malaysia - miti.gov.my weekly...malaysia kekal utuh. sehubungan itu kerajaan yang memerintah wajib...

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1 MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 Assalamualaikum Warahmatullahi Wabarakatuh Pada keluaran MITI Weekly Bulletin ke-489 ini ingin kami memanjat setinggi kesyukuran ke hadrat Allah S.W.T kerana dengan limpah dan izinNya kita masih dipertemukan dengan Ramadan 1439H. Alhamdulillah dengan kesihatan yang dikurniakan serta rezeki yang diberkati, kita berjaya menunaikan ibadah puasa dengan sempurna. Sebagai seorang muslim, perintah ibadah puasa yang wajib untuk dilakukan pada bulan Ramadan adalah di dalam Surah Al- Baqarah ayat 183: “Hai orang-orang yang beriman, diwajibkan atas kamu berpuasa sebagaimana diwajibkan atas orang-orang sebelum kamu agar kamu bertaqwa.” Manakala Hadith Rasullullah s.a.w telah menyebut “Rasulullah saw. bersabda, ‘Islam dibangun di atas lima (landasan); persaksian tidak ada ilah selain Allah dan sesungguhnya Muhammad utusan Allah, mendirikan shalat, menunaikan zakat, haji dan puasa Ramadan,'” (H.R. Bukhari / H.R. Muslim / Tirmidzi / Nasa’i / Ahmad). Sesungguhnya, seorang yang bertaqwa adalah mereka yang menunaikan kewajipan seperti mana yang telah ditulis di dalam Al Quran serta dinyatakan melalui Hadith Rasullulah s.a.w. Malaysia adalah negara yang ditubuhkan melalui Perlembagaan dan Undang-undang yang digubal untuk memastikan kerajaan yang memerintah berlaku adil kepada rakyatnya. Hak kehidupan rakyat turut dibela agar keharmonian serta kesejahteraan di Malaysia kekal utuh. Sehubungan itu kerajaan yang memerintah wajib mengekalkan 'rule of law' di dalam pemerintahan negara agar kehidupan serta kesejahteraan rakyat dipelihara secara saksama. Usai Ramadan melabuhkan tirainya, InshaAllah pada tanggal 1 Syawal 1439H, umat Islam di serata dunia akan menyambut Hari Raya Aidilfitri atau Id Mubarak. Kemeriahan Aidilfitri ini amat bermakna untuk rakyat Malaysia kerana ia merupakan manifestasi rakyat majmuk yang bersatu di negara ini. Melalui pembentukan kerajaan yang ada kini, Malaysia diharap akan menjadi rujukan dunia melalui penyatuan rakyatnya yang terdiri dari pelbagai etnik di samping perkongsian kekayaan ekonomi yang adil. Mengambil contoh Rasulullah s.a.w, baginda sentiasa memaaan sesiapa saja yang mengganggu dan menyakiti peribadinya. Maka, adalah menjadi satu kemuliaan untuk saling bermaafan di antara kita serta bekerjasama untuk meneruskan pembangunan dan melakar masa hadapan Malaysia yang lebih gemilang. Semoga di Aidilfitri ini, seluruh warga Malaysia dapat meraikannya dengan bersederhana namun tetap meriah di samping keluarga dan rakan taulan tersayang. Akhir kalam, selamat berhari raya kami ucapkan kepada seluruh rakyat Malaysia dan semoga selamat dalam perjalanan ke destinasi masing-masing. Sekali lagi warga Kementerian ingin mengambil kesempatan ini untuk mengucapkan Selamat Hari Raya Aidilfitri, Maaf Zahir dan Batin. Kementerian Perdagangan Antarabangsa dan Industri (MITI) Kementerian Perdagangan Antarabangsa & Industri

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

Assalamualaikum Warahmatullahi Wabarakatuh

Pada keluaran MITI Weekly Bulletin ke-489 ini ingin kami memanjat setinggi kesyukuran ke hadrat Allah S.W.T kerana dengan limpah dan izinNya kita masih dipertemukan dengan Ramadan 1439H. Alhamdulillah dengan kesihatan yang dikurniakan serta rezeki yang diberkati, kita berjaya menunaikan ibadah puasa dengan sempurna.

Sebagai seorang muslim, perintah ibadah puasa yang wajib untuk dilakukan pada bulan Ramadan adalah di dalam Surah Al-Baqarah ayat 183: “Hai orang-orang yang beriman, diwajibkan atas kamu berpuasa sebagaimana diwajibkan atas orang-orang sebelum kamu agar kamu bertaqwa.”

