Glove-makers request reinvestment allowance for Budget 2015

KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers Association (Margma) says the GST is likely to exert cost pressures on production, and has called on the Government to provide tax breaks on reinvestment in Budget 2015 to ensure Malaysia’s position as the world’s top glove exporter.

According to Margma, providing these tax breaks would encourage players in the rubber glove sector to be more aggressive in moving towards implementing more automation and the creation of proprietary technology.