Thaipusam Message from the Minister of International Trade and … download... · 2019. 12. 13. · Thaipusam celebration is very timely as to remind us in our quest of achieving

No. ISSN: 2180-0448

Thaipusam Thaipusam Message from the Minister of

International Trade and Industry, Malaysia

MITI Weekly bulletin/ www.miti.gov.my

Dato’ Sri Mustapa MohamedMinister of International Trade and Industry

“DR

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Once again, Malaysia will be celebrating the auspicious festival of Thaipusam in the month of January. This is an important festival in Malaysia where thousands of Hindus will pay respect to Lord Murugan in the temples. As Hindus pray for a better life, I would like to renew our commitments on behalf of MITI and her officers of our continuous commitment towards a responsive and responsible Ministry.

Being a country of diverse religion and culture, this Thaipusam celebration is very timely as to remind us in our quest of achieving a developed nation by 2020, we need to leverage on the strength of all Malaysians. In the current global landscape, it is crucial that we continue working together and remains committed in our undertakings to better serve the people of Malaysia.

On this note, I would like to take this opportunity to extend my greetings to all MITI Weekly Bulletin Hindu readers on the occasion of Thaipusam.

55.11 62.25

46.30 52.53

101.41

114.78

35

55

75

95

115

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

2012 2013

RM Billion

Note:* % change Jan - Nov 2013/2012

Source : Department of Statistics, Malaysia


RM1,247.0 bil.3.7%*

Trade PerformanceJanuary - November 2013

Trade PerformanceJanuary 2009 - November 2013

Total Trade

Export

RM654.1 bil.1.4%*

Import

RM593.0 bil.6.3%*

Export

Total Trade

Import

MITI Weekly Bulletin | www.miti.gov.my

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MALAYSIA

JapanUSARM53.3 bil.RM46.5 bil.RM99.8 bil.

Note:Export Import Total Trade

SingaporeRM91.4 bil.

RM73.1 bil.RM164.5 bil.

ThailandRM36.6 bil.RM35.2 bil.RM71.8 bil.

RM51.7 bil. RM72.9 bil.RM124.6 bil.

Top Five Trading Partners January - November 2013

PRCRM86.6bil.

RM97.0 bil. RM183.6 bil.

1

25

34

50.0


Top Five Export and Import Products January - November 2013

RM bil.

LNG 54.0

Palm Oil 42.0

E & E 216.5Refined Petroleum 57.4

Chemicals & Chemical

44.0 Machinery, Appliances & Parts Manufactures of Metal

38.0

E & E 165.0Refined Petroleum 65.0Chemicals & Chemical

51.3

Total ExportsRM654.1 bil.

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Total ImportsRM593.0 bil.


INTERNATIONAL REPORTSingapore External Trade Data

November 2013

U.S. International Trade in Goods and Services, November 2013

Exports 9.3% (m-o-m) Non-oil domestic export 8.8% (y-oy) Electronic Exports 8.9% Non-electronic export 8.8%

Exports to other major markets (y-o-y)

ROK 33.2%EU27 26.6%HK SAR 20.7%Japan 20.0%Malaysia 9.4%

Malaysia was Singapore’s second

largest trading partner with total

trade worth S$9.75 billion

(RM24.9 billion)

Malaysia was Singapore’s second

major source of imports with

total imports of S$4.27 billion

(RM10.9 billion)

Malaysia was Singapore’s major

export destination with total

exports

Source: Ministry of Trade and Industry (MTI)


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source:http://www.esa.doc.gov/economic-indicators/2014/01/us-international-trade-goods-and-services

U.S. International Trade in Goods and Services, November 2013

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Private road transport cost edged up by 0.1%

Malaysia’s Export of Baby Walkers2008 - Oct 2013

312,446

244,193

49,632

2,482

173,858

208,827

0 50,000 100,000 150,000 200,000 250,000 300,000 350,000

20082009

20102011

2012Jan - Oct

2013

RM

Source : Department of Statistics, Malaysia MITI Weekly bulletin/ www.miti.gov.my

