Post on 29-Oct-2019
1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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
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
MITI Minister at Kampung Lalat Batu Melintang Jeli, Kelantan
MITI Minister with the Rakyat (People)
MITI Minister at Kampung Kalai, Kelantan17 March2018
18 March 2018
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
Manufacturing Performance, January 2018
Jan 2018: RM67.8bil.Jan 2017: RM61.2bil
10.8%
Sales Jan 2018: 1,070,549 personsJan 2017:1,044,346 persons
2.5%
Number of EmployeesSept 2015: RM3,740.0milSept 2016: RM3,300.3mil
13.3%
Salaries & Wages
Malaysia
Industrial Production Index (IPI), January 2018
Petroleum,Chemical, Rubber & Plastic
2.1%
Electrical & Electronics 4.0%
Food, Beverages & Tobacco 14.4%
Non-Metalic Mineral Products, Basic Metal & Fabricated Metal Products
17.2%
IPI 131.5 3.0%
Manufacturing Index 140.7 4.8%
Electricity Index 135.0
4.3%
Mining Index114.1 1.5%
Transport Equipments& Other Manufacturers
28.2%Source : Department of Statistics, 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
International Report
Notes : * Refers to HS 370390Source:http://www.trademap.org/Index.aspx
1 2 3
4 5
MalaysiaUSD 31.2Million
USAUSD 13.1Million
NetherlandsUSD 12.1Million
UKUSD 8.3Million
SpainUSD 5.2Million
Malaysia as The Largest Exporter Of Photographic Paper, Paperboard And Textiles, Sensitised,
Unexposed, for Monochrome Photography, 2016
TOP 5: Export Destinations
USAUSD 17.2Million1
PRCUSD 1.4Million
3
IndiaUSD 0.9Million
5
4 AustraliaUSD 1.3Million
2FranceUSD 4.2Million
Malaysia
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
3
1. Finland (7.632)2. Norway (7.594)3. Denmark (7.555)4. Iceland (7.495)5. Switzerland (7.487)6. Netherlands (7.441)7. Canada (7.328)8. New Zealand (7.324)9. Sweden (7.314)10. Australia (7.272)
ASEAN Countries34. Singapore (6.343)
35. Malaysia (6.322)46. Thailand (6.072)71. Philippines (5.524)95. Viet Nam (5.103)96. Indonesia (5.093) 110. Laos (4.623)120. Cambodia (4.433)130. Myanmar (4.308)
Source : World Happiness Report 2018
The World's 10 Happiest Countries 2018Rank Country Score
7 Change in Rank
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
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
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
25,00024
Dec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
0
100
200
300
400
500
600
700
800
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
1,000
0
100
200
300
400
500
600
700
800
900
1,000
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
1,800
0
50
100
150
200
250
300
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
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
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
35024
Dec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
No.
of C
ertif
icat
e of
Orig
in
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
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
No.
of C
ertif
icat
e of
Orig
in
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
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
20
40
60
80
100
120
0
5
10
15
20
25
30
35
40
45
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
0
50
100
150
200
250
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
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
50
100
150
200
250
300
350
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
No.
of C
ertif
icat
e of
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
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
Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - February 2018
US Dollar
Philippine Peso
Vietnamese Dong
Hong Kong Dollar
Indonesian Rupiah
Indian Rupee
4.4596
3.9123
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
2017 2018
RM
USD 1 = RM
8.9685
7.5471
6.50
7.00
7.50
8.00
8.50
9.00
9.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
PHP 100 = RM
0.0197
0.0172
0.0155
0.0160
0.0165
0.0170
0.0175
0.0180
0.0185
0.0190
0.0195
0.0200
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
VND 100 = RM
57.4972
50.0149
46.00
48.00
50.00
52.00
54.00
56.00
58.00
60.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
HKD 100 = RM
0.0334
0.0288
0.026
0.027
0.028
0.029
0.030
0.031
0.032
0.033
0.034
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
IDR 100 = RM
6.5503
6.8277
6.0710
5.60
5.80
6.00
6.20
6.40
6.60
6.80
7.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
INR 100 = RM
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
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-
16 Mar 2018 : US$66.2, 1.1%*Average Pricei : 2017: US$55.0 2016: US$45.3
CRUDE PALM OIL-per MT-
16 Mar 2018 : US$673.5, 2.6%*Average Pricei : 2017: US$719.7 2016: US$702.2
RUBBER SMR 20-per MT-
16 Mar 2018 : US$1,463.0, 0.7%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-16 Mar 2018 : US$63.4, 0.6%Average Pricei : 2017: US$57.2 2016: US$45.6
