Tag: Industrial Sector
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Malaysian Glove Makers Yet to Break Even: CIMB Securities Flags Ongoing Challenges
Industry Spotlight: CIMB Securities’ Cautious Outlook for Malaysian Glove Makers The Malaysian glove manufacturing sector appears far from a recovery as CIMB Securities cautions that the industry is still grappling with headwinds into late 2025. While demand for gloves has been high globally in past years, a softer export environment and rising costs are affecting…
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Sector applauds VAT 6% and calls for interpretive rules for ongoing processes
Overview: broad support for VAT 6% The sector welcomed the move to set the value‑added tax rate at 6% for selected goods and services, viewing it as a meaningful incentive to stimulate the market. Industry leaders say the reduction can help lower consumer costs, boost competitiveness, and encourage investment at a time when the economy…