|Day's Range||48,800.00 - 49,500.00|
|52 Week Range||37,825.00 - 50,025.00|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Global consumer companies, including Unilever, Nestle, Kellogg and Procter & Gamble, have sourced palm oil from Indonesian plantations where labour abuses were uncovered, Amnesty International said on Wednesday. Children as young as eight worked in "hazardous" conditions at palm plantations run by Singapore-based Wilmar International Ltd and its suppliers on the Indonesian islands of Kalimantan and Sumatra, Amnesty said in a report.
Buying shares in Unilever’s Indonesia unit used to be an almost guaranteed way to profit from consumer spending growth in Southeast Asia’s most populous nation.
Indonesian shares fell the most in Asia and the rupiah snapped a four-day gaining streak on concern a dispute between the police and the anti-corruption agency will jeopardize President Joko Widodo’s economic reform agenda. The anti-graft credentials that helped propel Widodo to the presidency were tarnished when his nominee for police chief, Budi Gunawan, was named a suspect by the agency, known as the KPK. Gunawan is a former aide to Megawati Soekarnoputri, the chair of the party that nominated Widodo, known as Jokowi, as its presidential candidate. “This is not about a perception that Jokowi is weak in handling corruption, but more about his determination to put the public interest ahead of the agenda of the political parties who supported him,” said Norico Gaman, head of research at PT BNI Securities in Jakarta.