TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsDanantara vows to honor contracts amid export centralization shake-up
The government said export activities would continue as usual until the end of the year, before being fully transferred to the state-owned DSI.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A woman walks past the Wisma Danantara Indonesia building on May 6 in Central Jakarta. (JP/Iqro Rinaldi)
S
tate asset fund Danantara claimed that all existing export contracts for strategic commodities will be honored, provided they are free from any under-invoicing practices, the agency’s chief operating officer Dony Oskaria said on Monday.
The statement followed the enforcement of Government Regulation No. 24/2026 on the centralization of strategic natural resource exports through a dedicated state-owned enterprise (SOE).
The regulation, signed by President Prabowo Subianto on May 20, fundamentally alters the export landscape by channeling overseas sales of key resources through a single entity called PT Danantara Sumberdaya Indonesia (DSI).
Speaking to reporters at the legislative complex in Jakarta, Dony sought to draw a clear line between the government’s push for transparency and the continuity of legitimate business.
He confirmed that while DSI now holds the statutory mandate to export crude palm oil (CPO), coal and ferroalloys, companies with prior agreements need not fear abrupt cancellation.
“We will continue to honor the existing contracts held by all companies, which will run as they have, as long as no under-invoicing or transfer pricing practices are found," Dony said.
He stated that between June and December, DSI will operate as a sole intermediary between local exporters and their buyers abroad. To implement this layer of oversight, Danantara is currently developing a digital system to ensure visibility for every cross-border transaction involving the nation’s natural wealth.
