The government’s allocation of RM20 million to revitalise idle private rubber plantations and RM60 million for latex production under the Rubber Industry Smallholders Development Authority (RISDA) are significant steps forward in supporting the growth and sustainability of the rubber glove industry.
Malaysian Rubber Glove Manufacturers Association (MARGMA) president Oon Kim Hung said the initiatives are set to strengthen latex production, ensuring a more stable and reliable supply of raw materials for rubber glove manufacturers.
“Overall, Budget 2025 is a positive and progressive move for the industry and the nation. The RM1 billion allocation for green technology financing highlights the government’s commitment to sustainable development and environmental protection – key areas that our industry players are actively advancing,” he told Bernama.
Source: NST
