selamat hari raya aidil adha weekly...adha ini dengan perasaan yang gembira bersama-sama keluarga...

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

S E L A M A T H A R I R A Y A A I D I L A D H A

Umat Islam akan menyambut Hari Raya Aidil Adha atau Hari Raya Korban tidak lama lagi. Di dalam tradisi Islam, perayaan ini mengenang pengorbanan serta kesabaran Nabi Ibrahim dan anakandanya Nabi Ismail.

Pengorbanan, secara umumnya membawa maksud luas merangkumi aspek kerohanian dan kehidupan sehari-hari. Pengorbanan seseorang demi keluarga, masyarakat, agama dan negara, dan usaha yang diambil untuk kebaikan bersama boleh didefinasikan sebagai pengorbanan. Semua agama menuntut umatnya supaya sentiasa memiliki kesabaran dan sanggup berkorban masa, wang ringgit, jiwa raga, tenaga serta kepentingan diri bagi memperolehi keredhaan daripada Tuhan Yang Maha Kuasa. Masyarakat khususnya umat Islam

Perutusan Hari Raya Aidil Adha

sentiasa diingatkan oleh ahli agama untuk merenung peristiwa agung berkenaan dan menjadikan ia sebagai panduan hidup seharian dalam menghadapi pelbagai bentuk cabaran dan dugaan.

Konsep pengorbanan bukan hanya terbatas dalam aspek kerohanian semata-mata atau pun aspek duniawi sahaja. Sebagai penjawat awam, adalah penting untuk menghayati konsep pengorbanan dalam melaksanakan tanggungjawab dengan bersungguh-sungguh, kesanggupan melakukan tugas-tugas walaupun melebihi masa dan kadar upah yang diterima. Pengorbanan juga adalah berkaitan dengan kesanggupan berada jauh dari orang-orang yang tersayang dan kampung halaman demi melaksanakan amanah yang digalas. Pengorbanan dalam menjalankan tugas mencerminkan keikhlasan yang menghasilkan keberkatan dalam kehidupan.

Sehubungan itu, saya berharap semua warga MITI dan rakyat Malaysia, akan meraikan Aidil Adha ini dengan perasaan yang gembira bersama-sama keluarga dan sanak saudara walau di mana jua ia diraikan. Turut didoakan, semoga enam orang Jemaah haji dari MITI bersama semua Jemaah Malaysia selamat pergi dan kembali ke tanah air. Akhir kata, bagi pihak diri saya dan keluarga MITI seluruhnya, sekali lagi saya ingin mengambil kesempatan ini untuk mengucapkan Selamat Hari Raya Aidil Adha kepada semua pembaca MITI Weekly Bulletin (MWB).

Menteri Perdagangan Antarabangsa dan Industri21 Ogos 2018


MITI Weekly Bulletin | www.miti.gov.my

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seMalaysia Continues to Record

Positive Labour Productivity GrowthLabour Productivity Per Hour Worked

1. In the second quarter of 2018, Malaysia’s labour productivity as measured by output per hour worked by all persons, including employees, proprietors, and unpaid family workers, grew 3.7% as a result of growth in output at 4.5% and total hours worked by 0.7%.

2. Across five (5) main economic sectors, mining and quarrying recorded the highest productivity per hour worked with growth registered at 6.2%, followed by construction (5.0%), services (4.9%), agriculture (3.4%), and manufacturing (1.7%).

3. The significant growth in mining and quarrying and construction subsectors was due to the higher reduction in total hours worked relative to output growth.

4. Services sector performance was mainly driven by the information and communication subsector, which, grew by 8.1%, accommodation subsector by 7.9% and retail trade subsector by 7.3%.

5. Agriculture sector showed improvement in crops and livestock (4.3%), while forestry and logging and fishing subsectors both registered lower contraction at 17.9% and 0.7% respectively compared to the previous quarter.

