Deepavali Message From The Minister of International ... - MITI

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It is that time of the year again for the auspicious festival of Deepavali – which marks the triumph of dharma and good over evil, of hope over despair, of truth over falsehood and of light over darkness.

The symbolic lighting of diya or lamp serves as a commemoration of the light of wisdom and knowledge in our lives. The quest for knowledge is

Deepavali Message From The Minister of

International Trade and Industry Malaysia

a never-ending process. We need to continue learning, improving and innovating ourselves so that Ministry of International Trade and Industry (MITI) remains ahead of the curve.

Moreover, Deepavali is also a reminder for us to take a step back and self-reflect, as we strive to rise above the darkness and negativity that dwells within and transform ourselves to be a better person. Staying positive is crucial for each and every one of us in MITI as we prepare ourselves to embrace challenges that lie ahead.

With the same enthusiasm, MITI and its agencies are excited in pursuing the various economic master plans - Digital Free Trade Zone, National ecommerce, Industry 4.0, Micro Small Medium Enterprise (MSME’s) which will lead to further job creation and economic growth. I am inspired by the transforming industry initiatives and ongoing dynamism by SME’s and the business community in their efforts to continuously improve in enhancing our global competitiveness. We are confident that with economy prosperity and by working together we will reap the benefit of strong economic growth besides ensuring inclusiveness in building a smart nation.

While Deepavali is a time for celebration, it’s also a time for contemplation. We must not forget those who are less fortunate, those who may not be eating as heartily and celebrating as festively.

I would like to take this opportunity to sincerely wish you “Deepavali Valthukaal”. May you have a blessed and joyous Deepavali occassion with your family and friends. Once again, let us come together as we embrace differences and celebrate unity propitiously with aspiration of Negaraku Sehati Sejiwa.

Dato’ Sri Mustapa Mohamed

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

Manufacturing Performance, January - August 2017

21.1%

Jan-Aug 2017: RM500.4bil Jan-Aug 2016: RM413.2bil

20.6%

Exports

J an-Aug 2017: RM478.8bil Jan-Aug 2016: RM397.0bil

20.9%

Jan-Aug 2017: RM979.2bil Jan-Aug 2016: RM810.2bil

Note: % refers to Y-o-Y Growth

Major Exports Product

Jan- Aug 2017 Major Imports Product Jan- Aug 2017

Electrical and Electronic Products

RM220.6bil

21.4%

Chemicals &

Chemical Products RM45.1bil

18.3%

Petroleum Products RM48.4bil

43.6%

Machinery, Equipment

& Parts RM27.5bil

6.9%

Electrical and Electronic Products

RM165.0bil 21.5%

Chemicals &

Chemical Products RM52.9bil

17.6%

Petroleum Products RM49.9bil

55.2%

Machinery, Equipment

& Parts RM51.4bil

24.9%

Note: % refers to Y-o-Y Growth

Sales

Number of Employees

Manufacturing

Performance ^August 2017

Aug 2017 RM65.1bil.

Aug 2016 RM55.9bil

16.5% Salaries &

Wages

Aug 2017 RM3,529.6mil

Aug 2017 RM3,191.2mil

10.6%

Source: Department of Statistics, Malaysia

MALAYSIA

Note: % refers to Y-o-Y Growth

Aug 2017 1,054,482 persons

Aug 2017 1,028,091 persons

2.6%

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MITI Weekly Bulletin | www.miti.gov.my

Source: Department of Statistics, Malaysia

Manufacturing

Aug 2017: 144.9

Aug 2016: 134.7 7.6%

Aug 2017: 142.0

Aug 2016: 137.8 3.0%

Electricity

Aug 2017:105.0

Aug 2016: 99.6 ^Mining 5.3%

IPI

Industrial Production

Index (IPI) ²⁰¹⁷ ^Aug

Manufacturing Indices by sub-sector ^(2010=100) , August 2017

Aug 2017: 133.2 Aug 2016: 124.7

6.8%

123.4

133.2

111.2 105.0 144.9

128.0

142.0 90 110 130 150

Ja n Fe b Ma r Apr Ma y Ju n Ju l Aug Se p Oct Nov De c Ja n Fe b Ma r Apr Ma y Ju n Ju l Aug

