Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Kalen DeBoer Is Unreal vs. Top-25 Teams On The Road — But Ryan Day Isn’t Far Behind

    Texas AG candidate vows to probe Deloitte voter registration delay role

    Indonesia launches pilot commodity export monitoring platform

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Pinterest VKontakte
    Sg Latest NewsSg Latest News
    • Home
    • Politics
    • Business
    • Technology
    • Entertainment
    • Health
    • Sports
    Sg Latest NewsSg Latest News
    Home»Business»Indonesia launches pilot commodity export monitoring platform
    Business

    Indonesia launches pilot commodity export monitoring platform

    AdminBy AdminNo Comments
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    National Data Intelligence will be rolled out gradually after starting with a selected group

    Published Fri, Oct 2, 2026 · 07:06 PM

    [JAKARTA] Danantara Sumberdaya Indonesia (DSI), a company established by the Indonesian government to supervise commodity exports, has started the test phase for a new monitoring platform aimed at boosting price transparency, the firm said in a statement.

    The firm on Thursday (Oct 1) launched the pilot phase of its National Data Intelligence platform, which will be responsible for supervising exports of major commodities.

    DSI started monitoring export transactions for palm oil, coal and ferroalloys on Jun 1 using other government agency platforms, with the goal of eliminating irregularities and ensuring that the proceeds from commodity sales benefit Indonesia.

    “Our priority is to increase transparency and visibility, whilst ensuring export activities continue to run smoothly,” said DSI CEO Luke Mahony.

    During the pilot phase, the new platform will monitor shipments by selected exporters before it is rolled out gradually to others, DSI said on Friday.

    DSI collected data on export volumes, prices, shipments and settlement reconciliations for the three main commodity exports, and will analyse the data to identify any discrepancies.

    Set up earlier this year, the firm is part of President Prabowo Subianto’s plan to improve oversight and prevent what he has described as commodity shipment leakages. He has accused exporters of using practices such as under-invoicing and transfer pricing to shift their profits abroad.

    In May, Prabowo announced a controversial plan to centralise exports of Indonesia’s top export commodities through DSI, a move that rattled commodity markets. He later watered down the plan and said that commodity exports would be monitored but not controlled by Danantara.

    “In line with developments in the DSI’s mandate and regulations relating to strategic commodities, the government and the DSI are continuing their discussions to ensure that future implementation proceeds in accordance with the updated provisions, whilst maintaining the smooth running of export activities,” DSI said.

    Resource-rich Indonesia is the world’s biggest exporter of thermal coal, palm oil and nickel. It is also a major supplier of tin, copper, bauxite, and coffee beans. REUTERS

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Ryde faces class action lawsuit over pump-and-dump claims, shareholder litigation

    Crystal Jade holding companies in S’pore, Hong Kong placed under receivership

    Federal report says pilots weren’t warned about wind before Amazon cargo plane crashed in Miami

    Phishing Attempt: Is Your Boss Really Texting You? | Money Moves with Jill Schlesinger

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Singapore overtaken by Ningbo-Zhoushan as second busiest container port in H1

    As supply shocks multiply, monetary policy will shape corporate resilience

    Apple Watch Series 12 features leaked ahead of Apple’s fall event

    Sg Latest News
    Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
    • Get In Touch
    © 2026 SglatestNews. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.