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that will negatively impact capital markets in the country, after noting that more than RM270 billion in savings can be withdrawn at any time by its members who have reached above age 55 or 60, or those who have more than RM1 million in their account.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 Successfully Linked International Buyers with Malaysian Manufacturers Through Online Business Matching
MRC has recently concluded the online business matching programme, namely the e-Global Sourcing Mission (e-GSM) from 26 - 28 July 2022. The e-GSM is a business matching programme organized by MRC through online since 2020 to further facilitate the export of Made in Malaysia rubber products. This time the programme had successfully linked 20 international buyers with 15 Malaysian rubber product manufacturers and exporters. A total of 41 online meetings had been arranged. Majority of the buyers were from China, India, Saudi Arabia, United Kingdom, Germany and Turkey. The buyers were interested to source Made in Malaysia quality rubber products, including rubber automotive components, engineered rubber products, precured treads and retreading materials, specialty rubber materials (green rubber) and rubber medical devices.
The Malaysia International Agricommodity Expo and Summit (MIACES) was successfully organised from 26 – 28 July 2022 at the Malaysia International Trade and Exhibition Centre (MITEC), Kuala Lumpur. MIACES, Malaysia’s premier agricommodity expo was organised by the Ministry of Plantation Industries and Commodities (MPIC) and co-organised by its three councils, namely Malaysian Rubber Council (MRC), Malaysian Palm Oil Council (MPOC) and Malaysian Timber Council (MTC). The show gathered more than 10,000 visitors and 350 companies from 39 countries during its three-day event. YAB Prime Minister of Malaysia, Dato' Sri Ismail Sabri bin Yaakob officiated the opening ceremony together with YB Datuk Hajah Zuraida Kamaruddin, Minister of MPIC on 26 July 2022.
As the event’s co-organiser, MRC has an attractive promotional booth in MIACES exhibition hall which showcased a wide variety of rubber products from different sectors and highlighted the services offered by MRC. Latex painting demonstrated by a professional artist at MRC booth has attracted the visitors to explore more about green rubber material.
With the theme of ‘Advancing the Rubber Industry in a Sustainable Ecosystem’, MRC has organised a seminar breakout session which highlighted on the importance of advancing and empowering the rubber sector in a sustainable way without compromising on the ecosystem. About 140 participants attended the session.
MRC has also signed a Memorandum of Understanding (MOU) for the development of aerospace balloon made from rubber and graphene with Malaysian Rubber Board (MRB), Meditech Gloves, Levidian Nanosystems and Cranfield University. A Letter of Intent (LOI) has also been signed between MRC, MPOC, MTC and Aim Vision Limited to explore the possibility on setting up an integrated office in Bangladesh to further promote Made in Malaysia agricommodity products.
The Malaysia International Agricommodity Awards (MIACA) was also held in conjunction with MIACES. The award winners for rubber sector were Associated First Rubber which has won the Best Agricommodity Micro, Small and Medium Enterprise of the Year (Rubber) while Geomax Rubber Innovative Products won the award for Best Agricommodity Start-Up of the Year (Rubber).
Promotion of Made in Malaysia Cleanroom Gloves in Asia’s Leading Pharmaceutical Exhibition
MRC has successfully participated in Interphex Japan from 13-15 July 2022 at Tokyo Big Sight, Tokyo, Japan. The show is the leading pharmaceutical and cosmetics manufacturing exhibition in Asia. The MRC Umbrella-Concept booth housed three Malaysian rubber product companies namely ASAP International, Bonric as well as TCS Quality and Productivity. MRC and Malaysian manufacturers showcased cleanroom rubber products such as cleanroom gloves, finger cots and finger stalls during the exhibition.
MRC booth received encouraging number of visitors and enquiries throughout the three-day event. MRC also facilitated business matching sessions between the potential buyers and Malaysian manufacturers on-site.
MRC’s presence at Interphex Japan was further amplified by the prominent hanging banner advertisement above the booth to further promote Made in Malaysia cleanroom rubber gloves and garnered visitors’ footfall to MRC booth. The next edition of Interphex Japan is scheduled to be held from 5 – 7 July 2023 at the same venue.
Promotion of Made in Malaysia Precured Treads and Green Rubber at South America's Leading Tyre and Retreading Exhibition
MRC participated in Pneushow, the South America's leading tyre and retreading exhibition from 22 – 24 June 2022 at the Expo Centre Norte, Sao Paulo, Brazil. The show attracted more than 5,000 trade visitors and 155 exhibitors, mainly from South American countries. MRC's promotional booth located at Booth 89 4/O promoted Malaysia as the source for quality precured treads and retreading materials such as cushion gum, camelback, orbitread, repair rope, and sidewall veneer. In addition, industrial gloves, multipurpose gloves, specialty rubber materials (green rubber) including Ekoprena and Pureprena as well as rubber automotive components (RAC) were also displayed at MRC's booth.
MRC placed online banner at Pneushow's website and app as well as logo at giant floor plan located at the entrance of the fairground along with several directional floor stickers situated inside the exhibition hall to further promote the Made in Malaysia precured treads and retreading materials and attracting visitors' footfall to the MRC booth. MRC received a total of 75 enquiries during the three-day event. The next edition of Pneushow will be held from 26 – 28 June 2024.
Rubber Price Expected To Exceed RM3.50 Per Kg By Year-End - Zuraida
17 August 2022
The price of rubber is projected to exceed RM3.50 per kilogram (kg) at the end of this year and continues to be in an upward trend due to very high demand from importing countries, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin 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