Weekly MINISTRY OF INTERNATIONAL TRADE AND … Weekly...LNG, chemicals and chemical products, palm...

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VOLUME 525

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N5 March 2019 | NO. ISSN : 2180-0448

Trade Performance for January 2019

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manufactured and mining sector. Exports of manufactured goods recorded a y-o-y growth of 2.9% and mining goods posted a double-digit growth of 23.5%. Meanwhile, exports of agriculture goods contracted by 13.6%.

In January 2019, exports of manufactured goods were valued at RM70.25 billion, accounting for 82.3% share of Malaysia’s total exports. The main contributors to the increase in exports were electrical and electronic (E&E) products which increased by 8.2%, followed by chemicals and chemical products (↑16.7%), jewellery (↑90.8%), optical and scientific equipment (↑7.1%), textiles, apparels and footwear (↑10.7%), as well as wood products (↑5.6%).

Exports of mining goods totalled RM8.96 billion and constituted 10.5% of Malaysia’s total exports. Expansion in exports was contributed mainly by growth in exports of liquefied natural gas (LNG), which was attributed to higher Average Unit Value (AUV) and volume.

Exports of agriculture goods amounted to RM5.62 billion and accounted for 6.6% of total exports. Contraction in exports was mainly due to the decline in exports of palm oil and palm oil-based agriculture products,

Highest January Exports at RM85.41 billion

Malaysia’s trade in January 2019 expanded by 2.1% to reach a value of RM159.3 billion from January 2018. Expansion in trade were seen with China, Taiwan, Saudi Arabia, the Republic of Korea (ROK), Thailand, the United Arab Emirates (UAE) and the United States (US).

Exports posted a stronger year-on-year (y-o-y) growth compared to imports, registering an expansion of 3.1% to RM85.41 billion. This was the highest export value ever recorded for the month of January, surpassing RM82.82 billion registered in January 2018. Imports grew by 1% to RM73.89 billion, resulting in a trade surplus of RM11.52 billion, 19.2% higher compared to January 2018. This was the 255th consecutive month of trade surplus recorded since November 1997.

On a month-on-month (m-o-m) basis, total trade, exports and imports increased by 1.9%, 2.2% and 1.4%, respectively.

Export Performance of Major Sectors

Manufactured & Mining goods continued to Lead Export Growth Export expansion in January 2019 was driven mainly by growth in


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particularly palm oil. Exports of palm oil declined by 16.6% to RM3.27 billion, due to lower AUV.

Major exports in January 2019:

• E&E products, valued at RM34.28 billion and constituted 40.1% of total exports, increased by 8.2% from January 2018;

• Chemicals and chemical products, RM5.18 billion, 6.1% of total exports, increased by 16.7%;

• LNG, RM5.16 billion, 6% of total exports, increased by 37.5%;

• Petroleum products, RM4.61 billion, 5.4% of total exports, decreased by 24.1%; and

• Palm oil and palm oil-based agriculture products, RM3.72 billion, 4.4% of total exports, decreased by 19.5%.

Compared to December 2018, exports of manufactured, mining and agriculture goods expanded by 0.7%, 7.5% and 17.8%, respectively.

Trade Performance with Major Markets

Growing Exports to ASEAN

Trade with ASEAN in January 2019 which constituted 26.3% of Malaysia’s total trade declined by 2.2% to RM41.97 billion compared to January 2018. Exports to ASEAN grew by 3.4% to RM24.98 billion, mainly on the back of higher exports for E&E products, LNG, optical and scientific equipment and crude petroleum.

Breakdown of exports to ASEAN countries:• Singapore RM12.17 billion, increased by

5.4%• Thailand RM5.64 billion, ↑17.1%• Viet Nam RM2.79 billion, ↓8.6%• Indonesia RM2.43 billion, ↓13.8%• Philippines RM1.37 billion, ↓7.6%• Myanmar RM237.7 million, ↑46.7%• Brunei RM193.0 million, ↑5.4%• Cambodia RM149.5 million, ↑63.4%• Lao PDR RM2.9 million, ↑5.5%

Exports to major markets in ASEAN that recorded significant increases were Thailand, which expanded by RM823.3 million due to higher exports of E&E products while Singapore (↑RM627 million, E&E products) and Myanmar (↑RM75.7 million, petroleum products).

