New Straits Times

FUNDS’ FAVOURITE

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FOREIGN investors continue to favour the Malaysian equity market with net RM1.9 billion fund inflows year-to-date, encouraged by stellar economic growth projection, say experts.

KUALA LUMPUR: Malaysian Internatio­nal Furniture Fair (MIFF) is expected to see increased participat­ion of internatio­nal exhibitors to 40 per cent next year from 30 per cent currently.

MIFF general manager Karen Goi said there were 622 local exhibitors this year.

“We will be celebratin­g the 25th anniversar­y next year, and we hope they will showcase more designs,” she said at the end of the four-day exhibition, here, yesterday.

Goi said higher foreign participat­ion could create positive competitio­n.

The 24th edition of MIFF, themed “Design Connects People”, covered a floor space of 100,000 sq m.

Goi expected the theme to remain next year as she saw design as an important element that could bring big changes to the furniture industry.

“We will come out with more initiative­s focusing on design next year, and we will also continue working with exhibitors and young designers to showcase world-class products and lifestyle solutions.”

She said response to MIFF 2018 was overwhelmi­ng and there was an increase in the number of buyers especially from the United States, the Philippine­s, Africa and Japan.

“We had many new buyers from the US, which could be due to the economic recovery in the country. We also saw many Japanese buyers who could be sourcing for hotel products as Japan is gearing up for the 2020 Olympic Games,” she added.

Goi said previously, Asean buyers made up the largest group while those from the US, Japan, Canada, China and India were among the top 20 buyers.

She was optimistic of achieving a five per cent increase in sales target this year from US$940 million (RM3.7 billion) last year.

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 ?? PIC BY NIK HARIFF HASSAN ?? The Malaysian Internatio­nal Furniture Fair this year saw a higher number of buyers from the United States, the Philippine­s, Africa and Japan.
PIC BY NIK HARIFF HASSAN The Malaysian Internatio­nal Furniture Fair this year saw a higher number of buyers from the United States, the Philippine­s, Africa and Japan.

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