22 February 2015 | No. ISSN: 2180-0448 Joint … · 2016 Index of Economic Freedom Hong Kong 89.6...

MITI WEEKLYMINISTRY OF INTERNATIONAL

TRADE AND INDUSTRY

22 February 2015 | No. ISSN: 2180-0448

VOLU

ME 37

5

Joint Statement of the U.S.-ASEAN Special Leaders’ Summit: Sunnylands Declaration

Sunnylands, CaliforniaFebruary 15-16, 2016

We the Heads of State/Government of the Member States of the Association of Southeast Asian Nations (ASEAN) and the United States of America gathered in Sunnylands, California, on February 15-16, 2016, for a Special Leaders Summit. This Special U.S.-ASEAN Leaders Summit was the first ever to be held in the United States and the very first Summit following the establishment of the ASEAN Community.

The Summit marked a watershed year for both ASEAN and for the increasingly close U.S-ASEAN. strategic partnership. In 2015, ASEAN Member States celebrated the establishment of the ASEAN Community, working together toward an ASEAN that better serves the people of Southeast Asia.

At our Summit in Kuala Lumpur in November 2015, we elevated the U.S.-ASEAN relationship to a strategic partnership, recognizing the transformation of our relationship over the past several years. On the occasion of this Special Summit, we the Heads of State/Government of the Member States of ASEAN and the United States of America take this opportunity to reaffirm the key principles that will guide our cooperation going forward:

1. Mutual respect for the sovereignty, territorial integrity, equality and political independence of all nations by firmly upholding the principles and purposes of the Charter of the United Nations, the ASEAN Charter and international law;

2. The importance of shared prosperity, sustainable, inclusive economic growth and development, and the nurturing of our young people to sustain continued peace, development, and stability for mutual benefit;

3. Mutual recognition of the importance of pursuing policies that lead to dynamic, open, and competitive economies that foster economic growth, job creation, innovation, entrepreneurship and connectivity, and that support SMEs and narrow the development gap;

4. Our commitment to ensure opportunities for all of our peoples, through strengthening democracy, enhancing good governance and adherence to the rule of law, promoting and protecting human rights and fundamental freedoms, encouraging the promotion of tolerance and moderation, and protecting the environment;

5. Respect and support for ASEAN Centrality and ASEAN-led mechanisms in the evolving regional architecture of the Asia-Pacific;

6. Firm adherence to a rules-based regional and international order that upholds and protects the rights and privileges of all states;

7. Shared commitment to peaceful resolution of disputes, including full respect for legal and diplomatic processes, without resorting to the threat or use of force in accordance with universally recognized principles of international law and the 1982 United Nations Convention of the Law of the Sea (UNCLOS);

8. Shared commitment to maintain peace, security and stability in the region, ensuring maritime security and safety, including the rights of freedom of navigation and overflight and other lawful uses of the seas, and unimpeded lawful maritime commerce as described in the 1982 UN Convention on the Law of the Sea (UNCLOS) as well as non-militarization and self-restraint in the conduct of activities;

9. Shared commitment to promote cooperation to address common challenges in the maritime domain;

10. Strong resolve to lead on global issues such as terrorism and violent extremism, trafficking in persons, drug trafficking, and illegal, unreported, and unregulated fishing, as well as illicit trafficking of wildlife and timber;

11. Shared commitment to addressing climate change and developing a climate-resilient, environmentally sustainable ASEAN, as well as to implement individual countries’ nationally determined contributions made under the Paris Climate Agreement;

12. Shared commitment to promote security and stability in cyberspace consistent with norms of responsible state behavior;

13. Support for the advancement of a strong, stable, politically cohesive, economically integrated, socially responsible, people-oriented, people-centered and rules-based ASEAN Community;

14. Shared commitment to strengthen people-to-people connectivity through programs that engage ASEAN and American citizens, particularly young people, and that promote opportunities for all our peoples, particularly the most vulnerable, to fulfil the vision of the ASEAN Community;

15. Shared commitment to promote a global partnership for sustainable development through the implementation of the 2030 Agenda for Sustainable Development and the Addis Ababa Action Agenda, to ensure a sustainable, equitable and inclusive society where no one is left behind;

16. Shared commitment to enhance collaboration at international and regional fora, especially at existing ASEAN-led mechanisms; and

17. Shared commitment to continue political dialogue at the Head of State/Government level through our Leaders’ attendance at the annual U.S.-ASEAN Summit and the East Asia Summit.

