miti’s vendor programme a boon for smes weekly bulletin/miti_weekly... · bumiputra vendors....
TRANSCRIPT
1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI’S VENDOR PROGRAMMEA BOON FOR SMEsThe Vendor Development Programme (VDP) under the Ministry of International Trade and Industry (MITI) has now come of age with a host of success stories under its belt.The programme was one of the flagship initiatives mooted back in 2014 under Minister Datuk Seri Mustapa Mohamed, to groom bumiputra vendors.Among the main aim was to propel Malaysian small and medium enterprises (SMEs) as manufacturers and suppliers of products and services required by large local companies, multinational companies and government-linked companies which Khazanah Nasional Berhad (Khazanah) act as the secretariat in the domestic and global market.The success behind the VDP was also largely attributed to a ‘strategic collaboration’ with anchors, vendors and training providers such as MPC, Technology Park Malaysia, CEDAR, MITRANS, SIRIM, SME Corp, MIDF and MAI. Within a short pan after its launch, the number of anchors and vendors saw a steady increase.In 2016, there were 19 anchors and 1,440 vendors, setting a record in the percentage of VDP procurement value at 11.5%.Up to September last year, the number of anchors had increased to 21 with 1,418 vendors, pushing up the percentage value to 12.7%. The past two years also saw the Capacity Development Programme for Vendors (PPKV) registering a value of RM3.14 mil with 318 recipients.A sum of RM9 mil was set aside for the Research and Commercialisation Grant (GPPV) , which will benefit 15 vendors. In a nutshell, the GGPV and PPKV under VDP are all part of the measures listed under the Fourth Strategy of the Bumiputera Empowerment Agenda (BEA) to provide support to Malaysian SMEs.It is the Government’s aspiration for morel larger local companies, GLCs and MNCs to participate in development programmes to spur the country’s SMEs, so that a higher number of bumiputra vendors could be developed.But the VDP still stands out among the rest and continues to attract much interest and commitment from industry players.
VDP SUCCESS STORIES
In 2016, there were seven national champions and their success stories served as an inspiration to others. The companies are Swiss Resources Sdn Bhd, Daya OCI Sdn Bhd, FM Media Sdn Bhd, Muzamal Industries Sdn Bhd, Foresight Industries Sdn Bhd, Artisan Hartamas Sdn Bhd and Indkom Engineering Sdn Bhd.All seven firms are parked and guided by their respective anchors namely Boustead Naval Shipyard Sdn Bhd, CIMD,Pharmaniaga and Tenaga Nasional Berhad (TNB).The regional champion was won by ideal Healthcare Sdn Bhd. A vendor of Pharmaniaga, Ideal Pharmaniaga participated in the VDP in 2014, dealing in the manufacturing of medical disposable of which its products are exported to Asean countries.A TNB vendor – Hyrax Oil Sdn Bhd – was declared the global champion.Hyrax joined the TNB VDP in 1997, producing products such as transformer oil, cable oil, polybutene oil and lubricants to be exports to New Zealand, Asean and Middle East countries.
Power meeting:Dato' Sri Mustapa Mohamed (centre) and his deputy Datuk Ahmad Maslan (second from right) with some of the vendors at MPPPV)
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
GLC EXPLORACE
Under the VDP, one of the key highlights is the GLC ExplorAce. The event, held in August 2017 with the theme “Excelling in the Digital World”, saw a total of 2,152 visitors, participants and exhibitors. It was co-organised and jointly sponsored by MITI, UEM Group Berhad, SIME Darby Berhad and MIDF. Among the activities included 58 booths, 14 anchors conducting business matching, financial consultation and pocket talks, as well as 16 companies joining a start-up innovation pitch.There were also 331 business matching sessions.The key adjectives were to showcase anchor and vendor achievements in the VDP, provide a platform for new vendors to explore business opportunities with GLCs and MNCs, attract potential anchors to join VDP and provide networking opportunities among VDP vendors, 21 anchors, GLCs, MNCs, MITI and its agencies and other ministries.For this year, the Key Performance Indicator target for the VDP is to rope in 40 new vendors and churn out three new national champions and one regional champion. MITI will enhance the policy and implementation of the VDP. This includes the rebranding of GLC ExplorAce 2018.In April last year, MITI set a target to increase by 10% in the procurement value under the VDP from RM4.88bil in December 2016.During the Vendor Development Programme Consultation Council (MPPPV) meeting, Mustapa said, “To date, we have 21 anchor companies and we hope it can be increased to at least another five quality companies, whether it is government-linked or private-owned companies.”The minister also said in order to facilitate the growth, anchor companies would be given a coble tax deduction which had been extended to 2020, to help develop capabilities of bumiputra vendor companies.Of the 21 anchors, 14 are high-performing companies or PCD20 GLCs, six local large companies and a multinational company.
