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VOLUME 547

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N13 August 2019 | NO. ISSN : 2180-0448

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MITI ANNOUNCES NEW NATIONAL CAR TO SPUR INDUSTRY CURVE

The new national car will be a completely new model with advanced technology, and will utilise existing competitive and proven vehicle architecture. The project will be a development based on technology collaboration with a global technical partner towards delivering advanced vehicle technology, and capabilities in human capital expansion.

From the Government's standpoint, the national car project is the nation's industrialisation catalyst, to spur the meaningful participation of Malaysians in advanced technology adoption. This will create new opportunities for local vendors and talent to be part of the high technology value chain. Most importantly, local businesses are able to explore activities that are in demand in the future, in a conducive environment, minimising risks associated with high investment when such operations are supplied locally at the infancy stage.

Minister of International Trade

and Industry, YB Datuk Darell Leiking announced DreamEDGE Sdn Bhd as the Malaysian anchor company to deliver the new national car.The announcement was made in DreamEDGE's headquarters in Cyberja.

DreamEDGE has been providing technical and long-term strategic collaboration to support clients within and outside of Japan, with local Malaysian engineers based in Japan. Throughout its 10 year history, it has built a capable internal development team focused on technology innovation, from ideation to prototyping to mass production.

The company has developed the required in-house capabilities and experience to provide end-to-end automotive engineering services, through a skilled workforce capable of offering shorter, accelerated lead times in delivering engineering projects.

DreamEDGE has built experience in various applications through the establishment of multi-vertical

mechanical design and process engineering, cutting across industry verticals including the Oil & Gas, Rail, Defense, Ship Building & Repair and Digital Dentistry, alongside its capabilities in energy efficient vehicle and motorsport research and development.

The company also has developed robotics and augmented reality design capabilities that add value to smart manufacturing for the automotive industry.

As a start, the new national car will take on a new approach of segmenting itself through exclusive models featuring advanced technologies, but are affordable in its offerings to the public.

The new national car will be fully designed and developed by Malaysian engineers, focusing on new upper body, interior and human-machine interface systems, as well as enhancement of noise, vibration & harshness (NVH) and ride & handling (R&H). Daihatsu Motor Company will provide support to DreamEDGE in advanced technology.

Ministry of International Trade & Industry9th August, 2019


MITI Weekly Bulletin | www.miti.gov.my

MALAYSIAN AUTOMOTIVE PARTS AND COMPONENTS EXPORTS ON TRACK TO

MEET 2019 TARGETS52% of exports target achieved ending Q2 2019

While public discussion and reports centres more popularly on vehicle production and new models, Minister of International and Industry, YB Datuk Darell Leiking argues that the manufacturing and export of Malaysian made vehicle parts and components deserves equal attention, to ensure it grows in parallel with top tier vehicle production.

“The manufacturing of vehicle parts and components is of equal importance to the success of the automotive industry, as it creates more business and career opportunities for Malaysians in the high value automotive chain. They are essentially the elements that define the final product”, said YB Datuk Darell.

“The diversity of manufacturing processes, multiplicity of specialisation, and varying levels of complexity (compared to vehicle assembly) make parts and components a key target sector to spur local competencies in science, engineering and technology adoption, particularly among Malaysian SMEs”, he added.

Malaysia’s part and components sector reported a total export of RM6.76 billion in the first half of 2019, achieving 52 percent of its target of RM13 billion set at the beginning of the year.

The sector has shown tremendous growth in exports in the last 5 years, growing from RM4.7 billion in 2014 to RM12.1 billion in 2018.

YB Datuk Darell further emphasised the importance of continuous and holistic growth in the expansion of capacities and capabilities of Malaysian automotive manufacturers as the global markets shift towards new automotive and mobility products and ownership models.

“While MITI is working hard to address concerns among certain quarters of the industry on our readiness to develop high technology products such as autonomous technology, we cannot deny that such disruption will eventually render our current capabilities obsolete in the future.”

“The only way forward is a fully concerted effort from the industry, government and research sectors to devise new solutions to ensure we reach the appropriate levels of compliance to global market demand”

The automotive industry is one of the most diverse sectors in relation to processes and specialisations,

which include engineering disciplines in mechanical, chemical, electronic, materials and information technology. The advances in new powertrain and autonomous driving technology has opened the industry to even more talent and supply chain needs, such as artificial intelligence, advanced telecommunication and nano-engineering.

