Weekly MINISTRY OF INTERNATIONAL TRADE AND ... Weekly...Mahathir, warned those who sell their APs...

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

VOLUME 527

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N19 March 2019 | NO. ISSN : 2180-0448

MITI AIMS TO BE FULLY TRANSPARENT ON THE ISSUANCE OF OPEN APPROVED PERMITS (APS) FOR VEHICLES AND MOTORCYCLES

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One of the main contentions about the implementation of the Approved Permit (AP) policy in the past has been allegations that these APs were given to a small number of well-connected individuals and companies which then quickly sold the APs to other parties for a quick profit. These allegations led many people to ask for the abolition of the AP policy.

Under Pakatan Harapan (PH), we are committed to ensuring that only genuine Bumiputera entrepreneurs are able to obtain these APs. In September 2018, our Prime Minister, Tun Dr. Mahathir, warned those who sell their APs for a quick profit will find their permits being cancelled.1

MITI’s statement on the 13th of March, 2019 outlined some of the stringent conditions by which existing AP holders as well as new applicants were evaluated before their APs were issued in 2019.2

These companies:

1) Must be 100% Bumiputera-owned companies based on their registration with the Companies Commission of Malaysia (CCM)

2) Must have paid up capital of at least RM1 million

3) Must have experience of at least 2 years in selling and distributing motor vehicles

4) Must not have directors / shareholders / management team with shares in other companies holding open APs

5) Must have a minimum of 5 full-time staff in management, marketing and the technical departments

6) Must have a suitable showroom and office

7) Must have the financial and managerial capabilities to operate a business to sell imported vehicles via Open APs

Once a company has been allocated Open APs, they must comply with the additional requirements:

1) Any change in the equity holdings and the

directors of any company must obtain the approval of MITI before this can be executed

2) No usage of middle-men or intermediary companies to sell these Open AP vehicles

3) Opening of new branches to sell vehicles obtained via the Open AP must have the approval of MITI

4) The vehicles must be displayed or stored in a MITI-approved premise

5) The documents for importation (Bill of Lading / Airway Bill) must not be more than 1 month from the date when the company submitted its AP application to MITI. The name of the company in these documents must be the same as the name of the company in the MITI application and approval forms.

6) The company must produce the imports and sales figures as well as the record of inventory to MITI before the 10th of every month

7) The APs must be used in the year of approval which is before the 31st of December every year

8) The company must prepare a warranty of at least one year and have an agreement with the Original Equipment Manufacturer (OEM) to provide after sales services

As a result of these stringent application and approval conditions, only 164 out of 282 applications were approved by MITI. Out of these 164 approved applicants, 128 are existing companies and 36 are companies which previously did not receive any APs (termed as “new” companies). Out of 109 applications by new companies, only 36 were approved.

Although there are no longer hard caps on the number of APs which can be issued in one year, there are definitely hard caps on the maximum number of APs which a company can obtain. For companies which have not obtained APs in the past and which have a paid up capital of RM1 million, the maximum number of APs for passenger cars which can be obtained is 60 per company. For existing players with a paid up capital of RM2 million, RM3 million, and RM4 million, the maximum number of APs which can

1 https://paultan.org/2018/09/03/aps‐sold‐for‐quick‐profits‐will‐be‐cancelled‐tun‐m/ 2 https://www.miti.gov.my/miti/resources/Media%20Release/Media_Release_‐_New_Open_AP_Policy_Implementation.pdf


MITI Weekly Bulletin | www.miti.gov.my

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sebe obtained by these companies are 120, 180, and 240 respectively (See Table 1 below). The rationale of capping the number of APs for companies which have not received APs in the past is to ensure that these companies have the financial and sales capability to sell up to 60 vehicles first in their first year before they can increase their quota of APs in the future, based on their paid-up capital.

Raja, Klang4 ; Tan Chong Motors assembles the current Nissan models in its plant in Serendah, near Rawang.5 Even Mercedes-Benz has a local plant in Pekan, Pahang6 assembling plug-in hybrids while BMW has a local plant in Kulim, Kedah7.

