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What to expect from MITI in 2016

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MITI Weekly Bulletin / www.miti.gov.my

What to expect from MITI in 2016

Implementation matters! That’s the 2016 clarion call for the Ministry of International Trade and Industry (MITI).

This year sees us kicking off the 11th Malaysia Plan (RMK 11). This comes into effect in an increasingly challenging environment of low oil prices and global economic uncertainty, coupled with geo-political concerns. As such, the imperative for MITI has to be implementation and monitoring so that we achieve what we set out to do.

The following is a non-exhaustive MITI 2016 to-do list covering national, regional and multilateral level initiatives.

At the national level, a number of important MITI-related documents were launched to support RMK 11. These include the 2nd Aerospace Industry Blueprint 2030, the Logistics and Trade Facilitation Masterplan, the Services Sector Blueprint, the National E-commerce Council (launched in 2014), the National Export Council, the Malaysia Services Development Council (2007), and the Human Capital Council.

The newly-established National Aerospace Industry Coordination Office (NAICO) in MITI will work with industry to effectively implement the Aerospace Industry Blueprint. The focus will include investment in research and technology, human capital development, and strengthening the local supply chain.

Trade facilitation will be intensified. An important deliverable will be getting more of our exporters to use the self-certification facility under Malaysia’s bilateral free trade agreements with New Zealand, Australia, and Turkey.

Self-certification is a process, which removes the hand of government from the export process, shifting, instead, the onus on to the exporters to ensure compliance with the rules when accessing the preferences under these FTAs.

In addition, in Q1 2016 we will fully implement the e-permit system. All Approved Permits (APs) will be processed electronically. This is in line with our commitment to continuously improve our service delivery.

Trade facilitation involves not only MITI but also our counterparts in government and industry. So we will deepen our engagement with them to ensure that we make it easier, faster, and perhaps, cheaper to do business in Malaysia. In this, the Good Regulatory Practice work by the Malaysia Productivity Corporation (MPC) will be key as we must ensure that we do not have more regulation than necessary.

The MITI-led National E-commerce Council will see a higher level of coordination among regulators so that more Micro and Small and Medium Enterprises can grow their business through an enabling environment.

The monitoring of the implementation of the Services Sector Blueprint, is not just for the development of the sector but also to ensure coherence in Malaysia’s services liberalization commitments across our international agreements.

The national export drive will be better coordinated through the National Export Council, with MATRADE as its secretariat. MATRADE set up the Integrated Center for Export (ICE) in November 2015 as the go-to place for exporters and traders requiring advice, assistance and export-related information. Likewise MIDA will step up its engagement with the other investment promotion agencies in the country.

MITI’s role in human capital and talent development is to ensure that we have the talents necessary for the value-added and knowledge industries being promoted under RMK11. For example, MITI will continue to fund the Collaborative

Research in Engineering, Science and Technology (CREST) to promote industry-driven R&D to increase high value-added manufacturing activities.

In addition, MITI will work with Technical and Vocational Educational and Training (TVET) bodies and industry to ensure we have a pool of employment-ready skilled workers.

Agencies under MITI, namely, MATRADE, MIDA, SMECorp, the Halal Development Corporation (HDC), the Malaysia Automotive Institute (MAI), and the Malaysia Steel Institute (MSI) will continue their promotional and industry development work across sectors, with special focus on the Bumiputera business community.

This year will also see more engagements and outreach to ensure that businesses and the persons-on-the-street appreciate the benefits of the Transpacific Partnership Agreement (TPPA). We will also intensify work with businesses to ensure that they take advantage of the benefits under the ASEAN Economic Community (AEC) the 13 Free Trade Agreements that are already in force.

At the regional level, trade facilitation will be high on the ASEAN agenda as we work to dismantle non-tariff barriers in the region. This will involve the streamlining of Customs processes and procedures, including expanding the programme for self-certification in ASEAN. We also continue to align standards for goods and services; and expand the coverage of Mutual Recognition Agreements.

Key deliverables for ASEAN this year will be the ASEAN-Hong Kong Free Trade Agreement and the substantial conclusion of negotiations to establish the Regional Comprehensive Economic Partnership (RCEP). RCEP will see the deepening of regional economic integration between ASEAN and her six dialogue partners, namely, Australia, China, India, Japan, Korea and New Zealand.