YB Datuk Darell concluded that businesses should take part in the numerous government programmes to accelerate their capabilities in upstream activities such as product and process design, to ensure they optimised the value derived from parts and component trade and export.

The government has strengthened the capacities of Malaysian parts and components suppliers, particularly in implementing Lean Production Systems (LPS) practices within most production lines of the local automotive chain, through government programmes formulated by the Malaysia Automotive, Robotics and IoT Institute (MARii).

Automotive businesses also now have wider access to training and facilities catered to upstream automotive development processes, such as styling, engineering design, design validation, emissions testing, virtual and augmented reality tools, which are accessible through centres of excellence such as the National Emission Test Centre (NETC) and the MARii Design Centre.

In line with the National Policy on Industry 4.0 (Industry4WRD), MITI has developed readiness and intervention programmes to prepare Malaysian manufacturers for Industry 4.0. Apart from these programmes, MARii - MITI’s agency tasked with enhancing the automotive sector – has developed numerous technologies, human capital and supply chain enhancement programmes that are in line with Industry4WRD.

Ministry of International Trade & Industry7th August, 2019

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Manufacturing Performance, June 2019 M

alay

sia

Stat

isti

cs

Malaysia's manufacturing sales grew 5.3% in June 2019 to RM70.6 billion

Manufacturing Indicators

. .

Sales Value

RM70.6 bil

Salaries & Wages

RM3,977.5 mil

Number ofEmployees

1,082,444 persons

Sales Value Per Employees

RM65,266

5.3% 1.1% 3.1% 4.2%

Performance of Sales in Manufacturing Sector

Note: Percentage refers to y-o-y percentage changeSource: Department of Statistics, Malaysia

8.0% 7.6%

Transport Equipment & Other Manufactures

Food, Bevarages & Tobacco

Textile, Wearing Apparel, Leather & Footwear

Petroleum, Chemical,

Rubber & Plastic

Non-Metallic Mineral Products, Basic Metal &

Fabricated Metal Products

Wood, Furniture, Paper Products & Printing

E&E Products

7.4% 5.8%

5.5%

4.0%

2.2%



Mal

aysi

a St

atis

tics

Trade Performance of Manufactured GoodsJune 2019

Manufactures of MetalRM3.4 bil., 15.7%

Manufactures of MetalRM3.4 bil., 11.7%

E&E ProductsRM28.1 bil., 6.0%

E&E ProductsRM19.0 bil., 10.5%

Petroleum ProductsRM6.1 bil., 2.4%

Petroleum ProductsRM6.6 bil., 2.8%

Chemicals & Chemical ProductsRM4.6 bil., 1.3%

Chemicals & Chemical ProductsRM6.2 bil., 11.3%

Machinery, Equipment & PartsRM3.2 bil., 10.9%

Machinery, Equipment & PartsRM5.4 bil., 16.4%

Top Five Exports

Top Five Imports


RM56.5 bil. 11.3%

RM63.8 bil.5.0%

IMPORTSEXPORTSTotal TradeRM120.3 bil.

8.1%



Mal

aysi

a St

atis

tics

Industrial Production Index (IPI)M

alay

sia

Stat

isti

cs

Natural Gas

E&EProducts

Malaysia's IPI grew by 3.9% in June 2019

manufacturing sector

Electricity, 1.7%

Mining, 4.6% Manufacturing, 3.8%

IPI, 3.9%

Manufacturing

Transport Equipment & Other Manufactures

4.7%

Non-Metallic Mineral Products, Basic Metal & Fabricated Metal Products

5.6%

Food, Bevarages & Tobacco

5.5%

Wood, Furniture,Paper Products

& Printing

4.8%

Electrical & Electronicsproducts

3.9%

Textile, Wearing Apparel, Leather

& Footwear

3.5%

Petroleum, Chemical, Rubber & Plastic

3.0%


mining sector

Crude Oil 7.1

-3.7%

Natural Gas

13.0%



Mal

aysi

a St

atis

tics

Wholesale and Retail Trade, June 2019

Volume index of Wholesale and Retail TradeJune 2019

Sales Value stood at RM112.3 billion in June 2019

Volume index of Wholesale and Retail Trade rOSE 6.4 % IN JUNE 2019



3.79 3.80 3.85

2.40 2.52 2.88

Export Import

Malaysia's Trade with Myanmar, 2008 - 2018

Source: Department of Statistics, Malaysia

272.43

0.93-0.06

Services

Manufacturing

*Others

MYANMAR population in 2017 was 53,370,609 which was 0.71 % of the world's population. It has a density of 82 persons/km2

