trade and investment mission to japan and the republic of ... weekly... · miti tower, no. 7, jalan...
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1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 506
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N16 October 2018 | NO. ISSN : 2180-0448
Med
ia R
elea
se
Trade and Investment Mission to Japan and the Republic of Korea
YB Datuk Darell Leiking, Minister of International Trade and Industry will be undertaking a Trade and Investment Mission (TIM) to Japan from 14 to 17 October 2018 and the Republic of Korea (ROK) from 18 to 21 October 2018. The Mission comprises officersfrom the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE), State Governments such as Penang, Melaka and Terengganu, as well as 76 representatives from Malaysian companies.
This Mission is an important annual engagement for the Government to continue enhancing bilateral economic and trade relations between Malaysia and Japan as well as ROK. During the Mission, YB Minister will have bilateral meeting with his counterpart in Tokyo and attend business seminars in Tokyo, Osaka and Seoul to promote business and investment opportunities in Malaysia. The programme will also include one-to-one business meetings and Business Matching sessions with selected captains of industry as well as small and medium enterprises (SMEs).
The meetings and business matching sessions with the Japanese and Korean companies will provide a great opportunity for Malaysia to learn of new industrial and technology developments and explore further collaboration with both nations, particularly in high potential sectors such as automotive, artificial intelligence, robotics, aerospace, petrochemical, medical devices, renewable energy and Halal industry. In addition, YB Minister is scheduled to meet and engage with Malaysian students in Seoul. YB Minister and delegation will also be visiting several companies and research centres such as Nissan Motor Corporation and Shimadzu Corporation in Japan and Samsung D’Light in ROK.
In 2017, Japan was Malaysia’s 4th largest overall global trading partner and 2nd largest after China for East Asia region while Malaysia was Japan’s 11th largest trading partner. The total trade between both countries was recorded at RM139.2 billion (USD32.4 billion) in 2017 with Malaysia’s exports to Japan amounted to RM75.6 billion (USD17.6 billion) and imports value totalled at RM63.6 billion (USD14.8 billion).
In terms of investments, Japan is the largest foreign investor in the manufacturing sector for implemented projects. As of June 2018, a total of 2,642 manufacturing projects were implemented with total investments of RM82.9 billion (USD26.0 billion) and these investments have created 340,698 job opportunities. The majority of these investments are in electronics and electrical products, chemicals and chemical products, non-metallic mineral products and transport equipment.
Meanwhile, ROK was Malaysia’s 8th largest trading partner, 10th largest export destination and 7th largest source of imports in 2017. In 2017, the total trade between both countries was recorded at RM67.7 billion (USD15.8 billion). The total exports to ROK amounted to RM28.6 billion (USD6.7 billion) while imports value was at RM39.1 billion (USD9.1 billion). In terms of investment, ROK was Malaysia’s 5th largest foreign investor in the manufacturing sector for implemented projects. As of June 2018, a total of 371 manufacturing projects were implemented with total investment worth RM25.7 billion (USD7.8 billion) and have generated 52,103 job opportunities. Most of these investments were in electrical and electronics, petroleum products, basic metal products, non-metallic mineral products and chemical and chemical products.
