Min Jie Yaw on Muck Rack

Min Jie Yaw

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Indonesia announces state body to oversee palm oil exports; market seeks clarity on implementation

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By Min Jie Yaw, Regina Koh
| FastMarkets Verified
In a parliamentary speech on Wednesday, the president announced the formation of a state-owned body to manage the sale of exports of strategic natural resources to optimize government revenue, fight under-invoicing and improve export monitoring. These issues, if addressed, could lead to potential revenue of $150 billion for Indonesia, according to the president.
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