News archive

December 2016

Japanese yen falls for the fifth consecutive week

28-12-2016

The Japanese yen fell mid-December, which marked the fifth-consecutive weekly drop against the US Dollar. As of 10 December, the yen was at its weakest in almost two years. The mid-month US Federal Reserve meeting has determine the direction of the yen and a further decline seems inevitable. Interest rates in the US are on the way up. At the last …

Poor outlook for Saudi Arabia's construction sector in 2017

27-12-2016

In 2017, the outlook for growth in the Saudi Arabian construction sector is predicted to remain poor. The government's realignment of the project pipeline and effort to improve efficiency in project delivery through the introduction project management offices slows project progress, said a report by Report Buyer. According to the …

Japan's capital investments rebound in October

27-12-2016

Japan’s Cabinet Office has released details of the value of manufacturing machinery orders received by companies operating in Japan. In October, the figure is up 3.3% from September on a seasonally adjusted basis. Private-sector machinery orders, excluding those for ships and power generation, increased a seasonally adjusted by 4% in …

Editor’s pickNew era for Wood Flooring Asia and Panels & Furniture MENA

26-12-2016

The Panels & Furniture Group has been delivering timely, thought-provoking insight to the timber and woodworking industry since its inception in 1999. In response to our readers’ feedback, Panels & Furniture MENA and Wood Flooring Asia will be rebranded to Wood in Architecture MENA and Wood in Architecture Asia with effect from …

IDCS announces new council committee at IDCS 13th Annual General Meeting

23-12-2016

Interior Design Confederation of Singapore (IDCS) announces the re-election of Mr George Budiman of Cynosure Design Pte Ltd. as its president for the fourth consecutive year. The announcement, held simultaneously with IDCS’ 13th annual general meeting, also includes the other duly elected members of IDCS’ Council Committee. “It …

Chilean Arauco announces 2017 shipment plans of green lumber for Japan

23-12-2016

The largest Chilean radiate pine lumber supplier, Arauco, has announced its 2017 plan of bulk ships for green lumber for Japan. Currently, the company plans eight ships for 2017, the same as 2016 with the volume of 144,000 cubic metres. Two additional ships are in reserves in the event that demand increases. Actual arrivals of the total Chilean …

Dieffenbacher hits a new milestone with its new press CPS

23-12-2016

17 months after Dieffenbacher unveiled the new continuous CPS+ press at LIGNA 2015, the first plant with CPS+ press has been successfully put into operation. After a seven-month assembly period, the first board was produced on October 1, 2016 at Kronospan's new particleboard plant in Bjelovar, Croatia. Kronospan is an international company that …

Editor’s pickGlobal outlook of world trade furniture for 2017

23-12-2016

In the past decade, the world trade of furniture has grown faster than furniture production to amount about 1 percent of world trade of manufactures. The current US$94 billion in 2009 and grew to US$ 135 billion in 2014 before contracting in 2015 with no change in 2016. Forecasts are subject to major uncertainties because of possible effects of …

Myanmar has vast potential for firms seeking to expand

22-12-2016

After decades of lying dormant, Myanmar is quickly awakening to global business. The pace of change from an isolated, closed off economy to one that is open for business on a global scale has been staggering. As one of Asia's least developed countries, Myanmar is experiencing a transformation unlike any other today and provides a rare opportunity …

Tough outlook in 2017 for Malaysia timber industry

22-12-2016

In the coming 2017, analysts are expecting Malaysia to weather anticipated tough times due to ongoing implementation of infrastructure projects, possible early elections, and pre-election spending. The most concerning issue is the strengthening of the US dollar against most currencies, with the ringgit of particular concern. According to RHB …