Day: March 14, 2023

Malaysia saw a 3.6 per cent fall in natural rubber (NR) production to 29,451 tonnes month-on-month (m-o-m) in January 2023 from 30,556 tonnes in December 2022, said the Department of Statistics Malaysia (DoSM). In its monthly rubber statistics released today, DoSM said NR production shrank 39.3 per cent in January 2023 from 48,546 tonnes compared with the same month last year. It said 84.2 per cent of NR production in January 2023 was contributed by smallholders with the remaining 15.8 per cent from the estate sector. It added that total NR stocks slipped 3.4 per cent to 194,553 tonnes in January 2023 versus 201,360 tonnes in December 2022. ‘Rubber processors factory contributed 90.7 per cent of the stocks, followed by rubber consumers factory (9.2 per cent ) and rubber estates (0.1 per cent),’ it said. On NR exports, DoSM said that declined 16.3 per cent to 40,867 tonnes in January 2023 from 48,797 tonnes in December 2022. ‘China remained as the main destination for NR exports, which accounted for 41.2 per cent of total exports in January 2023, followed by Turkiye (5.4 per cent), Germany (5.1 per cent), the United States (3.6 per cent) and Brazil (2.7 per cent),’ it said. The average monthly price showed that latex concentrated recorded an increase of 6.8 per cent in January 2023 to 502.05 sen per kilogramme (kg) against 470.21 sen per kg in December 2022, while scrap ticked up 0.6 per cent to 463.84 sen per kg versus 461.20 sen per kg in December 2022. Prices for all Standard Malaysian Rubber (SMR) rose between 1.7 per cent and 6.7 per cent in January 2023 compared with the previous month, it added.

Source: BERNAMA News Agency

Milliken and Company has been recognised as one of the 2023 World’s Most Ethical Companies, for the 17th year in a row, by Ethisphere, a leader in defining and advancing the standards of ethical business practices. Milliken, the global manufacturing leader is one of 135 honourees spanning 19 countries and 46 industries and one of only six honourees appearing on the World’s Most Ethical Companies list every year since the award was founded in 2007. ‘At Milliken, we are guided by a commitment to do the right thing. We are honoured to be recognised once again, and we are proud of the strong sense of integrity that drives our global team,’ said its president and chief executive officer, Halsey Cook in a statement. Doing what is right encourages Milliken to take bold steps across its diverse portfolio. Guided by its five core values namely integrity, excellence, innovation, sustainability and people, Milliken works to be a leader in responsible and sustainable manufacturing. Its 2025 Sustainability Goals define the company’s work with its products, its people and the planet in addition to Milliken recent announcement on its path toward a net-zero future by 2050 with Science Based Targets initiative (SBTi) approved short and long-term net-zero targets. Ethisphere’s 2023 Ethics Index, the collection of publicly traded companies recognised as recipients of this year’s World’s Most Ethical Companies designation, outperformed a comparable index of large-cap companies by 13.6 percentage points over a five-year period. Grounded in Ethisphere’s proprietary Ethics Quotient, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain.

Source: BERNAMA News Agency

Malaysia Convention and Exhibition Bureau (MyCEB) targets 5.9 million delegates to its events and generating RM42.12 billion income by 2030, said chief executive officer Datuk Seri Abdul Khani Daud. Abdul Khani said MyCEB’s aim of organising up to 350 events annually was also inline and on track with its goal of becoming Asia Pacific’s top 5 Business Events Powerhouse by 2030. ‘The growth now is really good for us, in fact some of our venues especially the World Trade Centre Kuala Lumpur, Kuala Lumpur Convention Centre and Malaysia International Trade and Exhibition Centre will be running quite full for the first quarter, and it is quite a good response from the industry for the second and third quarter of 2023. ‘With that growth, the industry is moving forward quite well to achieve the target that we have set for 2030,’ he told reporters at the Association Day today, which presents a niche nexus to access insights, exchange ideas and debate issues that impact the future growth of associations in Malaysia. At the same time, MyCEB has appointed Malaysian Congress Ambassadors or also known as Kesatria Malaysia for 2023. ‘The Kesatria Malaysia Programme is an effort to help us stage international conventions in Malaysia as an accomplished host. Given their expertise and command of the network that transcends borders as well as personal achievements, these champions are the perfect candidates to woo major international conferences or conventions to Malaysia,’ he said. Since the inception of the programme, Kesatria has contributed 95 successful international business events with an economic impact of RM1.5 billion and attracted more than 100,000 delegates, Abdul Khani said. On secured events, he said as of now MyCEB has already sealed five international events to be held in Malaysia in 2030 and from now until 2030, MyCEB has more than 100 events secured and has been signed on contractual basis with organisers.

Source: BERNAMA News Agency