Food prices set to soar amid labour crunch

(BLOOMBERG) - Across the world, a dearth of workers is shaking up food supply chains. In Vietnam, the army is assisting with the rice harvest. In the United Kingdom, farmers are dumping milk because there are no truckers to collect it. Brazil's robusta coffee beans took 120 days to reap this year, rather than the usual 90. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

GRP Ltd director Mahtani Bhagwandas assisting with CAD probe

SINGAPORE (THE BUSINESS TIMES) - Industrial product supplier GRP announced on Wednesday (June 2) that one of its independent directors, Mr Mahtani Bhagwandas, was recently interviewed by the authorities over an investigation involving certain private companies in which he is, or was, a nominee director. In a regulatory filing, GRP said that Mr Mahtani had attended an interview with the Commercial Affairs Department (CAD) on May 17. He had informed the group that he is "not the subject of the investigation and was assisting in the investigation". He also confirmed that CAD had imposed no restrictions or conditions on him, and that his travel documents had not been retained. He has sought legal advice on the investigation, which is still ongoing. No charges have been made against any person or entity as of now, said GRP. There is therefore no reason to question the suitability of Mr Mahtani to continue as director, said the group. The nominating committee, excluding Mr Mahtani, will reassess its view as and when a basis to do so arises, and when further information is available. Mr Mahtani, a lawyer by profession, is a founding partner in law firm LegalStandard. He was recently in th...