News archive

Tag: Malaysia

MIFF 2020 rescheduled to June 30 - July 3

17-02-2020
Malaysia, timber, furniture, Malaysian International Furniture Fair, trade show, exhibition, MITEC

Malaysian International Furniture Fair (MIFF) 2020 has been rescheduled from March 6-9 to June 30 - July 3 at the Malaysia International Trade and Exhibition Centre (MITEC). According to Informa Markets, the Organiser of MIFF 2020, the decision is taken with regret after careful consideration and close consultations with stakeholders. There are a …

Malaysia prepares to hand out tougher penalties to illegal loggers

10-02-2020
Malaysia, tougher penalties, law, illegal loggers, fines, jail terms

The Malaysian government seeks to strengthen Malaysia’s decades-old forest laws this year to protect the nation’s rainforests from illegal loggers. Stiffer penalties, including fines and jail terms, will be handed out to those charged with illegal logging, Water, Land and Natural Resources Minister Xavier Jayakumar told the Thomson …

MTCC aims to expand scope of certification with 5-year strategy plan

03-02-2020
Malaysia, certification, Malaysian Timber Certification Council, PEFC, FMU, FMPU, Chain of Custody, forest management, strategy

The Malaysian Timber Certification Council has the ambition to expand certification and has developed a 5 year strategy to increase the number of certified FMU to 40 and the number of timber companies certified under CoC to 600, reported ITTO. There are currently 4.37 million hectares of PEFC Certified Forests (as of 31 Dec. 2019) in 16 FMUs and …

Malaysia’s timber exports hit US$4.54 bil in first 10 months of 2019

17-01-2020
Malaysia, exports, timber, timber products, forest products

Exports by the timber industry contributed RM18.46 billion (US$4.54 billion) to the nation’s income for the first 10 months of 2019, says Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin. He said of the amount, the wood-based furniture industry contributed RM7.26 billion in export value or 39.35 per cent, followed by …

Tenfold rise in forest fines proposed in Malaysia

03-01-2020
forest fines, Malaysia, unlawful possession of forest products

A massive RM5mil fine is being proposed for those found to have unlawful possession of forest products. The maximum fine at the moment RM500,000. For trespassing the government plans to increase the fine from RM10,000 to RM30,000, reported ITTO. Water, Land and Natural Resources Minister, Dr. Xavier Jayakumar, said the proposed fines would be …

South Korea launched anti-dumping investigation on Vietnamese plywood

17-12-2019
Anti-dumping, duty, Vietnam, plywood, Korea, Korean Wood Production Association, Malaysia, China

In December, the Korean Trade Commission announced an anti-dumping investigation on plywood imported from Vietnam. This came about as Korea’s domestic manufacturers complained that imports from Vietnam are affecting the domestic industry, reported ITTO. It has been reported that the Korean Wood Production Association is proposing an …

Structural change of Japan's plywood import business

10-12-2019
Japan, plywood, imported, domestic, structural change, Malaysia, Indonesia

Performance of building materials trading firms for the last term is disclosed and imported plywood business is major key factor but gap between suppliers’ export prices and the market prices in Japan is getting wider particularly since 2017 so the importers suffer negative business for almost a year. In the first half of 2018, the market …

Editor’s pickThe inaugural edition of Malaysian Wood Expo 2019 takes off

18-11-2019
Malaysian Wood Expo 2019, MWE 2019, Panels & Furniture Asia, MTC, Woodworking, Wood, Machinery

The inaugural edition of Malaysian Wood Expo will be happening on November 19 to 21 at the PUTRA World Trade Centre, Kuala Lumpur, Malaysia. The trade show is jointly organised by the Malaysian Timber Council and Panels & Furniture Group of wood magazines, two of the powerhouses in Southeast Asia’s timber and woodworking sector. It is …

Malaysian Customs had successful trial of localised Guidelines for verifying timber legality

14-11-2019
Guidelines for verifying timber legality, Malaysia, customs, TRAFFIC, illegal logging, timber trade

A first-of-their-kind guidelines to verifying the legality of timber in trade had been successfully trialled by customs officers in Malaysia. The guidelines are now available for enforcement officers nationwide and worldwide, according to TRAFFIC, an international wildlife conservation NGO. The Guidelines for Verifying Timber Legality, completed …

Malaysia expands tax incentives to attract more overseas companies to set up hubs

09-10-2019
Malaysia, tax incentive, regional business, trade war, U.S., China

Malaysia will be expanding tax incentives for companies shifting to the country to set up regional or global business, reports Reuters. Effective as early as this year, companies eligible for the government’s Principal Hub (PH) incentive will be able to enjoy a 10% tax rate for their operations instead of the wider corporate tax rate of …

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News archive

Tag: Malaysia

Editor’s pickThe inaugural edition of Malaysian Wood Expo 2019 takes off

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