24 July 2018 - MiTi

1 downloads 255 Views 4MB Size Report
Jul 18, 2018 - SCRAP IRON HMS. -per MT-. 20 July 2018 :US$390.0(high), unchanged ..... MITI Sarawak. • Introduction to
MITI established a task force on US-China trade conflict

MEDIA RELEASE

It is a real concern that in recent months, we have seen the spectre of protectionism on the rise. The protectionist measures started when the US initiated investigations in 2017 under the auspices of its Trade Act of 1974 and Trade Expansion Act of 1962. The US-China trade conflict began on 22 January 2018 when the US imposed the global safeguard measures on solar panels and washing machines. Tensions further escalated when the US invoked section 232, Trade Expansion Act of 1962 and imposed additional tariffs against aluminium and steel imports on national security grounds. These actions have resulted in numerous announcements and actions by China–retaliating against the measures taken by the US. Trade conflict is never a beneficial move for any country simply because trade restrictions and retaliatory measures would hurt everyone, especially small countries. The conflict has not only affected the US and China but also sparked retaliatory measures by many other aggrieved countries. Among the retaliatory measures are safeguard investigations launched by European Union (EU) in March 2018 on 23 iron and steel products and followed by Turkey against numerous iron and steel products in May 2018. It did not stop there as Canada too is considering both quotas and tariffs to stop a spike in imports of foreign steel being diverted from the US. Looking at this upsetting trend, a vicious protectionist cycle will ensue and pose a threat to world trade. Countries should halt the spread of protectionism and instead, be actively engaged in finding amicable solutions and resolving trade issues through multilateral dialogue such as the World Trade Organisation (WTO). This is to ensure that trade policies can be effective in strengthening the multilateral trading system. Hence, the Malaysian Government will continue to work with all countries to ensure that protectionism is not the preferred path in any country’s policy formulation. Malaysia will also highlight our concerns at the ASEAN and APEC fora. With a view to monitor and coordinate the feedback from various stakeholders against the backdrop of escalating US-China’s trade conflict, Ministry of International Trade and Industry (MITI) has established a task force in July 2018 with the aim to monitor and assess the developments of the US-China trade conflict and well as formulate strategies to mitigate the impact of trade protectionism. The task force will also act as a focal point for stakeholders to present their views, comments, and feedback. Companies operating in Malaysia are encouraged to reach out to this task force on any challenges they are facing due to the on-going trade tension. The task force can be reached at [email protected]. Ministry of International Trade and Industry 18 July 2018

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

1

MITI Weekly Bulletin

|

www.miti.gov.my

MALAYSIA EMPLOYMENT STATISTICS FOURTH QUARTER 2017

Semi-skilled recorded highest percentage share in labour demand with 62.1% positions, 62.3% filled postions and 53.8% vacancies. Skilled category contributed 59.0% of job created.

Source: Quarterly Employment Survey, Department of Statistics, Malaysia MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

2

MITI Weekly Bulletin

|

www.miti.gov.my

LABOUR DEMAND BY ECONOMIC ACTIVITY FOURTH QUARTER 2017

Source: Quarterly Employment Survey, Department of Statistics, Malaysia MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

3

MITI Weekly Bulletin

|

www.miti.gov.my

Source: Monthly Labour Force Survey, Department of Statistics, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

4

MITI Weekly Bulletin

|

www.miti.gov.my

International Report

Malaysia ranked the number one exporter of soap in the form of flakes, granules, powder, paste or in aqueous solution* in 2017

1) MALAYSIA US$382.6m | 20.4%

2) INDONESIA 15.4%

| US$289.1m

3) USA US$126.2bm

|

6.7%

4) ITALY 6%

|

US$112.5m

5) GERMANY US$95.5m

Malaysia’s top five export destinations for soap in the form of flakes, granules, powder, paste or in aqueous solution* in 2017

|

5.1%

US$38.9m

UAE 10.4%*

MALAYSIA US$35.9m

NIGERIA 9.4%* US$23.0m

EGYPT 6.0%*

US$24.6m

US$30.0m

TURKEY

INDIA

6.4%*

Note : Refers to HS340120 * Share in Malaysia's exports Source : http://www.trademap.org/Index.aspx MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

7.8%*

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

5

MITI Weekly Bulletin

|

www.miti.gov.my

ASEAN Economic Indicators 2017 Malaysia ranked fourth in ASEAN total trade with the contribution of 16.5% to total exports and 15.7% to total imports.

