MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan...

19
1 MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia MITI Minister with the Rakyat (People) 22 March 2018 MITI Minister with Cyberjaya College students in conjunction with Innovation and Productivity Race 23 March 2018 MITI Minister with Jeli Community College student and staff. 24 March 2018 MITI Minister at the launching of Darul Falah tution classes

Transcript of MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan...

Page 1: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Minister with the Rakyat (People)

22 March 2018MITI Minister with Cyberjaya College students in conjunction with Innovation and Productivity Race

23 March 2018MITI Minister with Jeli Community College student and staff.

24 March 2018MITI Minister at the launching of Darul Falah tution classes

Page 2: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

Source: Department of Statistics, Malaysia

CONSUMER PRICE INDEX (CPI), FEBRUARI 2018

2.7% 1.4%Jan 2018 / Jan 2017 Feb 2018 / Feb 2017

Percentage Change by 12 Main Groups

Food & Non-Alcoholic Beverages

3.0%(Jan 2018: 3.8%)

Clothing & Footwear

-0.7%(Jan 2018: -0.3%)

Recreation Services & Culture

0.4%(Jan 2018: 0.5%)

Furnishing, Household Equipment & Routine Household Maintenance

2.1%(Jan 2018: 2.6%)

Transport

-0.3%(Jan 2018: 5.7%)

Restaurants & Hotels

1.8%(Jan 2018: 2.4%)

Alcoholic Beverages & Tobacco

0.1%(Jan 2018: 0.2%)

Housing, Water, Electricity, Gas & Other Fuel

2.0%(Jan 2018: 2.2%)

Health

2.1%(Jan 2018: 2.3%)

Communication

-0.5%(Jan 2018: -0.6%)

Education

1.1%(Jan 2018: 1.2%)

Miscellaneous Goods & Services

0.4%(Jan 2018: 0.9%)

Page 3: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

ICT Use and Access by Individuals and Households Survey Report, 2017

Source: Department of Statistics, Malaysia

Main Activities of Internet

Use

Page 4: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

38.8 23.0 22.8 10.1 6.4

Malaysia as the Largest Exporter of Cases for wrist-watches, pocket-watches and other

watches 2016

International Report

Exports in US$ million

Note : Refers to HS911180Source:http://www.trademap.org/Index.aspx

30.3

Japan

6.8

1.2

Singapore

China

Malaysia Singapore China Hong Kong Japan

Malaysia's Top Three

Export Destinations

(US$ million)

Page 5: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

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

180

0

50

100

150

200

250

300

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

18 m

ar

No. o

f Cer

tific

ate

of O

rigin

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

5,000

10,000

15,000

20,000

25,00031

Dec

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

18 m

ar

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

5,000

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

18 m

ar

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

0

500

1,000

1,500

2,000

2,500

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

18 m

ar

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

350

0

20

40

60

80

100

120

140

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

18 m

ar

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

100

200

300

400

500

600

700

800

900

1,000

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

18 m

ar

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

50

100

150

200

250

300

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

18 m

ar

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

Page 6: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

35031

Dec

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

18 m

ar

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

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

18 m

ar

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

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

18 m

ar

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

20

40

60

80

100

120

0

5

10

15

20

25

30

35

40

45

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

18 m

ar

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

50

100

150

200

250

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

18 m

ar

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

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

18 m

ar

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

300

350

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

18 m

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)

Total FOB (RM mil.) Total CO

Page 7: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - February 2018

US Dollar

Canadian Dollar

New Zealand Dollar

Swiss Franc

Saudi Riyal

Myanmar Kyat

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

3.3755

3.1719

3.4288

3.1112

2.90

3.00

3.10

3.20

3.30

3.40

3.50

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

2017 2018

RM

CAD 1 = RM

3.17353.2126

2.8414

2.8567

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

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

2017 2018

RM

NZD 1 = RM

4.4209

4.4697

4.1861

3.90

4.00

4.10

4.20

4.30

4.40

4.50

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

2017 2018RM

CHF 1 = RM

118.9006

104.3196

95.0

100.0

105.0

110.0

115.0

120.0

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

2017 2018

RM

SAR 100 = RM

0.3296

0.2945

0.270

0.280

0.290

0.300

0.310

0.320

0.330

0.340

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

2017 2018

RM

MMK 100 = RM

Page 8: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

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

Commodity PricesCRUDE PETROLEUM (BRENT)

-per bbl-23 Mar 2018 : US$70.5, 6.4%*Average Pricei : 2017: US$55.0 2016: US$45.3

CRUDE PALM OIL-per MT-

23 Mar 2018 : US$676.0, 0.4%*Average Pricei : 2017: US$719.7 2016: US$702.2

RUBBER SMR 20-per MT-

23 Mar 2018 : US$1,361.5, 6.9%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5

COAL -per MT-23 Mar 2018 : US$63.0, 0.6%Average Pricei : 2017: US$57.2 2016: US$45.6

COCOA SMC 2-per MT-

23 Mar 2018 : US$1,699.5, 1.2%*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-23 Mar 2018 : US¢ 12.6, 0.6%*Average Pricei : 2017: US¢15.8 2016: US¢18.2

Page 9: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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 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.

