Lee: Thankfully, the domestic market is experiencing healthy demand for furniture products.
HIGHER shipping costs, delays in product delivery and lower demand due to global Covid-19 lockdowns have impacted earnings of export-oriented manufacturers.
In the case of Lee Swee Kiat Group Bhd
(LSK), which operates in the mattresses and bedsprings sector, orders from abroad had fallen to less than 40% of group revenue.
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!
