Indonesia to bring commodity exports under centralised control, president says - Reuters
Indonesia to bring commodity exports under centralised control, president says Reuters
Coverage by Political Leaning
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Notable Quotes
"Today the Indonesian government that I lead will issue a regulation on management of commodity exports."
— Prabowo Subianto , Politician
"In the first stage the commodities affected will be coal, palm oil and ferroalloy."
— Airlangga Hartarto , Politician
"Cracking down on under-invoicing was one of his priorities."
— Purbaya Yudhi Sadewa , Politician
"the U.S. might need to strike Iran once again"
— Donald Trump , Politician
"pledged to maximise revenue from the rich natural resources of the country"
— Prabowo , Politician
"Untuk mencapai tujuan bernegara kita, hari ini, Pemerintah Republik Indonesia yang saya pimpin menerbitkan Peraturan Pemerintah tentang Tata Kelola Ekspor Komoditas Sumber Daya Alam."
— Prabowo Subianto , Politician
"Tujuan utama kebijakan ini adalah memperkuat pengawasan dan monitoring, serta memberantas praktik kurang bayar (under-invoicing), praktik pemindahan harga (transfer pricing), dan pelarian devisa hasil ekspor."
— Prabowo Subianto , Politician
Key People
Indonesia's Coordinating Minister for Economic Affairs.
Andrew Bailey is the governor of the Bank of England.
Former president of the United States known for his aggressive economic policies.
Joko Widodo is the President of Indonesia.
Kevin Warsh is the Federal Reserve's new chief.
Narendra Modi is the Prime Minister of India.
Prime Minister of Hungary.
Prabowo is an Indonesian politician and former general known for his populist policies.
President of Indonesia.
Indonesian Finance Minister discussing maritime tolls.
Chief of sovereign wealth fund Danantara Indonesia.
Prime Minister of Japan re-elected by Parliament.
Vladimir Putin is the President of Russia.
Xi Jinping is the General Secretary of the Communist Party of China and President of China.
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<a href="https://news.google.com/rss/articles/CBMizAFBVV95cUxPZGs0RHkxMzduUTFrWkRzcWpXaXNmMVRaZjV1N2gwdjFMNDhXZm9iaEFHQ2gwQmJwa281b0w4SWJDZ2RydUQ1TFhIUVFkSU5VcTBVc1Zfc3draTZLNkFha09tLTdHalM2Y0djMnYtbXZlV29pNDVvYkkxaFpHRGxBM0VHQmhzZkFVa2JoUkgwTC0ta2hoQjJXZVNPR0RsMXVSZ2lmWFJnNkQwSXprX2YzUTVrZjByQjktdExMVDNjLTl2TWkyN1A4RnB3OWs?oc=5" target="_blank">Indonesia to bring commodity exports under centralised control, president says</a> <font color="#6f6f6f">Reuters</font>
Indonesian President Prabowo Subianto announced plans to centralize exports of key commodities like palm oil and coal to boost state revenues and tighten control over natural resources.
Indonesia intends to establish a new state entity to manage exports of commodities such as coal and palm oil, aiming to combat tax evasion and support the rupiah.
President Prabowo Subianto announced the issuance of a government regulation on the management of natural resource commodity exports, designating state-owned enterprises as sole exporters for commodities like palm oil, coal, and ferro alloy.
Indonesia plans to create a state entity to supervise commodity exports, including palm oil and coal, to reduce under-invoicing and bolster state revenue.
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