beijing-kl relationship at its best ever, says xi jinping weekly...international report egypt...

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Beijing-KL Relationship at Its Best Ever, Says Xi JinpingBEIJING • Malaysian Prime Minister Najib Razak described China’s One Belt, One Road (OBOR) initiative - its new Silk Road - as a game changer, in a meeting with Chinese President Xi Jinping on 13 May 2017.

In response, Mr Xi lauded Malaysia as an early supporter of the project, asserting that it has become one of the countries that would benefit the most from OBOR, reported Xinhua.

Mr Xi said the China-Malaysia relationship is currently at its best ever and China will advance the comprehensive strategic partnership with Malaysia to further improve bilateral ties.

“I agree with you (President Xi) that Malaysia and China are not only neighbours but are trusted friends,” Mr Najib said, asserting that while ties between Malaysia and China were at the highest level, there was scope to further deepen and enhance cooperation. Later in the day, Mr Najib met Chinese Premier Li Keqiang for a bilateral meeting, where the two countries signed several memorandums of understanding. Under one agreement, Malaysia’s Transport Ministry was to work with China to develop infrastructure such as railways, ports and airports.

The two nations also agreed to cooperate on the mutual recognition of standards and information sharing, encourage the utilisation of local supply chains and facilitate cross-border e-commerce. China also committed to importing goods worth US$2 trillion over the next five years, invest up to US$150 billion in Malaysia and offer 10,000 places for training and studies in China.

Separately, Chinese companies signed an MOU with Malaysian firms to carry out the second phase of the East Coast Rail Link from Gombak to Port Klang, as well as connect a multi-products gas and petroleum pipeline commencing from Malacca to a refinery under construction in Pengerang, Johor. In an article published in the South China Morning Post last Friday, Mr Najib said he makes no apology for wanting to build world-class infrastructure for Malaysia with Chinese investment, despite opposition politicians’ accusation that he was selling the country’s sovereignty. In his article, entitled, “Why Malaysia supports China’s Belt and Road”, Mr Najib stressed that such projects were “win-win” for both nations, reported Bernama.

Mr Najib yesterday also officially declared Malaysia’s willingness to consider China’s Dalian Wanda Group as the new master developer for its Bandar Malaysia project, less than two weeks after scrapping an earlier agreement with a consortium of Malaysia’s Iskandar Waterfront Holdings and China Railway Engineering Corp.

“I hope there can be a favourable outcome based on mutually accepted terms,” he said at a press conference with Dalian Wanda Group founder Wang Jianlin.

Mr Najib is on a five-day working visit to China, where he is expected to attend the Belt and Road Forum for International Cooperation on 13 and 14 May 2017.

http://www.straitstimes.com/asia/east-asia/beijing-kl-relationship-at-its-best-ever-says-xi, 14 May 2017


MITI Weekly Bulletin | www.miti.gov.my



One Belt, One Road

Malaysia-China sign Nine MoUs

1 Robotic Future City in Johor : US$3.45 billion (RM15b)

2 Methanol and Derivatives Complex in Sarawak : US$2 billion (RM8.7b)

3 Tropical Fruits Export : US$1.53 billion (RM6.63b)

4 Commercial Hub in Sabah : US$132.58 million (RM576m)

5 Melaka Gateway

Investment MoU into Malaysia:

Cooperation and Collaboration MoU:Innovation Cluster in China-Malaysia Qinzhou Industrial Park1

Bursa Malaysia and Shanghai Stock Exchange2

Northport sister port with Weifang in Shandong3

Investment MoU into China:Low-cost carrier terminal in Zhengzhou

Source: Ministry of International Trade and Industry



Malaysia and Lao PDR Set to Foster Closer Bilateral Ties

Strong turnout of 400 was recorded at the Malaysia-Lao PDR Business Forum held at MATRADE hall today indicating a strong interest by Malaysian business community to do business with Lao PDR. The forum was officiated by H.E. Dr. Thongloun Sisoulith, the Prime Minister of Lao PDR., H.E. Mrs. Khemmani Pholsena the Minister of Industry and Commerce was also present as well as a number of other Lao PDR Ministers.

Malaysia’s trade with Lao PDR is currently on the way upward trend. In 2016, our total trade has grown by 76% to USD30.9 million from 2015. Moving forward, among key areas in which we are targeting to boost our exports to Lao PDR are building materials, machinery tools, consumer products and medical disposable products.

