Indonesia’s President Prabowo Subianto announces major overhaul of natural resource trade
Indonesia's President Prabowo Subianto has announced a significant overhaul of the country's natural resource trade. The new policy mandates that coal and palm oil exports be routed through state-owned enterprises to prevent revenue loss. This transition is set to begin in June 2026, with full implementation expected by September 1, 2026.
- ▪The overhaul aims to address issues of underinvoicing and offshore earnings diversion.
- ▪Private exporters have been accused of underreporting shipment values and shifting profits offshore.
- ▪State-owned firms will manage the exports, providing the government with better oversight of transactions.
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Indonesia’s President Prabowo Subianto announces major overhaul of natural resource trade Jakarta plans to funnel coal and palm oil exports through state-owned firms to crack down on underinvoicing and offshore earnings diversion. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Indonesia, the world’s largest exporter of thermal coal and palm oil, is about to fundamentally reshape…
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