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that will negatively impact capital markets in the country, after noting that more than RM270 billion in savings can be withdrawn at any time by its members who have reached above age 55 or 60, or those who have more than RM1 million in their account.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 Minister of Plantation Industries and Commodities.
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 Participate in The World’s Mega Exhibition - Expo 2020 Dubai
The world expo which is held once every five years is taking place from 1 October 2021 to 31 March 2022 in the United Arab Emirates. This edition, known as the Expo 2020 Dubai with the theme, "Connecting Minds, Creating the Future" embraces the idea that bringing the world together to catalyse an exchange of new perspectives and inspire action to deliver real life solutions to real world challenges.
The Malaysia Pavilion, themed “Energising Sustainability” is built with the inspiration of Malaysia’s majestic rainforest. The pavilion captures the nation’s commitment and direction for sustainable development. Located in front of the Jubilee Park, the pavilion comprises several segments, which includes ‘Energising Business’ situated at the lower ground floor that features 26 weekly trade and business exhibits.
The Malaysian Rubber Council (MRC) will be participating together with the six rubber products manufacturers and exporters in the expo under the Malaysia Pavilion’s thematic Week-17 of “Sustainable Agricommodity” which will be held from 23 to 29 January 2022 to promote a wide array of high quality Made in Malaysia rubber and rubber products.
MRC will be officially launching its virtual platform, namely the Malaysian Rubber Products Virtual Showcase (MaRViS) during the week. MaRViS is a reliable online platform that facilitates online business engagements between international buyers and Malaysian rubber product manufacturers. The Rubber Clay Modelling demonstration will also take place at the Amphitheatre of the pavilion to further ignite interest from the public on Made in Malaysia rubber products.
Come and visit us to discover more about sustainably produced rubber products from Malaysia!
MRC to Promote Made in Malaysia Rubber Medical Devices in Arab Health 2022
Committed to deliver the best event for healthcare community in the Middle East and North African region, Arab Health is all set to unite the global healthcare industry once again at the Dubai World Trade Centre from 24-27 January 2022. The 2022 edition of the event is expected to welcome about 3,600 exhibiting companies and 30,000 healthcare and trade professionals from 160 countries. MRC will promote Malaysia as the source of quality rubber medical devices by having a pavilion that will host eight Malaysian rubber product manufacturers and exporters. The MRC Malaysia Pavilion is located in the main hall and will be the perfect avenue to source for high-quality Made in Malaysia rubber medical devices such as medical gloves, condoms, and rubber catheters. Come and visit MRC Malaysia Pavilion at Hall 8, Booth H8.E11 for a wide range of high-quality rubber medical devices from Malaysia at Arab Health 2022!
Briefing Session by Northern Corridor Implementation Authority (NCIA) on Kedah Rubber City (KRC) and Northern Corridor Economic Region (NCER)
A briefing session by Northern Corridor Implementation Authority (NCIA) on Kedah Rubber City (KRC) and Northern Corridor Economic Region (NCER) was held online with MRC on 29 November 2021. The briefing was led by Mr. Hasri A Hasan, NCIA Chief Operating Officer.
Kedah Rubber City (KRC) is expected to bring in RM10 billion in investment, creating 14,500 jobs, which will modernise the rubber industry and become an important component in the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) with its 503 hectares of land outlay. Among topics discussed were incentives and initiatives across the catalytic investment framework tailored to the KRC and NCER.
MRC look forward to work closely with NCIA and NCER to promote participation in KRC and identify investment potentials.
The National Agricommodity Policy (DAKN) 2021-2030 will drive the development of the agricommodity sector in a more sustainable, competitive and market-oriented manner in line with new norms and increased digital technology use post-Covid-19, Prime Minister Datuk Seri Ismail Sabri Yaakob said.
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: email@example.com