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Indonesia to lift the ban on palm oil export when domestic market well supplied

15 Sept 05:07 Key points summarised by AI

President Joko Widodo stated that Indonesia's palm oil export ban will only be lifted once the domestic cooking oil supply is sufficient to meet demand.
The ban, effective April 28, covers various palm oil products, excluding some with secured customs declarations by April 27, and violators face sanctions.
The government aims for the ban to reduce domestic cooking oil prices to 14,000 rupiah per liter, which would signal the regulation's potential expiry.

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.