6. Among the subsectors that have contributed to the 1.7% growth in the manufacturing sector’s performance are the transport equipment, other manufacturing and repair (6.9%), followed by non-metallic mineral products, basic metal and fabricated metal (5.1%) and electrical, electronic and optical products (3.7%).

7. In the second quarter 2018, Malaysia’s labour productivity by hours worked also recorded positive growth across all 9 priority subsectors outlined under the Malaysia Productivity Blueprint.8. Professional services subsector recorded the highest productivity performance in total hours worked with growth at 11.5% followed by tourism at 8.8%, information and communication technology (ICT) at 8.6%, agro-food at 6.9%, retail and food and beverages (F&B) at 5.2%, chemicals and chemical products at 4.9%, private healthcare at 3.4%, machinery and equipment at 2.2% and finally electrical and electronic at 0.8%.

Labour Productivity Per Person Employed

9. In terms of per person employed, Malaysia’s labour productivity grew by 2.0% in the second quarter 2018, as output grew moderately at 4.5% while employment grew at 2.4%. Labour productivity, or output per labour, is calculated by dividing real output by the number of employed person by all persons, including employees, proprietors, and unpaid family workers.

10. Across five (5) main economic sectors, mining and quarrying recorded the highest labour productivity growth of 5.2%, followed by construction (4.0%), services (2.5%), manufacturing (1.5%) and agriculture (1.3%).



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se11. Favorable performances of the mining and quarrying and construction sectors are due to the slower growth in employment relative to output growth. The performance of services sector was mainly contributed by the growth in information and communication subsector of 5.8%, followed by accommodation subsector 5.0% and retail trade subsector 4.5%.

12. For manufacturing sector, the performance was driven primarily by the higher growth in the subsectors, which include transport equipment, other manufacturing and repair (7.4%), wood products, furniture, paper products and printing (4.1%), and electrical, electronic & optical products (2.0%).

13. The agriculture sector rebounded to 1.3% compared to a contraction of 1.4% in the previous quarter. Strong improvement in forestry and logging subsector as well as fishing subsector has led to the overall agriculture sector productivity performance.

14. Under the 9 priority subsectors, professional services recorded the highest performance at 9.6%, followed by agro-food at 6.3%, tourism at 5.9%, ICT at 5.8%, machinery and equipment at 5.0%, private healthcare at 3.9%, retail and F&B at 2.6%, chemicals and chemical products at 2.5% and finally electrical and electronics at 1.5%.

Sustaining Productivity Growth

15. Productivity growth is the key to sustainable living standards rather than the sheer accumulation of capital and labour inputs. In this context, Malaysia needs to explore new ways of challenging the frontier. The Government continues to implement various initiatives and activities to provide conducive business environment that will support the industry in enhancing their productivity performance.

16. Modernising business regulations is one of the initiatives that will lead to a more competitive business environment. Understanding the complexity of the process in developing and implementing regulations, new and amended regulations are recommended to undergo Regulatory Impact Analysis (RIA) before they are implemented to ensure that benefits of the proposed regulation will outweigh its cost. From January 2017 to May 2018, 110 regulatory notifications have been received to be analysed through RIA.

17. The way regulations are implemented, administered and enforced can significantly impact compliance burdens for businesses. A total of 32 projects under Modernising Business Licensing, Reducing Unnecessary Regulatory Burden and Cutting Red Tape Programmes were completed during 2017. It was estimated that these projects resulted in potential compliance cost savings of RM1.2 billion.

18. More efforts will need to be done to enhance the productivity performance of the nation to reach its annual target growth of 3.7%. To progress as an economy, we must master new technologies, transform quickly and continue to enhance our competitiveness. The business climate must remain dynamic to encourage investments in new activities and create new jobs. To progress as a society, we must ensure that everyone regardless of age, gender and income level can access better jobs and opportunities to advance. All these can be done through strong collaboration and partnership among the Government, academia and industries.

