84 0 0 4 min to read

Protecting and promoting PH forest cover is important, according to PBBM.

On Saturday, President Ferdinand R. Marcos Jr. stressed the value of maintaining the nation’s forest cover to promote economic development.

The nation’s forest cover is a “highly precious asset for the Philippines,” according to Marcos, who made this claim at a press conference in Fort del Pilar, Baguio City.

“Now, forest cover is actually a monetizable asset. You might value it in dollars, pesos, “added he.
“We can benefit from taking a more active role in encouraging, regulating, and monitoring the maintenance of our forest cover and of all of our natural assets. It’s quite crucial.”

15 million hectares of land that are designated as forests are under the control of the Department of Environment and Natural Resources.

According to the most recent 2020 data gathered by the National Mapping and Resource Information Administration, the country’s forest cover expanded from 6.8 million hectares in 2011 to 7.2 million hectares, a 5.6 percent increase (NAMRIA).

For the forestry industry, which has great potential to expand and contribute to the expansion of the Philippine economy, the DENR has already established strategic plans and initiatives.

A real-time, single-point access forestry investment site that offers information and services on forestry investment and areas that are ripe for development and utilization is another strategy the department is using to create a favorable investment climate.

Links to partner financial institutions’ financial and credit resources, such as the Development Bank of the Philippines, which aids the DENR’s agro-forestry plantation program, will be available on the platform.

For a limited number of tree species in established forest plantations, it will also provide access to insurance plans from the Philippine Crop Insurance Corp.

accountable mining

As he acknowledged the crucial part the mining industry plays in his administration’s economic strategy, Marcos added that the government will also keep pushing ethical mining in order to prevent a repetition of past accidents.

“So, it really just comes down to upholding the law in terms of responsible mining, and we’ll keep doing that. We will always ensure that the mining companies that enter the area leave the site in the same state that they found it when they began mining “said he.

QR Code

Save/Share this story with QR CODE


Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

๐Ÿ“ฉ Need to get in touch?

Feel free to Email Us for comments, suggestions, reviews, or anything else.


We appreciate your reading. ๐Ÿ˜ŠSimple Ways To Say Thanks & Support Us:
1.) โค๏ธGIVE A TIP. Send a small donation thru Paypal๐Ÿ˜Šโค๏ธ
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) ๐Ÿ›’ BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) ๐Ÿ‘ Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).


AFFILIATE PARTNERS
LiveGood
World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.


0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x