News archive

More transparency in Ghana’s timber sector with public information portal

07-05-2018

A public portal of forest governance information has been launched in Ghana, aimed at improving transparency in the country’s forest sector and ensuring the credibility and integrity of the Ghana Wood Tracking System (GWTS). The Ghana Timber Transparency Portal is part of broader governance reforms in the forest sector taken under the …

Asia launches regional forestry cooperation network

07-05-2018

A new network for Asia’s forestry sector has been launched, an intergovernmental organisation that will collectively address the impact of climate change. The Asian Forest Cooperation Organization comprises the member nations: Korea, Bhutan, Brunei, Cambodia, Indonesia, Kazakhstan, Laos, Mongolia, Myanmar, Philippines, Singapore, Thailand, …

Discussions continue on India’s forest policy revision

06-05-2018

Discussions on India’s national forest policy continues as draft revisions propose “ecologically responsible behavior” and greater use of wood products. These proposals would help create employment opportunities by boosting indigenous manufacturing using domestic resources. The draft policy is open for public consultation until …

Editor’s pick41st CIFF Guangzhou concludes with satisfaction up on all sides

05-05-2018
CIFF, Guangzhou

CIFF Guangzhou was held in Pazhou CIFF Guangzhou this year welcomed over 4,100 exhibitors, including influential Chinese brands and major international furniture companies, and attracted 195,082 visitors. An important fair for the woodworking industry, it lasted for eight days from 18 to 21 March and 28 to 31 March. The show featured …

Editor’s pickKawasaki bridge shows how Japanese wood construction methods are a classic, even till today

04-05-2018

Traditional Japanese wood construction still works - components are quick and easy to fit together while not compromising the structural integrity of the structure. This bridge in Kawasaki is one example. Some time ago last year, architects Vuild installed a temporary bridge in a public space in Kawasaki prefecture, Japan. Spanning 16 metres …

2019 could mark a turning point on Japan’s road to recovery

04-05-2018

2019 could see Japan’s economy slowing down after a period of stable growth buoyed in part by the Bank of Japan’s weak Yen policy and more recently, by improvements in the global economy, according to a forecast by the International Monetary Fund. Public support for the government has waned in the past months over a series of …

Biggest timber market in China’s north closes

04-05-2018

Beijing has begun demolishing illegal buildings in the city and this has affected some timber markets, such as Beijing Dongba Precious Timber Market. Beijing Dongfang Shengze Commerce Group, which manages the place, was asked to halt operations. The market was located in Chaoyang district and known to be the largest timber wholesale market in …

Weyerhaeuser earnings up by 71.3% in Q1/2018 to $269 million

03-05-2018

Weyerhaeuser Company reported Q1/2018 net earnings of USUS$269 million (+71.3% YoY) on net sales of USUS$1.87 billion (+10.2%). Adjusted EBITDA for the first quarter was US$544 million compared with US$454 million for the first quarter of last year and US$551 million for the fourth quarter of 2017. "I am extremely pleased with our first quarter …

Strong USD brings some relief to Japanese exporters

03-05-2018

The US Dollar strengthened for five consecutive days towards the end of the month, driving down the yen to 109 to the Dollar. Japan’s March trade balance continued in surplus but there was a dip in exports to the US and the EU. The weak forecast seemed to be related to increased uncertainty following fears of a trade war between the US and …