Indonesia Mandates Palm Oil, Coal, Ferroalloy Sales Through State Companies on Wednesday

GateNews
On Wednesday, Indonesian President Prabowo announced that exports of palm oil, coal, and ferroalloy must be channeled exclusively through government-designated state companies. The policy aims to address fiscal pressures and currency weakness. Prabowo stated that the export sector suffers from systematic underreporting of invoices and accounts, resulting in significant revenue losses, with reported data often vastly diverging from actual figures.
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