With the localisation of the domestic passenger car market, APs are no longer as commercially lucrative as they once were. Car sales in Malaysia and globally have slowed down and the accumulation of the stock of imported luxury cars have dampened the local market conditions. With a RM10,000 price tag per AP plus the investment needed for showrooms and paid up capital, only genuine and competitive players can remain in the market.

MITI continues to push for greater transparency in our AP policy. The full list of ALL 164 AP holders has been published in MITI’s website8 . We encourage the public to report any information regarding AP holders who may be attempting to sell their APs to third parties to [email protected] or to call the hotline (603) 6208 4970 or to write to “Director, Export and Import Control Section, MITI, Level 7, Menara MITI, No.7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia”.

Source: Media Statement by Dr. Ong Kian MingDeputy Minister of International Trade and Industry (MITI)

3 https://www.honda.com.my/corporate/press_release_details/618/Honda‐Malaysia‐Celebrates‐Historical‐Double‐Achievements‐Of‐600,000th‐Unit‐Production‐And‐100,000‐Sa



NEW OPEN AP POLICY IMPLEMENTATIONM

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The Ministry of International Trade and Industry (MITI) has implemented the New Open AP Policy beginning 1 January 2019. The implementation is in line with the Government's decision on 23th December 2015 to continue the policy with some improvements including providing the opportunity to new Bumiputera entrepreneurs to participate in the industry. The new policy which should be implemented beginning 1st January 2017 was postponed for almost 2 years due to uncertainties in the domestic automotive market.

Open AP is an import permit facility given by MITI to qualified Bumiputera companies to import reconditioned vehicles for sales in the domestic market. The companies are subjected to the conditions and rules imposed by MITI.

The objectives of this new policy are:

i) to promote the development of the new Bumiputera entrepreneurs in the automotive industry;ii) to ensure the policy continues to contribute to the country’s socio-economic goals; andiii) to create market competitiveness that will benefit the consumers especially in terms of the prices and services.

Nearly 300 applications were received by MITI when an offer for application to become an Open AP company was made from 23rd May 2016 to 21st June 2016. The offer which was made through a media statement dated 13th May 2016 was published in MITI’s portal and the mass media.

After an evaluation process, including an audit by a qualified independent auditor, the number of companies that qualified is 164 companies, in which 128 are existing companies and 36 are new. The conditions that need to be fulfilled, among others are, the company must be 100 per cent owned by Bumiputera including the key management posts, has at least 2 years of experience in selling and distributing the motor vehicles, and a strong financial position.Under the new policy, there is no limit to the overall number of AP to be released throughout the year and companies may apply for additional AP based on their sales performance. At the moment, most of the new companies are not fully in operation yet as they are finalising the technical and operational matters.

MITI will continuously monitor and undertake scheduled and on-site audit exercises upon these Open AP companies. Under the new policy, if there is a breach of any of the conditions, MITI will take decisive measures including:

i) withdrawing or suspending the allocated and approved AP;ii) blacklisting the companies (including every shareholder and board member of the company) from submitting any future application on Open AP; andiii) taking a legal action against the company.

In 2018, MITI has blacklisted 9 existing companies for offenses - not complying with theconditions.

The details on current qualification as an Open AP company and the latest list of Open AP companies have been published in MITI’s portal, www.miti.gov.my. MITI welcomes complaint or feedback on issues related to the abuse of the AP facility. Complaint can be emailed to [email protected] and the identity of the complainant will be kept confidential.

For further enquiries you may contact:DirectorExport and Import Control SectionMinistry of International Trade and Industry (MITI)Level 7, Menara MITINo. 7, Jalan Sultan Haji Ahmad Shah50480 Kuala LumpurMALAYSIA

Telephone Number: (603) 6208 4970Facsimile Number : (603) 6206 2823E-mail address : [email protected]


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


2nd BILATERAL COORDINATING COMMITTEE OF THE LOOK EAST POLICY 2.0 BETWEEN MALAYSIA AND JAPAN

8 MARCH 2019

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The Government of Japan and the Government of Malaysia held the 2nd Bilateral Coordinating Committee (BCC) Meeting of the Look East Policy 2.0 (LEP 2.0) on March 8, 2019 in Tokyo. The BCC was co-chaired by Mr. Shigeki Takizaki, Director General of the Southeast and Southwest Asian Affairs Department of the Ministry of Foreign Affairs of Japan, and Dato’ Sri Norazman Ayob, Deputy

Secretary General (Trade) of the Ministry of International Trade and Industry of Malaysia, respectively. Officials from relevant government agencies from each side were also present at the meeting.

