Malaysia yesterday maintained its benchmark interest rate at a record low, supporting a nascent economic recovery as COVID-19 restrictions ease and inflation remains under control.
Bank Negara Malaysia (BNM) kept the overnight policy rate at 1.75 percent at its final monetary policy meeting of the year, a decision expected by all 18 economists in a Bloomberg survey. The central bank last lowered borrowing costs in July last year.
“Fiscal and financial measures will continue to cushion the economic impact on businesses and households and provide support to economic activity,” the central bank said in a statement. “Given the uncertainties surrounding the pandemic,
By Reuters Staff
2 Min Read
KUALA LUMPUR, Dec 16 (Reuters) - Malaysian glove maker Kossan Rubber Industries Bhd will see production capacity reduced by nearly 25% for two weeks after 427 workers tested positive for COVID-19, media reports and analysts said.
Kossan is the latest manufacturer of medical gloves in the Southeast Asian country to be hit by the pandemic in recent weeks.
Top Glove, the world’s largest glove maker, became the site of Malaysia’s biggest virus cluster after more than 5,000 workers were infected. Smaller rival Hartalega has also reported cases.
The latest outbreak was reported at one of Kossan’s six facilities after a total of 7,004 workers were screened, Kuala Lumpur-based Kenanga Research said in a note, citing a company briefing to investors and analysts on Tuesday.
KUALA LUMPUR (Reuters): Malaysian glove maker Kossan Rubber Industries Bhd will see production capacity reduced by nearly 25% for two weeks after 427 workers tested positive for Covid-19, media reports and analysts said.
Kossan is the latest manufacturer of medical gloves in the Southeast Asian country to be hit by the pandemic in recent weeks.
Top Glove, the world s largest glove maker, became the site of Malaysia s biggest virus cluster after more than 5,000 workers were infected. Smaller rival Hartalega has also reported cases.
The latest outbreak was reported at one of Kossan s six facilities after a total of 7,004 workers were screened, Kuala Lumpur-based Kenanga Research said in a note, citing a company briefing to investors and analysts on Tuesday (Dec 15).
KUALA LUMPUR (REUTERS) - Malaysian glove maker Kossan Rubber Industries will see production capacity reduced by nearly 25 per cent for two weeks after 427 workers tested positive for Covid-19, media reports and analysts said.
Top Glove, the world s largest glove maker, became the site of Malaysia s biggest virus cluster after more than 5,000 workers were infected. Smaller rival Hartalega has also reported cases.
The latest outbreak was reported at one of Kossan s six facilities after a total of 7,004 workers were screened, Kuala Lumpur-based Kenanga Research said in a note, citing a company briefing to investors and analysts on Tuesday (Dec 15).
The factory has since been shut for sanitisation, while its remaining 1,667 workers who tested negative are undergoing quarantine, Kenanga and three other research houses said.
Malaysian glovemaker Kossan to cut capacity after reported COVID-19 outbreak reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.