actively promoting the Anugerah Kecemerlangan Industri (AKI) or Industry Excellence Award.Introduced in 2011, the AKI has gained a reputation for being the nation’s premier corporate recognition award.Held biennially, among the objectives of the AKI are to recognise the most outstanding companies in the manufacturing and services industries, companies with business plans to increase value-added products or services and also companies with the best practices that render them as inspiring role models to other companies.Since its inception, 3,237 companies have participated in the AKI with 408 winners,International Standard of Business Excellence Framework (BEF) is used to evaluate award winners since the rebranding of AKI in 2014.The BEF is a globally recognised comprehensive plan to ensure productivity, quality and sustainability of any organisation.As of end 2017, 5,326 companies in Malaysia have already adopted the BEF.For the AKI 2018, a total of 11 awards are to be contested namely Prime Minister’s Award, four awards under manufacturing sectors, five awards under services sectors and one from open category (multinational companies).The Prime Minister’s Award will be selected from among the top winners
in their respective categories.During a glittering ceremony for the AKI 2016, KPK Klang Specialist was declared the grand winner of the Prime Minister’s Award, winning a cash prize of RM 500,000, a trophy and a certificate.The company beat others such as Finisar Malaysia Sdn Bhd, which emerged top in the open category.Other winners include Johor Port Berhad, Upstream Downstream Process and Services Sdn Bhd and Medical Apparatus Supplies Sdn Bhd ( services sector) and Salutica Allied Solutions Sdn Bhd, Exis Tech Sdn Bhd and Paradigm Precisions Components Sdn Bhd (manufacturing sector).The AKI remains a coveted award among industry players to vie for as it serves as recognition for continuous d e v e l o p m e n t , exceptional leadership and significant growth through vision and mission.More information on the AKI can be obtained on the MITI’s website at http://www.miti.gov.my/index.php/pages/view/3894.
INDUSTRY EXCELLENCE AWARDMeanwhile, MITI is also
Exploring opportunities:Business matching during GLC ExploreACE 2017
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
Labour Force, 2017The Labour Force
increased 2.0 per cent in 2017 at 15.0 million
persons as compared to 2017
2016
2017
502.6 thousand
2016
504.1 thousand
2017
14.5 million
2016
14.2 million
0
20
40
60
80
100
Unemployment Rate (%)Unemployment rate remained
at 3.4 per cent
Employed
Unemployed2017 2016
3.43.4
Note:• LFPR 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
Labour Force Participation Rate (LFPR) (%)
67.768.080.2
54.3
80.1
54.7
2017Total Male Female
2016
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
Source: Department of Statistics, Malaysia
Employed Person by Educational Attainment 2017/2016
No formal Education Primary
Secondry Tertiary
In 2017, 7.1 million persons or 32.0 per cent of working age population
were outside labour force
2016
PopulationOutside Labour Force
7.0million
2017 7.1million
Note:
Outside labour force refer to all persons not classified as employed or unemployed as stated above are classified as outside labour force. They include house¬wives, students (including those going for further studies), retired, disabled persons and those not interested in looking for a job.
