Indonesia President Prabowo Subianto announced state-owned enterprises will become sole exporters of coal, palm oil, and ferroalloys, sending nickel prices higher.
Industry frets as government targets palm oil, coal and key minerals
By Amanda Lee and Fabiana Negrin Ochoa
Indonesia is tightening control over its globally important natural resources, with new regulations requiring exports of key commodities like palm oil, coal and iron alloys to be handled by state enterprises
A state agency will handle exports of palm oil, coal and ferroalloys to stem revenue loss and under-invoicing, the president says.
Danantara subsidiary to review existing contracts for coal, palm oil and nickel
JAKARTA, Indonesia (AP) — Indonesia is overhauling its trade policies for key commodities in a sudden move that some experts liken to a hostile takeover of major industries in the
Indonesia is tightening control over its globally important natural resources, with new regulations requiring exports of key commodities like palm oil, coal and iron alloys to be…
Industry frets and stocks fall as government targets palm oil, coal and key minerals
President Prabowo Subianto says key commodities must be sold through a state-designated exporter as Jakarta seeks more revenue and pricing power
The move is likely to unsettle international investors already concerned about the uncertain trajectory of economic policymaking under Prabowo.
Speaking before the House of Representatives’ plenary on Wednesday, President Prabowo Subianto announced that exports of certain commodities will eventually be conducted through a…
Indonesia's President Prabowo Subianto will route coal and palm oil exports through state-owned firms by September 2026 to curb underinvoicing and boost tax revenue.
Hervorming economie: De Indonesische regering trekt de export van kostbare grondstoffen naar zich toe. Formeel met als doel om corruptie te bestrijden, maar er zijn ook zorgen…
Nuove regole: il fondo sovrano statale Danantara al centro delle vendite estere di olio di palma, carbone e nickel. Obiettivo dichiarato: frenare sottofatturaz…
The new initiative will tighten state control over key commodities such as coal and palm oil.
Rating agencies sound alarm over wider regulatory uncertainty