Imports from ASEAN were lower by 9.6% to RM16.99 billion. Major imports were E&E products, petroleum products, chemicals and chemical products, as well as machinery,

equipment and parts.

On a m-o-m basis, trade and exports were higher by 2.1% and 6.7%, respectively, while imports declined by 4%.

Exports to China Rebounded

In January 2019, trade with China which absorbed 18.2% of Malaysia’s total trade rose by 14.1% y-o-y to RM28.92 billion. Exports increased by 9.1% to RM11.02 billion on account of higher exports of LNG, chemicals and chemical products, palm oil and palm oil-based agriculture products, petroleum products, as well as metalliferous ores and metal scrap.

Imports from China surged by 17.5% to RM17.9 billion. Major imports were E&E products, machinery, equipment and parts, petroleum products, as well as chemicals and chemical products.

Compared to December 2018, trade and imports expanded by 7.2% and 15.7%, respectively, while exports contracted by 4.2%.

Manufactured Goods Dominated Exports to the EU

Trade with the European Union (EU) slipped by 1.5% y-o-y to RM15.29 billion or 9.6% of Malaysia’s total trade. Exports to the EU grew by 4.3% to RM8.73 billion in January 2019. In terms of products, higher exports were contributed by manufactured goods primarily E&E products, palm oil-based manufactured products, transport equipment, as well as textiles, apparels and footwear. Exports of manufactured goods to the EU rose by 7.1% to RM7.96 billion, accounting for 91.1% of Malaysia’s total exports to the region.

Among the top 10 EU markets which accounted for 91.7% of Malaysia’s total exports to the EU, exports to 6 countries registered increases namely, Spain (↑98.5%), the Czech Republic (↑82.9%), the Netherlands (↑3.2%), Poland (↑25.8%), Belgium (↑8.5%) and France (↑2%).

Imports from the EU contracted by 8.2% to RM6.56 billion. Main imports from this region were E&E products, machinery, equipment and parts, as well as chemicals and chemical products.

On a m-o-m basis, trade and exports to the EU rose by 2.5% and 10%, respectively, while imports decreased by 5.9%.

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Exports to the US Remained Firm

Total trade with the US posted an increase of 2.7% y-o-y to RM13.29 billion and accounted for 8.3% of Malaysia’s total trade. Exports rose by 9.4% to reach RM7.95 billion underpinned mainly by higher exports of manufactured goods which increased by 9.9%. Manufactured exports accounted for 96.1% or RM7.64 billion of Malaysia’s total exports to the US. Expansion in exports were seen for E&E products, optical and scientific equipment, wood products, as well as machinery, equipment and parts.

Imports from the US decreased by 5.9% to RM5.33 billion and the main import products were E&E products, machinery, equipment and parts, as well as chemicals and chemical products.

Compared to December 2018, exports increased by 0.9%, while trade and imports were down by 2.5% and 7.3%, respectively.

Exports to Japan Rose M-o-M

In January 2019, trade with Japan which constituted 7.2% of Malaysia’s total trade slipped by 1.8% y-o-y to RM11.51 billion. Exports decreased by 5% to RM6.67 billion owing mainly to lower exports of LNG, crude petroleum, E&E products as well as iron and steel products. However, higher exports were recorded for petroleum products, chemicals and chemical products, wood products and transport equipment.

Imports from Japan registered an increase of 2.9% to RM4.85 billion. Major imports were E&E products, transport equipment, as well as machinery, equipment and parts.

On a m-o-m basis, trade grew by 0.6% and exports accelerated by 9.5%, while imports reduced by 9.6%.

Resilient Trade with FTA Partners

In January 2019, trade with Free Trade Agreement (FTA) partners increased by 2.3% to a total value of RM99.94 billion and accounted for 62.7% of Malaysia’s total trade.

Exports to FTA partners amounted to RM52.61 billion, an increment of 3.2% and imports grew by 1.2% to RM47.33 billion.

