ‘We must strengthen foreign exchange management from exports and ensure Indonesia’s wealth benefits all citizens,’ he added. Prabowo said the policies align with Pancasila economic principles. Pancasila economics prioritises national and public interests, not just a select few. It is an egalitarian, people-centric economy. Indonesia’s economy is structured as a collective effort based on familial principles. ‘Cooperatives must be strengthened and revitalised,’ he stressed. ‘They are key to lifting our people out of poverty and powerlessness. Small and medium enterprises must be bolstered, and villages should become new economic growth hubs.’ He further emphasised that Pancasila economics is about social justice. Growth must be inclusive, with economic progress felt by all citizens. ‘This is why the government is implementing transformative steps. The core strategy is transforming towards a Pancasila-aligned path,’ Prabowo concluded.