Manakala Hadith Rasullullah s.a.w telah menyebut “Rasulullah saw. bersabda, ‘Islam dibangun di atas lima (landasan); persaksian tidak ada ilah selain Allah dan sesungguhnya Muhammad utusan Allah, mendirikan shalat, menunaikan zakat, haji dan puasa Ramadan,'” (H.R. Bukhari / H.R. Muslim / Tirmidzi / Nasa’i / Ahmad). Sesungguhnya, seorang yang bertaqwa adalah mereka yang menunaikan kewajipan seperti mana yang telah ditulis di dalam Al Quran serta dinyatakan melalui Hadith Rasullulah s.a.w.

Malaysia adalah negara yang ditubuhkan melalui Perlembagaan dan Undang-undang yang digubal untuk memastikan kerajaan yang memerintah berlaku adil kepada rakyatnya. Hak kehidupan rakyat turut dibela agar keharmonian serta kesejahteraan di Malaysia kekal utuh. Sehubungan itu kerajaan yang memerintah wajib mengekalkan 'rule of law' di dalam pemerintahan negara agar kehidupan serta kesejahteraan rakyat dipelihara secara saksama.

Usai Ramadan melabuhkan tirainya, InshaAllah pada tanggal 1 Syawal 1439H, umat Islam di serata dunia akan menyambut Hari Raya Aidilfitri atau Id Mubarak. Kemeriahan Aidilfitri ini amat bermakna untuk rakyat Malaysia kerana ia merupakan manifestasi rakyat majmuk yang bersatu di negara ini. Melalui pembentukan kerajaan yang ada kini, Malaysia diharap akan menjadi rujukan dunia melalui penyatuan rakyatnya yang terdiri dari pelbagai etnik di samping perkongsian kekayaan ekonomi yang adil.

Mengambil contoh Rasulullah s.a.w, baginda sentiasa memaafkan sesiapa saja yang mengganggu dan menyakiti peribadinya. Maka, adalah menjadi satu kemuliaan untuk saling bermaafan di antara kita serta bekerjasama untuk meneruskan pembangunan dan melakar masa hadapan Malaysia yang lebih gemilang. Semoga di Aidilfitri ini, seluruh warga Malaysia dapat meraikannya dengan bersederhana namun tetap meriah di samping keluarga dan rakan taulan tersayang.

Akhir kalam, selamat berhari raya kami ucapkan kepada seluruh rakyat Malaysia dan semoga selamat dalam perjalanan ke destinasi masing-masing. Sekali lagi warga Kementerian ingin mengambil kesempatan ini untuk mengucapkan Selamat Hari Raya Aidilfitri, Maaf Zahir dan Batin.

Kementerian Perdagangan Antarabangsa dan Industri (MITI)

Kementerian Perdagangan Antarabangsa & Industri

2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Manufacturing Performance January-April 2018

Source: Department of Statistics, MalaysiaNotes: % refers to year-on-year change 1 data for month of April only

10.4%

RM266.9bExports Imports Total Trade

3.1%

RM239.7b

6.8%

RM474.3b

Jan-Apr 2018

Jan-Apr 2017 Jan-Apr 2017 Jan-Apr 2017 Apr 2017

6.9%

Sales Value

Number of

Employees

Salaries&

Wages

SalesValue PerEmployee1

RM264.0b 1,069,410 persons RM15.2b RM61,226

2.1% 5.0% 6.0%

RM247.0b 1,047,310 persons RM13.4b RM57,757

Trade in Manufacturing

Manufacturing Indicators

Industrial Production Index

Jan-Apr 2016

IPI Mining Manufacturing Electricity

4.0%0.5% 5.3% 4.4%109.0

101.8 111.4 111.4

Jan-Apr 2017104.8

Jan-Apr 2017101.3

Jan-Apr 2017105.9

Jan-Apr 2017106.8

MALAYSIA

Source: MITI

3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Manufacturing Performance January-April 2018

(14.2%)RM120.0b

ImportsExports

Trade in Manufacturing

Sales

Manufacturing Index

E&E Products

(2.0%)RM23.8bPetroleum Products

(15.7%)RM18.0bChemicals & Chemical Products

(3.5%)RM82.1bE&E Products

(12.7%)RM26.3bPetroleum Products

(5.8%)RM25.4bChemicals & Chemical Products

(34.8%)RM92.0bE&E

(28.4%)RM74.9bChemicals

(7.3%)RM19.3bMetal

Employment

(31.3%)334,579 personsE&E

(12.4%)Chemical

(9.2%)Metal

132,270 persons

98,352 persons

(18.0#)110.0Chemical

(14.5#)

