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Brace For of Management, Datuk Amar Haji Awang
Tengah Ali Hasan, disclosed that almost
A More 99 percent of the wood-based export
items of Sarawak went to the traditional
markets such as China, Japan, Korea
Challenging and India. The local industry players were
therefore, advised to brace for a more
Future challenging future due to the sluggish
economy of these countries.
The local industry W ood-based sector, being In tandem with this, he emphasised that it
the mainstay of the state’s
is vital to focus on the present and future
players were advised economy, contributed RM7.2 demand and supply trends of the global
to brace for a more billion in export revenue in 2015 against markets.
RM5.94 billion in 2016. The decline in
challenging future export earnings was due to volatile global “Reliance on traditional markets and
due to the sluggish market situation. export of primary products are not
sustainable for our economy in the long
economy of the Second Minister of Resource Planning run. Because of this, there is a need
traditional consuming and Environment, Minister of Industrial to focus on the export of value-added
countries and Entrepreneur Development, Trade and products by transforming this sector into a
high income industry” the minister said.
Investment cum Chairman of STIDC Board
Summary
• The decline in export earnings
was due to volatile global
market situation
• It is vital to focus on the
present and future demand
and supply trends of the global
markets
• There is a need to focus on
the export of value-added
products by transforming the
wood-based sector into a high
income industry
Brace For of Management, Datuk Amar Haji Awang
Tengah Ali Hasan, disclosed that almost
A More 99 percent of the wood-based export
items of Sarawak went to the traditional
markets such as China, Japan, Korea
Challenging and India. The local industry players were
therefore, advised to brace for a more
Future challenging future due to the sluggish
economy of these countries.
The local industry W ood-based sector, being In tandem with this, he emphasised that it
the mainstay of the state’s
is vital to focus on the present and future
players were advised economy, contributed RM7.2 demand and supply trends of the global
to brace for a more billion in export revenue in 2015 against markets.
RM5.94 billion in 2016. The decline in
challenging future export earnings was due to volatile global “Reliance on traditional markets and
due to the sluggish market situation. export of primary products are not
sustainable for our economy in the long
economy of the Second Minister of Resource Planning run. Because of this, there is a need
traditional consuming and Environment, Minister of Industrial to focus on the export of value-added
countries and Entrepreneur Development, Trade and products by transforming this sector into a
high income industry” the minister said.
Investment cum Chairman of STIDC Board
Summary
• The decline in export earnings
was due to volatile global
market situation
• It is vital to focus on the
present and future demand
and supply trends of the global
markets
• There is a need to focus on
the export of value-added
products by transforming the
wood-based sector into a high
income industry
