JAKARTA. David Sutyanto, Chairman of the Indonesian Securities Analysts Association (PAEI), underscores the strategic importance of establishing PT Danantara Sumberdaya Indonesia (DSI) as a move to strengthen the governance of national strategic natural resource (SDA) commodity exports.
According to Sutyanto, DSI’s presence has the potential to significantly enhance export transparency, improve the quality of export foreign exchange (DHE) recording, and concurrently bolster investor confidence in Indonesia’s overall trade governance.
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David explained that commodities such as coal, palm oil, and ferro alloy contribute significantly to national exports. This necessitates a robust management system to ensure their economic value is recorded more transparently and that their benefits are optimally returned to the national economy. In this vital context, DSI is positioned as an indispensable instrument to strengthen oversight and foster more accountable export governance.
Emphasizing this point, David stated on Monday, June 1, 2026, that he views the formation of DSI as “a strategic step to improve the governance of strategic natural resource commodity exports.” He further elaborated that since “commodities like coal, palm oil, and ferro alloy significantly contribute to national exports, it is crucial to ensure their economic value is recorded more transparently, foreign exchange is repatriated, and benefits are optimized for the economy.”
From an economic perspective, David believes DSI has the potential to strengthen export monitoring, improve the recording of export foreign exchange (DHE), and actively curb practices like under-invoicing and transfer pricing, which have historically been a persistent concern in commodity trade governance.
If optimally implemented, this comprehensive policy is expected to yield positive impacts on strengthening national foreign exchange reserves, increasing state revenue, stabilizing the exchange rate, and fostering more fair and transparent income reporting for export-oriented issuers.
David reiterated, “From an economic perspective, DSI can serve as an instrument to strengthen export monitoring, improve DHE recording, and curb practices such as under-invoicing and transfer pricing. If executed well, its impact can be profoundly positive for foreign exchange reserves, state revenue, exchange rate stability, and even the performance of export issuers, as income can be reflected more reasonably.”
Nevertheless, he cautioned that the implementation phase is a critical factor for the policy’s effectiveness and for meticulously maintaining certainty for both businesses and investors alike.
According to Sutyanto, the government must ensure a smooth and seamless transition, unequivocally respect existing export contracts, and clearly communicate the rules of engagement. This approach is vital so that DSI is perceived not as an additional bureaucratic layer but as a genuine governance reform that actively supports robust economic growth.
“The transition period is key,” he stressed. “The government needs to ensure that implementation runs smoothly, maintaining business as usual, respecting existing export contracts, and clearly communicating the rules to businesses and investors. This way, DSI will not be perceived as additional bureaucracy, but as a pro-market and pro-growth governance reform.”
David also highlighted that DSI’s successful implementation would be a pivotal factor, considering that the initial commodities included in its scheme collectively account for approximately 23 percent of national exports.
Therefore, he emphasized the paramount importance of establishing DSI as a credible, professional, and transparent institution capable of robustly gaining international market trust, thereby ensuring the policy’s manifold benefits are optimally realized for the nation.
“However, we must also recognize the significant stakes involved with this policy,” he cautioned. “The three initial commodities falling under this scheme encompass approximately 23% of national exports. This means that if DSI’s implementation does not proceed well, the impact will extend far beyond businesses to critically affect global buyer confidence, investor perception, and Indonesia’s credibility in international trade. Therefore, DSI cannot afford to fail. It must be built as a credible, professional institution trusted by the market, capable of delivering significant and lasting impact for the nation.”
Furthermore, David views the establishment of DSI as a crucial moment for transforming national export governance towards a more data-driven, transparent, and accountable system. He therefore considers strengthening governance a primary prerequisite for the policy’s benefits to be fully realized by the state, businesses, issuers, and public investors alike.
David elaborated, “I also see DSI as a transformative moment, shifting export governance from an administrative approach to a system rooted in data, transparency, and accountability. To achieve this, DSI’s governance must be robust, professional, transparent, and subject to diligent oversight, ensuring its benefits truly revert to the state, businesses, issuers, and public investors.”
As a recommendation, David suggested that DSI’s implementation requires periodic and rigorous evaluation with measurable indicators, ranging from the actual realization of DHE, the fluidity of exports, exporter compliance levels, and impacts on foreign exchange reserves and state revenue, to overall market response and sentiment.
He concluded that if consistently and transparently executed, DSI holds the profound potential to become a positive catalyst for the national economy and simultaneously enhance investor confidence in Indonesia’s economic framework and trade practices.
“As a recommendation, initial evaluations need to be conducted periodically with clear indicators such as DHE realization, export smoothness, exporter compliance, impact on foreign exchange reserves and state revenue, and market response,” he reiterated. “If consistent and transparent, DSI has the undeniable potential to become a positive catalyst for the national economy and investor confidence in Indonesia.”
Summary
The Indonesian Securities Analysts Association (PAEI) highlights the establishment of PT Danantara Sumberdaya Indonesia (DSI) as a strategic effort to enhance transparency and governance in the export of national natural resources. By improving the recording of export foreign exchange and curbing practices like under-invoicing and transfer pricing, DSI aims to bolster state revenue and stabilize the national economy. This initiative is expected to boost investor confidence by shifting trade oversight toward a more data-driven and accountable framework.
Successful implementation of this policy is critical, as the initial commodities under the DSI scheme account for approximately 23 percent of national exports. PAEI urges the government to ensure a seamless transition that respects existing contracts and maintains clear communication to avoid unnecessary bureaucratic burdens. If managed with professionalism and transparency, DSI has the potential to serve as a vital catalyst for long-term economic growth and international trade credibility.