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1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MEDIA STATEMENT IN RESPONSE TO THE EUROPEAN PARLIAMENT’S APPROVAL TO THE AMENDMENTS IN THE NEW
RENEWABLE ENERGY DIRECTIVEI share the strong concern expressed by YB Dato’ Sri Mah Siew Keong regarding the recent
decision by the European Parliament to phase out the use of palm oil by 2021 in the new EU Renewable Energy Directive.
This latest development is a clear case of discrimination against palm oil producing countries. It is also a regressive step which will fuel further uncertainty surrounding global trade. As more and more countries around the world embrace protectionism, many had hoped that the EU will provide the necessary leadership role to uphold the principles of free and fair trade.
For small trading nations such as Malaysia, this is a worrying development which together with the unfair labeling practices by the private sector in the EU Member States will adversely affect the livelihood of over 650,000 Malaysian oil palm smallholders. I urge the European private sector to be fair and not to be influenced by the vote in the European Parliament and the negative sentiment against our palm oil. Facts must prevail above unsubstantiated claims in this matter.
Malaysia is the world’s second largest exporter of palm oil and in 2016, 15.2% of our total exports of palm oil went to the EU – worth RM10.3 billion. The EU’s latest move is also a potential violation of the WTO rules as it is a deliberate attempt to block the access of palm oil into their market. Malaysia will intensify collaboration with other palm oil producing countries to consider more concerted efforts to voice our strong concern before the various committees under the WTO. More immediately, we will raise this issue at the Committee on Sanitary and Phytosanitary (SPS) and Committee on Technical Barriers to Trade (TBT) in March 2018 and Committee on Market Access in April 2018.
At the same time, MITI is currently chairing the meeting of technical experts of the Friends of Palm Oil (FPO) in Geneva to assess the possible impact from this latest development and explore further counter measures and actions. Our outreach efforts will also be enhanced to clarify the misperception related to Malaysian palm oil and these will include various lecture series as well as WTO informal dialogue on this issue in the coming months.
Malaysia is also seeking a comprehensive solution for the discriminatory treatment to palm oil based biofuels as compared to other crop based biofuels through the Malaysia-EU FTA (MEUFTA) negotiations, which we hope to relaunch sometime this year as well as the proposed ASEAN-EU FTA.
MITI will continue to work closely with the Ministry of Plantation Industries and Commodities (MPIC) to ramp up our engagement with the EU countries. We will continue to fight for a just solution in the best interest of our palm oil exporters and smallholders.
Dato’ Sri Mustapa Mohamed22 January 2018
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
I had successfully concluded my Trade and Investment Mission to Mumbai, India today. In conjunction with this mission, a roundtable meeting was held involving 60 key Indian investors and importers from 45 companies in Mumbai. They have expressed their interest to explore further business opportunities in Malaysia especially in the areas of pharmaceutical, textile, food processing, petrochemical and digital economy. With the facilitation provided by MITI through our agencies MIDA and MATRADE, we hope the collaboration between the two countries in these areas will be further intensified and numerous economic opportunities will be unlocked.
MEDIA STATEMENTTRADE AND INVESTMENT MISSION TO MUMBAI
The International Monetary Fund has projected India, with a GDP of USD2.3 trillion and population of 1.3 billion, to be the fastest growing economy in the world at least for the next two years. Its real GDP growth is expected to average at 7.5% until 2022 – driven by the expansion of its formal economy and increase in public infrastructure spending.
The Indian Government is also embarking on a number of key initiatives such as ‘Make in India’ which aims to raise the contribution of its manufacturing sector to 25% of GDP by 2025 as well as Digital India that is meant to improve internet connectivity and online infrastructure across the country.
This mission to Mumbai therefore is imperative to maintain our strong profile in India as well as to continuously showcase our economic success. Indian companies are bullish to explore further opportunities in Malaysia and they have cited our ease of doing business as one of the key factors. Moving ahead we must continue to remain visible and be connected to the world.
India is an important trading partner to Malaysia – our total trade stood at RM57 billion in the period of January-November 2017 (increased by 28% compared to similar period last year). On the investments front, our total stock of investments in India amounted to RM17.1 billion while Indian stock of investments in Malaysia is still relatively small.
