RRI.CO.ID, Tangerang - The Indonesian government announced plans to establish a state-owned export company to strengthen oversight of strategic commodity exports and optimize state revenue. The policy is also aimed at curbing irregularities in export trade practices that have long been considered harmful to the state.

As quoted by a press release, the Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, said the new policy would require exports of selected natural resource commodities to be conducted through a government-appointed state-owned enterprise (SOE). He said the measure was designed to prevent under-invoicing and transfer pricing practices in commodity exports.

“This policy aims at preventing under-invoicing and transfer pricing practices that have occurred for years,” the minister said to media in Tangerang, Wednesday, May 20, 2026.

According to the Minister, the policy is part of the government’s effort to implement Article 33 of the 1945 Constitution, which mandates state control over natural resources for public welfare. He said the constitutional mandate had not been fully implemented in previous years.

The single-gate export policy will apply only to strategic commodities in the mineral and coal sectors. Bahlil clarified that the upstream oil and gas industry would be excluded from the regulation, including exemptions from mandatory placement of export proceeds in state-owned banks.

Earlier, in a plenary session with the parliament, President Prabowo Subianto, announced the formation of the export-focused SOE through PT Danantara Sumberdaya Indonesia (PT DSI). The company will act as the sole exporter for designated strategic commodities, including coal, palm oil, and ferroalloys.

The President said the policy was intended to strengthen monitoring of Indonesia’s natural resource exports and prevent practices such as under-invoicing, transfer pricing, and capital flight from export earnings. “We want to know exactly how much of our wealth is being sold,” Prabowo said.

The government said similar export management systems have also been implemented in several countries. This includes Saudi Arabia, Qatar, Russia, Malaysia, and Vietnam.