CHINA has posted a 7.7% to 320,300 units rise in truck sales in March from a year earlier, according to a data released by China Association of Automobile Manufacturers (CAAM). According to Orient Futures Co. analyst Yan Xinbin, the positive…
Category: Pan-Asia
South and East Asia rubber news
Myanmar rubber export earnings slid by US$80 million
MYANMAR’s rubber exports earning swung low by US$80 million, despite an increase in rubber exported this year compared to the previous year, due to the low global rubber price at US$400 per tonne. In a statement by the Myanmar Rubber…
Malaysian glove makers bid for reconsideration on junked RA extension
RUBBER glove makers in Malaysia continue to hope for a reconsideration to extend the the 15-year period reinvestment allowance (RA) to a further 15 years, despite the Government rejecting the proposal earlier. The Malaysian Rubber Glove Manufacturers Association (Margma) affirmed…
Rubber demand in Vietnam seen to rise
ACCORDING to Tran Thi Thuy Hoa, General-Secretary of the Vietnam Rubber Association (VRA), demand for natural rubber in the country is likely to increase. Hoa said, during a recent conference on sustainable rubber development held in southern Binh Phuoc Province,…
VRG to initiate rubber project in Cambodia
CAMBODIA welcomes the Vietnam Rubber Group’s (VRG) initiative for implementing rubber projects in the country. The group is set to plant 100,000 hectares of rubber trees in the country by 2014. At a reception for VRG General Director Tran Ngoc…
Japan-China tiff affects Toyota sales
JAPANESE automaker, Toyota Motor Corp disclosed that March sales of the company and its China joint ventures reach 75,900 units in the country , an 11.7% drop from a year earlier. From January to March, Toyota’s total sales in China…
Brunei’s rubber sector not getting a second lease
THE CALL to revive the rubber and sugarcane sectors with fresh initiatives was quashed by Brunei’s Ministry of Industry and Primary Resources. Minister YB Pehin Orang Kaya Seri Utama Dato Seri Setia Awang Haji Yahya bin Begawan Mudim Dato Paduka…
New strategies set to push Malaysian rubber industry
THE Malaysian Rubber Board (MRB) is laying down new strategies for the local rubber industry, according to Director-General Datuk Dr Salmiah Ahmad. The strategies will sustain the current developments in the local rubber industry, which has shown tremendous growth, encompassing…
ATMA seeks resolve to rubber supply pinch
NEW DELHI-headquartered Automotive Tyre Manufacturers’ Association (ATMA) urged the Rubber Board to help resolve scarcity of natural rubber supply in the domestic market. Supply of NR , especially the SNR (Indian Standard Natural Rubber) grade, tightens as the lean season…
Thailand to bid for extension on rubber export cut
THAILAND is set to propose another year extension on reduction in shipments from top suppliers to prevent price shortfalls. Thailand, along with Indonesia and Malaysia , represent about 70% of global output. According to Thailand’s Deputy Farm Minister Yuttapong Charasathien,…