KUALA LUMPUR, March 29 — Rubber is a blessed word in these difficult times as its transformation into gloves has proved life-saving with even the world’s largest economy singing praises of Malaysia’s gloves.
TOKYO, March 27 (Reuters) - Asian stocks rose on Friday as investors wagered policymakers will roll out additional stimulus measures to combat the coronavirus pandemic after U.S. unemployment filings surged to a record.
(Bloomberg) — An impending glove shortage is hitting the world, compounded by measures to contain the deadly coronavirus in a country that dominates production: Malaysia.
Having successfully identified the factors that cause natural rubber to emit an odor, Sumitomo Rubber Industries has developed reduced odor natural rubber – a new type of natural rubber that emits significantly less odor.
KUALA LUMPUR (March 26): The Ministry of Plantation Industries and Commodities (MPIC) has reminded all rubber licence holders to operate normally during the Movement Control Order (MCO) period to ensure continued operation of the country’s rubber industry.
Compliance with the directive is in the best interests of everyone from smallholders to rubber processors and rubber products manufacturers as well as consumers, said MPIC.
“Failure to operate would result in action being taken against premises that have closed, including revocation of the licence by the Malaysian Rubber Board (LGM),” the ministry said in a press statement.
It said this directive will be implemented throughout the MCO period until April 14, 2020 or until further notice from the ministry.
MPIC said it issued the statement after it and LGM received complaints that rubber dealers were not operating during the period despite a directive that all premises be open during the MCO period.
Source: The Edge Markets
Stocks in Asia jumped in Friday morning trade after the Dow Jones Industrial Average soared overnight to its biggest 3-day surge since 1931.