Over the past decades, Malaysian companies have established a strong presence in India including in key sectors such as consumer products, construction, toll-roads and telecommunications. Scomi Engineering has launched the first phase of Mumbai Monorail, the first monorail in India in 2014, and the second phase will be completed in the coming months. In 1996, IJM has completed the construction of the National Highway 2 in the state of Bihar worth USD108 million. Meanwhile. IJM has also constructed India’s first modern integrated township development project through its ‘Raintree Park’ in Vijayawada.
I also had a meeting with Samarth Life Sciences in Mumbai. It is a globally renowned pharmaceutical company from India. The company has handed over its application letter for their planned investment worth RM200 million including the land in Sungai Petani, Kedah which they have bought earlier.
India is currently on the rise underpinned by economic reforms undertaken by its Government under Prime Minister Narenda Modi. Given the country’s vast potentials, we need to continue positioning Malaysia as the gateway for Indian companies to penetrate the ASEAN market. It is my hope that the momentum generated by the meetings today will result in greater economic cooperation between our two countries. Malaysia and India share similar commitments to economic liberalization and reforms, thus we should continue building upon our strong relationship to forge ahead.
Dato’ Sri Mustapa Mohamed23 January 2018
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
The Malaysian automotive industry demonstrated continuous holistic growth going into 2018, as the nation takes a detailed look at NAP2014’s fourth annual report card since the policy was announced in January 2014.
Minister of International Trade and Industry, Dato’ Sri Mustapa Mohamad briefed members of the media, fund managers, research houses, government officials and academics on a wide array of performance indicators of automotive industry growth at the Updates on the Automotive Industry 2017 and Outlook in 2018, held in Menara MITI, Kuala Lumpur today.
Energy Efficient Vehicle (EEV) penetration increased for its fourth straight year, reaching 52 percent of vehicles sold in Malaysia in 2017. This figure surpassed the 50 percent target of EEV penetration set by the government last year. EEV production also increased from 247,912 to 308,807 in 2016 and 2017 respectively.
“This continuous growth is a signal of growing awareness for EEVs within the Malaysian automotive sphere. The acceptance and awareness of energy efficiency is not a function for a single ministry, but signals the support and participation of all government institutions, automotive OEMs and vendors, as well as the public at large”, said Dato’ Sri Mustapa Mohamad.
Exports of automotive parts and components also is expected to see an increase in 2017, as the industry recorded total export value of RM9.3 billion as at October 2017. The Malaysia Automotive Institute (MAI) expects this figure to surpass the RM12 billion mark for 2017, higher that 2016 value of RM11.2 billion. In 2018, RM 12.5 billion is targeted for the exports of parts and components.
As at December 2017, localisation activities was valued at RM43.67 billion, with RM15 billion committed by the industry from 2018 to 2022.At the same time, exports of remanufactured parts and components recorded an increase to RM516.4 million as at November 2017, surpassing the RM510 million set in December 2016.
Dato’ Sri Mustapa further elaborated that the vastness of the industry requires a holistic outlook, as high value employment and business opportunities create significant impacts for Malaysians, which are often overlooked in favour of singular indexes, such as sales and production values.
RM3.99 billion in investments commitment was pledged by the industry between 2018 to 2022, in addition to the RM7.6 billion worth of investments realised as at 2017. Since the NAP2014 was announced, 27,125 new jobs were created as at Dec 2017, a 4.93 percent increase from the 25,850 recorded in 2016. Furthermore, 31 percent of the jobs created thus far comprise skilled and highly skilled employment – comprising technicians, executives, engineers and designers. This signifies the increasing perception that the automotive industry is a sector of career choice for school leavers and graduates, with 29,641 new jobs expected to be created in 2018.
Dato’ Sri Mustapa further added, “The growth of the automotive industry has created new career opportunities for Malaysians. Certified human capital programmes have been developed by the MAI since 2014, not only to allow faster penetration of skills into the industry, but at the same time address the pertinent issue of foreign worker replacement among industry players.”
