Umat Islam akan menyambut Hari Raya Aidil Adha atau Hari Raya Korban tidak lama lagi. Di dalam tradisi Islam, perayaan ini mengenang pengorbanan serta kesabaran Nabi Ibrahim dan anakandanya Nabi Ismail.
Pengorbanan, secara umumnya membawa maksud luas merangkumi aspek kerohanian dan kehidupan sehari-hari. Pengorbanan seseorang demi keluarga, masyarakat, agama dan negara, dan usaha yang diambil untuk kebaikan bersama boleh didefinasikan sebagai pengorbanan. Semua agama menuntut umatnya supaya sentiasa memiliki kesabaran dan sanggup berkorban masa, wang ringgit, jiwa raga, tenaga serta kepentingan diri bagi memperolehi keredhaan daripada Tuhan Yang Maha Kuasa. Masyarakat khususnya umat Islam
Perutusan Hari Raya Aidil Adha
sentiasa diingatkan oleh ahli agama untuk merenung peristiwa agung berkenaan dan menjadikan ia sebagai panduan hidup seharian dalam menghadapi pelbagai bentuk cabaran dan dugaan.
Konsep pengorbanan bukan hanya terbatas dalam aspek kerohanian semata-mata atau pun aspek duniawi sahaja. Sebagai penjawat awam, adalah penting untuk menghayati konsep pengorbanan dalam melaksanakan tanggungjawab dengan bersungguh-sungguh, kesanggupan melakukan tugas-tugas walaupun melebihi masa dan kadar upah yang diterima. Pengorbanan juga adalah berkaitan dengan kesanggupan berada jauh dari orang-orang yang tersayang dan kampung halaman demi melaksanakan amanah yang digalas. Pengorbanan dalam menjalankan tugas mencerminkan keikhlasan yang menghasilkan keberkatan dalam kehidupan.
Sehubungan itu, saya berharap semua warga MITI dan rakyat Malaysia, akan meraikan Aidil Adha ini dengan perasaan yang gembira bersama-sama keluarga dan sanak saudara walau di mana jua ia diraikan. Turut didoakan, semoga enam orang Jemaah haji dari MITI bersama semua Jemaah Malaysia selamat pergi dan kembali ke tanah air. Akhir kata, bagi pihak diri saya dan keluarga MITI seluruhnya, sekali lagi saya ingin mengambil kesempatan ini untuk mengucapkan Selamat Hari Raya Aidil Adha kepada semua pembaca MITI Weekly Bulletin (MWB).
Menteri Perdagangan Antarabangsa dan Industri 21 Ogos 2018
MITI Weekly Bulletin | www.miti.gov.my
Media Release
Malaysia Continues to Record Positive Labour Productivity Growth
Labour Productivity Per Hour Worked
1. In the second quarter of 2018, Malaysia’s labour productivity as measured by output per hour worked by all persons, including employees, proprietors, and unpaid family workers, grew 3.7% as a result of growth in output at 4.5% and total hours worked by 0.7%.
2. Across five (5) main economic sectors, mining and quarrying recorded the highest productivity per hour worked with growth registered at 6.2%, followed by construction (5.0%), services (4.9%), agriculture (3.4%), and manufacturing (1.7%).
3. The significant growth in mining and quarrying and construction subsectors was due to the higher reduction in total hours worked relative to output growth.
4. Services sector performance was mainly driven by the information and communication subsector, which, grew by 8.1%, accommodation subsector by 7.9% and retail trade subsector by 7.3%.
5. Agriculture sector showed improvement in crops and livestock (4.3%), while forestry and logging and fishing subsectors both registered lower contraction at 17.9% and 0.7% respectively compared to the previous quarter.
6. Among the subsectors that have contributed to the 1.7% growth in the manufacturing sector’s performance are the transport equipment, other manufacturing and repair (6.9%), followed by non- metallic mineral products, basic metal and fabricated metal (5.1%) and electrical, electronic and optical products (3.7%).
