Indonesia Centralizes Key Exports From June 1 as Commodity Shares Slide

4 articles · Updated · Bloomberg · May 20

Coal miners, palm-oil producers and traders scrambled on Wednesday to assess Indonesia’s new export-control regime, which abruptly disrupted one of the country’s biggest industries.
The plan puts key commodity exports under tighter state control through Danantara and requires exporters to keep foreign-currency earnings in state banks starting June 1.
Rumors of the overhaul began circulating on Tuesday and knocked shares of Indonesian miners and palm producers lower as market participants questioned how far President Prabowo Subianto would go.
The move extends Prabowo’s broader push to centralize strategic assets, with officials framing it as a way to curb under-invoicing and tax evasion, raise state revenue and support the rupiah.

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