(5.4#)Metal

111.8

110.9

E&E

Source: MITI

Note: % is share to total # industry weight

Manufacturing Performance by major Industries

January-April 2018

4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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

Malaysia was the Largest Exporter of Bituminous mastics, cut-backs and other bituminous mixtures based on natural asphalt in 2017

International Report

Note : Refers to HS271500Source:http://www.trademap.org/Index.aspx

Malaysia’s Top Five Export Destinations for Bituminous mastics, cut-backs and other

bituminous mixtures based on natural asphalt

61.3%

Malaysia

US$1,477.7m10.3%

Russia

US$248.4m4.0%

USA

US$96.0m

3.0%

Canada

US$72.3m3.0%

Germany

US$72.0m

ChinaUS$1,470.9 mil.

99.5% share

1

0.1% share

Viet NamUS$1.9 mil.

2

0.1% share

IndonesiaUS$1.4 mil.

3

0.1% share

SingaporeUS$1.3 mil.

4

5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

International ReportQS World University Rankings 2019

Massachusetts Institute of Technology (MIT), USA

Stanford University, USA

Havard University, USA

California Institute of Technology (Caltech), USA

University of Oxford, UK

University of Cambridge, UK

ETH Zurich - Swiss Federal Institute of Technology,Switzerland

Imperial College London, UK

University of Chicago, USA

University College London (UCL), UK

Malaysia in QS World University Rankings 2019

University of Malaya Rank 114 in 2018

Universiti Kebangsaan Malaysia Rank 230 in 2018

Source:https://www.topuniversities.com/university-rankings/world-university-rankings/2019

6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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

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.

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ASEAN Trade in Goods Agreement (ATIGA)

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ASEAN-China Free Trade Agreement (ACFTA)

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1,500

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ASEAN-Korea Free Trade Agreement (AKFTA)

Total FOB (RM mil.) Total CO

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ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

Total FOB (RM mil.) Total CO

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300

400

500

600

700

800

900

1,000

0

50

100

150

200

250

18 m

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25 M

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3 Ju

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ASEAN-India Free Trade Agreement (AIFTA)

Total FOB (RM mil.) Total CO

0

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400

600

800

1,000

1,200

1,400

1,600

1,800

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

Total FOB (RM mil.) Total CO

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

MITI Weekly Bulletin | www.miti.gov.my

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

Number and Value of Preferential Certificates of Origin (PCOs)

0

200

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800

1,000

1,200

0

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ay

3 Ju

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il.

Malaysia-Japan Economic Partnership (MJEPA)

Total FOB (RM mil.) Total CO

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il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)

Total FOB (RM mil.) Total CO

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2

4

6

8

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12

14

16

0.00

0.05

0.10

0.15

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0.25

0.30

0.35

18 m

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ay

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ay

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in

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il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

Total FOB (RM mil.) Total CO

0

20

40

60

80

100

120

0

10

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50

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ay

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il.

Malaysia-Chile Free Trade Agreement (MCFTA)

Total FOB (RM mil.) Total CO

0

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18 m

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Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

Total FOB (RM mil.) Total CO

0

100

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300

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500

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0

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Malaysia-Australia Free Trade Agreement (MAFTA)

Total FOB (RM mil.) Total CO

0

50

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250

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350

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Malaysia-Turkey Free Trade Agreement (MTFTA)

Total FOB (RM mil.) Total CO

8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - May 2018

US Dollar

Euro

South Korean Won

Pound Sterling

Australian Dollar

Brunei Dollar

4.4596

3.8862

3.9644

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

2017 2018

RM

USD 1 = RM

4.7389

5.0606

4.6876

4.50

4.60

4.70

4.80

4.90

5.00

5.10

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

2017 2018

RM

EUR 1 = RM

0.3778

0.3915

0.3621

0.3681

0.35

0.35

0.36

0.36

0.37

0.37

0.38

0.38

0.39

0.39

0.40

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

2017 2018

RM

KRW 100 = RM

5.4963

5.6062

5.3408

5.20

5.25

5.30

5.35

5.40

5.45

5.50

5.55

5.60

5.65

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

2017 2018RM

GBP 1 = RM

3.3241

3.4124

2.9874

2.70

2.80

2.90

3.00

3.10

3.20

3.30

3.40

3.50

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

2017 2018

RM

AUD 1 = RM

3.1214

3.1583

2.9452

2.9771

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20

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

2017 2018

RM

BND 1 = RM

9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

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.