Ministry of International Trade and Industry14 October 2018
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.myMITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Source: Department of Statistics, Malaysia Compiled by MITI
Note: % is share to total
Trade in Manufacturing, January - August 2018
TOTA
L TR
AD
E
7.2%
RM1,047.6b
8.9%
RM544.2bEXPORTS
Major Export Destinations and Import Sources
E&E
Prod
ucts
Petr
oleu
m P
rodu
cts
SINGAPORERM40.0B
16.3%
PRCRM37.2b
15.2%
THAILANDRM13.7b
5.6%
HONG KONGRM37.5B
15.3%
USARM30.3b
12.3%
Total Exports: RM245.6b (37.7%)
PRCRM42.4b
24.6%
SINGAPORERM21.8b
12.6%
JAPANRM11.4b
6.6%
CHINESE TAIPEIRM29.7b
17.2%
USARM19.6b
11.4%
Total Imports: RM172.8b (29.8%)
SINGAPORERM13.5b
27.3%
VIET NAMRM6.4b12.9%
BANGLADESHRM3.0b
6.1%
PRCRM6.6b13.3%
INDONESIARM4.2B
8.4%
Total Exports: RM49.5b (7.6%)
SINGAPORERM23.7b
44.2%
INDIARM6.0b11.2%
UAERM2.7b
5.1%
PRCRM6.2b11.6%
ROKRM3.6b
6.7%
Total Imports: RM53.6b (9.2%)
5.5%
RM503.4bIMPORTS
Che
mic
als
& C
hem
ical
Pr
oduc
ts
PRCRM10.2b
27.8%
THAILANDRM3.4b
9.3%
SINGAPORERM2.4b
6.5%
INDONESIARM4.2b11.4%
VIET NAMRM2.6b
7.0%
Total Exports: RM36.8b (5.7%)
PRCRM9.5b 17.6%
SAUDI ARABIARM4.5b
8.3%
JAPANRM3.7b
6.8%
SINGAPORERM5.9b10.9%
USARM3.9b
7.2%
Total Imports: RM53.9b (9.3%)
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
Mal
aysi
a St
atis
tics
Electrical & Electronics
RM187.5b10.6%
Manufacturing Indicators, January - August 2018
7.3%
Sales Value
Sales Value Per Employee1
RM536.9b 1,074,099 persons RM30.6b RM65,528
1.9% 11.5% 6.1%
Number of Employees
Salaries &Wages Production
Index114.34.9%
Jan-Aug 2017RM500.2b
Notes: % refers to year-on-year change # industry weight
Source: Department of Statistics, Malaysia Compiled by MITI
Jan-Aug 20171,054,482
Jan-Aug 2017RM27.5b
Aug 2017RM61,747
Jan-Aug 2017109.0
Top Five Industries in terms of Sales, Employment & Production Index
Sales Employment Production Index
MetalRM38.5b
4.7%
Food & BeveragesRM30.7b
6.7%
Chemicals RM152.2b
6.1%
Transport EquipmentRM35.7b
6.1%
Electrical & Electronics
336,960 persons1.8%
Metal97,1292.8%
Rubber Products86,083 persons
2.5%
Chemicals 133,354 persons
2.7%
Wood & Wood Products
95,176 persons0.9%
Chemicals111.118.0#
Metal114.35.4#
Palm Oil106.33.5#
Electrical &Electronics
119.514.5#
Transport Equipment109.14.2#
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.myMITI Weekly Bulletin | www.miti.gov.my
M a l a y s i a r e m a i n e d n u m b e r o n e e x p o r t e r o f B a s e M e t a l s , S i l v e r o r G o l d , C l a d
w i t h P l a t i n u m , n o t F u r t h e r W o r ke d t h a n S e m i - M a n u f a c t u r e d * i n 2 0 1 7
Inte
rnat
iona
l St
atis
tics
US$8.4 M4.3 %
PHILIPPINES JAPAN USA BELGIUM MALAYSIA
US$10.7 M5.5 %
US$12.5 M6.4 %
US$17.7 M9.1 %
US$122.1 M62.7 %
54 3 2 1
Malaysia’s exports destinations for Base Metals, Silver or Gold, Clad with Platinum, not Further Worked than Semi-Manufactured*, in
2017
Notes : - % Share in Malaysia’s export - *Refers to HS 711100 Source: http://www.trademap.org/Index.aspx
JAPANUS$122.1 M
99.996 %
THAILANDUS$0.005 M
0.004%
MALAYSIA
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
M a l a y s i a i n W o r l d H e r i t a g e L i s t In
tern
atio
nal St
atis
tics
Gunung Mulu National Park Kinabalu Park
Natural Site
Cultural Site
Historic City of the Straits of Malacca: Melaka
Historic City of the Straits of Malacca: George Town
Archeological Heritage of the Lenggong Valley
Source: https://whc.unesco.org/en/list/
Legend
Category of site:Cultural site Natural site Mixed site
Site inscribed on the List of World Heritage in Danger:
Cultural site Natural site Mixed site
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
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
0
20
40
60
80
100
120
140
160
0
5
10
15
20
25
30
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
0
1,000
2,000
3,000
4,000
5,000
6,000
0
1,000
2,000
3,000
4,000
5,000
6,00022
Jul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
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
0
200
400
600
800
1,000
1,200
1,400
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
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
1,400
0
500
1,000
1,500
2,000
2,500
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
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
0
20
40
60
80
100
120
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
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
0
50
100
150
200
250
300
