Danantara Sumberdaya Indonesia (DSI), the export arm of Indonesia’s sovereign wealth fund, has recorded a surge in foreign exchange earnings, amassing US$12 billion during the June, July 2026 period, according to Coordinating Minister for Food Affairs Zulkifli Hasan. The announcement came during a visit to Semarang, Central Java, where Hasan highlighted the rapid growth of DSI’s foreign exchange reserves, which more than tripled from approximately US$3 billion to US$12 billion in just one month. Established in May 2026, DSI operates as a state-owned enterprise tasked with overseeing the export of strategic commodities, including coal, ferroalloys, and crude palm oil (CPO). Its creation marks a pivotal step in Indonesia’s efforts to enhance transparency and control over its natural resource exports. Hasan emphasized that the initiative aims to address longstanding challenges, particularly the prevalence of illegal and unregulated mining activities that continue to drain the country’s economic potential. He noted that Indonesia possesses vast reserves of valuable minerals, such as gold, nickel, coal, and tin, yet much of these resources remain untapped due to the existence of numerous unregistered mines. These operations, some of which have been active for decades, reportedly generate substantial revenue, measured in trillions of rupiah, without proper permits or oversight. Hasan argued that DSI’s role is critical in curbing such losses by enforcing stricter governance measures and ensuring that all exports comply with legal frameworks. The minister expressed confidence in the effectiveness of the reforms, stating that while challenges persist, the government remains committed to addressing them. “It is true that we face issues, but we will tackle them,” he said, underscoring the administration’s determination to improve the management of natural resource exports. The recent US$12 billion figure surpasses the US$10.5 billion in foreign exchange managed by DSI within six weeks, as previously reported by President Prabowo Subianto during a cabinet meeting in Jakarta. In that session, the president outlined how DSI would serve as a strategic mechanism to combat illegal export practices, such as under-invoicing and transfer pricing, which have historically undermined Indonesia’s economic gains. Under-invoicing, for instance, involves exporters registering sales contracts domestically at significantly lower prices than the actual market value. According to Prabowo, CPO sales were often recorded at Rp15,000 per kilogram domestically, while the international selling price reached Rp27,000 (approximately US$1.5) per kilogram in Europe. This discrepancy meant that the country could lose up to 50% of its resource wealth on each shipment. With DSI now operational, the government asserts that such practices will no longer go unchecked. The establishment of DSI follows broader discussions on enhancing the competitiveness of Indonesian exports through improved governance and regulatory clarity. Officials have repeatedly underscored the need for a unified approach to manage the export of strategic commodities, aiming to bolster the country’s bargaining power in global markets. As DSI continues to expand its operations, officials expect further improvements in the efficiency and legality of resource exports. The success of the initiative will likely depend on the implementation of robust monitoring systems and the enforcement of stringent compliance standards. With the current figures showing promising results, the government appears poised to build on this momentum in the coming months.
3 reports
Antara NewsState / PublicCenterFactual 85Objective 908 days agoIndonesia has exempted four major trading partners—United States, China, Canada, and Australia—from certain rules regarding the management of foreign exchange proceeds from natural resource exports. The decision was announced by Coordinating Minister for Economic Affairs Airlangga Hartarto, who emphasized that these exemptions apply to countries with existing bilateral trade agreements with Indonesia. The changes are part of Government Regulation No. 21 of 2026, which updates earlier 2023 legislation. Under normal procedures, exporters must deposit 100% of their export earnings into state-owned bank accounts and retain portions of proceeds in special accounts for specified periods. The new regulation allows more flexibility while maintaining compliance with international commitments.
Bias read (Center): The article presents the policy change as a balanced measure aimed at preserving diplomatic and economic relationships while adhering to international obligations. It does not overtly favor any particular political ideology or group, nor does it emphasize partisan perspectives. The framing remains客观
Why factuality (85): The article reports on Indonesia's exemption of four countries from export earnings rules, citing the Coordinating Minister Airlangga Hartarto and referencing Government Regulation PP No. 21 of 2026. It provides details on the standard DHE SDA protocols and the changes made by the updated regulation
Why objectivity (90): The article presents the information in a neutral tone, quoting officials and explaining the policy changes without expressing personal opinion or bias. It maintains a balanced perspective by providing both the rationale behind the exemptions and the standard requirements.
Antara NewsState / PublicCenterFactual 85Objective 755 days ago Danantara export arm DSI posts US$12 billion in forex: MinisterThe Indonesian Coordinating Minister for Food Affairs, Zulkifli Hasan, reported that Danantara Sumberdaya Indonesia (DSI), a state-owned enterprise established in May 2026, has accumulated US$12 billion in foreign exchange through the export of strategic commodities like coal, ferroalloys, and crude palm oil (CPO) between June and July 2026. This marks a significant increase from the previous figure of US$3 billion. Hasan emphasized that DSI aims to address longstanding issues of illegal exports, including under-invoicing and transfer pricing, which have led to substantial loss of national wealth. He highlighted that many unregistered mines contribute billions of rupiah annually without proper permits. The minister expressed confidence in the reforms aimed at improving governance of natural resource exports. The figure surpasses the US$10.5 billion previously announced by President Prabowo Subianto, who had called DSI a critical tool to combat illegal export practices.
Bias read (Center): The article presents information about DSI's role in managing exports and addressing illegal practices without overtly favoring any political ideology. It includes quotes from both the minister and the president, providing balanced perspectives on the initiative's goals and achievements. There is no
Why factuality (85): The article reports on DSI's $12 billion forex accumulation based on statements from the Coordinating Minister for Food Affairs, Zulkifli Hasan. It references the establishment of DSI as a state-owned enterprise and its role in managing exports of strategic commodities. The article also mentions the
Why objectivity (75): The article presents information from government officials and includes quotes that reflect official positions. While it remains relatively neutral, there is some optimism expressed regarding the reform effort, which may slightly skew the tone. The focus on DSI's success and the criticism of past il
Tempo (English)IndependentConservativeFactual 65Objective 7012 days agoThe Indonesian president, Prabowo Subianto, has claimed that his government has resolved 110 issues over the course of 18 months. This statement highlights the administration's efforts to address various challenges facing the country. The claim encompasses a range of policies and initiatives aimed at improving governance and national development. However, the specific nature of these issues and the effectiveness of the solutions implemented remain unclear from the provided information.
Bias read (Conservative): The article presents a positive outlook on the government's achievements under Prabowo's leadership, which aligns with a right-leaning perspective by emphasizing the accomplishments of the current administration without providing critical analysis or alternative viewpoints.
Why factuality (65): The article reports Prabowo stating that the government resolved 110 issues in 18 months. While there is no primary source document to verify this claim directly, the statement aligns with cross-source consensus that Prabowo has made similar claims about governance achievements. However, the lack of
Why objectivity (70): The article presents the statement neutrally, quoting Prabowo directly without apparent bias. It does not provide additional context or commentary, maintaining a relatively balanced tone.
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