malaysian government officials participate in the new ... weekly...imports us$23.9 billion...

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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 VOLUME 526 MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY Weekly BULLETIN 12 March 2019 | NO. ISSN : 2180-0448 Malaysian Government Officials Participate in the New Economy Workshop Conducted by Alibaba Business School, 5 March 2019 Joint Media Release In line with the national agenda to further grow Malaysia’s digital economy, delegates from the Government of Malaysia participated in Alibaba Business School’s New Economy Workshop (NEW) held at Alibaba Group’s headquarters in Hangzhou, China this week. The Malaysian delegation was led by YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI), and also represented by YB Sim Tze Tzin, Deputy Minister of Agriculture and Agro-Based Industry and Surina Shukri, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC) The Workshop aimed at empowering participants through increase in knowledge and understanding on the key elements for the development of Malaysia's digital economy. The Malaysian senior officials represent nineteen (19) Ministries and Agencies that have direct involvement in policy making of Malaysia's national digital economy and e-Commerce, namely: 1. Prime Minister’s Department 2. Ministry of International Trade and Industry 3. Ministry of Agriculture and Agro- Based Industry 4. Office of the Chief Secretary to the Government of Malaysia 5. Ministry of Economic Affairs 6. Ministry of Foreign Affairs 7. Ministry of Finance 8. Ministry of Entrepreneur Development 9. Ministry of Transport 10. Ministry of Youth and Sports 11. Ministry of Education 12. Ministry of Domestic Trade and Consumer Affairs 13. Malaysia Digital Economy Corporation 14. Royal Malaysian Customs Department 15. Central Bank of Malaysia 16. Malaysian Investment Development Authority 17. Malaysia External Trade Development Cooperation 18. Invest KL 19. Kuala Lumpur City Hall

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Page 1: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

VOLUME 526

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N12 March 2019 | NO. ISSN : 2180-0448

Malaysian Government Officials Participate in the New Economy Workshop Conducted by Alibaba Business

School, 5 March 2019

Join

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edia

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ease

In line with the national agenda to further grow Malaysia’s digital economy, delegates from the Government of Malaysia participated in Alibaba Business School’s New Economy Workshop (NEW) held at Alibaba Group’s headquarters in Hangzhou, China this week.

The Malaysian delegation was led by YB Datuk Darell Leiking, Minister of International Trade and Industry (MITI), and also represented by YB Sim Tze Tzin, Deputy Minister of Agriculture and Agro-Based Industry and Surina Shukri, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC) The Workshop aimed at empowering participants through increase in knowledge and understanding on the key elements for the development of Malaysia's digital economy.

The Malaysian senior officials represent nineteen (19) Ministries and Agencies that have direct involvement in policy making of Malaysia's national digital economy and e-Commerce, namely:

1. Prime Minister’s Department2. Ministry of International Trade and

Industry3. Ministry of Agriculture and Agro-

Based Industry4. Office of the Chief Secretary to the

Government of Malaysia5. Ministry of Economic Affairs6. Ministry of Foreign Affairs7. Ministry of Finance8. Ministry of Entrepreneur Development9. Ministry of Transport10. Ministry of Youth and Sports

11. Ministry of Education12. Ministry of Domestic Trade and

Consumer Affairs13. Malaysia Digital Economy

Corporation14. Royal Malaysian Customs

Department 15. Central Bank of Malaysia16. Malaysian Investment

Development Authority17. Malaysia External Trade

Development Cooperation18. Invest KL19. Kuala Lumpur City Hall

Page 2: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

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edia

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The Workshop was conducted pursuant to the official visit by YAB Prime Minister of Malaysia to China in August last year, whereby YAB Prime Minister and Mr. Jack Ma, founder of Alibaba Group had agreed to cooperate on capacity building programmes in the areas of digital economy and e-Commerce.

Speaking at the opening ceremony of the Workshop, the Minister of International Trade and Industry, YB Datuk Darell Leiking thanked Alibaba Group for organising the New Economy Workshop which marks a key milestone in the 45th anniversary of diplomatic relations between Malaysia and China. The Workshop elevates the level of cooperation between the two countries, including via public-private engagements, namely with the Alibaba Group, given the latter’s pioneering experience in setting the global e-commerce phenomenon.

