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KUALA LUMPUR: The FBM KLCI retraced most of the loss from earlier in the day but remained in the red with Top Glove as the leading laggard.
KUALA LUMPUR: Malaysia's removal from the FTSE Russell Watch List failed to rally investor sentiment on the market amid profit-taking while news of the US Customs' finding of forced labour against Top Glove Corp Bhd dragged on the glove heavyweight.
KUALA LUMPUR: The US Customs and Border Protection (CBP) has directed personnel at all US ports of entry to begin seizing disposable gloves produced by Top Glove Corp Bhd in Malaysia.
KUALA LUMPUR: The US Customs and Border Protection (US CBP) has claimed that certain products by Top Glove Corp Bhd had been manufactured with the use of forced or indentured labour.
FGV’s leased palm oil mills and estates to be integrated with Felda’s other estates
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP) has started legal action against Duncan Jepson, the managing director of Liberty Shared, a non-governmental organisation (NGO), over his allegations of forced labour in its plantations.
Sime Darby Plantation said the legal action – the first time in its 200-year history against an NGO -- was to obtain important information pertaining to Jepson’s complaint with the SC.
RHB Research said Top Glove was currently undervalued.
KUALA LUMPUR: Sime Darby Plantation Bhd (SDP), which returned to the black in financial year 2020 (FY20), will be appointing another international independent third-party to review and audit its operations in a bid to tackle mounting forced labour allegations.