Environment ministry may resume teak production in ’18

The Ministry of Resources and Environmental Conservation hopes to resume teak production from an agricultural estate planted by the Forestry Department this year. A workshop to assess the situation of teak plantations that are 30 years or older was held in Nay Pyi Taw on Sunday. “We first tested teak production in 2012-13. We didn’t […]

Financial services among the fastest growing sectors in Myanmar

The financial sector rose the most among 15 sectors managed by the government in the first six months of the 2017-18 fiscal year, growing 22 percent as a result of the implementation of new financial services, U Set Aung, deputy minister of the Ministry of Planning and Finance, at Pyidaungsu Hluttaw meeting on Thursday. “If […]

Myanmar pursues EU-led forest protection agreement

The Myanmar government has recently taken another step to join a EU-led agreement to combat illegal logging and forest management. The measure will help ease timber exports to the European market. According to Myanmar Times, various stakeholders, from all states and regions, have established an executive committee that will negotiate to be part of the […]

Govt rejects China’s request for timber-based industrial zone in Myanmar

The Myanmar government has rejected China’s requests to purchase timber in log form under a tender system and to build a timber-based industrial zone in Myanmar, said Khin Maung Yi, the permanent secretary of the Ministry of Environmental Conservation and Forestry. Rumours have circulated recently about Myanmar signing an MoU with China to facilitate the […]

Government Limits Timber, Privatises Some Production

The government has limited timber production to 1.16 million tonnes per year, state-run Myanmar Timber Enterprise (MTE) announced. According to MTE statistics, fiscal year 2013-14 saw 925,050 tonnes of timber produced, and this fiscal year’s production saw 730,000 tonnes extracted in the first nine months. Beginning this fiscal year, the government forbade the export of […]