Trade in ServicesExports: $57.8 billionImports: $38.1 billion

Trade in GoodsExports: $137.1 billionImports: $191.0 billion

Trade in Goods & ServicesExports: $194.9 billionImports: $229.1 billion

Total Trade: $424.0 billion

U.S. - Malaysia Bilateral TradeYear $ billion

Exports Imports Total Trade Jan-Nov 2012 11.72 23.86 35.58 Jan-Nov 2013 11.99 24.93 36.92

source:http://www.esa.doc.gov/economic-indicators/2014/01/us-international-trade-goods-and-services

MITI Weekly bulletin www.miti.gov.my

RMB1=RM0.53

GBP1=RM5.32

4.50

4.80

5.10

5.40

0.47

0.50

0.53

0.56

0.59

Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov De

cJa

nFe

bM

arAp

rM

ay Jun Jul

Aug

Sep

Oct

Nov De

c

2012 2013

Source : Bank Negara, Malaysia

Gold and Silver Prices, 25 October - 10 January 2013

Malaysian Ringgit Exchange Rate with British Poundand Chinese Renminbi January 2012 - December 2013

42.8

40.1

22.72

19.59

18

20

22

24

26

28

30

35

37

39

41

43

45

25 Oct I Nov 8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 3 Jan 10 Jan

gold/usd/gramme

silver /usd/oz

Source : http://www.gold.org/investments/statistics/gold_price_chart/

US$/ozUS$/gramme

Aluminium, Nickel, Copper Prices, Jan - Nov 2013

Source : World bank

US$ 1,739

US$ 7,214

US$ 13,926

-

5,000

10,000

15,000

20,000

Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13

Aluminium Copper Nickel

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Number and Value of Preferential Certificates of Origin (PCO’s)

Source: Ministry of International Trade and Industry, Malaysia

AANZFTA AIFTA AJCEP ATIGA ACFTA AKFTA

10 Nov 1,303 310 183 5,872 1,390 69517 Nov 1,445 465 153 6,355 1,595 84624 Nov 1,562 448 190 6,168 1,601 8081 Dec 1,557 533 274 7,283 1,966 7728 Dec 790 385 265 5,066 1,484 886

15 Dec 579 439 184 4,230 1,250 77822 Dec 632 748 266 4,680 1,371 80429 Dec 772 438 185 3,572 1,304 679

Number of CertificatesValue of Preferential Certificates of Origin

AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009)

ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement (Implemented since 1 January 2010)AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 DecAANZFTA 61 80 61 73 55 39 53 62AIFTA 92 121 148 140 385 100 231 77AJCEP 56 42 68 93 70 71 112 47

0

100

200

300

400

RM m

illio

n

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 DecATIGA 674 1,251 571 740 669 649 730 481ACFTA 361 524 761 810 1,135 782 984 743AKFTA 132 282 161 149 1,214 271 135 124

0

500

1,000

1,500

RM

mil

iio

n

Value of Preferential Certificates of Origin

Number of Certificates

MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011) MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 DecMJEPA 92 99 290 133 160 130 81 98MPCEPA 50 54 35 73 42 10 42 11GSP 1,170 526 18,683 496 516 428 350 287

0

5,000

10,000

15,000

20,000

RM

mil

lio

n

MJEPA MPCEPA GSP

10 Nov 916 113 4,18017 Nov 1,155 149 5,75624 Nov 1,290 128 5,0821 Dec 1,395 193 5,246

8 Dec 845 120 3,59115 Dec 762 81 2,78722 Dec 605 160 2,71529 Dec 674 140 2,599

Number of Certificates

Notes: The preference giving countries under the GSP scheme are members of the European Union, Norway, Switzerland, Belarus, the Russian Federation and Turkey. MJEPA: Malaysia-Japan Economic Partnership

Agreement (Implemented since 13 July 2006) MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)



10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 DecMICECA 22.26 13.37 18.54 19.24 24.19 39.35 24.98 38.28MNZFTA 0.01 0.09 0.03 0.17 0.10 0.10 0.07 0.15MCFTA 5.78 9.08 8.55 8.56 9.31 9.74 5.39 6.04MAFTA 28.93 35.85 28.59 37.85 29.56 17.03 60.77 31.12

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

RM m

illio

n

MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)

