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4 Local Glove-Makers Pledge RM400 Million To Fight Covid-19 After Becoming Billionaires

4 Local Glove-Makers Pledge RM400 Million To Fight Covid-19 After Becoming Billionaires

The funds will go towards the cost of the vaccine and health equipment expenses.

Anne Dorall

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Finance Minister Datuk Seri Tengku Zafrul Tengku Aziz announced that four local glovemaking companies have agreed to donate RM400 million to the country’s Covid-19 efforts.

The four major glovemaking companies are: Top Glove, Hartalega, Supermax, and Kossan.

They have expressed a commitment to contribute RM400 million, which would include covering part of the cost of the Covid-19 vaccine and the cost of health equipment expenses.

Tengku Zafrul expressed his thanks on the behalf of the government to the contributions from the private sector, NGOs, and individuals alike in this fight against Covid-19.

Earlier this year, Malaysia gained two new billionaires due to the rising demand for rubber gloves worldwide.

Datuk Seri Stanley Thai Kim Sim of Supermax Corp now has an estimated net worth about USD1 billion (RM4.2 billion) while Tan Sri Lim Kuang Sia of Kossan Rubber Industries has an estimated net worth of about USD1.1 billion (RM4.6 billion).

Still, despite turning into almost-overnight billionaires, at least they are willing to give back to their country and local community.


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