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.
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 .
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.
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.
India’s Tata Power Co. has been selected as one of the bidders for a 30 percent stake in a coal unit owned by Indonesia’s Sinar Mas Group, the Wall Street Journal reported today, citing two unidentified people.