Indonesia tightens state control over exports of vital commodities
JAKARTA, Indonesia (AP) — Indonesia is tightening state control over its globally important natural resources, with new regulations requiring that state-owned enterprises handle exports of key commodities like palm oil, coal and iron alloys. President Prabowo Subianto told parliament on Wednesday that Indonesia had lost as much as $908 billion because its commodities were undervalued when they were exported. Increasing control will bring more money into government coffers, he said, […]