Chua said ocean freight for certain destinations have spiked by 300% to more than 500%.
WHILE government policies and laws are key towards facilitating a healthy industry, the role of industry associations are also undeniably important in helping to ensure that regulatory measures support the growth of the industry as well.
For the Timber Exporter’s Association of Malaysia (TEAM), which was established in 1955 with approximately 680 members, it aims to distill the feedback of industry players into a single, concerted voice to liaise with the government on policy and regulatory issues related to timber.
According to its president Chua Song Fong, apart from furniture, most of the other sectors within the timber industry have seen a drop in business since the pandemic’s outbreak.
GEORGE TOWN: Most manufacturing plants in Penang are well prepared for the second the movement control order (MCO) which came into force yesterday, th.
Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai said the business fraternity is glad that the proclamation of emergency will not impede business operations.
PETALING JAYA: It will be business as usual for industry players as the state of Emergency declared by the King will have a minimal impact on the economy, with no curfew involved.
Economists and business leaders said the state of emergency nationwide would address the country’s ongoing political uncertainties amid the worsening Covid-19 crisis, rather than derail economic recovery and business operations.
Speaking to StarBiz, MIDF Research economist Mazlina Abdul Rahman said the Emergency proclamation could provide space for the government to focus on revitalising the economy without intense political pressure.“This could facilitate the recovery process.The impact from the state of Emergency on our economy is very minimal due to business as usual. The concern about the impact to the economy is more on
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