As the second half of 2018 approaches, analysts have projected that the wood-based manufacturing sector will remain pessimistic as the weaker ringgit currency is insufficient to stop the negative factors such as potential minimum wage increase and high rubber wood prices. The research arm of Hong Leong Investment Bank Bhd (HLIB Research) revealed that the new government has pledged to increase Malaysia’s minimum wage from US$247.50(RM1,000) per month to US$371.20 (RM1,500) per month. While it remains to be seen ...
Register for unlimited access
We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
