Industry News

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1 Malaysia: Top Glove to Raise Selling Price of Products in February New 12-01-2018 12-01-2018 Malaysia's Top Glove will raise the selling price of its products by two percentage points in February, repeating this month's move as the world's largest rubber glove producer by capacity seeks to offset higher costs, its chairman said Tuesday. "Top Glove has adjusted the price until February but if the ringgit continues to climb against U.S. dollar, then we can increase by another 2% in the following months," Lim Wee Chai told Nikkei Markets on the side lines of the company's shareholders' meeting. View
2 Monsoon Season Aid to Benefit Small Farmers and Rubber Tappers New 12-01-2018 12-01-2018 The Government's Monsoon Season Aid (BMT) of RM200 per month in November 2017 to January 2018 has benefitted 440,000 small farmers and rubber tappers, according to Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong. In a statement, Mah said the objective of the BMT was to ensure that the welfare of small farmers and rubber tappers are protected during the monsoon season. The Government has allocated RM261mil for this purpose. View
3 2018 is an Exciting Year for Malaysia's Car Industry Archieved 05-01-2018 05-01-2018 The year 2018 is shaping up to be an exciting one for the car industry as global manufacturers rev up their operations in Malaysia to capture bigger slices of a growing market. Towards this end, automotive industry executives are expecting further consolidation in the industry. “There will be more corporate exercises to consolidate the assembly segment of the automotive industry. This is to bring down the cost further,” said an executive. View
4 Malaysia, Thailand and Indonesia withholding Exports of 350,000 Tonnes of Natural Rubber Archieved 05-01-2018 05-01-2018 Malaysia, Thailand and Indonesia have committed to withhold exports of 350,000 tonnes of natural rubber (NR) under the implementation of the Agreed Export Tonnage Scheme (AETS) with immediate effect until March 31, 2018. The International Rubber Consortium Ltd (IRCo), in a statement today, said this would be implemented through their respective domestic regulators, including addressing business commitments under existing forward contracts. View