Malaysia

Brisk Business for Agarwood in Kuala Lumpur

Jalan Bukit Bintang is known for its glitzy malls and bars, which tourists make a beeline for. However, among the bustling nightspots and shopping centres, there are at least six agarwood shops and perfumeries along that street alone, attracting the stream of Arab visitors looking for the expensive scent used to, among others, spray on the curtains that cover the Kaabah in Mecca and for incense burnt in their homes. Preparing for the coming “Arab season” in August, these thriving shops have boxes and boxes of the rare wood in stock, mostly sourced from Malaysian rainforests. Shopkeepers said they buy their [...]

How Does Plantations International Invest in Farm Land

For real estate investing, there are laws, procedures, theories and probabilities to contend with, but the human element is also a concept that must be factored in, just as important. However, there's one line of thinking that virtually, all investors would probably agree on, that investing in undeveloped farm land or "Strategic farm land Investment" as we like to call it, is one of the safest real estate investment vehicles there is, as long as you invest at the right place, at the right time, and for the right price. For hundreds of years around the globe, vast fortunes have been [...]

Malaysia’s Customs Officers are Helping Keeping the Timber Trade Legal

Malaysia Legal Timber Trade More than 100 customs officers, forestry officials, timber trade enforcement and private sector representatives from across Malaysia met in Putrajaya to develop timber trade guidelines to assist frontline customs authorities in their work at a national workshop organized by the Ministry of Plantations Industries and Commodities (MPIC), Malaysian Timber Industry Board (MTIB), Royal Malaysian Customs and TRAFFIC, in collaboration with the World Customs Organization (WCO) and ITTO, as part of ITTO’s Biennial Work Programme for the years 2015-2016. Timber is the most valuable natural resource commodity traded globally with an annual turnover estimated in excess of US$300 [...]