Indonesian resource exporters must retain all proceeds onshore for a year, government says

JAKARTA, Jan 21 (Reuters) - Indonesia will require natural resource exporters to keep all proceeds onshore for at least one year under a new regulation that the government will soon issue, its chief economic minister said on Tuesday. The new requirement applies to every export with a shipping document worth at least $250,000, said Minister Airlangga Hartarto. Under the current rules, exporters are required to retain just 30% of the proceeds on every custom document for export worth at least $250,000 in the domestic financial system, for three months. (Reporting by Stefanno Sulaiman; Writing by Gayatri Suroyo; Editing by Martin Petty) ((mailto:[email protected]; +622129927609;))