06/08/2025
Thank you to Sdr YB Liew Chin Tong, Deputy Minister of MITI, for inviting me and co-chairing a meeting on the furniture industry at MITI yesterday afternoon.
The Malaysian wood based industry is the third-largest commodities sector after palm oil and rubber. In 2024, total exports of wood-based products exceeded RM22.92 billion, with wooden furniture contributing the largest share — RM9.89 billion or 43% of the total export value.
During the meeting, I highlighted several key concerns raised by industry players, including the recent expansion of the Sales and Service Tax (SST) and NonPreferential Certificate of Origin (NPCO), both of which warrant MITI’s urgent attention.
I hope that with MITI’s continued support and facilitation, we can help the furniture industry sustain its growth and strengthen its global competitiveness.
Photo credit: Liew Chin Tong office