Both Governments hailed the efforts and contributions made by each Government since the 1st BCC meeting in 2016 and had successful discussions on the ongoing and future projects under the LEP 2.0 platform, namely the special preparatory program for Malaysian Government scholarship students, the LEP 2.0 training program, science and technology research partnership and bilateral cooperation projects.

Participants also welcomed the momentum for revitalising the Look East Policy following the appointment of Tun Dr. Mahathir bin Mohamad, who is the founding father of the Look East Policy that was first advocated in 1982, as the 7th Prime Minister of Malaysia in May 2018. These reform initiatives will provide opportunities for Japan and Malaysia to deepen bilateral engagement and promote further collaboration, especially in the areas under the Fourth Industrial Revolution.

Both countries acknowledged the need to incorporate new trends in the bilateral cooperation into the framework of LEP 2.0 so that LEP 2.0 reinforces its relevance as the platform for implementing the Look East Policy concept and projects. The two countries also agreed to hold the 3rd BCC meeting in Malaysia next year.

[Note]The Look East Policy was originally formulated in 1982 by Tun Dr. Mahathir bin Mohamad, who was at

that time, the 4th Prime Minister of Malaysia. The Look East Policy celebrated its 30th Anniversary in 2012 and both the Prime Ministers of Japan and Malaysia had agreed a year later to establish a framework of the LEP 2.0.

Since its inception in 1982 and most notably since the 1st BCC Meeting in 2016, the Look East Policy has contributed significantly to enhancing the overall bilateral cooperation between Malaysia and Japan in many areas such as education, human resource development as well as science and technology.