Increases in exports were recorded to China, Thailand, the ROK, Singapore, Myanmar, Cambodia, New Zealand, Pakistan, Brunei and Lao PDR. These countries collectively contributed 63.7% of Malaysia’s exports to FTA partners.

Exports to the ROK surged by 30.5% to RM3.31 billion, attributed mainly to higher exports of LNG, Cambodia (↑63.4% to RM149.5 million, petroleum products), New Zealand (↑12.5% to RM403.8 million, crude petroleum) and Pakistan (↑8.1% to RM394.1 million, palm oil-based manufactured products).

Compared to December 2018, trade, exports and imports rose by 1.7%, 1.1% and 2.3%, respectively.

Other Markets Registering Higher Exports

In January 2019, other markets with significant growth in exports were Taiwan and the UAE. Exports to Taiwan recorded a sturdy growth of 22.3% y-o-y to RM2.84 billion, mainly driven by higher exports of E&E products. Exports to the UAE expanded by 32% to RM896.9 million, on account of higher exports of jewellery.

Import Performance

Total imports in January 2019 increased by 1% y-o-y to RM73.89 billion from RM73.15 billion in January 2018. The three main categories of imports by end use which accounted for 71.7% of total imports were:

• Intermediate goods, valued at RM37.46 billion or 50.7% share of total imports, decreased by 0.8%, following lower imports of parts and accessories of capital goods (except transport equipment) particularly electrical machinery, equipment and parts;

• Capital goods, valued at RM8.98 billion or 12.2% of total imports, declined by 3.3%, due mainly to lower imports of industrial transport equipment particularly aircraft and parts; and

• Consumption goods, valued at RM6.52 billion or 8.8% of total imports, increased by 3.3%, as a result of higher imports of non-durables mainly for pharmaceutical products

Ministry of International Trade and Industry4 March 2019

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Source: Department of Statistics, Malaysia

Malaysia’s trade in January 2019 expanded by 2.1% to reach a value of RM159.3 billion from January 2018.

Exports posted a growth of 3.1% while imports were up by 1.0%.

Total Trade

RM159.3 bil.2.1%

Trade Balance

RM11.5 bil.19.2%

Exports3.1%, RM85.4 bil.

Imports1.0%, RM73.9 bil.

Major Exports Major ImportsE&E Products

2.3%RM21.9 bil.29.7%share

E&E Products


Petroleum Products

20.0%RM5.5 bil.7.5% share

Petroleum Products


Chemicals & Chemical Products


Chemicals & Chemical Products


Imports

Exports

RM85.4 bil.

RM73.9bil.

LNG


Palm Oil & Palm Oil Based Agriculture Products


Machinery, Equipment & Parts


Manufactures of Metal


Trade Performance, January 2019

Note: Percentage refers to y-o-y growth

=-= +






Trade Performance, January 2019M

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Major Export Destinations, January 2019M

alay

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Stat

isti

csLargest export destinations are to Singapore

14.2%

P.R.China12.9%

USA9.3%

Japan7.8%

Hong Kong SAR7.6%

Thailand6.6%

R.O.Korea3.9%

India3.5%

Chinese Taipei3.3%

Viet Nam3.3%

Others27.6%

Total ExportsRM85.4 bil.

Biggest import sources are from P.R. China24.2%

Singapore10.3%

Chinese Taipei7.3%

USA7.2%

Japan6.6%

Thailand5.1%

Indonesia4.2%

R.O.Korea4.2%

Germany3.2%

Saudi Arabia3.0%

Others24.7%

Total ImportsRM73.9 bil.