Land Area (km2)

Population1

GDP*

(mil. persons)

(US$ bil.)

4.5 mil.

642.4

GDP per Exports3 Imports3 Capita2(US$*) (US$ mil.) (US$ mil.)

FDI4 (US$ bil.)

2,765.7 4,305 1,313.6 1,241.5 137.0

Singapore 719

5.6

324.0

57,722

67.7

455.7

6,736

236.7

222.8

9.1

93.7

223.9

2,390

213.9

210.6

14.1

32.0

317.0

9,892

217.8

195.1

9.4

262.2

1,013.9

3,867

168.8

157.0

23.1

104.9

313.9

2,992

68.3

107.9

10.0

53.4

65.6

1,229

13.9

19.2

4.3

383.3 317.7

62.0

Thailand

513,120 Viet Nam

331,231 Malaysia

331,388 Indonesia

1,913,579 Philippines

300,000 Myanmar

676,576 Lao PDR

236,800

6.8

17.1

2,531

3.6

4.8

1.7

5,765

0.4

12.2

28,466

4.8

3.1

0.5

15.7

22.3

1,421

2.6

3.3

2.7

Brunei

Cambodia

181,035

Note: * at current prices 1 Refers to/based on mid-year total population based on country projections 2 Based on AMSs data submission to ASEANstats and Official National Statistical Offices website 3 ASEAN IMTS Database preliminary 2017 figures are as of End May 2018 4 FDI 2017 figures are preliminary as of 30 June 2018 Source: https://data.aseanstats.org/ MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

6

MITI Weekly Bulletin

|

www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)

0

0

Total CO

Total FOB (RM mil.)

140

1,000 900

400

150

300

100

200

50

0 29 Apr

15 Jul

8 Jul

15 Jul

8 Jul

0

Total FOB (RM mil.)

Generalised System of Preferences (GSP)

Total CO

180

140

30

120

25

100

20

80

15

60

10

40

Total FOB (RM mil.)

15 Jul

8 Jul

1 Jul

24 Jun

17 Jun

10 Jun

3 Jun

27 May

20 May

13 May

0

6 May

20

0 29 Apr

5

No. of Certificate of Origin

160

35

RM mil.

1 Jul

200

Total CO

40

1 Jul

400

15 Jul

8 Jul

1 Jul

24 Jun

17 Jun

10 Jun

3 Jun

27 May

20 May

13 May

6 May

29 Apr

600

20

0

Total FOB (RM mil.)

24 Jun

800

40

100

0

1,000

60

15 Jul

500

8 Jul

200

1,200

80

1 Jul

600

10 Jun

250

1,400

100

3 Jun

700

27 May

300

1,800 1,600

120

20 May

800

RM mil.

350

Total CO

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

13 May

ASEAN-India Free Trade Agreement (AIFTA)

400

0

29 Apr

15 Jul

8 Jul

1 Jul

24 Jun

17 Jun

10 Jun

3 Jun

27 May

20 May

13 May

6 May

29 Apr

0

Total FOB (RM mil.)

50

20

200

24 Jun

100

100

40

10 Jun

400

150

60

3 Jun

200

80

27 May

600

20 May

800

300

200

100

13 May

1,000

400

250

6 May

500

300

120

RM mil.

1,200

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

No. of Certificate of Origin

140

Total CO

No. of Certificate of Origin

1,400

No. of Certificate of Origin

160

24 Jun

29 Apr

15 Jul

8 Jul

1 Jul

24 Jun

17 Jun

10 Jun

3 Jun

27 May

20 May

13 May

6 May

29 Apr

600

0

0

Total FOB (RM mil.)

1,600

No. of Certificate of Origin

500

Total CO

ASEAN-Korea Free Trade Agreement (AKFTA)

700

RM mil.

1,000

0

Total FOB (RM mil.)

RM mil.

1,000

6 May

0

2,000

17 Jun

1,000

1,000

1,500

17 Jun

2,000

3,000

17 Jun

2,000

2,000

10 Jun

3,000

4,000

3 Jun

3,000

4,000

2,500

27 May

5,000

3,000

5,000

20 May

4,000

No. of Certificate of Origin

RM mil.

6,000

RM mil.

