Trade Remains Robust in 2017 - Ministry of International ... Weekly Bulletin... · MITI Tower, No. 7, Jalan Sultan Hai Ahmad Shah, 50480 uala Lumpur, Malaysia Tel: 603 - 8000 8000

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

Trade Remains Robust in 2017

The first eight months of 2017 have seen unprecedented growth in Malaysia’s trade. Growth has exceeded 20% every single month of the year, except for January and June. Last year total trade breached the RM1 trillion mark in September but this year total trade reached RM1 trillion earlier, in July. In 2016, total trade increased by 1.5%. We had earlier estimated total trade in 2017 to grow by about 3%. Although we expect some slight deceleration at the end of this year, partly because of the base effect, Malaysia is likely to record a total trade growth exceeding 10%, given the strong performance in the first eight months. The trade surplus has also been healthy, increasing to RM60.84 billion for the first eight months of 2017. In the same period last year, it stood at RM52.47 billion. This year we are likely to see a slight increase in the trade surplus compared to RM88.15 billion in the whole of last year.

A very important feature of this year’s trade is that there has been strong growth in most sectors and key markets. Increases in exports have been across the board. Manufactured goods have performed well, particular electrical and electronic products. E&E exports amounted to RM220.56 billion (January to August 2017), growing 21.4% compared to the same period in 2016. We expect the E&E sector to continue to grow given the improvement in global semiconductor sales and strongprojections from the smart devices, automotive, storage and healthcare markets. Another area showing strong performance is mining goods, driven by crude petroleum and LNG, which collectively surged by 34% to RM45.16 billion during the same period. This is due mostly to higher and more stable global energy prices.

Trade with China strengthened to 26% in the first eight months of 2017 to RM188.26 million compared to the previous period. This was driven by exports which surged 36.5% to RM80.47 billion. Trade with our key markets, ASEAN, EU, United States and Japan remained strong with growth of 23.9%, 18.3%, 19.7% and 17.7% respectively in the first eight months.

Malaysia’s trade remains resilient driven by diversification in exports. E&E accounted for 36% of exports in January-August 2017, while Petroleum, LNG and Chemical products account for 22.7% of exports. Agriculture including palm oil & palm oil based products is also an important component of Malaysian exports, amounting to 8.5% of total exports.

The World Trade Organization recently raised their 2017 growth forecast in world merchandise trade volume to 3.6% from a previous estimate of 2.4%. This is attributed to a resurgence of Asian trade flows as intra-regional shipments picked up and as demand in North America recovered after stalling in 2016. We foresee that Malaysia will benefit from the increase in global trade with our trade remaining robust for the rest of 2017.

Dato’Sri Mustapa MohamedMinister of International Trade and Industry6 October 2017

Trade Remains Robust in 2017


MITI Weekly Bulletin | www.miti.gov.my

Source: Department of Statistics, Malaysia

Trade Performance, January - August 2017Total TradeRM1,163.0b Exports

RM611.9bImportsRM551.1b

Trade BalanceRM60.8b

23.0%22.6% 22.2% 16.0%

Major Export Destinations, January - August 2017

USARM58.5b9.6%#

1

4

53

2 PRCRM80.5b13.2%#

SingaporeRM90.2b14.7%#

ThailandRM33.2b5.4%#

JapanRM50.2b8.2%#

Note: # refers to % share to total exportsTrade Trends, January 2016 - August 2017

