Indonesia to make resources exporters keep earnings at home for a year

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JAKARTA :Indonesia plans to require exporters of natural resources retain their export proceeds in the country for at least one year, up from the current three months, its chief economic minister said on Wednesday.

But the rupiah has been volatile due to capital outflows.

It closed the year down 4.7 per cent against dollar.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Minister Summit Cent Rupiah Economic Year Affairs Export Hartarto Airlangga Coordinating

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 19:12:39 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 321 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 24976458

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 38 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 55 minutes ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #27

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