Author: gloveharicut   |   Latest post: Wed, 25 Nov 2020, 7:03 PM


US customs: TOPGLOVE 'making improvements'

Author:   |    Publish date:

{{{PM me to join GLOVE Private Discussion Room}}}

I invite you to read my blog and make a smart GLOVE decision.



I am reproducing the The Edge article to my blog.

This post don't have any value added content.

Compile here for my own record.

Please skip if you don't like it.



Top Glove 'making improvements' in effort to reverse import ban, says US customs


KUALA LUMPUR (Oct 24): The world's largest medical glove producer, Top Glove Corporation Bhd, has been making improvements in its efforts to reverse an American import ban placed on two of its subsidiaries in July, US authorities said on Friday.

US Customs and Border Protection (CBP) said in an email to Reuters it was engaging with Top Glove as the company worked to rectify signs of forced labour that American authorities had identified in the two units' production processes.

The agency said details of its discussions with the company were confidential, but added: "CBP does assess that Top Glove is taking this matter seriously and is making improvements."

CBP said there was no "normal or specific timeline" for modifying or revoking the ban and it would not do so until all the indicators of forced labour were sufficiently addressed and the company demonstrated that they had been eliminated from the manufacturing process.

Top Glove did not immediately respond to an emailed request for comment sent after business hours on Friday.

The company has publicly neither accepted nor denied the allegations, but has repeatedly said it is engaging with CBP to resolve the issues raised. Last month it submitted an audit report prepared by an independent consultant to the US agency.

This month, Top Glove increased the amount it will repay migrant workers for recruitment fees to RM136 million.

The United States added rubber gloves made in Malaysia to its list of goods produced by forced labour this year, and the Southeast Asian country has said it will continue to monitor rubber manufacturing companies.


Share this

Related Stocks

Chart Stock Name Last Change Volume 
TOPGLOV 6.99 -0.06 (0.85%) 34,488,700 

  Be the first to like this.
kenie https://www.youtube.com/watch?v=1o-gLB5hMzU
24/10/2020 10:30 PM
25/10/2020 8:11 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

529  557  546  538 

Top 10 Active Counters
 KANGER 0.185+0.005 
 AT 0.200.00 
 BINTAI 0.795+0.10 
 KGROUP 0.060.00 
 MTRONIC 0.115+0.005 
 ASIABIO-OR 0.015+0.005 
 IRIS 0.36+0.005 
 VIVOCOM 1.01+0.205 
 FINTEC 0.105+0.01 
 SOLUTN 1.27+0.15 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!