Minister of International Trade and Industry, YB Dato’ Sri Mustapa Mohamed said, “Both Malaysia and Lao PDR are currently undergoing economic liberalization initiatives at the national and regional level. We need to continuously promote strategic partnership between Malaysian and Laotian companies by leveraging on our economic complementarities. Our countries are working closely with the rest of ASEAN member states to promote closer economic integration and boost intra-ASEAN trade as well as investment”.

On the investment front, in the period of 2011-2015, Malaysia has invested USD570 million in Lao PDR. We are currently the fourth largest foreign investor in their country. Malaysia’s presence in Lao PDR continues to grow from strength to strength over the last 10 years. To date, there are over 25 Malaysian companies which are actively operating in the country, in key areas such as hydropower, mining, development of specific economic zones, and infrastructure projects, especially railway. YAB Prime Minister Dato’ Sri Najib Razak met with the representatives of Malaysian companies in Lao PDR on 6 September 2016 during the ASEAN Summit. The companies informed YAB Prime Minister that they are happy with the business conditions in Lao PDR.

Out of 12 Specific Economic Zones (SEZs) established or being planned by Lao PDR, it should be noted that three of them are being developed by Malaysian companies. The most notable one is the Savan Park – a joint venture development between the Lao Government and Savan Pacifica Development. There are currently 55 licensed investors from various countries (5 of them from Malaysia) operating in Savan Park with the investment value of USD132 million. It is currently in the fourth and last phase of its development.

In the area of banking, out of 34 banks operating in Lao PDR, four of them are Malaysian banks namely Public Bank, Maybank, CIMB Thai and RHB Bank. Public Bank is among the oldest banks established in Lao PDR and it is currently ranked 10th in term of total assets.

Dato’ Sri Mustapa added, “Lao PDR is among the countries in ASEAN forecast to grow beyond 7% per annum over the next few years, which speaks volumes about the huge potential that this resource-rich country could bring. Malaysian companies should continue to play an active role in the economic and social development of Lao PDR”.

Ministry of International Trade and Industry9 May 2017



Manufacturing Sector PerforMance, Q1 2017

Source: Department of Statistics, Malaysia

Malaysia

ExportsImports

SalesEmploymentManufacturing Index

Q1 2017Q1 2016

RM151.9b

Y-o-Y Change

RM141.5b

RM164.7b

1,024,175

128.2

RM181.5b

RM176.5b

RM186.5b

1,046,040

135.5

19.5%

24.7%

13.3%

2.1%

5.7%


Major exPortS Major iMPortSE&E ProductsRM78.8b18.4%

Petroleum ProductsRM17.9b

61.0%

Chemicals & Chemical ProductsRM17.0b24.2%

Machinery, Equipment & PartsRM10.2b

3.6%

Manufactures of Metal RM8.7b0.6%

E&E ProductsRM58.9b17.2%

Petroleum ProductsRM18.3b

68.3%

Chemicals & Chemical ProductsRM19.3b19.4%

Machinery, Equipment & PartsRM19.6b

34.2%

Transport EquipmentRMb11.941.5%

Note: % refers to year-on-year change



Source: Department of Statistics, MalaysiaNotes: * y-o-y percentage change

# Share to total exports/imports of sector

SaleS (rM billion)

eMPloyMent (PerSonS)

Manufacturing index (2010=100)

