{
  "id": 17014922,
  "title": "Wilmar slides more than 4% after weaker Q3 earnings; Indonesian police probe plantation fires",
  "url": "https://urgent.news/2026/10/29/wilmar-slides-more-than-4-after-weaker-q3-earnings-indonesian-police-17014922",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T05:38:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/wilmar-slides-more-than-4-after-weaker-q3-earnings-indonesian-police-probe-plantation-fires"
  },
  "original_language": "en",
  "account": "Wilmar International's shares plummeted more than 4% on October 29, following weaker-than-expected third-quarter earnings and an ongoing investigation into plantation fires in Indonesia. The stock was trading at $3.12, a 4.6% decrease from its previous closing price of $3.27. This represented the lowest trading price since January 21, with a trading volume of 4.7 million shares. Over the past six months, Wilmar's shares have dropped more than 20%.\n\nIndonesian police were investigating fires affecting about 28 hectares of plantation land belonging to Wilmar's subsidiaries in West Kalimantan. The company claimed internal investigations revealed that the fires originated outside its concession boundaries or in non-planted areas, including land farmed by local communities and conservation areas under its management. Wilmar estimated losses at less than US$500,000.\n\nThe weaker earnings report followed a second round of queries from Singapore Exchange Regulation, which sought further information on the companies' exposure to the fires and haze affecting Singapore. Wilmar had no business relationships with 10 Indonesian companies issued preventive measure notices under Singapore's Transboundary Haze Pollution Act. The company chairman and CEO, Kuok Khoon Hong, attended a meeting with Singapore ministers on October 28 to discuss the haze issue. Wilmar insisted the fires and haze would not have any material impact on the group.",
  "summary": "Indonesian police are investigating about 28ha of plantation land belonging to Wilmar's subsidiaries.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Wilmar slides more than 4% after weaker Q3 earnings; Indonesian police probe plantation fires",
        "url": "https://urgent.news/2026/10/29/wilmar-slides-more-than-4-after-weaker-q3-earnings-indonesian-police",
        "published": "2026-10-29T03:51:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}