Forestry firms given leeway<\/p>\n
JAKARTA (JP): Timber companies will only have to pay 30
\npercent of their outstanding reforestation funds debts to get
\ntheir annual working plan approved, Minister of Forestry and
\nPlantations Sumahadi said last week.<\/p>\n
Companies could pay the remainder of their debts in
\ninstallments and without bank guarantees, he added.<\/p>\n
\"This is to help them in a time of weakening international
\ndemand and prices,\" Sumahadi said in a meeting with executives of
\nforest concessionaire holders and plantation companies Thursday.<\/p>\n
The reforestation fund, a fee collected to develop forests and
\nrehabilitate land, should be paid by forestry firms before March
\n31.<\/p>\n
Previously, the Ministry of Forestry and Plantations would not
\napprove forest companies' annual working plans until they honored
\nall their obligations, including reforestation funds.<\/p>\n
Sumahadi said timber companies with reforestation fund debts
\nof less than Rp 200 million (US$25,000) could pay the outstanding
\namount over three months from April 1.<\/p>\n
Forestry firms with reforestation fund debts of between Rp 200
\nmillion and Rp 500 million could settle their debts in six
\nmonths, and those with unpaid funds of over Rp 500 million would
\nbe given a year. (gis)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/forestry-firms-given-leeway-1447893297",
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