Indonesia’s Prabowo tightens state grip on palm oil, coal amid monopolistic fears

Indonesia will require exports of key commodities to pass through a state-appointed enterprise in a sweeping effort to curb revenue leaks, tighten oversight of natural resources and keep more foreign exchange earnings at home.
The policy, announced by President Prabowo Subianto in a rare address to parliament on Wednesday, would apply to palm oil, coal and ferroalloys – three major export earners for Southeast Asia’s largest economy.
Under the new regulation, producers would have to sell their…

المصدر: SCMP — Business