At the multilateral level, MITI must ensure that we are ready to implement the second phase of the WTO Information Technology Agreement (ITA2) when it comes into effect on 1 July 2016. This agreement will see the staged elimination of tariffs for a range of electronics and electrical products. MITI will engage the relevant industry associations to ensure that their members take full advantage of this multilateral liberalization initiative.

From 1-2 June this year Malaysia takes the global centre stage as we host the World Economic Forum East Asia Summit. This is an opportunity to showcase our successes and potential even as we hear from global business leaders.

To be sure, we are in for another busy year and we look forward to working with our friends from the public and private sectors as well as civil society.

Rebecca Fatima Sta Maria, Secretary-General,

Ministry of International Trade and Industry

“DRIVING Transformation, POWERING Growth”

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Inflation Rate (%), Jan 2014 - Nov 2015

Year on Year change of Consumer Price Index

Source : Department of Statistics Malaysia

MITI Weekly Bulletin / www.miti.gov.my

2014 2015

Consumer Price Index (CPI) by Major Categories, Nov 2015

Note :

% change year-on-year

The Consumer Price Index (CPI) measures the percentage change through time in the cost of purchasing a constant “basket” of goods and services representing the average pattern of purchases made by a particular population group in a specified time period.

MALAYSIA

“DRIVING Transformation, POWERING Growth”

3.4 2.6

0.0 1.0 2.0 3.0 4.0

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

%

120.7 ( 4.1%)

Food And Non-Alcoholic Beverages

Communication

100.6 ( 3.4%)

Recreation Services and Culture

107.6( 2.6%)

Education

112.8 ( 2.5%)

Health

116.2 ( 4.4%)

Transport

110.4 ( 5.2%)

Housing, Water, Electricity, Gas and Other Fuels

98.9 ( 0.6%)

Clothing and Footwear

112.9 ( 2.5%)

(3)

MITI Weekly Bulletin / www.miti.gov.my

“DRIVING Transformation, POWERING Growth”

Labour Market in Malaysia, Sept 2015

Working Age Population*(000)

21,126.7

Labour Force (‘000) 14,341.6

Outside Labour Force**(‘000) +

6,785.1

Note:

* Age between 15 to 64 years

** All persons not classified as employed or unemployed such as housewives, students (including those going for further studies), retired, disabled persons and those not interested in looking for job

Labour Force (‘000) 14,341.6

Unemployed (‘000) 460.6

Employed (‘000) 13,881.0

Labour Force

Participation Rate (LFPR) (%) 67.9

Unemployment rate (%) 3.2

Note:

Labour force participation rate is defined as the ratio of the labour force to the working age population (15 to 64 years), expressed as percentage.

Unemployment rate is the proportion of unemployed population to the total population in labour force.

Source : Department of Statistics , Malaysia

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and You’

Source: http://www.weforum.org/reports/travel-tourism-competitiveness-report-2015

“DRIVING Transformation, POWERING Growth”

ASEAN Travel & Tourism Competitiveness Index 2015

Ranking Country Value

Singapore 4.86

Malaysia 4.41

Thailand 4.26

Indonesia 4.04

Viet Nam 3.60

Lao PDR 3.33

Cambodia 3.24

Myanmar 2.70

Philippines 3.63

The Travel and Tourism Competitiveness Index (TTCI) is produced by the World Economic Forum (WEF) and measures the factors and policies that make a country a viable place to invest within the Travel and Tourism sector.

The TTCI provides a means to measure a country’s performance, and utilizes three sub-indices and their component parts to represent the overall quality, future potential and long-term sustainability of the tourism sector within each country assessed.

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U.S. Economic Indicators November 2015

International Report

“DRIVING Transformation, POWERING Growth”

Source: Bureau of Economic Analysis

Inflation Rate (%)

0.50

Consumer Price Index

237.3

Unemployment Rate (%)

5.0

2.7 1.9 0.5 0.1 1.9 1.1 3.0 3.8 -0.9 4.6 4.3 2.1 0.6 3.9 2.0

-1.0 0.0 1.0 2.0 3.0 4.0 5.0

I II III IV I II III IV I II III IV I II III

2012 2013 2014 2015

Quarter to Quarter Growth in Real GDP

China Purchasing Managers' Index

50.3

49.6 53.9

53.6

48 50 52 54 56

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

MANUFACTURING NON-MANUFACTURING

2014 2015

Index

Source: http://www.statista.com/statistics/271770/purchasing-managers-index-pmi-in-china/

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Öresund Bridge

Characteristics

Design : Cable-stayed bridge Total length : 7,845 metres (25,738 ft) Width : 23.5 metres (77.1 ft) Longest span : 490 metres (1,608 ft) Clearance below: 57 metres (187 ft)

TheÖresund Bridge is a double-track railway and motorway bridge across the Øresund Straits between Scania (southernmost Sweden) and Denmark. The bridge runs nearly 8 kilometres (5 miles) from the Swedish coast to the artificial island of Peberholm, which lies in the middle of the Straits. The crossing of the Straits is completed by a 4 km (2.5-mile) underwater tunnel, called the Drogden Tunnel, from Peberholm to the Danish island of Amager.

