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Malaysia, Thailand and Indonesia have formally set up the Tripartite International Rubber Corporation after discussing the viability of establishing the consortium for over a year.
SIME Darby Bhd reported yesterday an 11.3% higher pre-tax profit, helped mainly by a strong surge in palm oil products prices, which had boosted earnings from the group's plantation sector.
The National Union of Plantation Workers (NUPW) has achieved one of its long cherished goals: to secure a minimum monthly pay for its members. But the woes of rubber tappers go beyond minimum wage, writes Wong Sulong.
IT is easy to understand why Tan Sri Abdul Khalid Ibrahim spends a lot of time thinking about the plantation business. He joined a select group of the industry's most influential figures when he became group chief executive of Kumpulan Guthrie Bhd in 1994.
THE war in Iraq is certainly taking a toll on the rubber glove industry. Whereas rising latex prices were pretty much the main concern over the last five quarters, the recent standoff followed by the outbreak of war in the Middle East has led to further increases in production costs.