Malaysia's Top Glove Corp, the world's largest medical grade glove maker, said on Saturday some employees at four factories had tested positive for COVID-19 recently.
Migrant workers deserve far better
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published : 1 Feb 2021 at 12:30
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Migrant workers contribute significantly to various industries in Southeast Asia, particularly labour-intensive sectors. In Thailand, the seafood supply chain relies on thousands of workers from Myanmar, while Malaysia s rubber glove industry employs workers from Bangladesh, Nepal, Indonesia, and also Myanmar.
Despite the obvious need, the regulatory framework for labour migration, notably in fishing and seafood processing, is often weak. Countless workers are recruited through irregular and informal channels.
While there have been important improvements in recent years, workers still report a lack of written contracts, underpayment or withholding of wages, other types of wage theft, and coercion or involuntary work.
GameStop mania spreads to glove makers in Asia
GameStop mania spreads to glove makers in Asia
The moderators of the group Bursabets have defined it as the Malaysian version of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia.
Abhishek Vishnoi 30 January, 2021 11:38 am IST Text Size:
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Mumbai: The manic ride in GameStop Corp. sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and is already boasting more than 7,600 members. The moderators of the group have defined it as the “Malaysian version” of Reddit’s WallStreetBets forum, to discuss stocks listed on Bursa Malaysia. The discussions so far have centered on glove makers and calls to rally against institutional investors who have kept valuations of the s
Malaysian day traders hype up glove makers
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Online movement inspired by GameStop mania in US as retail investors flex muscle
published : 30 Jan 2021 at 14:32
3 A worker inspects gloves at a Top Glove factory in Shah Alam, Malaysia. (Reuters File Photo)
KUALA LUMPUR: The manic ride in GameStop Corp sparked by American amateur traders on Reddit has inspired some Malaysians to form a similar group targeting shares of glove makers one of Asia’s hottest pandemic trades in 2020.
The online community by the name of Bursabets was created on Thursday and already boasted more than 9,400 members as of Saturday afternoon. Its moderators have defined it as the “Malaysian version” of the WallStreetBets forum on Reddit, with a focus on stocks listed on Bursa Malaysia.
Last Thursday evening, certain retail investors created a new forum dubbed "BursaBets", on social aggregator Reddit, for like-minded individuals to discuss stock trading on Bursa Malaysia anonymously.