Veytics Intelligence
2026-10-20 · CNBC

'Cannot play hide and seek': Singapore minister's warning over haze sends agricultural stocks lower

Shares of several Singapore-listed agricultural companies fell Tuesday after Senior Minister K Shanmugam warned they won't "escape responsibility" for their possible role in the haze blanketing the city-state. "Companies cannot play hide and seek" with different corporate structures, hoping that will help them, Shanmugam said, revealing that seven companies had been questioned by the Singapore Exchange. Bumitama Agri fell as much as 6.5%, while First Resources dropped to a low of 4.83%. Golden Agri Resources and Wilmar International slipped almost 2%.

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