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 underreport shipment volumes to reduce tax obligations.

The scheme is set to begin on June 1, with the designated SOE exporters taking charge of the clearance process, while local exporters will still handle pre-clearance and…

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…

Prabowo said the government is seeking to curb illegal mining, plantations, and fraud to address an estimated US$150 billion in annual export losses.

The full force of the new policy will come into effect after a transition period that has been set at three months but can be extended to the end of the year.

A state agency will handle exports of palm oil, coal and ferroalloys to stem revenue loss and under-invoicing, the president says.

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…

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,…

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.

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