Commodity PricesCRUDE PETROLEUM (BRENT)

-per bbl-8 June 2018 : US$76.5, 0.4%*Average Pricei : 2017: US$55.0 2016: US$45.3

CRUDE PALM OIL-per MT-

8 June 2018 : US$662.0, 0.7%*Average Pricei : 2017: US$719.7 2016: US$702.2

RUBBER SMR 20-per MT-

8 June 2018 : US$1,424.0, 0.04%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5

COAL -per MT-8 June 2018 : US$61.0, 0.3%*Average Pricei : 2017: US$57.2 2016: US$45.6

COCOA SMC 2-per MT-

8 June 2018 : US$1,506.4, 8.4%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8

SCRAP IRON HMS-per MT-

8 June 2018 :US$370.0(high), 5.7%* US$350.0 low), 2.9%* Average Pricei : 2017: US$314.5 2016: US$243.2

HIGHEST and LOWEST 2017/2018

Highest 18 May 2018 : US$78.5 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 11 May 2018 : US$641.5

Crude Palm Oil -per MT-

Domestic Prices8 June 2018

Steel Bars(per MT)

RM2,350 – RM2,500

Billets(per MT)

RM2,100 – RM2,300

SUGAR -per lbs-8 June 2018 :US¢12.5, unchanged*Average Pricei : 2017: US¢15.8 2016: US¢18.2

10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI 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.

676.0 677.0675.8

674.5

665.5

654.0

641.7 641.5

655.0

663.0

666.5

662.0

620

630

640

650

660

670

680

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US$

/mt

Crude Palm Oil

1,699.51,719.2

1,672.5

1,662.6

1,849.91,888.0

1,918.9 1,915.5

1,785.3

1,744.3

1,644.3

1,506.4

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 8May 18May 25May 1June 8June

US$

/mt

Cocoa

12.6

12.4 12.312.2

11.9

11.5 11.5

11.2

11.7

12.512.5 12.5

10.0

10.5

11.0

11.5

12.0

12.5

13.0

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US¢

/lbs

Sugar

1,361.5

1,384.5

1,353.0

1,398.5

1,425.5

1,388.5

1,438.5 1,435.51,431.5

1,457.0

1,424.5 1,424.0

1,300

1,320

1,340

1,360

1,380

1,400

1,420

1,440

1,460

1,480

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 8May 18May25May 1June 8June

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

65.964.9

62.1

67.4 67.468.1

69.770.7

71.3

67.9

65.8 65.7

70.5 70.3

67.1

72.6

74.174.6 74.9

77.178.5

76.4 76.8 76.5

50

55

60

65

70

75

80

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US$

/bbl

Crude Petroleum

CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl

11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Commodity Price Trends

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.

63.0

60.8

59.2 59.258.9

56.6 56.6 56.6

58.3

59.6

61.2 61.0

52.0

54.0

56.0

58.0

60.0

62.0

64.0

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US$

/t

Coal

1,79

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

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

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

10,890

11,2

16

11,3

36 11,972

11,495

12,865

13,596

13,393

13,938

14,3

66

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

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

2017 2018

US$

/ to

nn

e

Nickel

410.0 410.0

400.0

380.0 380.0

350.0 350.0 350.0 350.0 350.0 350.0

370.0

395.0 395.0

385.0

350.0

340.0

330.0 330.0 330.0 330.0

340.0 340.0

350.0

300

320

340

360

380

400

420

23Mar 30Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US$

/mt

Scrap Iron

ScrapIron/MT(High)ScrapIron/MT(Low)

80.41

89.44

87.65

70.22

62.43

57.48

67.74

76.07

71.53

61.66

64.24

72.25 76.34

77.46

70.35

65.75

66.10

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

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

2017 2018

US$

/dm

tu

Iron Ore

43.3

42.642.7

43.1

43.4

42.5

42.342.4

41.5

41.942.0

41.7

40.5

41.0

41.5

42.0

42.5

43.0

43.5

44.0

23Mar 30Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US$

/oz

Gold

16.7

16.3

16.5 16.5

17.2

16.6

16.5

16.8

16.516.6

16.5

16.8

15.8

16.0

16.2

16.4

16.6

16.8

17.0

17.2

17.4

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US$

/oz

Silver

960.0

939.0

913.0

929

936.0

914.0

904.0

929.0

888.0

912.0906.0 904.0

840.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June

US$

/oz

Platinum

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MITI Weekly Bulletin | www.miti.gov.my

