MTIB to boost Bumiputera's participation in furniture industry

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The Timber Industry Board's new subsidiary would look for opportunities from GLCs and state governments, as well as abroad.

The Malaysian Timber Industry Board will continue to strengthen Bumiputera’s participation in the timber-based furniture industry including through the establishment of a new subsidiary, CTCS Worldwide Sdn Bhd .

The board hoped CWSB, which was set up in January would be able to secure contracts amounting to about RM50 million in particular from the Federal government-linked companies and state governments, he said. “CWSB will look for collaborative opportunities such as housing projects where furniture supply contracts can be distributed to selected Bumiputera entrepreneurs,” he told reporters after opening the Pahang Wood-based Furniture and Lifestyle Exhibition here today.

Exploring more markets in the country he said, would indirectly boost confidence and open up Bumiputera entrepreneurs for more opportunities to penetrate the international market in the future.

Source: News Formal (newsformal.com)

 

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