Singapore's Senior Minister Shanmugam warned agriculture companies linked to haze, stating the government would take severe measures, leading to a decline in several agricultural stocks.
Singapore's Senior Minister K. Shanmugam warned on Tuesday that companies linked to the haze "will not escape responsibility," and the government will use all legal and regulatory means to exert pressure, including impacting their financing and investor reputation. He revealed that the Singapore Exchange has questioned seven companies. Affected by this, Bumitama Agri's stock price fell by 6.5%, First Resources by 4.83%, and Golden Agri Resources and Wilmar International by nearly 2%. Shanmugam named companies such as First Resources and Bumitama Agri as being linked to hotspots or sources of haze, and stated that Singapore might urgently amend or introduce new laws to ensure cooperation.
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