Malaysian banks third-biggest financier of firms linked to Indonesia fires, says report

The Malaysian flag waves as the sun sets on another hazy evening on September 21, 2019. The region is seasonally enveloped in choking smoke from forest fires that are deliberately started by plantation owners in Indonesia. – The Malaysian Insight pic by Hasnoor Hussain, December 11, 2019.

MALAYSIAN financial institutions are the third-largest financier of companies linked to Indonesia’s forest fires that seasonally leave the region shrouded in smoke, having provided loans amounting to US$2.3billion (RM9.6 billion) between 2015 and August this year, said a report.

The report, A Review of Sustainable Finance Reforms in Indonesia was co-authored by Rainforest Action Network (RAN), Tuk-Indonesia, Jikalahari, Walhi, and Netherlands-based Profundo.

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  • Now that we know that Malaysian institutions were complicit in the fires which impacted millions of Malaysians-that is a step forward from BN. At least we know the truth. The truth is what has been said internationally about Malaysia but international sources is now undeniable.
    The next stage is what is PH government going to do about it? I think the Banks should be charged,
    and the directing mind of these banks be held liable-compensation should be paid for clean up-and clean air policies should be instituted.

    If you dont do these things immediately, this will carry on-our children's health will be affected and our medical resources will be at risk.

    Posted 6 months ago by Rowdy Satay