5,000

7,000

No. of Certificate of Origin

6,000

8,000

13 May

9,000

ASEAN-China Free Trade Agreement (ACFTA)

6,000

7,000

6 May

ASEAN Trade in Goods Agreement (ATIGA)

10,000

Total CO

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

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

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

7

MITI Weekly Bulletin

|

www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)

100

0

Total CO

Total FOB (RM mil.)

Malaysia-Turkey Free Trade Agreement (MTFTA)

0

No. of Certificate of Origin

15 Jul

8 Jul

1 Jul

24 Jun

17 Jun

15 Jul

8 Jul

1 Jul

24 Jun

15 Jul

50

0

8 Jul

50

1 Jul

100

24 Jun

100

17 Jun

150

10 Jun

200

150

3 Jun

200

27 May

250

20 May

300

250

13 May

300

6 May

350

29 Apr

17 Jun

400

350

Total FOB (RM mil.)

Total CO

No. of Certificate of Origin

400

RM mil.

10 Jun

0

29 Apr

15 Jul

8 Jul

1 Jul

24 Jun

17 Jun

10 Jun

3 Jun

27 May

20 May

13 May

0

6 May

100

20

10 Jun

10

200

40

3 Jun

200

20

300

60

27 May

30

400

80

20 May

300

600 500

13 May

40

Malaysia-Australia Free Trade Agreement (MAFTA)

100 RM mil.

400

50

Total CO

No. of Certificate of Origin

120

60

No. of Certificate of Origin

500

70

Total FOB (RM mil.)

3 Jun

29 Apr

Total FOB (RM mil.)

140

29 Apr

0

Total CO

Malaysia-India Comprehensive Economic Cooperation Agreement 600 (MICECA)

0

20

0

15 Jul

8 Jul

1 Jul

5

6 May

Total FOB (RM mil.)

24 Jun

17 Jun

10 Jun

3 Jun

27 May

20 May

0

13 May

0.00

6 May

2

29 Apr

0.05

40

27 May

4

20 May

0.10

60

10

13 May

6

15

6 May

8

0.15

80

RM mil.

10

0.20

100

20

No. of Certificate of Origin

12

No. of Certificate of Origin

15 Jul 120

14

0.25

RM mil.

Total CO

Malaysia-Chile Free Trade Agreement (MCFTA)

25

16

8 Jul

29 Apr

15 Jul

8 Jul

24 Jun

17 Jun

10 Jun

3 Jun

27 May

20 May

13 May

29 Apr

1 Jul

Total FOB (RM mil.)

0.30

80

0

Total CO

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

0.35

RM mil.

0

0

Total FOB (RM mil.)

50

1 Jul

0

100

50

24 Jun

200

17 Jun

50

150

100

10 Jun

400

3 Jun

100

200

27 May

600

RM mil.

150

250

150

20 May

800

13 May

200

350 300

200

No. of Certificate of Origin

1,000

6 May

RM mil.

250

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)

250

1,200

6 May

Malaysia-Japan Economic Partnership (MJEPA)

300

Total CO

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

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

8

MITI Weekly Bulletin

|

www.miti.gov.my

Malaysian Ringgit Exchange Rate with Selected Countries, January 2017 - June 2018 US Dollar