In de x

IPI Mining Manufacturing Electricity

Industrial Production Index (IPI) and Sector Indices (2010=100), Jan 2016 - Aug 2017

2016 2017

Food, Beverages and Tobacco Aug 2017: 150.0

Aug 2016: 137.1 Aug 2017: 135.0 Aug 2016: 123.9

9.4%

Textiles, Wearing Apparel, Leather Products and

Footwear

9.0%

T r a n s p o r t E q u i p m e n t and Other Manufactures

9.9%

N o n - m e t a l l i c Mineral Products, Basic Metal and Fabricated Metal

Products

7.1%

Electrical and E l e c t r o n i c s

Products

8.7%

Wood Products, Furniture, Paper

Products, Printing

2.0%

P e t r o l e u m , C h e m i c a l , Rubber and Plastic Products

7.0%

Aug 2017: 127.0

Aug 2016: 124.5 Aug 2017: 130.8

Aug 2016: 122.3 Aug 2017: 145.4

Aug 2016: 135.7 Aug 2017:168.8

Aug 2016:155.3 Aug 2017: 148.7 Aug 2016: 135.3

Note: % refers to Y-o-Y Growth

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Spain Economic Indicators 2016

Population: 46.4 million Land area: 500,210 sq. km

GDP (current US$) US$ 1,232.1 billion

Inflation rate -0.2%

Unemployment rate 19.6%

Global trade US$ 596.7 billion (Rank: 16)

Global exports US$ 287.4 billion (Rank: 16)

Global imports US$ 309.3 billion (Rank: 15)

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

2.21 3.43 2.93 3.14 1.57 1.92 1.94 1.57 1.45 1.78 2.32 2.33 1.56 1.86 0.97 1.22 1.44 1.23 0.87 1.03 1.21 1.29 1.86 2.35 1.91 2.10 1.28 1.62

3.18 3.48

0 2 4 6

20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 16 (J an -A ug ) 20 17 (J an -A ug )

RM Billio n

Exports Imports Total Trade

Major Exports, 2017 (Jan-Aug) Major Imports, 2017 (Jan-Aug)

Note: % refers to share to total exports/imports

Rubber and articles (HS40)

Machinery appliances (HS84) Animal or vegetable

fats and oils (HS15) RM0.51b

27.4% RM0.31b

16.6%

Miscellaneous chemical products (HS38)

RM0.20b

10.6% RM0.15b

8.1%

Electrical machinery and equipment (HS85)

RM0.10b 5.6%

Machinery appliances (HS84)

Pharmaceutical products (HS30)

Iron and steel, primary material(HS72)

RM0.52b

32.1% RM0.16b

9.8%

Electrical machinery and equipment(HS85)

RM0.09b

5.8% RM0.08b

5.0%

Plastics and articles (HS39) RM0.07b 4.3%

International Report

Source: Worldbank, WTO

Source: Department of Statistics, Malaysia

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MITI Weekly Bulletin | www.miti.gov.my

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

- 100 200 300 400 500 600 700

- 100 200 300 400 500 600

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

2016 2017

No. of Certificate of Origin

RM mil.

Generalised System of Preferences (GSP)

Total of FOB (RM mil.) No. of Certificates

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)

- 5,000 10,000 15,000 20,000 25,000

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

2016 2017

RM mil.

ASEAN Trade in Goods Agreement (ATIGA)

- 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

2016 2017

RM mil.

ASEAN-China Free Trade Agreement (ACFTA)

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

- 500 1,000 1,500 2,000 2,500 3,000 3,500

2016 2017

RM mil.

