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First Resources Pays $5.6 Million in Indonesia Land Crackdown
Bloomberg
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Published about 2 hours ago

First Resources Pays $5.6 Million in Indonesia Land Crackdown

Bloomberg · Feb 27, 2026 · Collected from RSS

Summary

Palm oil producer First Resources Ltd. paid $5.6 million in connection with land it was required to hand to the Indonesian government, the latest sign of how commodities companies are being affected by a sweeping crackdown that’s brought vast areas under state control.

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February 27, 2026 at 1:27 AM UTCPalm oil producer First Resources Ltd. paid $5.6 million in connection with land it was required to hand to the Indonesian government, the latest sign of how commodities companies are being affected by a sweeping crackdown that’s brought vast areas under state control.The Singapore-based plantation company paid the “administrative charges” in relation to land handed over to the government, it said Friday in its full-year financial resultsBloomberg Terminal. There could be further charges for land that has been identified by Indonesia’s forestry task force but not yet transfered, the report said.

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