save malaysia!
US Tariff Hike On China Goods Unlikely To Boost Rubber Gloves Exports For Now
savemalaysia
Publish date: Wed, 15 May 2024, 04:21 PM
The President of Malaysian Rubber Glove Manufacturing Association Oon Kim Hung said the recent announcement by the United States Statement on tariff hike on China goods will not have much impact on the local rubber gloves market although it is welcoming.
He noted though the news may bode well for Malaysian rubber glove players, MARGMA does not expect much immediate impact, as it will only take effect in 2026. About 35% of the local rubber glove exports are to the US market, contributing approximately RM4 billion in 2023. However, he noted that Malaysia should not forget that the US also has its own domestic production.
Oon believes that Malaysian producers should continue to invest in ESG matters, and the way forward is to establish sustainable and equitable prices.”
https://www.businesstoday.com.my/2024/05/15/us-tariff-hike-on-china-goods-unlikely-to-boost-rubber-gloves-exports-for-now/
More articles on save malaysia!
Johor govt to launch pilot school initiative next year, says Mentri Besar
Created by savemalaysia | Jul 27, 2024
Don't make demands as if we're still dominant, Umno members told
Created by savemalaysia | Jul 27, 2024
‘Nobody else uses QR’: SSDU explains why Smart Selangor buses are all scan-to-ride
Created by savemalaysia | Jul 27, 2024
Penang utility company urges using 10pc less water till September rainy season to avoid crisis
Created by savemalaysia | Jul 27, 2024
Johor to start pilot schools focusing on STEM and English in 2025, says MB
Created by savemalaysia | Jul 27, 2024
Discussions
Be the first to like this. Showing 6 of 6 comments
Every time got good news for Gloves, all the so called "expert" like to jump out and throw "Ice Water", the so called "expert" hardly throw "Ice water" to Tech counter, Utility Counter ever some PE already 50 to
70. Gloves counter step on their "ekor" kah?
2 months ago
FF buying gloves stocks not for real? If US import more gloves even in 2024 why not possible?
2 months ago
When US interest rate already at peak and going down USD will weaken or RM stronger US must pay more for Malaysian gloves.
2 months ago
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
BFM Podcast
2
MQ Market Updates
3
BFM Podcast
4
BFM Podcast
5
BFM Podcast
6
M+ Online Research Articles
7
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Income
Ice water 💦
2 months ago