Ministry of International Trade and Industry11th March 2019



Mal

aysi

a St

atis

tics

Manufacturing PerformanceJanuary 2019

Malaysia's manufacturing sales grew 7.0% in January 2019

to RM72.5 billion

Manufacturing Indicators

Sales Value 7.0%

RM72.5 bil

Salaries & Wages

8.9%RM4,072.7 mil

Perfomance of sales in manufacturing sector

January RM 72.5 billion 2019 7.0%

Food, Bevarages & Tobacco 7.0%

Non-Metallic Mineral Products, Basic Metal & Fabricated Metal Products 3.3%

Wood, Furniture, Paper Products & Printing 3.7%

Petroleum, Chemical, Rubber & Plastic 9.2%

Electrical & Electronic Products 6.3%

Transport Equipment & Other Manufactures 7.7%

Textile, Wearing Apparel, Leather & Footwear 5.6%

Number of Employees 2.0%

1,091,560 persons

Sales Value Per Employees 4.9% RM66,392

Note: % refers to year on year change

Source: Department of Statistics, Malaysia


Mal

aysi

a St

atis

tics


Industrial Production Index (IPI)M

alay

sia

Stat

isti

csMalaysia's IPI increased by 3.2%

in January 2019

Jan 2019 117.4 Jan 2018 113.8

3.2%

Electricity 7.8%

Manufacturing 4.2%

Mining -0.9%

Manufacturing

Transport Equipment & Other Manufactures 6.3%

Wood, Furniture, Paper Products & Printing

5.7%

Petroleum, Chemical, Rubber & Plastic

4.0%

Textile, Wearing Apparel, Leather &

Footwear 5.4%

Electrical & Electronic Products

3.9%

Non-Metallic Mineral Products,Basic Metal & Fabricated Metal

Products4.3%

Food, Bevarages & Tobacco

2.6%

Crude oil -2.2%

Natural Gas 0.3%

Mining





Mal

aysi

a St

atis

tics

Wholesale stood at RM108.9 billion

in January 2019

Sales Value of Wholesale & Retail Trade, January 2019

Performance by Sub-sector

Volume Index of Wholesale & Retail Trade, January 2019

Performance by Sub-sector Volume index rose 7.9%

in January 2019





Inte

rnat

iona

l St

atis

tics

Japan Economic Indicators 2017126.8 millionP o p u l a t i o n

-0.2% annualG r o w t h r a t e

3.5% Employment in Agriculture

25.6% Employment in Industry

70.9% Employment in Services

US$6.16 trillionGDP at constant prices

1.7% annualG r o w t h r a t e

US$10.4billion

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

US$160.4billion

US$207.5 billion

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

US$1.5Trillion

US$188.9billionCommercialS e r v i c e sI m p o r t s

US$180.0 billionCommercialS e r v i c e sE x p o r t s

US$671.9billionMerchandiseG o o d sI m p o r t s

US$698.1billionMerchandiseG o o d sE x p o r t s

Malaysia's Trade with Japan 2008 - 2018


Source: www.statistics.apec.org

and YOU...

21 Members

70.69

53.3566.76

81.37 83.40 79.20 82.6272.68

63.7475.60

69.06

64.88

54.32 66

.53

65.36

62.37

56.36

54.71

53.58 56.98 63

.61

63.51

135.57

107.66

133.30146.73 145.77

135.56 137.33126.27 120.73

139.21132.57

0

20

40

60

80

100

120

140

160

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

RM billion

Exports Imports Total Trade



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

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No. o

f Cer

tific

ate

of O

rigin

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

5,000

10,000

15,000

20,000

25,000

30,000

35,00023

Dec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

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

3,000

0

200

400

600

800

1,000

1,200

1,400

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

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

350

0

20

40

60

80

100

120

140

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

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

100

200

300

400

500

600

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

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

0

20

40

60

80

100

120

140

160

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

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




0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

700

800

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

2

4

6

8

10

12

14

16

0.00

0.10

0.20

0.30

0.40

0.50

0.60

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

100

200

300

400

500

600

0

50

100

150

200

250

300

350

400

450

500

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


Number and Value of Preferential Certificates of Origin (PCOs)

0

50

100

150

200

250

300

0

20

40

60

80

100

120

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)


0

20

40

60

80

100

120

0

200

400

600

800

1,000

1,200

1,400

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

100

200

300

400

500

600

0

20

40

60

80

100

120

140

160

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

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

300

23 D

ec

30 D

ec

6 Ja

n

13 J

an

20 J

an

27 J

an

3 Fe

b

10 F

eb

17 F

eb

24 F

eb

3 M

ar

10 M

ar

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 2018 - February 2019

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

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

7.8384

7.4635

7.9362

7.8147

6.50

6.70

6.90

7.10

7.30

7.50

7.70

7.90

8.10


2018 2019

RM

PHP 100 = RM

0.0174

0.0171

0.0180

0.0175

0.0166

0.0168

0.0170

0.0172

0.0174

0.0176

0.0178

0.0180

0.0182


2018 2019

RM

VND 100 = RM

50.6090

49.5163

53.4695

51.9208

47.00

48.00

49.00

50.00

51.00

52.00

53.00

54.00


2018 2019RM

HKD 100 = RM

0.0296

0.0274

0.0291 0.0290

0.025

0.026

0.026

0.027

0.027

0.028

0.028

0.029

0.029

0.030

0.030


2018 2019

RM

IDR 100 = RM

6.2202

5.6504

5.7229

5.50

5.60

5.70

5.80

5.90

6.00

6.10

6.20

6.30


2018 2019

RM

INR 100 = RM



%*US$380.0

(high)

15 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.

Commodity Prices

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated

CRUDE PETROLEUM (BRENT) -per bbl-

2.2%*US$67.2

15 Mar 2019

CRUDE PALM OIL -per MT-

1.1%*US$543.0

15 Mar 2019

RUBBER SMR 20 -per MT-

1.6%*US$1,475.0

COCOA SMC 2 -per MT-

6.5%* US$1,491.3

COAL -per MT-

%*US$69.1

SUGAR -per lbs-

2.8%*US¢12.5

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest2018/2019

15 Mar 2019 : US$67.2

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 Prices15 March 2019

Steel Bars(per MT)

RM2,100– RM2,250

Billets(per MT)

RM2,000 - RM2,100

15 Mar 2019 15 Mar 2019 15 Mar 2019

15 Mar 2019


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

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.