“This programme also signifies another important milestone in the Government’s commitment to drive the country’s digital economy agenda through capacity building programme for the Malaysian senior officials who are responsible in formulating and implementing policies and programmes on digital economy related fields, in particular e-commerce,” said YB Datuk Darell Leiking.

He further added, “The Workshop encourages the senior officials to be sensitised to digital economic friendly elements in formulating and implementing of policies, initiatives and programs at the national level. The participants are expected to become trainers in their Ministries and agencies, which in return enhance the human capital development in the area of digital economy. Ultimately, the welltrained officials will strengthen the joint-ministries efforts in implementing the National e-Commerce Strategic Roadmap (NeSR), 2016-2020, towards achieving greater economic growth and societal well-being in Malaysia.”

Alibaba Group Executive Chairman, Jack Ma said, “Digital economy provides a level playing field to economies in Asia. It is also poised to be a huge growth driver for developing economies. We hope more small businesses and young people will embrace the digital economy and achieve the success they deserve.” According to Surina Shukri, Chief Executive Officer of MDEC, "Alibaba’s ecosystem has enabled millions of people to participate in the global economy through the use of technology. Hence, it is important for Malaysia, in our efforts in driving the country’s digital economy, to move up the learning curve rapidly, by using the Alibaba experience as our guide."

The New Economy Workshop is the latest example of Alibaba's ongoing commitment to support Malaysia's economic development. The Digital Free Trade Zone (DFTZ) Pilot Project, which went live in November 2017, under Alibaba’s Electronic World Trade Platform (eWTP) initiative, is already a success in institutionalising some of the trade facilitation measures undertaken by the Government. A growing number of Malaysian companies have started to export via the DFTZ, and this will only increase as industry players understand the value of participating in this initiative.

Following-up from this Workshop, the Alibaba Business School, in partnership with MDEC, MATRADE and SME Corp Malaysia will organise a programme called “Alibaba Netpreneur Training Malaysia Programme”, aimed at providing local Malaysian entrepreneurs and business leaders with opportunities to harness digital technology, in order to transform their businesses and the local economy. The 10- day program will be held on 23 March - 3 April 2019 and 13 – 24 April 2019 in the Headquarters of Alibaba in Hangzhou.

Ministry of International Trade and Industry (MITI)6 March 2019

Page 3: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

Ministry of International Trade and Industry8 March 2019

Med

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seFinal determination on the anti-dumping investigation

concerning imports of flat rolled product of iron alloy or non-alloy steel, plated or coated with zinc, using hot dip process (galvanised iron coils/sheets or galvanised steel

coils/sheets – galvanised iron) originating in or imported from the People's Republic of China and the Socialist

Republic of Viet NamOn 25 August 2018, the Government of Malaysia initiated an anti-dumping investigation based on a petition filed by FIW Steel Sdn. Bhd. on behalf of the domestic industry producing flat rolled product of iron alloy or non-alloy steel, plated or coated with zinc, using hot dip process (galvanised iron coils/sheets or galvanised steel coils/sheets – galvanised iron). The petitioner alleged that imports of the said product originating in or exported from the People’s Republic of China and Socialist Republic of Viet Nam are being imported into Malaysia at a price lower than the selling price in their respective domestic markets. The petitioner claimed that this is causing material injury to the domestic industry in Malaysia producing the like product.

The Government has conducted and completed a detailed investigation on producers and importers in Malaysia, as well as producers/exporters from the alleged countries in accordance with the Countervailing and Anti-Dumping Duties Act 1993. The final affirmative anti-dumping duties imposed on imports of flat rolled product of iron alloy or nonalloy steel, plated or coated with zinc, using hot dip process (galvanised iron coils/sheets or galvanised steel coils/sheets – galvanised iron) from the People’s Republic of China and Socialist Republic of Viet Nam are as follows:

The People’s Republic of China:1. Angang Steel Company Limited : 10.02%2. Bengang Steel Plates Co., Ltd. : 10.62%3. BX Steel POSCO Cold Rolled Sheet Co., Ltd. : 5.47%4. Fujian Kaijing Greentech Material Co., Ltd. : -5.11%5. Jiangyin ZongCheng Steel Co., Ltd. : 5.95%6. Rizhao Baohua New Material Co., Ltd. : 3.75%7. Shandong Huijin Color Steel Co., Ltd. : 4.33%8. Tianjin Haigang Steel Coil Co., Ltd. : -4.66%9. Yieh Phui (China) Technomaterial Co., Ltd. : 3.76%10. Other producers/exporters : 16.13%

The Socialist Republic Of Viet Nam:1. China Steel Sumikin Joint Stock Company: 3.76%2. Hoa Sen Group : -3.34%3. Nam Kim Steel Joint Stock Company : 2.66%4. Other producers/exporters : 15.69%

The Royal Malaysian Customs Department will enforce the collection of anti-dumping duties and this measure will be effective for five (5) years, from 8 March 2019 to 7 March 2024. With the imposition of anti-dumping duties on imports of flat rolled product of iron alloy or non-alloy steel, plated or coated with zinc, using hot dip process (galvanised iron coils/sheets or galvanised steel coils/sheets –galvanised iron) from the alleged countries, it is expected that the issue of unfair trade practices will be addressed. Interested parties such as local producers and importers, as well as foreign producers/exporters and associations related to the investigation can have access to the non-confidential version of the public report on the final determination by submitting a written request to the Ministry of International Trade and Industry as follows:

DirectorTrade Practices SectionMinistry of International Trade and IndustryLevel 9, Menara MITINo. 7, Jalan Sultan Haji Ahmad Shah50480 Kuala LumpurMALAYSIATelephone Number : (603) 6208 4634 / 4645Facsimile Number : (603) 6211 4429E-mail address : [email protected]

Page 4: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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.my

Mal

aysi

a St

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tics

Source: Department of Statistics, Malaysia

The turnover of Malaysian affiliates abroad increased to RM324.2 billion

Malaysian Affiliates Abroad 2017

Page 5: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

Malaysian Affiliates Abroad 2017M

alay

sia

Stat

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cs

Source: Department of Statistics, Malaysia

Labour Force, January 2019M

alay

sia

Stat

isti

cs

Page 6: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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.my

Mal

aysi

a St

atis

tics

Labour Force, January 2019M

alay

sia

Stat

isti

cs

Labour Force Participation Rate & Unemployment Rate

Page 7: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

Inte

rnat

iona

l St

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tics

Indonesia Economic Indicators 2017264.0 millionP o p u l a t i o n

1.1% annualG r o w t h r a t e

31.2% Employment in Agriculture

21.7% Employment in Industry

47.1% Employment in Services

US$1.09 trillionGDP at constant prices

5.1% annualG r o w t h r a t e

US$23.1b i l l i o n

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

US$2.9 b i l l i o n

US$248.5 b i l l i o n

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

US$65.9b i l l i o n

US$32.4 b i l l i o nCommercialS e r v i c e sI m p o r t s

US$23.9 b i l l i o nCommercialS e r v i c e sE x p o r t s

US$156.9 billionMerchandiseG o o d sI m p o r t s

US$168.6billionMerchandiseG o o d sE x p o r t s

Malaysia's Trade with Indonesia 2008 - 2018

Source: Department of Statistics, Malaysia

Source: www.statistics.apec.org

and YOU...

21 Members

20.7

17.2 18.1 20

.8 27.6 33

.1

31.8

29.1

27.9 33

.6

31.724.2 23.0

29.435.1

31.1 27.9 27.731.0 29.5

37.9 40.344.9

40.347.5

56.0 58.7 61.1 59.5 60.1 57.4

71.5 72.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

RM bi

llion

Exports Imports Total Trade

Page 8: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

Mal

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Inte

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Digital 2019

Digital 2019: Malaysia

Source: https://datareportal.com/reports/digital-2019

Page 9: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

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

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ASEAN-Korea Free Trade Agreement (AKFTA)

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ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

Total FOB (RM mil.) Total CO

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900

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ASEAN-India Free Trade Agreement (AIFTA)

Total FOB (RM mil.) Total CO

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1,000

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1,400

0

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40

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160

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

Total FOB (RM mil.) Total CO

Page 10: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

700

800

16 D

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No.