Numerous MAI programmes have also contributed to significant increase in business productivity and growth. Vendor development programmes, such as the MAI Lean Production System (LPS) and Automotive Supplier
ME
DIA
RE
LEA
SE
Excellence Programme (ASEP) have created 522 vendors of at least Level 3 Vendor Capability Level, with 27 achieving Level 5 (vendor with R&D capability).
Furthermore, 34 vendors are already participating in the MAI Industry 4.0 Developmental program. So far, the program has produced 759 Virtual Reality (VR) specialists and 675 design & data analysts. In addition, 2 design centres have been established, where vendors and OEMs are currently utilising.
MAI Chief Executive Officer, Dato’ Madani Sahari said, “In line with the government’s vision to increase Industry 4.0 compliance among the domestic industry, MITI and MAI have taken the early initiative to develop the various programmes to elevate the capabilities of vendors and automotive talent in line with global trends and technology of higher complexity.”
“As at December 2017, we have implemented 8 out of 9 of the MAI Industry 4.0 pillars, and expect to complete the implementation by 2018”, he added. Dato’ Sri Mustapa also elaborated on the participation of Bumiputeras in the after sales sector. In 2017, 976 workshops underwent business transformation programmes towards higher competitiveness levels. He finally added that the government expects to see higher achievements in 2018, especially in line with future global trends in the sector, including electric and hybrid vehicle growth.
With the National Automotive Policy review expected to be announced in the middle of 2018, Dato’ Sri Mustapa further spoke on the government’s attention to trend developments beyond Energy Efficient Vehicles – such as intelligent mobility, transport systems, vehicle security and green cars technology.The event also saw the official announcement of the Malaysia Autoshow 2018 dates, officiated by the Minister of International Trade and Industry. This year, the Malaysia Autoshow will be held from 26th to 29th April 2018 – and for the second year running, will be held in the Malaysia Agro Expo Park Serdang (MAEPS).
The theme for this year’s edition of the autoshow is “360° Mobility Experience”. The 2018 Autoshow will feature a deeper experiential immersion for visitors in the areas of intelligent mobility and transportation systems. Dato’ Madani also explained, “Another key feature of the Malaysia Autoshow 2018 is the Intelligent Mobility experience (iMEX) arena. This space will demonstrate the aspects of connectivity within the larger context of mobility.” The visitors can experience the enhanced features of vehicles virtually through the application of augmented reality, such as the integration of virtual objects with the real environment, he elaborated.
MAI Chairman, Datuk Phang Ah Thong added, “This year, we aim to attract 350,000 visitors, a significant increase of the 252,322 we saw in attendance at the Malaysia Autoshow 2017.”“We believe that the additions lined up for visitors at this year’s Autoshow will further increase public participation and awareness of the importance of the automotive industry to the country”, he added.
AUTOMOTIVE OUTLOOK 2018 – HOLISTIC INDUSTRY GROWTH CONTINUES AS
NATIONAL AUTOMOTIVE POLICY 2014 (NAP2014) ENTERS FIFTH YEAR
Source:Ministry of International Trade & Industry
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MalaysiaWholesale & Retail Trade Index, November 2017
Index Of Wholesale & Retail Trade By Sub-SectorJanuary 2016- November 2017
Note: % refers to year-on-year change
Source: Department of Statistics, Malaysia
144.0
158.8
119.9124.5
151.7
169.1
145.7
162.0
100
120
140
160
180
Jan
Feb
Mar
Apr
May Jun
Jul
Aug
Sep Oct
Nov
Dec
Jan
Feb
Mar
Apr
May Jun
Jul
Aug
Sep
Oct
Nov
2016 2017
Index of Wholesale & Retail Trade Index of Motor Vehicles Index of Wholesales Trade Index of Retail Trade
Index
Wholesale & Retail Trade Index 7.3% Nov 2017 Nov 2016
158.8 148.0
Index of Motor VehiclesNov 2017 Nov 2016
