23 January, 2022, 9:16 am Central - 28°C Rain

Four new members of the TLTB Board of Trustees
Board approves increase in Premium, Rent and Stumpage Rates for all Forestry leases

Four new members of the TLTB Board of Trustees

Board approves increase in Premium, Rent and Stumpage Rates for all Forestry leases

By Navitalai Naivalurua
Sunday 28/11/2021
[Image: Fijian Government]

Four new members of the TLTB Board of Trustees have been announced by Prime Minister and Chairman Voreqe Bainimarama.

The four new members are Ratu Aca Rayawa, Ratu Nemia Dawai, Ratu Inoke Momoedonu and Adi Ana Ratuilagi.

During their meeting, the board approved to increase premium, rent and stumpage Rates for all Forestry leases.

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Consultations had been conducted with the Fiji Hardwood Corporation Limited and Fiji Pine Limited and they have agreed to these new rates that will come into effect from 1st January 2022.

This will ensure that landowners are appropriately compensated for the use of their land in growing the Forestry Sector and the rates will be subject to review every four years.


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