Myanmar to expand private investment in forest plantations

Myanmar is inviting foreign and domestic companies to invest in forest plantations on more than 100,000 hectares of government land, state media reported on October 11.

The Forestry and Conservation Ministry is planning to privatize state-run forest estates throughout the country, the New Light of Myanmar reported.

The country’s forest cover shrank to 47 per cent of total land area in 2010, from 58 per cent in 1990, ministry data showed.

Myanmar has some of Asia’s largest remaining expanses of forests, from the slopes of Himalayan foothills in the north to steamy rainforest in the south, but it has been disappearing fast.

President Thein Sein’s government bans the export of raw timber starting with this fiscal year to maintain the forest area.

But a report by US-based research center Forest Trends said the rapid expansion of private plantations was a main cause of deforestation in Myanmar.

The study said the government had given firms a total of 2.1 million hectares in plantation concessions, up from 0.9 million hectares in 2011.

 



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Myanmar is inviting foreign and domestic companies to invest in forest plantations on more than 100,000 hectares of government land, state media reported on October 11. The Forestry and Conservation Ministry is planning to privatize state-run forest estates throughout the country, the New Light of Myanmar reported. The country’s forest cover shrank to 47 per cent of total land area in 2010, from 58 per cent in 1990, ministry data showed. Myanmar has some of Asia’s largest remaining expanses of forests, from the slopes of Himalayan foothills in the north to steamy rainforest in the south, but it has been...

Myanmar is inviting foreign and domestic companies to invest in forest plantations on more than 100,000 hectares of government land, state media reported on October 11.

The Forestry and Conservation Ministry is planning to privatize state-run forest estates throughout the country, the New Light of Myanmar reported.

The country’s forest cover shrank to 47 per cent of total land area in 2010, from 58 per cent in 1990, ministry data showed.

Myanmar has some of Asia’s largest remaining expanses of forests, from the slopes of Himalayan foothills in the north to steamy rainforest in the south, but it has been disappearing fast.

President Thein Sein’s government bans the export of raw timber starting with this fiscal year to maintain the forest area.

But a report by US-based research center Forest Trends said the rapid expansion of private plantations was a main cause of deforestation in Myanmar.

The study said the government had given firms a total of 2.1 million hectares in plantation concessions, up from 0.9 million hectares in 2011.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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