KUCHING: Seventeen countries, including Malaysia, have objected to the unfair EU Deforestation Regulation (EUDR) in a joint letter they sent recently to European Union (EU) Commission and Parliament officials. The letter described EUDR as an “inherently discriminatory and punitive unilateral benchmarking system that is potentially inconsistent with WTO (World Trade
KUCHING: Japan’s wooden furniture imports in July 2023 fell from the previous month due to the weakening of the yen against the US dollar, the International Tropical Timber Organisation (ITTO) Tropical Timber Market Report said. “Year on year, there was a considerable fall in the value of imports, if set
KUCHING: Sarawak Cable Bhd (Scable) has not been able to fully capitalise on the strong market demand for power cables because of the company’s insufficient working capital. According to its newly appointed group chief executive officer (CEO) Russell Walter Boyd, while the group has seen strong demand from the market
KUCHING: Supreme Consolidated Resources Bhd has proposed to transfer its listing from the LEAP Market to ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). The company’s board of directors has agreed on the proposed transfer of listing after deliberating on the proposal received from several shareholders, including BNDM Incorporated
KUCHING: Supreme Consolidated Resources Bhd has proposed to transfer its listing from the LEAP Market to ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). The company’s board of directors has agreed on the proposed transfer of listing after deliberating on the proposal received from several shareholders, including BNDM Incorporated
KUCHING: Japan’s monthly plywood imports have continued the downtrend, which began in mid-2022. In July 2023, plywood arrivals in Japan were down 42 per cent from a year ago, with all the shippers seeing year-on-year decline in the shipment value. “The volume of shipments from Malaysia and Indonesia (top two
KUCHING: The European Union (EU) has reported a 29 per cent drop in the value of imported tropical wood and wooden furniture products to US$1.73 billion in the first six months of 2023 (6M2023) from 6M2022. In terms of imported volume on these products, it fell by 18 per cent
KUCHING: Press Metal Aluminium Holdings Bhd has issued Islamic Medium Term Notes or Sukuk Wakalah for an aggregate nominal value of RM500 million, with tenures of five and seven years. This was the company’s fourth issuance of Sukuk Wakalah under the Sukuk Programme. Maybank Investment Bank Bhd is the sole
KUCHING: The United States has raised its imports of hardwood plywood by 38 per cent in July 2023 from the previous month, registering an increase for the fifth consecutive month. July 2023’s plywood imports of 354,292 cubic metres (cu m) was 31 per cent higher than July 2022,making it the
KUCHING: Japan’s imports of plywood has continued to slide, falling 38.2 per cent to 142,632 cubic metres (cu m) in June 2023 from a year ago. The demand and supply of South Sea (tropical) plywood in the Japanese market is very tight, according to Japan Lumber Report (JLR) in its
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