Indonesia’s Prabowo tightens state grip on palm oil, coal amid monopolistic fears
Indonesia's President Prabowo is consolidating state control over key commodity exports, including palm oil and coal. This move aims to combat under-invoicing and revenue loss, which Prabowo claims have drained billions from the economy and hindered public services. However, critics warn that the plan could lead to a state monopoly, disrupt existing trade agreements, and negatively impact Indonesia's global market access. AI
