Indofood Agri says SIMP paid Rp2.34 trillion forestry charges into escrow pending resolution

Reuters
2 hours ago
Indofood Agri says SIMP paid Rp2.34 trillion forestry charges into escrow pending resolution

Indofood Agri Resources Ltd. said Indonesia’s Ministry of Forestry imposed forestry administrative charges of Rp2.34 trillion (about S$179 million) on its listed subsidiary PT Salim Ivomas Pratama Tbk and its subsidiaries under recent regulations. The company said the SIMP Group paid the charges in good faith to a government escrow account on Dec. 30, 2025, pending final resolution, and is in ongoing discussions with authorities, with an announcement to follow once the outcome is conclusive.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Indofood Agri Resources Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 08645FMJDAAR3NWQ) on February 23, 2026, and is solely responsible for the information contained therein.

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