1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 547
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N13 August 2019 | NO. ISSN : 2180-0448
Med
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MITI ANNOUNCES NEW NATIONAL CAR TO SPUR INDUSTRY CURVE
The new national car will be a completely new model with advanced technology, and will utilise existing competitive and proven vehicle architecture. The project will be a development based on technology collaboration with a global technical partner towards delivering advanced vehicle technology, and capabilities in human capital expansion.
From the Government's standpoint, the national car project is the nation's industrialisation catalyst, to spur the meaningful participation of Malaysians in advanced technology adoption. This will create new opportunities for local vendors and talent to be part of the high technology value chain. Most importantly, local businesses are able to explore activities that are in demand in the future, in a conducive environment, minimising risks associated with high investment when such operations are supplied locally at the infancy stage.
Minister of International Trade
and Industry, YB Datuk Darell Leiking announced DreamEDGE Sdn Bhd as the Malaysian anchor company to deliver the new national car.The announcement was made in DreamEDGE's headquarters in Cyberja.
DreamEDGE has been providing technical and long-term strategic collaboration to support clients within and outside of Japan, with local Malaysian engineers based in Japan. Throughout its 10 year history, it has built a capable internal development team focused on technology innovation, from ideation to prototyping to mass production.
The company has developed the required in-house capabilities and experience to provide end-to-end automotive engineering services, through a skilled workforce capable of offering shorter, accelerated lead times in delivering engineering projects.
DreamEDGE has built experience in various applications through the establishment of multi-vertical
mechanical design and process engineering, cutting across industry verticals including the Oil & Gas, Rail, Defense, Ship Building & Repair and Digital Dentistry, alongside its capabilities in energy efficient vehicle and motorsport research and development.
The company also has developed robotics and augmented reality design capabilities that add value to smart manufacturing for the automotive industry.
As a start, the new national car will take on a new approach of segmenting itself through exclusive models featuring advanced technologies, but are affordable in its offerings to the public.
The new national car will be fully designed and developed by Malaysian engineers, focusing on new upper body, interior and human-machine interface systems, as well as enhancement of noise, vibration & harshness (NVH) and ride & handling (R&H). Daihatsu Motor Company will provide support to DreamEDGE in advanced technology.
Ministry of International Trade & Industry9th August, 2019
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MALAYSIAN AUTOMOTIVE PARTS AND COMPONENTS EXPORTS ON TRACK TO
MEET 2019 TARGETS52% of exports target achieved ending Q2 2019
While public discussion and reports centres more popularly on vehicle production and new models, Minister of International and Industry, YB Datuk Darell Leiking argues that the manufacturing and export of Malaysian made vehicle parts and components deserves equal attention, to ensure it grows in parallel with top tier vehicle production.
“The manufacturing of vehicle parts and components is of equal importance to the success of the automotive industry, as it creates more business and career opportunities for Malaysians in the high value automotive chain. They are essentially the elements that define the final product”, said YB Datuk Darell.
“The diversity of manufacturing processes, multiplicity of specialisation, and varying levels of complexity (compared to vehicle assembly) make parts and components a key target sector to spur local competencies in science, engineering and technology adoption, particularly among Malaysian SMEs”, he added.
Malaysia’s part and components sector reported a total export of RM6.76 billion in the first half of 2019, achieving 52 percent of its target of RM13 billion set at the beginning of the year.
The sector has shown tremendous growth in exports in the last 5 years, growing from RM4.7 billion in 2014 to RM12.1 billion in 2018.
YB Datuk Darell further emphasised the importance of continuous and holistic growth in the expansion of capacities and capabilities of Malaysian automotive manufacturers as the global markets shift towards new automotive and mobility products and ownership models.
“While MITI is working hard to address concerns among certain quarters of the industry on our readiness to develop high technology products such as autonomous technology, we cannot deny that such disruption will eventually render our current capabilities obsolete in the future.”
“The only way forward is a fully concerted effort from the industry, government and research sectors to devise new solutions to ensure we reach the appropriate levels of compliance to global market demand”
The automotive industry is one of the most diverse sectors in relation to processes and specialisations,
which include engineering disciplines in mechanical, chemical, electronic, materials and information technology. The advances in new powertrain and autonomous driving technology has opened the industry to even more talent and supply chain needs, such as artificial intelligence, advanced telecommunication and nano-engineering.