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Malaysia-Japan Economic Partnership Agreement (MJEPA)

Total FOB (RM mil.) Total CO

0

50

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0

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50

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70

80

90

100

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Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

Total FOB (RM mil.) Total CO

0

2

4

6

8

10

12

14

16

0.00

0.10

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Malaysia-New Zealand Free Trade Agreement (MNZFTA)

Total FOB (RM mil.) Total CO

0

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80

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0

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Malaysia-Chile Free Trade Agreement (MCFTA)

Total FOB (RM mil.) Total CO

0

100

200

300

400

500

600

0

50

100

150

200

250

300

350

400

450

500

16 D

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23 D

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30 D

ec

6 Ja

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17 F

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Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

Total FOB (RM mil.) Total CO

0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

16 D

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No. o

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Malaysia-Australia Free Trade Agreement (MAFTA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

300

0

50

100

150

200

250

300

16 D

ec

23 D

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No.

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RM m

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Malaysia-Turkey Free Trade Agreement (MTFTA)

Total FOB (RM mil.) Total CO

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

Page 11: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

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

Source : Bank Negara Malaysia

US Dollar

Euro

South Korean Won

Pound Sterling

Australian Dollar

Brunei Dollar

3.9578

3.8862

4.1867

4.0746

3.70

3.75

3.80

3.85

3.90

3.95

4.00

4.05

4.10

4.15

4.20

4.25

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

2018 2019

RM

USD 1 = RM

4.8189

4.6736

4.8325

4.6203

4.50

4.55

4.60

4.65

4.70

4.75

4.80

4.85

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

2018 2019

RM

EUR 1 = RM

0.3712

0.3606

0.3719

0.3628

0.35

0.36

0.36

0.36

0.36

0.36

0.37

0.37

0.37

0.37

0.37

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

2018 2019

RM

KRW 100 = RM

5.45575.4755

5.2686

5.2976

5.15

5.20

5.25

5.30

5.35

5.40

5.45

5.50

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

2018 2019RM

GBP 1 = RM

3.1427

2.9060

2.75

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

2018 2019

RM

AUD 1 = RM

2.9736

2.9452

3.0453

3.0091

2.88

2.90

2.92

2.94

2.96

2.98

3.00

3.02

3.04

3.06

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

2018 2019

RM

BND 1 = RM

Malaysian Ringgit Exchange Rate with Selected Countries,January 2018 - February 2019

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%*US$380.0

(high)

8 Mar 2019

%*US$350.0

(low)

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

Commodity Prices

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

CRUDE PETROLEUM (BRENT) -per bbl-

1.0%*US$65.7

8 Mar 2019

CRUDE PALM OIL -per MT-

3.1%*US$549.0

8 Mar 2019

RUBBER SMR 20 -per MT-

2.8%*US$1,452.0

COCOA SMC 2 -per MT-

3.8%* US$1,594.4

COAL -per MT-

2.1%*US$69.1

SUGAR -per lbs-

3.5%*US¢12.2

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest2018/2019

22 Feb 2019 : US$67.1

4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2

Lowest2018/2019

9 Mar 2018 : US$691.5

Highest2018/2019

22 Feb 2019 : US$567.0

4 Jan 2019 : US$503.8 23 Nov 2018 : US$448.5

Lowest2018/2019

Average Price 2018 i : US$71.5 Average Price 2018 i : US$600.1

Average Price 2018 i : US$1,371.0 Average Price 2018 i : US$1,535.6 Average Price 2018 i : US¢12.3

Average Price 2018 i : US$380.7 (high)Average Price 2018 i : US$359.6 (low)Average Price 2018 i : US$66.9

Domestic Prices8 March 2019

Steel Bars(per MT)

RM2,100– RM2,250

Billets(per MT)

RM2,000 - RM2,100

8 Mar 2019 8 Mar 2019 8 Mar 2019

8 Mar 2019

Page 13: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

13MITI 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 Prices 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.

