Rubber glove sector feeling stretched


ONCE a pandemic darling, rubber glove makers are now facing growing uncertainties with a confluence of negatives amid a persistent oversupply that doesn’t seem to be going away.

The latest negative variable to plague rubber glove makers is the US tariff negotiations – which now appear to be a race to see which country can secure the lowest rates to continue benefiting economically from exports to the country by Aug 1.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit rises 0.2% against US dollar at close
BHIC partners with French DCI to explore defence collaboration
TNB signs Energy Wheeling Agreement
WTK seeks shareholders’ approval for RM555mil plantation acquisitions
TRC Synergy Bhd wins RM249mil construction job
OGX signs underwriting agreement
FBM KLCI extends winning streak, ringgit at one-week high
BP flags up to US$5bil in energy transition impairments, weak oil trading
Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
Gold notches record high, silver cracks US$90 on Fed rate cut bets

Others Also Read