Strong dollar boosts earnings in furniture sector

Source:
Fordaq/ITTO
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Malaysian furniture exporters have seen revenues and profit rise over the past few months despite the ongoing labour shortage due to restrictions on the hiring of foreign workers. The strengthening of the US dollar has also given a boost to exporters.

Over the eleven months to November 2016, Sarawak produced 6,795,434 cu.m logs. Around 2.5% came from swamp forests with the balance from hill forests. In the same period in 2015, 7,575,387 cu.m of logs were produced.

Production of hill logs in between January and November last year was highest in Sibu (2,848,780 cu.m) with Bintulu producing 1,828,637 cu.m and Miri 1,791,705 cu.m. Meranti was the predominant hill species produced (2,309,561 cu.m), Kapur was second (221,742 cu.m) and third was Keruing (170,810 cu.m).

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