Weekly BULLETIN - miti.gov.my Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji...

20
1 MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 VOLUME 504 MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY Weekly BULLETIN 2 October 2018 | NO. ISSN : 2180-0448 Malaysia Statistics Source: Department of Statistics, Malaysia Leading Index (LI), July 2018 Malaysia’s economy is expected to continue growing at a slower rate between November 2018 to January 2019 Month on Month Percentage change by leading index components Note: The Leading Index measures anticipations of the overall economic activity in the months ahead. The index tells us where the economy is going.

Transcript of Weekly BULLETIN - miti.gov.my Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji...

Page 1: Weekly BULLETIN - miti.gov.my Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202 9446

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

VOLUME 504

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N2 October 2018 | NO. ISSN : 2180-0448

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

Mal

aysi

a St

atis

tics

Source: Department of Statistics, Malaysia

Leading Index (LI), July 2018

Malaysia’s economy is expected to continue growing at a slower rate between November 2018 to January 2019

Month on Month Percentage change by leading index components

Note:The Leading Index measures anticipations of the overall economic activity in the months ahead. The index tells us where the economy is going.

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Mal

aysi

a St

atis

tics

PPI for local production decreased 0.3% in August 2018 compared to August 2017

119.8

Index Numbers

August 2018

August 2017

106.6 106.9

0.3%

PRODUCER PRICE INDEX (PPI) ( 2010 = 100 )

PPI for local production performance , 2011 - August 2018

108.3

106.7

106.3

106.8107.1

106.4106.7 106.6

105.0

105.5

106.0

106.5

107.0

107.5

108.0

108.5

Jan Feb Mar Apr May Jun Jul Aug

Index number

2018

Source : Department of Statistics, Malaysia

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Source : Department of Statistics, Malaysia

PPI for local production by sector , August 2018

Note: Growth refers to year on year growth

PRODUCER PRICE INDEX (PPI) ( 2010 = 100 )M

alay

sia

Stat

isti

cs

PPI for local production by stage of processing, August 2018

Crude materials for further processing

Finished goods

Electricity & gas supplyIndex:116.0

Agriculture, forestry & fishingIndex:96.7

MiningIndex:109.2

ManufacturingIndex:106.8

Water supplyIndex:114.6

0.6%

-0.5%

-1.7%

-13.2%

28.6%

Note: Growth refers to year on year growth

Growth

Total

Index: 106.6Growth: -0.3%

Intermediate materials, supplies and components

Index: 108.1Growth: -1.4%

Index: 111.5Growth: 7.2%

Index: 100.0Growth: -3.3%

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144.9 143.8

54.0 41.8 33.20

50

100

150

200

Malaysia Philippines Indonesia Germany Netherlands

USD million

Malaysia was ranked number one exporter of Dodecan-1-ol "lauryl alcohol", hexadecan-1-ol "cetyl alcohol" and octadecan-1-ol "stearyl alcohol" in 2017

Inte

rnat

iona

l St

atis

tics

Malaysia’s top five export destinations for Dodecan-1-ol "lauryl alcohol", hexadecan-1-ol "cetyl alcohol" and octadecan-1-ol "stearyl alcohol" in 2017

Notes : - % Share in Malaysia’s export - *Refers to HS 290517

Source: http://www.trademap.org/Index.aspx

9.9%US$74.5

mil.

28.8% 28.6%

10.7% 8.3% 6.6%

Note: - % Share in world exports

1 2 3 4 5

JapanUS$55.6 mil

38.4%

ChinaUS$24.9 mil

17.2%

USAUS$21.5 mil

14.8%

ROKUS$9.7 mil

6.7%

Chinese TaipieUS$5.7mil

3.9%

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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

35

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

6,0008

Jul

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

No.

of C

ertif

icat

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

3,000

3,500

4,000

4,500

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

1,400

0

500

1,000

1,500

2,000

2,500

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

0

20

40

60

80

100

120

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

0

50

100

150

200

250

300

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

180

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

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Number and Value of Preferential Certificates of Origin (PCOs)

