They are also seeking legal certainty on ongoing and long-term contracts, as well as payments, among others
Published Tue, Jun 2, 2026 · 09:39 PM
[JAKARTA] Business groups in Indonesia called on the government to issue technical guidance for its plan to centralise exports and retain export proceeds in state banks, they said in a joint statement Reuters received on Tuesday (Jun 2).
The Indonesian Employers Association, together with associations of miners, coal miners, nickel smelters and palm-oil producers, said it supported the new rules.
However, it hoped the government would work with the private sector on their implementation.
“The government needs to issue transparent technical guidelines to eliminate negative speculation, and maintain international market confidence in Indonesia as a global commodity supplier,” the associations said.
President Prabowo Subianto on May 20 announced that resource-rich Indonesia would centralise exports of strategic commodities through a new company, Danantara Sumberdaya Indonesia (DSI), starting with coal, palm oil and ferroalloys.
The transition period for the policy, which is aimed at improving tax revenue and preventing export under-invoicing, started on Monday.
Its full implementation is planned to take effect from the start of next year, at the latest.
Rules requiring natural resource exporters to keep earnings in state banks and limit their conversion into rupiah also took effect on Monday.
The business groups said that legal certainty was needed, particularly on ongoing and long-term contracts, in addition to payments and shipping and insurance provisions.
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Clarity on export-earnings rules and the treatment of trade agreements was also urgently required, as well as a credible digital platform to monitor trade.
DSI has said that it would honour long-term contracts, but might renegotiate prices if it suspects under-invoicing. It added that it was developing monitoring technology.
Representatives for Danantara, and the ministries of economic affairs and finance did not immediately respond to queries. A trade ministry spokesperson deferred questions to the economic affairs ministry. [REUTERS]
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