Export Proceeds Policy Ready to Take Effect, President Prabowo Assures Strategic Exports, Economic Stability

Coordinating Minister for Economic Affairs, Airlangga Hartarto, delivers his statement to the media after a meeting with President Prabowo and several Red-and-White Cabinet Ministers at the Merdeka Palace, Jakarta, on Thursday (5/21).

President Prabowo Subianto Thursday (5/21) held a meeting with several Red-and-White Cabinet Ministers at the Merdeka Palace, Jakarta. During the meeting, the President received a report regarding the readiness to implement the export proceeds (DHE) policy which will take effect in early June.

“I reported to the President regarding the implementation plan for two things, namely the export proceeds policy execution, which will take place tomorrow, June 1,” said Coordinating Minister Airlangga, in his statement to the media after the meeting.

In addition, the Government is also formulating policy for strategic commodity exports, such as crude palm oil (CPO), coal, and ferro alloy to be carried out through PT Danantara Sumber Daya Indonesia (DSI). The Coordinating Minister explained that the Government is finalizing all supporting regulatory instruments to ensure timely policy implementation.

“We reported earlier that regulatory instruments, including the Regulations of Minister of Trade, Bank Indonesia, and Minister of Finance, will also be prepared and completed before June 1,” he said.

The Government, he added, will also disseminate this policy to various business associations to ensure a comprehensive understanding of the new policy. “The dissemination will also take place this afternoon at 4 PM, so that the relevant associations are aware of the policies implemented by the Government,” he added.

Regarding the policy implementation through DSI, Airlangga asked foreign investors to remain calm and trust in the Government policy. He ensured that all export activities would continue to be carried out by existing companies.

“First of all, there’s no need to worry because all exports are still carried out by companies in existing sectors,” Airlangga said.

“Exports are reported directly to DSI, so we can fine-tune the system over the next three months,” he said.

In addition to discussing the implementation of export policies, the Government is also preparing several measures to maintain the momentum of national economic growth amid global uncertainty.

According to Airlangga, the measures decided include continuing the work-from-home policy for the next two months and preparing several incentives aimed at boosting economic growth in the second quarter.

“We discussed various policies to be implemented, including a policy package related to the future economy in this current situation where the war is not over yet. Therefore, the work-from-home policy will also be continued for the next two months,” he said.

These measures underscore the Government’s commitment to maintaining stability and strengthening the national economic foundation by ensuring that foreign exchange remains at home country, exports continue, and business confidence is maintained. (BPMI of Presidential Secretariat) (JAS/AW)