ASEAN-Korea Free Trade Agreement (AKFTA)

- 200 400 600 800 1,000 1,200

- 100 200 300 400 500 600 700

2016 2017

RM mil.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

- 500 1,000 1,500 2,000 2,500 3,000 3,500

- 200 400 600 800 1,000 1,200

2016 2017

RM mil.

ASEAN-India Free Trade Agreement (AIFTA)

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

- 200 400 600 800 1,000 1,200

2016 2017

RM mil.

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

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Number and Value of Preferential Certificates of Origin (PCOs)

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

- 200 400 600 800 1,000 1,200 1,400 1,600

2016 2017

RM mil.

Malaysia-Japan Economic Partnership (MJEPA)

- 100 200 300 400 500 600 700 800 900

- 50 100 150 200 250 300 350 400 450

2016 2017

RM mil.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)

- 5 10 15 20 25 30 35 40 45 50

- 1 2 3 4 5 6 7 8 9 10

2016 2017

RM mil.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

- 50 100 150 200 250 300 350 400 450 500

- 20 40 60 80 100 120

2016 2017

RM mil.

Malaysia-Chile Free Trade Agreement (MCFTA)

- 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000

- 50 100 150 200 250 300 350 400 450 500

2016 2017

RM mil.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

- 500 1,000 1,500 2,000 2,500

- 50 100 150 200 250 300 350 400 450

2016 2017

RM mil.

Malaysia-Australia Free Trade Agreement (MAFTA)

- 200 400 600 800 1,000 1,200 1,400

- 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000

2016 2017

RM mil.

Malaysia-Turkey Free Trade Agreement (MTFTA)

Note: *Provisional Data

Source: Ministry of International Trade and Industry, Malaysia

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Source : Bank Negara, Malaysia

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

US Dollar

Euro

South Korean Won

Pound Sterling

Australian Dollar

Brunei Dollar

4.3481

3.9045

4.4615

4.2089

3.60 3.70 3.80 3.90 4.00 4.10 4.20 4.30 4.40 4.50 4.60

2016 2017

RM

USD 1 = RM

4.7261

4.4269 4.4468

5.0606 5.0145

4.10 4.20 4.30 4.40 4.50 4.60 4.70 4.80 4.90 5.00 5.10 5.20

2016 2017

RM

EUR 1 = RM

0.3610

0.3403

0.3915

0.3715

0.31 0.32 0.33 0.34 0.35 0.36 0.37 0.38 0.39 0.40

2016 2017

RM

KRW 100 = RM

6.2693

5.8826

5.1491

5.6062

4.00 4.50 5.00 5.50 6.00 6.50

2016 2017

RM

GBP 1 = RM

3.0477

2.9609

3.4124

3.3574

2.70 2.80 2.90 3.00 3.10 3.20 3.30 3.40 3.50

2016 2017

RM

AUD 1 = RM

3.0323

2.8904

3.1583

3.1202

2.75 2.80 2.85 2.90 2.95 3.00 3.05 3.10 3.15 3.20

2016 2017

RM

BND 1 = RM

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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-

13 Oct 2017 : US$57.2, 2.8% ^* Average Price ⁱ : 2016: US$45.3

2015: US$53.6 CRUDE PALM OIL

-per MT-

13 Oct 2017 : US$715.5, 0.8%*

Average Price ⁱ : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20 -per MT-

