Sabah Imposes Logs Export Ban, India to Be Affected

Sabah, a state of Malaysia also known as the major source of hardwood logs to India, has announced to impose logs export ban with immediate effect. Although state says that the ban is temporary to ensure there is enough to meet domestic needs first. Shafie Apdal, newly sworn Chief Minister in the state, is reportedly in process of instructing the the state Forestry Department to immediately impose a ban on the export of logs from Sabah, however it is a temporary measure designed to safeguard the resources in Sabah. Speaking to reporters after being briefed by the Sabah Foundation, he said the ban would be in force until further notice. “The purpose of this ban is to ensure that logging activities are in direction of benefiting the state with better management ofresource wealth before it is exported,” he said.

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2018 Is Expected to Be Better but Not Everything Is Rosy

Welcome to the year of hope and beginning of a new growth cycle. The retarding effects of GST, DEMO & RERA are still present but market recovery and growth is expected, especially from the first quarter of FY 2018-19. Past one and half year have been riddled with slowdown, liquidity crunch, reforms led uncertainty in general where building materials segment is worst affected. Despite ofextremely slow demand in Wood, Panel and Decorative materials category, a huge capacity addition has taken place in this segment thus Year 2018 is set to witness a storm of competition in wood, panels and decorative surfaces category.

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