CommoditiesRating agencies sound alarm over wider regulatory uncertaintyTugboats pull barges loaded with coal on the Mahakam River in East Kalimantan, Indonesia. The government seeks to control exports of coal, palm oil and nickel through a new state body in a push to boost state revenue. © APISMI DAMAYANTI and REZHA HADYANMay 22, 2026 18:55 JSTJAKARTA -- Indonesia's move to monopolize exports of coal, palm oil and some forms of nickel under a new state enterprise has sent shockwaves through relevant industries, with producers and analysts warning of potential contract terminations and litigation.