MYANMAR Population

A Fully Integrated Community

MYANMAR Trade In Services (US$billion)

MYANMAR Gross Domestic Product

GDP by Economic Sector, 2017 (%)

TOTAL GDP: 67,068.7 million

MYANMAR Inflation Rate

Inflation Rate 2011 - 2017 (%)

MYANMAREconomic Indicators

at a Glance

Association of Southeast Asian Nations

MYANMAR Foreign Direct Investment

Net FDI Inflows by Sector, 2017 (US$million)

6.19 6.32 6.73

2.8 2.8

5.7 5.5

10.8

7.0

4.5

0.0

2.0

4.0

6.0

8.0

10.0

12.0

2011 2012 2013 2014 2015 2016 2017

24.1%

35.6%

40.3%

Sources:https://data.aseanstats.org/https://theodora.com/wfbcurrent/laos/laos_economy.htmlhttps://www.worldometers.info/world-population/laos-population/

Note:* include Agriculture, forestry, and fishing, Mining and quarrying

1,04

1.9

723.

1

1,18

0.6

1,71

0.3

2,17

6.4

2,26

0.7

2,63

4.0

3,06

4.8 3,

924.

8

4,13

4.4

2,80

9.6

583.

7

496.

7 732.

4

715.

1

566.

9

624.

3

546.

7

686.

5

824.

1

967.

1

1,23

2.7

1,625.5

4,042.3

0

1,000

2,000

3,000

4,000

5,000

6,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

RM million

Exports Imports Total Trade

2015 2016 2017


WORLD LARGEST EXPORTERS OF BITUMINOUS MASTICS, CUT-BACKS AND OTHER BITUMINOUS MIXTURES BASED ON

NATURAL ASPHALT, ON NATURAL BITUMEN, ON PETROLEUM BITUMEN, ON MINERAL TAR OR ON MINERAL TAR PITCH*

Sources: https://www.trademap.org/index.aspx

1 ChinaUS$397.9m

1MalaysiaUS$410.3m27.4%

2BelarusUS$265.5m17.7%

3SpainUS$104.6m7.0%5

USAUS$84.9m5.7%

4CanadaUS$96.0m6.4%

2 Papua New GuineaUS$2.7m

3 Viet NamUS$2.0m

4 IndiaUS$1.9m 5 Indonesia

US$1.6m

TOP FIVE MALAYSIA EXPORT DESTINATIONS

In 2018, Malaysia’s export of Bituminous mastics, cut-backs and other bituminous mixtures based on natural asphalt, on natural bitumen, on petroleum bitumen, on mineral tar or on mineral tar pitch recorded US$410.3 million with 27.4% share to

the world exports

Notes: -*HS271500 -% refer to share in world exports

Mer

chan

dise

Sta

tist

ics

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



Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

0

20

40

60

80

100

120

140

0

20

40

60

80

100

120

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

icat

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Orig

in

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

Number and Value of Preferential Certificates of Origin (PCOs)

0

1,000

2,000

3,000

4,000

5,000

6,000

0

5,000

10,000

15,000

20,000

25,000

30,00019

May

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

3,000

3,500

0

200

400

600

800

1,000

1,200

1,400

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

ica

te o

f Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

700

800

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

350

0

20

40

60

80

100

120

140

160

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

ica

te o

f Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

1,000

0

100

200

300

400

500

600

700

800

900

1,000

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

ica

te o

f Orig

in

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)




Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

ica

te o

f Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)


