malaysian government officials participate in the new ... weekly...imports us$23.9 billion...
TRANSCRIPT
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
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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
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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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
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
ia R
elea
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]
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MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Source: Department of Statistics, Malaysia
The turnover of Malaysian affiliates abroad increased to RM324.2 billion
Malaysian Affiliates Abroad 2017
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MITI Weekly Bulletin | www.miti.gov.my
Malaysian Affiliates Abroad 2017M
alay
sia
Stat
isti
cs
Source: Department of Statistics, Malaysia
Labour Force, January 2019M
alay
sia
Stat
isti
cs
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
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
atis
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
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Mal
aysi
a St
atis
tics
Inte
rnat
iona
l St
atis
tics
Digital 2019
Digital 2019: Malaysia
Source: https://datareportal.com/reports/digital-2019
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
0
20
40
60
80
100
120
140
0
20
40
60
80
100
120
140
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
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.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
5,000
10,000
15,000
20,000
25,000
30,000
35,00016
Dec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
200
400
600
800
1,000
1,200
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
0
20
40
60
80
100
120
140
160
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
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
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
10
20
30
40
50
60
70
80
90
100
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
0.20
0.30
0.40
0.50
0.60
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
0
200
400
600
800
1,000
1,200
1,400
1,600
16 D
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
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
ec
23 D
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
ec
30 D
ec
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
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$66.9
Domestic Prices8 March 2019
Steel Bars(per MT)
RM2,100– RM2,250
Billets(per MT)
RM2,000 - RM2,100
8 Mar 2019 8 Mar 2019 8 Mar 2019
8 Mar 2019
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Commodity Prices Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,537.3
1,594.1 1,600.4 1,580.8
1,561.0
1,523.2
1,473.5 1,479.4
1,599.1
1,665.6
1,657.3
1,594.4
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar
US$
/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
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MITI Weekly Bulletin | www.miti.gov.my
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
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MIT
I PR
OG
RAM
MES
MITI Minister Participated in the New Economy Workshop Conducted by Alibaba Business School, 4-7 March 2019
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MIT
I PR
OG
RAM
MES
MITI Minister joined the Official Visit of the Prime Minister to the Philippines, 7-9 March 2019
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MIT
I PR
OG
RAM
MES
MITI Deputy Minister attended the Industrial Internet of Things (IIOT) Plugfest Convention, 7 March 2019
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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
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
For more information, kindly visit:https://www.dosm.gov.my/v1/index.php?r=column/cone&menu_id=N0FVaDR4Y1hGMk1NNi9jS2ZQRFFLZz09#
For more information, kindly visit http://www.isi2019.org/
ANNO
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Tentative Schedule for MITI Pocket Talks 2019
Please click here to register
NO DATE VENUE TOPIC
1 14 March (Thursday)
MITI PENANG
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 11 April (Thursday)
MITI HQ (SEMINAR 1)
3 16 May (Thursday) MITI JOHOR
4 20 June (Thursday)
MITI HQ (SEMINAR 1)
5 18 July (Thursday)
MITI PAHANG
6 22 August (Thursday)
MITI HQ (SEMINAR 1)
7 19 September (Thursday) MITI PERAK
8 17 October (Thursday)
MITI HQ (SEMINAR 1)
9 14 November (Thursday)
MITI KELANTAN
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ANNO
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NOTICE_082018_-_Update_on_Number_of_Characters_for_Importing_HS_Code.pdf
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