JAKARTA - The discourse on the centralization of the export of strategic commodities through SOEs contained in the KEM-PPKF 2027 is recognized as starting to trigger a wait-and-see attitude from investors and capital market players in the mining sector. In response to this, the Association of Energy, Coal, and Mineral Suppliers of Indonesia (Aspebindo) has submitted five remedial steps to the government.
Aspebindo Chairman, Anggawira, emphasized that the market is very sensitive to regulations that have the potential to drastically change business governance and company cash flows. To maintain investment certainty and market confidence, Aspebindo proposed a realistic roadmap.
"Compared to implementing a rigid, full centralistic approach, we offer five pillars of solutions so that President Prabowo's vision can go hand in hand with market efficiency," Anggawira told VOI Thursday, May 21.
Here are five solutif recommendations driven by Aspebindo:
State-Private Partnership (KPBU) Model: SOEs should be positioned as strategic partners, not single players. Schemes such as joint marketing, export consortia, or the establishment of a national commodity platform are considered much more realistic. Building National Commodity Champion: Indonesia is advised to establish a strong and professional national trading arm, looking at the success of Petronas Trading or ADNOC Trading, which operates on the basis of market competence, not just administrative assignments. Focus on Real Processing: The success of the policy is not measured by who exports, but whether the processing ecosystem - such as smelters, petrochemical industries, and battery ecosystems - really grows and creates added value in the country. Digital-based Transparency (Governance): The government is encouraged to strengthen the digital tracking system (digital tracking) that integrates production data, royalties, to exports. This step is considered more effective in preventing foreign exchange leakage and transfer pricing than overhauling the total institution. Maintaining Long-term Regulatory Certainty: The government is obliged to guarantee that this new policy will not disrupt existing export contracts in order to maintain the reputation of Indonesia's supply reliability in the eyes of the world.Anggawira concluded that the ultimate goal of this policy must remain to achieve healthy economic growth.
"Our common focus should not be trapped in the centralization of export routes, but rather how this natural resource wealth can really be converted into a national industrialization engine and sustainable community welfare," he concluded.
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