Glovemakers raise prices following gas tariff hike

Low: Margma can understand the gradual subsidy removal by the Government as part of its subsidy-rationalisation programme, but still, a 22.9 increase is rather steep, as we need to be mindful of competition from our neighbours.

PETALING JAYA: Glovemakers are raising prices as costs rise due to the gas tariff hike, while steel manufacturers want special tariff arrangements and a freeze on natural gas prices.

The Malaysian Rubber Glove Manufacturers Association (Margma) said rising costs for the industry included the higher gas tariff, increased cost of packaging materials and chemicals and annual incremental cost relating to wages, new government policies and the weaker US dollar.