The term Øresund Bridge often includes this tunnel.

MITI Weekly Bulletin / www.miti.gov.my

“DRIVING Transformation, POWERING Growth”

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Source: Ministry of International Trade and Industry, Malaysia 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) 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)

MTFTA: Malaysia-Turkey Free Trade Agreement (Implemented since 1 August 2015)

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

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

8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec

AANZFTA 21 102 126 95 85 483 58 67

AIFTA 183 91 130 155 138 170 154 83

AJCEP 76 64 89 66 84 57 94 29

0 100 200 300 400 500 600

RM million

8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec

ATIGA 1,260 602 840 915 902 809 786 604

ACFTA 1,047 873 653 792 896 483 625 553

AKFTA 176 778 176 383 345 909 138 95

0 200 400 600 800 1,000 1,200 1,400

RM million

8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec

MICECA 49.83 27.64 42.75 44.69 49.06 31.11 26.04 615.68

MNZFTA 0.30 0.19 0.02 0.23 0.11 0.70 0.02 0.19

MCFTA 9.09 4.27 5.55 12.11 5.72 7.77 5.45 4.87

MAFTA 58.75 68.08 47.18 63.78 37.50 36.28 25.58 32.00

-100 0 100 200 300 400 500 600 700

RM million

8 Nov 2015 15 Nov 2015 22 Nov 2015 29 Nov 2015 6 Dec 2015 13 Dec 2015 20 Dec 2015 27 Dec 2015

AANZFTA 204 859 1,013 870 683 863 518 516

AIFTA 688 477 652 593 656 732 649 411

AJCEP 238 165 185 175 169 178 205 72

ATIGA 4,986 3,461 4,675 4,591 4,552 4,782 3,995 2,891

ACFTA 1,607 1,218 1,319 1,611 1,659 1,673 1,541 989

AKFTA 806 642 878 875 935 770 772 573

MICECA 306 213 316 252 302 280 239 224

MNZFTA 14 10 2 9 8 18 1 2

MCFTA 76 30 58 69 34 60 39 16

MAFTA 603 287 529 466 424 449 281 294

MJEPA 909 720 860 873 875 674 647 528

MPCEPA 175 130 116 119 122 197 169 106

GSP 150 77 169 81 93 166 104 94

MTFTA 223 124 162 208 222 174 163 120

8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec

MJEPA 148 113 154 151 135 131 107 73

MPCEPA 38 17 23 15 16 66 32 711

GSP 27 22 29 15 22 30 18 19

MTFTA 100 121 86 139 158 82 46 31

100 0 100 200 300 400 500 600 700 800

RM million

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)

Number of Certificates (Provisional data)

“DRIVING Transformation, POWERING Growth”

Notes: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

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Malaysian Ringgit Exchange Rate with US Dollar and Chinese Yuan

Source : Bank Negara, Malaysia

“DRIVING Transformation, POWERING Growth”

0.50 0.52 0.54 0.56 0.58 0.60 0.62 0.64 0.66 0.68 0.70

3.00 3.20 3.40 3.60 3.80 4.00 4.20 4.40

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

2014 2015

USD = RM CNY = RM

CNY = RM 0.66

USD = RM 4.28

14.6

13.9 13.0

13.5 14.0 14.5 15.0 15.5 16.0 16.5

28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/Oz Silver

1,018.0

888.0

800.0 850.0 900.0 950.0 1,000.0 1,050.0

28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/Oz Platinum

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

http://online.wsj.com/mdc/public/page/2_3023-cashprices.html?mod=topnav_2_3023

Gold Prices, 28 August - 31 December 2015

Silver and Platinum Prices, 28 August - 31 December 2015

36.5

34.1 33.0

34.0 35.0 36.0 37.0 38.0 39.0

28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/Gram Gold

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Commodity

Crude Petroleum

(Brent) (per bbl)

Crude Palm Oil (per MT)

Sugar (per lbs.)

