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Plywood makers halt orders from Japan

File pic shows Malaysian plywood undergoing quality tests before being exported.
KUCHING: More Malaysian plywood manufacturers have stopped taking new orders from Japanese buyers as the log shortage has disrupted their production activities.
The latest is Sabah’s largest tropical plywood manufacturer which halted from accepting new orders in May 2021, and this has resulted in severe supply shortage of the panel products in the Japanese market, according to the Japan Lumber Report (JLR).
In March, Sarawak’s top plywood manufacturer and supplier Shin Yang group had stopped taking new orders from Japanese importers to clear up the backlog orders.
“The supply of imported South Sea (tropical) hardwood plywood is in critical stage. ....

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Japan remains world's biggest creditor in 2020 for 30th straight year

Japan remains world s biggest creditor in 2020 for 30th straight year
Japan remained the world s largest creditor at the end of 2020 for the 30th straight year, although the yen s appreciation against the U.S. dollar cut the value of its foreign assets, the government said Tuesday.
The country s net balance of external assets held by its government, companies and individual investors stood at 356.97 trillion yen ($3.3 trillion), down 0.01 percent from a year earlier and the first decline since 2017, the Finance Ministry said.
Japan s Finance Ministry in Tokyo. (Kyodo)
The yen strengthened against the dollar by nearly 6 yen from a year before, reducing the balance by around 22.9 trillion yen, an official told reporters by a ministry estimate. ....

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Japan posted a trade surplus of $ 2.34 billion in April - La Prensa Latina Media

Japan posted a trade surplus of $ 2.34 billion in April - La Prensa Latina Media
laprensalatina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensalatina.com Daily Mail and Mail on Sunday newspapers.

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BlackRock Doubles Its Stake in Son's SoftBank Group to 5.2%

BlackRock Doubles Its Stake in Son's SoftBank Group to 5.2%
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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Opposition Will Never Achieve Anything- Nkaigwa

Opposition Will Never Achieve Anything- Nkaigwa
Breaking News
Former Umbrella for Democratic Change (UDC) Member of Parliament for Gaborone North, Haskins Nkaigwa has confirmed his departure from opposition fold to re-join the ruling Botswana Democratic Party (BDP).
Nkaigwa said opposition is extremely divided and the leadership not in talking terms. “They are planning evil against each other. Nothing much will be achieved,” Nkaigwa told WeekendPost.
“I believe my time in the opposition has come to an end. It’s time to be of value to rebuilding our nation and economy of the country. Remember the BDP is where I started my political journey. It is home,” he said. ....

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