Jakarta, July 21, 2026 – The Europe Today: Indonesian President Prabowo Subianto announced on Monday that PT Danantara Sumberdaya Indonesia (DSI), the newly established state-owned enterprise responsible for overseeing strategic commodity exports, has generated US$10.5 billion in foreign exchange within just six weeks of operation.
Speaking during a Plenary Cabinet Session at the State Palace in Jakarta, President Prabowo said PT DSI was created as a strategic measure to eliminate long-standing illegal export practices, including under-invoicing and transfer pricing, which he said have deprived Indonesia of significant national wealth for decades.
The President commended PT DSI Chief Executive Officer Rosan Perkasa Roeslani, who also serves as Minister of Investment and Downstreaming, for the company’s swift progress in strengthening oversight of strategic commodity trade flows.
Prabowo noted that under-invoicing had remained a persistent problem in Indonesia for more than 30 years, causing substantial financial losses to the state. He cited crude palm oil (CPO) exports as an example, explaining that some exporters had declared domestic sales contracts at Rp15,000 per kilogram while the actual selling price in European markets reached Rp27,000 per kilogram.
“This meant we were losing up to 50 percent of our wealth on a single shipment. We are putting an end to this now,” the President said.
According to Prabowo, before PT DSI assumed oversight responsibilities, the gap between declared domestic export values and actual international market prices ranged between 30 and 45 percent. He said centralized monitoring has significantly reduced this discrepancy.
“Since PT DSI was established, the gap has almost leveled out; I have seen the data graph myself,” he remarked.
The President stressed that tighter supervision of strategic commodity exports not only protects state revenues but also safeguards the interests of local farmers and producers who have often suffered losses due to unfair corporate practices.
Concluding his remarks, Prabowo issued a strong warning to businesses engaged in export manipulation, declaring that such practices would no longer be tolerated.
Describing under-invoicing and related schemes as fraudulent, he said the government would revoke the operating permits of any company found violating Indonesian law, adding that enforcement would be applied without exception to ensure transparency and fairness in the country’s export sector.