61.9

56.7 66

.6

61.3

60.0 66

.5

60.1 67

.7

68.2

69.3 73

.0 75.8

70.3

71.8 82

.6

73.9 79

.4

73.1 78

.6 82.2

56.5

49.4 55

.4

52.3 56

.8 60.9

58.0

59.0

60.5

59.5 63

.9 66.8

65.5

63.1 77

.2

65.2 73

.9

63.2 70

.6

72.4

118.3106.1

121.9113.6 116.8

127.4118.0

126.7 128.7 128.8136.8

142.6135.8 134.9

159.8

139.1

153.3

136.3

149.2154.6

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

2016 2017

Exports Imports Total Trade

RM1,163.0bRM948.9b

RM1,485.8b



Source: Department of Statistics, Malaysia

Major Exports, January - August 2017

RM181.7bRM220.6b

E&E Products

21.4%

2016 2017

Petroleum Products

RM33.7bRM48.4b

2016 2017

43.6%

Chemicals & Chemical Products

RM38.1bRM45.1b

2016 2017

18.3%

Major Imports, January - August 2017

Top 3 Destinations Top 3 Destinations Top 3 DestinationsSingapore : 18.4%*

USA : 14.8%*PRC : 14.3%*

Singapore : 30.0%*PRC : 19.1%*

Indonesia : 12.8%*

PRC : 20.5%*Indonesia : 9.7%*Thailand : 8.1%*

RM29.8bRM35.6b

2016 2017

19.7%

Palm Oil & Palm-Based Agriculture Products

Top 3 DestinationsIndia : 12.4%*PRC : 8.9%*

Netherlands: 7.9%*

RM25.7bRM27.5b

2016 2017

6.9%

Machinery, Equipment & Parts

Top 3 DestinationsSingapore : 21.0%*

USA : 8.2%*PRC : 7.7%*

Note: * Share to total exports/imports of the industry

RM135.8bRM165.0b

E&E Products

Petroleum Products

RM32.2bRM49.9b

Chemicals & Chemical Products

21.5%

2016 2017

2016 2017

55.2%

RM45.0bRM52.9b

2016 2017

17.6%

RM25.1bRM27.9b

2016 2017

11.0%

RM41.2bRM49.9b

2016 2017

24.9%

Manufactures of Metal

Machinery, Equipment & Parts

Top 3 SourcesPRC : 24.7%*

Chinese Taipei : 14.4%*USA : 12.5%*


Singapore : 11.7%*USA : 7.7%*


Japan : 13.6%*USA : 11.2%*

Top 3 SourcesSingapore : 33.8%*

India : 12.7%*PRC : 10.6%*


Japan : 11.7%*Australia : 10.0%*



International ReportPhilippines Economic Indicators 2016

Source: World Bank and WTO

Population: 103.3 mil.

Land area: 298,170 km2

GDP (current US$): US$304.9 billion

Inflation rate: 1.8%

Unemployment rate: 5.9%

Global trade: US$142.6 bil (Rank: 39)

Global exports: US$56.3 bil (Rank: 46)Global imports: US$86.3 bil (Rank: 35)

Malaysia’s Trade with Philippines, 2005 - 2017 (Jan-Aug)

7.5 8.0 8.7 9.

7

7.0 10

.0 10.9

10.5

9.3 12

.0 13.2

13.6

8.9 10

.912.2

10.6

9.8

6.9

4.0

11.3

4.8

4.8

4.7 5.2 6.

5

6.6

4.2 6.

0

19.7 18.6 18.516.7

11.0

21.3

15.7 15.314.1

17.219.7 20.2

13.1

16.8

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016(Jan-Aug)

2017(Jan-Aug)

Exports Impors Total Trade

RM billion

Major Exports, 2017 (Jan-Aug)

Major Imports, 2017 (Jan-Aug)

Electrical machinery & equipment

(HS85)RM2.1b

Mineral fuel, oil, etc

(HS27)RM1.1b

Machineryappliances

(HS84)RM1.0b

Plastics & articles thereof (HS39)RM0.8b

Animal or vegetable fats & oil

(HS15)RM1.6b

19.0%15.0%

9.8%8.9%

7.5%

Note: % refers to share to total exports/importsSource: Department of Statistics, Malaysia

