• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

PHL offers ‘denuded’ forest land to investors

by June 5, 2025
June 5, 2025

THE PHILIPPINES will open 1.2 million hectares of “denuded” forest land to private investors, the Department of Environment and Natural Resources (DENR) said.

Half of the 1.2 million hectares of land to be offered to the private sector beginning June 26 has been set aside for reforestation ventures, Environment Undersecretary Carlos Primo David told BusinessWorld on the sidelines of a biodiversity forum.

“You need to reforest the half, and then you utilize the other half,” he said.

The government will open another one million hectares of land every year until 2027.

The government’s previous purely conservation-focused approach does not work, Mr. David said, noting that it is impossible for the government to reforest one million hectares a year.

“This is now a scheme wherein we involve the private sector and other groups… to reforest the area,” he said. “And for some, they need some economic activity to sustain that.”

Asked whether private partners will need to obtain free, prior and informed consent, a prerequisite for building on indigenous land, Mr. David said: “Half of the 1.2 million hectares is outside IP (indigenous people) areas.”

The DENR said in March that the national greening program had targeted the planting of 1.5 billion seedlings between 2011 and 2015.

“However, data shows that between 2011 and 2023, 1.8 billion seedlings had been planted,” it said. “Sadly, survivability was at best between 60% to 80%.”

The DENR seeks to grow five million trees from non-invasive species by 2028.

Mr. David said the private firms participating in the new reforestation program are involved in agro-forestry, timber production, and the carbon credits market, he said.

Participants also include businesses involved in eco-tourism and renewable energy, he added.

He said the parcels of land available will be posted on an online portal. — Kyle Aristophere T. Atienza

previous post
Gov’t-funded vessel to bring fish buyers to WPS fisherfolk
next post
WATCH LIVE: President Trump to Meet with German Chancellor Friedrich Merz at the White House – 11:45 AM ET

You may also like

German startup keen on tackling e-waste in developing...

June 5, 2025

Solar, energy-efficiency program for schools, gov’t hospitals to...

June 5, 2025

Food and beverage tops list of leading FMCG...

June 5, 2025

ADB to fund four PHL RE, energy-efficiency projects

June 5, 2025

PEZA sees Chinese interest in locating, expanding in...

June 5, 2025

Gov’t ‘satisfied’ with progress of trade negotiations with...

June 5, 2025

La Union court rejects claim on Poro Point...

June 5, 2025

CAB seeking to expand India air service agreement

June 5, 2025

Gov’t-funded vessel to bring fish buyers to WPS...

June 5, 2025

CMEPA: A new era for investment taxation

June 4, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Tip Line for DOD Employees to Report Woke DEI Overreach

      June 6, 2025
    • Cringe Video of Pregnant Meghan Markle Twerking Fuels Wild Conspiracy Theory

      June 6, 2025
    • Pastor Jack Hibbs Joins Rose Unplugged to Discuss President Trump’s Saudi Arabia Strategy and Bible Prophecy (AUDIO)

      June 6, 2025
    • World Ignoring Burma Junta’s War on Civilian Population

      June 6, 2025
    • Because Feeling Fine Doesn’t Mean You’re Actually Fine: The Silent Threat of Stroke and Heart Disease

      June 6, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick