Weekly MINISTRY OF INTERNATIONAL TRADE AND ... Weekly...namely steel wire rod, tin plate, hot rolled coils, cold rolled coils, pre-painted color coated steel coils, cold rolled stainless

1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

VOLUME 508

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N30 October 2018 | NO. ISSN : 2180-0448

Med

ia R

elea

se

POTENTIAL INVESTMENT INTO MALAYSIA - DISCUSSION WITH LEADING THAI CONGLOMERATE28 OCTOBER 2018

On my visit to Thailand accompanying Prime Minister Tun Dr Mahathir Mohamad during his state visit, I joined the Prime Minister in a courtesy call by Tan Sri Charoen Sirivadhanabhakdi, chairman of the established Thai conglomerate TCC Group. It is one of the foreign conglomerate that have a significant presence in Malaysia with business spanning several industries including properties, food and beverages, consumer goods and trading.

During the courtesy call, Tan Sri Charoen praised Tun Dr Mahathir for his eye on identifying young talents and his willingness to guide them with his sage-like vision, which is said to bring more trade and connectivity.

Tun Dr Mahathir reiterated his welcome for all foreign companies including from Thailand to invest in Malaysia, and will ensure the ease of doing business. By cooperating, companies from both Malaysia and Thailand stand to learn from each other resulting in mutual growth. He remarked that both countries have incredible opportunities to further excel.

Tun Dr Mahathir expressed his confidence towards TCC Group, and stated that the group can contribute towards making Malaysia a developed country. Both sides pledged collaboration to contribute towards the betterment of the country.

It was also discussed that Penang has a huge potential just like Singapore but due to issues of security in the Southern Thai provinces, it impacted the state development. The southern border is very valuable, both sides agreed, and with superior amount of prospective, once the area is developed both Malaysia and Thailand can boost trade.

Tan Sri Charoen acknowledged that the Fraser's Property, a subsidiary under TCC Group has undertook initial steps to look into possible investment in TRX. His son, Mr Panote Sirivadhanabhakdi will lead Fraser's team and further engage with MITI. Nevertheless, his group is going to invest more in Malaysia via Big C, a popular chain of hypermarket in Thailand. Development of its store is planned to commence soon in Kedah.

In addition, Tan Sri Charoen mentioned that TCC Group is committed to improve tourists experience through

its ownership of a series of hotel chains worldwide under Meridien, Marriott and others. Since Malaysia has always been a popular tourist destination, it's only natural for both sides to seek cooperation to further boost tourism. Tun Dr Mahathir commented that Malaysia is an incredibly beautiful place and tourist number will continue to increase, hence the importance to ensure their safety as they will bring wealth to the country.

I'm proud that my first meeting with Tan Sri Charoen last month is followed up by one with the Prime Minister. It's significant in two ways — first, the meeting showcased the Prime Minister's commitment to help bringing more quality investments into Malaysia and secondly, foreign investors exhibit great confidence in setting foot and investment in our country. It proves that the economic environment in Malaysia remains conducive for foreign investors.

YB Datuk Darell LeikingMinister of International Tradeand Industry (MITI) 28 October 2018


MITI Weekly Bulletin | www.miti.gov.my

Med

ia R

elea

seThe Ministry of International Trade and Industry (MITI) takes note of the article on ‘CRC Players Losing Patience with Government Inaction’ in The Edge, 29 October 2018.

The Ministry has engaged with cold rollers several times since April 2017 to address their concerns especially on the surge of imports of cold roll coils and have taken several actions to address the concerns. For instance, the Government has suspended the ATIGA preferential for all CRC imports from Vietnam and conducted retroactive checks, based on the allegation by the cold rollers that CRC imported from Vietnam are not meeting the origin criteria. MITI has also met the industry players several times recently to discuss on ways to address these concerns.

MITI would like to highlight that trade remedies are instruments to defend the interest of the domestic industry from unfair trade practices. In this regard, the Government may initiate an investigation or a review to determine the existence, degree and effect of any alleged dumping upon the submission of a written petition by the domestic industry producing the like product. There are timelines to be followed based on existing laws and regulations. All anti-dumping and review investigations has to be carried out within 270 days and 180 days respectively.

Since 2006, Malaysia has initiated 7 anti-dumping investigations on iron and steel products namely steel wire rod, tin plate, hot rolled coils, cold rolled coils, pre-painted color coated steel coils, cold rolled stainless steel and galvanised iron, whereby 6 of this measures are still in force.

To encourage more local purchase of CRC, MITI had also facilitated a discussion between the CRC producers and the galvanisers/coaters in March 2018 to find a way forward for all parties, where the users gave the commitment to support the CRC producers and buy more locally. Nevertheless, the final decision on purchase of any product is a business decision where the Government cannot intervene.

