Lim­ited in­vest­ment

Australian Forests and Timber - - IN THE NEWS -

The first phase of Thi­lawah Spe­cial Eco­nomic Zone which started in 2014 has at­tracted around $US760 mil­lion in in­vest­ment. In the first phase, 73 en­ter­prises from 16 coun­tries were in­volved with com­pa­nies in China in­vest­ing most fol­lowed by Sin­ga­pore, Thai­land, Hong Kong, United King­dom, Korea, Malaysia, Nether­lands and Viet­nam. Re­cently the Myan­mar In­vest­ment Com­mis­sion an­nounced that the man­age­ment of nat­u­ral forests was one busi­ness ex­cluded from for­eign in­vestors. There are grow­ing calls from do­mes­tic in­dus­try for some pro­tec­tion of lo­cal sawmills. The ar­gu­ment is that for­eign in­vestors should fo­cus on added value prod­ucts and should be ex­cluded from pri­mary in­dus­tries such as sawmilling.

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