675.6

687.5

678.0

666.0

671.0

656.5

675.6

653.5

673.5

691.5

673.5676.0

630

640

650

660

670

680

690

700

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

US$

/mt

Crude Palm Oil

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

1,720.21,699.5

1,200

1,300

1,400

1,500

1,600

1,700

1,800

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

US$

/mt

Cocoa

15.1

14.2

13.313.4

13.6 13.6

13.313.5 13.4

12.812.7 12.6

11.0

11.5

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

US¢

/lbs

Sugar

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

1,361.5

1,300

1,350

1,400

1,450

1,500

1,550

1,600

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

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

Page 10: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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 Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

65.2

64.4

64.6 64.6

64.8

64.6

64.3 64.3

63.8 63.8

63.4

63.0

61.5

62.0

62.5

63.0

63.5

64.0

64.5

65.0

65.5

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

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

e

Nickel

61.4

64.363.4

66.165.5

59.2

61.7

63.6

61.362.0 62.3

65.9

67.6

69.9

68.6

70.5

68.6

62.8

64.8

67.3

64.4

65.566.2

70.5

52

54

56

58

60

62

64

66

68

70

72

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

US$

/bbl

Crude Petroleum

CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl

Page 11: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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 Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

969.0

940.0

1,014.01,020.0

1,000.0

972.0

1,008.0

994.0

971.0

952.0 954.0960.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

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

17.3

17.117.1

17.4

17.0

16.4

16.8

16.616.6

16.516.5

16.7

15.8

16.0

16.2

16.4

16.6

16.8

17.0

17.2

17.4

17.6

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

US$

/oz

Silver

42.4

42.7

42.9

43.5

42.8

42.3

43.5

42.7

42.5 42.5

42.1

43.3

41.0

41.5

42.0

42.5

43.0

43.5

44.0

5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar

US$

/oz

Gold

Page 12: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMESMPC Showcase on Innovation for Productivity, 22 March 2018

Page 13: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

MITI PROGRAMMEMITI PROGRAMMESKarnival Jelajah Usahawan, 23-25 Mac 2018

Page 14: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

14MITI 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

Malaysia is making a blue ocean shift in its national development as it strives to become an advanced nation by 2020. To achieve this, the government has adopted blue ocean shift process.

Major ideas of Blue Ocean Strategy:• focuses on differentiation & low cost to open up new market space;• creates new demands by converting non-customers into customers; and• offers process and visual tools that are systematic and replicable to ensure

designing and implementation of strategies which are much more effective.

National Blue Ocean Shift (NBOS) is formulated and executed through the NBOS Summit, a unique and dynamic national strategy platform which brings together ministries, agencies, all levels of government and the private sector on a voluntary basis. The Summit, which was launched in 2009, breaks down bureaucratic silos through fair process, and is driven by the creation of new ideas.

To date, 118 NBOS initiatives have been successfully implemented to tackle a wide range of economic and social issues.

The implementation of NBOS work culture will lead to new, creative & innovative ideas. It emphasizes collaboration among government agencies, the private sector and NGO's with the objective of delivering services and projects that are of high impact, low cost with rapid execution & on a sustainable basis.

The design and selection of NBOS initiatives are based on two key principles:• delivering high income through economic growth and integrated development;

and• enhancing the level of public well-being through greater security as well as

social inclusion to close the social distance between various groups in society (for example, rural vs. urban, young vs. old, men vs women, etc..)

The government used blue ocean tools and frameworks in the Eleventh Malaysia Plan to formulate high-impact, low-cost national strategies that can be rapidly executed.

Source: Reprinted from https://www.blueoceanstrategy.com/malaysia-nbos/ and http://www.nbos.gov.my/posts/national-blue-ocean-strategy-(nbos)

MALAYSIA’S NATIONAL BLUE OCEAN SHIFT

Page 15: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

NAT

IONAL

BLU

E O

CEA

N S

TRAT

EGY

The National Blue Ocean Shift (NBOS) Mesra Rakyat Fiesta is a programme held with the following objectives:

• to introduce NBOS ideas being implemented by the Government to the Rakyat;

• to showcase the success and effectiveness of these NBOS programmes;

• to provide opportunities for the Rakyat to participate in the NBOS programmes;

• to bring government services to the Rakyat especially those in rural areas and suburbs;

NBOS FIESTA IN SEGAMAT

• to provide opportunity to the Rakyat to have a direct engagement with the National leaders; and• to launch new NBOS initiatives.

