‘Cannot play hide and seek’: Singapore minister’s warning over haze sends agricultural stocks lower

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Several Singapore-listed agricultural companies saw their share prices fall Tuesday after Senior Minister K. Shanmugam warned they would not escape responsibility for their potential role in the haze affecting the city-state. Seven companies have been questioned by the Singapore Exchange, including First Resources, Bumitama Agri, Golden Agri Resources, Wilmar International, Kencana Agri, Indofood Agri and TSH Resources. Bumitama Agri fell as much as 6.5%, First Resources dropped 4.83% and Golden Agri Resources and Wilmar International slipped almost 2%. Shanmugam warned that Singapore would use every legal and regulatory lever at its disposal, including on companies’ bottom lines and access to financing.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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