Rubber SMR 20 (per MT)

Cocoa SMC 2 (per MT)

(per MT)Coal

Scrap Iron (per MT)HMS

31 Dec 2015

(US$) 37.3 572.5 15.2 1,133.5 2,009.3 47.5 200 (high)

170 (low)

% change* 1.6 1.1 0.3 1.6 0.9 unchanged 5.3

unchanged

2014i 59.5 - 114.8 823.3 352.3 1,718.3 2,615.8 59.8 370.0

2013i 99.7 - 118.9 805.5 361.6 2,390.8 1,933.1 .. 485.6

“DRIVING Transformation, POWERING Growth”

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 n.a Not availble

Sources: 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.

Highest and Lowest Prices, 2014/2015

Lowest (US$ per bbl) Highest

(US$ per bbl)

Crude Petroleum (31 Dec 2015) US$37.3 per bbl

06 June 2014: 108.612014 2014

26 Dec 2014: 59.5 15 May 2015: 66.82015 2015

18 Dec 2015: 36.9

Lowest (US$ per MT) Highest

(US$ per MT)

Crude Palm Oil (31 Dec 2015) US$572.5 per MT

14 Mar 2014: 982.52014 2014

26 Dec 2014: 664.0 16 Jan 2015: 701.02015 2015

4 Sep 2015: 500.5

Steel Bars

(per MT) RM1,450 - RM1,550

Average Domestic Prices, 31 Dec 2015

Billets

(per MT) RM1,150 - RM1,200

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

Commodity Price Trends

“DRIVING Transformation, POWERING Growth”

586.0 580.0

566.5

558.5 565.0

543.5 543.0 552.5

561.5 560.0 554.0

572.5

510 520 530 540 550 560 570 580 590

16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/mt

Crude Palm Oil

2,034.5 2,030.2

2,084.1 2,064.3

2,052.5 2,058.6

2,056.7

2,020.2 2,052.6

2,040.8

1,987.8 2,006.1

2,009.3

1,850 1,900 1,950 2,000 2,050 2,100 2,150

9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/mt

Cocoa

14.3 14.3

14.5 14.5 15.0

15.3 15.0

15.5

14.6

15.1 15.1 15.2

12.0 12.5 13.0 13.5 14.0 14.5 15.0 15.5 16.0

16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/lbs

Sugar

1,280.5 1,262.5

1,231.5

1,172.5 1,197.0

1,183.5

1,158.0

1,176.0 1,174.5 1,157.5

1,176.5

1,133.5

1,100 1,120 1,140 1,160 1,180 1,200 1,220 1,240 1,260 1,280 1,300

16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/mt

Rubber SMR 20

5,740 5,779 5,843

6,245 6,469

6,515 6,864

7,822 7,707

7,967 7,894

7,806

7,591 7,286 7,267

7,853

7,148 7,063 7,296

6,742 6,940 7,029

6,963 7,008

5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500

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

2014 2015

USD/ tonne

Black Pepper

* until 31 December 2015

49.6

47.3

44.6 46.6

44.3

40.7 40.4 41.7

40.0

35.6 34.7

38.1

37.0 52.7

50.5

48.0 49.6

47.4

43.6

44.7 44.9 43.0

37.9 36.9

37.9 37.3

32 34 36 38 40 42 44 46 48 50 52 54

9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/bbl

Crude Petroleum

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

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

Commodity Price Trends

“DRIVING Transformation, POWERING Growth”