MICECA MNZFTA MCFTA MAFTA

10 Nov 115 6 52 494

17 Nov 162 14 104 531

24 Nov 176 4 98 400

1 Dec 169 12 102 427

8 Dec 208 4 66 362

15 Dec 182 7 78 251

22 Dec 210 5 43 262

29 Dec 220 9 46 369

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Commodity 10 Jan 2013 (US$)

% Change* 2012i 2011i 2010i

Crude Petroleum (per bbl) 92.3 2.0 77.7-109.5 80.3-112.7 68.0-91.4

Crude Palm Oil (per MT) 876.9 2.0 1,000.4 1,124.0 896.6

Raw Sugar (per MT) 342.5 2.6 473.8 647.0 594.6

Rubber SMR 20 (per MT) 2,204.0 1.5 952.5 1,348.3 1,058.1

Cocoa SMC (per MT) 2,466.6 2.3 2,128.9 2,644.8 2,633.4

Srap Iron HMS (per MT) 410.0 (High)400.0 (Low)

1.2unchanged 444.7 491.0 393.1

Weekly 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

Source : 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

Commodity Price Trends, 25 October - 10 January 2013

25 Oct 1 Nov 8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 3 Jan 10 JanCrude Petroleum/bbl 97.3 97.8 94.9 93.6 93.6 92.3 97.4 97.5 99.2 99.4 94.2 92.3SMR 20/MT 2362.5 2339.0 2314.5 2306.0 2319.0 2303.5 2331.0 2359.5 2324.5 2,316.0 2,238.0 2,204.0Cocoa SMC 2/MT 2,306.2 2,315.7 2,355.8 2,314.5 2,460 2,435 2,444 2,427 2,392 2,532.3 2,411.3 2,466.6Crude Palm Oil/MT 858.5 853.5 925.0 925.0 917.5 915.0 915.0 924.5 897.0 897.0 895.0 876.9Scrap Iron/MT 380.0 370.0 370.0 370.0 370.0 370.0 400.0 400.0 400.0 400.0 400.0 415.0Raw Sugar/MT 417.5 401.0 385.5 381.8 373.3 367.8 352.3 357.5 352.3 352.8 351.5 342.5Iron Ore/MT 180.0 180.0 160.0 160.0 170.0 170.0 170.0 170.0 170.0 170.0 170.0 170.0

0

500

1000

1500

2000

2500

3000

88

90

92

94

96

98

100

102

US$

/MT

US$

/bb

l

Highest & Lowest Prices, 2012/2013

Crude Petroleum (10 Jan 2013)

US$92.3 per bblCrude Palm Oil

(10Jan 2013)US$876.9 per MT

Lowest (US$ per bbl)

19 April 2013: 88.129 June 2012: 77.7

Highest(US$ per bbl)

6 Sept 2013: 110.224 Feb 2012: 109.5

Highest(US$ per MT)

15 Nov 2013: 925.013 Apr 2012: 1,188.3

Lowest (US$ per MT)

4 Jan 2013: 800.0 14 Dec 2012: 773.5

26 Dec 2013 domestic prices for :1.Billets (per MT) : RM1,750 – RM1,800 2.Steel bars (per MT) : RM2,100 - RM2,250

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MITI in the News

TOWARDS LIBERALISATION: Move imminent to maintain strong ties within business communities in Asean and world It is customary that the economic transformations among developing nations will follow the sequence; from a state-managed economy and privatisation of major state-owned services to market liberalisation and finally to a globalised economy.Malaysia began to transform its economy with the implementation of The New Economic Policy (NEP) in the early 1970s while the nation was still a resource-based country depending largely on its rich natural resources; rubber, tin, timber, oil, etc. The NEP envisioned a just social and economic transformation to elevate poverty as well as the fair sharing of the nation's wealth amongst its populace.Tertiary education for the young was instrumental as a means to expedite the economic transformation while agricultural activities were intensified and unused land was acquired for palm oil production. Progress made during the 1970s' era set the foundation for further economic transformation to take place beginning 1980.Most economic activities then were centred in Peninsular Malaysia where land was limited for extensive use in the agriculture sector, such as palm oil. And with the growing number of highly-educated youngsters towards the end of the 1970s, the nation needed to create more employment opportunities in other sectors.Industrialisation was the obvious choice in order to provide more jobs for the highly qualified younger populace, many of whom were science, engineering and business-related graduates. The inception of the "Heavy Industry Corp of Malaysia" (HICOM) in 1980 to spur iron and steel