Electrical machinery & equipment

(HS85)RM3.5b

Machinery appliances

(HS84)RM0.3b

Mineral fuel,oil, etc

(HS27)RM0.2b

Copper &articles thereof (HS74)RM0.2b

Rubber & article thereof (HS40)RM0.5b

59.4%7.7%

5.5%4.1%

2.8%



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

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

20

40

60

80

100

120

140

160

180

0

50

100

150

200

250

300

350

400

450

500

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

0

1,000

2,000

3,000

4,000

5,000

6,000

0

500

1,000

1,500

2,000

2,5009

Jul

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

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

200

400

600

800

1,000

1,200

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

50

100

150

200

250

2 Ju

l

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

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

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

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



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

Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

20

40

60

80

100

120

140

160

180

200

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

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

400

0

20

40

60

80

100

120

140

160

180

200

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

2

4

6

8

10

12

14

0.0

0.1

0.1

0.2

0.2

0.3

0.3

0.4

0.4

0.5

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

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

140

0

5

10

15

20

25

30

35

40

45

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

500

0

10

20

30

40

50

60

70

80

90

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

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

50

100

150

200

250

300

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

400

450

0

100

200

300

400

500

600

9 Ju

l

16 J

ul

23 J

ul

30 J

ul

6 A

ug

13 A

ug

20 A

ug

27 A

ug

3 Se

p

10 S

ep

17 S

ep

24 S

ep

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)



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Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - September 2017

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.3481

3.9045

4.4615

4.2089

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017

RM

USD 1 = RM

0.6615

0.6027 0.6019

0.6409

0.57

0.58

0.59

0.60

0.61

0.62

0.63

0.64

0.65

0.66

0.67

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017

RM

CNY 1 = RM

12.0200

11.1226

12.879012.6957

10.00

10.50

11.00

11.50

12.00

12.50

13.00

13.50

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017

RM

THB 100 = RM

3.6805

3.5620

4.0315

3.8035

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017RM

JPY 100 = RM

3.0323

2.8904

3.15833.1193

2.75

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p2016 2017

RM

SGD 1 = RM

12.9926

12.0705

14.5092

13.9683

10.00

10.50

11.00

11.50

12.00

12.50

13.00

13.50

14.00

14.50

15.00

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

Aug Se

p

2016 2017

RM

TWD 100 = RM



Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.

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

Commodity PricesCRUDE PETROLEUM (BRENT)

-per bbl-6 Oct 2017 : US$55.6, 3.3%*

Average Pricei : 2016: US$45.3 2015: US$53.6

CRUDE PALM OIL-per MT-

6 Oct 2017 : US$709.5, 2.5%*Average Pricei : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20-per MT-

6 Oct 2017 : US$1,494.0, 3.6%*

Average Pricei : 2016: US$1.394.5 2015: US$1.364.3

COAL -per MT-6 Oct 2017 : US$59.9, 0.5%Average Pricei : 2016: US$45.6 2015: US$49.9

COCOA SMC 2-per MT-

6 Oct 2017 : US$1,616.9, 12.1%*

Average Pricei : 2016: US$1,609.8 2015: US$2,077.0

SCRAP IRON HMS-per MT-

6 Oct 2017 : US$350.0 (high), unchanged US$330.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6

HIGHEST and LOWEST 2016/2017

Highest 29 Sep 2017 : US$57.5 30 Dec 2016 : US$56.8

Lowest

23 June 2017 : US$45.5

15 Jan 2016 : US$28.9

Crude Petroleum

(Brent)-per bbl-

Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5

Lowest

15 Jan 2016 : US$545.5 30 June 2017 : US$650.0

Crude Palm Oil -per MT-

Domestic Prices6 Oct 2017

Steel Bars(per MT)

RM2,430 – RM2,580

Billets(per MT)

RM2,300 – RM2,350

SUGAR -per lbs-6 Oct 2017 : US¢ 14.0, 0.9%*

Average Pricei : 2016: US¢18.2 2015: US¢13.2



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.

Commodity Price Trends

670.5 669.5665.0

656.5

668.5

686.0690.5 692.5

726.5

749.5

727.5

709.5

600

620

640

660

680

700

720

740

760

21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct

US$

/mt

Crude Palm Oil

1,421.7

1,448.6

1,543.1

1,420.1

1,350.1

1,379.6

1,417.0

1,350.21,371.7

1,428.21,442.9

1,616.9

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650


US$

/mt

Cocoa

14.4 14.4

14.1

13.2

13.4

14.013.9

14.1

15.2

14.6

14.114.0

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5


US¢

/lbs

Sugar

1,568.5

1,433.5

1,477.5

1,520.51,539.0

1,554.0 1,559.0

1,695.5

1,633.5

1,515.0

1,442.0

1,494.0

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750


US$

/mt

Rubber SMR 20

6,900 7,088 7,113

7,281

6,917 6,851 6,730

6,337

6,085 5,965

4,516

3,984

4,366

4,605

4,188

4,571

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

2016 2017

USD

/ to

nne

Black Pepper

* until 31 May 2017** data for April & June 2017 are not available



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.

