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China property development show positive results in first half of 2016


Investment in China's real estate development was up by 5.3% year-on-year in the first seven months of 2016, a slight decline on performance during the first six months, according to China's National Bureau of Statistics. Investment in residential building grew 4.5% while sales of commercial buildings went up by almost …

Lack of confidence in Japanese government spending to boost economy growth


In July, Japan’s consumer confidence index fell to 41.3 after a five month high in June. The consensus amongst analysts was that the figure would rise in July. Among the various indicators used to compile the overall index, willingness to buy durable goods (of significance to the furniture sector) worsened and the employment prospect index …

Real estate developer Nakheel poised for growth in MENA


Dubai real estate developer, Nakheel, has signed a contract worth AED188 million for the construction of 133 homes at Nad Al Sheba, a new high end residential community featuring 1,572 villas and a 1.2 million square foot mall.  Nakheel has tasked Dubai-based Square General Contracting Co. LLC to build the villas in the fourth and final …

Cityscape conference stresses the importance of traditional techniques in design


At this year's Cityscape Conference, revival of ancient knowledge and the use of classic traditional methods in order to ensure a sustainable future were stressed to architects and designers. Speaking at the Cityscape Conference in Dubai, Jane Duncan, president of the Royal Institute of British Architects, stressed the importance that can be …

Myanmar's timber exports to China plummet

Myanmar, timber, China, hardwood

In the first half of 2016, China’s log imports from Myanmar were 9,700 cubic metre valued at US$13.96 million, plummeting 97% in volume and 87% in value. Myanmar ranked 42nd among the various sources for China’s hardwood log imports. China’s sawnwood imports from Myanmar were 6600 cubic metre valued at US$3.09 million, …

Oman's construction sector promising growth


With large international investments in Duqm, Oman's contruction sector looks encouraging in the following years.  The fundraising gaps resulted from low oil prices and the subsequent cuts in government spending on infrastructure projects have been covered by global investors, majority from China. Analysts predicted that the Sino-Oman …

HotStats: Strong RevPAR Growth Wiped Out by High Costs at Amman Hotels


This month's high costs have completely wiped out the 11.7% RevPAR increase at hotels in Amman, resulting in a 4.3% decline in profit per room, according to the latest data from HotStats. The year-on-year RevPAR (Revenue per Available Room) growth for July was primarily due to a 5.3 percentage point increase in occupancy. However, the data …

Myanmar's deliberation over harvesting ban

harvest ban, Myanmar

Former Director Genaral of the Forestry Department, Dr. Kyaw Tint, explained his latest research on how the Myanmar Selection System (MSS) could be modified in light of the decision to restrict harvesting during a workshop. Dr Kyaw’s conclusion was that a total harvesting ban could create as many problems for the forestry sector as it is …

Büttner shows how its integrated concept works in an OSB plant


A 3D rendering of the Büttner plant for Inverness Canada-based Norbord, an international producer of wood-based panels, will be relocating their press from its factory in Alberta, Canada, to Inverness, Scotland, along with an order of an OSB dryer with energy plant. The single-path drum dryer from Siempelkamp subsidiary, …

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