Indonesian Political, Business & Finance News

Prabowo: PT DSI Uncovers Potential Additional State Revenue of US$5 Billion

| Source: ANTARA_ID Translated from Indonesian | Economy
Prabowo: PT DSI Uncovers Potential Additional State Revenue of US$5 Billion
Image: ANTARA_ID

President Prabowo Subianto revealed that PT Danantara Sumber Daya Indonesia (DSI) has succeeded in identifying potential additional state revenue of up to 5 billion US dollars from its supervision and monitoring of export activities of a number of strategic commodities abroad.

Before more than 600 people’s representatives gathered at the Nusantara Building, the Indonesian Parliament Complex, Jakarta, on Friday, the President said that within 2 months and 13 days since its establishment in May 2026, PT DSI has monitored more than 6,000 export transactions of three strategic commodities, namely coal, palm oil and ferro alloy.

“DSI has identified a potential additional 5 billion US dollars merely from price differences and adjustments. Ladies and gentlemen, from the payment of export proceeds in foreign exchange, imagine if in the future all of our export commodities are monitored and managed by PT DSI, how much more revenue would flow into the state,” Prabowo said during his state address as part of the Annual Session of the People’s Consultative Assembly and the Joint Session of the House of Representatives and the Regional Representatives Council at the Nusantara Building on Friday.

Therefore, the President continued, PT DSI will expand the scope of its supervision to 50 ports in 25 provinces. PT DSI will also broaden its oversight beyond the three strategic commodities to include other leading commodities.

“PT DSI will manage all of our strategic commodities, not just three. We no longer want the Indonesian nation to be cheated. Indonesia’s wealth must not enrich a handful of people while leaving our people living in hardship. This is not only unjust, it is not the attitude of a wise state. Our goods, our property, yet others determine the price,” the President said.

According to the President, the fraudulent practices that previously occurred frequently in export transactions of strategic commodities have violated economic principles and market principles.

On the same occasion, the President cited the example of under-invoicing fraud occurring in palm oil exports.

“Previously, crude palm oil, Indonesian palm oil, was sold at Indonesian ports for around Rp15,000 per kilogram, while the price on the Rotterdam exchange in the Netherlands was Rp27,000 per kilogram. Yet in the Netherlands there is not even a single hectare of oil palm plantations. This means we were actually losing almost 50 percent of the value of our commodity,” he said.

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