Congratulations - Ministry of International Trade and Industry Weekly... · 2018-05-15 ·...

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

Congratulations

The 7th Prime Minister of Malaysia

YAB Tun Dr. Mahathir Mohamad


MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

Source: Department of Statistics, Malaysia

Services Producer Price Index (SPPI), Q1 2018

MALAYSIA


MITI Weekly Bulletin | www.miti.gov.my

Index of Industrial Production (IIP), March 2018




Monthly Manufacturing Statistics, March 2018




Malaysia as the Second Largest Exporter of Plywood Consisting Solely of Sheets of Wood, With at Least One Outer Ply of Tropical 2016

International Report

Note : Refers to HS441231Source:http://www.trademap.org/Index.aspx

Malaysia’s Top Five Export Destinations for Plywood

JapanUS$404.2 mil.

RoKUS$89.9 mil.

TaiwanUS$43.7 mil.

USAUS$34.5 mil.

MexicoUS$25.6 mil.

1

2

3

4

5

Indonesia : US$981.1m

Malaysia : US$779.5m

China : US$225.8m

France : US$69.8m

Italy : US$50.1m



Chinese Taipei Economic Indicators

International ReportLand Area

Population

GDP (current prices)

Inflation Rate

Unemployment Rate

Global TradeExportsImports

32,260 km2

US$576.9b (Rank:19)

US$317.4b (Rank:18)

US$259.5b (Rank:19)

23.6 million

US$579.3 billion(estimate)

0.6%

3.8%

Malaysia's Trade with Chinese Taipei

6.9 7.5 5.9 5.1 5.510.0 10.5 9.4 10.1 12.8

Exports Imports

2013 2014 2015 2016 2017

(US$ billion)E&E ProductsUS$770.6 million 47.2% share

LNGUS$157.6 million

9.7% share

Optical & Scientific EquipmentUS$152.1 million 9.3% share

Chemical & Chemicals Products

US$100.0 million 6.1% share

Petroleum ProductsUS$96.9 million 5.9% share Source: Department of Statistics, Malaysia

Source: IMF, Worldatlas and WTO

Major Exports, Q1 2018

2017



Number and Value of Preferential Certificates of Origin (PCOs)

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

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

0

20

40

60

80

100

120

140

160

180

0

5

10

15

20

25

30

35

40

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

0

1,000

2,000

3,000

4,000

5,000

6,000

0

200

400

600

800

1,000

1,200

1,400

1,600

1,80018

Feb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

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

1,400

0

500

1,000

1,500

2,000

2,500

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

160

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

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

1,000

0

50

100

150

200

250

300

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

0

20

40

60

80

100

120

140

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

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)

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

0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

350

400

450

500

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

140

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

2

4

6

8

10

12

14

16

18

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

0.50

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

10

20

30

40

50

60

70

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

500

0

10

20

30

40

50

60

70

80

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

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

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

0

50

100

150

200

250

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

1 A

pr

8 A

pr

15 A

pr

22 A

pr

29 A

pr

6 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)




Source : Bank Negara Malaysia

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

US Dollar

Euro

South Korean Won

Pound Sterling

Australian Dollar

Brunei Dollar

4.4596

3.8862

3.50

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

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

2017 2018

RM

USD 1 = RM

4.7389

4.7176

5.0606

4.7749

4.50

4.60

4.70

4.80

4.90

5.00

5.10


2017 2018

RM

EUR 1 = RM

0.3778

0.3915

0.3621

0.3640

0.35

0.35

0.36

0.36

0.37

0.37

0.38

0.38

0.39

0.39

0.40


2017 2018

RM

KRW 100 = RM

5.4963

5.6062

5.4537

5.4755

5.35

5.40

5.45

5.50

5.55

5.60

5.65


2017 2018RM

GBP 1 = RM

3.3241

3.4124

2.9895

2.70

2.80

2.90

3.00

3.10

3.20

3.30

3.40

3.50


2017 2018

RM

AUD 1 = RM

3.1214

3.1583

2.9452

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20


2017 2018

RM

BND 1 = 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-

11 May 2018 : US$77.1, 3.0%*Average Pricei : 2017: US$55.0 2016: US$45.3

CRUDE PALM OIL-per MT-

4 May 2018 : US$641.7, 1.9%*Average Pricei : 2017: US$719.7 2016: US$702.2

RUBBER SMR 20-per MT-

8 May 2018 : US$1,435.5, 0.2%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5

COAL -per MT-11 May 2018 : US$56.6, unchangedAverage Pricei : 2017: US$57.2 2016: US$45.6

COCOA SMC 2-per MT-

8 May 2018 : US$1,915.5, 0.2%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8

SCRAP IRON HMS-per MT-

11 May 2018 :US$350.0(high), unchanged US$330.0 low), unchanged Average Pricei : 2017: US$314.5 2016: US$243.2

HIGHEST and LOWEST 2017/2018

Highest 11 May 2018 : US$77.1 29 Dec 2017 : US$66.9

Lowest

9 Feb 2018 : US$62.8

23 June 2017 : US$45.5

Crude Petroleum

(Brent)-per bbl-

Highest 9 Mar 2018 : US$691.5 20 Jan 2017 : US$843.0

Lowest

30 June 2017 : US$650.0 23 Feb 2018 : US$653.5

Crude Palm Oil -per MT-

Domestic Prices11 May 2018

Steel Bars(per MT)

RM2,400 – RM2,550

Billets(per MT)

RM2,200 – RM2,250

SUGAR -per lbs-11 May 2018 : US¢11.2, 2.5%*Average Pricei : 2017: US¢15.8 2016: US¢18.2



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.