COCOA SMC 2-per MT-
16 Mar 2018 : US$1,720.2, 2.8%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS-per MT-
16 Mar 2018 : US$410.0 (high), unchanged US$395.0 (low), 1.3%Average Pricei : 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest 26 Jan 2018 : US$70.5 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$653.5
Crude Palm Oil -per MT-
Domestic Prices16 Mar 2018
Steel Bars(per MT)
RM2,600 – RM2,750
Billets(per MT)
RM2,300 – RM2,400
SUGAR -per lbs-16 Mar 2018 : US¢ 12.7, 1.5%*Average Pricei : 2017: US¢15.8 2016: US¢18.2
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
656.7
675.6
687.5
678.0
666.0
671.0
656.5
675.6
653.5
673.5
691.5
673.5
630
640
650
660
670
680
690
700
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar
US$
/mt
Crude Palm Oil
1,329.4
1,301.8
1,334.8
1,384.51,367.7
1,401.6
1,371.11,386.6
1,536.3
1,532.2
1,673.3
1,720.2
1,200
1,300
1,400
1,500
1,600
1,700
1,800
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar
US$
/mt
Cocoa
15.2 15.1
14.2
13.313.4
13.6 13.6
13.313.5 13.4
12.812.7
11.0
11.5
12.0
12.5
13.0
13.5
14.0
14.5
15.0
15.5
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar
US¢
/lbs
Sugar
1,452.5 1,456.0
1,523.51,536.5
1,547.0
1,497.0
1,437.51,448.5
1,469.0
1,487.5
1,453.01,463.0
1,300
1,350
1,400
1,450
1,500
1,550
1,600
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar
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
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, World Gold Council, The Wall Street Journal.
65.365.2
64.4
64.6 64.6
64.8
64.6
64.3 64.3
63.8 63.8
63.4
62.0
62.5
63.0
63.5
64.0
64.5
65.0
65.5
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar
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
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
2017 2018
US$/
tonn
e
Aluminium5,
755 5,
941
5,82
5
5,68
4
5,60
0 5,72
0 5,98
5
6,48
6
6,57
7 6,80
8
6,82
7
6,83
4 7,06
6
7,00
7
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
US$/
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
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
2017 2018
US$/
tonn
eNickel
60.461.4
64.363.4
66.165.5
59.2
61.7
63.6
61.362.0 62.3
66.967.6
69.968.6
70.5
68.6
62.8
64.8
67.3
64.465.5
66.2
40
45
50
55
60
65
70
75
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar
US$
/bbl
Crude Petroleum
CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl
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
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
940.0
969.0
940.0
1,014.01,020.0
1,000.0
972.0
1,008.0
994.0
971.0
952.0 954.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
1,020.0
1,040.0
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar
US$
/oz
Platinum
390.0 390.0
420.0 420.0
400.0
390.0 390.0 390.0 390.0
395.0
410.0 410.0
380.0 380.0
400.0 400.0
380.0
370.0 370.0 370.0 370.0
385.0
400.0
395.0
340
350
360
370
380
390
400
410
420
430
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar
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
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
2017 2018
US$
/dm
tu
Iron Ore
17.0
17.3
17.117.1
17.4
17.0
16.4
16.8
16.616.6
16.516.5
15.8
16.0
16.2
16.4
16.6
16.8
17.0
17.2
17.4
17.6
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar
US$
/oz
Silver
41.5
42.4
42.7
42.9
43.5
42.8
42.3
43.5
42.7
42.5 42.5
42.1
40.5
41.0
41.5
42.0
42.5
43.0
43.5
44.0
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar
US$
/oz
Gold
Commodity Price Trends
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MITI PROGRAMMEGroundbreaking Ceremony for Senior Aerospace Facility, 13 March 2018
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MITI'S PARTICIPATIONin Fiesta Mesra Rakyat , 17 Mac 2018 Padang Awam Jementah, Segamat, Johor
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Source: http://www.miti.gov.my/index.php/glossary
of Technical Terms
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CKDCompletely knocked down- car / bike /automobile which are imported or exported in parts and not as one assembled unit. Such units are first sent to an assembly plant in the target country where all these parts are assembled and one complete car / bike / vehicle is made using the imported components.
CLMVCambodia Lao PDR Myanmar Viet Nam - Is an acronym refers to the four newer members of ASEAN namely Cambodia, Lao PDR, Myanmar and Viet Nam. Since Viet Nam is now a developing country, there is a preference to use CLM when referring to the Least Developed Countries of ASEAN. CLM covers Cambodia, Lao PDR and Myanmar.
Cloud ComputingDelivery of on-demand computing resources—everything from applications to data centers—over the Internet on a pay-for-use basis.
CoefficientA number to reduce tariff. Small coefficient results in steeper cut, while high coefficient results in lesser cut. Current proposal is coefficient of 8 for developed countries and options for developing countries that is 20, 22 and 25.
