Top Glove lost RM3.6b to US import ban

The International Trade and Industry Ministry (MITI) revealed the estimated loss incurred by Top Glove Corporation Bhd during the period of the “Withhold Release Order” (WRO) imposed by the United States’ Customs and Border Protection (CBP) was RM3.6 billion.

In a written reply in Parliament today, MITI said the information was obtained from the Malaysian Rubber Glove Manufacturers’ Association (MARGMA).

On July 15, 2020...