KUALA LUMPUR: Malaysia needs to strengthen its monitoring of commodity exports to tackle under-invoicing, a practice where exporters declare lower values or quantities than those actually shipped, potentially depriving the government of revenue, maritime industry players say.

Datuk Seri R. Jeyenderan, chief executive officer of Maritime Network Sdn Bhd, said Indonesia’s decision to establish a centralised agency to oversee major commodity exports should prompt Malaysia to assess whether its existing monitoring mechanisms are sufficiently effective.

He said Malaysia already had various digital platforms and government agencies tasked with overseeing export declarations, permits and supporting documentation.