Fonterra Co-operative Group (NZE:FCG) said that Chief Innovation and Brand Officer Komal Mistry-Mehta will step down, effective October, according to a Tuesday filing with the New Zealand bourse.
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Star Entertainment Group Says Sydney Casino Fined AU$10 Million by New South Wales Regulator
Star Entertainment Group (ASX:SGR) said its Sydney casino was fined a total of AU$10 million by the New South Wales Independent Casino Commission (NICC) over multiple compliance breaches and must set aside a further AU$5 million to strengthen financial crime risk management technology, according to an Australian bourse filing on Monday after market hours.The penalties comprise AU$1.5 million for allowing patrons to gamble beyond permitted time limits, AU$3 million for enabling the conversion of casino reward points into cash, AU$500,000 for failing to prevent an excluded patron from entering the casino on nine occasions, and AU$5 million for widespread shortcomings in financial crime risk management, per the filing.The NICC acknowledged major improvements under the company's new leadership and technology upgrades but said the penalties reflect the serious breaches that exposed customers to gambling harm and increased the risk of criminal infiltration, the filing added.
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Asia
Indonesia Cuts Crude Palm Oil Benchmark Price for June
Indonesia lowered the June crude palm oil (CPO) benchmark price to $1,029.51 per metric ton, according to a statement by Indonesia's Trade Ministry on May 30.This represents a 1.91% decline from $1,049.58 per metric ton in May.The lowering of the reference price came about due to a drop in demand from major importing countries such as India.As a result, export duty on crude palm oil fell to $148 per metric ton in the month, Director General of Foreign Trade of the Ministry of Trade Tommy Andana said.The June export levy stood at 12.5% of the reference price, which is nearly $128.6892 per metric ton, Tommy added.
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Asia
Uni-chem's CEO Steps Down; Successor Named
Uni-Chem's (KRX:011330) CEO Kim Jin-hwan resigned Monday, according to a same-day South Korea bourse filing.The motor vehicle part maker named Lee Jongwan as its new CEO.
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