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 Million (FOB) o The Philippines has been a net importer of lumber, plywood and veneer in 2006 2009. For the same period, on the average, our imports offshoot our exports of the said products by US$ 106.750 Million. o Malaysia is our biggest supplier of forest-based products, with 37% share of the countrys total forestbased products imports in 2011. Malaysia o 2010 GDP (constant price) = 559.554 Billion Ringgit (US$ 182 Billion) o 2010 GVA of Agri/Fishery/Forestry = 40.916 Billion Ringgit (US$ 13 Billion), which is 7.31% of total GDP o Forest Cover (as of 2010) = 18.081 Million Hectares o Total 2010 Log Production = 17.313 Million m3 Value of Forest-based Exports of Malaysia in 2010: In Malaysian Ringgit (MR), FOB Major Timber 3.170 Billion Products Wooden 6.522 Billion Furniture Rattan Furniture 31.158 Million 9.723 Billion MR (US$ 3 Total:
Billion)
Source: Malaysian Timber Industry Board

Production

Trade

Employment

Support to the Industry (Incentives Program)

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 c/o DENR (pursuant to P.D. No. 705/ Revised Forestry c/o Malaysian Investment Development Authority: Code of the Philippines): o Waiver of payment of (forest land) rental for the Major Incentive: o For Pioneer projects = 5 years partial first five (5) years o Reduced forest charges (only 25% of the regular income tax holiday (pay only 30% of statutory income); or; forest charges) o Investment Tax Allowance = 5 years o Exemption from the payment of the percentage allowance of 60% on its qualifying tax capital expenditure o Others o

Total 2010 Employment = 36.035 Million 2010 Employment of Agri/Forestry = 10.488 Million, which is 29% of total employment)

c/o BOI (pursuant to E.O No. 226/ Omnibus Investments 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 incentives Other privileges o Those provided under E.O No. 318 s. 2004 Masterplan for Forestry Development (revisited last on October 2003)
As of 28 March 2012: Statistics (http://www.statistics.gov.my/) 1 US$ = 3.0665 Malaysian Ringgit 1 US$ = 42.942

o o o o o o o

Reinvestment Allowance Accelerated Capital Allowance Accelerated Capital Allowance on Equipment to Maintain Quality of Power Supply Accelerated Capital Allowance on Security Control Equipment Incentive for Industrialized Building System Tax Exemption on the Value of Increased Exports Group Relief

Source of Malaysian Economic Indicators and Other Pertinent Statistics: Malaysian Department of