YB Darell LeikingMinister of International Trade and Industry21 August 2018

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seInitiation of administrative review of an anti-dumping

duty with regard to the imports of hot rolled coils originating in or exported from the People’s Republic

of China and the Republic of Indonesia

On 17 July 2018, the Government of Malaysia received a Petition from an interested party requesting for administrative review of an anti-dumping duty on imports of hot rolled coils,chequered coils, and pickled & oiled coils. The request is made based on the ground that there is no more local production of hot rolled coils in Malaysia.

The original anti-dumping investigation was initiated on 18 June 2014 and the final affirmativeanti-dumping duties were imposed on 14 February 2015 until 13 February 2020; ranging from 2.49% to 25.40%. In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994, the Government will initiate the administrative review and the final determination of the administrative review will be made within 180 days from the date of initiation.

In connection with this investigation, the Ministry of International Trade and Industry (MITI) will provide a set of questionnaires to interested parties listed in the petition. Other interested parties may request for the questionnaires no later than 30 August 2018. Interested parties may also provide additional supporting evidence to MITI before 14 September 2018. In the event no response is received within the specified period, the Government will make its preliminary findings based on the best facts available.

Further enquiries concerning this investigation can be directed to:

DirectorTrade Practices SectionMinistry of International Trade and Industry (MITI)Level 9, Menara MITINo. 7, Jalan Sultan Haji Ahmad Shah50480 Kuala LumpurMALAYSIA

Telephone Number: (603) 6208 4632/4636/4637Facsimile Number : (603) 6211 4429E-mail address : [email protected]

Ministry of International Trade and Industry15 August 2018



Economic Performance Second Quarter 2018M

alay

sia

Stat

isti

cs

Malaysia's economy grew by 4.5% in the second quarter this year, slower than the first quarter growth 5.4%. Services, manufacturing and construction sectors continued to register positive growth. On the expenditure side, the momentum was spearheaded by private final consumption expenditure and gross fixed capital formation.

4.1 4.04.3 4.5

5.6 5.86.2

5.95.4

4.5

Q1 16 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18265.3 271.6 281.3 290.8 280.2 287.3 298.7 308.1 295.3 300.1GDP at constant

2010 prices (RM billion)

Annual percentage change at constant

2010 prices (%)

Source: Department of Statistics, Malaysia


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

Mal

aysi

a St

atis

tics

Economic Performance Second Quarter 2018




Balance of Payment Second Quarter 2018M

alay

sia

Stat

isti

cs

Malaysia's Current Account Balance narrowed to RM3.9 billion in Q2 2018




Mal

aysi

a St

atis

tics

International Investment Position Second Quarter 2018

Malaysia's International investment position recorded net liabilities of RM79.7 billion




Mal

aysi

a St

atis

tics

Labour Productivity Second Quarter 2018




MALAYSIA PRC VIETNAM GERMANY T H A I L A N D

16.0%a

US$292.57m

12.6%a 7.8%a 6.3%a 5.0%a

US$230.54m US$141.92m US$115.79m US$91.42m

Notes : a % Share in World’s export b % Share in Malaysia’s export * Refers to HS 10112Source: http://www.trademap.org/Index.aspx

Malaysia’s top f ive exports dest inat ions for coffee preparat ions based on

extract /essence/conc* in 2017

PRC

INDONESIA

THAILAND

KAZAKHSTAN

SAR

US$43.1m

US$31.7m

US$20.9m

US$16.8m

US$16.5m

14.7%

10.8%

7.1%

5.8%

5.6%

M a l a y s i a w a s r a n k e d n u m b e r o n e e x p o r t e r o f C o f f e e P r e p a r a t i o n s

B a s e d o n E x t r a c t / E s s e n c e / C o n c * , i n 2 0 1 7

Inte

rnat

iona

l St

atis

tics



T H A I L A N D

5.0%a

US$91.42m

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

160

180

0

5

10

15

20

25

30

35

40

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

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.