675.6

653.5

673.5

691.5

673.5676.0 677.0 675.8 674.5

665.5

654.0

641.7

610

620

630

640

650

660

670

680

690

700

15Feb 23Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May

US$

/mt

Crude Palm Oil

1,536.3 1,532.2

1,673.3

1,720.2

1,699.51,719.2

1,672.5 1,662.6

1,849.91,888.0

1,918.9 1,915.5

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

23Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 8May

US$

/mt

Cocoa

13.5 13.4

12.812.7

12.6

12.4 12.312.2

11.9

11.5 11.5

11.2

10.0

10.5

11.0

11.5

12.0

12.5

13.0

13.5

14.0


US¢

/lbs

Sugar

1,469.0

1,487.5

1,453.01,463.0

1,361.5

1,384.5

1,353.0

1,398.5

1,425.5

1,388.5

1,438.5 1,435.5

1,250

1,300

1,350

1,400

1,450

1,500


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

63.6

61.362.0 62.3

65.964.9

62.1

67.4 67.468.1

69.770.7

67.3

64.465.5

66.2

70.5 70.3

67.1

72.6

74.174.6 74.9

77.1

50

55

60

65

70

75

80


US$

/bbl

Crude Petroleum

CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl



Commodity Price Trends

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.

64.363.8 63.8

63.463.0

60.8

59.2 59.258.9

56.6 56.6 56.6

52.0

54.0

56.0

58.0

60.0

62.0

64.0

66.0


US$

/t

Coal

1,79

1 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

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300


2017 2018

US$

/ to

nne

Aluminium

5,75

5 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

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2017 2018

US$

/ to

nne

Copper

9,97

1 10,6

43

10,205

9,60

9

9,15

5

8,93

2 9,49

1

10,890

11,2

16

11,3

36 11,972

11,495

12,865

13,596

13,393

13,938

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000


2017 2018

US$

/ to

nne

Nickel

994.0

971.0

952.0 954.0960.0

939.0

913.0

929936.0

914.0

904.0

929.0

840.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0


US

$/o

z

Platinum

390.0395.0

410.0 410.0 410.0 410.0

400.0

380.0 380.0

350.0 350.0 350.0

370.0

385.0

400.0395.0 395.0 395.0

385.0

350.0

340.0

330.0 330.0 330.0

300

320

340

360

380

400

420


US

$/m

t

Scrap Iron

ScrapIron/MT(High)ScrapIron/MT(Low)

80.41

89.44

87.65

70.22

62.43

57.48

67.74

76.07

71.53

61.66

64.24

72.25 76.34

77.46

70.35

65.75

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0


2017 2018

US

$/d

mtu

Iron Ore

16.6

16.616.5

16.5

16.7

16.3

16.5 16.5

17.2

16.6

16.5

16.8

15.8

16.0

16.2

16.4

16.6

16.8

17.0

17.2

17.4


US$

/oz

Silver

42.7

42.542.5

42.1

43.3

42.6

42.7

43.1

43.4

42.5

42.3

42.4

41.4

41.6

41.8

42.0

42.2

42.4

42.6

42.8

43.0

43.2

43.4

43.6


US$

/oz

Gold



Source: http://www.miti.gov.my/index.php/glossary

of Technical TermsGDP per capitaGross Domestic Product (Purchasing Power Parity) - is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. Purchasing power parities (PPPs) are the rates of currency conversion that eliminate the differences in price levels between countries.

GHSGlobally Harmonized System of Classification and Labelling of Chemicals is an internationally-harmonized approach to address classification of chemicals by types of hazard. It proposes harmonized hazard communication elements, including labels and safety data sheets.

GNIGross National Income - Another measure of a country’s economic performance. The production of the nationals of the country, whether they are in residence in the domestic territory or not. GDP may be converted to GNI by adding net factor incomes from abroad.. It is calculated by adding to GDP the income earned by residents from investments abroad, minus income sent home by foreigners who are living in the country.

GNI per capitaIs gross national income divided by mid-year population

Green BoxAgriculture support (subsidies) which is exempted from reduction commitments under the WTO Agriculture Agreement and permitted without limit. Green Box subsidies include genuine relief to farmers through a wide range of assistance measures which have minimal impact on trade. Examples include subsidies for disaster relief, research, disease control, infrastructure, environment protection and food security.

Green Room mini-Ministerial MeetingMeeting attended by Trade Ministers from selected countries which participate actively in the WTO negotiations. Malaysia has been included in this process.

Gross Domestic Products (GDP)The total value of goods produced and services provided in a country during a fiscal year.GDP can be estimated in three ways, which, in theory should yield identical figures:• Expenditure basis i.e. how much money was spent;• Output basis i.e. how many goods and services were sold; and• Income basis i.e. how much income (profit) was earned.

Gross National Product (GNP)Total output of an economy, plus net income from abroad, for a given fiscal year (i.e. GNP = GDP + net income from abroad)

GSTGoods and Services Tax (GST) - is a multi-stage tax on domestic consumption. GST is charged on all taxable supplies of goods and services in Malaysia except those specifically exempted. GST is also charged on importation of goods and services into Malaysia. In Malaysia, a person who is registered under the Goods and Services Tax Act 2014 is known as a “registered person”. A registered person is required to charge GST (output tax) on his taxable supply of goods and services made to his customers. He is allowed to claim back any GST incurred on his purchases (input tax) which are inputs to his business. Therefore, the tax itself is not a cost to the intermediaries and does not appear as an expense item in their financial statements.



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

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

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


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Wishes to All Muslim Readersa Blessed Ramadhan

Congratulations - Ministry of International Trade and Industry Weekly... · 2018-05-15 ·...

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Transcript of Congratulations - Ministry of International Trade and Industry Weekly... · 2018-05-15 ·...