EPF Warns Massive Withdrawal Will Affect Country’s Markets
28 December 2021
The Employees Provident Fund has warned that any erosion of trust towards the agency might cause a massive withdrawal that will negatively impact capital markets in the country, after noting that more than RM270 billion in savings can be withdrawn at any time by its members who have reached above age 55 or 60, or those who have more than RM1 million in their account.
The Malaysian Rubber Council (MRC), formerly known as Malaysian Rubber Export Promotion Council, was incorporated on 14 April 2000 under the Companies Act 1965 as a company limited by guarantee under the Ministry of Plantation Industries and Commodities (MPIC).
MRC is governed by a Board of Trustees appointed by the Ministry of Plantation Industries and Commodities (MPIC).
MRC is tasked with undertaking market promotion of quality Malaysian rubber and rubber products in world markets. MRC has overseas offices in the US, China, India, Europe and the Middle East.
MRC to Promote Rubber Automotive Components in EVM Asia Expo
MRC will be participating in Asia’s first international exhibition dedicated for manufacturing of electric, hybrid and autonomous vehicles, known as EVM Asia. EVM Asia is an inaugural exhibition promoting electric vehicle (EV) ecosystem in Malaysia, with the theme “Powering the Future of Sustainable Mobility”. The expo is scheduled to be held from 27-29 September 2022 at the Malaysian International Exhibition and Trade Centre (MITEC), Kuala Lumpur.
The show is held in partnership with the Ministry of Science, Technology and Innovations (MOSTI), Malaysian Automotive, Robotics and IoT Institute (MARii), Malaysian Industry-Government Group for High Technology (MIGHT), Electric Vehicles Association of Malaysia (EVAM) and Malaysian Electric Vehicles Owners’ Club (MyEVOC). The expo will bring together automotive manufacturers, assemblers and vendors across the region to gather latest insights on electric vehicles manufacturing innovations, components, software and systems for navigation, safety and many others.
Come and visit MRC’s booth at Hall 7, booth 7246 to further explore high quality Made in Malaysia rubber automotive components.
The Malaysian Rubber Council (MRC) has successfully co-hosted the 10th International Rubber Glove Conference and Exhibition (IRGCE) and International Rubber Industry Convention and Expo (IRICE), which were held concurrently from 6 – 8 September 2022 at the Kuala Lumpur Convention Centre. IRGCE, which was organized by the Malaysian Rubber Glove Manufacturers Association (MARGMA), has successfully gathered 268 exhibitors from 17 countries. This year’s conference with the theme “Breaking Boundaries: Game Changing Initiatives” also received 915 participants. While IRICE which was organized by the Malaysian Rubber Products Manufacturers Association (MRPMA) has gathered 64 exhibitors that showcased the processing, manufacturing and developments related to rubber industry, particularly dry rubber products.
MRC showcased a wide array of rubber products from different sectors during the exhibition. In conjunction with the events, MRC has also organized a business matching programme known as the MRC Global Sourcing Mission (GSM), both physical and online from 6 – 7 September 2022. A total of 112 meetings have been successfully conducted between 25 international potential buyers and 20 Malaysian manufacturers. The MRC Career Talks, which is a two-day event, was held on 6 – 7 September 2022 and gathered 400 students from 32 local and public learning institutions. The programme has successfully generated interest from the student to explore their career in the rubber product industry.
MRC Leads Malaysian Manufacturers to Explore Opportunities for Latex Foam and Mattresses in the United States
MRC organized a working visit on latex foam and mattresses to the United States from 20 – 27 August 2022. Led by MRC’s CEO, Mr Nor Hizwan Ahmad, the programme covered the cities of Los Angeles and New York. Three Malaysian manufacturers and exporters participated in the programme, namely Getha (1969) Sdn Bhd, LSK Mattressworld Sdn Bhd and LSK Napure Latex Sdn Bhd. During the visit, the delegates met and visited eleven American mattress manufacturers, retailers and related association such as Latexpedic, Comfort Bedding Manufacturing, Milkmen Foam, Royal Pedic, Casper Sleep, 911Beds, Shifman Mattress Company, LA Mattress, Naturepedic, Mattress Central, and International Furnishings and Design Association (IFDA). In addition, the delegation also met with the Malaysian Consul General in Los Angeles and New York as well as MATRADE officers in both cities. Through the visit, MRC successfully promoted quality made in Malaysia latex foam and mattresses and created business connections for Malaysian companies to potentially export latex foam and mattresses to the United States.
MRC delegates and Malaysian manufacturers during a factory visit at Milkmen Foam
MRC Delegates met with IFDA
MRC delegates and Malaysian manufacturers at MATRADE Los Angeles’s office
MRC to Lead Malaysian Manufacturers Participating in Automechanika Frankfurt
Continuing efforts to promote quality rubber products from Malaysia, MRC will be leading three (3) Malaysian manufacturers and exporters to participate in Automechanika Frankfurt, the world’s leading trade fair for the automotive service industry since its establishment in 1971.
The show will take place in Frankfurt, Germany from 13 - 17 September 2022. The show serves as a global meeting platform for the manufacturing industry, repair shops and automotive trade which represents the entire value chain of the automotive aftermarket. This international automotive aftermarket show is expected to attract over 2,800 exhibitors from around 70 countries this year.
Come and visit the MRC Malaysia Pavilion at Hall 1.2, D01B to further explore the high-quality Made in Malaysia rubber automotive components.
NCIA, MOI And RAOT Firm Up Rubber Cities Development Commitment
16 September 2022
The Northern Corridor Implementation Authority (NCIA) has signed a memorandum of understanding (MoU) with the Ministry of Industry Indonesia (MOI) and the Rubber Authority of Thailand (RAOT) to firm up the commitment to jointly develop rubber cities at the 28th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Ministerial Meeting today.
Malaysian Rubber Council (MRC), Unit No 36-02, Level 36, Q Sentral, 2A Jalan Stesen Sentral 2, KL Sentral, 50470 Kuala Lumpur, Malaysia
Phone: (603) 2782 2100 | Fax: (603) 2782 2199 | Email: firstname.lastname@example.org