Swiss Franc

USD 1 = RM

CHF 1 = RM

4.60 4.50

4.60 4.4596

4.50 4.4209 4.40

4.40 4.30

4.30

4.10

3.9999

4.00 3.90

4.20 RM

RM

4.20

4.10

4.0426

4.00

3.8862

3.80

3.9775

3.90

3.70

3.80

3.60 3.50

4.4697

3.70

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2017

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

2018

2017

2018

Canadian Dollar

Saudi Riyal

CAD 1 = RM

SAR 100 = RM

3.50

125.0 3.4288

3.40 3.3755

120.0 118.9006

3.30

115.0

3.20 RM

RM

110.0

3.10 3.00

105.0

3.0211

103.6265 100.0

2.90 2.80

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

2018

2017

2018

New Zealand Dollar

Myanmar Kyat

NZD 1 = RM

MMK 100 = RM

3.30

0.340

3.20 3.1735

3.2126

0.330

3.10

0.3296

0.320

3.00

0.310

2.90

RM

RM

95.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2017

2.7783

2.80

2.7549

2.70

0.300

0.2929

0.290

0.2921

0.280

2.60 2.50

106.6546

3.0490

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2017

0.270

2018

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2017

2018

Source : Bank Negara Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

9

MITI Weekly Bulletin

|

www.miti.gov.my

Commodity Prices CRUDE PETROLEUM (BRENT) -per bbl20 July 2018 : US$73.1, 3.0%* Average Pricei : 2017: US$55.0 2016: US$45.3 CRUDE PALM OIL -per MT20 July 2018 : US$605.0, 0.5%* i Average Price : 2017: US$719.7 2016: US$702.2 SUGAR -per lbs20 July 2018 :US¢11.1, 1.5%* i Average Price : 2017: US¢15.8 2016: US¢18.2 RUBBER SMR 20 -per MT20 July 2018 : US$1,342.5, 2.1%* Average Pricei : 2017: US$1,646.6 2016: US$1,394.5 COCOA SMC 2 -per MT20 July 2018 : US$1,463.5, 10.4%* Average Pricei : 2017: US$1,439.0 2016: US$1,609.8

HIGHEST and LOWEST 2017/2018

Crude Petroleum (Brent) -per bbl-

29 June 2018 : US$79.4 29 Dec 2017 : US$66.9

Lowest

62.8 8 : US$ 1 0 2 b .5 9 Fe US$45 : 7 1 0 e2 23 Jun

Crude Palm Oil -per MT-

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

Lowest

2.0 US$60 : 8 1 0 2 0.0 13 July US$65 : 7 1 0 e2 30 Jun

Domestic Prices 20 July 2018

COAL -per MT20 July 2018 : US$64.6, 0.2%* Average Pricei : 2017: US$57.2 2016: US$45.6 SCRAP IRON HMS -per MT20 July 2018 :US$390.0(high), unchanged* US$375.0 low), unchanged* Average Pricei : 2017: US$314.5 2016: US$243.2

Highest

Billets

(per MT) RM2,250 – RM2,300

Steel Bars

(per MT) RM2,400 – RM2,550

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 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. MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

10

MITI Weekly Bulletin

|

www.miti.gov.my

Commodity Price Trends Crude Palm Oil

680

660

663.0

666.5

641.7

1,450

662.0

1,457.0

657.0

655.0 640

Rubber SMR 20

1,500

1,438.5 1,435.5

1,431.5

1,424.5 1,424.0

1,400

641.5

US$/mt

620

609.5

1,371.5

1,350

1,352.0 1,354.5

610.5

600

602.0

605.0

580

1,250

1,200 4 May 8 May 18 May 25 May 1 June 8 June 14 June22 June29 June 6 July 13 July 20 July

6,337

6,851

7,281

7,113

6,000

2,950

3,000

1,300

2,500

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

1,200

2016

4 May 8 May 18 May 25 May 1 June 8 June 14 June22 June29 June 6 July 13 July 20 July

Sugar

13.0

12.5

12.5

12.5 12.3

12.3

75

79.4

78.5 77.1

12.4

2017

Crude Petroleum

85

80

12.5

76.4

76.8

75.6

75.3

73.4 74.2

70

US$/bbl

US¢/lbs

77.1

76.5

74.9

12.0

11.5

4,114 3,476

3,500

1,400

3,974

3,984

4,000 1,463.5

4,474

1,506.4

4,516

4,500

1,553.3

1,500

5,000

4,463

1,633.7

4,605

1,612.5

1,607.1

5,500

4,170

1,646.7

1,644.3

USD/ tonne

1,700

4,366

1,785.3 1,744.3

1,600

6,917

6,500

7,088

7,000 1,918.9 1,915.5

1,800

US$/mt

Black Pepper

7,500

5,965

Cocoa

2,000

6,085

4 May 8 May 18 May 25 May 1 June 8 June 14 June 22 June 29 June 6 July 13 July 20 July

6,730

560

1,900

1,342.5 1,316.0 1,314.5

1,300

6,900

US$/mt

635.5

11.7 11.5

11.5 11.2

69.7

70.7

73.1 73.8

71.3

71.0 67.9

65

70.5

68.6 65.8

65.7

65.1

11.1

11.0 11.0

10.5

60

55 Crude Petroleum (WTI)/bbl

10.0 4 May 11 May 18 May 25 May 1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July

