Despite global economic uncertainty, domestic consumption is still expected to drive the economy. For the past 20 years, Malaysia’s wood-based industry has become one of the major revenue contributors to the country’s economic growth. malaysia market outlook 2020: invest in upskilling local talent. Malaysia will continue to be subjected to the unstable geo-political climate – like every other country on this planet. Economic Outlook 2020 Report: Infrastructure development to support construction and real estate services Facebook Twitter PETALING JAYA (Oct 11): With continuing external uncertainties and slow domestic growth, the construction sector in Malaysia is expected to be supported by on-going infrastructure development. Malaysia: Timber exports hit RM18.46b in Jan-Oct 2019 [Jan 16] UK: Timber prices set to rise in 2020 [Jan 16] Belarusian furniture manufacturers to be featured at IMM Cologne 2020 [Jan 16] North America construction framing He Outlook of the US softwood lumber market in 2020-21 » China to ban imports of timber from Australia » Russia log export ban could impact US wood market » Hopes … KUALA LUMPUR: The country’s timber and timber products exports are expected to reach RM23 billion this year, leveraging on the existing Free Trade Agreements (FTAs), Asean and Oceania countries as well as strong Tensions rising in the Middle East may have caused oil prices to rise yet again, but the prospect of war on the horizon has many investors taking a more cautious outlook . The Malaysian economy is expected to remain relatively stable in 2020, with a GDP growth forecast of 4.8%. MELAKA, Jan 16 — Exports by the timber industry contributed RM18.46 billion to the nation’s income for the first 10 months of 2019, says Deputy Primary Industries Minister Datuk Seri Shamsul Iskandar Mohd Akin.
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