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
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
1,400
1,600
0
20
40
60
80
100
120
140
160
180
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
Orig
in
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)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
350
400
450
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
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
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
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
16
18
0.00
0.10
0.20
0.30
0.40
0.50
0.60
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
Orig
in
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
5
10
15
20
25
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
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
50
100
150
200
250
300
350
400
450
500
0
20
40
60
80
100
120
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
Orig
in
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
80
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
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
0
50
100
150
200
250
300
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
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 - September 2018
US Dollar
Chinese Yuan
Thai Baht
Japanese Yen
Singapore Dollar
New Taiwan Dollar
4.4460
3.9644
4.1396
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
USD 1 = RM
0.6468 0.6436
0.6040
0.57
0.58
0.59
0.60
0.61
0.62
0.63
0.64
0.65
0.66
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
CNY 1 = RM
12.6982
12.6957
12.3750
12.7043
11.80
12.00
12.20
12.40
12.60
12.80
13.00
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
THB 100 = RM
3.9310
3.8458
3.6258
3.6963
3.30
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018RM
JPY 100 = RM
3.1422
3.1521
2.9622
3.0209
2.85
2.90
2.95
3.00
3.05
3.10
3.15
3.20
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p2018
RM
SGD 1 = RM
14.4076
14.3122
13.2733
13.4729
12.50
13.00
13.50
14.00
14.50
15.00
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
TWD 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
Commodity Prices
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated # Heavy melting steel
CRUDE PETROLEUM (BRENT) -per bbl-
4.4%*US$80.4
12 Oct 2018
CRUDE PALM OIL -per MT-
0.2%*US$548.5
12 Oct 2018
RUBBER SMR 20 -per MT-
0.4%*US$1,344.5
12 Oct 2018
COCOA SMC 2 -per MT-
5.1%* US$1,419.6 12 Oct 2018
COAL -per MT-
0.4%*US$77.5
12 Oct 2018
SUGAR -per lbs-
3.5%*US¢13.1
12 Oct 2018
SCRAP IRON HMS# -per MT-
%*US$380.0
(high)
15 Oct 2018
%*US$350.0
(low)
29 Dec 2017 : US$66.9
Highest2017/2018
5 Oct 2018 : US$84.2
9 Feb 2018 : US$62.8 23 June 2017 : US$45.5
Lowest2017/2018
20 Jan 2017 : US$843.0
Highest2017/2018
9 Mar 2018 : US$691.5
24 Aug 2018 : US$532.5 30 June 2017 : US$650.0
Lowest2017/2018
Average Price 2017 i : US$55.0 Average Price 2017 i : US$719.7
Average Price 2017 i : US$1,646.6 Average Price 2017 i : US$1,439.0 Average Price 2017 i : US¢15.8
Average Price 2017 i : US$314.5Average Price 2017 i : US$57.2
Domestic Prices12 Oct 2018
Steel Bars(per MT)
RM2,350– RM2,500
Billets(per MT)
RM2,150– RM2,250
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,489.2
1,408.5
1,311.41,303.6
1,423.5
1,448.6
1,472.2 1,472.9 1,476.6
1,376.6
1,350.9
1,419.6
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US$
/mt
Cocoa
2,386
2,301
2,1902,152 2,150
1,984
1,868 1,866 1,8711,825 1,812 1,808
1,500.0
1,600.0
1,700.0
1,800.0
1,900.0
2,000.0
2,100.0
2,200.0
2,300.0
2,400.0
2,500.0
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US$
/mt
Pepper
1,332.5
1,316.5
1,349.0
1,339.5
1,373.5
1,349.0
1,322.5
1,336.51,340.5
1,335.01,339.5
1,344.5
1,280
1,290
1,300
1,310
1,320
1,330
1,340
1,350
1,360
1,370
1,380
27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US$
/mt
Rubber SMR 20
68.7 68.567.6
65.9
68.769.8
67.869.0
70.8
73.374.3
71.3
74.373.2 72.8
71.8
75.877.4 76.8
78.1 78.8
82.784.2
80.4
50
55
60
65
70
75
80
85
90
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
587.5
572.5570.5
569.0
545.0 545.0
562.5
566.5
558.0
532.5
547.5 548.5
530
540
550
560
570
580
590
600
27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US$
/mt
Crude Palm Oil
10.9 10.9
10.5
10.2 10.2
10.6
11.0
12.0
11.7
11.2
12.6
13.1
10.0
10.5
11.0
11.5
12.0
12.5
13.0
13.5
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US
¢/l
bs
Sugar
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Commodity Price Trends
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.
