Isn’t loss of rainforest in Indonesia now due to large agrobusinesses cutting it down to build enormous plantations of palm oil trees? Deforestation in Madagasc

Isn’t loss of rainforest in Indonesia now due to large agrobusinesses cutting it down to build enormous plantations of palm oil trees? Deforestation in Madagascar is largely driven by dirt-poor subsistence farmers cutting down neighboring patches of rainforest in order to plant rice (and also Chinese firms logging precious woods for the furniture industry), but I thought Southeast Asia was a different case.