Indonesia to inject $487m into new state palm oil firm

Indonesia is preparing to inject around 8 trillion rupiah ($487.21 million) into Agrinas Palma Nusantara, a newly established state-owned palm oil company, senior finance ministry official Rionald Silaban announced.

Agrinas, previously operating in construction, has been repurposed to manage confiscated palm oil plantations linked to an ongoing corruption investigation.

Attribution: Reuters

Subediting: Y.Yasser