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Indonesia significantly strengthens resource export controls! Establishes a state-owned enterprise; the President says it will “become the sole exporter for all resources, from palm oil and coal to ferroalloys.”

Indonesia significantly strengthens resource export controls! Establishes a state-owned enterprise; the President says it will “become the sole exporter for all resources, from palm oil and coal to ferroalloys.”

``` Indonesia has announced it will monopolize commodity exports through a state-owned enterprise, a move that will profoundly reshape the business landscape of the world's largest exporter of palm oil, thermal coal, and nickel, and impact global markets dependent on Indonesian commodities. On May 20, according to the UK