Purbaya: DHE SDA Policy Boosts Capital Market Sentiment

JAKARTA – The government believes that the policy on domestic placement of Foreign Exchange from Natural Resource Exports (DHE SDA) will generate positive sentiment in the capital markets, particularly for companies in the natural resources sector and national banks.

Finance Minister Purbaya Yudhi Sadewa stated that the DHE SDA regulation, effective from 1 June 2026, has the potential to enhance corporate transparency and governance while increasing the economic benefits companies derive from export activities.

According to Purbaya, until now, part of the profits and benefits from export activities have not been fully reflected in the domestic economy.

“For publicly listed companies, the DHE SDA policy is actually positive. Profits and benefits from export activities could significantly increase. So this is good news for the market, not bad news,” Purbaya said in Jakarta on Sunday (31 May 2026).

He assessed that the policy would also strengthen discipline in corporate governance for publicly listed companies by promoting transparency in export revenue management.

This situation benefits investors as it improves corporate accountability to shareholders.

Regarding the implementation of exports through PT Danantara Sumber Daya Indonesia (DSI), Purbaya confirmed the government will enforce strict monitoring to ensure business compliance.

In the initial phase, companies will be given a transition period before the single-window export mechanism is fully implemented.

“During the first three months, the process will continue as usual. After that, it will be evaluated and gradually move towards full implementation. Oversight will be easier as there is a single entity responsible and can be directly monitored,” he said.

He noted that the inflow of foreign exchange from exports into the domestic market will increase the availability of cheap funds and liquidity reserves in banks.

This condition will ultimately strengthen the financial sector and expand financing capacity for businesses.

“The impact on Himbara banks is clear. They will have greater liquidity, more funds, and stronger cash positions. This will have a very positive effect on the banking sector and the overall financial system,” Purbaya said.

With the new policy, the funds will circulate domestically and potentially drive economic growth.

“Previously, a portion of export proceeds were held abroad. Now, more funds will stay within the country, strengthening the financial sector and supporting national economic financing. Therefore, I view this policy as positive sentiment for the market,” Purbaya stressed.