Source:https://www.whitehouse.gov/the-press-office/2016/02/16/joint-statement-us-asean-special-leaders-summit-sunnylands-declaration

Source : Department of Statistics, Malaysia

MALAYSIA Gross Domestic Product (GDP)

Q1 2013 - Q4 201524

1.9

245.

1

258.

3

273.

5

266.

1

272.

3

278.

8

289.

4

277.

2

283.

2

292.

6

303.

8

226.

6

233.

6

243.

6

251.

5

240.

8

248.

8

257.

2

265.

8

254.

4

261.

1

269.

4

277.

8

2.92.3

5.4

8.8

10.0

11.1

7.9

5.8

4.24.0

4.9

5.04.3 4.6 4.9 5.0

6.3 6.5

5.6 5.7 5.6 4.9

4.74.5

0.0

2.0

4.0

6.0

8.0

10.0

12.0

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

RM million Growth (%)

2013 2014 2015

Current Prices Constant Prices Y-o-Y Growth at Current Prices Y-o-Y Growth at Constant Prices

RM13.9bil.18.6%

Note: % refer to Y-o-Y Growth

ManufacturingRM244.2bil.

4.9%

Mining and quarryingRM94.9bil.

4.7%

AgricultureRM93.9 bil.

1.0%

ConstructionRM46.7bil.

8.2%

Plus Import Duties

RM1,062.6 bil.GDP at Constant

2010 prices

GDP Composition2015

ServicesRM569.0bil.

5.1%

2013 :RM1,018.8bil (4.9)* RM955.3bil (4.7%)**

Note:* Current Prices ** Constant Prices

2014 :RM1,016.6bil (8.6)* RM1,012.5bil (6.0%)**

2015 :RM1,156.9bil (4.5)* RM1,062.6(5.0%)**

RM73.4bil30.1%

RM64.6bil26.5%

RM30.3bil12.4%

RM27.6bil11.3

RM21.5bil8.8%

RM14.2bil5.8%

RM4.1bil1.7%

RM8.5bil3.5%

Petroleum, chemical, rubber and plastic products

Electrical, electronic and optical products

Non-metallic mineral products, basic metal andfabricated metal productsTransport equipment, other manufacturing and repair

Vegetable and animal oils & fats and food processing

Wood products, furniture, paper products and printing

Beverages and tobacco products

Textiles, wearing apparel and leather products

RM244.4bil

ServicesPercentage Share at Constant Prices, 2015

ManufacturingPercentage Share at Constant Prices, 2015

RM556.3bil.

RM274.1bil.

RM143.4bil.

RM90.9bil.

Private consumption

Gross fixed capital formation

Government consumption Net ExportsChanges in inventories

GDP by Type of Expenditure at Constant Prices, Q4 2015

-RM2.1bil.


Buku kecil TPPA di dalam versi PDF boleh di muat turun melalui pautanhttp://fta.miti.gov.my/miti-fta/resources/MITI_TPPA.pdf

International Repor t

Source : Office of the National Economic and Social Development Board, Thailand

Thailand’s Economic Performance for 2015

28.75

44.42

22.86

41.75

51.60

86.18

0

15

30

45

60

75

90

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

RM Billion

Exports Imports Total Trade

Malaysia’s Trade with Thailand, 2005 - 2015


2016 Index of Economic Freedom

Hong Kong 89.6Singapore 89.4New Zealand 82.1Australia 81.4Switzerland 80.5Canada 79.1Chile 78.5Estonia 76.8Ireland 76.6Mauritius 76.4Malaysia 70.8Brunei 68.9Thailand 62.4Philippines 62.2Indonesia 58.1Cambodia 57.5Vietnam 51.7Laos 51.4Myamar 46.9

Rank Country Overall Score123456789

1031397576

105110148150161

Note: The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world's nations.

