Daily updates on the state of the timber markets, delivered straight to your inbox.

July 25, 2018

Pessimistic forecasts for Malaysian wood products industry

  As the second half of 2018 approaches, analysts have projected that the wood-based manufacturing sector will remain pessimistic as the weaker ringgit currency is insufficient to stop the negative factors such as potential minimum wage increase and high rubber wood prices.  The research arm of Hong Leong Investment Bank Bhd (HLIB Research) revealed that the new government has pledged to increase Malaysia’s minimum wage from US$247.50(RM1,000) per month to US$371.20 (RM1,500) per month.  While it remains to be seen if the minimum wage hike would ...

Register for unlimited access

We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.

By registering you gain access to:

  • Thousands of quality articles
  • In-depth analyses of market trends
  • Exclusive market price insights
  • And much more!

Checkout Options
All this for only 290 EURO/year!
Create Profile
password strength indicator
Billing Method
Billing Address
Checkout Now

Newsletter

Daily updates on the state of the timber markets, delivered straight to your inbox.