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Withhold release order against Sime negative
PETALING JAYA: Moody’s Investors Service said the United States Customs and Border Protection withhold release order (WRO) against palm oil giant Sime Darby Plantation Bhd’s (SDP) products, which is premised on forced labour allegations, is credit negative.
US govt order against Sime Plantation credit negative, Moody's says
KUALA LUMPUR: Moody’s Investors Service said the United States Customs and Border Protection withhold release order (WRO) against palm oil giant Sime Darby Plantation Bhd's (SDP) products, which is premised on forced labour allegations, is credit negative.
Trading ideas: Mudajaya, Hong Seng, Top Builders, construction stocks
KUALA LUMPUR: Mudajaya, Hong Seng, Top Builders and construction stocks are among the counters which could see trading interest on Monday after their corporate announcements last Thursday, JF Apex Research says.
MPOCC concerned over US import ban
KUALA LUMPUR: The Malaysian Palm Oil Certification Council (MPOCC) has observed with great concern over the US ban on Sime Darby Plantation Bhd which cited allegations of forced labour in its production process.
Sime Plantation reviewing US Customs order
PETALING JAYA: Sime Darby Plantation Bhd (SDP), which had been issued with a Withhold Release Order (WRO) by the US Customs and Border Protection (CBP), is currently reviewing order to better understand the potential impact, if any.
MPIC regrets US ban on Sime Plantation palm oil
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities Industry (MPIC) has expressed regret and disapproval regarding the drastic action taken by the United States (US) to bar the entry of palm oil produced by Sime Darby Plantation Bhd (SDP) without giving the company an opportunity to defend itself.
RSPO launches probe into alleged forced labour by Sime Plantation
KUALA LUMPUR: The Roundtable on Sustainable Palm Oil (RSPO) has launched an immediate investigation into allegations of forced labour by Sime Darby Plantation Bhd and the action taken by the US Government.
Sime Plantation slumps after US bans its palm oil imports
KUALA LUMPUR: Shares of Sime Darby Plantation Bhd fell to a low of RM4.95 – the lowest in a month – on Thursday after it was accused of using forced labour prompting the US to ban imports of its palm oil.
US blocks palm oil imports from Sime Darby over forced labour allegations
KUALA LUMPUR: The United States banned imports of palm oil from Sime Darby Plantation from Wednesday over allegations of forced labour in the production process, the U.S. Customs and Border Protection (CBP) said.