News archive

Tag: Malaysia

MTC to open new regional offices in Houston and Rotterdam this year

19-06-2019
Malaysian Timber Council, new regional offices, Houston, Rotterdam, timber, timber-related products

MTC will set up new regional offices in Houston, Texas, and Rotterdam to seek new buyers in the United States and Europe as well as source for raw materials, said MTC chief executive officer Richard Yu. He revealed that they aimed to open the Rotterdam office this month and the Houston office in the second half of this year. “The …

Malaysian timber exports to reach RM25 billion next year

18-06-2019
Malaysia, timber, forestry

Despite worries surrounding the US-China trade war and Brexit, the Malaysian Timber Council (MTC) is confident that Malaysia can export RM25 billion of timber and timber-based products by next year. MTC chief executive officer Richard Yu denied the timber industry a sunset industry. At present, he said Malaysia’s timber and timber-based …

Foresters knowledgeable in HCVs to be in demand

22-05-2019
Malaysia, High Conservation Values, forestry

Knowledgeable foresters on High Conservation Values (HCVs) identification, management and monitoring practices will be in high demand as Sarawak moves towards having all of its Forest Management Units (FMUs) certified by 2022. As such, Forest Department Sarawak (FDS), Sarawak Forestry Corporation (SFC), Sarawak Timber Association (STA) and …

Production costs rising in Sarawak

17-05-2019
Malaysia, timber, tax

Beginning this year timber companies in Sarawak had started paying a higher Rehabilitation and Development tax. The tax was increased from RM0.60 (SGD 0.20) to RM5 (SGD 1.64) per cubic metre in January this year. In addition to the revised tax, companies were required to pay a higher premium for hill species. Hamden Mohammad, State Forest …

Accsys to evaluate a Tricoya plant in Malaysia

14-05-2019
Accsys, Malaysia, new plant

Accsys, the fast growing and sustainable chemical technology group, recently confirmed that it was exploring opportunities for new manufacturing plants outside Europe. Its subsidiary, Tricoya Technologies Limited (“TTL”), has now entered into an agreement with PETRONAS Chemicals Group Berhad (“PCG”) to evaluate the …

Malaysia’s timber trade with China continues to rise – but steady decline in log exports

06-05-2019
Malaysia, timber, China, export

Demand for raw material from China’s timber processing industries continues to rise and Malaysia’s exports of timber to China are providing much of China’s timber raw material needs. In 2014 Malaysia’s exports of wood products to China were valued at RM872.6 million and this jumped to RM1.1 billion in 2018 with sawnwood …

Perak MB: Companies interested in forest farm projects must hold RM200,000 in capital

24-04-2019
Malaysia, forestry, timber

Perak’s state Forestry Department is in the process of refining its standard operating procedure and guidelines to ensure forest farm development projects in the state are only given to companies that are qualified and capable in terms of expertise and financial stability. Mentri Besar Datuk Seri Ahmad Faizal Azumu said the state will …

Sabah Chief Conservator defends log export ban

04-04-2019
Malaysia, logging, harvesting, timber

Chief Conservator of Forests, Mashor Mohd Jaini, said the State Government’s log export ban should spur the development of the wood-based industry in the State. He said the aim of the State government was to see the production of a wide range of high value wood products to support economic development and the creation employment …

Malaysian state chief: Highway construction must not destroy forest

29-03-2019
Malaysia, forestry

The chief minister of the Malaysian state of Sabah has called on construction crews working on the multi-billion-dollar Pan Borneo Highway project to avoid breaking up the region’s forests and other sensitive environments where possible. “I hope they take it seriously,” Chief Minister Seri Mohd Shafie Apdal said March 21 at the …

EU singles out palm oil for removal from transport fuel

15-03-2019
Europe, Malaysia, Indonesia

The European Commission has concluded that palm oil cultivation results in excessive deforestation and its use in transport fuel should be phased out, setting the bloc on a collision course with major palm oil producers Malaysia and Indonesia. The Commission published its criteria on Wednesday for determining what crops cause environmental harm, …

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News archive

Tag: Malaysia

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