15.5 15.5
15.3
14.6
14.9
14.6
14.2 14.1
14.4
14.714.6 14.6
13.0
13.5
14.0
14.5
15.0
15.5
16.0
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct
US$
/oz
Silver
39.5
39.1 39.0
38.0
38.5 38.5 38.6
38.6 38.5
38.2
38.7
39.2
37.0
37.5
38.0
38.5
39.0
39.5
40.0
27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct
US$
/oz
Gold
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
2,25
5 2,30
0
2,23
8
2,08
2
2,05
2
2,02
6
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 Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun
Jul
Aug Se
p
2018
US$
/ to
nn
e
Aluminium
5,94
1
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
6,85
2
6,82
5 6,96
6
6,25
1
6,05
1
6,05
1
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Feb
Mar
Apr
May Jun Jul
Aug Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
p
2018
US$
/ to
nn
e
Copper
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
11,9
72
11,4
95
12,8
65 13
,596
13,3
93
13,9
38
14,3
66 15
,106
13,7
94
13,4
11
12,5
10
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 Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
p
2018
US$
/ to
nn
e
Nickel
80
.41
89
.44
87
.65
70
.22
62
.43
57
.48
67
.74
76
.07
71
.53
61
.66
64
.24
72
.25 7
6.3
4
77
.46
70
.35
65
.75
66
.10
65
.04
64
.56
67
.15
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2017 2018
US$
/dm
tu
Iron Ore
836.0840.6
833.2
780.3
792.8790.4
783.3
801.2
832.9
822.4 824.5
840.0
740.0
750.0
760.0
770.0
780.0
790.0
800.0
810.0
820.0
830.0
840.0
850.0
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct
US$
/oz
Platinum
380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0
360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0
350.0 350.0
300
310
320
330
340
350
360
370
380
390
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US
$/m
t
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
65.2 65.2 65.3 65.4
66.7
70.070.6
71.6 71.8
75.6
77.8 77.5
55.0
60.0
65.0
70.0
75.0
80.0
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US
$/t
Coal
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
MIT
I PR
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MES
MITI Deputy Minister at National Convention on Good Regulatory Practice 2018
11 October 2018
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MIT
I PR
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MITI Management Services Division Open Day 11 October 2018
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MIT
I PR
OG
RAM
MES
Hari Sukan Negara MITI and Agencies 13 October 2018
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MIT
I PR
OG
RAM
MES
Hari Sukan Negara MITI and Agencies 13 October 2018
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MIT
I PR
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MITI Minister was a panelist in the Panel Discussion 'Malaysia: A Vibrant Hub of Opportunities' during the
Seminar on ‘Business Opportunities in Malaysia’ in Tokyo15 October 2018
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MITI Weekly Bulletin | www.miti.gov.my
Source: http://www.miti.gov.my/index.php/glossary
of Technical TermsWTO Sectoral InitiativesTariff elimination for selected sectors, with the requirement of participation by members contributing 90 per cent of world trade. Developed members want key developing members such as PRC, India and Brazil to be part of sectoral initiatives.
Zero For X Tariff ReductionDeveloped countries to undertake immediate elimination compared to developing countries.
ZeroingAn investigating authority usually calculates the dumping margin by getting the average of the differences between the export prices and the home market prices of the product in question. When it chooses to disregard or put a value of zero on instances when the export price is higher than the home market price, the practice is called “zeroing”. Critics claim this practice artificially inflates dumping margins.
AnnouncementsTentative Schedule for MITI
Pocket Talks 2018No. Date Venue Topic
1 17-Oct MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 14-Nov MITI Sabah
Introduction to FTA & Preferential Certificate of Origin (PCO)
3 5-Dec MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
4 12-Dec MITI Sarawak
Introduction to FTA & Preferential Certificate of Origin (PCO)
Please click here to register
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Announcements
For more information, kindly click the following links:http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_
For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
Issuance of APEC Business Travel Card is temporarily suspendedImmigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.
Kindly refer:
http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-notice-of-apec-card-production-suspended-time.html
PROGRAMME
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MITI Geneva Name : Azuwiza Darus Designation : Counselor (Economy) MITI GenevaContact No : 6200 0453 / (+41)22-799 4042Email : [email protected]
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