KUALA LUMPUR, Oct 8 — A simplified gas supply agreement, natural gas supply at reduced cost and the removal of a 0.2 per cent export cess — these items are high on the...
A simplified gas supply agreement, natural gas supply at reduced cost and the removal of a 0.2 per cent export cess — these items are high on the Malaysian rubber glove industry’s wish list for the upcoming Budget 2024. — Pic by Zuraneeza ZulkifliKUALA LUMPUR, Oct 8 — A simplified gas supply agreement, natural gas supply at reduced cost and the removal of a 0.2 per cent export cess — these items are high on the Malaysian rubber glove industry’s wish list for the upcoming Budget 2024.
Margma, according to him, strongly encourages Petroliam Nasional Bhd to consider providing natural gas to Gas Malaysia Bhd and its subsidiary Gas Malaysia Energy and Services Sdn Bhd at a cost that allows the industry to compete with overseas manufactures using coal. Oon said the rubber sector is currently operating in a most challenging environment, facing intense competition particularly from countries that have access to cheap energy from coal, like China.
“To ensure that this group can sustain in Malaysia, measures to immediately address the critical issues are required. Without these, it is questionable if the industry would be able to survive in its current form and be able to make its historical, substantial contributions to the Malaysian economy,” he emphasised.
“In view of this, rather than exporting this natural resource, it would be more beneficial to make natural gas available at a competitive price to Malaysian manufacturers, as this will encourage the growth of downstream activities, creating employment opportunities and business growth for supporting industries while enhancing export value and increasing the inflow of foreign income,” it said.
Margma also hopes the government would consider the immediate removal of the 0.2 per cent export cess, enabling the industry to avoid further suppression in the current challenging situation and allowing it to strengthen its global competitiveness moving forward.
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