Source: http://www.heritage.org/~/media/infographics/2015/12/bg3086/sr-trade-freedom-2016-appendix-table-1-825.ashx

AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009) ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)

AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)

MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)

MTFTA: Malaysia-Turkey Free Trade Agreement (Implemented since 1 August 2015)

MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 FebAANZFTA 67 92 181 98 90 442 108 51AIFTA 83 135 230 124 136 183 165 90AJCEP 29 132 56 63 65 114 86 61

0

50

100

150

200

250

300

350

400

450

500

RM

mill

ion

27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 FebATIGA 604 668 956 769 647 6,780 713 328ACFTA 553 476 4,788 684 402 484 377 260AKFTA 95 545 694 326 174 316 654 177

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

RM

mill

ion

27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 FebMICECA 615.68 38.42 125.81 35.69 44.24 49.69 41.15 18.93MNZFTA 0.19 0.51 1.30 0.78 0.14 0.02 0.38 0.23MCFTA 4.87 6.54 28.29 22.56 5.07 56.35 7.87 4.82MAFTA 32.00 30.26 48.95 55.37 41.58 76.69 45.76 23.98

0

100

200

300

400

500

600

700

RM m

illio

n

27 Dec 2015 31 Dec 2015 10 Jan 2016 17 Jan 2016 24 Jan 2016 31 Jan 2016 7 Feb 2016 14 Feb 2016AANZFTA 516 812 1,065 929 817 825 824 412

AIFTA 411 672 613 646 626 676 693 412

AJCEP 72 247 244 217 208 229 222 74

ATIGA 2,891 3,873 4,100 4,570 4,368 3,645 4,199 2,079

ACFTA 989 1,555 1,432 1,383 1,136 867 1,304 720

AKFTA 573 691 820 865 861 959 929 482

MICECA 224 277 287 284 289 311 368 178

MNZFTA 2 3 12 13 7 3 14 3

MCFTA 16 44 71 66 36 69 48 34

MAFTA 294 326 570 463 489 370 438 179

MJEPA 528 913 836 898 758 888 859 479

MPCEPA 106 145 139 177 167 151 170 94

GSP 94 103 134 165 100 130 133 63

MTFTA 120 187 282 196 148 187 172 103

27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 FebMJEPA 73 168 129 135 129 169 166 84MPCEPA 711 19 23 53 47 40 89 14GSP 19 24 30 41 19 20 23 16MTFTA 31 70 108 122 203 133 90 35

100

0

100

200

300

400

500

600

700

800

RM m

illio

n

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates (Provisional data)

Notes: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

Source: Ministry of International Trade and Industry, Malaysia

Source : Bank Negara, Malaysia

16.115.4

13.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

16 O

ct23

Oct

30 O

ct6

Nov

13 N

ov20

Nov

27 N

ov4

Dec

11 D

ec18

Dec

24 D

ec31

Dec

8 Ja

n15

Jan

22 Ja

n29

Jan

5 Fe

b12

Feb

19 F

eb

US$/Oz Silver

1009.0

944.0

800.0

850.0

900.0

950.0

1000.0

1050.0

16 O

ct23

Oct

30 O

ct6

Nov

13 N

ov20

Nov

27 N

ov4

Dec

11 D

ec18

Dec

24 D

ec31

Dec

8 Ja

n15

Jan

22 Ja

n29

Jan

5 Fe

b12

Feb

19 F

eb

US$/Oz Platinum

Source : http://www.gold.org/investments/statistics/gold_price_chart/

http://online.wsj.com/mdc/public/page/2_3023-cashprices.html?mod=topnav_2_3023

Gold Prices, 16 October 2015 - 19 February 2016

Silver and Platinum Prices, 16 October 2015 - 19 February 2016

38.0 39.6

33.0

34.0

35.0

36.0

37.0

38.0

39.0

40.0

41.0

16 O

ct

23 O

ct

30 O

ct

6 No

v

13 N

ov

20 N

ov

27 N

ov

4 De

c

11 D

ec

18 D

ec

24 D

ec

31 D

ec

8 Ja

n

15 Ja

n

22 Ja

n

29 Ja

n

5 Fe

b

12 F

eb

19 F

eb

US$/Gram Gold

Malaysian Ringgit Exchange Rate with Indian Rupee and Swiss Franc

3.40

3.60

3.80

4.00

4.20

4.40

4.60

5.005.205.405.605.806.006.206.406.606.80

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

2015 2016

INR100 = RM CHF = RM

CHF = RM 4.32

100 INR = RM 6.46

Commodity

Crude Petroleum

(Brent) (per bbl)

Crude Palm Oil (per MT)

Sugar (per lbs.)