manufacturing in the country marked the beginning of Malaysia's industrialisation process as well as the privatisation of the Malaysian economy.Subsequent establishments of downstream assembling industries such as Proton Holdings Bhd, and later Perodua, HICOM-Honda, HICOM-Yamaha and Modenas were with the objective of consuming the iron and steel output and other resource based manufacturing within the country. Small and medium industries mushroomed transforming raw materials into parts and components required by the assembling industries.In support of the industrialisation process, under the "Malaysia Incorporation" concept, state-owned utilities and services establishments such as; power generation and supply, water supply, telecommunication, seaport operations, roads and highways operation, airport, public buildings and amenities development and management were privatised.The initiatives were aimed at expediting nation-building by minimising bureaucracy, increasing efficiency and expediting development, henceforth creating more job opportunities and opportunities for private-funding participation.The government remained a shareholder and all new corporations established under HICOM were subjected to governmental scrutiny by virtue of it being the biggest shareholder.Success was eminent of the Malaysian privatisation economy reflected by its high annual growth rates of more than eight per cent achieved in mid 1980s.

Malaysian autoMotive industry - the way forward


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More prominence was shown by the automotive sector where the total local passenger car production, which was merely 80,000 units in 1985, later attained a total of more than 330,000 units in 1997, while total industry volume of both passenger and commercial vehicles attained more than 440,000 in the same year, outpacing the figures in the neighbouring countries.Capturing more than 70 per cent of the local passenger car market, both Proton and Perodua were on the road to success as major automotive players in the local scene. The automotive sector then was one of the major job providers for the young populace, nurturing them towards becoming skill workers able to further enhance the industrialisation endeavour of the nation.The rapid progress of the automotive sector was short lived by the onset of the financial crisis in Asean (Association of Southeast Asian Nations) in late 1997.Sudden devaluation of the ringgit shocked both the economists and the entire business community and the effect was especially devastating for the automotive sector which was still in a developmental stage.Although higher percentage of the components were localised, the critical and complex components such as engine and transmission system were still on the importation list. Most initiatives to localise these components were put on hold as the investment quantum required for the development of these component industries were becoming uncertain.The effect of the crisis has altogether altered the landscape of the automotive industry retarding the technological progress as well as imparting uncertainties in the local automotive financing structure and market scenario.The crisis is now history but the incident had put the government in a predicament to set the right timing to liberalise the automotive sector, acknowledging the importance of the sector towards nation-building and industrialisation.

Liberalisation of the automotive industry is imminent for Malaysia to maintain its strong ties within the business communities in the Asean region and the world at large. It is a tough balancing act between trying to maintain and to grow local manpower capabilities, pursuing national advancement in science, engineering and technology, and to develop other desirable parameters prerequisite for the industrialisation endeavour, but at the same time having to facilitate an open market access for more able and stronger automotive players to operate within the same market.To sustain whatever the nation has achieved over the last 30 years, competitiveness among the local automotive players is key and as such any liberalisation initiative will need to consider the prescribed desirable industrialisation parameters are to the Malaysian advantage.Liberalisation promises an increase in foreign direct investment, accessibility to technology licensing, and increase in consumption and export opportunity, which are all relevant to generate growth within the automotive sector.However implementation of the economic liberalisation framework needs to consider possible setbacks like increased dependence on foreign nations, particularly in automotive engineering and technology, imbalanced development within the automotive sector and little employment created for the unskilled and semi-skilled workforce.Liberalisation of the Malaysian automotive industry is inevitable and is imminent, and local automotive players have no alternative but to expedite implementation of all prerequisites for them to be competitive to face the challenges of liberalisation of the automotive industry.