7. In the second quarter 2018, Malaysia’s labour productivity by hours worked also recorded positive growth across all 9 priority subsectors outlined under the Malaysia Productivity Blueprint.
8. Professional services subsector recorded the highest productivity performance in total hours worked with growth at 11.5% followed by tourism at 8.8%, information and communication technology (ICT) at 8.6%, agro-food at 6.9%, retail and food and beverages (F&B) at 5.2%, chemicals and chemical products at 4.9%, private healthcare at 3.4%, machinery and equipment at 2.2% and finally electrical and electronic at 0.8%.
Labour Productivity Per Person Employed
9. In terms of per person employed, Malaysia’s labour productivity grew by 2.0% in the second quarter 2018, as output grew moderately at 4.5% while employment grew at 2.4%. Labour productivity, or output per labour, is calculated by dividing real output by the number of employed person by all persons, including employees, proprietors, and unpaid family workers.
10. Across five (5) main economic sectors, mining and quarrying recorded the highest labour productivity growth of 5.2%, followed by construction (4.0%), services (2.5%), manufacturing (1.5%) and agriculture (1.3%).
Media Release
11. Favorable performances of the mining and quarrying and construction sectors are due to the slower growth in employment relative to output growth. The performance of services sector was mainly contributed by the growth in information and communication subsector of 5.8%, followed by accommodation subsector 5.0% and retail trade subsector 4.5%.
12. For manufacturing sector, the performance was driven primarily by the higher growth in the subsectors, which include transport equipment, other manufacturing and repair (7.4%), wood products, furniture, paper products and printing (4.1%), and electrical, electronic & optical products (2.0%).
13. The agriculture sector rebounded to 1.3% compared to a contraction of 1.4% in the previous quarter. Strong improvement in forestry and logging subsector as well as fishing subsector has led to the overall agriculture sector productivity performance.
14. Under the 9 priority subsectors, professional services recorded the highest performance at 9.6%, followed by agro-food at 6.3%, tourism at 5.9%, ICT at 5.8%, machinery and equipment at 5.0%, private healthcare at 3.9%, retail and F&B at 2.6%, chemicals and chemical products at 2.5%
and finally electrical and electronics at 1.5%.
Sustaining Productivity Growth
15. Productivity growth is the key to sustainable living standards rather than the sheer accumulation of capital and labour inputs. In this context, Malaysia needs to explore new ways of challenging the frontier. The Government continues to implement various initiatives and activities to provide conducive business environment that will support the industry in enhancing their productivity performance.
16. Modernising business regulations is one of the initiatives that will lead to a more competitive business environment. Understanding the complexity of the process in developing and implementing regulations, new and amended regulations are recommended to undergo Regulatory Impact Analysis (RIA) before they are implemented to ensure that benefits of the proposed regulation will outweigh its cost. From January 2017 to May 2018, 110 regulatory notifications have been received to be analysed through RIA.
17. The way regulations are implemented, administered and enforced can significantly impact compliance burdens for businesses. A total of 32 projects under Modernising Business Licensing, Reducing Unnecessary Regulatory Burden and Cutting Red Tape Programmes were completed during 2017. It was estimated that these projects resulted in potential compliance cost savings of RM1.2 billion.
18. More efforts will need to be done to enhance the productivity performance of the nation to reach its annual target growth of 3.7%. To progress as an economy, we must master new technologies, transform quickly and continue to enhance our competitiveness. The business climate must remain dynamic to encourage investments in new activities and create new jobs. To progress as a society, we must ensure that everyone regardless of age, gender and income level can access better jobs and opportunities to advance. All these can be done through strong collaboration and partnership among the Government, academia and industries.
