Persistent weak demand affects timber companies
KUCHING: The weak international market demand and slowdown in the domestic construction industry have continued to impact the production of Malaysian timber companies. Global Timber Index (GTI)-Malaysia enterprises reported facing the dual challenges of rising raw materials prices and reduced order quantity. In May, GTI-Malaysia index registered 28 per cent, a decrease of 2.5 percentage […]
Palm oil investors eye MPOB export data to gauge market demand
KUALA LUMPUR: Palm oil investors will be keeping a close watch on export data for February to gauge demand from the crop’s biggest buyers, India and China, CGS-CIMB Futures Sdn Bhd said. It said eyes would be focusing on the official data on supplies and exports to be released on Wednesday, by the Malaysian Palm […]
