Dr Mohd Akbar Md Said is now new Director General of The Malaysian Rubber Board (MRB). Previously, he was the Deputy Director-General (Research & Innovation) responsible for MRB’s direction, planning and strategies of research and innovation. He also worked closely…
Category: Industry News
Strong U.S sales help increase Honda’s profit
Honda’s profit is up 20 % following strong U.S sales and weak Yen. In total, the April-June net profit of the carmaker is 186.04 billion yen (US$1.50 billion), compared to 155.60 billion yen a year earlier. That result beat an…
Kerala government announces latex subsidy
The Kerala government ha announced that it will provide latex subsidy. This is a part of its Rubber Production Incentive Package. The additional amount being given to rubber for ensuring Rs.150 per kg for rubber would be given as subsidy…
Vietnam’s rubber industry hit by oversupply
The Viet Nam Rubber Association has warned that the country’s rubber supply will see an oversupply in the next few years. Its chairman Tran Ngoc Thuan said that the total rubber export amount to 1 million tonnes, a year-on-year decrease…
Price cuts threaten Michelin’s earnings
Increasing competition in the Asian region is posing a threat to the earnings of tyre manufacturer Michelin, pulling its shares down. “We’re encountering pressure on prices, especially in markets like China and Southeast Asian markets where the Chinese export,” Chief…
Saudi Arabia to see new tyre regulations
The Saudi Standards, Metrology and Quality Organisation has announced that new tyre regulations will come into effect in November in Saudi Arabia in November this year, There are six classifications to this effect: excellent, very good, good, average, bad and…
India prepares double strategy for trade deal
India has prepared a double strategy ahead of talks under the Regional Comprehensive Economic Partnership (RCEP) which is expected to take place on August 24-26 in Nay Pyi Taw, Myanmar. The RCEP is seen as an answer to the US-led…
Bridgestone regarded most reliable tyre brand in New Zealand
A poll by Reader’s Digest has shown that when it comes to tyre brands, New Zealanders trust Bridgestone the most. Bridgestone-owned tyre brand Firestone was awarded most trusted in New Zealand, while Bridgestone was named among the country’s Highly Commended…
Volvo Prai dealership launched in northern Malaysia
THE NEWLY upgraded Volvo Prai dealership was launched in the northern region. It was kicked-off by the Ambassador of Sweden to Malaysia, Bengt Carlsson. The upgrading of Volvo’s Prai dealership is part of the Swedish giant’s RM75mil investment and strategic…
AmResearch reiterates Buy call on Kossan Rubber
AmResearch has reiterated its Buy call on Kossan Rubber. The fair value is at RM8.40 a share. This is to reflect a PE target of 27 times, which is on par with Hartalega Holdings’ PE given its comparable operational and…