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
International Report
Notes : * Refers to HS 903090Source:http://www.trademap.org/Index.aspx
1234
5
MalaysiaUSD 0.9Billion
USAUSD 1.4 Billion
JapanUSD 0.9 Billion
SingaporeUSD 0.5 Billion
GermanyUSD 0.3Billion
USAUSD 0.3 Billion
SingaporeUSD 0.1 Billion
Chinese TaipeiUSD 0.1Billion
12
3
Malaysia was the Second Largest Exporter of Parts and accessories for instruments and apparatus for measuring or checking electrical quantities, 2016
TOP FIVE : Export Destinations
5
4 PRCUSD 0.1 Billion
NetherlandsUSD 0.2 Billion
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
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
160
180
0
50
100
150
200
250
300
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
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
200
400
600
800
1,000
1,200
1,400
1,600
1,8004
Feb
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
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
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
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
50
100
150
200
250
300
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
1,800
0
20
40
60
80
100
120
140
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
7MITI 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
300
350
400
450
5004
Feb
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
140
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
18
0.00
0.10
0.20
0.30
0.40
0.50
0.60
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
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
50
100
150
200
250
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
No. o
f Cer
tific
ate
of O
rigin
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
8MITI 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 2017 - March 2018
US Dollar
Pakistani Rupee
Egyptian Pound
Cambodian Riel
Nepalese Rupee
United Arab Emirates Dirham
4.4596
3.9031
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
2017 2018
RM
USD 1 = RM
4.2561
3.4715
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
2017 2018
RM
PKR 100 = RM
0.2391
0.2639
0.2214
0.20
0.21
0.22
0.23
0.24
0.25
0.26
0.27
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2017 2018
RM
EGP 1 = RM
0.1108
0.0971
0.085
0.090
0.095
0.100
0.105
0.110
0.115
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2017 2018
RM
KHR 100 = RM
4.0931
4.2657
3.7510
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2017 2018
RM
NPR 100 = RM
121.4188
106.2645
95.0
100.0
105.0
110.0
115.0
120.0
125.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2017 2018
RM
AED 100 = RM
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
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-
27 Apr 2018 : US$74.6, 0.8%*Average Pricei : 2017: US$55.0 2016: US$45.3
CRUDE PALM OIL-per MT-
27 Apr 2018 : US$654.0, 1.7%*Average Pricei : 2017: US$719.7 2016: US$702.2
RUBBER SMR 20-per MT-
27 Apr 2018 : US$1,388.5, 2.6%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-27 Apr 2018 : US$56.6, 4.0%*Average Pricei : 2017: US$57.2 2016: US$45.6
COCOA SMC 2-per MT-
27 Apr 2018 : US$1,888.0, 2.1%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS-per MT-
27 Apr 2018 : US$350.0 (high), 7.9% US$330.0 (low), 2.9*Average Pricei : 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest 27 Apr 2018 : US$74.6 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 23 Feb 2018 : US$653.5
Crude Palm Oil -per MT-
Domestic Prices27 April 2018
Steel Bars(per MT)
RM2,480– RM2,630
Billets(per MT)
RM2,200 – RM2,250
SUGAR -per lbs-27 Apr 2018 : US¢ 11.5, 2.9%*Average Pricei : 2017: US¢15.8 2016: US¢18.2
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
656.5
675.6
653.5
673.5
691.5
673.5676.0 677.0 675.8 674.5
665.5
654.0
630
640
650
660
670
680
690
700
9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US$
/mt
Crude Palm Oil
1,371.1 1,386.6
1,536.3
1,532.2
1,673.3
1,720.21,699.5
1,719.2
1,672.5 1,662.6
1,849.91,888.0
1,200
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US$
/mt
Cocoa
13.6
13.3
13.5 13.4
12.8
12.712.6
12.4 12.312.2
11.9
11.5
10.5
11.0
11.5
12.0
12.5
13.0
13.5
14.0
9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US¢
/lbs
Sugar
1,437.51,448.5
1,469.0
1,487.5
1,453.01,463.0
1,361.5
1,384.5
1,353.0
1,398.5
1,425.5
1,388.5
1,250
1,300
1,350
1,400
1,450
1,500
9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US$
/mt
Rubber SMR 20
6,90
0 7,08
8
7,11
3 7,28
1
6,91
7
6,85
1
6,73
0
6,33
7
6,08
5
5,96
5
4,51
6
3,98
4
4,36
6 4,60
5
4,17
0 4,47
4
4,46
3
3,97
4
2,95
0
3,47
6
4,11
4
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
/ to
nne
Black Pepper
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
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.
