Timber exports expected to hit RM23 billion

In Sarawak, Malaysia, exports of timber and timber products are anticipated to hit RM23 billion (US$5.5 billion) this year, an increase from the RM 21.86 billion (US$5.23 billion) seen the year before in 2016, according to Datuk Datu Nasrun Datu Mansur, Deputy Minister of Plantation Industries and Commodities. He also added that the Malaysian government recognised and acknowledged the timber sector’s importance in the local economy, and was putting in various efforts to ensure it success, much like developing talents in the area of wood furniture design.

“The Malaysian Timber Council (MTC) will also continue to provide financial incentives to strengthen local players’ foray into the global market,” the Deputy Minister of Plantation Industries and Commodities said.

According to the Borneo Post, from January to August 2017, exports of timber and timber products increased by seven per cent as compared to the same period in 2016.

On top of exports, the Malaysian government is also encouraging the use of timber in building construction as it saves time as well as labour.

“The use of Industrialised Building System (IBS) components with a minimum score of 70 per cent in government projects has been made mandatory and we are also evaluating the proposal to make the IBS compulsory for the national construction industry,” Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong, said.

 

Source: The Borneo Post