Karex set to stretch export earnings

KUALA LUMPUR: Malaysia is set to reap 10 per cent expansion in condom exports to RM475 million this year as it continues to ride on the strength of the US dollar and rising global demand for the contraceptive. Malaysia currently supplies 20 per cent of the world’s condoms demand of 30 billion pieces a year. “Condom exports are rising because people are beginning to be more vigilant about birth control,” said Karex chief executive officer Goh Miah Kiat.