Top Glove, the world’s largest rubber glove manufacturer based in Kuala Lumpur, Malaysia, reported a net loss of 61.8 million ringgit ($14.4 million) for the fiscal year ending in August, marking its second consecutive year of loss. The company experienced a surge in earnings during the COVID-19 pandemic due to high demand for medical gloves, but faced a downturn afterwards due to increased competition from Chinese glove makers.
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Myanmar military defends Bhamo with bombing blitz, residents say
Myanmar’s ruling military faces challenges in defending a northern town against ethnic minority insurgents, with heavy airstrikes and civilian casualties reported. China, a key ally, is working to broker a truce between the junta and rebels in efforts to stop the violence. In the west, Arakan Army insurgents surround a military base in Rakhine state, while in the east, the Karen National Union recaptures their headquarters at Manerplaw after 30 years. Full Article
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