Indonesia Advances Export Control Plan Despite Uncertainty

Indonesia is pushing ahead with plans to centralize exports of key commodities starting June 1, casting a cloud of regulatory uncertainty over natural resource producers.

Coal, palm oil and ferro alloy producers are expected to start submitting export-related documents to the newly formed state-owned firm PT Danantara Sumberdaya Indonesia beginning on June 1, said Coordinating Economic Minister Airlangga Hartarto at a press briefing in Jakarta on Sunday.

The firm, a unit of sovereign wealth fund Danantara, will take over specific export activities as early as September or latest by Jan. 1, he said. Indonesia’s Finance Minister Purbaya Yudhi Sadewa and ...