Indonesia president wants thorough probe of palm oil graft allegations


The shortage of palm oil-based cooking oil hit Indonesia despite it being the world's largest producer of palm oil. - Reuters

JAKARTA: Indonesian President Joko Widodo said on Wednesday he wanted a thorough investigation of alleged breaches of rules for issuing palm oil export permits after the government's policy failed to help contain surging cooking oil prices.

Indonesia's Attorney General a day earlier launched a corruption probe, naming four suspects including a senior Trade Ministry official and three palm oil executives.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
palm oil , cooking oil , Indonesia , Joko Widodo , Wilmar

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Watts from water
Singapore’s financial sector a big winner
Up in Arms - or up the value chain?
Asia bonds for diversification
Smart city can’t beat the traffic
Powering a new reinvestment cycle as demand surges
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read