0

100

200

300

400

500

600

700

800

900

1,000

0

50

100

150

200

250

300

350

400

450

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

14

16

0.00

0.10

0.20

0.30

0.40

0.50

0.60

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

10

20

30

40

50

60

70

80

90

100

0

5

10

15

20

25

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

20

40

60

80

100

120

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

0

10

20

30

40

50

60

70

80

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

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

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Source : Bank Negara, Malaysia

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

US Dollar

Canadian Dollar

New Zealand Dollar

Swiss Franc

Saudi Riyal

Myanmar Kyat

4.4596

3.8862

4.0917

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

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug

2017 2018

RM

USD 1 = RM

3.3755

3.4288

3.0211

3.1384

2.80

2.90

3.00

3.10

3.20

3.30

3.40

3.50

Jan

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

2017 2018

RM

CAD 1 = RM

3.1735

3.2126

2.7295

2.40

2.50

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

Jan

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

2017 2018

RM

NZD 1 = RM

4.42094.4697

3.9775

4.1329

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

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

2017 2018RM

CHF 1 = RM

118.9006

103.6265

109.0973

95.0

100.0

105.0

110.0

115.0

120.0

125.0

Jan

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

2017 2018

RM

SAR 100 = RM

0.3296

0.2745

0.200

0.220

0.240

0.260

0.280

0.300

0.320

0.340

Jan

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

2017 2018

RM

MMK 100 = RM

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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

Domestic Prices1 Oct 2018

Steel Bars(per MT)

RM2,400– RM2,550

Billets(per MT)

RM2,200– RM2,300

CRUDE PETROLEUM (BRENT) -per bbl-

5.0%*US$82.7

28 Sep 2018

CRUDE PALM OIL -per MT-

4.6%*US$532.5

28 Sep 2018

RUBBER SMR 20 -per MT-

0.4%*US$1,335.0

28 Sep 2018

COCOA SMC 2 -per MT-

6.8%*US$1,376.6

28 Sep 2018

COAL -per MT-

5.2%*US$75.6

28 Sep 2018

SUGAR -per lbs-

4.1%*US¢11.2

28 Sep 2018

SCRAP IRON HMS -per MT-

%*US$380.0

(high)

28 Sep 2018

%*US$360.0

(low)

29 Dec 2017 : US$66.9

Highest2017/2018

29 June 2018 : US$82.7

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

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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.

1,633.7

1,463.5

1,489.2

1,408.5

1,311.4 1,303.6

1,423.5

1,448.61,472.2 1,472.9 1,476.6

1,376.6

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US$

/mt

Cocoa

2,459 2,4442,386

2,301

2,1902,152 2,150

1,984

1,868 1,866 1,871 1,867

1,500.0

1,700.0

1,900.0

2,100.0

2,300.0

2,500.0

2,700.0

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US$

/mt

Pepper

1,314.5

1,342.5

1,332.5

1,316.5

1,349.0

1,339.5

1,373.5

1,349.0

1,322.5

1,336.51,340.5

1,335.0

1,280

1,290

1,300

1,310

1,320

1,330

1,340

1,350

1,360

1,370

1,380

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 SepU

S$/m

t

Rubber SMR 20

71.0 70.5

68.7 68.567.6

65.9

68.769.8

67.869.0

70.8

73.3

75.3

73.174.3

73.2 72.871.8

75.877.4 76.8

78.178.8

82.7

50

55

60

65

70

75

80

85

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US$

/bbl

Crude Petroleum

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

602.0605.0

587.5

572.5570.5 569.0

545.0 545.0

562.5

566.5

558.0

532.5530

540

550

560

570

580

590

600

610

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US$

/mt

Crude Palm Oil

11.0

11.1

10.9 10.9

10.5

10.210.2

10.6

11.0

12.0

11.7

11.2

10.0

10.5

11.0

11.5

12.0

12.5

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US¢

/lb

s

Sugar

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15.8

15.5 15.5 15.5

15.3

14.6

14.9

14.6

14.2 14.1

14.4

14.7

13.0

13.5

14.0

14.5

15.0

15.5

16.0

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US$

/oz

Silver

40.1

39.2

39.5

39.1 39.0

38.0

38.5 38.5 38.6 38.6

38.5

38.2

36.5

37.0

37.5

38.0

38.5

39.0

39.5

40.0

40.5

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep

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.