167.7

158.0

168.8169.8

164.7

160.0

167.2

181.3

186.5

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015 2016 2017

1,029,

352

1,024,

200

1,027,

154

1,027,

044

1,024,

175

1,022,

882

1,028,

739

1,032,

897

1,046,

040

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015 2016 2017

123.0

128.4130.4

133.9

128.2

133.4135.5

140.5

135.5

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2015 2016 2017



International Report

Egypt Economic Performance 2016

Source: IMF, Worldatlas and WTO

GDP (Current Prices) US$332.3 billion

Inflation Rate 10.2%

Unemployment Rate12.7%

Land Area 1,001,450 km2

Population 90.2 million

ExportsUS$25.5 billion

Rank: 61

ImportsUS$55.8 billion

Rank: 45

Total TradeUS$81.3 billion

Rank: 49

Malaysia’s Trade with Egypt, January 2015 - March 2017


16

8.3

15

4.0

26

0.1

23

4.7

19

7.4

22

7.4

12

7.7

16

7.7

15

3.6

17

8.4

15

3.1

20

6.0

15

4.6

18

9.7

17

2.8

18

7.1

15

9.6

13

0.9

18

0.3

14

8.8

18

0.2

16

4.9

15

3.7

25

4.1

13

8.8

24

2.5

18

1.3

18

.0

19

4.2

16

8.7

30

.2

20

.8

26

.8

29

0.3

25

.8

11

8.2

23

.3

16

.8

22

.9

36

.4

40

.5

32

.7

31

.5

30

.8

10

2.3

68

.2

24

.7

19

.2

17

.2

20

.1

81

.8

40

.6

47

.0

38

.5

186.2

348.3

428.7

264.9

218.3254.2

418.0

193.5

271.8

201.7169.9

228.9191.0

230.2205.6218.5

190.4

233.2248.4

173.5199.4

182.1173.8

335.8

179.4

289.5

219.9

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

2015 2016 2017

RM millionExports Imports Total Trade

Major Exports Major Imports

Animal or vegetable fats and oils (HS15)RM241.4m (Q1 2017) RM148.5m (Q1 2016)

Machinery appliances (HS84)RM103.3m (Q1 2017) RM103.3m (Q1 2016)

Rubber and articles thereof (HS40)RM34.1 (Q1 2017) RM24.9m (Q1 2016)

Edible fruit and nuts (HS08)RM64.7m (Q1 2017) RM43.9m (Q1 2016)

Salt; sulphur; earths & stone, lime cement (HS25)RM17.4m (Q1 2017) RM41.2m (Q1 2016)

Glass and glassware (HS70)RM34.1 (Q1 2017) RM24.9m (Q1 2016)



Number and Value of Preferential Certificates of Origin (PCOs)

Source: Ministry of International Trade and Industry, Malaysia

-

100

200

300

400

500

600

700

-

50

100

150

200

250

300

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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.

-

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

9,000Ja

n

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


-

200

400

600

800

1,000

1,200

-

100

200

300

400

500

600

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


-

500

1,000

1,500

2,000

2,500

3,000

3,500

-

100

200

300

400

500

600

700

800

900

1,000

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

-

100

200

300

400

500

600

700

800

900

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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




Number and Value of Preferential Certificates of Origin (PCOs)

Source: Ministry of International Trade and Industry, Malaysia

-

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

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


-

100

200

300

400

500

600

700

800

900

-

50

100

150

200

250

300

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


-

50

100

150

200

250

300

350

400

-

20

40

60

80

100

120

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-China 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

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

-

50

100

150

200

250

300

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


-

200

400

600

800

1,000

1,200

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

2016 2017

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)




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

US Dollar Hong Kong Dollar

Source : Bank Negara, Malaysia

Philippine Peso

Vietnamese Dong

Indonesian Rupiah

Indian Rupee

4.34814.4072

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

2016 2017

RM

USD 1 = RM

9.1465

8.8468

8.00

8.20

8.40

8.60

8.80

9.00

9.20

9.40


2016 2017

RM

PHP 100 = RM

0.0194 0.0194

0.015

0.016

0.017

0.018

0.019

0.020


2016 2017

RM

VND 100 = RM

55.892756.6913

46.00

48.00

50.00

52.00

54.00

56.00

58.00

60.00


2016 2017RM

HKD 100 = RM

0.0313

0.0331

0.020

0.022

0.024

0.026

0.028

0.030

0.032

0.034

0.036


2016 2017

RM

IDR 100 = RM

6.4609

6.8277

5.20

5.40

5.60

5.80

6.00

6.20

6.40

6.60

6.80

7.00


2016 2017

RM

INR 100 = RM



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.

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-

12 May 2017 : US$50.8, 3.5%*

Average Pricei : 2016: US$45.3 2015: US$53.6

CRUDE PALM OIL-per MT-

12 May 2017 : US$711.5, 3.3%*Average Pricei : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20-per MT-

12 May 2017 : US$1,487.5, 0.0%*

Average Pricei : 2016: US$1.394.5 2015: US$1.364.3

COAL -per MT-12 May 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9

COCOA SMC 2-per MT-

12 May 2017 : US$1,368.4, 7.9%*

Average Pricei : 2016: US$1,609.8 2015: US$2,077.0

SCRAP IRON HMS-per MT-

12 May 2017 : US$280.0 (high), unchanged US$270.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6

HIGHEST and LOWEST 2016/2017

Highest 6 Jan 2017 : US$57.1 30 Dec 2016 : US$56.8

Lowest

5 May 2017 : US$49.1

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 28 Apr 2017 : US$673.0

Crude Palm Oil -per MT-

Domestic Prices12 May 2017

Steel Bars(per MT)

RM2,000 – RM2,150

Billets(per MT)

RM1,850 – RM1,950

SUGAR -per lbs-12 May 2017 : US¢ 15.5, 1.3%*

Average Pricei : 2016: US¢18.2 2015: US¢13.2



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.

