KUCHING: Malaysia’s furniture exports are expected to take a heavy hit following the 25 per cent trade tariff imposed by the United States, the country’s largest export market. In 2024, Malaysia exported RM9.89 billion worth of furniture, accounting for 43 per cent of all wood product exports. Of this, RM5.71
KUCHING: Zecon Bhd is teaming up with two foreign companies for potential development of an integrated energy complex (IEC) in the Kota Petra Green Technology Park (KPGTP) here. Zecon has entered into a memorandum of understanding (MoU) with Edra Power Holdings Sdn Bhd (EPH) and Neutrinos Engineering Pte Ltd (NEPI)
KUCHING: Japan’s tropical plywood importers have observed price increases for 12mm thick plywood from production sources in Malaysia. At the point of origin, 12mm 3×6 coated formwork plywood is priced at US$600-610, cost and freight (C&F) per cubic metre (cu m); standard formwork plywood is US$500-510, C&F per cu m;
KUCHING: Malaysia has been a key supplier to the expanding Japanese furniture market worth about US$23 million in 2024, and this is projected to grow and reach US$26.32 million by 2032. “The Japanese furniture market is a mature and sophisticated sector influenced by the country’s unique cultural heritage, urban living
KUCHING: WTK Holdings Bhd’s share price has continued its uptrend, closing at 63.5 sen last Friday, gaining 5.5 sen or nearly 10 per cent for the week. The stock has climbed more than 65 per cent or 25.5 sen from its recent low of 38 sen in mid-July, hitting a
KUCHING: European Union 27 member nations (EU27) have raised the imports of tropical wood and wooden furniture by nine per cent to 770,800 tonnes in first half of 2025 (1H2025) from a year ago. In terms of value, this also rose by nine per cent to US$1.66 billion during the
KUCHING: Bintulu Port Holdings Bhd (BPHB) has obtained leave from the Kuala Lumpur High Court to proceed with its judicial review application on the notices of assessment from Inland Revenue Board (IRB). BPHB was slapped with notices of assessment for 2020 (about RM6.75 million), 2021 (RM10.99 million), 2022 (RM12.67 million)
KUCHING: Reservoir Link Sdn Bhd (RLSB) is to acquire the remaining 70 per cent stake in Propel Maxflo Sdn Bhd (Maxflo) for RM17.24 million. The proposed acquisition will be satisfied via a combination of cash (RM13.79 million) and the balance of RM3.45 million via the issuance of about 18.69 million
KUCHING: The European Commission’s (EC’s) decision to extend for another 12 months the implementation of the European Union Deforestation Regulation (EUDR) to December 2026 is to allow time to remedy the identified risks. In letters sent to the European Union (EU) Parliament and Council on September 23, the Commissioner for
KUCHING: A habitat restoration project within Sabah’s Mount Wullersdorf-Ulu Kalumpang Forest Reserves has won recognition for WWF-Malaysia, as it was awarded the Ecosystem Restoration Field Verification Certificate. This globally recognised standard, which was developed by Preferred by Nature, evaluates on-the-ground restoration efforts, ensuring compliance with best practices in sustainability and
