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Govt expects figure to hit RM4.7b in 2021 from RM2.8b in 2020
The government decided no windfall tax will be imposed on glove manufacturers to avoid potential “opportunity costs/losses” such as glove manufacturing companies investing overseas instead of in Malaysia, and sending wrong signal to existing and potential investors in other industries.
PETALING JAYA: The updates on the Covid-19 vaccine development are not expected to affect the prospects of glove makers in the near term.
PETALING JAYA: The top four rubber glove makers by capacity in Malaysia are pledging varying amounts to the total of RM400mil for Covid-19 fund under the Budget 2021.
KUALA LUMPUR (Bloomberg) -- Malaysia unveiled its biggest-ever budget to help the virus-ravaged economy get back on track for rapid growth.
KUALA LUMPUR: Budget 2021 has proposed that the four leading rubber glove manufacturers in the country will contribute a total of RM400mil towards efforts to combat the Covid-19 pandemic.
KUALA LUMPUR: Maybank Investment Bank Research expects the Budget 2021 proposals to be announced this Friday will allocate more funds for social welfare and safety nets and also measures to spur consumer spending.
IT will be a momentous moment for Tengku Datuk Seri Zafrul Abdul Aziz when he delivers the country’s Budget 2021 amid the most challenging of times.