1,79

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 2,30

0

2,23

8

2,08

2

2,05

2

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

2017 2018

US$

/ to

nn

e

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

6,82

5 6,96

6

6,25

1

6,05

1

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

2017 2018

US$

/ to

nn

e

Copper

9,97

1 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

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

2017 2018

US$

/ to

nn

e

Nickel

Commodity Price Trends

80

.41

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

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

2017 2018

US$

/dm

tu

Iron Ore

834.6 833.0836.0

840.6

833.2

780.3

792.8790.4

783.3

801.2

832.9

822.4

740.0

750.0

760.0

770.0

780.0

790.0

800.0

810.0

820.0

830.0

840.0

850.0

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US$

/oz

Platinum

390.0 390.0

380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0

375.0 375.0

360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0

300

310

320

330

340

350

360

370

380

390

400

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US

$/m

t

Scrap Iron

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

64.4 64.665.2 65.2 65.3 65.4

66.7

70.070.6

71.6 71.8

75.6

58.0

60.0

62.0

64.0

66.0

68.0

70.0

72.0

74.0

76.0

78.0

13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep

US

$/t

Coal

Page 11: Weekly BULLETIN - miti.gov.my Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202 9446

11MITI 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

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MITI Minister received a courtesy visit by the Trade Delegation from Wales, United Kingdom and British Malaysian

Chamber of Commerce (BMCC) 24th September 2018

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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

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MITI Minister at the Opening Ceremony of the 4th Malaysia Oil & Gas Seminar Exhibition and Conference

25th September 2018

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13MITI 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

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Productivity Dialogue YB Darell Leiking with Architectural Fraternity

25th September 2018

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14MITI 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

MIT

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MITI Deputy Minister officiated a National Seminar on WTO Agreement, Subsidies & Countervailing Measures (SCM)

25th September 2018

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15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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

of Technical TermsStandstillStandstill - one of the nine principles in achieving trade and investment liberalization and facilitation which was stated in the Osaka Action Plan (1995) of APEC. Based on this principle, each APEC member economy agrees not to take any measure that might increase protection levels, thus ensuring the sound and effective process of trade and investment liberalization and facilitation.

Stockholm ConventionA global treaty to protect the human health and environment from chemicals that remain intact in the environment for long period of time.

Sustainable GrowthA term much used by environmentalists, meaning economic growth that can continue in the long term without non-renewable resources being used up or pollution becoming intolerable. Mainstream economists use the term, too, to describe a rate of growth that an economy can sustain indefinitely without causing a rise in inflation.

Swiss FormulaA ‘non-linear formula’ which reduces high tariffs, tariff peaks and tariff escalations. Higher tariffs will be subject to greater reductions compared to lower tariffs. A smaller coefficient would result in a deeper cut compared to a larger coefficient.

Swiss Formula :C : Coefficient to determine tariff reductions in each country;t0 : The existing tariff rate for a particular country; andt1 : The bound tariff rate for that country.

Tariff / DutyCustoms duties on merchandise imports. Levied either on an ad valorem basis (percentage of value) or on a specific basis (e.g. $7 per 100 kgs.). Tariffs give price advantage to similar locally-produced goods and raise revenues for the government.

Tariff CappingThe maximum duty allowed after applying the formula for tariff reduction.

Tariff EscalationLow tariffs for raw or unfinished materials, somewhat higher for semi-finished products and highest for finished products. Generally adopted by industrialized countries to restrict import of finished goods from developing countries.

Tariff LineDescription of a single product in a national tariff schedule, together with the applicable tariff/duty rate.

