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.
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."We will continue to maintain our guidelines so that on one side Indonesia can be assured that when our exports are high, the earnings can strengthen our foreign exchange reserves," she told a joint news conference with other financial regulators.
Exporters in sectors that process natural resources would also be subject to the new regulation, Sri Mulyani said.
Source: News Formal (newsformal.com)
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