The latest NBOS Fiesta was held in Jementah, Segamat on 17 -18 March 2018 and was officiated by YB. Datuk Seri S. Subramaniam, Minister of Health Malaysia. A total of 80 ministries and agencies were involved in the Fiesta to provide various services. Approximately 53,000 service transactions were recorded during the Fiesta.

Among the the programmes and services include:• CSR programme with eight (8) schools in Jementah;• Introduction of NBOS initiatives such as Coding@

Schools, Strategic Linkages, Mobile CTC, Actyvate, iM4U Zon Selatan an dthe launching of BookDoc;

• healthcare services;• PDRM services (offered discounts up to 50% on traffic

compounds);• career fair and job interviews;• education fair for SPM leavers;• e-commerce entrepreneurship programme;• FAMA booth (offered fresh produces at remarkably

reduced prices, including auctions of chicken and fish);• free spectacles, free motorcycle services and exchange of helmets; and• exhibition and services booth by various government agencies.

MITI, SME Corp Malaysia and Malaysia Industrial Development Finance Berhad (MIDF) participated in the Fiesta and provided the following advisory services:

• capacity building opportunities, market access and entrepreneurship training programmes for SMEs;

• access to financing for SMEs (including start-ups) and non-SMEs; and

• internship training and job opportunities in the automotive sector.

MIDF also donated 10 units of bicycles i.e. seven units for lucky draw and three units were distributed to children from poor families identified by Pejabat Daerah Segamat and Penghulu Mukim Segamat.

Page 16: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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.myMITI Weekly Bulletin | www.miti.gov.my

Source: http://www.miti.gov.my/index.php/glossary

of Technical TermsCurrent AccountMeasures net provision of real resources namely goods, services, primary and secondary income to or from the rest of the world.

Current Account BalanceThe current account balance is made up of four separate balances: Balance of trade in goods; Balance of trade in services; Net investment income from external assets; and Transfers.

Current Account DeficitsA situation where the amount of money going out of a country is more than the amount coming in. This leads to a net outflow of money from a country’s circular flow. In the case of a current account deficit, a nation needs to operate an off-setting surplus on the capital account of their balance of Payments and this can be done in several ways including:• attracting inflows of direct and portfolio investment from overseas;• attracting short term banking flows into their economy (so called hot money);• attracting other flows including some remittances from migrant workers located overseas; and• short term borrowing/financial assistance from the World Bank and IMF.

Current Account SurplusIndicates that an economy is exporting a greater value of goods and services than it is importing. A country with a current account surplus will have a deficit on the financial/capital account.

DBCDocumentary 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.

DDADoha Development Agenda, sometimes Doha Round. Unofficial name of the Doha Work Programme on negotiations and implementation.

De minimisMinimal amounts of domestic support that are allowed even though they distort trade — up to 5% of the value of production for developed countries, 10% for developing.

De MinimisA measure which allows the usage of the non-originating materials to be used in the production of the originating good.

Debt Service RatioIn conformity with the definition used by Central Bank of Malaysia and Treasury, debt service ratio is the amount of principal repayments (excluding prepayments) and interest payments

Decoupled Income SupportSubsidies/support provide to farmers that is not linked to (is decoupled from) prices or production.

DETDifferential Export Taxes - The differential export tax (DET) is the difference of the export tax on raw materials and the finished product.

Page 17: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

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

of Technical Terms

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

Page 18: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

18MITI 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

Did you know that Malaysia has the capability to produce aerospace engine parts. Making Malaysia the Aerospace Hub in SEA by 2030.

Page 19: MITI Minister with the Rakyat (People) Weekly Bulletin/MITI_W… · MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: 603 - 8000 8000 Fax: 603 - 6202

19MITI 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 Weekly Bulletin (MWB) Mobile AppsMITI MWB APPs is now available for IOS, Android and Windows platforms. MWB APPs can be download from Gallery of Malaysian Government Mobile APPs (GAMMA) at the link: http://gamma.malaysia.gov.my/#/appDetails/85

MWB Facebook PageLike MWB page at https://www.facebook.com/MITIWeeklyBulletin/?fref=ts

Dear Readers,

Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13

Source: www.TheLawOfAttraction.com