Major Import Sources, January 2019Note: Percentage refers to share to total exports

Note: Percentage refers to share to total imports



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Trade Performance, January 2019

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Mal

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Digital 2019

Digital 2019: Malaysia

Source: https://datareportal.com/reports/digital-2019



Inte

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Hong Kong SAR Economic Indicators 20177.4 millionP o p u l a t i o n

0.7% annualG r o w t h r a t e

0.3% Employment in Agriculture

13.0% Employment in Industry

86.7% Employment in Services

US$280.3 billionGDP at constant prices

3.8% annualG r o w t h r a t e

US$104.3b i l l i o n

F D I F l o w InwardF D I F l o w Outward

US$82.8 b i l l i o n

US$1.97 t r i l l i o n

F D I Stock InwardF D I S t o c k Outward

US$1.80t r i l l i o n

US$77.1 b i l l i o nCommercialS e r v i c e sI m p o r t s

US$103.6 b i l l i o nCommercialS e r v i c e sE x p o r t s

US$589.9 billionMerchandiseG o o d sI m p o r t s

US$550.3billionMerchandiseG o o d sE x p o r t s

Malaysia's Trade with Hong Kong SAR 2008 - 2018


Source: www.statistics.apec.org

and YOU...

21 Members

28.2

29.1 32.4

31.3

30.1

31.3 37

.0

36.9

37.6 47

.7

74.6

13.5

10.8

12.7

13.6

13.3

10.5

10.8

11.5

12.7

14.0

15.0

41.7 39.945.1 44.9 43.4 41.7

47.8 48.4 50.361.7

89.6

0.0

20.0

40.0

60.0

80.0

100.0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

RM b

illio

n

Exports Imports Total Trade


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

Number and Value of Preferential Certificates of Origin (PCOs)

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

0

20

40

60

80

100

120

140

0

20

40

60

80

100

120

140

9 D

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16 D

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23 D

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30 D

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6 Ja

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13 J

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20 J

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27 J

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3 Fe

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10 F

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17 F

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24 F

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No. o

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of O

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RM m

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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.

0

1,000

2,000

3,000

4,000

5,000

6,000

0

5,000

10,000

15,000

20,000

25,000

30,000

35,0009

Dec

16 D

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23 D

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30 D

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6 Ja

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27 J

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17 F

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24 F

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No. o

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RM m

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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

9 D

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23 D

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30 D

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No.

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Orig

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RM m

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ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

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16 D

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23 D

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30 D

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10 F

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17 F

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24 F

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No. o

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of O

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RM m

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ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

350

0

20

40

60

80

100

120

140

9 D

ec

16 D

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23 D

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30 D

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6 Ja

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13 J

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20 J

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27 J

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3 Fe

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10 F

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17 F

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24 F

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No.

of C

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Orig

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RM m

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ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

1,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

9 D

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16 D

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23 D

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30 D

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6 Ja

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13 J

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20 J

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3 Fe

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10 F

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17 F

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24 F

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No. o

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of O

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RM m

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ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

0

20

40

60

80

100

120

140

160

9 D

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16 D

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23 D

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30 D

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6 Ja

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No.

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Orig

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RM m

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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

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,0009

Dec

16 D

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23 D

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30 D

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6 Ja

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No.

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Orig

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RM m

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Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

9 D

ec

16 D

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23 D

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30 D

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6 Ja

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13 J

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27 J

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3 Fe

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10 F

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17 F

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24 F

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No. o

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of O

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RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)


0

2

4

6

8

10

12

14

16

0.00

0.10

0.20

0.30

0.40

0.50

0.60

9 D

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16 D

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23 D

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30 D

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6 Ja

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13 J

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20 J

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27 J

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17 F

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24 F

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No.

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Orig

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RM m

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Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

200

400

600

800

1,000

1,200

1,400

1,600

9 D

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30 D

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17 F

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24 F

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No. o

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RM m

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Malaysia-Chile Free Trade Agreement (MCFTA)


0

100

200

300

400

500

600

0

50

100

150

200

250

300

350

400

450

500

9 D

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16 D

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23 D

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17 F

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No.

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Orig

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RM m

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Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

9 D

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16 D

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23 D

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30 D

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6 Ja

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17 F

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24 F

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No. o

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RM m

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Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

0

50

100

150

200

250

300

9 D

ec

16 D

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23 D

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30 D

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6 Ja

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13 J

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20 J

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27 J

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3 Fe

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10 F

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17 F

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24 F

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No.

