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PETALING JAYA: A glovemaker in Port Klang escaped a shutdown order after being slapped with a RM1,000 fine for failing to comply with Covid-19 preventive measures and providing seemingly poor living conditions for workers.
KUALA LUMPUR (Reuters): A Malaysian glovemaker has denied hundreds of its workers are living in metal shipping containers in squalid conditions that Human Resources Minister Datuk Seri M. Saravanan described as modern slavery.
PETALING JAYA: Integrated construction engineering group Vizione Holdings Bhd has proposed to pay RM5mil cash for a 51% majority stake in glovemaker SSN Medical Products Sdn Bhd.
PETALING JAYA: Top Glove Corp Bhd may experience a slight slowdown in glove demand in the third quarter of its financial year ending Aug 31 (3Q25) as buyers from the United States had already been buying gloves ahead to the of higher US tariffs on Chinese gloves.
PETALING JAYA: Brightway Holdings and two of its subsidiaries in Selangor will be facing 30 charges in court for alleged offences under the Workers’ Minimum Standards of Housing and Amenities Act 1990 (Act 446), says the Human Resources Ministry.
PETALING JAYA: Human Resources Minister M. Saravanan has dismissed a glove-manufacturing company's denial that hundreds of its workers are living in metal shipping containers in squalid conditions, which he had labelled as "modern slavery".
PETALING JAYA: A glove company in Kajang has been ordered to shut down for seven days for failing to comply with Covid-19 preventative measures, with media reports saying that its workers were shockingly found living in shipping containers.
KUALA LUMPUR: Top Glove Corp Bhd, which returned to profitability in the first quarter of its financial year (1QFY25), remains optimistic about its outlook, with orders continuing to flow in as the glove industry steadily recovers.
Top Glove Corp Bhd is optimistic about its outlook, with orders continuing to flow in as the glove industry steadily recovers.
The US Centres for Medicare and Medicaid Services’ (CMS) proposal to include US-produced domestic nitrile gloves under its payment adjustment scheme from Jan 1, 2026, a decision that is expected to boost demand for US-made nitrile gloves, will benefit Supermax Corp Bhd.
Hartalega Holdings Bhd stands to benefit from the impending 50% import tariff by the United States on China-made gloves by 2025, given its large revenue exposure to the US market.
KUALA LUMPUR: Supermax Corp Bhd will begin commercialising glove production at its first US manufacturing facility in Texas by January 2025.
Supermax Corp Bhd will begin commercial production of gloves at its first US manufacturing facility in Texas by January 2025.
KUALA LUMPUR: Kossan Rubber Industries Bhd expects the glove industry to face a persistent supply-demand imbalance throughout FY2024, compounded by the pressure on average selling prices (ASP) from international competitors.
Kossan Rubber Industries Bhd expects the glove industry to face a persistent supply-demand imbalance throughout 2024, compounded by the pressure on average selling prices from international competitors.
When Datuk Eddie Ong Choo Meng began his acquisition spree of public-listed companies a few years ago, he took the market by surprise and drew a fair bit of scepticism.
Hartalega Holdings Bhd is expected to see further improvement in its earnings for the new financial year on stronger glove demand.
KUALA LUMPUR: Stocks to watch on Monday include Perdana Petroleum Bhd, Scientex Bhd, IHH Healthcare Bhd, Barakah Offshore Petroleum Bhd, Yinson Holdings Bhd, Samaiden Group Bhd, Varia Bhd and Top Glove Corp Bhd.
KUALA LUMPUR: Recent headlines from Corporate Malaysia include Yinson, SunCon, EcoWorld Malaysia, Astro, Top Glove, Binasat, PTT Synergy, MGB, T7 Global, Epicon and Master Tec, said Apex Securities Research.
PETALING JAYA: Manufacturers of rubber products are set for a meaningful turnaround in 2024, says RHB Research.
