Weak ringgit expected to boost furniture industry

Himmat strikes the gong at the launch of MIFF 2015 exhibition. With him are (from left) Tan, UBM Asia president/CEO Jime Essink and UBM Asean managing director M. Gandhi.

KUALA LUMPUR: The local furniture industry will receive a boost from a weaker ringgit, with exports to gain by more than 10%, according to Malaysian International Furniture Fair (MIFF) chairman Datuk Tan Chin Huat.

Tan, who spoke to reporters on the sidelines of the launch of the furniture fair, expects the ringgit to weaken further in the next three to six months.