1,537.3

1,594.1 1,600.4 1,580.8

1,561.0

1,523.2

1,473.5 1,479.4

1,599.1

1,665.6

1,657.3

1,594.4

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

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

US$

/mt

Cocoa

2,241

2,253

2,262

2,286

2,275

2,264

2,290

2,300

2,295

2,294

2,299

2,288

2,200.0

2,220.0

2,240.0

2,260.0

2,280.0

2,300.0

2,320.0

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

US$

/mt

Pepper

1,289.01,281.5

1,369.5

1,379.5

1,343.01,341.0

1,335.5

1,319.0

1,353.0

1,428.0

1,493.5

1,452.0

1,200

1,250

1,300

1,350

1,400

1,450

1,500

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

US$

/mt

Rubber SMR 20

45.6 45.3

48.0

51.6

53.8 53.7

55.3

52.7

55.6

57.3

55.8 56.153.8

52.2

57.1

60.5

62.761.6

62.862.1

66.367.1

65.165.7

40

45

50

55

60

65

70

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

US$

/bbl

Crude Petroleum

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

480.5

503.5503.8

524.0

530.5

532.0529.0

542.0

551.5

567.0 566.5

549.0

440

460

480

500

520

540

560

580

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

US$

/mt

Crude Palm Oil

12.3

12.4

11.9

12.8

13.0

12.4

12.6

12.7

13.0

13.3

12.6

12.2

11.5

11.7

11.9

12.1

12.3

12.5

12.7

12.9

13.1

13.3

13.5

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

US¢

/lbs

Sugar

Page 14: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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Commodity Prices Trends

14.7

15.4

15.815.7

15.4

15.7

15.9

15.8

15.7

16.0

15.3

15.3

14.0

14.5

15.0

15.5

16.0

16.5

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

US$

/oz

Silver

40.5

41.1

41.1 41.4 41.3

41.3

42.5

42.1 42.3

42.7 42.2

41.7

38.0

38.5

39.0

39.5

40.0

40.5

41.0

41.5

42.0

42.5

43.0

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

US$

/oz

Gold

Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

2,21

0

2,18

2

2,06

9

2,25

5 2,30

0

2,23

8

2,08

2

2,05

2

2,02

6

2,03

0

1,93

9

1,92

0

1,85

4

1,86

3

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

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

2018 2019

US$

/ to

nn

e

Aluminium

7,06

6

7,00

7

6,79

9

6,85

2

6,82

5 6,96

6

6,25

1

6,05

1

6,05

1 6,22

0

6,19

6

6,07

5

5,93

9

6,30

0

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

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

2018 2019

US$

/ to

nne

Copper

12,8

65 13

,596

13,3

93

13,9

38

14,3

66 15

,106

13,7

94

13,4

11

12,5

10

12,3

15

11,2

40

10,8

35 11

,523

12,6

85

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

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

2018 2019

US$

/ to

nn

e

Nickel

76

.34

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56

67

.15 68

.44

73

.41

73

.26

69

.15

76

.16

88

.22

60.0

65.0

70.0

75.0

80.0

85.0

90.0

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

2018 2019

US$

/dm

tu

Iron Ore

799.1 796.4

827.2

818.0

802.1

818.3

826.7

802.5

806.9

845.9

863.7

817.6

770.0

780.0

790.0

800.0

810.0

820.0

830.0

840.0

850.0

860.0

870.0

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

US

$/o

z

Platinum

350.0 350.0 350.0 350.0

340.0

330.0 330.0

300.0 300.0 300.0

330.0

380.0 380.0 380.0

320.0 320.0 320.0 320.0

310.0

300.0

310.0

290.0 290.0 290.0

310.0

350.0 350.0

350.0

250

270

290

310

330

350

370

390

410

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

US

$/m

t

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

76.1

75.275.6 75.6

76.3 76.6 76.3

75.1

73.8

71.6

70.6

69.1

65.0

66.0

67.0

68.0

69.0

70.0

71.0

72.0

73.0

74.0

75.0

76.0

77.0

78.0

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

US

$/t

Coal

Page 15: Malaysian Government Officials Participate in the New ... Weekly...Imports US$23.9 billion Commercial Services Exports US$156.9 billion Merchandise Goods Imports US$168.6 billion Merchandise

15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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MIT

