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Indonesia-based PT Rafi Kamajaya Abadi (RKA), which is 93.75 percent owned by Malaysian oil palm company TDM Bhd, lost an appeal against the Indonesian Environment and Forestry Ministry over a 2019 fire on its land in West Kalimantan.
Amid a move by TDM to divest its interest, the Pontianak High Court ordered RKA to pay compensation of 188.98 billion rupiah (RM53.5 million) to Indonesia’s National Account for environmental loss…