56.655.8

54.8

56.056.8 56.6

58.1

59.0

60.1 60.1 60.2 59.9

43.5

45.5

47.5

49.5

51.5

53.5

55.5

57.5

59.5

61.5


US$

/t

Coal

1,481

1,531

1,531 1,571

1,551 1,594

1,629

1,639

1,592

1,666

1,737

1,728

1,791

1,861 1,901

1,921

1,913 1,885

1,903

2,030

2,096

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

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

2016 2017

US$

/ to

nne

Aluminium

4,472 4,599

4,954 4,873

4,695 4,642

4,865 4,752

4,722

4,731

5,451

5,660 5,755

5,941 5,825

5,684 5,600

5,720

5,985

6,486 6,577

4,000

4,500

5,000

5,500

6,000

6,500

7,000


2016 2017

US$

/ to

nne

Copper

8,507 8,299

8,717 8,879

8,660

8,928

10,263

10,336

10,192

10,260

11,129 10,972

9,971

10,643

10,205

9,609

9,155 8,932

9,491

10,890

11,216

7,000

7,500

8,000

8,500

9,000

9,500

10,000

10,500

11,000

11,500Ja

n

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

2016 2017

US$

/ to

nne

Nickel

45.8

49.7 49.648.8 48.5

47.947.3 47.5

49.950.7

51.7

49.348.1

52.5 52.4 52.152.7 52.4 52.8

53.8

55.6

56.957.5

55.6

40

42

44

46

48

50

52

54

56

58

60


US$

/bbl

Crude Petroleum

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




Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

940.0

930.0

969.0

987.0 988.0

978.0

1,002.0

1,017.0

979.0

938.0

923.0

914.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0

21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct

US$

/oz

Platinum

315.0 315.0320.0

330.0

350.0 350.0

390.0 390.0380.0

370.0

350.0 350.0

300.0 300.0310.0

320.0

340.0 340.0

370.0380.0

370.0360.0

330.0 330.0

200

250

300

350

400

450

14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct

US$

/mt

Scrap Iron

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

41.88

46.83

56.20

60.92

55.1351.98

57.26

60.8957.79

59.09

73.10

80.02

80.41

89.4487.65

70.22

62.43

57.48

67.74

76.07

71.53

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0


2016 2017U

S$/d

mtu

Iron Ore

16.5

16.7

16.5

17.117.2

17.1

17.6

18.1

17.8

17.0

16.8

16.6

15.5

16.0

16.5

17.0

17.5

18.0

18.5

21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct

US$

/oz

Silver

40.1

40.7 40.4

41.4

41.7

41.3

42.5

43.3

42.5

41.6

41.3

40.6

38.5

39.0

39.5

40.0

40.5

41.0

41.5

42.0

42.5

43.0

43.5

44.0


US$

/oz

Gold




MITI PROGRAMMEMITI PROGRAMMEMITI @ Hari Peladang, Penternak dan Nelayan Kebangsaan (HPPNK2017)

and Malaysia Food Festival (MFF2017)28 September to 1 October 2017



MITI PROGRAMMEMITI PROGRAMME

Penganugerahan Pertandingan Hackathon 2017 (Mobile Apps) dan Pengiktirafan Agensi Pelaksana Big Data Analytics, 5 Oktober 2017

HR Open Day, 4 October 2017



MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMENational Convention on Good Regulatory Practice 2017

5 October 2017

MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMME



Majlis Pelancaran Mega TUBE di Kota Belud Sabah 7 Oktober 2017

MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMME



Sabah manufacturers urge the Government to seriously look into ‘one country one price’. “The manufacturing industry is a productive sector providing employment along the value chain from transforming raw materials into finished products, said Datuk Alan Ang, FSI Advisor, who is a manufacturer and exporter.