Rubber SMR 20(per MT)

Cocoa SMC 2

(per MT)

Coal(per MT)

Scrap Iron HMS

(per MT)

19 Feb 2016 (US$) 33.0 651.0 12.7 1,098.5 2,058.9 47.6 190 (high)

160 (low)

% change* 1.0 6.4 3.4 3.3 1.8 0.2 unchangedunchanged

2015i 36.9 - 66.8 616.9 13.2 1,364.3 2,077.0 49.9 239.6

2014i 59.5 - 114.8 823.3 16.6 1,718.3 2,615.8 59.8 370.0

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 n.a Not availble

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.

Highest and Lowest Prices, 2015/2016

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum(Brent)

(19 Feb 2016)US$33.0 per bbl

201515 May 2015: 66.8

201518 Dec 2015: 36.9

201629 Jan 2016: 34.7

201615 Jan 2016: 28.9

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (19 Feb 2016)

US$651.0 per MT

201516 Jan 2015: 701.0

20154 Sep 2015: 500.5

201619 Feb 2016: 651.0

201615 Jan 2016: 545.5

Steel Bars(per MT)

RM1,500 – RM1,600

Average Domestic Prices, 19 Feb 2016

Billets(per MT)

RM1,150 – RM1,200

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends

552.5

561.5 560.0554.0

572.5

566.9

545.5 546.0

566.5579.0

612.0

651.0

480

500

520

540

560

580

600

620

640

660

4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb 19 Feb

US$

/mt

Crude Palm Oil

2,020.2

2,052.62,040.8

1,987.82,006.12,009.3

1,797.2

1,854.7

1,959.4

2,003.51,993.2

2,096.6

2,058.9

1,750

1,800

1,850

1,900

1,950

2,000

2,050

2,100

2,150

27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb 19 Feb

US$

/mt

Cocoa

15.5

14.6

15.1 15.115.2

14.5

14.9

14.4

13.113.3

13.1

12.7

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5

16.0

4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb 19 Feb

US$

/lbs

Sugar

1,176.0

1,174.5

1,157.5

1,176.5

1,133.5

1,076.01,081.5

1,118.5

1,088.51,097.5

1,063.0

1,098.5

1,000

1,020

1,040

1,060

1,080

1,100

1,120

1,140

1,160

1,180

1,200

4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb 19 FebU

S$/m

t

Rubber SMR 20

7,591

7,286 7,267

7,853

7,148 7,063

7,296

6,742

6,940 7,029

6,963

7,008

6,900

7,167

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500

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

2015 2016

USD

/ to

nne

Black Pepper

* until 19 February 2016

41.7

40.0

35.634.7

38.137.0

33.2

29.4

32.2

33.6

30.9

29.4 29.6

44.9

43.0

37.936.9

37.937.3

33.6

28.9

32.2

34.734.1

33.4 33.0

26

28

30

32

34

36

38

40

42

44

46

48

50


US$

/bbl

Crude Petroleum

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

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends

230.0

210.0

195.0

190.0 190.0 190.0 190.0

200.0 200.0

180.0

190.0 190.0

210.0

195.0

175.0

170.0 170.0 170.0 170.0 170.0 170.0

160.0 160.0 160.0

140

150

160

170

180

190

200

210

220

230

240

25 Sep 9 Oct 30 Oct 6 Nov 20 Nov 27 Nov 18 Dec 31 Dec 8 Jan 29 Jan 12 Feb 19 Feb

US$

/mt

Scrap Iron

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

46.646.5

47.447.5 47.5 47.5

47.847.8

47.7

47.447.5 47.5

47.6

45.5

46.0

46.5

47.0

47.5

48.0


US$

/mt

Coal

68.0

63.0

58.0

52.0

60.0 63.0

52.0

56.057.0

53.0

47.0

41.0

42.0

38.0

43.0

48.0

53.0

58.0

63.0

68.0

73.0


2015 2016

US$

/dm

tu

Iron Ore

1,815 1,818

1,774

1,819 1,804

1,688

1,640

1,548

1,590

1,516

1,468

1,497 1,481

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

1,800

1,850


2015 2016

US$

/ to

nne

Aluminium

5,831 5,729

5,940 6,042

6,295

5,833

5,457

5,127 5,217 5,216

4,800

4,639

4,472

4,000

4,500

5,000

5,500

6,000

6,500


2015 2016

US$

/ to

nne

Copper

14,849 14,574

13,756

12,831

13,511

12,825

11,413

10,386

9,938 10,317

9,244

8,708 8,507

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000


2015 2016

US$

/ to

nne

Nickel