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MITI Minister Participated in the New Economy Workshop Conducted by Alibaba Business School, 4-7 March 2019

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MIT

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MITI Minister joined the Official Visit of the Prime Minister to the Philippines, 7-9 March 2019

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MIT

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MITI Deputy Minister attended the Industrial Internet of Things (IIOT) Plugfest Convention, 7 March 2019

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MITI Weekly Bulletin | www.miti.gov.my

Durable GoodsDurable goods are one which may be used repeatedly or continuously over a period of more than a year, assuming a normal or average rate of physical usage.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

DysentryDysentery is acute diarrhoea with visible blood in the stool. Dysentery is most often caused by Shigella species (bacillary dysentery) or Entamoeba histolytica (amoebic dysentery).Source : Environment Source Detail : Compendium of Environment Statistics, DOSM

Ecological BalanceEquilibrium between, and harmonious coexistence of, organisms and their environment. Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

Ecological FootprintLand (and water) area of the planet or particular area required for the support either of humankind`s current lifestyle or the consumption pattern of a particular population. It is the inverse of the carrying capacity of a territory. Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

Economic Territory (of a country)The economic territory of a country consists of the geographic territory administered by a government within which persons, goods, and capital circulate freely.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Economic Territory (of an international organization)The economic territory of an international organisation consists of the territorial enclave, or enclaves, over which it has jurisdiction; these consist of clearly demarcated areas of land or structures which the international organisation owns or rents and which it uses for the purposes for which the organisation was created by formal agreement with the country, or countries, in which the enclave or enclaves are physically located.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Economically Significant PricesPrices are said to be economically significant when they have a significant influence on the amounts the producers are willing to supply and on the amounts purchasers wish to buy.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

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19MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

Rasyide RamliInformation Technology Officer

Haryani Mohd SofianAssistant Director

Mohd Zaki SarpanPsychology Officer

Norfarahain YobAssistant Director

Ahmad Faiz Ahmad HafizAssistant Director

Fauziana IbrahimAssistant Psychology Officer

Rosidi MansoorAssistant Islamic Affairs Officer

Helmi Wati AlmiAssistant Administrative Officer

Siti Sarah MohamedSenior Administrative Assistant

Nor Hasliyana YahayaSenior Administrative Assistant

Azura IsmailSenior Administrative Assistant

Mohamad Ishak Mohamed AzizAssistant Administrative Officer

Noor Marlina ZakariaAssistant IT Officer

Aina Fadzilah AadnanAssistant IT Officer

Shairah Dzul KhairAssistant Director

Nadia AbdullahAssistant Administrative Officer

Noorazsina Wati AbdulSenior Administrative Assistant

Nor Haslynda Wan RahimDirector of

Human Resource Management

Noorazlinna RozeliAdministrative Assistant

Noradila AzizAdministrative Assistant

Norfariza MansorAdministrative Assistant

Syafiq SaadonAdministrative Assistant

Mohamad Shaiful Affendi Mahmud

Administrative AssistantRoslinda Abdul RahimAdministrative Assistant

Nor Hashimah RasidAdministrative Assistant

Rodziah Mohd RadziAdministrative Assistant

Nor Ismanizam IsmailAdministrative Assistant

Nur Hafizah MohammadAdministrative Assistant

Md Nizam Abd AzizAdministrative Assistant

Nurhidayah SimahadAdministrative Assistant

Azlinna HarunAdministrative Assistant

Nur Hasanah SapahinAdministrative Assistant

Maria MustafarAdministrative Assistant

Dr. Asmawi Noor SaaraniSenior Principal

Asisstant Director

Rozieyanahayu Ab RahmanSenior Principal

Asisstant Director

Nurul Shuhairah MukhtarSenior Principal

Asisstant DirectorMohd Faizal Md Kasim

Principal Asisstant DirectorWan Nadirah Wan YaheyaPrincipal Asisstant Director

Syamsul Ammar ShuibIslamic Affairs Officer

Mazita binti MananPA to Director

MITI at Your Service

HUMAN RESOURCE MANAGEMENT

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PROGRAMME

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

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Tentative Schedule for MITI Pocket Talks 2019

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NO DATE VENUE TOPIC

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