MALAYSIAN glove maker Top Glove expects to pay about RM53 million (S$17.3 million) in remediation fees to migrant workers it employed before it implemented a new standard for ethical recruitment in January 2019.

Malaysia's Top Glove Corporation said on Monday it had begun making remediation payments to migrant workers who were employed by the world's largest medical glove maker before 2019, when it put in place ethical recruitment practices.

KUALA LUMPUR (Aug 6): Based on historical valuation, which investment analysts said has been thrown out of the window by now, the glove manufacturers are trading at price-earnings ratio of more than 100 times. � Top Glove is currently the second largest company by market value in Bursa Malaysia, fo...

WILL Top Glove Corp Bhd, whose share price has risen 440% year to date, see its market capitalisation (cap) surpass that of Southeast Asia�s largest bank � DBS Group Ltd? Well, some glove bulls think that is a possible scenario. Of the most optimistic glove bulls, Affin Hwang Capital Research anal...

KUALA LUMPUR (Aug 5): All the glove stocks retreated from intraday highs, with some of them slipping into the negative territory, at the closing bell as investors were taking some profit off the table.� Any rebound on share price during the trading day was capped by downward pressure from profit-ta...

KUALA LUMPUR (Aug 5): Buying interest in glove stocks seems to have cooled down this morning.� At 11.15am, Top Glove dropped two sen to RM28.34 after it hit a record high of RM28.82 shortly after the opening bell. But selling pressure emerged, pulling it to the negative zone.�Its heavyweight peer, ...

KUALA LUMPUR (Aug 5): Top Glove Corp Bhd executive chairman Tan Sri Dr Lim Wee Chai claimed today that old issues involving forced labour allegations against the company arose lately due to the work of an activist known as Andy Hall, who intends to �sabotage� the group. Lim said Top Glove, which is...

Malaysian glove manufacturer Top Glove has said it is in “cordial and constructive engagement” with US Customs and Border Protection over a detention order placed on the gloves manufactured by two of its subsidiaries – Top Glove Sdn Bhd and TG Medical Sdn Bhd. The company cites labour-related ...

KUALA LUMPUR (July 30): Top Glove Corp Bhd, whose share price retreated today, said it has been in constructive engagement with the US Customs and Border Protection (CBP) regarding the detention order imposed on its subsidiaries Top Glove Sdn Bhd and TG Medical Sdn Bhd. The group said it hopes to ar...

KUALA LUMPUR (July 30): Shares of Top Glove Corp Bhd pulled back on profit-taking today, as there has yet to be any resolution in sight on the ongoing US import restriction of its products due to forced labour allegations. This was as shares of all other glovemakers continued to rise, with several ...