YB Darell Leiking
Minister of International Trade and Industry 21 August 2018
Media Release
MITI Weekly Bulletin | www.miti.gov.my
Media Release
Initiation of administrative review of an anti-dumping duty with regard to the imports of hot rolled coils originating in or exported from the People’s Republic
of China and the Republic of Indonesia
On 17 July 2018, the Government of Malaysia received a Petition from an interested party requesting for administrative review of an anti-dumping duty on imports of hot rolled coils, chequered coils, and pickled & oiled coils. The request is made based on the ground that there is no more local production of hot rolled coils in Malaysia.
The original anti-dumping investigation was initiated on 18 June 2014 and the final affirmative anti-dumping duties were imposed on 14 February 2015 until 13 February 2020; ranging from 2.49% to 25.40%. In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994, the Government will initiate the administrative review and the final determination of the administrative review will be made within 180 days from the date of initiation.
In connection with this investigation, the Ministry of International Trade and Industry (MITI) will provide a set of questionnaires to interested parties listed in the petition. Other interested parties may request for the questionnaires no later than 30 August 2018. Interested parties may also provide additional supporting evidence to MITI before 14 September 2018.
In the event no response is received within the specified period, the Government will make its preliminary findings based on the best facts available.
Further enquiries concerning this investigation can be directed to:
Director
Trade Practices Section
Ministry of International Trade and Industry (MITI) Level 9, Menara MITI
No. 7, Jalan Sultan Haji Ahmad Shah 50480 Kuala Lumpur
MALAYSIA
Telephone Number: (603) 6208 4632/4636/4637 Facsimile Number : (603) 6211 4429
E-mail address : [email protected]
Ministry of International Trade and Industry 15 August 2018
Economic Performance Second Quarter 2018
Malaysia Statistics
Malaysia's economy grew by 4.5% in the second quarter
this year, slower than the first quarter growth 5.4%. Services, manufacturing and construction sectors continued to register positive growth. On the expenditure side, the momentum was spearheaded by private final consumption expenditure and gross fixed capital formation.4.1 4.0 4.3 4.5
5.6 5.8 6.2
5.9 5.4
4.5
Q1 16265.3 Q2 16271.6 Q3 16281.3 Q4 16290.8 Q1 17280.2 Q2 17287.3 Q3 17298.7 Q4 17308.1 Q1 18295.3 Q2 18300.1
GDP at constant 2010 prices (RM billion) Annual percentage change at constant 2010 prices (%)
Source: Department of Statistics, Malaysia
MITI Weekly Bulletin | www.miti.gov.my MITI Weekly Bulletin | www.miti.gov.my
Malaysia Statistics
Economic Performance Second Quarter 2018
Source: Department of Statistics, Malaysia
Balance of Payment Second Quarter 2018
Malaysia Statistics
Malaysia's Current Account Balance narrowed to
RM3.9 billion in Q2 2018
Source: Department of Statistics, Malaysia
MITI Weekly Bulletin | www.miti.gov.my
Malaysia Statistics
International Investment Position Second Quarter 2018
Malaysia's International investment position recorded
net liabilities of RM79.7 billion
Source: Department of Statistics, Malaysia
Malaysia Statistics
Labour Productivity Second Quarter 2018
Source: Department of Statistics, Malaysia
MITI Weekly Bulletin | www.miti.gov.my
MALAYSIA PRC VIETNAM GERMANY THAILAND
16.0% a
US$292.57m
12.6% a 7.8%
a6.3%
a5.0%
aUS$230.54m US$141.92m US$115.79m US$91.42m
Notes : a % Share in World’s export
b % Share in Malaysia’s export * Refers to HS 10112
Source: http://www.trademap.org/Index.aspx
Malaysia’s top five exports destinations for coffee preparations based on
extract/essence/conc* in 2017 PRC
INDONESIA THAILAND KAZAKHSTAN SAR
US$43.1m US$31.7m US$20.9m US$16.8m US$16.5m
14.7%
10.8%
7.1%
5.8%
5.6%
M a l a y s i a w a s r a n k e d n u m b e r o n e e x p o r t e r o f C o f f e e P r e p a r a t i o n s B a s e d o n E x t r a c t / E s s e n c e / C o n c * ,
i n 2 0 1 7
International Statistics
THAILAND 5.0%
aUS$91.42m
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0 20 40 60 80 100 120 140 160 180
0 5 10 15 20 25 30 35 40
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
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.