779.5

740.5746.0

739.0746.0

725.0

691.0 693.0

715.0

673.0

688.8

711.5

600

620

640

660

680

700

720

740

760

780

800

24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May

US$

/mt

Crude Palm Oil

1,502.9

1,473.2

1,380.31,385.3

1,474.6

1,568.8

1,491.0

1,532.4

1,424.2

1,262.8

1,299.6

1,268.3

1,368.4

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

17 Feb 24 Feb 3 Mar 10 Mar17 Mar24 Mar31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May

US$

/mt

Cocoa

19.819.5

18.018.2

17.7

16.8 16.816.6 16.5

16.1

15.315.5

14.0

15.0

16.0

17.0

18.0

19.0

20.0

21.0


US¢

/lbs

Sugar

2,059.5

2,108.5

2,010.02,033.5

1,902.0

1,834.5

1,756.0

1,627.51,598.5 1,589.0

1,487.5

1,487.5

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200


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

4,559

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

/ to

nne

Black Pepper

* until 12 May 2017




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.

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

1,400

1,500

1,600

1,700

1,800

1,900

2,000


2016 2017

US$

/ to

nn

e

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

4,000

4,500

5,000

5,500

6,000

6,500


2016 2017

US$

/ to

nn

e

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

7,000

7,500

8,000

8,500

9,000

9,500

10,000

10,500

11,000

11,500


2016 2017

US$

/ to

nn

e

Nickel

54.053.3

48.5 48.848.0

50.6

52.2

53.2

49.6 49.3

46.2

47.8

56.0 55.9

51.451.8

50.8

52.8

55.255.9

52.0 51.7

49.1

50.8

40

42

44

46

48

50

52

54

56

58


US$

/bb

l

Crude Petroleum

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




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

1,029.0

989.0

944.0

954.0

967.0

942.0

969.0977.0

981.0

948.0

911.0

925.0

840.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0


US$

/oz

Platinum

320.0

310.0 310.0

320.0

330.0 330.0

300.0 300.0

295.0

290.0

280.0 280.0290.0 290.0 290.0

310.0 310.0 310.0

290.0 290.0

275.0

280.0

270.0 270.0

250

260

270

280

290

300

310

320

330

340

17 Feb 26 Feb 3 Mar 13 Mar 17 Mar 24 Mar 31 Mar 14 Apr 21 Apr 28 Apr 5 May 12 May

US$

/mt

Scrap Iron

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

41.88

46.83

56.20

60.92

55.1351.98

57.26

60.8957.79 59.09

73.10

80.02

80.41

89.4487.65

70.22

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0


2016 2017

US$

/dm

tu

Iron Ore

18.4

17.8

17.1

17.3

17.6

18.218.4

18.6

17.9

17.3

16.316.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0


US$

/oz

Silver

40.3

39.4

38.7

39.5

40.1 40.0

40.7

41.3 41.2

40.7

39.5 39.6

37.0

37.5

38.0

38.5

39.0

39.5

40.0

40.5

41.0

41.5

42.0


US$

/oz

Gold



iM4U Programme on Spinal Muscular Atrophy (SMA) ‘A Journey of Hope – Now and the Future’

MITI Perdana Hall, 9 May 2017

MITI PROGRAMMEMITI PROGRAMME



MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEWorking Visit to Hangzhou, China on 12 May 2017



MITI PROGRAMMEMITI PROGRAMMEVisit from Universiti Malaysia Kelantan (UMK),

12 May 2017



MITI PROGRAMMEMITI PROGRAMMESports @ MITI,

4 March - 13 May 2017



MITI @ Your Service

Fazilah HamidPrincipal Assistant Accountant

Account DivisionEmail: [email protected]