YB Datuk Darell concluded that businesses should take part in the numerous government programmes to accelerate their capabilities in upstream activities such as product and process design, to ensure they optimised the value derived from parts and component trade and export.
The government has strengthened the capacities of Malaysian parts and components suppliers, particularly in implementing Lean Production Systems (LPS) practices within most production lines of the local automotive chain, through government programmes formulated by the Malaysia Automotive, Robotics and IoT Institute (MARii).
Automotive businesses also now have wider access to training and facilities catered to upstream automotive development processes, such as styling, engineering design, design validation, emissions testing, virtual and augmented reality tools, which are accessible through centres of excellence such as the National Emission Test Centre (NETC) and the MARii Design Centre.
In line with the National Policy on Industry 4.0 (Industry4WRD), MITI has developed readiness and intervention programmes to prepare Malaysian manufacturers for Industry 4.0. Apart from these programmes, MARii - MITI’s agency tasked with enhancing the automotive sector – has developed numerous technologies, human capital and supply chain enhancement programmes that are in line with Industry4WRD.
Ministry of International Trade & Industry7th August, 2019
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3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Manufacturing Performance, June 2019 M
alay
sia
Stat
isti
cs
Malaysia's manufacturing sales grew 5.3% in June 2019 to RM70.6 billion
Manufacturing Indicators
. .
Sales Value
RM70.6 bil
Salaries & Wages
RM3,977.5 mil
Number ofEmployees
1,082,444 persons
Sales Value Per Employees
RM65,266
5.3% 1.1% 3.1% 4.2%
Performance of Sales in Manufacturing Sector
Note: Percentage refers to y-o-y percentage changeSource: Department of Statistics, Malaysia
8.0% 7.6%
Transport Equipment & Other Manufactures
Food, Bevarages & Tobacco
Textile, Wearing Apparel, Leather & Footwear
Petroleum, Chemical,
Rubber & Plastic
Non-Metallic Mineral Products, Basic Metal &
Fabricated Metal Products
Wood, Furniture, Paper Products & Printing
E&E Products
7.4% 5.8%
5.5%
4.0%
2.2%
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Trade Performance of Manufactured GoodsJune 2019
Manufactures of MetalRM3.4 bil., 15.7%
Manufactures of MetalRM3.4 bil., 11.7%
E&E ProductsRM28.1 bil., 6.0%
E&E ProductsRM19.0 bil., 10.5%
Petroleum ProductsRM6.1 bil., 2.4%
Petroleum ProductsRM6.6 bil., 2.8%
Chemicals & Chemical ProductsRM4.6 bil., 1.3%
Chemicals & Chemical ProductsRM6.2 bil., 11.3%
Machinery, Equipment & PartsRM3.2 bil., 10.9%
Machinery, Equipment & PartsRM5.4 bil., 16.4%
Top Five Exports
Top Five Imports
Note: Percentage refers to y-o-y percentage changeSource: Department of Statistics, Malaysia
RM56.5 bil. 11.3%
RM63.8 bil.5.0%
IMPORTSEXPORTSTotal TradeRM120.3 bil.
