Resource-rich Indonesia plans to centralise commodities exports through a state-run agency, in a move set to shake up the world’s largest exporter of palm oil, thermal coal and nickel.
Jakarta would establish a new state-owned enterprise that would be the sole exporter of many commodities produced in the country, President Prabowo Subianto said on Wednesday.
“The sales of all our natural resources, starting with palm oil, coal and ferroalloys, must be through a state-owned enterprise appointed by the Indonesian government as the sole exporter,” Prabowo said in parliament.
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