0

2

4

6

8

10

12

14

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

ica

te o

f Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

100

200

300

400

500

600

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

100

200

300

400

500

600

700

0

100

200

300

400

500

600

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

ica

te o

f Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

50

100

150

200

250

300

350

400

450

500

0

10

20

30

40

50

60

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

400

0

20

40

60

80

100

120

140

160

180

200

19 M

ay

26 M

ay

2 Ju

ne

9 Ju

ne

16 J

une

23 J

une

30 J

une

7 Ju

ly

14 J

uly

21 J

uly

28 J

uly

4 A

ug

No.

of C

ertif

ica

te o

f Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia



Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2018 - July 2019

US Dollar

Euro

South Korean Won

Pound Sterling

Australian Dollar

Brunei Dollar

3.9578

3.8862

4.1867

4.1244

3.70

3.75

3.80

3.85

3.90

3.95

4.00

4.05

4.10

4.15

4.20

4.25

Jan

Feb

Ma

r

Apr

Ma

y

Jun

Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun

Jul

2018 2019

RM

USD 1 = RM

4.81894.8325

4.6124

4.6316

4.50

4.55

4.60

4.65

4.70

4.75

4.80

4.85

Jan

Feb

Ma

r

Apr

Ma

y

Jun

Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun

Jul

2018 2019

RM

EUR 1 = RM

0.3712 0.3719

0.3507

0.34

0.35

0.35

0.36

0.36

0.37

0.37

0.38

Jan

Feb

Ma

r

Apr

Ma

y

Jun

Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun

Jul

2018 2019

RM

KRW 100 = RM

5.45575.4755

5.1551

4.90

5.00

5.10

5.20

5.30

5.40

5.50

Jan

Feb

Ma

r

Apr

Ma

y

Jun

Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun

Jul

2018 2019RM

GBP 1 = RM

3.1427

2.8834

2.75

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20

Jan

Feb

Ma

r

Apr

Ma

y

Jun

Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun

Jul

2018 2019

RM

AUD 1 = RM

2.9736

2.9452

3.0540

3.0322

2.88

2.90

2.92

2.94

2.96

2.98

3.00

3.02

3.04

3.06

3.08

Jan

Feb

Ma

r

Apr

Ma

y

Jun

Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun

Jul

2018 2019

RM

BND 1 = RM



11.9%*US$54.5

0.5%*US$53.6

7.0%* US$1,444.8

%*US$300.0

(high)

09 August 2019

%*US$280.0

(low)

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.

Commodity Prices

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated

CRUDE PETROLEUM (BRENT) -per bbl-

09 August 2019

CRUDE PALM OIL -per MT-

0.1%*US$507.0

09 August 2019

RUBBER SMR 20 -per MT-

0.9%*US$1,326.5

COCOA SMC 2 -per MT-

COAL -per MT-

SUGAR -per lbs-

1.3%*US$11.9

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest2018/2019

17 May 2019 : US$72.2

4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2

Lowest2018/2019

9 Mar 2018 : US$691.5

Highest2018/2019

22 Feb 2019 : US$567.0

26 July 2019 : US$488.5 23 Nov 2018 : US$448.5

Lowest2018/2019

Average Price 2018 i : US$71.5 Average Price 2018 i : US$600.1

Average Price 2018 i : US$1,371.0 Average Price 2018 i : US$1,535.6 Average Price 2018 i : US¢12.3

Average Price 2018 i : US$380.7 (high)Average Price 2018 i : US$359.6 (low)Average Price 2018 i : US$66.9

Domestic Prices09 August 2019

Steel Bars(per MT)

RM2,060– RM2,210

Billets(per MT)

