Two days ago, on May 26, 2026, Danantara, or Daya Anagata Nusantara, officially established PT Danantara Sumberdaya Indonesia, which is tasked with managing Indonesia’s top export commodities through a single portal, starting with coal, crude palm oil, and ferro alloys. The details of the strategic commodities will be further regulated by the Trade Ministry Decree (Permendag).
This new entity aims to regulate and manage exports and foreign exchange for strategic natural resource commodities as the sole exporter, improving the validity and integrity of trade by eliminating trade misinvoicing and transfer pricing. Danantara will honor existing export contracts but will review them to ensure prices are not below market levels.
There is a three-month transition period starting from June 1, which may be extended to six months. During this time, exporters are required to report the volume, value, and price points of their goods to Danantara Sumber Daya Indonesia.
While delivering a speech in parliament on May 20, 2026, President Prabowo Subianto announced the issuance of a government regulation governing natural resource commodity exports. Moreover, the President also emphasized strengthening foreign exchange reserves from exports.
Coordinating Minister for the Economy, Airlangga Hartarto, underscored that the policy can optimize export performance, thereby fostering the domestic economic foundation.
Market Concern
This recent policy raises questions for the market regarding its effectiveness in addressing misinvoicing and transfer pricing. There are concerns about whether it will truly resolve these issues or lead to new problems, such as bottlenecks and trading inefficiencies. Some associations are still waiting for the implementation rules and are considering the quality of governance, mainly transparency and accountability. Meanwhile, the stock market and currency rates have been weakening.
Featured Image: the Ministry of State Secretary
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