124.5 123.3
0.9%
Index of Wholesales TradeNov 2017 Nov 2016
169.1 156.5
8.0%
Index of Retail TradeNov 2017 Nov 2016
162.0 149.4
8.4%
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Wholesale & Retail Trade Performance 2011 - November 2017
2012RM836.4bil
2011RM793.2bil
2013RM881.4bilSales
Value 2014RM951.2bil
Nov 2016RM89.7bil
2015RM1,007.4bil
2016RM1,061.5bil
Nov 2017RM97.7bil Growth
9.0%
Motor Vehicles
Wholesale Trade
Retail Trade
Nov 2017RM12.0bil
Nov 2017RM47.7bil
Nov 2017RM38.1bil
Nov 2016RM34.4bil
Nov 2016RM43.6bil
Nov 2016RM11.7bil
2.5%
9.6%
10.5%
Source: Department of Statistics, MalaysiaNote: % refers to year-on-year change
MITI Weekly Bulletin | www.miti.gov.my
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
International Report
1
23
5
4
IndiaUSD 17.2 Million
JapanUSD 9.4 Million
Chinese TaipeiUSD 8.2 Million
PhilippinesUSD 2.1 Million
ChinaUSD 1.9 Million
Notes : * HS6D 440341Source:http://www.trademap.org/Index.aspx
Malaysia as the largest exporter of Dark reD Meranti, light reD Meranti
anD Meranti Bakau WooD*, 2016
USD 0.9Mil
USD 0.6Mil
USD1.3Mil
USD 0.2mil
1stMalaysia
Singapore
Papua New Guinea France Lao PDR
top 5export Destinations
USD39.6Mil
2nd
3rd 4th5th
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
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50
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17 D
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24 D
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31 D
ec
7 Ja
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of C
ertif
icat
e of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,00029
Oct
5 N
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12 N
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19 N
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26 N
ov
3 D
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10 D
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17 D
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24 D
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31 D
ec
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14 J
an
No.
of C
ertif
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e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
500
1,000
1,500
2,000
2,500
29 O
ct
5 N
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12 N
ov
19 N
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26 N
ov
3 D
ec
10 D
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17 D
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24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
29 O
ct
5 N
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19 N
ov
26 N
ov
3 D
ec
10 D
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17 D
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24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
0
20
40
60
80
100
120
140
29 O
ct
5 N
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12 N
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19 N
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26 N
ov
3 D
ec
10 D
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17 D
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24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
700
800
900
1,000
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
1,600
0
20
40
60
80
100
120
140
160
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
MITI Weekly Bulletin | www.miti.gov.my
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
20
40
60
80
100
120
140
160
180
200
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
140
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
140
0
5
10
15
20
25
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
50
100
150
200
250
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
0
10
20
30
40
50
60
70
80
90
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
50
100
150
200
250
300
350
29 O
ct
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - December 2017
US Dollar
Philippine Peso
Vietnamese Dong
Hong Kong Dollar
Indonesian Rupiah
Indian Rupee
