TEMPO.CO, Jakarta - Rows of red numbers flashed one after another across the electronic board in the main hall of the Indonesia Stock Exchange in Jakarta on Wednesday afternoon, May 20, 2026. Shares of commodity-sector companies tumbled in unison shortly after President Prabowo Subianto announced a new policy governing exports of strategic natural resources.
The government decreed that exports of several commodities would be centralized through an entity under the Daya Anagata Nusantara Investment Management Agency (Danantara), namely Danantara Sumberdaya Indonesia (DSI). "We will require all sales to go through a state-owned enterprise appointed by the Indonesian government as the sole exporter," Prabowo said during a plenary session of the House of Representatives in Jakarta that morning.
The market reacted swiftly. The Jakarta Composite Index (IHSG) plunged 2.43 percent to 6,215.56 by 11:22am local time, shortly after Prabowo concluded his speech. The basic materials index fell even deeper, dropping 6.23 percent, followed by the energy sector index, which slid 4.17 percent.
The pressure was unavoidable because the first phase of the single-gate export policy would cover crude palm oil (CPO), coal, and ferroalloys. The government plans to implement the policy in two stages. The first phase will run from June 1 through August 31, 2026, serving as a transition period for exporting companies.
Indonesia's Palm Oil Firms Await New Export Regulation Details
8 jam lalu
Three Indonesian palm oil companies said they are awaiting implementing rules on the government's new natural resource export policy.
Why Export Proceeds Rules Do Not Automatically Boost Foreign Exchange Reserves
22 jam lalu
Export proceeds rules raise dollar supply in local banks, but do not automatically increase Bank Indonesia's forex reserves.
A Sudden Monopoly
1 hari lalu
President Prabowo abruptly changed the rules governing strategic commodity exports, channeling them through a single state-owned enterprise.
Indonesia's CPO Exports Plunge Across Nine Major Markets
2 hari lalu
Gapki said crude palm oil (CPO) production in March reached 4.403 million tons, down 12.22 percent from 5.015 million tons recorded in February.
Indonesia Pushes Shrimp Exports to Saudi After Market Access Opens
3 hari lalu
Indonesia's Trade Minister Budi Santoso urged exporters to boost fishery and shrimp exports to Saudi Arabia.
Danantara Sumberdaya Indonesia Officially Becomes an SOE
3 hari lalu
Danantara Chief Operating Officer Dony Oskaria said DSI officially became a state-owned enterprise on Monday morning.
Single Export Body Risks
4 hari lalu
The government is establishing a new state-owned enterprise as the sole exporter of strategic commodities. It could erode the trade surplus.
ICW Doubts Indonesia's New Export Rule Will Curb Corruption
4 hari lalu
The new regulation will enter into force in June 2026. ICW doubts it will reduce corruption practices within export ecosystem.
Who Is Luke Thomas Mahony, CEO of Danantara's DSI
6 hari lalu
A profile of Luke Thomas Mahony, the former Vale Indonesia director appointed by Rosan Roeslani to lead PT Danantara Sumberdaya Indonesia (DSI).
Indonesia Urges Investors to Trust Danantara Export Policy
7 hari lalu
Senior Minister Airlangga urged investors to remain calm regarding Danantara DSI's new role in managing strategic natural resource commodity exports.
