Myanmar bans lucrative logging in bid to preserve forests

Myanmar has banned lucrative logging operations as the newly-elected government of democracy leader Aung San Suu Kyi steps up a battle on deforestation, an environment official said on Thursday. Myanmar’s rich forests are among its most valuable natural resources, but they have been plundered by logging that helped fund the former military regime that ran […]

Doubts over log export ban

Experts say an export ban on raw timber that came into effect on April 1 could have a limited impact because of a lack of clarity from the government on how the ban would work in practice, as well as the effects of the conflict in Kachin State. This confusion could allow unscrupulous merchants to […]

FDI in Timber Processing Tops $51Mln, India Biggest Investor

YANGON — Foreign investment in Myanmar’s timber industry reached US $51 million last year and India was the biggest investor with six investment projects representing about half of all investments, government figures show. According to statistics from the Directorate of Investment and Company Administration, which is under the Ministry of National Planning and Economic Development, […]