4.3481
3.9045
4.4615
4.0780
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
USD 1 = RM
9.1465
8.4278
8.9685
8.0969
7.40
7.60
7.80
8.00
8.20
8.40
8.60
8.80
9.00
9.20
9.40
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
PHP 100 = RM
0.0194
0.0175
0.0197
0.0180
0.0160
0.0165
0.0170
0.0175
0.0180
0.0185
0.0190
0.0195
0.0200
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
VND 100 = RM
55.8927
50.3380
57.5002
52.1844
46.00
48.00
50.00
52.00
54.00
56.00
58.00
60.00
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017RM
HKD 100 = RM
0.0313
0.0296
0.0334
0.0301
0.027
0.028
0.029
0.030
0.031
0.032
0.033
0.034
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec2016 2017
RM
IDR 100 = RM
6.4609
5.8723
6.8277
6.3439
5.20
5.40
5.60
5.80
6.00
6.20
6.40
6.60
6.80
7.00
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
INR 100 = RM
MITI Weekly Bulletin | www.miti.gov.my
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Commodity Prices
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
CRUDE PETROLEUM (BRENT)-per bbl-
19 Jan 2018 : US$68.6, 1.8%*Average Pricei : 2017: US$55.0 2016: US$45.3
CRUDE PALM OIL-per MT-
19 Jan 2018 : US$678.0, 1.4%*Average Pricei : 2017: US$719.7 2016: US$702.2
RUBBER SMR 20-per MT-
19 Jan 2018 : US$1,536.5, 0.9%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-19 Jan 2018 : US$64.6, 0.3%Average Pricei : 2017: US$57.2 2016: US$45.6
COCOA SMC 2-per MT-
19 Jan 2018 : US$1,384.5, 3.7%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS-per MT-
19 Jan 2018 : US$420.0 (high), unchanged US$400.0 (low), unchangedAverage Pricei : 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest 12 Jan 2018 : US$69.9 29 Dec 2017 : US$66.9
Lowest
5 Jan 2018 : US$67.6
23 June 2017 : US$45.5
Crude Petroleum
(Brent)-per bbl-
Highest 12 Jan 2018 : US$687.5 20 Jan 2017 : US$843.0
Lowest
30 June 2017 : US$650.0 5 Jan 2018 : US$675.6
Crude Palm Oil -per MT-
Domestic Prices19 Jan 2018
Steel Bars(per MT)
RM2,650 – RM2,800
Billets(per MT)
RM2,400 – RM2,450
SUGAR -per lbs-12 Jan 2018 : US¢ 13.3, 6.6%*Average Pricei : 2017: US¢15.8 2016: US¢18.2
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
733.0 731.0 734.0
714.0
692.5 693.0
676.5
661.0656.7
675.6
687.5
678.0
600
620
640
660
680
700
720
740
760
3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/mt
Crude Palm Oil
1,488.5
1,561.9
1,501.71,517.2
1,443.6
1,259.8
1,320.6
1,320.11,329.4
1,301.8
1,334.8
1,384.5
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/mt
Cocoa
14.4
15.0
15.415.5
15.0
14.1
13.7
14.6
15.215.1
14.2
13.3
12.0
12.5
13.0
13.5
14.0
14.5
15.0
15.5
16.0
3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US¢
/lbs
Sugar
1,413.5 1,412.5
1,376.5
1,428.0
1,397.0
1,416.5
1,462.0
1,425.5
1,452.5 1,456.0
1,523.5
1,536.5
1,300
1,350
1,400
1,450
1,500
1,550
3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/mt
Rubber SMR 20
6,90
0 7,08
8
7,11
3 7,28
1
6,91
7
6,85
1
6,73
0
6,33
7
6,08
5
5,96
5
4,51
6
3,98
4
4,36
6 4,60
5
4,17
0 4,47
4
4,46
3
3,97
4
2,95
0
3,47
6
4,11
4
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017
USD
/ to
nne
Black Pepper
MITI Weekly Bulletin | www.miti.gov.my
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
64.464.5
64.2
62.6
65.0 65.0 65.0 65.0
65.365.2
64.464.6
61.0
61.5
62.0
62.5
63.0
63.5
64.0
64.5
65.0
65.5
66.0
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/t
Coal
1,48
1 1,53
11,53
1 1,57
11,55
1 1,59
4 1,62
9 1,
639
1,59
21,
666
1,73
7 1,
728 1,
791
1,86
1 1,90
1 1,
921
1,91
3 1,88
51,
903
2,03
0 2,09
6 2,13
1 2,
097
2,08
0
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$/
tonn
e
Aluminium4,
472 4,59
94,95
44,
873
4,69
54,
642 4,
865
4,75
24,
722
4,73
1 5,45
1 5,66
05,75
5 5,94
15,82
55,68
45,60
0 5,72
05,98
56,
486
6,57
7 6,80
8 6,
827
6,83
4
4,000
4,500
5,000
5,500
6,000
6,500
7,000
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$/
tonn
e
Copper
8,50
78,
299 8,
717
8,87
9 8,
660 8,92
8 10
,263
10
,336
10
,192
10
,260
11
,129
10
,972
9,
971
10,6
43
10,205
9,
609
9,15
58,
932
9,49
1 10
,890
11
,216
11
,336
11,9
72
11,495
7,000
8,000
