Key facts
- President Prabowo Subianto launched a new state export firm, Danantara Sumberdaya Indonesia (DSI).
- DSI will monitor key commodity exports including palm oil, coal, and ferroalloy.
- The firm aims to boost state revenue.
- Indonesia aims for mass production of home-grown electric vehicles by 2028.
- Investment Minister Bahlil Lahadalia announced the EV production goal.
- The government is seeking partnerships for EV production.
- Prabowo Subianto defended his record in an Independence Day speech.
- He promoted his vision for food self-sufficiency.
- He expressed confidence in achieving 6% economic growth.
President Prabowo Subianto of Indonesia has announced the creation of a new state-owned export firm named Danantara Sumberdaya Indonesia (DSI). This firm's primary mandate is to monitor shipments of key commodities, including palm oil, coal, and ferroalloy, with the explicit goal of increasing state revenue. The scope of DSI's operations is expected to expand in the future.