Former Vale Executive Appointed to Lead PT DSI Amidst Export Policy Concerns
The Indonesian government has appointed Luke Thomas Mahony, a former director of PT Vale Indonesia, as the temporary leader of PT Danantara Sumber Daya Indonesia (DSI). This company is set to manage the reporting of strategic commodity exports, including CPO, coal, and feronikel. The announcement was made by Rosan Roeslani, head of the Investment Management Agency, following a meeting with President Prabowo Subianto. The new reporting mechanism, effective June 1, has raised concerns among exporters, particularly in the palm oil and coal sectors, about its market impact. The government is currently engaging with industry associations to address these concerns and finalize the team structure for PT DSI.