9,000
10,000
11,000
12,000
13,000
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$/
tonn
eNickel
55.656.7 56.6
59.0 58.457.4 57.3
58.5
60.461.4
64.363.4
62.163.5
62.763.9 63.7 63.4 63.2
65.366.9
67.6
69.968.6
40
45
50
55
60
65
70
75
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/bbl
Crude Petroleum
CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl
Commodity Price Trends
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
930.0941.0 940.0
933.0 937.0
895.0885.0
930.0940.0
969.0
940.0
1,014.0
800.0
850.0
900.0
950.0
1,000.0
1,050.0
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/oz
Platinum
340.0
320.0 320.0
330.0
350.0 350.0 350.0
395.0390.0 390.0
420.0 420.0
320.0
300.0 300.0
310.0
340.0 340.0 340.0
380.0 380.0 380.0
400.0 400.0
250
270
290
310
330
350
370
390
410
430
450
3 Nov 10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/mt
Scrap Iron
ScrapIron/MT(High)ScrapIron/MT(Low)
41.88 46
.83
56.20 60
.92
55.13
51.98 57
.26 60.89
57.79
59.09
73.10
80.02
80.41
89.44
87.65
70.22
62.43
57.48
67.74
76.07
71.53
61.66 64.24
72.25
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$
/dm
tu
Iron Ore
17.2
17.117.2
17.1
16.4
15.8
16.1
16.3
17.0
17.3
17.117.1
15.0
15.5
16.0
16.5
17.0
17.5
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/oz
Silver
40.7
41.3 41.341.5
41.0
40.240.3
40.7
41.5
42.4
42.7
42.9
38.5
39.0
39.5
40.0
40.5
41.0
41.5
42.0
42.5
43.0
43.5
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan
US$
/oz
Gold
Commodity Price Trends
MITI Weekly Bulletin | www.miti.gov.my
14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI PROGRAMMEUPDATES ON THE AUTOMOTIVE INDUSTRY 2017
AND OUTLOOK IN 2018, 18 JANUARY 2018
MITI Weekly Bulletin | www.miti.gov.my
15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MITI PROGRAMMESESI TOWN HALL KSU
17 Januari 2018
16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI PROGRAMMEPerhimpunan Bulanan MITI & Agensi
11 Januari 2018
MITI Weekly Bulletin | www.miti.gov.my
17MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI PROGRAMMECSR Kadet PTD MITI
19-20 Januari 2018, Jeli Kelantan
18MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source: http://www.miti.gov.my/index.php/glossary
Applied TariffThe tariff levied on an imported good.
Arrival ContractSales/purchase contract where seller’s responsibility ends when goods have arrived at agreed place.
ASEANAssociation of Southeast Asian Nations - the aims and purposes are to accelerate economic growth, social progress and cultural development; to strengthen cooperation and mutual assistance; and to ensure peace and stability in the region (Bangkok Declaration). ASEAN comprises 10 countries in Southeast Asia, including the five founding members, namely Indonesia, Malaysia, Thailand, Philippines, Singapore, and five others: Brunei, Vietnam, Laos, Myanmar and Cambodia. Established on 8 August 1967.
ASEAN Comprehensive Investment Agreement (ACIA)A hybrid of revising and merging the ASEAN Investment Area (AIA) and Investment Guarantee Agreements (IGA) into a single comprehensive ASEAN investment agreement.
ASEAN Economic Community Blueprint 2015A Blueprint for identifying the characteristics and elements of the AEC by 2015.
Signed in November 2007, as the first ASEAN Economic Community (AEC) Blueprint, it has served as a comprehensive master plan to chart the region’s journey towards the formal establishment of the AEC on 31 December 2015.
Under this Blueprint, the AEC is built on four interrelated and mutually-reinforcing characteristics: (a) a single market and production base, (b) a highly competitive economic region, (c) a region of equitable economic development, and (d) a region fully integrated into the global economy. (Refer to Factsheets on AEC Blueprint 2015 for details)
ASEAN Economic Community Blueprint 2025A Blueprint which was adopted by the ASEAN Leaders at the 27th ASEAN Summit on 22 November 2015 in Kuala Lumpur, Malaysia, succeeding the AEC Blueprint (2008-2015).
Provides broad directions through strategic measures for the AEC from 2016 to 2025.
