Indonesia’s main employer group is seeking to cap wage gains well below what authorities and unions have sought in recent years, raising the risk of labor disputes that would test the country’s next leader.
An independent study cleared Sinar Mas Group , the world’s second-biggest palm oil producer, of destroying rainforests in Indonesia, according to a statement from PT Sinar Mas Agro Resources and Technology Tbk .
Forest fires brought on by drought in Malaysia and Indonesia fouled air quality to unhealthy levels in parts of Southeast Asia, stoking concerns of a repeat of the haze that engulfed the region in June.
Sinar Mas Group said that an independent report into allegations by Greenpeace that it destroyed rainforests to clear land for palm oil estates were either wrong or exaggerated, according to a statement today.
Golden Agri-Resources Ltd. , part of Indonesia’s Sinar Mas Group, said the government of Liberia and Golden VerOleum (Liberia) Inc. plan to invest $1.6 billion in oil palm plantations in the African nation.
The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Asia Pulp & Paper Co. is reassuring customers that it is uses no illegally logged trees in its paper mills after Greenpeace International accused the company of destroying the habitat of the endangered Sumatran tiger.