Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, February 25
    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

    Governments Stockpile Beyond Gold, Fueling Price Swings

    February 10, 2026
    Commodities

    A CIO overseeing $15 billion warns that all commodities — not just gold and silver — are speculative bets

    February 5, 2026
    Commodities

    Phemex Expands Digital Commodities Access With Gold and Silver Trading Initiative

    January 30, 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
    Bitcoin

    Twenty One Capital CEO Jack Mallers plans aggressive Bitcoin acquisition

    December 9, 2025
    Finance

    Manappuram Finance, Muthoot Finance shares rise up to 4% today; here’s why

    September 1, 2025
    Investing

    UBS discusses top themes for media in 2026 By Investing.com

    February 1, 2026
    What's Hot

    Bitcoin Price at $95,436, Altcoins in Red as US Crypto Bill Postpones

    January 15, 2026

    Podcast: Q3 captive originations are mixed 

    October 28, 2024

    Leading management firm FirstPort suspended by trade body

    February 7, 2025
    Most Popular

    China to keep its ‘all about production’ economic playbook as rivalry with U.S. intensifies

    October 14, 2025

    Indonesia eyes zero tariffs for key commodities in US deal

    November 3, 2025

    Top 2 Utilities Stocks That Are Preparing To Pump In October – Alexander & Baldwin (NYSE:ALEX), Cia Energetica DE Minas (NYSE:CIG)

    October 13, 2025
    Editor's Picks

    Le prix du bitcoin est en difficulté à une résistance clé: une autre jambe est-elle entrante?

    June 7, 2025

    The Commodities Feed: Gold extends record rally | articles

    October 16, 2025

    Why Did Bitcoin Fall 21% in November 2025?

    November 27, 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.