0

1,000

2,000

3,000

4,000

5,000

6,000

0

500

1,000

1,500

2,000

2,50027

Ma

y

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

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

1,000

2,000

3,000

4,000

5,000

6,000

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

1,400

0

500

1,000

1,500

2,000

2,500

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

160

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

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

0

50

100

150

200

250

300

350

400

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

1,600

0

20

40

60

80

100

120

140

160

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

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




Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

350

400

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


0

50

100

150

200

250

300

350

0

50

100

150

200

250

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

2

4

6

8

10

12

14

16

0.00

0.10

0.20

0.30

0.40

0.50

0.60

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

5

10

15

20

25

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

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

10

20

30

40

50

60

70

80

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

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

400

0

50

100

150

200

250

300

350

400

27 M

ay

3 Ju

n

10 J

un

17 J

un

24 J

un

1 Ju

l

8 Ju

l

15 J

ul

22 J

ul

29 J

ul

5 A

ug

12 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

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 2017 - July 2018

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

4.4596

3.8862

4.0493

3.50

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

2017 2018

RM

USD 1 = RM

8.9685

7.4635

7.5792

6.50

7.00

7.50

8.00

8.50

9.00

9.50

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

2017 2018

RM

PHP 100 = RM

0.0197

0.0171

0.0175

0.0155

0.0160

0.0165

0.0170

0.0175

0.0180

0.0185

0.0190

0.0195

0.0200

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

2017 2018

RM

VND 100 = RM

57.4972

49.5163

51.5986

44.00

46.00

48.00

50.00

52.00

54.00

56.00

58.00

60.00

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

2017 2018RM

HKD 100 = RM

0.0334

0.0281

0.025

0.026

0.027

0.028

0.029

0.030

0.031

0.032

0.033

0.034

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

2017 2018

RM

IDR 100 = RM

6.5503

6.8277

5.8692

5.8948

5.20

5.40

5.60

5.80

6.00

6.20

6.40

6.60

6.80

7.00

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

2017 2018

RM

INR 100 = RM



Commodity Prices

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-

17 Aug 2018 : US$71.8, 1.3%*Average Pricei : 2017: US$55.0 2016: US$45.3

CRUDE PALM OIL-per MT-

17 Aug 2018 : US$569.0, 0.3%*Average Pricei : 2017: US$719.7 2016: US$702.2

RUBBER SMR 20-per MT-

17 Aug 2018 : US$1,339.5, 0.7%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5

COAL -per MT-17 Aug 2018 : US$65.4, 0.2%*Average Pricei : 2017: US$57.2 2016: US$45.6

COCOA SMC 2-per MT-

17 Aug 2018 : US$1,303.6, 0.6%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8

SCRAP IRON HMS-per MT-

17 Aug 2018 :US$380.0(high), unchanged* US$360.0 low), unchanged* Average Pricei : 2017: US$314.5 2016: US$243.2

HIGHEST and LOWEST 2017/2018

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

Lowest

9 Feb 2018 : US$62.8

23 June 2017 : US$45.5

Crude Petroleum

(Brent)-per bbl-

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

Lowest

30 June 2017 : US$650.0 17 Aug 2018 : US$569.0

Crude Palm Oil -per MT-

Domestic Prices17 Aug 2018

Steel Bars(per MT)

RM2,400– RM2,550

Billets(per MT)

RM2,250– RM2,330

SUGAR -per lbs-17 Aug 2018 :US¢10.2, 3.4%*Average Pricei : 2017: US¢15.8 2016: US¢18.2



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.

