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Glovemakers brace for adverse effects amid extended movement control in Malaysia

Observers say Singapore-listed glove plays Riverstone Holdings and UG Healthcare, however, should be more insulated

Uma Devi
Published Sat, Jul 10, 2021 · 05:50 AM

Singapore

ONCE lauded as pandemic darlings, glove manufacturers are in for a rough time ahead as they are forced to shutter factories in certain parts of Malaysia in line with an extended movement control order (EMCO).

Starting July 3, Malaysia imposed stricter movement curbs across 34 sub-districts in Selangor and 14 localities in Kuala Lumpur in a bid to curb the rising number of Covid-19 cases.

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