MTC sets up RM28.3mil fund to make timber industry more competitive

Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali

KUALA LUMPUR: The Malaysian Timber Council (MTC) has allocated a development fund of RM28.3 million to boost the competitiveness of the timber industry, said the Plantation Industries and Commodities Ministry (MPIC).

MPIC minister Datuk Dr Mohd Khairuddin Aman Razali said as the third largest commodity subsector after oil palm and rubber, the country's timber industry recorded RM3.78 billion in exports in the first two months of this year, down 3.3 per cent compared with the corresponding period in 2020 due to the effects of the COVID-19 pandemic.