0 1,000 2,000 3,000 4,000 5,000 6,000
0 500 1,000 1,500 2,000 2,500
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
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 1,000 2,000 3,000 4,000 5,000 6,000
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200 1,400
0 500 1,000 1,500 2,000 2,500
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300
0 20 40 60 80 100 120 140 160
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0 100 200 300 400 500 600 700 800 900
0 50 100 150 200 250 300 350 400
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200 1,400 1,600
0 20 40 60 80 100 120 140 160
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
MITI 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 50 100 150 200 250 300 350 400
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350
0 50 100 150 200 250
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
Malaysia-Pakistan Closer Economic Partnership (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
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0 20 40 60 80 100 120
0 5 10 15 20 25
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0 100 200 300 400 500 600
0 10 20 30 40 50 60 70 80
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
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
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350 400
0 50 100 150 200 250 300 350 400
27 May 3 Jun 10 Jun 17 Jun 24 Jun 1 Jul 8 Jul 15 Jul 22 Jul 29 Jul 5 Aug 12 Aug No. of Certificate of Origin
RM mil.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries, January 2017 - July 2018
US Dollar
Philippine Peso
Vietnamese Dong
Hong Kong Dollar
Indonesian Rupiah
Indian Rupee
4.4596
3.8862 4.0493
3.50 3.60 3.70 3.80 3.90 4.00 4.10 4.20 4.30 4.40 4.50 4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017 2018
RM
USD 1 = RM
8.9685
7.4635
7.5792
6.50 7.00 7.50 8.00 8.50 9.00 9.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017 2018
RM
PHP 100 = RM
0.0197
0.0171
0.0175
0.0155 0.0160 0.0165 0.0170 0.0175 0.0180 0.0185 0.0190 0.0195 0.0200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017 2018
RM
VND 100 = RM
57.4972
49.5163
51.5986
44.00 46.00 48.00 50.00 52.00 54.00 56.00 58.00 60.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017 2018
RM
HKD 100 = RM
0.0334
0.0281
0.025 0.026 0.027 0.028 0.029 0.030 0.031 0.032 0.033 0.034
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017 2018
RM
IDR 100 = RM
6.5503
6.8277
5.8692 5.8948
5.20 5.40 5.60 5.80 6.00 6.20 6.40 6.60 6.80 7.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2017 2018
RM
INR 100 = RM
MITI Weekly Bulletin | www.miti.gov.my
Commodity Prices
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.
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-
17 Aug 2018 : US$71.8, 1.3%*
Average Price
i: 2017: US$55.0 2016: US$45.3 CRUDE PALM OIL
-per MT-
17 Aug 2018 : US$569.0, 0.3%*
Average Price
i: 2017: US$719.7 2016: US$702.2
RUBBER SMR 20 -per MT-
17 Aug 2018 : US$1,339.5, 0.7%*
Average Price
i: 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-
17 Aug 2018 : US$65.4, 0.2%*
Average Price
i: 2017: US$57.2 2016: US$45.6 COCOA SMC 2
-per MT-
17 Aug 2018 : US$1,303.6, 0.6%*
Average Price
i: 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS -per MT-
17 Aug 2018 :US$380.0
(high), unchanged*
US$360.0
low), unchanged*
Average Price
i: 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest
29 June 2018 : US$79.4 29 Dec 2017 : US$66.9
Lowest
9 Feb 2018 : US$62.8 23 June 2017 : US$45.5
Crude Petroleum
(Brent) -per bbl-
Highest
9 Mar 2018 : US$691.5 20 Jan 2017 : US$843.0
Lowest
30 June 2017 : US$650.0 17 Aug 2018 : US$569.0
Crude Palm Oil -per MT-
Domestic Prices 17 Aug 2018
Steel Bars
(per MT)
RM2,400– RM2,550
Billets
(per MT) RM2,250– RM2,330
SUGAR -per lbs- 17 Aug 2018 :US¢10.2, 3.4%*
Average Price
i: 2017: US¢15.8
2016: US¢18.2
15
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group,
World Bank, World Gold Council, The Wall Street Journal.