64.6 64.3 64.363.8 63.8
63.463.0
60.8
59.2 59.258.9
56.6
52.0
54.0
56.0
58.0
60.0
62.0
64.0
66.0
9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US$
/t
Coal
1,79
1 1,86
1 1,90
1
1,92
1
1,91
3
1,88
5
1,90
3
2,03
0 2,09
6 2,13
1
2,09
7
2,08
0
2,21
0
2,18
2
2,06
9
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2017 2018
US$/
tonn
e
Aluminium5,
755 5,
941
5,82
5
5,68
4
5,60
0 5,72
0 5,98
5
6,48
6
6,57
7 6,80
8
6,82
7
6,83
4 7,06
6
7,00
7
6,79
9
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2017 2018
US$/
tonn
e
Copper
9,97
1 10,6
43
10,2
05
9,60
9
9,15
5
8,93
2 9,49
1
10,8
90
11,2
16
11,3
36 11
,972
11,4
95
12,8
65 13
,596
13,3
93
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2017 2018
US$/
tonn
eNickel
59.2
61.7
63.6
61.362.0 62.3
65.964.9
62.1
67.4 67.468.1
62.8
64.8
67.3
64.465.5
66.2
70.5 70.3
67.1
72.6
74.174.6
50
55
60
65
70
75
80
9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US$
/bbl
Crude Petroleum
CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl
Commodity Price Trends
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
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
972.0
1,008.0
994.0
971.0
952.0 954.0960.0
939.0
913.0
929936.0
914.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
1,020.0
9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US$
/oz
Platinum
390.0 390.0 390.0395.0
410.0 410.0 410.0 410.0
400.0
380.0 380.0
350.0
370.0 370.0 370.0
385.0
400.0395.0 395.0 395.0
385.0
350.0
340.0
330.0
300
320
340
360
380
400
420
9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 30Mar 6Apr 13Apr 20Apr 27Apr
US$
/mt
Scrap Iron
ScrapIron/MT(High)ScrapIron/MT(Low)
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
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
2017 2018
US$
/dm
tu
Iron Ore
16.4
16.8
16.6
16.616.5
16.5
16.7
16.3
16.5 16.5
17.2
16.6
15.8
16.0
16.2
16.4
16.6
16.8
17.0
17.2
17.4
9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar 6Apr 13Apr 20Apr 27Apr
US$
/oz
Silver
42.3
43.5
42.7
42.5 42.5
42.1
43.3
42.642.7
43.1
43.4
42.5
41.0
41.5
42.0
42.5
43.0
43.5
44.0
9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 30Mar 6Apr 13Apr 20Apr 27Apr
US$
/oz
Gold
Commodity Price Trends
13MITI 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
NAT
IONAL
BLU
E O
CEA
N S
TRAT
EGY
URBAN TRANSFORMATION CENTRE (UTC)
UTC is one of government’s efforts and initiatives to provide variety of government and private sectors’ major services to urban community at one stop center. This National Blue Ocean Strategy (NBOS) initiative is introduced to enhance services quality through strategic alliances between government and private sector and as a complement to the Community Transformation Program (CTP) in order to ensure all government’s initiatives can provide maximum benefits to the people.
Main objectives of UTC are:•to serve as a “Multiple Service Center” that goes beyond normal working hours to facilitate public with their affairs with government and private sectors.•to Facilitate the urban community to get access to the provided services under one roof through Community Transformation Program.UTC is located in major cities throughout the nation. UTC Malacca was the first UTC, launched on 23 June 2012 by the YAB Prime Minister. As at March 2018, a total of 21 UTCs were established with 60 million service transactions were recorded
UTC Kelantan was officiated by YAB PM on 12 March 2017. As at March 2018, UTC Kelantan has recorded 828,204 transactions since its operation in October 2016.
