KONTAN.CO.ID - JAKARTA. Indonesia plans to issue a revised regulation on natural resource exporters' earnings in February, its finance minister said on Tuesday, adding that authorities were finalising details. The resource rich country has been considering revising rules on export earnings to make exporters keep their funds for longer onshore amid a global liquidity tightening, including potentially setting a minimum three-month holding period, officials have said. Sri Mulyani Indrawati said financial authorities were looking at determining a threshold for the portion of earnings that exporters must keep onshore, so not to disrupt shipments.
Indonesia Finmin to Issue Rules on Exporters Earnings in Feb
KONTAN.CO.ID - JAKARTA. Indonesia plans to issue a revised regulation on natural resource exporters' earnings in February, its finance minister said on Tuesday, adding that authorities were finalising details. The resource rich country has been considering revising rules on export earnings to make exporters keep their funds for longer onshore amid a global liquidity tightening, including potentially setting a minimum three-month holding period, officials have said. Sri Mulyani Indrawati said financial authorities were looking at determining a threshold for the portion of earnings that exporters must keep onshore, so not to disrupt shipments.