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
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