The new policy signals a shift toward tighter state control over trade, and experts warn that, if not implemented carefully, it could undermine the goal stated by the government, which is to boost state revenue collection by preventing invoicing fraud.

Speaking before the House of Representatives’ plenary on Wednesday, Prabowo said the policy was aimed at curbing under invoicing and transfer pricing, in which exporters…

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…

Danantara subsidiary to review existing contracts for coal, palm oil and nickel

The new policy signals a shift toward tighter state control over trade, and experts warn that, if not implemented carefully, it could undermine the goal stated by the government,…

The new initiative will tighten state control over key commodities such as coal and palm oil.

Rating agencies sound alarm over wider regulatory uncertainty