GoldenAgri

GoldenAgri: Indonesia has pinpointed eight co’s - including PT Sinar Mas Agro Resources and Technology (Smart), the parent of GGR, as being responsible for the raging forest fires in Sumatra that have caused hazardous levels of haze in Singapore over the past week. Senior forestry officials were quoted as telling Reuters yesterday that the majority of the hotspots in the province of Riau are inside Smart concessions. Smart came out to defend itself after it was named in various news reports. Golden Agri said that the company knew of no hotspots on its concessions. Given the current situation, grp has intensified its fire surveillance patrols with sufficient firefighting equipment.