Increasing housing starts and higher consumer spending will drive anticipated operating income growth for the global paper and forest products industry of 1%-3% in 2016, underpinning the current stable outlook for the sector for the next 12 months, says Moody’s Investors Service
It may be a hard time for business in Central Queensland, but the timber industry seems to be going against the grain. Source: The Morning Bulletin Ken Hay of K & S Timber Supplies of Queensland said it had been a big year for the company, made even bigger by the cyclone and a gro
Few things have as detrimental an impact as stamp duty on household finances, according to the Housing Industry Association. Source: Timberbiz This is based on results contained in the HIA’s Summer 2015 edition of Stamp Duty Watch publication. During November 2015, the typical stamp d
The Federal Government would abandon a plan to log in Tasmania’s World Heritage Area if the United Nations environment committee did not ratify it. Source: ABC News UNESCO has previously said it does not support the logging of specialty species timbers in the Wilderness World He
The Australian Forest Products Association (AFPA) welcomed the release of a new landmark report into the carbon storage and greenhouse gas reduction benefits from working native forests in south-eastern Australia. Source: Timberbiz “This new report, undertaken by leading carbon scienc
The $1 billion state-owned Forestry Corporation is facing half a dozen separate investigations into its timber logging operations around the state. Source: Sydney Morning Herald The investigations, which include scrutinising thousands of alleged breaches of environmental controls at C
Funds raised by forest growers for research and other industry activities are expected to total NZ$7,620,000 in 2015, about NZ$1 million more than budgeted. Source: Timberbiz At the same time, administrative expenditure has been kept under tight control. This will allow the Forest Gro
With export earnings of NZ$4.6 billion, forestry is New Zealand third largest primary sector earner after dairy and meat. Source: Stuff.co.nz Malaysian-owned forestry company, Ernslaw One has been granted consent by the Overseas Investment Office to buy 1264-hectare Kumeroa Station ne
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