Patience is a virtue. For Encik Mustapa Mohd Sa’ad, the Managing Director of MBM. His tenacity, perseverance, focus and planning have brought his company to where it is today.This entrepreneur went through hardships before he tasted success in his venture. Encik Mustapa founded MBM Tiga Enterprise Sdn. Bhd. on 17 January 2001. Initially, the company was involved in raw material supply and minor construction. Later, it expanded its scope to include mechanical, electrical and sewerage sectors. “In business, I have to be patient all the time. I’m very keen in planning my business and I make plans every day and at various stages. Meeting the needs of my clients is not only the company’s main principle, but also delivering quality services. I usually provide the best solutions to my clients,” he said In 2005, the company diversified into the oil and gas sector, before expanding it to include operations, maintenance and renovation of sewage plants in 2008. Last year, it broadened its activities to include civil works.“I’m confident that with the additional contracts that we secured and the increase in the company’s revenue, we can address the employees’ income and benefits, especially with the rising cost of living,” said Encik Mustapa, a leader who cares about his people.Malacca- based MBM Tiga Enterprise Sdn. Bhd has come a long way from its inception some 14 years ago. The company started with only two rigid tanker trucks or vacuum trucks to carry out the sewage works in a few areas such as residential, villages, industrial and learning institutions. A few years later, in line with its growth, the enterprise company was upgraded to MBM Tiga Enterprise Sdn. Bhd. on December 17, 2008. More rigid tanker trucks were added to its fleet. Encik Mustapa said, MBM Tiga Enterprise Sdn. Bhd. now owns two vans, one unit of 1-tonne lorry, a 3- tonne lorry and a 5- tonne lorry, in addition to four rigid tanker trucks. MBM Tiga Enterprise Sdn. Bhd., which is now a registered contractor with among others, Indah Water Konsortium Sdn. Bhd. and Suruhanjaya Perkhidmatan Air Negara (SPAN), has also seen an increase of its clients to over 100.Besides Indah Water and SPAN, the company is also a registered contractor with PETRONAS Penapisan, Finance Ministry, Construction Industry Development Board (CIDB) and a Government Work Procurement Certificate (SPKK)- UEM Edgenta Bhd and Propel Bhd MBM Tiga Enterprise Sdn. Bhd has executed the sub- contractor tender in sewage services and plant management at Petronas Fertiliser at Tangga Batu in Malacca. It is also one of the contractors appointed by Indah Water to carry out plant maintenance, sewage system and other related works.The company attributed its achivements to wise planning as well as efficiency of its employees. When it started, MBM Tiga Enterprise Sdn. Bhd. only has eight people but it has since grown substantially and today, it employs 25 people who are skilled and experienced. Encik Mustapa said, the company always and continuously motivate the employees by giving them incentives such as overtime pay, medical benefits, allowances and annual bonuses. Besides provision of safety equipment, the employees are also sent for Oil and Gas Safety Passport (OGSP) courses at the National Institute of Occupational Safety and Health (NIOSH). These course will ensure that the employees acquire the necessity safety and health knowledge required for their jobs. “From time to time, we will hold monthly meetings to monitor the work progress and discussed related issues,” he said, while adding that the company also provides on-site training for its staff. Encik Mustapa has plans to move the company’s headquarters to its own office building, with appropriate parking space for the employees. The company is currently renting the office and car park. Other plans in the pipeline include giving handsome rewards to the staff. MBM Tiga Enterprise Sdn. Bhd. first established its relations with SME Bank in 2010. The Bank provided hire purchase financing for the company to acquire extra rigid tanker trucks. Last year, MBM Tiga Enterprise Sdn. Bhd.secured another hire purchase financing from SME Bank for the purpose of expanding its business. These facilities have played a role in the company’s growth and expansion. Asked on his advice to the young entrepreneurs, Encik Mustapa said, they have to be patient, diligent, hardworking and prudent. “Now misuse your income for things that you don’t need such as buying a new car or a house. I only buy what is needed. Besides that, trust and support from family members as well as your employees is important. In fact, I am thankful to Allah SWT for that. I strictly adhere to the religious teachings.”Backed with forward- thinking, goal-oriented and caring leadership, and supported by efficient and skilled manpower, MBM Tiga Enterprise Sdn. Bhd. will continue to strengthen its foothold in its business ventures.“We aim to be high potential company, reputable and stable,” Encik Mustapa concluded.