Commodity Price Trends
16.6
16.5
16.8
16.5 16.6
16.5
16.8
16.3
16.4
16.1 16.1
15.8
15.2 15.4 15.6 15.8 16.0 16.2 16.4 16.6 16.8 17.0
U S$ /o z
Silver
42.5
42.3 42.4
41.5
41.9 42.0
41.7
41.9
40.7
40.2 40.4
40.2
39.0 39.5 40.0 40.5 41.0 41.5 42.0 42.5 43.0
U S$ /o z
Gold
1,791 1,861 1,901 1,921 1,913 1,885 1,903 2,030 2,096 2,131 2,097 2,080 2,210 2,182 2,069 2,255 2,300
1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$/ tonne
Aluminium
5,755 5,941 5,825 5,684 5,600 5,720 5,985 6,486 6,577 6,808 6,827 6,834 7,066 7,007 6,799 6,852 6,825
4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$/ tonne
Copper
9,971 10,643 10,205 9,609 9,155 8,932 9,491 10,890 11,216 11,336 11,972 11,495 12,865 13,596 13,393 13,938 14,366
7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$/ tonne
Nickel
80.41 89.44 87.65 70.22 62.43 57.48 67.74 76.07 71.53 61.66 64.24 72.25 76.34 77.46 70.35 65.75 66.10
30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$/dmtu
Iron Ore
906.0 904.0
869.0 870.0 854.0
848.6
830.3 829.5 831.7 836.9 829.6
777.3
700.0 750.0 800.0 850.0 900.0 950.0
1 June 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/oz
Platinum
16.5 16.8
16.3 16.4 16.1 16.1
15.8
15.5 15.5 15.5 15.3
14.6
13.5 14.0 14.5 15.0 15.5 16.0 16.5 17.0
1 June 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/oz
Silver
42.0 41.7 41.9
40.7 40.2 40.4
40.1
39.2 39.5
39.1 39.0
38.0
35.0 36.0 37.0 38.0 39.0 40.0 41.0 42.0 43.0
1 June 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/oz
Gold
350.0 370.0 370.0
390.0 390.0 390.0 390.0 390.0
380.0 380.0 380.0 380.0
340.0 350.0 350.0
375.0 375.0 375.0 375.0 375.0
360.0 360.0 360.0 360.0
300 310 320 330 340 350 360 370 380 390 400
1 June 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low) 61.2 61.0 61.0 61.0
62.3 63.8
64.4 64.6
65.2 65.2 65.3 65.4
58.0 59.0 60.0 61.0 62.0 63.0 64.0 65.0 66.0
1 June 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/t
Coal
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,644.3
1,506.4 1,553.3
1,607.1 1,646.7 1,612.5
1,633.7
1,463.5 1,489.2
1,408.5
1,311.4 1,303.6
1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700
1 June 8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/mt
Cocoa
12.5 12.5
12.3 12.4 12.3
11.5
11.0 11.1
10.9 10.9
10.5
10.0 10.2 10.5 11.0 11.5 12.0 12.5 13.0
1 June 8 June 15 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US¢/lbs
Sugar
1,424.5 1,424.0
1,371.5
1,352.0 1,354.5
1,316.0 1,314.5 1,342.5
1,332.5 1,316.5
1,349.0 1,339.5
1,240 1,260 1,280 1,300 1,320 1,340 1,360 1,380 1,400 1,420 1,440
1 June 8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/mt
Rubber SMR 20
6,900 7,088 7,113 7,281 6,917 6,851 6,730 6,337 6,085 5,965 4,516 3,984 4,366 4,605 4,170 4,474 4,463 3,974 2,950 3,476 4,114
2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017
USD/ tonne
Black Pepper
65.8 65.7 65.1 68.6
74.2 73.8
71.0 70.5
68.7 68.5 67.6
65.9 76.8 76.5
73.4 75.6
79.4 77.1
75.3
73.1 74.3
73.2 72.8 71.8
50 55 60 65 70 75 80 85
1 June 8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl 666.5
662.0 657.0
635.5
609.5 610.5
602.0 605.0 587.5
572.5 570.5 569.0
520 540 560 580 600 620 640 660 680
1 June 8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug
US$/mt
Crude Palm Oil
MITI PROGRAMMES
Malaysia Aerospace Summit
14 August 2018
MITI Weekly Bulletin | www.miti.gov.my
MITI PROGRAMMES
Courtesy Calls on MITI Minister by High Commissioner/Ambassador 14 August 2018
