world-economy

Indonesia Eyes Tighter Grip on Commodity Exports Amid Currency Pressures

President Prabowo Subianto is moving to centralize state control over Indonesia's commodity exports, including coal and palm oil. The government is battling a weakening rupiah and fiscal strain while targeting tax evasion and managing capital flows more tightly. Market reaction has been volatile, with Indonesian equities and the currency experiencing sharp swings ahead of implementation details. Palm oil futures climbed on the announcement, while stock prices for domestic coal and palm oil producers fell sharply as investors weighed potential impacts on export earnings and corporate profitability. The government plans to present further details in coming weeks. The policy represents a significant shift in how Southeast Asia's largest economy manages its most valuable trade sectors.