“While the initiative may enhance regulatory efficiency and support national revenue objectives over the longer term, further clarity is expected regarding the implementation framework, administrative processes, and documentation requirements,” the company adds.
Geo Energy Resources (SGX:RE4
) announced that it has not received any official communication or directive in relation to Indonesia’s proposed plan to centralise control of commodity exports.
Geo Energy Resources’ board of directors note that the proposed plan by the Indonesia’s government reflects a broader policy direction aimed at strengthening state oversight and improving coordination across key resource sectors in the country.