13 Oct 2017 : US$1,440.5, 3.6% ^* Average Price ⁱ : 2016: US$1.394.5

2015: US$1.364.3

COAL -per MT- 13 Oct 2017 : US$60.4, 0.9%

Average Price ⁱ : 2016: US$45.6 2015: US$49.9 COCOA SMC 2

-per MT-

13 Oct 2017 : US$1,481.7, 8.4% ^* Average Price ⁱ : 2016: US$1,609.8

2015: US$2,077.0

SCRAP IRON HMS -per MT-

13 Oct 2017 : US$350.0 ^(high) , unchanged

US$330.0 ^(low) , unchanged

Average Price ⁱ : 2016: US$243.2 2015: US$239.6

HIGHEST and LOWEST 2016/2017

Highest

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

Lowest

23 June 2017 : US$45.5 15 Jan 2016 : US$28.9

Crude Petroleum

(Brent) -per bbl-

Highest

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

Lowest

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

Crude Palm Oil -per MT-

Domestic Prices 13 Oct 2017

Steel Bars

(per MT) RM2,400 – RM2,550

Billets

(per MT) RM2,250 – RM2,300

SUGAR -per lbs-

13 Oct 2017 : US¢ 14.4, 3.1% ^* Average Price ⁱ : 2016: US¢18.2

2015: US¢13.2

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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.

669.5 665.0

656.5 668.5

686.0 690.5 692.5 726.5

749.5

727.5

709.5 715.5

600 620 640 660 680 700 720 740 760

28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct 13 Oct

US$/mt

Crude Palm Oil

1,448.6 1,543.1

1,420.1

1,350.1 1,379.6

1,417.0

1,350.2 1,371.7

1,428.21,442.9 1,616.9

1,481.7

1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650

US$/mt

Cocoa

14.4 14.1

13.2 13.4

14.0 13.9 14.1

15.2

14.6

14.1 14.0 14.4

12.0 12.5 13.0 13.5 14.0 14.5 15.0 15.5

US¢/lbs

Sugar

1,433.5 1,477.5

1,520.51,539.01,554.0 1,559.0

1,695.5

1,633.5

1,515.0

1,442.0 1,494.0

1,440.5

1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750

US$/mt

Rubber SMR 20

6,900 7,088 7,113

7,281 6,917 6,851

6,730 6,337

6,085 5,965

4,516

3,984 4,366

4,605

4,188 4,571

3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500

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

2016 2017

USD/ tonne

Black Pepper

* until 31 May 2017

** data for April & June 2017 are not available

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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.

55.8

54.8 56.0

56.8 56.6 58.1

59.0

60.1 60.1 60.2 59.9

60.4

52.0 53.0 54.0 55.0 56.0 57.0 58.0 59.0 60.0 61.0

US$/t

Coal

1,481 1,531

1,531 1,571 1,551

1,594 1,629 1,639

1,592 1,666

1,737 1,728

1,791 1,861

1,901 1,921

1,913 1,885 1,903

2,030 2,096

1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200

2016 2017

US$/ tonne

Aluminium

4,472 4,599 4,954

4,873 4,695 4,642

4,865 4,752

4,722 4,731

5,451 5,660 5,755

5,941 5,825

5,684 5,600 5,720

5,985 6,486 6,577

4,000 4,500 5,000 5,500 6,000 6,500 7,000

2016 2017

US$/ tonne

Copper

8,507 8,299

8,717 8,879 8,660

8,928 10,263

10,336 10,192

10,260 11,129

10,972

9,971 10,643

10,205

9,609 9,155

8,932 9,491

10,890 11,216

7,000 7,500 8,000 8,500 9,000 9,500 10,000 10,500 11,000 11,500

2016 2017

US$/ tonne

Nickel

49.7 49.6

48.8 48.5

47.9 47.3 47.5

49.9 50.7 51.7

49.3 51.5 52.5 52.4 52.1 52.7 52.4 52.8

53.8 55.6

56.9 57.5 55.6

57.2

40 42 44 46 48 50 52 54 56 58 60

US$/bbl

Crude Petroleum

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

Commodity Price Trends

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MITI Weekly Bulletin | www.miti.gov.my