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RM m

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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 2018 - February 2019

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

3.9578

3.8862

4.1867

4.0746

3.70

3.75

3.80

3.85

3.90

3.95

4.00

4.05

4.10

4.15

4.20

4.25

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

2018 2019

RM

USD 1 = RM

0.6150

0.6221

0.5974

0.6048

0.59

0.59

0.60

0.60

0.61

0.61

0.62

0.62

0.63


2018 2019

RM

CNY 1 = RM

12.3963

12.1699

13.0154

11.60

11.80

12.00

12.20

12.40

12.60

12.80

13.00

13.20


2018 2019

RM

THB 100 = RM

3.5615

3.7814

3.6880

3.45

3.50

3.55

3.60

3.65

3.70

3.75

3.80


2018 2019RM

JPY 100 = RM

2.9925

2.9555

3.0453

3.0092

2.90

2.92

2.94

2.96

2.98

3.00

3.02

3.04

3.06


2018 2019

RM

SGD 1 = RM

13.4522

13.2323

13.5766

13.2225

12.50

12.70

12.90

13.10

13.30

13.50

13.70


2018 2019

RM

TWD 100 = RM



Commodity Prices

%*US$380.0

(high)

1 Mar 2019

%*US$350.0

(low)

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.

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-

3.1%*US$65.1

1 Mar 2019

CRUDE PALM OIL -per MT-

0.1%*US$566.5

1 Mar 2019

RUBBER SMR 20 -per MT-

4.6%*US$1,493.5

COCOA SMC 2 -per MT-

0.5%* US$1,657.3

COAL -per MT-

1.4%*US$70.6

SUGAR -per lbs-

5.1%*US¢12.6

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest2018/2019

22 Feb 2019 : US$67.1

4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2

Lowest2018/2019

9 Mar 2018 : US$691.5

Highest2018/2019

22 Feb 2019 : US$567.0

4 Jan 2019 : US$503.8 23 Nov 2018 : US$448.5

Lowest2018/2019

Average Price 2018 i : US$71.5 Average Price 2018 i : US$600.1

Average Price 2018 i : US$1,371.0 Average Price 2018 i : US$1,535.6 Average Price 2018 i : US¢12.3

Average Price 2018 i : US$380.7 (high)Average Price 2018 i : US$359.6 (low)Average Price 2018 i : US$66.9

Domestic Prices1 March 2019

Steel Bars(per MT)

RM2,100– RM2,250

Billets(per MT)

RM2,000 - RM2,100

1 Mar 2019 1 Mar 2019 1 Mar 2019

1 Mar 2019



Commodity Prices 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.

1,518.61,537.3

1,594.1

1,600.4

1,580.8

1,561.0

1,523.2

1,473.5 1,479.4

1,599.1

1,665.6

1,657.3

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar

US$

/mt

Cocoa

2,240

2,241

2,253

2,262

2,286

2,275

2,264

2,2902,300

2,2952,294

2,299

2,200.0

2,220.0

2,240.0

2,260.0

2,280.0

2,300.0

2,320.0

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar

US$

/mt

Pepper

1,249.5

1,289.0

1,281.5

1,369.5

1,379.5

1,343.0

1,341.0

1,335.51,319.0

1,353.0

1,428.0

1,493.5

1,200

1,250

1,300

1,350

1,400

1,450

1,500

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar

US$

/mt

Rubber SMR 20

51.2

45.6 45.3

48.0

51.6

53.8 53.7

55.3

52.7

55.6

57.3

55.8

60.3

53.8

52.2

57.1

60.5

62.761.6

62.862.1

66.367.1

65.1

40

45

50

55

60

65

70


US$

/bbl

Crude Petroleum

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

475.0480.5

503.5503.8

524.0

530.5532.0

529.0

542.0

551.5

567.0 566.5

440

460

480

500

520

540

560

580


US$

/mt

Crude Palm Oil

12.7

12.312.4

11.9

12.8

13.0

12.4

12.612.7

13.0

13.3

12.6

11.5

11.7

11.9

12.1

12.3

12.5

12.7

12.9

13.1

13.3

13.5


US¢

/lbs

Sugar



Commodity Prices Trends

14.6 14.7

15.4

15.815.7

15.4

15.7

15.9

15.8 15.7

16.0

15.3

14.0

14.5

15.0

15.5

16.0

16.5


US$

/oz

Silver

39.7

40.5

41.1

41.1

41.4 41.3

41.3

42.5

42.1 42.3

42.7

42.2

38.0

38.5

39.0

39.5

40.0

40.5

41.0

41.5

42.0

42.5

43.0

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar

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.