Competition PolicyThe objective of competition policy is to ensure that competition in the market is not restricted in a way that might cause damages to society. The endorsement and implementation of competition policy and regulations that promote competition help improve the efficiency, growth and stability of an economy. The implementation of competition policy and deregulation provides markets with a framework that encourages market discipline, eliminates distortions and promotes economic efficiency.
ConsensusOne of the most important operating principles of APEC cooperation that was defined clearly in the Seoul Declaration (1991). It is based on the “commitment to open dialogue and consensus-building, with equal respect for the views of all participants”. Unlike the WTO/GATT, decisions made within APEC are reached by consensus. All meetings, from APEC Economic Leaders’ Meeting to Minister-level Meeting or Official-level Meeting, are informal and undertaken on a voluntary basis. As a result, members are not involved in treaty obligations. All decisions made by Economic Leaders and Ministers are outlined in the Declaration that reflects the common determination of all members.
Consumer Price IndexMeasures the average rate of change in prices of a fixed basket of goods and services that represents the expenditure pattern of all households in Malaysia
COOCertificate of Origin - Means a document issues by the Issuing Authority specifies the details of the origin of the goods or materials.
COPsConference of the Parties - is the governing body of international conventions such as Rotterdam, Stockholm and Minamata Convention.
CounterfeitUnauthorized representation of a registered trademark carried on goods identical or similar to goods for which the trademark is registered, with a view to deceiving the purchaser into believing that he/she is buying the original goods.
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SPURRING THE GROWTH OF MALAYSIA AEROSPACE INDUSTRY1. Malaysia continues to strengthen its position as the Aerospace Hub for South East Asia. The Malaysian aerospace industry has seen significant growth and has provided more than 23,000 jobs opportunities, mainly in aerospace manufacturing and maintenance, repair & overhaul (MRO) with active participation of small and medium-sized enterprises. Total number of companies in operation has reached more than 230. Total revenue recorded in 2017 is RM13.5 billion with aero manufacturing sector contributing 49% and MRO sector contributing 46% of the overall revenue. 2017 was a record year for Malaysia’s aerospace exports with RM8.49 billion of exports, an increase of 54% compared with 2016. Malaysia’s aerospace exports are mainly in aerospace parts and components.
2. In 2017, thirteen (13) aerospace projects were approved with investments of RM649 million, 80% were domestic investments. The approved projects are expected to generate an additional 1,021 employment opportunities.
3. SMEs involvement in the aerospace industry is also encouraging. The 20 SMEs under the EPP8: Developing SMEs in the Global Aerospace Manufacturing Industry Programme under SME Corp have also shown positive growth and expected to generate more than RM30 million revenue this year. These companies were identified to be further developed as part of the Government’s initiative to expand the local aerospace supply chain. The companies are mainly in the parts & components manufacturing (metallic & composites), tooling manufacturing and special processes for aerospace manufacturing.
4. Moving forward in 2018, the industry is expected to grow at 5% with aero manufacturing sector contributing 54% of the overall aerospace industry revenue. Meanwhile, the MRO (Maintenance, Repair & Overhaul) will continue to expand especially in the aero engine and components segment with MRO revenue targeted at RM6.5 billion.
5. The groundbreaking ceremony of Senior Aerospace UPECA sets another important milestone for the aerospace industry development as Senior Aerospace UPECA is the first tenant at the Subang AeroTech Park. Developed by MAHB, the 60-acre site is dedicated for aerospace parts & components manufacturing, engineering services and MRO (Maintenance, Repair & Overhaul).
6. This new 178,000 square feet facility will become Senior Aerospace UPECA’s showcase facility in Malaysia. This facility represents an addition to the current facility (136,000 sq. ft.) in Shah Alam. The new investment amounting RM151 million will include state-of-the-art automation manufacturing and comprehensive special process capabilities from the Senior Group. It will also boast double the special treatments capacity and non-destructive capability compared to the current facility. It is expected that 360 highly skilled engineering and technical personnel will be employed for the new facility.
7. NAICO and MITI agencies namely MIDA, MATRADE and SME Corporation Malaysia will continue to facilitate the growth of the aerospace industry by providing a facilitative environment and eco-system. Efforts will also be taken to promote quality investments to Malaysia to accelerate local supply chain development as well as to bring in cutting-edge technology to the country. This is in line with the Malaysia Industry 4.0 initiative to enhance Malaysia’s competitiveness at the global arena. The export promotion of aerospace services will remain an important activity to promote Malaysia as the regional aerospace hub in South East Asia.
Ministry of International Trade and Industry13 March 2018
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MEDIA RELEASE
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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
Kindly click https://drive.google.com/file/d/1cK31bxdxQFHajHtmvQ9_2iGkCzcq9FAD/view to get more information on this showcase
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