FLASH: Indonesia to mandate exports of key commodities via state-owned enterprises

Indonesian President Prabowo Subianto announced on May 20 that exports of key commodities including coal, palm oil and ferroalloys will be channeled through government-appointed state-owned enterprises (SOEs), marking a major shift in the country's resource export policy.

Speaking at an official event on May 20, Prabowo said the designated SOEs would act as sole exporters for the selected commodities under a new regulation aimed at tightening control over Indonesia's trade in natural resources. "The main objective of this policy is to strengthen supervision and monitoring, while eradicating