8.1%
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Industrial Production Index (IPI)M
alay
sia
Stat
isti
cs
Natural Gas
E&EProducts
Malaysia's IPI grew by 3.9% in June 2019
manufacturing sector
Electricity, 1.7%
Mining, 4.6% Manufacturing, 3.8%
IPI, 3.9%
Manufacturing
Transport Equipment & Other Manufactures
4.7%
Non-Metallic Mineral Products, Basic Metal & Fabricated Metal Products
5.6%
Food, Bevarages & Tobacco
5.5%
Wood, Furniture,Paper Products
& Printing
4.8%
Electrical & Electronicsproducts
3.9%
Textile, Wearing Apparel, Leather
& Footwear
3.5%
Petroleum, Chemical, Rubber & Plastic
3.0%
Note: Percentage refers to y-o-y percentage changeSource: Department of Statistics, Malaysia
mining sector
Crude Oil 7.1
-3.7%
Natural Gas
13.0%
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Wholesale and Retail Trade, June 2019
Volume index of Wholesale and Retail TradeJune 2019
Sales Value stood at RM112.3 billion in June 2019
Volume index of Wholesale and Retail Trade rOSE 6.4 % IN JUNE 2019
Note: Percentage refers to y-o-y percentage changeSource: Department of Statistics, Malaysia
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
3.79 3.80 3.85
2.40 2.52 2.88
Export Import
Malaysia's Trade with Myanmar, 2008 - 2018
Source: Department of Statistics, Malaysia
272.43
0.93-0.06
Services
Manufacturing
*Others
MYANMAR population in 2017 was 53,370,609 which was 0.71 % of the world's population. It has a density of 82 persons/km2
MYANMAR Population
A Fully Integrated Community
MYANMAR Trade In Services (US$billion)
MYANMAR Gross Domestic Product
GDP by Economic Sector, 2017 (%)
TOTAL GDP: 67,068.7 million
MYANMAR Inflation Rate
Inflation Rate 2011 - 2017 (%)
MYANMAREconomic Indicators
at a Glance
Association of Southeast Asian Nations
MYANMAR Foreign Direct Investment
Net FDI Inflows by Sector, 2017 (US$million)
6.19 6.32 6.73
2.8 2.8
5.7 5.5
10.8
7.0
4.5
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2011 2012 2013 2014 2015 2016 2017
24.1%
35.6%
40.3%
Sources:https://data.aseanstats.org/https://theodora.com/wfbcurrent/laos/laos_economy.htmlhttps://www.worldometers.info/world-population/laos-population/
Note:* include Agriculture, forestry, and fishing, Mining and quarrying
1,04
1.9
723.
1
1,18
0.6
1,71
0.3
2,17
6.4
2,26
0.7
2,63
4.0
3,06
4.8 3,
924.
8
4,13
4.4
2,80
9.6
583.
7
496.
7 732.
4
715.
1
566.
9
624.
3
546.
7
686.
5
824.
1
967.
1
1,23
2.7
1,625.5
4,042.3
0
1,000
2,000
3,000
4,000
5,000
6,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
RM million
Exports Imports Total Trade
2015 2016 2017
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
WORLD LARGEST EXPORTERS OF BITUMINOUS MASTICS, CUT-BACKS AND OTHER BITUMINOUS MIXTURES BASED ON
NATURAL ASPHALT, ON NATURAL BITUMEN, ON PETROLEUM BITUMEN, ON MINERAL TAR OR ON MINERAL TAR PITCH*
Sources: https://www.trademap.org/index.aspx
1 ChinaUS$397.9m
1MalaysiaUS$410.3m27.4%
2BelarusUS$265.5m17.7%
3SpainUS$104.6m7.0%5
USAUS$84.9m5.7%
4CanadaUS$96.0m6.4%
2 Papua New GuineaUS$2.7m
3 Viet NamUS$2.0m
4 IndiaUS$1.9m 5 Indonesia
US$1.6m
TOP FIVE MALAYSIA EXPORT DESTINATIONS
In 2018, Malaysia’s export of Bituminous mastics, cut-backs and other bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch recorded US$410.3 million with 27.4% share to
the world exports
Notes: -*HS271500 -% refer to share in world exports
Mer
chan
dise
Sta
tist
ics
MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
0
20
40
60
80
100
120
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
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.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
5,000
10,000
15,000
20,000
25,000
30,00019
May
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
3,500
0
200
400
600
800
1,000
1,200
1,400
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
ica
te o
f Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
700
800
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
ica
te o
f Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
700
800
900
1,000
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
ica
te o
f Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
ica
te o
f Orig
in
RM m
il.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
ica
te o
f Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
0
100
200
300
400
500
600
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
0
100
200
300
400
500
600
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
ica
te o
f Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
10
20
30
40
50
60
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
0
20
40
60
80
100
120
140
160
180
200
19 M
ay
26 M
ay
2 Ju
ne
9 Ju
ne
16 J
une
23 J
une
30 J
une
7 Ju
ly
14 J
uly
21 J
uly
28 J
uly
4 A
ug
No.