Commodity Price Trends

16.6

16.5

16.8

16.516.6

16.5

16.8

16.3

16.4

16.1 16.1

15.8

15.2

15.4

15.6

15.8

16.0

16.2

16.4

16.6

16.8

17.0

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

US$

/oz

Silver

42.5 42.3

42.4

41.5

41.9 42.0

41.7 41.9

40.7

40.2 40.4

40.2

39.0

39.5

40.0

40.5

41.0

41.5

42.0

42.5

43.0

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

US$

/oz

Gold1,79

1 1,86

1

1,90

1

1,92

1

1,91

3

1,88

5

1,90

3

2,03

0 2,09

6

2,13

1

2,09

7

2,08

0

2,21

0

2,18

2

2,06

9

2,25

5 2,30

0

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

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

2017 2018

US$

/ to

nn

e

Aluminium

5,75

5 5,94

1

5,82

5

5,68

4

5,60

0

5,72

0

5,98

5

6,48

6

6,57

7 6,80

8

6,82

7

6,83

4 7,06

6

7,00

7

6,79

9

6,85

2

6,82

5

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2017 2018

US$

/ to

nn

e

Copper

9,97

1 10,6

43

10,2

05

9,60

9

9,15

5

8,93

2 9,49

1

10,8

90

11,2

16

11,3

36 11

,972

11,4

95

12,8

65 13

,596

13,3

93

13,9

38

14,3

66

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000


2017 2018

US$

/ to

nn

e

Nickel

80

.41

89

.44

87

.65

70

.22

62

.43

57

.48

67

.74

76

.07

71

.53

61

.66

64

.24

72

.25 7

6.3

4

77

.46

70

.35

65

.75

66

.10

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0


2017 2018

US$

/dm

tu

Iron Ore

906.0 904.0

869.0 870.0

854.0 848.6

830.3 829.5 831.7836.9

829.6

777.3

700.0

750.0

800.0

850.0

900.0

950.0

1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug

US$

/oz

Platinum

16.5

16.8

16.316.4

16.1 16.1

15.8

15.5 15.5 15.515.3

14.6

13.5

14.0

14.5

15.0

15.5

16.0

16.5

17.0


US$

/oz

Silver

42.0 41.7

41.9

40.7

40.2 40.4 40.1

39.2 39.5

39.1 39.0

38.0

35.0

36.0

37.0

38.0

39.0

40.0

41.0

42.0

43.0


US$

/oz

Gold

350.0

370.0 370.0

390.0 390.0 390.0 390.0 390.0

380.0 380.0 380.0 380.0

340.0

350.0 350.0

375.0 375.0 375.0 375.0 375.0

360.0 360.0 360.0 360.0

300

310

320

330

340

350

360

370

380

390

400


US$

/mt

Scrap Iron

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

61.261.0 61.0 61.0

62.3

63.8

64.4 64.6

65.2 65.2 65.3 65.4

58.0

59.0

60.0

61.0

62.0

63.0

64.0

65.0

66.0


US$

/t

Coal



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.

1,644.3

1,506.4

1,553.3

1,607.1 1,646.7

1,612.51,633.7

1,463.5

1,489.2

1,408.5

1,311.4 1,303.6

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1 June 8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug

US$

/mt

Cocoa

12.5 12.5

12.312.4

12.3

11.5

11.0

11.1

10.9 10.9

10.5

10.210.0

10.5

11.0

11.5

12.0

12.5

13.0


US¢

/lbs

Sugar

1,424.5 1,424.0

1,371.5

1,352.0 1,354.5

1,316.0 1,314.5

1,342.5

1,332.5

1,316.5

1,349.01,339.5

1,240

1,260

1,280

1,300

1,320

1,340

1,360

1,380

1,400

1,420

1,440

1 June 8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug

US$

/mt

Rubber SMR 20

6,90

0 7,08

8

7,11

3 7,28

1

6,91

7

6,85

1

6,73

0

6,33

7

6,08

5

5,96

5

4,51

6

3,98

4

4,36

6 4,60

5

4,17

0 4,47

4

4,46

3

3,97

4

2,95

0

3,47

6

4,11

4

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

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

2016 2017

USD

/ to

nne

Black Pepper

65.8 65.765.1

68.6

74.2 73.8

71.0 70.5

68.7 68.567.6

65.9

76.8 76.5

73.4

75.6

79.4

77.1

75.3

73.174.3

73.2 72.871.8

50

55

60

65

70

75

80

85


US$

/bbl

Crude Petroleum

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

666.5662.0

657.0

635.5

609.5 610.5

602.0 605.0

587.5

572.5 570.5 569.0

520

540

560

580

600

620

640

660

680


US$

/mt

Crude Palm Oil



MIT

I PR

OG

RAM

MES

Malaysia Aerospace Summit 14 August 2018



MIT

I PR

OG

RAM

MES

Courtesy Calls on MITI Minister by High Commissioner/Ambassador14 August 2018

Courtesy call on YB Darell Leiking, MITI Minister by the Canadian High Commissioner