1,594.1 1,600.4

1,580.8 1,561.0

1,523.2

1,473.51,479.4

1,599.1

1,665.61,657.3

1,594.4

1,491.3

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

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

US$

/mt

Cocoa

2,253

2,262

2,286

2,275

2,264

2,290

2,3002,295

2,294

2,299

2,288

2,289

2,200.0

2,220.0

2,240.0

2,260.0

2,280.0

2,300.0

2,320.0

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

US$

/mt

Pepper

1,281.5

1,369.5

1,379.5

1,343.0

1,341.0

1,335.5

1,319.0

1,353.0

1,428.0

1,493.5

1,452.0

1,475.0

1,200

1,250

1,300

1,350

1,400

1,450

1,500

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

US$

/mt

Rubber SMR 20

45.3

48.0

51.6

53.8 53.7

55.3

52.7

55.6

57.3

55.8 56.1

58.5

52.2

57.1

60.5

62.761.6

62.862.1

66.367.1

65.165.7 67.2

40

45

50

55

60

65

70


US$

/bbl

Crude Petroleum

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

503.5503.8

524.0530.5

532.0

529.0

542.0

551.5

567.0 566.5

549.0

543.0

440

460

480

500

520

540

560

580


US$

/mt

Crude Palm Oil

12.4

11.9

12.8

13.0

12.4

12.6 12.7

13.0

13.3

12.6

12.2

12.5

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



15.4

15.8

15.7

15.4

15.7

15.9

15.8

15.7

16.0

15.3

15.315.3

15.0

15.2

15.4

15.6

15.8

16.0

16.2


US$

/oz

Silver

41.1 41.1

41.4

41.3 41.3

42.5

42.1

42.3

42.7

42.2

41.7 41.9

40.5

41.0

41.5

42.0

42.5

43.0

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

Commodity Price Trends

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

796.4

827.2

818.0

802.1

818.3

826.7

802.5

806.9

845.9

863.7

817.6

831.8

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

350.0 350.0 350.0

340.0

330.0 330.0

300.0 300.0 300.0

330.0

380.0 380.0 380.0 380.0

320.0 320.0 320.0

310.0

300.0

310.0

290.0 290.0 290.0

310.0

350.0 350.0 350.0

350.0

250

270

290

310

330

350

370

390

410

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

US

$/m

t

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

75.275.6 75.6

76.3 76.6 76.3

75.1

73.8

71.6

70.6

69.1

69.1

65.0

66.0

67.0

68.0

69.0

70.0

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 Minister at the Malaysia Investment Performance Report 2018, 14 March 2019



MIT

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OG

RAM

MES

The International Engineering Sourcing Show (IESS) VIII in Chennai, India From 14 - 16 March 2019

A total of 100 Malaysian companies participated in this event



MITI Deputy Minister at the Investment Data Briefing Session 14 March 2019

More than 50 Investment analysts attended the briefing

MIT

I PR

OG

RAM

MES



MIT

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OG

RAM

MES

MITI Minister and Minister of Trade, Industry and Energy (MOTIE), ROK signed a Memorandum of Understanding (MOU) on industrial cooperation in pursuant to the Fourth Industrial Revolution (Industry4WRD), witnessed by the Honorable Prime Minister,

Tun Dr. Mahathir Mohamad and South Korean President13 March 2019

more than 50 Investment ana-lysts attended the briefing



Education(i) No formal educationRefers to persons who have never attended school in any of the educational institutions that provide formal education.(ii) PrimaryRefers to those whose highest level of education attained is from Standard 1 to 6 or equivalent.(iii) SecondaryRefers to those whose highest level of education attained is from Form 1 to 5 (including remove class), General Certificate of Education (GCE) O Level or equivalent. This includes basic skill programmes in specific trades and technical skills institutions whereby the training period is at least six months, such as GIATMARA programmes.(iv) TertiaryRefers to those whose highest level of education is above Form 5.Source : Labour Force and Social Statistics Source Detail : Labour Force and Social Statistics, DOSM

EmissionDischarge of pollutants into the atmosphere from stationary sources such as smokestacks, other vents, surface areas of commercial or industrial facilities and mobile sources for example, motor vehicles, locomotives and aircraft.Source : Environment Source Detail : Compendium of Enviroment Statistics Malaysia, DOSM

