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...