Source : Malaysia Automotive Institute (MAI)

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Mat Salai Sdn Bhd

Source : MITI

Mat Salai Sdn Bhd is the story of how an idealistic entrepreneur on a mission to help others create a better life ended up achieving the kind of success that most can only dream about. When Puan Maznah Muhamad started out seeking a cause to which to throw her considerable dynamism and energy, she found herself taking up the call from the Government to develop the nation’s human resources; initially focusing on the youths but later expanding her reach to the disadvantaged such as single mothers. She rightly decided that the best way to achieve her goal would be to help them to succeed as entrepreneurs.She came up with the idea to upgrade a Malaysian favourite – the burger stall, a mainstay of modern Malaysian culture, as well as the symbol of the humble enterprising spirit of many of the nation’s youths. Her vision of this upgrade resulted in kiosks and stalls that are designed to be easily assembled, disassembled and transported. This made for great mobility and flexibility for the operator. Strong branding and attractive packaging were also hallmarks that contributed to its fast rise to success.Mat Salai Sdn Bhd was incorporated in December 2007, and offered franchise of Mat Salai kiosks which sell burgers and drinks. With the help of a number of government ministries including the ministries for youth, women’s development and human resources, for an initial fee of RM5,000 the company offered participants enrolment into a programme that not only included ownership of kiosks, but extensive operational and management training, in-depth business advisory, as well as operating essentials such as uniform and raw ingredients. The strategy of charging only a one-time fee of RM5,000 with no other costs for the franchisee turned out to be a winning strategy, and by 2013 there were more than 1500 Mat Salai kiosks throughout Malaysia.An initial lack of capital as well as experience in the business was quickly addressed as numerous government agencies stepped up to lend a helping hand. When SME Bank came into the picture the company was pleasantly surprised at the low-interest rates, long-term loans and flexible repayment arrangements on offer. The Bank’s professional business advisory support was the cherry on top of an attractive proposition. Mat Salai Sdn Bhd currently operates from its 4-storey headquarters in Puchong, Selangor which houses all the company’s divisions. The company is constantly innovating, menu items are constantly upgraded and new methods of doing business explored. Mat Salai’s second major franchise product is the Café-on-Wheelz which was launched in February 2013, a shiny and impressively packaged upgrade of the kiosk concept that even offers free wifi wherever it sets up. Hot on its heels is the Mat Salai Café on Bike, an impressive feat of fitting a café onto 2 wheels – which has already made its way from the drawing board into a prototype! Address:

No. 37, 37-1,37-2,37-3, Jalan Puteri 2/1, Bandar Puteri,

47100, Puchong, Selangor Darul Ehsan Tel: 6(03) 8068 4995 Fax: 6(03) 8068 2595


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Successful Malaysian Company

Dear Readers,Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish letters as reprints. http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c

Comments & Suggestions

TERMINATION OF THE GENERALIZED

SYSTEM OF PREFERENCES (GSP)1 JANUARY 2014

Name : Rosyatimah Mat YunusDesignation : Administrative AssistantDivision : Multilateral Trade Policy and NegotiationsDuration of Service : 12 yearsContact : 03-62000120Email : [email protected]

Name : Ahmad Masduqi MansorDesignation : Administrative AssistantDivision : Strategic PlanningDuration of Service : One yearContact : 03-62000474Email : [email protected]

1. As announced since 1 January 2013 through the ePCO system and leaflets at all MITI counters, effective 1 January 2014, Malaysia will no longer enjoy the GSP schemes offered by the EU and TURKEY. Malaysia has been graduated out of the scheme in light of the country achieving upper middle income status (according to the World Bank). MITI will no longer issue FORM A to EU, TURKEY and ASEAN countries. [TURKEY is part of EU Custom Union].

2. It has been informed that some Custom Authorities will reject the FORM A of goods arriving on 1 January 2014. Manufacturers and exporters are thus advised to apply for the FORM A early and make the necessary arrangements to ensure goods arrive at the destination before 1 January 2014.

3. Information on the GSP rate can be obtained http://ec.europa.eu/taxation_customs/dds2/taric/taric_consultation.jsp?Lang=en&SimDate=20121129

4. Please take note that exports to Norway, Switzerland, Russia, Belarus & Japan are not affected. MITI will continually update on any new developments about the GSP through ePCO system.

Ministry of International Trade & Industry Malaysia

“DR

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G G

rowth”

Documents

Thaipusam Message from the Minister of International Trade and … download... · 2019. 12. 13. · Thaipusam celebration is very timely as to remind us in our quest of achieving