Benchmark Philippines-Malaysia Timber Industry

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Attachment “B” Parameters Contribution to the Economy Philippines o 2010 GDP (constant 1985 price) = PhP 5.702 Trillion (US$ 133 Billion) o 2010 GVA of Agri/Fishery/Forestry = PhP 662.665 Billion (US$ 15 Billion) which is 12% of total GDP o 2010 GVA of Agri & Forestry = PhP 526.234 Billion (US$ 12 Billion), which is 9% of total GDP o Forest Cover (as of 2003) = 7.168 Million hectares o Total 2010 Log Production = 504,557 m3. Value of 2010 exports of logs, lumber, plywood & veneer = US$ 28 Millio
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   Attachment “B” ParametersPhilippinesMalaysiaContribution to theEconomy o 2010 GDP (constant 1985 price) = PhP 5.702 Trillion(US$ 133 Billion) o 2010 GVA of Agri/Fishery/Forestry = PhP 662.665Billion (US$ 15 Billion) which is 12% of total GDP o 2010 GVA of Agri & Forestry = PhP 526.234 Billion(US$ 12 Billion), which is 9% of total GDP o 2010 GDP (constant price) = 559.554 BillionRinggit (US$ 182 Billion) o 2010 GVA of Agri/Fishery/Forestry = 40.916Billion Ringgit (US$ 13 Billion), which is 7.31% of total GDP Production o Forest Cover (as of 2003) = 7.168 Million hectares o Total 2010 Log Production = 504,557 m 3 . o Forest Cover (as of 2010) = 18.081 MillionHectares o Total 2010 Log Production = 17.313Million m 3 Trade o Value of 2010 exports of logs, lumber, plywood &veneer = US$ 28 Million (FOB) o  The Philippines has been a net importer of lumber,plywood and veneer in 2006 – 2009. For the sameperiod, on the average, our imports offshoot ourexports of the said products by US$ 106.750 Million. o Malaysia is our biggest supplier of forest-basedproducts, with 37% share of the country’s total forest-based products imports in 2011.Value of Forest-based Exports of Malaysia in 2010:In Malaysian Ringgit(MR), FOBMajor TimberProducts3.170 BillionWoodenFurniture6.522 BillionRattan Furniture31.158 Million Total: 9.723 Billion MR (US$ 3Billion) Source: Malaysian Timber Industry Board Employment o  Total 2010 Employment = 36.035 Million o 2010 Employment of Agri/Forestry = 10.488Million, which is 29% of total employment) o  Total 2010 Employment = 11.517 Million o 2010 Employment of Agri/Fishery/Forestry =1.475 Million, which is 13% of total employment o 2010 Employment of Forest-based Industries =116,103, which is 1% of total employment Support to theIndustry (IncentivesProgram) c/o DENR (pursuant to P.D. No. 705/ Revised ForestryCode of the Philippines): o Waiver of payment of (forest land) rental for thefirst five (5) years o Reduced forest charges (only 25% of the regularforest charges) o Exemption from the payment of the percentagetax o Othersc/o BOI (pursuant to E.O No. 226/ Omnibus Investmentsc/o Malaysian Investment Development Authority:Major Incentive: o For Pioneer projects = 5 years partialincome tax holiday (pay only 30% of statutory income); or; o Investment Tax Allowance = 5 yearsallowance of 60% on its qualifyingcapital expenditure Other incentives:  Code of 1987, as amended): o Income Tax Holiday (max. of 8 years) o Duty-free importation of capital equipment o VAT zero-rating (for export-oriented projects) o Other fiscal and non-fiscal incentivesOther privileges o  Those provided under E.O No. 318 s. 2004Masterplan for Forestry Development (revisited last onOctober 2003) o Reinvestment Allowance o Accelerated Capital Allowance o Accelerated Capital Allowance on Equipmentto Maintain Quality of Power Supply o Accelerated Capital Allowance on SecurityControl Equipment o Incentive for Industrialized Building System o  Tax Exemption on the Value of IncreasedExports o Group Relief  As of 28 March 2012: Source of Malaysian Economic Indicators and Other Pertinent Statistics: Malaysian Department of Statistics (http://www.statistics.gov.my/)1 US$ = 3.0665 Malaysian Ringgit1 US$ = 42.942
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