STIFFER conditions imposed on the local timber industry in terms of lower export quotas, higher taxes and the focus on certifications have been most challenging for players operating in Sarawak.
Analysts say the prospects of the timber industry does not look promising this year as the earnings of most public-listed timber companies will likely be dragged down by unfavourable developments in the local and overseas front.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!