Trading In Timber Companies in Malaysia

The timber industry in Malaysia is an important contributor to the economy, providing employment for hundreds of thousands of people. The industry is also a major source of export earnings, with timber products accounting for around 10% of Malaysia’s total exports.

The Malaysian timber industry is divided into two main sectors: the logging sector and the timber processing sector. The logging sector is responsible for the felling and extraction of timber from forests, while the timber processing sector comprises sawmills, veneer and plywood factories, and other wood-based product manufacturers.

Most of the timber harvested in Malaysia is used for domestic consumption, with only a small percentage being exported. The majority of Malaysia’s timber exports are shipped to China, Japan, and other Asian countries.

The Malaysian government has introduced a number of measures to try to ensure that the timber industry is sustainable. These include the setting up of the Malaysian Timber Certification Scheme, which aims to certify that timber products have been sourced from sustainably managed forests.

The government has also introduced a number of tax incentives to encourage companies to set up timber processing facilities in Malaysia. These include a 10-year tax exemption for new timber processing plants, and a 5-year tax exemption for the