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HONG KONG: Top Glove Corp’s plan to list in Hong Kong and raise up to US$1bil (RM4.13bil) has been delayed as the world’s largest rubber glove maker seeks to resolve a US import ban on its products, sources with direct knowledge of the matter said.
Proper planning needed for impact to be minimal
Beijing on Monday called US allegations that a Chinese fishing company is involved in forced labour practices a "lie" and promised to defend the interests of Chinese companies.
US Customs and Border Protection on Friday imposed a new import ban on seafood from a Chinese fishing fleet that the agency says is using forced labour on its 32 vessels, including abuses against many Indonesian workers.
Sime Darby Plantation Bhd posted a strong set of financial results in the first quarter ended March 31,2021 due to favourable crude palm oil (CPO) prices increased production and improved downstream performance.
Local and foreign workers can now reach out to the Human Resources Minister via the app.
The US Customs and Border Protection is currently reviewing Top Glove Corporation Bhd's submission after it had remediated the 11 International Labour Organization’s (ILO) forced labour indicators.
KUALA LUMPUR (Reuters): US Customs and Border Protection (CBP) has seized a shipment of 3.97 million nitrile disposable gloves from Malaysia's Top Glove Corp Bhd estimated to be worth US$518,000 (RM2.13mil), on indications they were made by forced labour, it said Wednesday (May 5).