MIT

I PR

OG

RAM

MES

Courtesy Visit on MITI Secretary General by InvestPerak16 August 2018

Courtesy Call on MITI Secretary General by Ministry of Commerce of the PRC, 20 August 2018



MITI Minister accompanied the Prime Minister's Official Visit to the People Republic of China, 19-21August 2018



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

of Technical TermsPCOPreferential Certificate of Origin

PDProgram Directors - are often of diplomatic rank and seconded to work at the Secretariat by member economies. Program directors undertake work in specific fields and cooperative projects of APEC, oversee activities of relevant working groups, fora, and meetings to ensure that APEC requirements are met as well as effectively implement policy directives and declarations of Leaders and Ministers.

PDKPerintah Duti Kastam – A Customs Duties Order that include import duties that shall be levied on, and paid by the importer, in respect of goods imported into Malaysia, at the full rates or tariff rate quota. The Customs Duties Order also includes export duties that shall be levied on and paid by the exporter in respect of the goods exported from Malaysia, at the specified rates.

Per capita GDPA measure of the amount of money earned per person in a certain area. It can apply to the average per-person income for a city, region or country. Used to ascertain an area’s wealth or lack of wealth of the country and to evaluate the living conditions and quality of life in different areas.

Calculation : gross domestic product (GDP) number of people in the country/region/city

PISPriority Integration Sectors - ASEAN identified 11 priority integration sectors which have roadmap, specific sector initiatives to mutually benefit ASEAN Member States. These sectors are agro-based products, air travel, automotive, e-ASEAN, electronics, fisheries, healthcare, rubber-based products, textiles and apparels, tourism, and wood-based products.

PLPacking Loan - An exporter who receives an LC may need a temporary working capital for purchasing of raw materials, overhead expenses and other expenses. In order to meet these requirements, the exporter may apply for Packing Loan secured against the LC, generally based on a certain percentage of the value of the export. Upon realization of the proceeds of the export bill, the exporter would be able to repay this short term financing.

PPPPublic Private Partnership - PPP refers to describe collaboration between the Government and private sector in projects undertaken.

Pre-carriage: inland transportation on the seller’s sideDomestic : From the place where the shipment starts to any subsequent transportation carriageInternational : From the place where the shipment starts to the departure point on the seller’s side

Preference ErosionCountries which have been accorded preferential market access but loses this advantage as a result of overall tariff liberalization. For example African countries granted preferential tariff by EU for tropical fruits.



AnnouncementsTentative Schedule for MITI

Pocket Talks 2018No. Date Venue Topic

1 17-Oct MITI HQ

Introduction to FTA & Preferential Certificate of Origin (PCO)

2 14-Nov MITI Sabah


3 5-Dec MITI HQ


4 12-Dec MITI Sarawak


Please click here to register



Announcements

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

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

Issuance of APEC Business Travel Card is temporarily suspended

Immigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.

Kindly refer: http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-notice-of-apec-card-production-suspended-time.html



MITI Weekly Bulletin (MWB) Mobile AppsMITI MWB APPs is now available for IOS, Android and Windows platforms. MWB APPs can be download from Gallery of Malaysian Government Mobile APPs (GAMMA) at the link: http://gamma.malaysia.gov.my/#/appDetails/85

Dear Readers,

Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13

MITI Beijing Name : See Chee Kong Designation : Minister Counselor (Economy) MITI BeijingContact No : (+86) 10 6532 2533Email : [email protected]

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