Tariff PeaksRelatively high tariffs, usually on “sensitive” products, amidst generally low tariff levels. For developed countries, tariffs of 15% and above are generally recognised as “tariff peaks”.

Tariff SimplificationThe conversion of non-ad valorem duties into simple ad-valorem duties.

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16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

The Ministry of International Trade and Industry (MITI) would like to invite proposals for the new National Car Project in Malaysia from interested parties.

The Malaysian automotive industry is an important and strategic part of our manufacturing sector. Automotive industry is vital for the country's growth and a new national car project would boost Malaysia's engineering and technological capabilities. The overall automotive industry and related sectors employs more than 700,000 people and contributes almost 4% to Malaysia’s GDP. With more than 25 manufacturing and assembly plants as well as experienced component producers, Malaysia is set to embark on the new national car project.

The project should not be limited to the development of manufacturing capabilities. It should be viewed holistically to include the entire value chain and the ecosystem that makes up the automotive industry. It needs to place emphasis on the development of Research and Development (R&D), new trends and technologies and further spur the growth of the automotive industry in Malaysia as well as other ASEAN Member States.

The New National Car project proposal has to be fully private sector driven with support from the Government in terms of facilitation and assistance based on the companies’ commitments.

Interested parties are welcome to submit proposals not later than 15 October 2018. Proposal can be submitted to:

YBhg. Datin K. TalagavathiDeputy Secretary General's Office (Industry)Ministry of International Trade and Industry

Level 28, MITI TowerNo. 7, Jalan Sultan Haji Ahmad Shah

50480 Kuala LumpurEmail: [email protected]

copy to: [email protected] | [email protected]

Any further enquiries can be directed to:

Puan Maizura Abdul Rashid (03-6200 0567) Encik Md Zakuan Arief Alias (03-6208 4623)

MITI Weekly Bulletin | www.miti.gov.my

Announcements

New National Car Project

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17MITI 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

AnnouncementsTentative Schedule for MITI

Pocket Talks 2018No. Date Venue Topic

1 17-Oct MITI HQ

Introduction to FTA & Preferential Certificate of Origin (PCO)

2 14-Nov MITI Sabah

Introduction to FTA & Preferential Certificate of Origin (PCO)

3 5-Dec MITI HQ

Introduction to FTA & Preferential Certificate of Origin (PCO)

4 12-Dec MITI Sarawak

Introduction to FTA & Preferential Certificate of Origin (PCO)

Please click here to register

Notification On Number Of Characters Allowed For Importing HS Code Under ATIGA For ASEAN Single Window (ASW)

Kindly be informed that number of characters allowed in EPCO system for importing HS code under ATIGA is only up to 10 characters.

Example: The correct data entry for importing HS code: √ (10 digits/10 characters) The correct data entry for importing HS code: √ (8 digits/10 characters) The incorrect data entry for importing HS code: x (10 digits/12 characters)

The new changes will come into effect on 1 September 2018 and involves ONLY ATIGA scheme as to accommodate e-form D ATIGA exchange under ASW platform in accordance to Message Implementation Guide (MIG) ASW which only allow 10 characters for the said matter.

Thus, seek your cooperation to ensure the changes are parallel with the information stated in the Letter of Credit (LC).

we thank you for your continuous support and cooperation.

Senior DirectorTrade And Industry Support DivisionMinistry Of International Trade And Industry3 August 2018

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

Announcements

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

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

Issuance of APEC Business Travel Card is temporarily suspendedImmigration 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

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19MITI 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

Announcements

Registration form are available at https://goo.gl/forms/5WwvDIFzngdquhkF2

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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 New Delhi Name : Hari Mohan Sharma Designation : Clerk MITI New DelhiContact No : 91-11 2415 9300 - ext 137Email : [email protected]

@ Your Service

MITI Weekly Bulletin wishes to convey our deepest condolences

to families and loved ones of the victims of the tsunami and earthquake in Sulawesi, Indonesia

28 September 2018

Condolences...