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Indonesia sees investor gains from Danantara export plan

Jakarta (ANTARA) – The establishment of state-owned enterprise PT Danantara Sumber Daya Indonesia (DSI) could have a positive impact on the domestic capital market and benefit investors, Finance Minister Purbaya Yudhi Sadewa said.Speaking in Jakarta on Sunday, he said the implementation of a centralized export system through DSI would encourage greater discipline among businesses in reporting export proceeds.Under the system, all exporters will be required to report their export transactions and proceeds to DSI through the Customs Excise Information System and Automation (CEISA) 4.0 platform managed by the Directorate General of Customs and Excise.The reporting mechanism is intended to curb under-invoicing, transfer pricing, and the outflow of export earnings abroad.As a result, it is expected to help prevent commodity price manipulation that has affected records of state revenue from customs duties and taxes, as well as the revenues of exporting companies.Improved revenue transparency is also expected to strengthen transparency in corporate profitability and earnings.”For companies, profitability could increase quite significantly. So, this is actually positive news for the market,” Purbaya said.Stronger profitability is expected to improve corporate financial performance and increase cash dividend payouts, given that many exporting companies are publicly listed firms.”Therefore, investors will benefit,” Purbaya emphasized.In his speech on the Macroeconomic Framework and Fiscal Policy Guidelines for the 2027 State Budget on May 20, President Prabowo Subianto announced the issuance of a government regulation on the governance of natural resource commodity exports.The regulation includes provisions allowing state-owned enterprises (SOEs) to serve as sole exporters of several strategic commodities.The assignment of DSI, a state-owned export company under sovereign wealth fund Danantara Indonesia, will be implemented in two phases.During the first phase, from June 1 to December 31, DSI will only supervise reporting related to exports of coal, palm oil, and ferroalloys.Its role may later be expanded depending on government needs and the institution's readiness.In the second phase, beginning January 1, 2027, DSI will operate as a trading company.Under the arrangement, DSI will purchase commodities directly from exporters and sell them to international markets, with export proceeds expected to be fully repatriated to Indonesia.