Recently, Natural Rubber tends to slow down in line with global economic growth. The COVID-19 outbreak severely affects the global economy and rubber demand by affecting supply chains and market disruption. In this regard, the International Tripartite Rubber Council (ITRC) held the 36th Meeting of ITRC on 22-23 November 2021, with Mr. Nakorn Tangavirapat, Governor of Rubber Authority of Thailand (RAOT), as the Chairman, Mr. Datuk Ravi Muthayah as the He...
The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) sub-regional economic cooperation was an initiative formed in 1993 by the governments of Indonesia, Malaysia, and Thailand. The goal of IMT-GT is to push the private sector of the member states to be leaders of trading and investment, leading to economic growth. Furthermore, it aims to support regional economic development by exploiting their economic advantages due to the similarity in geography,...
The world is currently experiencing a shortage of semiconductors or chips, which slows the production of various products that rely on chips to drive data processing, such as cars, trains, smartphones, other electronic devices, etc. Moreover, it is also a significant part of the automobile industry, which tends to be a big problem for automakers. The semiconductor shortage issue will require car manufacturers to cut millions of vehicle productions and l...
Global temperature change or “Global Warming” is the world important issue that affects climate and ecosystems around the world. It is a threat to human life. Moreover, it also affects economic and social development, especially the agricultural sector both direct and indirect. Global warming is caused by an increase in the atmospheric concentrations of greenhouse gases that leads to climate change. It causes various natural disasters such as floods...
Rubber (Hevea brasiliensis) is a species of rubberwood, which is native to rainforests in the Amazon region of Brazil, South America. The important rubber plantation area is in the Malay Peninsula due to the favorable weather and topography, causing the rubber to have been widely cultivated across the area since 1882. Natural rubber serves as an important raw material in rubber products such as tires, rubber gloves, bags, condoms, shoe soles, and automo...