News archive

Tag: Timber

Forest industry posts trade surplus of more than USD 4 billion in H1

26-06-2019
Vietnam, timber

The forest industry gained a trade surplus of more than US$4 billion (SGD 5.4 billion) in the first six months of this year, according to the Vietnam Administration of Forestry under the Ministry of Agriculture and Rural Development. The export value of forest products in the period reached nearly $5.3 billion (SGD 7.2 billion), up nearly 20 per …

Timber construction to upskill workers

20-06-2019
Australia, timber

The Australian construction industry needs to focus more on industry skilling and the enabling of modern construction enterprise capability, a leading construction industry expert has warned. Adjunct Professor at the Centre for Smart Modern Construction at Western Sydney University David Chandler told the 2019 Timber Offsite Construction …

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 …

Global lumber and timber markets

12-06-2019
Global timber market, global lumber market, prices

Global Lumber Markets • In 2018, global trade of softwood lumber reached the second highest level ever recorded. • The free fall of lumber prices in the US came to a halt in early 2019, and prices might have hit a low for this cycle in January. • Softwood lumber exports from Canada were down 6% year-over year in 2018, with the …

Gabon leader sacks vice president, forestry minister

24-05-2019
Africa, timber, forestry

Gabon’s president Ali Bongo Ondimba has announced the dismissal of his vice president and the minister of forestry, in a move that comes amid a scandal over the smuggling of timber. The president did not give a reason for the sackings of Vice President Pierre Claver Maganga Moussavou and Forestry and Environment Minister Guy Bertrand …