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

930.0 969.0

987.0 988.0 978.0

1,002.0 1,017.0

979.0

938.0 923.0

914.0 943.0

860.0 880.0 900.0 920.0 940.0 960.0 980.0 1,000.0 1,020.0 1,040.0

28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct 13 Oct

US$/oz

Platinum

315.0 320.0 330.0

350.0 350.0

390.0 390.0 380.0

370.0

350.0 350.0 350.0

300.0 310.0 320.0

340.0 340.0

370.0 380.0 370.0

360.0

330.0 330.0 330.0

200 250 300 350 400 450

21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct 13 Oct

US$/mt

Scrap Iron

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

41.88 46.83

56.20 60.92

55.13 51.98

57.26 60.89

57.79 59.09

73.10 80.02

80.41 89.4487.65

70.22

62.43 57.48

67.74 76.07

71.53

30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0

2016 2017

US$/dmtu

Iron Ore

16.7 16.5

17.1 17.2

17.1 17.6

18.1

17.8

17.0 16.8

16.6 17.4

15.5 16.0 16.5 17.0 17.5 18.0 18.5

28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct 13 Oct

US$/oz

Silver

40.7 40.4

41.4 41.7

41.3 42.5

43.3

42.5

41.6 41.3

40.6 41.8

39.0 39.5 40.0 40.5 41.0 41.5 42.0 42.5 43.0 43.5

US$/oz

Gold

Commodity Price Trends

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MITI Weekly Bulletin | www.miti.gov.my

MITI PROGRAMME MITI PROGRAMME MITI PROGRAMME MITI PROGRAMME

The Qatari Emir’s Official Visit to Malaysia,15 - 16 October 2017

The Emir of Qatar

Sheikh Tamim bin Hamad Al Thani

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MITI PROGRAMME

SAMBUTAN HARI SUKAN NEGARA PERINGKAT MITI DAN AGENSI 2017,14 Okt. 2017

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MITI PROGRAMME

Minister of International Trade and Industry

Official Working Visit to Singapore, 11 October 2017

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MITI Weekly Bulletin | www.miti.gov.my

of Technical Terms

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

Open economy

An economy that allows the unrestricted flow of people, capital, goods and services across its borders Open Regionalism

An APEC theory which was adopted from the very beginning of the organization’s founding in 1989.

The characteristics of open regionalism, expressed in a report by the Peterson Institute, are: 1) the maximum possible extent of unilateral liberalization; 2) a commitment to continue reducing its barriers to non-member countries; 3) a willingness to extend its regional liberalization to non members on a mutually reciprocal basis; and 4) recognition that any individual APEC member can unilaterally extend its APEC liberalization to non-members on a conditional or unconditional basis.

OTDS Overall trade distorting - support comprises Amber Box (refer Amber Box), Blue Box (refer Blue Box) and De Minimis Subsidies (refer De Minis Subsidies).

Pathfinder Approach / Pathfinder Initiative

An APEC approach which allows a group of members able to proceed more quickly on cooperative projects, to do so through cooperative pilot projects (known as ‘pathfinder initiatives’). Experiences generated from such pilot projects are then disseminated to other members. These other members are encouraged to join the pathfinder projects as soon as they are able. Pathfinder initiatives are developed in a manner consistent with APEC principles and practices, and capacity building often forms an important component of pathfinder initiatives.

PCO Preferential Certificate of Origin

PD Program Directors - are often of diplomatic rank and seconded to work at the Secretariat by member economies. Program directors undertake work in specific fields and cooperative projects of APEC, oversee activities of relevant working groups, fora, and meetings to ensure that APEC requirements are met as well as effectively implement policy directives and declarations of Leaders and Ministers.

PDK Perintah Duti Kastam – A Customs Duties Order that include import duties that shall be levied on,

and paid by the importer, in respect of goods imported into Malaysia, at the full rates or tariff rate

quota. The Customs Duties Order also includes export duties that shall be levied on and paid by the

exporter in respect of the goods exported from Malaysia, at the specified rates.

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Deepavali Message From The Minister of International ... - MITI

It is that time of the year again for the auspicious festival of Deepavali – which marks the triumph of dharma and good over evil, of hope over despair, of truth over falsehood and of light over darkness.

The symbolic lighting of diya or lamp serves as a commemoration of the light of wisdom and knowledge in our lives. The quest for knowledge is