RM1,850 - RM2,050

09 August 2019 09 August 2019 09 August 2019

09 August 2019



Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

1,598.11,590.4

1,569.1

1,649.3

1,620.51,605.5

1,614.11,623.3

1,606.0

1,620.1

1,552.7

1,444.8

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

24 May 31 May 7 June 14 June21 June28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug

US$/

mt

Cocoa

2,390

2,387

2,409

2,445

2,4672,472 2,475

2,490

2,438

2,379

2,359

2,341

2,250.0

2,300.0

2,350.0

2,400.0

2,450.0

2,500.0

2,550.0

24 May31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug

US$

/mt

Pepper

1,539.51,555.0

1,570.5

1,548.0

1,497.5

1,482.0

1,456.0

1,402.5

1,425.5 1,424.0

1,315.0

1,326.5

1,300

1,350

1,400

1,450

1,500

1,550

1,600

24 May 31 May 7 June 14 June 21 June 28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug

US$

/mt

Rubber SMR 20

58.6

53.5 54.052.5

57.4 57.5 57.5

60.2

55.6 56.2 55.7

58.5

68.7

64.563.3

62.0

65.266.6

64.2

66.7

62.563.5

61.9

54.5

40

45

50

55

60

65

70

75


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

516.5

503.0

506.5 506.5

491.5

502.5

505.5

498.5

489.5 488.5

506.5507.0

485

490

495

500

505

510

515

520


US$

/mt

Crude Palm Oil

11.7

12.1

12.5

12.9

12.5

12.6

12.4 12.3

11.6

12.0

12.0

11.9

11.5

11.7

11.9

12.1

12.3

12.5

12.7

12.9

13.1


US¢

/lbs

Sugar



14.6 14.6

15.0

14.8

15.3 15.3

15.0

15.3

16.2

16.4 16.3

16.9

14.2

14.7

15.2

15.7

16.2

16.7

17.2


US$

/oz

Silver

41.2 41.7

43.1 43.4

44.9 45.3

44.7

45.3

46.3

45.7

46.4

48.2

40.0

41.0

42.0

43.0

44.0

45.0

46.0

47.0

48.0

49.0


US

$/g

Gold

Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

2,18

2

2,06

9

2,25

5 2,30

0

2,23

8

2,08

2

2,05

2

2,02

6

2,03

0

1,93

9

1,92

0

1,85

4

1,86

3

1,87

1

1,84

5

1,78

1

1,75

6

1,79

7

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

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

2018 2019

US$

/ to

nn

e

Aluminium

7,00

7

6,79

9

6,85

2

6,82

5

6,96

6

6,25

1

6,05

1

6,05

1 6,22

0

6,19

6

6,07

5

5,93

9

6,30

0 6,43

9

6,43

8

6,01

8

5,88

2

5,94

1

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2018 2019

US$

/ to

nne

Copper

13,5

96

13,3

93

13,9

38

14,3

66 15

,106

13,7

94

13,4

11

12,5

10

12,3

15

11,2

40

10,8

35 11

,523

12,6

85

13,0

26

12,7

73

12,0

16

11,9

44

13,5

46

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000


2018 2019

US$

/ to

nne

Nickel

Commodity Price Trends

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56

67

.15

68

.44 7

3.4

1

73

.26

69

.15

76

.16

88

.22

86

.47

93

.70 1

00

.15 1

08

.94

12

0.2

4

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0


2018 2019

US

$/d

mtu

Iron Ore

802.9

794.2

806.1 804.7

811.0

841.1

811.4

834.6

852.1

867.8

853.0

863.8

790.0

800.0

810.0

820.0

830.0

840.0

850.0

860.0

870.0

880.0


US

$/o

z

Platinum

350.0

320.0

330.0 330.0 330.0 330.0

320.0

350.0

320.0 320.0 320.0 320.0

300.0 300.0

330.0

280.0

290.0 290.0 290.0

300.0

290.0

330.0

290.0 290.0 290.0 290.0

280.0 280.0

250

270

290

310

330

350

370

10 May17 May24 May31 May 7 June 14 June21 June28 June 5 July 12 July 19 July 26 July 2 Aug 9 Aug

US

$/m

t

Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)

55.6 55.6 55.6

54.6 54.654.3

54.1 54.1 53.8 53.8 53.853.6

50.0

51.0

52.0

53.0

54.0

55.0

56.0

57.0

58.0

59.0

60.0


US

$/t

Coal



MIT

I PR

OG

RAM

MES

ANNOUNCEMENT ON THE NEW NATIONAL CAR BY MITI MINISTER 9 AUGUST 2019



MIT

I PR

OG

RAM

MES

MITI MINISTER LED THE FLAG RAISING CEREMONY IN CONJUNCTION WITH THE 52ND ASEAN DAY AT MINISTRY OF FOREIGN AFFAIRS

8 AUGUST 2019

8 AUGUST 2019 25 July 2019



MIT

I PR

OG

RAM

MES

PERHIMPUNAN BULANAN MITI BERSAMA AGENSI6 OGOS 2019



Approved Permit - is an import and export license issued by the Permit Issuing Agencies (PIAs) based on the Customs Act 1967.