14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
NAT
IONAL
BLU
E O
CEA
N S
TRAT
EGY
Among the services providers in UTC :• Jabatan Imigresen Malaysia • Jabatan Pendaftaran Negara (JPN)• Road Transport Department (Jabatan Pengangkutan Jalan)• Lembaga Hasil Dalam Negeri (LHDN)• MyEG • Perbadanan Tabung Pendidikan Tinggi Negara (PTPTN)• Suruhanjaya Pengangkutan Awam Darat (SPAD)• Suruhanjaya Syarikat Malaysia (SSM)• Jabatan Kebajikan Masyarakat • Youth centre (Y-Centre) • KPDNKK • Land & Mineral• Local Council MPPG • Coop MPPG • TEKUN Nasional • Retails outlets • Dental clinics
The collaboration among the services providers in UTC:
15MITI 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: http://www.miti.gov.my/index.php/glossary
of Technical TermsFourth Industrial Revolution (4IR)Current trend of automation and data exchange in manufacturing technologies.
FPSOFloating Production Storage and Offloading - Offshore production facilities that house both processing equipment and storage for produced hydrocarbons.
Free-RiderA term used to infer that a country receives benefits from tariff cuts and concessions made by other countries through the most-favoured-nation principle, without undertaking any commitments.
FSOFloating storage and offloading - A vessel used only to store oil (without processing it).
FTAFree Trade Agreement – an agreement between two or more countries with the aim of liberalising the trade of goods and services and access to investment between those countries. An FTA does this by removing barriers to trade, such as eliminating most (if not all) tariffs and removing quotas on goods that can be exported or imported.FTAs currently pursued with selected countries are not confined to liberalisation and market opening measures alone. They are comprehensive and include investment, trade facilitation, intellectual property rights (IPR) as well as economic cooperation in areas such as: • competition policy;• standards and conformity assessment;• information and communication technology;• science and technology;• education and training;• research and development;• financial cooperation;• Small and Medium Enterprises (SMEs) development; and• paperless trading.
G-20Group of Twenty - brings together systemically important industrialized and developing economies to discuss key issues in the global economy. Established in 1999 and consists of Finance Ministers and Central Bank Governors from 19 of the world’s largest national economies, plus the European Union (EU).
G-8Group of Eight – G7 + Russia, an annual summit meeting of head of governments from seven industrialized countries in the world (G7) and Russia. Consists of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The European Union is represented in the G8, but cannot host or chair.
GAAPGenerally Accepted Accounting Principles - The ethic applies on the recording of revenues; expenses; costs; assets and liabilities; disclosure of information and preparation of financial statements.
16MITI 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
Announcement
Withholding TaxFor more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2
Industry 4.0For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40
Paperless Customs Clearance Under ASEAN–China Free Trade Area(ACFTA)Please be informed that the Chinese Government is promoting paperless customs clearance ofgoods involving preferential trade agreements under ACFTA, effective 1st January 2018.With reference to the Chinese Customs announcement No. 67(2017), importers/agents could opt forpaperless customs clearance of goods involving preferential trade agreements. To use this facility,importers would need to submit electronically the original importation documents i.e. certificateof origin, invoice, bill of lading and certificate of non-manipulation to customs during importdeclaration. For record keeping and verification purposes, importers must retain all the originaldocuments in hardcopy. However, existing procedure is applicable if the importers/agents opt to make import declaration using hardcopy documents.Thus, Malaysian exporters are advised to inform the importers in China on this facility provided bythe Chinese Customs. Kindly request the importers to refer to the Chinese Customs’ clearance section/dutycollection division for further clarification.
Thank You.Senior DirectorTrade And Industry Cooperation SectionMinistry Of Internation Trade And Industry24 April 2018
17MITI 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
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@ YOUR SERVICE
Name : Lim Chee Hau Designation : Minister Counsellor (Economy) MITI SingaporeContact No : +(65) 622 0126 or 6222 1356Email : [email protected]