Singapore Responds to Indonesia's One-Door Export

2 hours ago 17

TEMPO.CO, Jakarta Singaporean Deputy Prime Minister Gan Kim Yong has weighed in on Indonesia's new policy on the export of three key natural resource commodities through a single door under PT Danantara Sumberdaya Indonesia (DSI). Gan noted that every nation has its own priorities when shaping export strategies.

"Singapore will work together with Indonesia to ensure that Indonesia remains an attractive investment destination for Singapore and our investors," Gan said during a press conference at the Coordinating Ministry for Economic Affairs in Jakarta on Tuesday, June 9, 2026.

The Deputy Prime Minister emphasized that his administration will keep engaging with Singaporean business players to guarantee that cross-border cooperation remains seamless. Trade flows, moving both ways between the two neighbors, are expected to continue without disruption.

"That is one of the reasons why we are discussing strengthening the supply chain resilience between Singapore and Indonesia," he added.

Gan spoke following the 16th Indonesia-Singapore Six Bilateral Economic Working Groups Ministerial Meeting held at the ministry, a session that also yielded six new commercial agreements.

Under the new regulatory framework, the specific commodities mandated to pass through PT DSI are palm oil, coal, and iron alloys. Jakarta is leveraging this centralized approach to clamp down on under-invoicing, transfer pricing, and the flight of export revenues.

A transition period is underway from June 1 through December 31, 2026, during which trade provisions will operate as usual. While exporters continue to honor agreements with their respective partners, their operations are now monitored by PT DSI and must be reported via the Ministry of Finance's Customs and Excise CEISA 4.0 platform. Full integration under PT DSI will officially take effect on January 1, 2027.

Dony Oskaria, Chief Operating Officer of the Investment Management Agency for Nusantara Resources (BPI Danantara), reassured the public that the one-door mechanism is built on transparency and accountability, allowing citizens to monitor its progress.

"We will also continue to carry out the contracts held by all companies, of course, they will proceed as they have," he said.

Read: Indonesia Pursues Lower U.S. Tariffs Following 10% Duty

Click here to get the latest news updates from Tempo on Google News


10 Exciting Things to Do in June in Singapore

1 hari lalu

10 Exciting Things to Do in June in Singapore

Discover the most exciting things to do in June in Singapore and make the most of the high season with attractions and unique local events.


Jakarta Car Free Day Attracts Singapore, Malaysia Tourists, Says Governor

4 hari lalu

Jakarta Car Free Day Attracts Singapore, Malaysia Tourists, Says Governor

Car free day has evolved beyond efforts to reduce pollution and is now considered a popular tourist destination in Jakarta.


Indonesia Women Fall 0-2 to Singapore in Garuda Championship Series Opener

5 hari lalu

Indonesia Women Fall 0-2 to Singapore in Garuda Championship Series Opener

The Indonesian women's national team suffered a 0-2 defeat to Singapore in the opening match of the Garuda Championship Series in June 2026.


Why Google and Meta Taxes Escape to Singapore: Celios

6 hari lalu

Why Google and Meta Taxes Escape to Singapore: Celios

Celios highlights how Indonesia loses massive digital tax revenues to Singapore from Google and Meta.


How to Get Tickets for BTS World Tour 'ARIRANG' in Singapore

6 hari lalu

How to Get Tickets for BTS World Tour 'ARIRANG' in Singapore

Tickets for the BTS World Tour 'ARIRANG' in Singapore go on sale today. Here is how you can secure your spot.


Vietnam's To Lam Highlights ASEAN Centrality at Singapore Dialogue

9 hari lalu

Vietnam's To Lam Highlights ASEAN Centrality at Singapore Dialogue

To Lam's remark came during a keynote address delivered at the Shangri-La Dialogue 2026 in Singapore.


2026 National Day Parade Guide: Ticketing Dates, Ballot Details, and More

14 hari lalu

2026 National Day Parade Guide: Ticketing Dates, Ballot Details, and More

Singapore's National Day Parade is set to make a long-awaited return to the National Stadium for the first time since 2016.


Singapore Maintains 2026 GDP Growth Forecast at 2-4%

14 hari lalu

Singapore Maintains 2026 GDP Growth Forecast at 2-4%

Singapore kept its 2026 economic growth forecast at 2-4 percent, citing stronger-than-expected Q1 expansion driven by AI-related demand.


Luhut Apologizes to Investors for Indonesia's Economic Turbulence

18 hari lalu

Luhut Apologizes to Investors for Indonesia's Economic Turbulence

Luhut also said that Indonesia's economy remains relatively resilient compared to many other countries.


New Deadly Box Jellyfish Species Found off Singapore

18 hari lalu

New Deadly Box Jellyfish Species Found off Singapore

Researchers discovered C. blakangmati, a highly venomous new species of box jellyfish near Singapore's Sentosa Island that actively hunts its prey.


Read Entire Article
Pemilu | Tempo | |