of C
ertif
ica
te o
f Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2018 - July 2019
US Dollar
Euro
South Korean Won
Pound Sterling
Australian Dollar
Brunei Dollar
3.9578
3.8862
4.1867
4.1244
3.70
3.75
3.80
3.85
3.90
3.95
4.00
4.05
4.10
4.15
4.20
4.25
Jan
Feb
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun
Jul
2018 2019
RM
USD 1 = RM
4.81894.8325
4.6124
4.6316
4.50
4.55
4.60
4.65
4.70
4.75
4.80
4.85
Jan
Feb
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun
Jul
2018 2019
RM
EUR 1 = RM
0.3712 0.3719
0.3507
0.34
0.35
0.35
0.36
0.36
0.37
0.37
0.38
Jan
Feb
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun
Jul
2018 2019
RM
KRW 100 = RM
5.45575.4755
5.1551
4.90
5.00
5.10
5.20
5.30
5.40
5.50
Jan
Feb
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun
Jul
2018 2019RM
GBP 1 = RM
3.1427
2.8834
2.75
2.80
2.85
2.90
2.95
3.00
3.05
3.10
3.15
3.20
Jan
Feb
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun
Jul
2018 2019
RM
AUD 1 = RM
2.9736
2.9452
3.0540
3.0322
2.88
2.90
2.92
2.94
2.96
2.98
3.00
3.02
3.04
3.06
3.08
Jan
Feb
Ma
r
Apr
Ma
y
Jun
Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun
Jul
2018 2019
RM
BND 1 = RM
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
11.9%*US$54.5
0.5%*US$53.6
7.0%* US$1,444.8
%*US$300.0
(high)
09 August 2019
%*US$280.0
(low)
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-
09 August 2019
CRUDE PALM OIL -per MT-
0.1%*US$507.0
09 August 2019
RUBBER SMR 20 -per MT-
0.9%*US$1,326.5
COCOA SMC 2 -per MT-
COAL -per MT-
SUGAR -per lbs-
1.3%*US$11.9
SCRAP IRON HMS -per MT-
5 Oct 2018 : US$84.2
Highest2018/2019
17 May 2019 : US$72.2
4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2
Lowest2018/2019
9 Mar 2018 : US$691.5
Highest2018/2019
22 Feb 2019 : US$567.0
26 July 2019 : US$488.5 23 Nov 2018 : US$448.5
Lowest2018/2019
Average Price 2018 i : US$71.5 Average Price 2018 i : US$600.1
Average Price 2018 i : US$1,371.0 Average Price 2018 i : US$1,535.6 Average Price 2018 i : US¢12.3
Average Price 2018 i : US$380.7 (high)Average Price 2018 i : US$359.6 (low)Average Price 2018 i : US$66.9
Domestic Prices09 August 2019
Steel Bars(per MT)
RM2,060– RM2,210
Billets(per MT)
RM1,850 - RM2,050
09 August 2019 09 August 2019 09 August 2019
09 August 2019
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MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,598.11,590.4
1,569.1
1,649.3
1,620.51,605.5
1,614.11,623.3
1,606.0
1,620.1
1,552.7
1,444.8
1,400
1,450
1,500
1,550
1,600
1,650
1,700
1,750
24 May 31 May 7 June 14 June21 June28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US$/
mt
Cocoa
2,390
2,387
2,409
2,445
2,4672,472 2,475
2,490
2,438
2,379
2,359
2,341
2,250.0
2,300.0
2,350.0
2,400.0
2,450.0
2,500.0
2,550.0
24 May31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US$
/mt
Pepper
1,539.51,555.0
1,570.5
1,548.0
1,497.5
1,482.0
1,456.0
1,402.5
1,425.5 1,424.0
1,315.0
1,326.5
1,300
1,350
1,400
1,450
1,500
1,550
1,600
24 May 31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US$
/mt
Rubber SMR 20
58.6
53.5 54.052.5
57.4 57.5 57.5
60.2
55.6 56.2 55.7
58.5
68.7
64.563.3
62.0
65.266.6
64.2
66.7
62.563.5
61.9
54.5
40
45
50
55
60
65
70
75
24 May 31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
516.5
503.0
506.5 506.5
491.5
502.5
505.5
498.5
489.5 488.5
506.5507.0
485
490
495
500
505
510
515