On import duty exemption approvals, all applications are deliberated thoroughly in a Special Committee chaired by MITI. Major domestic producers are well-represented in the Committee to confirm local availability. Import duty exemption is granted only after industry representatives in the Special Committee confirm that:I. the grades and specifications are not produced locally:II. raw materials to produce finished products which have nil duty; and III. raw materials not produced locally in Sabah and Sarawak.

Duty exemptions are not being given to traders, selected importers or those not even involved in manufacturing as claimed by the CRC players.

The issuance of Approved Permit for HS7225, which covers CRCs, is automatic and solely for monitoring and data collection purposes. The Government is in the midst of developing Malaysian Standards on HS7225 to ensure quality and safe imports into Malaysia.

The Government remains cognisant that the industry is facing various challenges over the years to remain competitive and relevant, due to factors such as influx of imports, overcapacity and import substitutions. In addressing these issues and challenges, the Government has made various policy adjustments to facilitate the industry, as part of the ‘shared responsibility’ approach we have undertaken since June 2012. MITI will continue to monitor current development and undertake necessary actions in accordance with the national laws and legislations, including responding to any dumping activities carried out by companies in countries impacted by the recent increase in the US and EU tariffs on steel products.

The Government has always treated the industry’s interest with utmost priority and attentiveness. Consolidated proposals or feedback based on consultation among the iron and steel industry are welcomed through the existing mechanism under the Malaysia Steel Council (MSC) chaired by YB MITI Minister. During the recent MSC Meeting held on 22 October 2018, the Iron & Steel industry was urged to work together to develop a White Paper on Way Forward for the Iron & Steel Industry. Industry inputs and collaboration is needed for the Government to formulate a holistic iron and steel policy that addresses every level of the value chain.

Ministry of International Trade and Industry (MITI)

Response to Article Published by The Edge dated 29 October 2018



Mal

aysi

a St

atis

tics

Consumer Price Index (CPI), September 2018

Note : - % change year-on-year

Inflation rate for main groups, September 2018 / 2017

CPI September 2018 increased 0.3% as compared to September 2017 +0.3%

120.1120.5

Sept 2018 Sept 2017

Food & Non-Alcoholic Beverages

0.5%

Transport

0.3%

-0.2%

-0.2%

1.1%

Health

-0.8%

-3.0%

-0.9%

-3.2%

-1.6%

2.1%

1.1%

Furnishings, Household Equipment & Routine

Household Maintenance

Recreation Services & Culture

Restaurants & Hotels

Housing, Water, Electricity, Gas &

Other Fuels

Education

Miscellaneous Goods & Services

Alcoholic Beverages & Tobacco

Clothing & Footwear

Communication

Source: Department of Statistics, Malaysia



Mal

aysi

a S

tati

stic

sM

alay

sia

Stat

isti

cs


Trade Performance for the Month of July 2018 and the Period of January- July 2018 Information and Communication Technology

Satelite Account, 2017 Information and Communication

Technology (ICT) contributed 18.3% to national economy

Trade Performance for the Month of July 2018 and the Period of January- July 2018Contribution of ICT to economy2012-2017

The main industrycontributors of ICT

gross domestic Product



Employment of the ICT industry increased to 1.09 million persons

Contribution of e-commerce to GDP

6.3%RM85.8 billion

Mal

aysi

a St

atis

tics

Trade Performance for the Month of July 2018 and the Period of January- July 2018Value added and contribution of

e-commerce to GDP 2017

Trade Performance for the Month of July 2018 and the Period of January- July 2018Value added and contribution of

e-commerce to GDP , 2012 - 2017




Inte

rnat

iona

l St

atis

tics

Malaysia was RANKED NUMBER ONE exporter for dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled,

whether or not planed, sanded or end-jointed, of a thickness of > 6 mm*, in 2017

Notes : - % Share in Malaysia’s export - *Refers to HS 440725Source: http://www.trademap.org/Index.aspx

NETHERLANDSUS$ 36.9 M

32.0 %

UNITED KINGDOMUS$ 11.9 M

10.3%

BELGIUMUS$ 8.2 M

7.1 %

PHILIPPINESUS$ 7.9 M

6.9 %

GERMANYUS$ 7.4 M

6.4 %

MALAYSIA

GERMANY

INDONESIA

UNITED ARABEMIRATES

BELGIUM

US$ 115.4 M83.3 %

US4$ 4.7 M3.4 %

US$ 3.6 M2.6 %

US $ 2.9 M2.1 %

US$ 2.5 M1.8 %

Malaysia’s TOP FIVE EXPORTS DESTINATIONS for Dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or

end-jointed, of a thickness of > 6 mm*, in 2017

Notes : - % Share in world exports



Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

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

1,000

2,000

3,000

4,000

5,000

6,0005

Aug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

3,000

0

200

400

600

800

1,000

1,200

1,400

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

0

50

100

150

200

250

300

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

1,600

0

20

40

60

80

100

120

140

160

180

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)




Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

700

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)


0

2

4

6

8

10

12

14

16

18

0.00

0.10

0.20

0.30

0.40

0.50

0.60

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

10

20

30

40

50

60

70

80

90

100

0

5

10

15

20

25

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

500

0

20

40

60

80

100

120

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

80

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

0

20

40

60

80

100

120

140

160

180

200

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

14 O

ct

21 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia



Source : Bank Negara, Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - August 2018

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

4.4460

3.9644

4.1396

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

USD 1 = RM

8.8922

7.5853

7.6708

6.50

7.00

7.50

8.00

8.50

9.00

9.50

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

PHP 100 = RM

0.0196

0.0174

0.0177

0.0155

0.0160

0.0165

0.0170

0.0175

0.0180

0.0185

0.0190

0.0195

0.0200

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

VND 100 = RM

57.2950

50.5118

52.8243

44.00

46.00

48.00

50.00

52.00

54.00

56.00

58.00

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018RM

HKD 100 = RM

0.0333

0.0278

0.025

0.026

0.027

0.028

0.029

0.030

0.031

0.032

0.033

0.034

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p2018

RM

IDR 100 = RM

6.6340

6.6971

5.90165.7378

5.00

5.20

5.40

5.60

5.80

6.00

6.20

6.40

6.60

6.80

7.00

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

INR 100 = RM



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-

2.7%*US$77.6

26 Oct 2018

CRUDE PALM OIL -per MT-

1.0%*US$536.5

26 Oct 2018

RUBBER SMR 20 -per MT-

1.4%*US$1,315.0

26 Oct 2018

COCOA SMC 2 -per MT-

2.8%* US$1,508.1 26 Oct 2018

COAL -per MT-

0.2%*US$77.6

26 Oct 2018

SUGAR -per lbs-

0.4%*US¢13.8

26 Oct 2018

SCRAP IRON HMS -per MT-

%*US$380.0

(high)

22 Oct 2018

%*US$350.0

(low)

29 Dec 2017 : US$66.9

Highest2017/2018

5 Oct 2018 : US$84.2

9 Feb 2018 : US$62.8 23 June 2017 : US$45.5

Lowest2017/2018

20 Jan 2017 : US$843.0

Highest2017/2018

9 Mar 2018 : US$691.5

24 Aug 2018 : US$532.5 30 June 2017 : US$650.0

Lowest2017/2018

Average Price 2017 i : US$55.0 Average Price 2017 i : US$719.7

Average Price 2017 i : US$1,646.6 Average Price 2017 i : US$1,439.0 Average Price 2017 i : US¢15.8

Average Price 2017 i : US$314.5Average Price 2017 i : US$57.2

Domestic Prices26 Oct 2018

Steel Bars(per MT)

RM2,350– RM2,500

Billets(per MT)

RM2,150– RM2,250



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.

