PETALING JAYA: The prevailing weakness of the ringgit against the US dollar is an added boost to glove makers, as it will mean higher foreign exchange (forex) translation gains.
Glove makers that serve the healthcare sector predominantly are already enjoying good profits, as the demand from that industry has remained resilient despite the present economic downturn.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!