KUCHING: Leading Sarawak timber companies, which have benefitted from rising prices of tropical logs after Myanmar banned logs exports, are poised to gain more following the state government’s freeze on the issuance of new timber concession licences and clamp down on rampant illegal logging and smuggling activities.
Last week, Chief Minister Tan Sri Adenan Satem announced that the state government would not issue any more timber concession licences until the widespread illegal logging activities were addressed.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
