Malaysia’s Strong Ringgit Squeezes Export Reliant Glove Makers
Malaysia’s world-leading producers of latex gloves are facing tightened profit margins as the nation’s strong currency bites into dollar-denominated earnings, underscoring challenges of the nation’s exporters.
By Justina T Lee, Anuradha Raghu · Bloomberg Markets
Malaysia’s world-leading producers of latex gloves are facing tightened profit margins as the nation’s strong currency bites into dollar-denominated earnings, underscoring challenges of the nation’s exporters.