Crude Petroleum (Brent)/bbl

50

4 May 11 May 18 May 25 May 1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July

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.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

11

MITI Weekly Bulletin

|

www.miti.gov.my

Commodity Price Trends

42.016.5

41.9 6.5 52.0

4 May 11 May 18 May 25 May 1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July

16.6

42.0 41.7

300

11,972

13,938

13,596

13,393

11,495

11,336

11,216

10,890

10,643

66.10

65.75

70.35

77.46

76.34

72.25 64.24

61.66

71.53

76.07 67.74

70.22

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May 2017

16.8 16.5

929.0

920.0

16.6

900.0

16.5

16.0 US$/oz

16.3 912.0

904.0

16.4

906.0 904.0

16.4 880.0 16.1

16.1 15.8

15.5

2018

Platinum

940.0

16.3 40.7

9,491

8,932

9,609

9,155

87.65

89.44

30.0

Scrap Iron/MT(Low)

Silver

16.5

888.0 869.0 870.0

860.0

854.0 840.0

848.6

15.5

830.3 829.5

820.0

39.2

800.0

15.0

38.0

10,205

9,971

Scrap Iron/MT (High)

4 May 11 May 18 May 25 May 1 June 8 June 15 June22 June29 June 6 July 13 July 20 July

16.5

40.1

12,865

6,852

6,825

6,799

7,066

50.0

41.9 16.5

310

41.9

40.4

60.0

40.0

17.0

40.2

70.0

330.0 330.0 330.0

320

41.0

39.0

6,834

340.0 340.0

16.8

41.5

6,827

5,720

5,684

5,600

350.0 350.0

42.4 41.9

6,808

5,985

5,941

5,825

350.0 350.0 350.0 350.0 350.0

41.7

Gold

80.0

370.0 370.0 375.0 375.0 375.0 375.0 375.0

57.48

350

330

43.0

US$/ tonne

6,486 US$/mt

US$/t

56.6

54.0

US$/oz

90.0

340

56.0

40.0

16.8

360

58.0

42.3

390.0 390.0 390.0 390.0 390.0

370

61.0

2018

Iron Ore

100.0

380

62.3

2017

Scrap Iron

390

58.3

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

2018

64.6

59.6

56.6

7,000

2017

63.8

61.0

8,000

62.43

61.0

9,000

80.41

61.2

10,000

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

400

16.8

60.0

Silver

2018

64.4

11,000

4,000

Coal

62.0

5,755

US$/ tonne

2017

7,007

2,300

2,069

4,500

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

64.0

5,500

13,000 12,000

6,000

5,000

1,400

6,577

2,182

2,080

2,131

2,096

1,903

1,885

1,921

6,500

Gold

66.0

14,000

7,000

US$/dmtu

1,500

42.0

15,000

US$/oz

1,600

1,913

1,800

1,861

1,900

1,901

2,030

2,000

1,791

US$/ tonne

2,100

2,097

2,210

2,200

2,255

2,300

1,700

Nickel

Copper 7,500

14,366

Aluminium 2,400

780.0 37.0

14.5 4 May 11 May 18 May 25 May 1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July

40.7

4 May 11 May 18 May 25 May 1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July

760.0 4 May 11 May 18 May 25 May 1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July

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.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

40.2

40.4

Fax: +603 - 6202 9446

40 12

MITI Weekly Bulletin

|

www.miti.gov.my

Happy Retirement... "Work for a cause, not for applause. Live life to express, not to impress. Don’t strive to make your presence noticed. Just make your absence felt."

23 July 2018

Datuk Khoo Boo Seng

Former Senior Director Strategic Planning Ministry of International Trade & Industry

May you be blessed with many more fulfilling journeys ahead!

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

13

MITI Weekly Bulletin

|

www.miti.gov.my

of Technical Terms MRO

Maintenance, repair and overhaul - includes preservation, and the replacement of parts the sub- sector under MRO consist of airframe heavy maintenance, line maintenance, modification, engine overhaul and component MRO.

MRT

Meeting of APEC Ministers Responsible for Trade - the first meeting was held in October 1994 in Jakarta, Indonesia as a follow-up to the decision of the APEC Ministerial Meeting in Seattle, United States, 1993. The meeting has been held annually since 1996, to strengthen the multilateral trading system and the trade and investment liberalization and facilitation process of APEC. In recent years, Ministers have discussed issues on anti-corruption, human security, publicprivate partnership, and economic and technical cooperation. MITI Minister represents Malaysia as MRT at APEC.

