Indonesia tightens control over key commodities in major trade takeover, influencing global exports

Contributing sentiments towards policy:

59% : " The swiftness of the new rule's implementation could affect access to needed resources for China's clean technologies industries, which use Indonesian commodities to supply growing demand for renewable energy.
57% : The new regulation announced to parliament Wednesday by Indonesian President Prabowo Subianto mandates that a recently set up state-owned enterprise will handle the country's exports of coal, palm oil and iron alloys by September.
57% : Prabowo said one aim is to increase tax revenues.
54% : Other major importers of Indonesian palm oil, coal and nickel include the U.S. and the European Union.
39% : Chinese enterprises recently have faced "excessively stringent regulation, over-enforcement, and even corruption and extortion by competent authorities," the letter said.
37% : Indonesia tightens its grip on natural resources Prabowo told lawmakers Indonesia had lost as much as $908 billion because exporters underreport their sales to avoid paying taxes and other fees.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.