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

2,03

0

1,93

9

1,92

0

1,85

4

1,86

3

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400


2018 2019

US$

/ to

nn

e

Aluminium

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 6,22

0

6,19

6

6,07

5

5,93

9

6,30

0

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2018 2019

US$

/ to

nne

Copper

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

12,3

15

11,2

40

10,8

35 11

,523

12,6

85

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000


2018 2019

US$

/ to

nn

e

Nickel

76

.34

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56

67

.15 68

.44

73

.41

73

.26

69

.15

76

.16

88

.22

60.0

65.0

70.0

75.0

80.0

85.0

90.0


2018 2019

US$

/dm

tu

Iron Ore

785.3

799.1

796.4

827.2

818.0

802.1

818.3

826.7

802.5

806.9

845.9

863.7

770.0

780.0

790.0

800.0

810.0

820.0

830.0

840.0

850.0

860.0

870.0


US

$/o

z

Platinum

380.0

350.0 350.0 350.0 350.0

340.0

330.0 330.0

300.0 300.0 300.0

330.0

380.0 380.0

350.0

320.0 320.0 320.0 320.0

310.0

300.0

310.0

290.0 290.0 290.0

310.0

350.0

350.0

250

270

290

310

330

350

370

390

410

30 Nov 7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar

US

$/m

t

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

76.1 76.1

75.2

75.6 75.6

76.376.6

76.3

75.1

73.8

71.6

70.670.0

71.0

72.0

73.0

74.0

75.0

76.0

77.0

78.0


US

$/t

Coal



MIT

I PR

OG

RAM

MES

MITI and Agencies Monthly Assembly28 February 2019



MIT

I PR

OG

RAM

MES

MITI Minister attended 7th RCEP Intersessional Ministerial Meeting inCambodia, 1-2 March 2019



Direct InvestmentDirect investment is a category of international investment that reflects the objective of a resident entity in one economy obtaining a lasting interest in an enterprise resident in another economy. The lasting interest implies the existence of a long-term relationship between the direct investor and the enterprise and a significant degree of influence on the management of the enterprise. An ownership of at least 10 per cent of the voting power of the enterprise is evidence of such relationship. Direct investment covers all transactions between direct investors and direct investment enterprises within the Foreign Direct Investment Relationship (FDIR). Financial instruments covered under direct investment include equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits).

Under sixth edition of the Balance of Payments and International Investment Position Manual (BPM6), direct investment is presented according to assets and liabilities basis. Asset refer to all investment abroad by both direct investors and direct investment enterprises in Malaysia, while liabilities refer to all investment in Malaysia by both direct investor and direct investment enterprises abroad.

Under fifth edition of the Balance of Payments and International Investment Position Manual (BPM5). direct investment is presented according to directional principle basis. DIA is derived by netting off the assets of Malaysia’s direct investor with its liabilities, while FDI is derived by netting off the liabilities of Malaysia’s direct investment enterprises with its assets.Source : External Sector Source Detail : Quarterly Balance Of Payment, DOSM

Disposal of WasteWaste elimination techniques comprising landfills, containment, underground disposal, dumping at sea and all other disposal methods. Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

Dissolve Oxygen (DO)Amount of gaseous oxygen (O2) actually present in water expressed in terms either of its presence in the volume of water (milligrams of O2 per litre) or of its share in saturated water (percentage).Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

Domestic OutputDomestic output is output produced by resident enterprises.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Double DeflationDouble deflation is a method whereby gross value added is measured at constant prices by subtracting intermediate consumption at constant prices from output at constant prices.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM


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Application)

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Information Technology

Officer

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Assistant Director

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Technology Officer

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Senior Assistant Director

Information Management

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