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

of Technical TermsInternational Payment MethodsCash in Advance:

• Time of Payment : Before Shipment • Goods Available to Buyer : After Payment

Open Account:

• Time of Payment : As agreed; e.g.: 30 days• Goods Available to Buyer : Before Payment

Letters of Credit (L/Cs) are legal instruments issued by banks (on behalf of their customers) with the conditional obligation to make payment to the beneficiary of the L/C:

• Documentary (Trade) Letters of Credit are used to facilitate payments in import and export transactions• Standby Letters of Credit are “standing by” for an event of default or non-performance before they can be drawn on.

Invisible tradeExports and imports of things you cannot touch or see: services, such as banking or advertising and other intangibles, such as copyrights. Invisible trade accounts for a growing slice of the value of world trade.

IoTInternet of Things - System of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.

IPIIndustrial Production Index - The industrial production index measures the change in output in Malaysian manufacturing, mining, construction, and electricity, gas and water. Output refers to the physical quantity of goods produced, unlike sales value, which combines quantity and price. The index covers the production of goods and power for domestic sales in Malaysia and for export. It excludes production in the agriculture, transportation, communications, trade, finance, and service industries, government, and imports.

ITAInformation Technology Agreement - Tariff liberalization arrangement negotiated in the WTO on elimination of import duties on IT products.

J-curveThe shape of the trend of a country’s trade balance following a devaluation. A lower exchange rate initially means cheaper exports and more expensive imports, making the current account worse (a bigger deficit or smaller surplus). After a while, though, the volume of exports will start to rise because of their lower price to foreign buyers, and domestic consumers will buy fewer of the costlier imports. Eventually, the trade balance will improve on what it was before the devaluation. If there is a currency appreciation there may be an inverted J-curve.

JPC 3Jawatankuasa Pengecualian Cukai Besi Keluli - A committee chaired by MITI and representatives from MOF, MIDA and Customs that evaluates and determines import duty exemption applications for raw materials of iron and steel products.

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of Technical Terms

Announcement

Tentative Schedule for MITI Pocket Talk 2018No. Date Venue Topic

1 18-Jul MITI Kelantan • Introduction to FTA & Preferential Certificate of Origin (PCO)

2 8-Aug MITI HQ • Introduction Preferential Certificate of Origin (PCO)• Updates on RCEP

3 15-Aug MITI Perak • Introduction to FTA & Preferential Certificate of Origin (PCO)

4 19-Sep MITI Pahang • Introduction to FTA & Preferential Certificate of Origin (PCO)

5 17-Oct MITI HQ • Introduction to FTA & Preferential Certificate of Origin (PCO)

6 14-Nov MITI Sabah • Introduction to FTA & Preferential Certificate of Origin (PCO)

7 5-Dec MITI HQ • Introduction to FTA & Preferential Certificate of Origin (PCO)

8 12-Dec MITI Sarawak • Introduction to FTA & Preferential Certificate of Origin (PCO)

Please click here to register

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Announcement

Withholding TaxFor more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2

Industry 4.0For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40

Dear Valued Customer,

In conjunction with the Eid Al-Fitr celebration, MITI services as follows will be closed:

The ePCO, ePERMIT and TFIS Systems• 13 June 2018 (Wednesday) from 1.00 p.m• 14 June 2018 (Thursday) until 18 June 2018 (Monday)

System will resume operation on 19 June 2018 (Tuesday, 8.00 a.m)

The Business Advisory Centre (BAC) and Customer Service Counter at MITI Kuala Lumpur• 14 June 2018 (Thursday) until 19 June 2018 (Tuesday)

BAC and service counter will resume operation on 20 June 2018 (Wednesday)

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

CALLING INTERESTED APPLICANTS TO APPLY FOR GRANT UNDER RMK-11

HIGH VALUE ADDED COMPLEX PRODUCT DEVELOPMENT PROGRAMME (PDP) AND

MARKET DEVELOPMENT PROGRAMME (MDP)

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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 Weekly Bulletin Editorial Committee Wishes Happy Eid al-Fitr

1439H/2018M

To all our readers...