Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Shares of Wilmar drop in S’pore after Indonesian court overturns its corruption acquittal
The Straits Times
|September 27, 2025
Singapore-based global palm oil company Wilmar International has been found guilty of corruption after Indonesia’s Supreme Court overturned its previous acquittal in a graft case involving cooking oil export permits during the shortage crisis in 2021 and 2022.
-
Founded by Singaporean tycoon Kuok Khoon Hong, the Singapore-listed company said in a bourse filing on Sept 25 that Indonesia’s Supreme Court overturned the previous acquittals of the group and two Indonesian palm oil companies - Permata Hijau and Musim Mas.
The news sent Wilmar’s share price tumbling on Sept 26. The stock slumped as much as 3.8 per cent to the lowest since February 2016 on an intraday basis, before closing down 1.4 per cent at $2.85.
The companies were accused of illegally profiting from the evasion of state-imposed export controls on cooking oil and palm oil.
Diese Geschichte stammt aus der September 27, 2025-Ausgabe von The Straits Times.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The Straits Times
The Straits Times
S. Korea's tourism gains, but security issues loom amid Beijing-Tokyo spat
Analysts say a prolonged Sino-Japanese row could undermine trilateral cooperation
5 mins
November 28, 2025
The Straits Times
'HK spirit revived': Massive blaze triggers wave of community support
The deadliest fire in Hong Kong in 77 years has galvanised the city as locals from all walks of life came out in full force on Nov 27 to help those affected.
4 mins
November 28, 2025
The Straits Times
China's domestic price wars are a threat to its economy
Overproduction, deflation and debt are hurting China's companies and putting its workers' jobs at risk. This is the second in a three-part Opinion series on the Chinese economy.
6 mins
November 28, 2025
The Straits Times
Card top-ups • Remove friction for SimplyGo app users
I have found using the SimplyGo app to top up my ez-link card to be convenient because it removes the need to queue at kiosks. However, there are some limitations.
1 min
November 28, 2025
The Straits Times
Bangladesh ex-PM, after death penalty, gets 21 years in jail for land grab
sentenced ousted prime minister Sheikh Hasina on Nov 27 to 21 years in prison for corruption, a week after she was given the death penalty for crimes against humanity.
1 mins
November 28, 2025
The Straits Times
Senior households form a third of HDB residents, up from one-quarter in 2018
About 86% of such households want to keep living in current flat, rather than move: Survey
5 mins
November 28, 2025
The Straits Times
Increase co-payment only for those opting for private healthcare
The need to rein in healthcare costs is real (MOH moves to curb rising premiums; IP riders sold from April 2026 won't cover minimum deductibles, Nov 26).
1 min
November 28, 2025
The Straits Times
Debut of Philippines-China centre raises questions about Beijing's influence
Opening of centre in Manila comes just as public trust of China hits record lows
4 mins
November 28, 2025
The Straits Times
I FEEL SAFE, I HAVE A LOT OF SUPPORT FROM ABOVE: SLOT
He's confident of avoiding axe after PSV loss despite criticism by ex-Red Gerrard, fans
2 mins
November 28, 2025
The Straits Times
Nvidia issues memo rebutting critics sceptical of its valuation
Nvidia, the world’s most valuable company, has gone on the defensive against sceptics of its US$4.5 trillion (S$5.8 trillion) valuation, down from a historic US$5 trillion, by waging an information campaign on Wall Street and social media.
1 mins
November 28, 2025
Listen
Translate
Change font size