Indonesia’s Prabowo tightens state grip on palm oil, coal amid monopolistic fears
Indonesia's Minister of Defense, Prabowo Subianto, is increasing state control over the palm oil and coal industries. This move has raised concerns about potential monopolistic practices in these sectors. Critics argue that such actions could harm competition and lead to higher prices for consumers.
- ▪Prabowo Subianto is tightening government regulations on palm oil and coal.
- ▪The decision has sparked fears of monopolistic behavior in these industries.
- ▪There are concerns that increased state control may negatively impact market competition.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.