Sound decision-making requires quality information. Poor information does not help in decision making. Among the sources of low quality information, an important cause is inadequate and inappropriate sampling. In this paper we illustrate the case of information collected on timber prices.

Local news encouraged furniture exports to China in a big way. The Chinese furniture market potential is not trivial. China®s domestic furniture consumption has grown double-digit on a yearly basis and in 2010, the consumption was equivalent to the US domestic market. Malaysia®s furniture...

At a global level, forest products consumption appears to follow one of the most general empirical rules whereby the richest consumes the most. When applied to countries, the rule changes into the wealthier the nation, the higher the timber consumption. The macroeconomic data confirms such...

Will the Malaysian furniture industry wither amidst the decreasing local supply of rubberwood timber? Despite declining supply of local rubberwood timber, the wooden furniture industry has been able to sustain its production and trade. This means that the wooden furniture industry does not...

Since many decades, Malaysia has been recognized as a major supplier of tropical wood products in the world. Malaysia has exported wood products to all the regions in the world mainly to Asia, Europe, Middle East, Oceania (New Zealand and Australia), America and Africa. Traditionally, Europe has...

How can forest industry contribute to achieving the status of a high income nation by 2020? What are the existing advantages and disadvantages of doing business in Malaysia which can help us to attain this objective? The World Bank analyses on a global basis the various advantages of doing...

The MalaysiaÕs wood-based industry is expected to contribute substantially to national income earning through value-added products such as furniture, mouldings, panel products as well as buildersÕ joinery and carpentry. During the Second Industrial Master Plan (IMP2, 1996Ð2005), it was...

The increase in global attention on climate change, also heightens pressure on the implementation of certification on rubberwood plantation. Certification ensures that resources are managed sustainably for economic, environmental and societal benefits. The international push for rubberwood...

The acronym of BRIC is becoming widely-known as its use by the media increases. BRIC stands for Brazil, Russia, India, China and it is the acronym that captures the new importance and effect of these new big engines of globalisation. These giant countries with their dynamics, thirst of resources...

Europe has been in prolonged debt crisis and the markets including timber products were badly affected. Since the 1970?s, European market has been one of the traditional markets for Malaysian timber products, particularly sawntimber. Currently, Malaysia is facing many competitors (especially...