Life changing scholarships and education support from Mekong Timber Plantations

About

Mekong Timber Plantations (MTP), a New Forests portfolio company is Laos, is committed to enhancing the livelihoods of local communities. One means of doing this is by facilitating access to tertiary education.

Mtp scholarship program2

Key Initiative

In July 2022, MTP launched its Major Guidance Program. MTP representatives visited local high schools to answer questions about tertiary-education opportunities and courses of study in Laos, and provide information about different majors, including descriptions, career opportunities, high-school preparation and application requirements for programs. MTP visited 12 schools and reached an estimated 1,800 students.

MTP also extended scholarships to four students from villages adjacent to MTP operations. These students showed particular promise in their respective fields of study, specifically environmental management, land management, forestry and social development.

Impact

The scholarships are transformational, with the capacity to make great changes in the lives of the recipients. Scholarships also provide student-support services, which contribute to students’ academically and personally; they include consultation on academic-skills development and support for students who may have difficulties learning or adapting to university life, therefore helping scholarship-holders to grow personally and professionally.

MTP is strongly committed to the mission of community development, and scholarships are one piece in a jigsaw that can build a solid foundation for the long-term success of project communities.

Delivering on Sustainable Development Goals

New Forests Advisory Pty Limited (ACN 114 545 274) is registered with the Australian Securities and Investments Commission and is the holder of AFSL No 301556 which authorises it and its authorised representatives New Forests Asset Management Pty Limited (ACN 114 545 283), (AFS Representative Number 376306), and New Agriculture Pty Limited (ACN 658 097 020) (AFS Representative Number 001298119) to provide general advice to wholesale clients into investments managed by New Forests. New Forests Inc is registered as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Registration with the SEC does not imply any specific or certain level of skill or training. New Forests Asia (Singapore) Pte Ltd holds a Capital Markets Services Licence (CMS 100950) as an Accredited/Institutional Licenced Fund Management Company (A/I LFMC), issued by the Monetary Authority of Singapore.

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