MSA

Malaysia Steel Association - The association was launched on 2 November 2010 with the objective of upholding the interests of upstream steel companies, consolidating their strengths and providing a platform for the exchange of knowledge to achieve mutual goodwill, cooperation and unity for the benefit of all members in the Malaysian steel industry.

MSC

Malaysia Steel Council - The Malaysia Steel Council was established in 2012 and is chaired by YB Minister MITI. The objectives of MSC are to oversee, develop and continuously align the implementation milestones and roadmap including governance mechanism, towards ensuring the competitiveness of the iron and steel industry in Malaysia.

MSDC

Malaysia Services Development Council - Meeting as a platform to address cross cutting policy issues on services. Working with MPC and other stakeholders in addressing regulatory and institutional barriers. Participation in the services studies and implementation of identified key recommendations of selected services studies, such as Services Blueprint, Logistic and trade facilitation masterplan and other related studies.

MSI

Malaysia Steel Institute – The Malaysia Steel Institute (MSI) is an industry driven institute under MITI. MSI’s role among others, is to collaborate with the Government in planning the growth and development of the iron and steel industry.

MSPC

Malaysian Services Provider Confederation - To be the sole platform for formulating common strategies, networking at national, regional and international levels for service sectors; To promote and stimulate demand for services – professional, business and others; To accelerate the growth of the services sector by: Enhancing the competitiveness, productivity and efficiency of the sector, Developing the capacities and capabilities for the sector, Positioning Malaysia to be a regional centre of excellence for those established and maturing sub-sectors, Engaging with the authorities, in the spirit of Malaysia Inc., to create a more conducive business environment for investments and export of services. Outreaching, nurturing and partnering constituent member organizations in strengthening institutional support in both development and promotion.

MTFTA

Malaysia-Turkey Free Trade Agreement Source: http://www.miti.gov.my/index.php/glossary

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

14

MITI Weekly Bulletin

|

www.miti.gov.my

Announcement

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 suspended Immigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance ofAPEC Business Travel Card is temporarily suspended andABTC 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).

The seminar is intended to promote better compliance of export control and effective implementation of the Strategic Trade Act 2010 (STA). This seminar which is expected to host 250 representatives from government agencies and various industries in Malaysia will be a platform to provide guidance on the latest developments and initiatives by the relevant authorities in Malaysia and United States of America. Should you wish to participate, kindly register your attendance at this link: https://docs.google.com/ forms/d/e/1FAIpQLSfWwbLEktIGm3OvoE5UJMdzvbq4X5ymttWg6TBVnS2pTrQwwQ/formResponse Please note that registration will be closed by Wednesday, 25 July 2018. You may contact Ms. Nur Liyana Alwi (email: [email protected]) or Ms. Alice Simbun (email: [email protected]) for further inquiries.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

15

Announcement

Tentative Schedule for MITI Pocket Talk 2018 No. 1

Date 8-Aug

Venue MITI HQ

2

15-Aug

MITI Perak

• • •

3

19-Sep

MITI Pahang



4

17-Oct

MITI HQ



5

14-Nov

MITI Sabah



6

5-Dec

MITI HQ



7

12-Dec

MITI Sarawak



Topic Introduction Preferential Certificate of Origin (PCO) Updates on RCEP Introduction to FTA & Preferential Certificate of Origin (PCO) Introduction to FTA & Preferential Certificate of Origin (PCO) Introduction to FTA & Preferential Certificate of Origin (PCO) Introduction to FTA & Preferential Certificate of Origin (PCO) Introduction to FTA & Preferential Certificate of Origin (PCO) Introduction to FTA & Preferential Certificate of Origin (PCO)

Please click here to register

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

16

MITI Jakarta Name Designation Contact No Email

: Tengku Kamelia Tengku Kamalludin : Office Assistant MITI Jakarta : (+62) 21 522 4947 ext:3101 : [email protected]

MITI Weekly Bulletin (MWB) Mobile Apps MITI 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

MWB Facebook Page

Like MWB page at https://www.facebook.com/MITIWeeklyBulletin/?fref=ts

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 Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia

Tel: +603 - 8000 8000

Fax: +603 - 6202 9446

17