JAKARTA As the European Union is set to adopt a landmark regulation that prohibits companies from trading commodities from deforested areas and illegal sources, the proposed law continues to be divisive. On one hand, governments of palm oil producing countries like Malaysia and Indonesia have rejected the law, saying its requirements are too strict […]
JAKARTA The combination of weak antigraft policies, lack of transparency, revolving-door politics, and the prevalence of politically exposed persons within companies makes Indonesia’s palm oil industry highly prone to corruption, a new report says. Published by anticorruption NGO Transparency International Indonesia (TII), the report evaluates the top 50 palm oil companies in Indonesia, the […]