Indonesia Coal Sector "Takeaways from meeting with DSI" Handerson

研报英文原文证据摘录

Indonesia Coal Sector "Takeaways from meeting with DSI" Handerson

Global Research

17 June 2026ab

Indonesia Coal Sector Equities

IndonesiaTakeaways from meeting with DSI

Coal

Timothy Handerson

Clear emphasis on export continuity and fair transaction prices Analyst

We attended a group meeting with Febriany Eddy, Managing Director of Danantara timothy.handerson@ubs.com

Asset Management, and Luke Mahony, President Director of Danantara Sumberdaya +62-21-2554 5000

Indonesia (DSI), on 17 June to discuss an overview of DSI's mandate, business model, Igor Putra

governance framework and implementation roadmap. Three key underlying concepts Analyst

were emphasized during the meeting: 1) implementation of DSI must not disrupt the igor.putra@ubs.com

flow of Indonesia's commodity exports; 2) DSI will ensure transparent, traceable and fair +62-21-2554 7033

transaction prices, and seek to eliminate under-invoicing/transfer pricing; and Joshua Tanja, CFA

3) implementation must be done in a careful, fair and accountable manner. DSI's focus Analyst

during the transition phase (June-Dec 2026) is to build a digital platform to analyze the joshua.tanja@ubs.com

export transaction data of the three designated commodities (i.e., coal/CPO/ferrous +62-21-2554 7030

alloys), and eventually identify/escalate anomalies that point to under-invoicing practices Ivan Reynaldo Sutheja

without disrupting export flow. Analyst

ivan-reynaldo.sutheja@ubs.com

Post-transition phase: DSI to prioritize facilitation and oversight function +62-21-2554 7037

The details on post-transition implementation (i.e., starting Jan 2027) were asked about Myles Allsop

the most but remain unclear, as DSI is still at an early stage. Based on the regulation, we Analyst