520
24 May 31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US$
/mt
Crude Palm Oil
11.7
12.1
12.5
12.9
12.5
12.6
12.4 12.3
11.6
12.0
12.0
11.9
11.5
11.7
11.9
12.1
12.3
12.5
12.7
12.9
13.1
24 May 31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US¢
/lbs
Sugar
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14.6 14.6
15.0
14.8
15.3 15.3
15.0
15.3
16.2
16.4 16.3
16.9
14.2
14.7
15.2
15.7
16.2
16.7
17.2
24 May31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US$
/oz
Silver
41.2 41.7
43.1 43.4
44.9 45.3
44.7
45.3
46.3
45.7
46.4
48.2
40.0
41.0
42.0
43.0
44.0
45.0
46.0
47.0
48.0
49.0
24 May31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US
$/g
Gold
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
2,18
2
2,06
9
2,25
5 2,30
0
2,23
8
2,08
2
2,05
2
2,02
6
2,03
0
1,93
9
1,92
0
1,85
4
1,86
3
1,87
1
1,84
5
1,78
1
1,75
6
1,79
7
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2018 2019
US$
/ to
nn
e
Aluminium
7,00
7
6,79
9
6,85
2
6,82
5
6,96
6
6,25
1
6,05
1
6,05
1 6,22
0
6,19
6
6,07
5
5,93
9
6,30
0 6,43
9
6,43
8
6,01
8
5,88
2
5,94
1
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2018 2019
US$
/ to
nne
Copper
13,5
96
13,3
93
13,9
38
14,3
66 15
,106
13,7
94
13,4
11
12,5
10
12,3
15
11,2
40
10,8
35 11
,523
12,6
85
13,0
26
12,7
73
12,0
16
11,9
44
13,5
46
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
16,000
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2018 2019
US$
/ to
nne
Nickel
Commodity Price Trends
77
.46
70
.35
65
.75
66
.10
65
.04
64
.56
67
.15
68
.44 7
3.4
1
73
.26
69
.15
76
.16
88
.22
86
.47
93
.70 1
00
.15 1
08
.94
12
0.2
4
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
130.0
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2018 2019
US
$/d
mtu
Iron Ore
802.9
794.2
806.1 804.7
811.0
841.1
811.4
834.6
852.1
867.8
853.0
863.8
790.0
800.0
810.0
820.0
830.0
840.0
850.0
860.0
870.0
880.0
24 May 31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US
$/o
z
Platinum
350.0
320.0
330.0 330.0 330.0 330.0
320.0
350.0
320.0 320.0 320.0 320.0
300.0 300.0
330.0
280.0
290.0 290.0 290.0
300.0
290.0
330.0
290.0 290.0 290.0 290.0
280.0 280.0
250
270
290
310
330
350
370
10 May17 May24 May31 May 7 June 14 June21 June28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US
$/m
t
Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)
55.6 55.6 55.6
54.6 54.654.3
54.1 54.1 53.8 53.8 53.853.6
50.0
51.0
52.0
53.0
54.0
55.0
56.0
57.0
58.0
59.0
60.0
24 May 31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug
US
$/t
Coal
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MIT
I PR
OG
RAM
MES
ANNOUNCEMENT ON THE NEW NATIONAL CAR BY MITI MINISTER 9 AUGUST 2019
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MIT
I PR
OG
RAM
MES
MITI MINISTER LED THE FLAG RAISING CEREMONY IN CONJUNCTION WITH THE 52ND ASEAN DAY AT MINISTRY OF FOREIGN AFFAIRS
8 AUGUST 2019
8 AUGUST 2019 25 July 2019
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MIT
I PR
OG
RAM
MES
PERHIMPUNAN BULANAN MITI BERSAMA AGENSI6 OGOS 2019
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Approved Permit - is an import and export license issued by the Permit Issuing Agencies (PIAs) based on the Customs Act 1967.
Differential Export Taxes - The differential export tax (DET) is the difference of the export tax on raw materials and the finished product.