Rahmat Murdeni Ali Umar Assistant Accountant

Syaheed Shaharani Daud Shahrani

Assistant Accountant

Norhayati Mad Isa Assistant Accountant

Nur Sayyidah YahyaAssistant Accountant

Nur Hidayah Md AminAdministrative Assistant

Jamaiyah Abu BakarAccount Assistant

Anita DavidSenior Assistant Accountant

Mishar AhmadAssistant Accountant

Emi Zakiah JoharSenior Assistant Accountant

Muhammad Ariq Tan AbdullahSenior Assistant Accountant

Rohaya JafarSenior Assistant Accountant

Nor Salina SharuddinSenior Assistant AccountantG.S. Muniandy

Director of Account Division

Asmawati BakarPA to Director

Dasyarini Saridah DaudPrincipal Accountant

Anishah Abd. WahidDeputy Director

Azura SahakPrincipal Accountant

Hazeman AzizSenior Accountant

Siti Zarina AbdullahSenior Accountant

Shazra Nazura Mohamad FirdausSenior AccountantRoziwaty Junaidi

Accountant



AnnouncementMEDIA RELEASE:

Initiation of Investigation on Anti-Dumping Concerning Imports of Cold Rolled Stainless Steel Originating in or Exported by the People’s Republic of China, Republic of Korea, Chinese Taipei and Kingdom of Thailand

On 17 April 2017, the Government of Malaysia received a petition from a domestic producer requesting anti-dumping investigation on imports of cold rolled stainless steel (CRSS). The Petitioner alleged that imports of CRSS originating in, or exported from, the People’s Republic of China, Republic of Korea, Chinese Taipei, and Kingdom of Thailand are being dumped into Malaysia at a price much lower than their domestic price.

The Petitioner further claimed that imports from the alleged markets have increased in terms of absolute quantity and that the Petitioner suffered material injury. The Government has considered the evidence of dumping, injury and causal link and decided to initiate a preliminary investigation on imports of CRSS from the alleged markets.

In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination will be made within 120 days from the date of initiation. If the preliminary determination is affirmative, the Government will impose an anti-dumping duty at the rate that is necessary to prevent further injury.

In connection with this investigation, Ministry of international Trade and Industry (MITI) will provide a set of questionnaires to interested parties (importers, foreign producers, exporters and associations). Other interested parties may request for the questionnaires no later than 29 Mei 2017. Interested parties may also provide additional supporting evidence to MITI on, or before, 15 June 2017. In the event no additional information is received within the specified period, the Government will make its preliminary findings based on the available facts.

Further enquiries concerning this investigation can be directed to:

DirectorTrade Practices SectionMinistry of International Trade and Industry (MITI)Level 9, Menara MITINo. 7, Jalan Sultan Haji Ahmad Shah50480 Kuala LumpurMALAYSIA

Telephone Number : (603) 6208 4632/4635/4640/4647Facsimile Number : (603) 6211 4429E-mail address : [email protected]



Announcement

Safe Online Banking Practices by Bank Negara Malaysia

You may click on https://www.youtube.com/watch?v=AIMfG9rcmO8&feature=youtu.be to view the video which provides tips on staying safe while doing online banking.



of Technical TermsASEANAssociation of Southeast Asian Nations - the aims and purposes are to accelerate economic growth, social progress and cultural development; to strengthen cooperation and mutual assistance; and to ensure peace and stability in the region (Bangkok Declaration). ASEAN comprises 10 countries in Southeast Asia, including the five founding members, namely Indonesia, Malaysia, Thailand, Philippines, Singapore, and five others: Brunei, Vietnam, Laos, Myanmar and Cambodia. Established on 8 August 1967.

ASEAN+3ASEAN+China, Japan and Korea

ASEAN-HKASEAN-Hong Kong Free Trade Agreement

ASWASEAN Single Window - a unique regional initiative that connects and integrates National Single Windows of Member States. The objective is to expedite cargo clearance within ASEAN.

ATIGAASEAN Trade in Goods Agreement - The ATIGA was implemented in 2010 as to replace the old CEPT Scheme which was established back in 1993. The ATIGA is a comprehensive agreement for trade in goods in ASEAN which includes trade facilitation measures and safeguard measures provisions.

Balance of TradeThe difference between the value of exports and imports. (ALSO USED: Trade Balance)

Balance of Payments (BOP)The difference in total value between payments into and out of a country over a period.

Any transaction that causes money to flow into a country is a credit to its BOP account (i.e. sources of funds for a nation, such as exports or the receipts of loans and investments, are recorded as positive or surplus items) and any transaction that causes money to flow out is a debit (i.e. uses of funds, such as for imports or to invest in foreign countries, are recorded as negative or deficit items). Transactions taken into account include payments for the country’s exports and imports of goods, services, financial capital, and financial transfers.

The BOP includes:

• the current account, which mainly measures the flows of goods and services;

• the capital account, which consists of capital transfers and the acquisition and disposal of non-produced, non-financial assets; and

• the financial account, which records investment flows.

...to be continued



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