Indonesian President Prabowo Subianto announced on Aug. 16, 2026, that the country's newly established national export company will step up oversight of key commodity exports, including coal, without taking direct control of export operations. Speaking during his Independence Day address, he said the entity's expanded role is intended to ensure that revenues from Indonesia's natural resources benefit the public.
Prabowo said the state export company has already identified around $5 billion in potential lost export revenue stemming from discrepancies between reported prices and actual transaction prices. The disclosure highlights ongoing government efforts to tighten monitoring of commodity trade flows and capture a larger share of resource-linked income for the state, a development closely watched by coal and metals exporters operating in Indonesia.