1,311.41,303.6

1,423.5

1,448.6 1,472.2 1,472.9 1,476.6

1,376.6

1,350.9

1,419.6

1,466.3

1,508.1

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct

US$

/mt

Cocoa

2,1902,152 2,150

1,984

1,868 1,866 1,871

1,825 1,812 1,808 1,806 1,798

1,500.0

1,600.0

1,700.0

1,800.0

1,900.0

2,000.0

2,100.0

2,200.0

2,300.0


US$

/mt

Pepper

1,349.0

1,339.5

1,373.5

1,349.0

1,322.5

1,336.51,340.5

1,335.01,339.5

1,344.5

1,333.5

1,315.0

1,280

1,290

1,300

1,310

1,320

1,330

1,340

1,350

1,360

1,370

1,380


US

$/m

t

Rubber SMR 20

67.665.9

68.769.8

67.869.0

70.8

73.374.3

71.3

69.167.6

72.871.8

75.877.4 76.8

78.1 78.8

82.784.2

80.4 79.8

77.6

50

55

60

65

70

75

80

85

90


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

570.5569.0

545.0 545.0

562.5

566.5

558.0

532.5

547.5548.5

542.0

536.5

530

535

540

545

550

555

560

565

570

575


US$

/mt

Crude Palm Oil

10.5

10.2 10.2

10.6

11.0

12.0

11.7

11.2

12.6

13.1

13.9 13.8

10.0

10.5

11.0

11.5

12.0

12.5

13.0

13.5

14.0

14.5


US

¢/lb

s

Sugar



15.3

14.6

14.9

14.6

14.2 14.1

14.4

14.714.6 14.6 14.7

14.7

13.4

13.6

13.8

14.0

14.2

14.4

14.6

14.8

15.0

15.2

15.4

10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct 19-Oct 26-Oct

US$

/oz

Silver

39.0

38.0

38.5 38.5 38.6

38.6 38.5

38.2

38.7

39.2

39.5

39.7

37.0

37.5

38.0

38.5

39.0

39.5

40.0


US$

/oz

Gold

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.

1,86

1

1,90

1

1,92

1

1,91

3

1,88

5

1,90

3

2,03

0 2,09

6

2,13

1

2,09

7

2,08

0

2,21

0

2,18

2

2,06

9

2,25

5 2,30

0

2,23

8

2,08

2

2,05

2

2,02

6

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

2018

US$

/ to

nn

e

Aluminium

5,94

1

5,82

5

5,68

4

5,60

0

5,72

0

5,98

5

6,48

6

6,57

7 6,80

8

6,82

7

6,83

4 7,06

6

7,00

7

6,79

9

6,85

2

6,82

5 6,96

6

6,25

1

6,05

1

6,05

1

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

2018

US$

/ to

nn

e

Copper

10,6

43

10,2

05

9,60

9

9,15

5

8,93

2 9,49

1

10,8

90

11,2

16

11,3

36

11,9

72

11,4

95

12,8

65 13

,596

13,3

93

13,9

38

14,3

66 15

,106

13,7

94

13,4

11

12,5

10

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

2018

US$

/ to

nn

e

Nickel

Commodity Price Trends

89

.44

87

.65

70

.22

62

.43

57

.48

67

.74

76

.07

71

.53

61

.66

64

.24

72

.25 7

6.3

4

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56

67

.15

68

.44

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

2018

US$

/dm

tu

Iron Ore

833.2

780.3

792.8790.4

783.3

801.2

832.9

822.4824.5

840.0836.0 834.4

750.0

760.0

770.0

780.0

790.0

800.0

810.0

820.0

830.0

840.0

850.0


US

$/o

z

Platinum

380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0

360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0

350.0 350.0

300

310

320

330

340

350

360

370

380

390

27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct

US

$/m

t

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

65.3 65.4

66.7

70.070.6

71.6 71.8

75.6

77.8 77.5 77.4 77.6

58.0

60.0

62.0

64.0

66.0

68.0

70.0

72.0

74.0

76.0

78.0

80.0


US

$/t

Coal



MIT

I PR

OG

RAM

MES

Malaysia aerospace industry seminar Kota Kinabalu, Sabah

28 October 2018



MIT

I PR

OG

RAM

MES

MITI Deputy Minister launched Inovation Day 2018 26 October 2018



MIT

I PR

OG

RAM

MES

Malaysian Prime Minister Tun Dr Mahathir Mohamad official visit to Thailand, 24-25 October 2018



Announcements

Issuance of APEC Business Travel Card is temporarily suspended

Immigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.

Kindly refer:

http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-notice-of-apec-card-production-suspended-time.html

For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf

PROGRAMME



Announcements

Tentative Schedule for MITI Pocket Talks 2018

No. Date Venue Topic

1 14-Nov MITI Sabah

Introduction to FTA & Preferential Certificate of Origin (PCO)

2 5-Dec MITI HQ


3 12-Dec MITI Sarawak


Please click here to register

For more information, kindly click the following links:http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_

Vintage_English.pdf



MITI Weekly Bulletin (MWB) Mobile AppsMITI MWB APPs is now available for IOS, Android and Windows platforms. MWB APPs can be download from Gallery of Malaysian Government Mobile APPs (GAMMA) at the link: http://gamma.malaysia.gov.my/#/appDetails/85

Dear Readers,

Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13

MITI Geneva @ Your ServiceName : Monika ZubekovaDesignation : Customer Service Officer MITI GenevaContact No : 4179-5033183Email : monika.zubekova

MITI Weekly Bulletin wishes to convey our deepest condolences

to families and loved ones of the illfated Lion Air Flight 610

29 October 2018

Al-fatihah &

Condolences...

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Weekly MINISTRY OF INTERNATIONAL TRADE AND ... Weekly...namely steel wire rod, tin plate, hot rolled coils, cold rolled coils, pre-painted color coated steel coils, cold rolled stainless