MBM Tiga Enterprise

Address: Jalan Nirwana 2, Taman Nirwana, 76400 Melaka, MalaysiaPhone:+60 6-315 2898email: [email protected]

Success Story

MITI Programme ASEAN-US Summit, Palm Springs, California

Atended by YAB Dato’ Sri Mohd. Najib Bin Tun Haji Abdul Razak, Prime Minister Malaysia and YB Dato’ Sri Mustapa Bin Mohamed,

Ministry of International Trade and Industry Minister15-16 February 2016

AnnouncementMITI Weekly Bulletin (MWB) Mobile Apps

MITI MWB APPs is now available for IOS, Android and Windows platforms and is ready for download from the Gallery of Malaysian Government Mobile APPs ( GAMMA). MWB APPs can be downloaded by following a simple step-by-step guideline as provided below:

1. Fast and efficient travel for business people within the APEC region contributes to APEC's goal of free and open trade and investment. The APEC Business Travel Card was created in line with this.

2. The ABTC allows business travelers pre-cleared, facilitated short-term entry to participating member economies. The ABTC removes the need to individually apply for visas or entry permits, saving valuable time, and allows multiple entries into participating economies during the duration the card is valid. As of 1 September 2015, the validity of ABTC is 5 years. Now Card holders also benefit from faster immigration processing on arrival via access to fast-track entry and exit through special APEC lanes at major airports in participating economies.

3. To date 19 APEC economies except Canada and the United States (US) are participating as full members in the ABTC Scheme. Canada and the US are currently transitional members that only provide premier ABTC lanes at their major international airports.

Guidelines for application of MITI’s support letter for APEC Business Travel Card (ABTC)

1. All applications can be sent via email to [email protected]. All the documents attached must be scanned in A4 size and in PDF (adobe reader), to be submitted via mail or courier to the following address:

Ministry of International Trade and Industry,Aras 2, Menara MITI,No.7, Jalan Sultan Haji Ahmad Shah,50480 Kuala Lumpur.(Attn.: Regional and International Relations Division)

2. You can also submit your application directly to us by dropping it into the ABTC Collection Box at Level 2, MITI.

3. Applicants should submit to MITI the following documents: i. Letter (using company’s letterhead) stating: - applicant's name;- designation in the company;- passport & IC number ; and - name of the APEC economy or list of economies (APEC countries) to be visited by the applicant. ii. Certified copy of the passport page containing applicant's detail, signature and certified copy of the Malaysia IC;

Passport with a minimum validity of 3 years (preferably 5 years) and certified by company secretary or any other related agencies; iii. Supporting Documents

For companies registered in Malaysia

Supporting documents related to the company namely a copy of Borang 8/9 & Borang 13 & Borang 24 & Borang 48/49 (company registration certificate) from the Companies Commission of Malaysia (Suruhanjaya Syarikat Malaysia) and company profile / other documents related to the company. For companies not registered in Malaysia

Supporting documents related to the company namely a copy of the company’s registration certificate from a recognised government linked authority or companies commission organisation and company profile / other documents related to the company. 4. Applications for support letter may also be submitted to the following agencies if your companies are registered with them:

• Malaysian Investment Development Authority (MIDA)• Federation of Malaysian Manufacturers (FMM)• Malaysian International Chamber of Commerce and Industry (MICCI)• Malaysia External Trade Development Corporation (MATRADE)• SME Corporation Malaysia (SME Corp.)• Dewan Perniagaan Melayu Malaysia (DPMM)• The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM)• Malaysian Service Providers Confederation (MSPC)• Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI)

Next Steps

1. With the support letter, the applicants will have to submit the application for ABTC directly with the Immigration Department, Putrajaya. For further information on ABTC Card application, please visit the Malaysian Immigration Department’s official portal at:

http://www.imi.gov.my/index.php/en/main-services/apec-business-travel-card-abtc

2. The Immigration Department has the right to require further details from the applicants, if necessary and has the right to reject the application

APEC BUSINESS TRAVEL CARD (ABTC)

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Name : Nurul Nadiah Begum Sahabuddin KhanDesignation : Assistant DirectorJob Description : Managing matters related to Strategic Unit I - Training and CoursesDivision : Human Resource ManagementContact No : 603-6200 0198Email : [email protected]

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22 February 2015 | No. ISSN: 2180-0448 Joint … · 2016 Index of Economic Freedom Hong Kong 89.6...

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Transcript of 22 February 2015 | No. ISSN: 2180-0448 Joint … · 2016 Index of Economic Freedom Hong Kong 89.6...