Indonesia to Tighten Export Controls on Coal and Palm Oil to Curb Tax Evasion

Indonesia is set to implement stricter controls on exports, particularly focusing on coal and palm oil, in an effort to address tax evasion and stabilize the declining rupiah. Bloomberg posted on X, highlighting the government's strategy to enhance regulatory measures to ensure compliance and boost revenue. The move comes as Indonesia grapples with economic challenges, including a weakening currency and the need to secure fiscal stability. By tightening export regulations, the government aims to prevent revenue losses and support the national economy. The initiative reflects Indonesia's broader efforts to strengthen its financial systems and maintain economic resilience amid global uncertainties.