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

DET:

Certificate of Origin - Means a document issues by the Issuing Authority specifies the details of the origin of the goods or materials.

C00:

ECR:Export Credit Refinancing - Scheme is another credit facility to finance exports. This scheme was launched nationwide by Bank Negara Malaysia (BNM) in 1989. BNM has made available the pre-shipment and post-shipment ECR facilities through commercial banks. Currently the role of BNM has been taken over by Exim Bank.

Exclusion List- Products which are excluded from any commitments of liberalisation.

EL:

Economic Committee - works to remove structural and regulatory obstacles that inhibit cross-border trade and investment that are created by behind-the-borders barriers. Promotes structural reform within APEC which consists of improvements made to institutional frameworks, regulations and government policies so that the efficient functioning of markets is supported, and behind-the-border barriers are reduced.

EC:

EEV:Energy Efficient Vehicle - are vehicles that meet a set of define specification in terms of carbon emission level (g/km) and fuel consumption (l/100km ) and include fuel efficient vehicles, hybrid, EV and alternatively fuelled vehicles e.g LPG, Biodiesel, Ethanol, Hydrogen and Fuel Cell.

ECOTECH:Economic and technical cooperation - one of the three cooperative pillars of APEC, ECOTECH involves capacity building and information sharing activities. The objective is to help members, particularly developing economies, benefit from the liberalization process, while narrowing the gap among the diverse economies of the APEC region. Current ECOTECH medium-term priorities include: regional economic integration; addressing the social dimension of globalisation (inclusive growth); safeguarding the quality of life through sustainable growth; structural reform; and human security.

G L O S S A RYSource: http://www.miti.gov.my /index.php/glossary

Documentary Bills for Collection - is a service provided by banks whereby the exporter having shipped the goods, delivers the documents to his bank (Remitting Bank) with instructions to have the documents presented to the importer through a Collecting Bank in the country of the importer.

DBC:

Change in Tariff Classification - Used to specify that a product has been undergone a process and the change at 4-digit level.

CTC:

DGTA:Directorate General of Technical Airworthiness - is a government agency under the Ministry of Defence responsible for regulating the technical airworthiness of stateregistered aircraft.

Committee on Trade and Investment - mandated to act as a coordinator of APEC in trade and investment liberalization and facilitation, CTI oversees eight sub-groups and three industry dialogues in implementing cooperative actions outlined in the Osaka Action Agenda (OAA). Established in 1993 based on the Declaration on an APEC Trade and Investment Framework aimed at strengthening economic activities and promoting the flow of goods and services between APEC member economies.

CTI:

Env ironmenta l l y H a z a r d o u s Substances - is a substance that is included in the EHS reference list, or if not in the list, must be assigned a hazard category under the GHS classification scheme.

EHS:

Duty Free Quota Free - Special treatment accorded to LDCs where by developed countries will allow DFQF access for products from LDCs.

DFQF:


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All yo

u ne

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o kn

ow...


All yo

u ne

ed t

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ow...

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202




ANNO

UNCEM

ENTS

ANNO

UNCEM

ENTS

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/naico

For more information, kindly click the following links:https://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Notice_for_

Application_of_Personal_Vehicle_Import_License_(AP)_(15072019)_BI.pdf

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/5539



ANNO

UNCEM

ENTS

For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf

NO DATE VENUE TOPIC

1 22 August (Thursday)

MITI HQ (SEMINAR 1) Introduction

to FTA & Preferential Certificate of Origin (PCO)

2 19 September (Thursday) MITI PERAK

3 17 October (Thursday)

MITI HQ (SEMINAR 1)

4 14 November (Thursday)

MITI KELANTAN

Tentative Schedule for MITI Pocket Talks 2019

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/aki?mid=535


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

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MITI @ Your Service

Marweena MananDirector

DIGITAL ECONOMY

Mohd Rafizal RahimSENIOR PRINCIPAL ASST. Director

Shahreen AliasSENIOR ASST. Director

Haddijah HussianOPERATIONAL ASST.

Ahmad Faizan HasimADMINISTRATIVE ASST.

Elleney Merynda WasliPRINCIPAL ASST. Director

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