He conveyed this message to the MITI Sabah Director, Ms Rita Elisha Mering during a recent courtesy call on FSI President and council members. ‘With a strong manufacturing sector, it could provide job opportunities to the rakyat and can be a solution to Sabah’s poverty eradication,” added Datuk Ang.

Meanwhile, FSI President, Datuk Mohd Basri Abd Gafar said that Sabah is 10-15 years behind economically compared to Peninsular Malaysia, a fact concurred by Ms Rita. Mohd Basri highlighted the need to catch up with Peninsular Malaysia, adding that policy decisions are KL-centric and do not help or benefit Sabah much. Sabah loses out to Peninsular industries in getting incentives or fund allocations because of inability to meet the eligibility criteria.

On the issue of logistics, Mohd Basri said more allocations need to be pumped in for the development of the Sepanggar Bay Container Terminal in the near future and he urged the formation of the Sabah Logistics Council as was promised by the authorities concerned. The Pan Borneo highway is expected to create economic spinoff and our port needs to live up to its name as a hub port, the scale of Port Klang.

FSI Vice President for Resource-Based, Datuk Yusoff Kasim, noted that in the case of palm oil which Sabah produces in abundance, sadly, there have been long absence of further downstream processing activities apart from cooking oils. These, and more issues and input will be presented during the TN50 (Transformasi Nasional 2050) townhall session with MITI Deputy Minister on October 9, during which MITI will allocate time for FSI’s presentation.

In the meantime, members of FSI are urged to channel their issues or to provide feedback as to their aspiration for Sabah by 2050. These will be considered for the 2050 Blueprint.

ME

DIA

RE

LEA

SE

FSI: Get serious on ‘one country one price’

Mohd Basri (third, left), presenting a memento to Ms Rita Elisha Mering after the courtesy call. Other FSI council members present are (L-R), Vice President (Non-Resource-Based) – Mr Jeff Lu, Advisor – Datuk Alan Ang, Vice President (Resource-Based) – Datuk Yusoff Kasim and Council Member - Mr Conan Teo. The courtesy call was held at Wisma FSM along Jalan Sepanggar, Kota Kinabalu.



of Technical Terms

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

NTBsNon-Tariff Barrier - refer to restrictions that result from prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and/or costly. NTBs also include unjustified and/or improper application of Non-Tariff Measures (NTMs) such as sanitary and phytosanitary (SPS) measures and other technical barriers to Trade (TBT). NTBs arise from different measures taken by governments and authorities in the form of government laws, regulations, policies, conditions, restrictions or specific requirements, and private sector business practices, or prohibitions that protect the domestic industries from foreign competition.

NTMsNon-Tariff Measures - in general, this term is used to identify any measure which is not based on tariff and is applied in order to protect domestic industries. Many non-tariff measures originated from legitimate purposes, for example, human health protection, and are applied in accordance with WTO rules. Agreements such as the Agreement on Sanitary and Phytosanitary Measures (SPS) and the Agreement on Technical Barriers to Trade (TBT) allow governments to practice legal benefit protection measures while minimizing obstacles to trade and avoiding the application of “disguised protectionism”.

OEMOrigional Equipment Manufacturer - An OEM is a company that makes a part or subsystems that is used in another company’s end product. OEM is a company whose products are used as components in the products of another company, referred to as the value-added reseller (VAR). The OEM generally works closely with the company that sells the finished product and customizes designs based on that company’s needs. In the computer industry, OEM may also refer to the VAR, the company that buys products and incorporates or rebrands them into a new product under its own name.. e.g PROTON, PERODUA, Toyota and Honda.

OligopolyWhen a few firms dominate a market. Often they can together behave as if they were a single monopoly, perhaps by forming a cartel. Or they may collude informally, by preferring gentle non-price competition to a bloody price war. Because what one firm can do depends on what the other firms do, the behaviour of oligopolists is hard to predict. When they do compete on price, they may produce as much and charge as little as if they were in a market with perfect competition.

Omni-modalUsed with terms that use all modes of transportation (truck, airplane, vessel, train)

On-carriageOn-carriageDomestic: subsequent transportation beyond main carriageInternational: transportation from the arrival pint on the buyer’s side



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