KUALA LUMPUR, July 13 – Top Glove Corporation Berhad's plunging profits, by more than 99 per cent, could affect Malaysia’s position as the dominant global rubber glove.
THE recent proposal by Alliance Bank Malaysia Bhd to dispose of its stockbroking unit to Phillip Futures Sdn Bhd may suggest further consolidation is in store for the stockbroking industry, in view of dwindling trading volumes this year. Last year was an exceptional one for stockbroking firms. Trading interest, particularly among younger investors, picked up swiftly after the global equity rout in March.