EmployedAll persons who, at any time during the reference week worked at least one hour for pay, profit or family gain (as an employer, employee, own-account worker or unpaid family worker).They are also considered as employed if:Did not work during the reference week because of illness, injury, disability, bad weather, leave, labour dispute and social or religous reasons but had a job, farm, enterprise or other family enterprise to return to.Temporary laid-off with pay and would definitely be called back to work.Employed less than 30 hours during the reference week because of the nature of their work or due to insufficient work and are able and willing to accept additional hours of work. This group is underemployed.Source : Labour Force and Social Statistics Source Detail : Labour Force Survey Report, DOSM


Senior Administrative

Assistant

MITI @ Your Service

Lina Haji Shamri

OperationalAssistant

Aznan Ariffin

OperationalAssistant

Shatin Shahelah Shahrom

AdministrativeAssistant

Mohd Nazri bin Jalani

Administrative Assistant

Nazwin binti Ishak@Ismail


Nazima Jasuri


Khairul Izwan Abdul Karim


Noorismazira Mat Isa

Shafie Paduka

Haslina Md Salim


Akmal Zainatun

MohamedAdministrative

Assistant

Mohd Soufie Mohd AsmoniAdministrative

Assistant

Mohd Shah Abdul Wahab


Ros Fazilah Othman


Norasimah Mohammad

FuadAdministrative

Assistant

Norfitri Hamdani


Din Md Saad

Mazni Mahmud

AssistantAccountant

Mohd Hisham HusainAssistant

Accountant

Nor Aslinda Mohd Nor

AssistantAccountant

Nazilahwati Rabaie

AssistantAccountant

Arlina Ruhaini ArbainAssistant

Accountant

Nurulhuda Mohamed

KassimAssistant

Accountant

Assistant Accountant

Mohamad Zaidi

AbdullahSenior Assistant

Accountant

Syed Fadzil Syed

MohamadAssistant

Administrative Officer

Mona Aida Hamzah


Iqram Mohd Idrus


Rozita Majid


Salina Zainol Abidin

Assistant Administrative

Officer

Farah Hazwani MuhamatAssistant

Accountant

Nur Syarmini Syakirah Che Abd. Llah

PA to Director

Kalithasan a/l KaliappanDirector of

Finance Division

Rafeah Khafidah KamarudinPrincipal Assistant Director

Mazni BidinPrincipal Assistant Director

Nurazmiah AzriPrincipal Accountant

Shireen Aida Shamsul KhalilPrincipal Assistant Director

Pathmanathan a/l RajooPrincipal Assistant Director

Shazila SharudinSenior Assistant Director

Rasyiqah RadzuanAssistant Director

Mar Izwan bin MarzukiAssistant Director

Email: [email protected]

Senior Administrative

Assistant

Anis Maisarah AzmiAssistant Director

Ezuin Razali

Aizuddin @ Salim Musa

Assistant Engineer


Finance Division


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

PROGRAMME

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD

For more information, kindly visit:https://www.dosm.gov.my/v1/index.php?r=column/cone&menu_id=N0FVaDR4Y1hGMk1NNi9jS2ZQRFFLZz09#

For more information, kindly visit http://www.isi2019.org/

ANNO

UNCEM

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Tentative Schedule for MITI Pocket Talks 2019

Please click here to register

NO DATE VENUE TOPIC

1 11 April (Thursday)

MITI HQ (SEMINAR 1)

2 16 May (Thursday) MITI JOHOR

3 20 June (Thursday)

MITI HQ (SEMINAR 1)

4 18 July (Thursday)

MITI PAHANG

5 22 August (Thursday)

MITI HQ (SEMINAR 1)

6 19 September (Thursday) MITI PERAK

7 17 October (Thursday)

MITI HQ (SEMINAR 1)

8 14 November (Thursday)

MITI KELANTAN

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

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For more information, kindly click the following links:https://www.miti.gov.my/miti/resources/Preferential%20Certificate%20of%20Origin/Announcement/LAMPIRAN-ASW_

NOTICE_082018_-_Update_on_Number_of_Characters_for_Importing_HS_Code.pdf

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Weekly MINISTRY OF INTERNATIONAL TRADE AND ... Weekly...Mahathir, warned those who sell their APs...

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