MAB Kargo profits from soaring demand for medical gloves

Malaysia's state-owned cargo carrier MAB Kargo has seen "impressive" profits since February, its CEO told Reuters, helped by the country's role as the world's biggest producer of medical gloves.

The company raised freight rates by as much as 50 percent in some cases and added capacity on high-demand routes as it also saw high-volume shipments of face masks and medical gowns during the Covid-19 pandemic, chief executive Ibrahim Mohamed Salleh told Reuters.