Govt to ensure rubber sector remains resilient


MRC's Chief executive officer Nor Hizwan Ahmad said glove manufacturers should switch their focus to the non-medical industry players as their potential and key clients to make the industry much more lucrative and continue to thrive rather than focusing on the healthcare sector.

KUALA LUMPUR: Latex goods accounted for 83.1% of Malaysia’s total exports of rubber products in the first quarter of 2022, with the glove sub-sector remaining as the largest export revenue generator for the industry.

The glove sub-sector, however, showed a decrease of 66.2%, equalling to RM6.04bil in the first three months of this year, from RM17.86bil in the same period in 2021, the Malaysian Rubber Council (MRC) said in a statement.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!

MRC , rubber , glove makers ,

   

Next In Business News

Ringgit seen to trade higher next week
Oil prices settle US$1 down as supply set to rise
Smoothing the way for EVs
Mah Sing records robust eight-month performance
MSM aims for 45,000-tonne grain sugar export to China
Opening the national electricity grid
Refinancing option likely
Malaysia Airlines at pivotal crossroads
Taking a leaf of electricity reforms from other countries
New CIMB Group CEO Novan upbeat about prospects for 2H24

Others Also Read