1,727

1,695 1,705 1,811

1,751 1,839 1,948

2,030

1,990 1,946

2,056

1,909

1,815 1,818

1,774 1,819

1,804

1,688 1,640

1,548 1,590

1,516 1,468 1,400

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

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

2014 2015

US$/ tonne

Aluminium

14,101 14,204 15,678

17,374 19,401

18,629 19,118

18,600 18,035

15,812 15,807 15,962

14,849 14,574

13,756 12,831

13,511 12,825

11,413 10,386

9,938 10,317

9,244 8,000

10,000 12,000 14,000 16,000 18,000 20,000

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

2014 2015

US$/ tonne

Nickel

250.0 250.0 240.0

230.0 230.0

210.0

195.0

190.0 190.0 190.0 190.0 200.0 230.0 230.0

220.0

210.0 210.0

195.0

175.0

170.0 170.0 170.0 170.0 170.0 160

170 180 190 200 210 220 230 240 250 260

7 Aug 14 Aug 28 Aug 11 Sep 25 Sep 9 Oct 30 Oct 6 Nov 20 Nov 27 Nov 18 Dec 31 Dec

US$/mt

Scrap Iron

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

7,291 7,149

6,650 6,674 6,891

6,821 7,113

7,002 6,872

6,737 6,713

6,446

5,831 5,729

5,940 6,042 6,295

5,833

5,457

5,127 5,217 5,216

4,800 4,700

4,900 5,100 5,300 5,500 5,700 5,900 6,100 6,300 6,500 6,700 6,900 7,100 7,300 7,500

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

2014 2015

US$/ tonne

Copper

46.4 46.2

46.4

46.2 46.3

46.0

46.6 46.5 47.4

47.5 47.5 47.5

45.5 46.0 46.5 47.0 47.5 48.0

16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec

US$/mt

Coal

128.1 121.4

111.8 114.6

100.6

92.7 96.192.6

82.4 81.0

74.0

68.0 68.0

63.0 58.0

52.0 60.063.0

52.0 56.0 57.0

53.0 40.0 47.0

50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0 140.0

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

2014 2015

US$/dmtu

Iron Ore

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“DRIVING Transformation, POWERING Growth”

As a new mother back in 2008, Puan Siti Nur Suraya Mohamed Ali was concerned when her newborn began suffering from rashes in the rear area. She tried different brands of diapers before she found a brand that was suitable for her child, which cost RM2 per diaper.

“I was earning about RM1,500 as a fresh graduate so RM300 is big money to spend on diapers monthly,” she laments. Aside from monetary challenges, Puan Suraya’s primary concern was to prevent the recurrence of rashes. Through research, she learned that it was the chemical composition of the diapers that caused the rashes. She also came across a new type of diaper that was gaining popularity in the United States and the United Kingdom, the cloth diapers. “I thought other mothers would be interested in them as well so I ordered 500 pieces to start with and began marketing them to friends on my blog. At RM50 a piece and lasting for six years, the cloth diaper is not only a huge savings, it is also environmentally friendly as disposable diapers take 500 years to degrade. Aside from industrial waste, they are the biggest contributors of waste in our landfills and we are running out of space,” says Puan Suraya.

The cloth diaper is the pioneer product under the Lunatots brand, which began as an online business. However, these days customers are more likely to visit one of its brick-and-mortar stores to purchase the brand’s range of products. What sets Lunatots apart from other boutiques that sell baby products is its focus on natural parenting which emphasises the importance of bonding between parent and child. This is exemplified in a product called Baby Wearing. “Strollers are actually scary for a baby because we are pushing them forward and facing strangers. With Baby Wearing, parents carry their child through a harness attached to their chest. This solidifies the bond between the baby and the mother as the baby can feel the mother’s heart beating while facing her and it is easier for mothers to see if their child is sleeping, breathing properly or needs more milk,” she explains.

The company also offers a range of home-grown products under the Milk Story brand. The products under this range, which come in the form of beverage, oat cookies and chocolate bar, among others, are also known as milk boosters as they help stimulate the production of milk in breastfeeding mothers. Aside from diversifying its product range, Lunatots has also expanded its physical presence and currently has nine retail outlets; five of them are licensed while the other four are run by the company itself.

Some of the initial challenges of running the business include cash flow problems but Puan Suraya says she was able to overcome this by obtaining a RM50,000 loan from PUNB. Now that the company has overcome the major hurdle of the first three years, that is to survive, its founder says their focus now is on sustainability. The strategy will be to increase distribution channels, enhance training at all levels of personnel from management to operational staff and improve customers’ satisfaction. “All these will be geared towards achieving our vision of making Lunatots a place where we can share the beauty and joy of parenting,” she concluded.

SUCCESS STORY

BOOMING BABY BUSINESS

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MITI Weekly Bulletin / www.miti.gov.my

“DRIVING Transformation, POWERING Growth”

Media Release

DASAR BAHARU AP TERBUKA

Kerajaan telah melaksanakan kajian menyeluruh mengenai dasar AP Terbuka kenderaan import terpakai. Skop kajian meliputi analisis kesan, sumbangan dan implikasi AP Terbuka kepada pembangunan industri automotif, sosio-ekonomi negara dan dasar-dasar Kerajaan yang berkaitan. Kajian tersebut dengan penglibatan syarikat perunding, telah dijalankan selama 6 bulan dan mengambil kira semua pandangan daripada pelbagai pihak termasuk pemain-pemain industri, persatuan pengguna, beberapa NGO dan ahli-ahli politik. Kajian tersebut mencadangkan supaya dasar AP Terbuka diteruskan.