DET:
Certificate of Origin - Means a document issues by the Issuing Authority specifies the details of the origin of the goods or materials.
C00:
ECR:Export Credit Refinancing - Scheme is another credit facility to finance exports. This scheme was launched nationwide by Bank Negara Malaysia (BNM) in 1989. BNM has made available the pre-shipment and post-shipment ECR facilities through commercial banks. Currently the role of BNM has been taken over by Exim Bank.
Exclusion List- Products which are excluded from any commitments of liberalisation.
EL:
Economic Committee - works to remove structural and regulatory obstacles that inhibit cross-border trade and investment that are created by behind-the-borders barriers. Promotes structural reform within APEC which consists of improvements made to institutional frameworks, regulations and government policies so that the efficient functioning of markets is supported, and behind-the-border barriers are reduced.
EC:
EEV:Energy Efficient Vehicle - are vehicles that meet a set of define specification in terms of carbon emission level (g/km) and fuel consumption (l/100km ) and include fuel efficient vehicles, hybrid, EV and alternatively fuelled vehicles e.g LPG, Biodiesel, Ethanol, Hydrogen and Fuel Cell.
ECOTECH:Economic and technical cooperation - one of the three cooperative pillars of APEC, ECOTECH involves capacity building and information sharing activities. The objective is to help members, particularly developing economies, benefit from the liberalization process, while narrowing the gap among the diverse economies of the APEC region. Current ECOTECH medium-term priorities include: regional economic integration; addressing the social dimension of globalisation (inclusive growth); safeguarding the quality of life through sustainable growth; structural reform; and human security.
G L O S S A RYSource: http://www.miti.gov.my /index.php/glossary
Documentary Bills for Collection - is a service provided by banks whereby the exporter having shipped the goods, delivers the documents to his bank (Remitting Bank) with instructions to have the documents presented to the importer through a Collecting Bank in the country of the importer.
DBC:
Change in Tariff Classification - Used to specify that a product has been undergone a process and the change at 4-digit level.
CTC:
DGTA:Directorate General of Technical Airworthiness - is a government agency under the Ministry of Defence responsible for regulating the technical airworthiness of stateregistered aircraft.
Committee on Trade and Investment - mandated to act as a coordinator of APEC in trade and investment liberalization and facilitation, CTI oversees eight sub-groups and three industry dialogues in implementing cooperative actions outlined in the Osaka Action Agenda (OAA). Established in 1993 based on the Declaration on an APEC Trade and Investment Framework aimed at strengthening economic activities and promoting the flow of goods and services between APEC member economies.
CTI:
Env ironmenta l l y H a z a r d o u s Substances - is a substance that is included in the EHS reference list, or if not in the list, must be assigned a hazard category under the GHS classification scheme.
EHS:
Duty Free Quota Free - Special treatment accorded to LDCs where by developed countries will allow DFQF access for products from LDCs.
DFQF:
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All yo
u ne
ed t
o kn
ow...
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All yo
u ne
ed t
o kn
ow...
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202
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ANNO
UNCEM
ENTS
ANNO
UNCEM
ENTS
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/naico
For more information, kindly click the following links:https://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Notice_for_
Application_of_Personal_Vehicle_Import_License_(AP)_(15072019)_BI.pdf
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/5539
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ANNO
UNCEM
ENTS
For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
NO DATE VENUE TOPIC
1 22 August (Thursday)
MITI HQ (SEMINAR 1) Introduction
to FTA & Preferential Certificate of Origin (PCO)
2 19 September (Thursday) MITI PERAK
3 17 October (Thursday)
MITI HQ (SEMINAR 1)
4 14 November (Thursday)
MITI KELANTAN
Tentative Schedule for MITI Pocket Talks 2019
For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/aki?mid=535
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MITI @ Your Service
Marweena MananDirector
DIGITAL ECONOMY
Mohd Rafizal RahimSENIOR PRINCIPAL ASST. Director
Shahreen AliasSENIOR ASST. Director
Haddijah HussianOPERATIONAL ASST.
Ahmad Faizan HasimADMINISTRATIVE ASST.
Elleney Merynda WasliPRINCIPAL ASST. Director