TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Businesses fret over extended export earnings lockup

Deni Ghifari (The Jakarta Post)
Premium
Jakarta
Tue, January 14, 2025

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Businesses fret over extended export earnings lockup A vendor looks at a mobile phone while waiting for frozen squid to defrost in Muara Baru Modern Fish Market in Penjaringan, North Jakarta, on Sept 14, 2019. (JP/Nina Loasana)

I

ndonesian businesses have expressed concern over a new regulation on export receipts (DHE) that they say disrupts their cash flow and ultimately jeopardizes their global competitiveness.

Indonesian Employers Association (Apindo) chairwoman Shinta Kamdani told The Jakarta Post on Monday that she understood what the government was trying to achieve but said the policy had to take into account the “significant challenges” exporters would face.

“[It] often takes a long time for a company to receive the export receipts. With the DHE locked up for 12 months, exporters will struggle to finance the next production cycle, given that the [export earnings] have to be deposited for a long time,” said Shinta.

Under the regulation issued in 2023, exporters engaged in mining, plantations, forestry or fisheries are required to deposit at least 30 percent of their export earnings in Indonesia for a minimum of three months if their DHE surpass US$250,000.

Read also: New export receipt rules ‘mostly good’ but must not hamper cashflow

The mandatory deposit period would be extended from three months to “at least one year”, Coordinating Economic Minister Airlangga Hartarto announced on Wednesday.

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

By registering, you agree with The Jakarta Post's

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

Separately, Airlangga revealed on Friday that the government was looking to enforce the new regulation this month, flanked by incentives in the form of favorable interest rates on bank loans.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Businesses fret over extended export earnings lockup

Rp 29,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 29,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.