Government will not open forests to logging companies: MTE

Myanmar Timber Enterprise will carry out logging by itself and will not allow private companies to fell and take trees from Myanmar forests, Union Minister U Ohn Win told the Pyithu Hluttaw yesterday. Works are underway to halt the extraction of teak and other hardwood and reduce the annual allowable cut (AAC), said the Union […]

US sanctions force jade into a corner, say traders

Jade traders say US sanctions have forced them to rely on Chinese investors and buyers, who dodge taxes and operate with little to no transparency. If Washington were to remove sanctions, they say, it would speed up reform in the troubled sector. Since the US banned imports of gems and jade in 2003, China has […]