Business · Companies · 1 hr ago

Singapore Summons Salim Group Parent Over Forest and Land Fires

Singapore Summons Salim Group Parent Over Forest and Land Fires

Singapore authorities summoned Indofood Agri Resources, the parent company of Indonesian plantation firm Salim Ivomas Pratama, known as SIMP.

The summons relates to concerns about forest and land fires, which can cause haze to spread across borders.

Singapore is considering changes to its Transboundary Haze Pollution Act that could make companies’ failure to cooperate with investigations a criminal offence.

SIMP says it has not received an update from its parent about the matters raised by Indonesia’s stock exchange regulator.

The company says it follows a no-burning policy, monitors fire hotspots and works with communities and authorities on prevention and response.

SIMP’s plantations, mills and production are operating normally, with no material effect on its business reported.

The company says it cooperates with investigations, but no further outcome is given.

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Based on information in the media, one of the parties that received a summons from the authorities in Singapore and attended a meeting was the Company's indirect parent entity, Indofood Agri Resources Ltd.
via CNBC Indonesia