RM1.4 billion Sabah timber industry profits this year

LocalBusiness & Finance
13 Nov 2022 • 11:54 AM MYT
Daily Express
Daily Express

Daily Express Online (Malaysia) is Sabah's top-ranked & most viewed English news site. It is also Sabah's leading & most circulated daily English newspaper.

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Kota Kinabalu: Sabah’s timber industry remains “unchopped” by the Covid-19 pandemic with RM 1.4 billion in recorded profits this year.

Despite facing global market challenges and rising logistics costs, the country’s wooden furniture exports remained stable and maintained 2021’s export figure of RM5 billion.

Furniture products are seen to continue to be the main contributor to Malaysia’s timber exports, which maintain performance in terms of price in the global market.