JAKARTA - PT Bukit Asam Tbk (PTBA) has signed a Memorandum of Understanding (MoU) for utilisation of Forex Export Proceeds from Nature-Resourced Export Goods (lit. Devisa Hasil Ekspor Sumber Daya Alam/DHE SDA) with 3 state-owned banks, namely PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), and PT Bank Mandiri (Persero) Tbk (BMRI).

Farida Thamrin, Director of Finance and Risk management of TPBA, mentioned that the collaboration with state-owned banks aims to optimise DHE SDA allocation for sustainability and growth of natural resource industry.

“Thus, it can boost the company’s contribution towards national economy,” Thamrin added in the press release quoted Wednesday (2/10).

The MoU was signed by Farida Thamrin; Budi Purwanto, EVP of Corporate Banking of Bank Mandiri; Ditya Maharani, SVP of Corporate Banking Division of BNI; and Teguh Tofani, Division Head of Energy & Mining Division of BRI, yesterday (1/10).

According to Thamrin, PTBA will remain compliant to the applicable policy and regulation regarding good corporate governance (GCG) principles.

In the Financial Report of PTBA as of June 2024, DHE SDA placement was seen reaching IDR 1.6 trillion, equivalent to USD 95.8 million, allocated to domestic financial instruments in Bank Indonesia and other partner banks.

It is known that Bank Indonesia (BI) has issued the regulation regarding DHE SDA allocation in BI Regulation No.7/2023 regarding DHE and Forex from Import Payment (lit. Devisa Pembayaran Impor/DPI). There is also Regulation of the Board of Governors of BI No.4/2023 regarding DHE and DPI, amended in Regulation of the Board of Governors of BI No.6/2024. (LK/ZH)