GgoogleSG first seen 1 d ago, last 1 d ago, peak #1

Shares of palm oil firms fall over Indonesia haze notices

Original: indonesia

Shares of palm oil companies First Resources and Bumitama Agri have fallen after both received notices from Singapore's National Environment Agency over haze, which is linked to land and forest fires in Indonesia. The Transboundary Haze Pollution Act allows Singapore to act against firms whose operations cause haze affecting the city-state. Investors reacted quickly, sending the stocks down as the companies face potential scrutiny and liabilities tied to the fires.

Why now: Recurring Indonesia-sourced haze affecting Singapore revives environmental and legal concerns around palm oil companies, moving their share prices.

First ResourcesBumitama AgriNational Environment AgencyIndonesiaSingapore

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Evidence

• Indonesia-Singapore spats escalate over haze, energy, MSCI · Nikkei Asia
• Singapore’s Top Envoy Visits Indonesia After Natural Gas Cuts · Bloomberg.com
• First Resources, Bumitama Agri shares fall after receiving NEA notices over haze · The Straits Times

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