TEMPO.CO, Jakarta - Posts on Facebook and TikTok [archive] claim that the one-stop export policy is effective against international oligarchs stealing Indonesia's natural resources. This narrative circulated after Indonesian President Prabowo Subianto announced the one-stop export policy on Pancasila Day, June 1, 2026.
The content accused Indonesia of exporting commodities through Singapore and an "oligarch mafia." The new policy is believed to reduce the income of this group.
Is the one-stop export policy really effective against international oligarchs?
FACT CHECK
Tempo investigated the facts through reports and other credible sources. The results showed that the one-stop export policy is not aimed at fighting specific countries accused of being oligarch mafias.
Anthony Budiawan, an economic and investment observer from Political Economy and Policy Studies (PEPS), explained that the majority of Indonesian commodity exports are shipped directly to their destination countries. Consequently, the appointment of PT Danantara Sumberdaya Indonesia (DSI) as the sole exporter is not intended to stem foreign domination.
"Many mining exports are now made directly to importing countries like China, no longer via Singapore," Anthony said when contacted by Tempo on Monday, June 15, 2026.
Anthony believes this policy actually creates uncertainty for business actors and has the potential to violate corporate law, such as freedom of transactions. He believes that institutionally, the government or state cannot manipulate export goods. Such unscrupulous practices are generally carried out by private corporations or individuals. "Don't break the law in the name of the law," he said.
Trimegah Sekuritas Indonesia economist Fakhrul Fulvian explained that there are two types of manipulation in export governance: misinvoicing and under-invoicing. Under-invoicing is the practice of manipulating trade documents, where the value of exported or imported goods is reported lower than the actual transaction price.
Misinvoicing is the manipulation of the value, volume, or quality of goods in export-import documents or invoices.
"Both practices have the potential to reduce state revenue from strategic sectors," Fakhrul said on Sunday, May 24, 2026, as quoted by Antara.
Singapore's Response
Singapore's Minister of Trade and Industry Gan Kim Yong expressed his respect for Indonesia's export governance policies. He hoped that trade flows between the two countries would continue to run smoothly.
As reported by CNN, Gan emphasized that Singapore is communicating with business players to ensure Indonesia remains their primary investment destination.
"We will continue to work with Singaporean business players to find ways to collaborate with Indonesia, ensuring that exports to Indonesia and access to Indonesian exports continue to flow freely," Gan said at a press conference following the Indonesia-Singapore Six Bilateral Economic Working Groups (6WG) meeting in Jakarta on Monday, June 9, 2026.
CONCLUSION
Tempo concludes that the narrative that a one-stop-shop export policy is effective against international oligarchs is misleading.
**Do you have information or claims that you want to have fact-checked? Contact our ChatBot. You can also send criticism, objections, or feedback for this Fact-Checking article via email to [email protected].
Fact Check: Pertamina Does Not Offer Free Fuel Vouchers via DM Registration
22 jam lalu
Several Threads accounts have circulated claims about a supposed 2026 free fuel voucher (BBM) registration program amid rising fuel prices.
Fact Check: Will a Weaker Rupiah Help Indonesia's Economy Grow?
2 hari lalu
Fact check - The weakening of the rupiah exchange rate actually increases the economic burden on the government and the people.
Fact Check: Did Indonesia Sell Rice to Malaysia at Rp10,000?
2 hari lalu
Social media claims state Indonesia plans to export rice to Malaysia for Rp10,000 per kg. Find out what Tempo's fact-check reveals.
Fact Check: Can Indonesia Withstand a Long Drought With Current Rice Stocks?
3 hari lalu
Fact check - Long dry spells can pose a risk of crop failure, which could threaten future rice supplies.
Fact Check: Video Does Not Show Thai Farmers Protesting Indonesia's Rice Self-Sufficiency
4 hari lalu
The farmer protest in the viral video was unrelated to Indonesia's 2025 halt of rice imports from Thailand and Vietnam.
Fact Check: Singapore Is Not Behind Rupiah's Weakening
5 hari lalu
Large investor withdrawals may affect the rupiah, but claims that Singapore fund flows are the main cause of its weakening are incorrect.
Fact Check: Has Indonesia Abandoned US Dollar to Boost Rupiah?
6 hari lalu
Fact check - It is not true that Indonesia has stopped using the US dollar. Global transactions and foreign exchange reserves are still held in US$
Fact Check: Sumatra Blackout Not Linked to Nuclear Material Smuggling
7 hari lalu
Fact check - There was no evidence of sabotage or intentional acts in the blackout in Sumatra island in Indonesia.
Fact Check: Viral Claim Says Weak Rupiah Helps Economy; Is It True?
8 hari lalu
Fact check - The weakening of the rupiah has actually caused prices of goods purchased by domestic consumers to skyrocket.
Fact Check: Can Finger Massage Cure Diseases Without Medicine?
9 hari lalu
Fact check - There are no scientific studies proving that massaging the fingers can cure illnesses without medication.
:strip_icc():format(jpeg)/kly-media-production/medias/5263253/original/068977400_1750812433-Cek_Fakta_Tidak_Benar_Ini_Link_Pendaftaran__10_.jpg)