Courtesy call on YB Darell Leiking, MITI Minister by the Canadian High Commissioner
MITI PROGRAMMES
Courtesy Visit on MITI Secretary General by InvestPerak 16 August 2018
Courtesy Call on MITI Secretary General by Ministry of
Commerce of the PRC, 20 August 2018
MITI Weekly Bulletin | www.miti.gov.my
MITI Minister accompanied the Prime Minister's Official
Visit to the People Republic of China, 19-21August 2018
Source: http://www.miti.gov.my/index.php/glossary
of Technical Terms
PCO
Preferential Certificate of OriginPD
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.Per capita GDP
A measure of the amount of money earned per person in a certain area. It can apply to the average per-person income for a city, region or country. Used to ascertain an area’s wealth or lack of wealth of the country and to evaluate the living conditions and quality of life in different areas.
Calculation : gross domestic product (GDP) number of people in the country/region/city
PIS
Priority Integration Sectors - ASEAN identified 11 priority integration sectors which have roadmap, specific sector initiatives to mutually benefit ASEAN Member States. These sectors are agro-based products, air travel, automotive, e-ASEAN, electronics, fisheries, healthcare, rubber-based products, textiles and apparels, tourism, and wood-based products.PL
Packing Loan - An exporter who receives an LC may need a temporary working capital for purchasing of raw materials, overhead expenses and other expenses. In order to meet these requirements, the exporter may apply for Packing Loan secured against the LC, generally based on a certain percentage of the value of the export. Upon realization of the proceeds of the export bill, the exporter would be able to repay this short term financing.PPP
Public Private Partnership - PPP refers to describe collaboration between the Government and private sector in projects undertaken.Pre-carriage: inland transportation on the seller’s side
Domestic : From the place where the shipment starts to any subsequent transportation carriage International : From the place where the shipment starts to the departure point on the seller’s side
Preference Erosion
Countries which have been accorded preferential market access but loses this advantage as a result of overall tariff liberalization. For example African countries granted preferential tariff by EU for tropical fruits.
MITI Weekly Bulletin | www.miti.gov.my
Announcements
Tentative Schedule for MITI Pocket Talks 2018
No. Date Venue Topic
1 17-Oct MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 14-Nov MITI Sabah
Introduction to FTA & Preferential Certificate of Origin (PCO)
3 5-Dec MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
4 12-Dec MITI Sarawak
Introduction to FTA & Preferential Certificate of Origin (PCO)
Please click here to register
Announcements
For more information, kindly click the following links:
http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_
For more information, kindly click the following links:
http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
Issuance of APEC Business Travel Card is temporarily suspended
Immigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.
Kindly refer:
http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-
notice-of-apec-card-production-suspended-time.html
MITI Weekly Bulletin | www.miti.gov.my
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