Along with the ASEAN Community Vision 2025, and the ASEAN Political-Security Community (APSC) Blueprint 2025 and the ASEAN Socio-Cultural Community (ASCC) Blueprint 2025, the AEC Blueprint 2025 forms part of ASEAN 2025: Forging Ahead Together. (Refer to Factsheets on AEC Blueprint 2025 for details)
ASEAN Economic Community CouncilAEC Council will monitor the progress of the implementation of the AEC Blueprint 2015 and 2025 and to ensure putting in place the requisite implementation mechanisms and monitoring frameworks to ensure effective operationalization.
ASEAN Framework Agreement on Services (AFAS)An agreement to work towards free flow of trade in services within the region. It aims to substantially eliminate restrictions to trade in services among ASEAN countries in order to improve the efficiency and competitiveness of ASEAN services suppliers.
19MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Investment Incentives Portal (i-Incentives)I-Incentives is a portal that provides information on investment incentives offered by the Federal Government of Malaysia. The incentives information stored in the portal cater for all three sectors of the economy; manufacturing, services and primary. They also cover all types of incentives offered by the Federal Government; tax exemptions, grants, soft loans and other types of incentives such as equity funding, regional establishment status, training and other facilitation programmes.
The portal has been developed by Incentive Coordination and Collaboration Office (ICCO) in MIDA with the aim to improve the central coordination of all incentive offerings. This initiative is to enhance the effectiveness of the government’s incentive mechanism by increasing transparency, eliminating duplication and linking investment incentives to performance.
Visit i-Incentives portal at https://incentives.mida.gov.my
Contacts:
S.SivaDirectorIncentive Coordination and Collaboration Office (ICCO)
Level 19, MIDA Sentral No.5, Jalan Stesen Sentral 5 Kuala Lumpur Sentral 50470 Kuala Lumpur
E: icco@mida.gov.my, siva@mida.gov.my
T: +603-22673502
AnnouncementMITI Weekly Bulletin | www.miti.gov.my
20MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Announcement
Please be informed that the Ministry of International Trade and Industry, (MITI) Malaysia in collaboration with the Ministry of Economy, Trade and Industry, (METI) Japan will be organising an export control seminar as per details below:
Date : 23 January 2018 (Tuesday)Time : 8.30 a.m - 3.30 p.mVenue : Intercontinental Kuala Lumpur
2. The seminar is intended to promote better compliance of export control and effective implementation of the Strategic Trade Act 2010 (STA). This seminar which is expected to host 150 representatives from government agencies and various industries in Malaysia will be a platform to provide guidance on the latest developments and initiatives by the relevant authorities in Malaysia and Japan.
3. Should you wish to participate, kindly register your attendance at this link: https://docs.google.com/forms/d/e/1FAIpQLScyh8NKNfU_SUYbHGgyzjhg0X0vjN2RkYMBStoBCbDzJVdElw/viewform?usp=sf_link
4. You may contact Ms. Nur Liyana Alwi (email: liyana.alwi@miti.gov.my) or Ms. Alice Simbun (email: alice@miti.gov.my) for further inquiries.
Thank you.
NOTIFICATION ON THE IMPLEMENTATION OF e-FORM D ATIGA VIAASEAN SINGLE WINDOW (ASW) PLATFORM BY MALAYSIA – LIVE OPERATION PHASE
Pursuant to the notification on the implementation of e-form D ATIGA via ASW platform for live implementation phase (kindly refer to the link http://www.miti.gov.my/index.php/pages/view/3794), it is a pleasure to inform that Malaysia will be joining the live operation e-form D ATIGA phase starting 1 January 2018.Exporters are encouraged to use the e-form D ATIGA for preferential treatment under ATIGA during import clearance by importer for exportation to Indonesia, Singapore, Thailand and Vietnam.Attached herewith is the slide on ‘e-form D ATIGA via ASW platform’ as reference. For any further queries, please contact the help desk e-form D ATIGA: 03-6208 4747/4748/4749
Thank you.DirectorTrade and Industry Cooperation SectionMinistry Of International Trade and Industry18 December 2017
MITI Weekly Bulletin | www.miti.gov.my
21MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Announcement
Withholding TaxFor more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40
Industry 4.0For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559
MITI Weekly Bulletin | www.miti.gov.my
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