Glove makers to pass on rising costs to customers

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Glove makers to pass on rising costs to customers
GlovemanufacturersLabourcostsUsimporttariffs
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The Hong Kong government is barring most civil servants from using popular apps like WhatsApp, WeChat and Google Drive on their work computers due to potential security risks.

CIMB Securities Research expects that ASPs to continue to rise from current levels in the longer term.

“As a result, we expect Malaysian glove makers to incur higher production costs, as labour cost makes up 9% to 11% of their total production cost. “Thanks to the better operating environment, we also note that Malaysian glove makers have been raising ASPs by 5% to 10% since September 2024.

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Glovemanufacturers Labourcosts Usimporttariffs Budget2025 Productioncosts Malaysiangloves Asprise

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