Indonesia tightens control over key commodities in major trade takeover, influencing global exports
Indonesia is overhauling its trade policies for key commodities in a sudden move that some experts liken to a hostile takeover of major industries in the resource-rich nation, with global implications. The new regulation announced to Parliament on Wednesday (May 20, 2026) by Indonesian President Prabowo Subianto mandates that a recently set up state-owned enterprise…