Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, April 7
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»Innovation the key to Malaysian furniture industry’s future, says deputy minister
    Commodities

    Innovation the key to Malaysian furniture industry’s future, says deputy minister

    September 4, 20252 Mins Read


    KUALA LUMPUR: Malaysia’s furniture industry must focus on innovation, sustainability and design to remain globally competitive instead of relying on cheaper pricing, says Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

    “In the long run, I don’t think price is the only factor to decide whether we can compete in the market or not. Innovation is key. Sustainability is another hot issue among international buyers and we must also diversify beyond the United States and European markets to emerging economies,” he said when opening the Malaysia Furniture Furnishings Market (MFFM) 2025 and CTCS Design Competition awards on Thursday (Sept 4).

    He noted that the Malaysian Timber Council (MTC) was expanding export markets, including participation at the Shanghai Expo, while the Malaysian Timber Certification Council (MTCC) is encouraging more manufacturers to obtain eco-certification to strengthen their credibility.

    Despite global challenges, Malaysia’s timber exports rose 4.9% to RM22.9bil in 2024. Wooden furniture contributed RM9.9bil, up 8.4%, now making up more than 40% of total timber exports to over 160 countries.

    “Our success is built on craftsmanship, innovative design and sustainability. More than 370 companies are now certified under the Malaysian Timber Certification Scheme, endorsed by the world’s largest forest certification body, Programme for the Endorsement of Forest Certification (PEFC),” Chan said.

    He added that three megatrends would shape the industry – sustainability and ESG; digital transformation and lifestyle-driven design innovation.

    “Compliance with international standards is no longer optional. Industry 4.0 technologies are reshaping manufacturing, while multifunctional and ergonomic designs are increasingly in demand,” he said.

    The MFFM 2025 fair, held at the World Trade Centre Kuala Lumpur until Sept 6, has drawn buyers from more than 50 countries, with over 100 top-level participants under the Hosted Buyers Programme.

    Exhibitor numbers have grown by over 30% compared with last year, with Malaysian manufacturers forming the majority alongside participants from China and Japan.

    Project director of Derrisen Sdn Bhd, Karen Goi, said the fair was created to meet evolving global sourcing needs and strengthen Malaysia’s role in international trade.

    “Our tagline: ‘Connecting Markets, Expanding Business Horizons’ reflects this vision. We aim to be the bridge linking Malaysia’s manufacturing excellence with global demand while helping participants discover new partners and opportunities,” she said.

    The event is endorsed by the Plantation and Commodities Ministry with support from the Malaysian Timber Industry Board, MTC, CTCS Worldwide and Matrade.

     

     

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleS&P 500: Yesterday’s Late-Day Rally Faces Test in Today’s Session
    Next Article Asian shares higher after Wall Street steadies itself as Alphabet rallies

    Related Posts

    Commodities

    Rare earth: the commodities powering our AI future | Global X: Invest in innovation

    April 1, 2026
    Commodities

    Commodities as a Portfolio Hedge: A Beginner’s Guide

    March 25, 2026
    Commodities

    Why The Next Billion-Dollar Startup Will Be Built Around Commodities

    March 23, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Markets Weekly Outlook – US CPI to Test Markets Following Tumultuous Week

    August 9, 2024
    Stock Market

    10% yields?! These income shares have some of the biggest dividends on the London stock market

    September 7, 2025
    Bitcoin

    Solid Proff – Sponsored Content

    January 28, 2026
    What's Hot

    Bitcoin Surges 6% To Above $72,000 Amid Rising US-Israel–Iran Conflict | Cryptocurrency News

    March 5, 2026

    First Sponsor reports subdued market sentiments affecting China property development in Q1 2025

    April 28, 2025

    1 Sign Bitcoin Could Be Poised for a Comeback in 2026

    March 30, 2026
    Most Popular

    Expanding utilities specialist Ipsum buys Matrix Power

    March 12, 2025

    Stock Market Live Today: Sixth straight day in green; Nifty closes above 23,600, Sensex jumps 1,000 points; Bank shine – Market News

    March 23, 2025

    BTC Tests $114,000 on Cooler US PPI as Fed Cuts Loom

    September 10, 2025
    Editor's Picks

    Laying bare the scale of the London Stock Exchange’s decline

    July 8, 2025

    Utilities Shares Drop — Utilities Roundup

    August 5, 2025

    Dow Record; S&P 500, Nasdaq Gain as Government Shutdown Nears; Wolfspeed Stock, Tesla, Intel, Nvidia, Boeing and More Movers

    September 30, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.