Pasukan kajian berpendapat bahawa dasar AP Terbuka memberi pilihan kepada orang ramai untuk membeli kereta import terpakai pada harga yang kompetitif. Pasukan kajian juga mendapati industri pengedaran dan pengimportan kereta import terpakai memberi sumbangan yang signifikan kepada industri automotif dan pembangunan sosio-ekonomi negara. Antaranya ialah sumbangan kepada perniagaan industri sokongan dan sektor perkhidmatan seperti bank, insurans, perkapalan dan logistik yang dianggarkan berjumlah RM450 juta setahun.

Perniagaan pengimportan dan pengedaran kereta import terpakai juga telah menyediakan peluang pekerjaan yang berpendapatan sederhana dan tinggi secara langsung kepada 3,800 orang.

Kerajaan juga melalui dasar ini dapat memperolehi hasil yang dianggarkan sebanyak RM2 bilion setahun menerusi kutipan cukai dan fi. Kajian juga mendapati dasar ini telah menyumbang sebanyak 5 peratus daripada 36 peratus ekuiti Bumiputera dalam sektor automotif.

Kerajaan telah menimbang kajian ini dan setelah mengambilkira pandangan pelbagai pihak, bersetuju untuk meneruskan dasar AP Terbuka tetapi dengan beberapa penambahbaikan. Keputusan ini dibuat bagi membolehkan orang ramai terus berpeluang membeli kereta import mewah dan sederhana mewah terpakai dengan harga yang kompetitif. Sekiranya dasar ini dimansuhkan tiada lagi import kereta terpakai dibenarkan ke dalam negara dan ini akan menafikan peluang orang ramai untuk membeli kereta import terpakai. Peratusan penyertaan ekuiti Bumiputera dalam sektor automotif juga akan menurun kepada 31 peratus.

Antara penambahbaikan yang akan dilaksanakan ialah memberi peluang kepada syarikat-syarikat Bumiputera baharu yang layak dan benar-benar mematuhi garis panduan yang ditetapkan untuk turut serta dalam perniagaan ini. Dasar baharu ini juga akan mengambil kira komitmen negara di peringkat antarabangsa. Selain itu, Kerajaan juga akan melaksanakan satu program yang bersesuaian dengan menggunakan sebahagian dari hasil kutipan fi AP Terbuka bagi membolehkan orang ramai mendapat manfaat secara langsung daripada dasar baharu ini. Maklumat terperinci mengenai program ini akan diumumkan kemudian.

Selaras dengan penambahbaikan ini, juru audit bertauliah bebas akan dilantik untuk menjalankan pengauditan ke atas semua syarikat yang menjalankan perniagaan ini. Ini bagi memastikan syarikat- syarikat berkenaan mematuhi semua garis panduan dasar baharu AP Terbuka. Kerajaan akan tegas dalam melaksanakan audit tersebut. Dasar baharu AP Terbuka dengan penambahbaikan ini akan berkuatkuasa mulai 1 Januari 2017 bagi membolehkan syarikat-syarikat sedia ada mematuhi syarat- syarat yang ditetapkan.

Kementerian Perdagangan Antarabangsa dan Industri

23 Disember 2015

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Source: http://www.kelantan.gov.my/index.php/ms/kelantan/tahun-melawat-kelantan-2016

“DRIVING Transformation, POWERING Growth”

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“DRIVING Transformation, POWERING Growth”

MITI Weekly Bulletin / www.miti.gov.my

Source: http://www.kelantan.gov.my/index.php/ms/kelantan/tahun-melawat-kelantan-2016

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MITI Weekly Bulletin / www.miti.gov.my

“DRIVING Transformation, POWERING Growth”

MWB Editorial Board and Strategic Planning Division, Ministry of International Trade and Industry wishes

all MWB Readers a Happy New Year 2016.

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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/index.php/forms/form/13

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All the information, views and expectations and fair values or target prices contained in this report have been compiled or arrived at by Al-Jazira Capital from sources believed to be

All the information, views and expectations and fair values or target prices contained in this report have been compiled or arrived at by Al-Jazira Capital from sources believed to be