Post on 04-Apr-2019
1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Assalamualaikum Warahmatullahi Wabarakatuh
Pada keluaran MITI Weekly Bulletin ke-489 ini ingin kami memanjat setinggi kesyukuran ke hadrat Allah S.W.T kerana dengan limpah dan izinNya kita masih dipertemukan dengan Ramadan 1439H. Alhamdulillah dengan kesihatan yang dikurniakan serta rezeki yang diberkati, kita berjaya menunaikan ibadah puasa dengan sempurna.
Sebagai seorang muslim, perintah ibadah puasa yang wajib untuk dilakukan pada bulan Ramadan adalah di dalam Surah Al-Baqarah ayat 183: “Hai orang-orang yang beriman, diwajibkan atas kamu berpuasa sebagaimana diwajibkan atas orang-orang sebelum kamu agar kamu bertaqwa.”
Manakala Hadith Rasullullah s.a.w telah menyebut “Rasulullah saw. bersabda, ‘Islam dibangun di atas lima (landasan); persaksian tidak ada ilah selain Allah dan sesungguhnya Muhammad utusan Allah, mendirikan shalat, menunaikan zakat, haji dan puasa Ramadan,'” (H.R. Bukhari / H.R. Muslim / Tirmidzi / Nasa’i / Ahmad). Sesungguhnya, seorang yang bertaqwa adalah mereka yang menunaikan kewajipan seperti mana yang telah ditulis di dalam Al Quran serta dinyatakan melalui Hadith Rasullulah s.a.w.
Malaysia adalah negara yang ditubuhkan melalui Perlembagaan dan Undang-undang yang digubal untuk memastikan kerajaan yang memerintah berlaku adil kepada rakyatnya. Hak kehidupan rakyat turut dibela agar keharmonian serta kesejahteraan di Malaysia kekal utuh. Sehubungan itu kerajaan yang memerintah wajib mengekalkan 'rule of law' di dalam pemerintahan negara agar kehidupan serta kesejahteraan rakyat dipelihara secara saksama.
Usai Ramadan melabuhkan tirainya, InshaAllah pada tanggal 1 Syawal 1439H, umat Islam di serata dunia akan menyambut Hari Raya Aidilfitri atau Id Mubarak. Kemeriahan Aidilfitri ini amat bermakna untuk rakyat Malaysia kerana ia merupakan manifestasi rakyat majmuk yang bersatu di negara ini. Melalui pembentukan kerajaan yang ada kini, Malaysia diharap akan menjadi rujukan dunia melalui penyatuan rakyatnya yang terdiri dari pelbagai etnik di samping perkongsian kekayaan ekonomi yang adil.
Mengambil contoh Rasulullah s.a.w, baginda sentiasa memaafkan sesiapa saja yang mengganggu dan menyakiti peribadinya. Maka, adalah menjadi satu kemuliaan untuk saling bermaafan di antara kita serta bekerjasama untuk meneruskan pembangunan dan melakar masa hadapan Malaysia yang lebih gemilang. Semoga di Aidilfitri ini, seluruh warga Malaysia dapat meraikannya dengan bersederhana namun tetap meriah di samping keluarga dan rakan taulan tersayang.
Akhir kalam, selamat berhari raya kami ucapkan kepada seluruh rakyat Malaysia dan semoga selamat dalam perjalanan ke destinasi masing-masing. Sekali lagi warga Kementerian ingin mengambil kesempatan ini untuk mengucapkan Selamat Hari Raya Aidilfitri, Maaf Zahir dan Batin.
Kementerian Perdagangan Antarabangsa dan Industri (MITI)
Kementerian Perdagangan Antarabangsa & Industri
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
Manufacturing Performance January-April 2018
Source: Department of Statistics, MalaysiaNotes: % refers to year-on-year change 1 data for month of April only
10.4%
RM266.9bExports Imports Total Trade
3.1%
RM239.7b
6.8%
RM474.3b
Jan-Apr 2018
Jan-Apr 2017 Jan-Apr 2017 Jan-Apr 2017 Apr 2017
6.9%
Sales Value
Number of
Employees
Salaries&
Wages
SalesValue PerEmployee1
RM264.0b 1,069,410 persons RM15.2b RM61,226
2.1% 5.0% 6.0%
RM247.0b 1,047,310 persons RM13.4b RM57,757
Trade in Manufacturing
Manufacturing Indicators
Industrial Production Index
Jan-Apr 2016
IPI Mining Manufacturing Electricity
4.0%0.5% 5.3% 4.4%109.0
101.8 111.4 111.4
Jan-Apr 2017104.8
Jan-Apr 2017101.3
Jan-Apr 2017105.9
Jan-Apr 2017106.8
MALAYSIA
Source: MITI
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
Manufacturing Performance January-April 2018
(14.2%)RM120.0b
ImportsExports
Trade in Manufacturing
Sales
Manufacturing Index
E&E Products
(2.0%)RM23.8bPetroleum Products
(15.7%)RM18.0bChemicals & Chemical Products
(3.5%)RM82.1bE&E Products
(12.7%)RM26.3bPetroleum Products
(5.8%)RM25.4bChemicals & Chemical Products
(34.8%)RM92.0bE&E
(28.4%)RM74.9bChemicals
(7.3%)RM19.3bMetal
Employment
(31.3%)334,579 personsE&E
(12.4%)Chemical
(9.2%)Metal
132,270 persons
98,352 persons
(18.0#)110.0Chemical
(14.5#)
(5.4#)Metal
111.8
110.9
E&E
Source: MITI
Note: % is share to total # industry weight
Manufacturing Performance by major Industries
January-April 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.myMITI Weekly Bulletin | www.miti.gov.my
Malaysia was the Largest Exporter of Bituminous mastics, cut-backs and other bituminous mixtures based on natural asphalt in 2017
International Report
Note : Refers to HS271500Source:http://www.trademap.org/Index.aspx
Malaysia’s Top Five Export Destinations for Bituminous mastics, cut-backs and other
bituminous mixtures based on natural asphalt
61.3%
Malaysia
US$1,477.7m10.3%
Russia
US$248.4m4.0%
USA
US$96.0m
3.0%
Canada
US$72.3m3.0%
Germany
US$72.0m
ChinaUS$1,470.9 mil.
99.5% share
1
0.1% share
Viet NamUS$1.9 mil.
2
0.1% share
IndonesiaUS$1.4 mil.
3
0.1% share
SingaporeUS$1.3 mil.
4
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 ReportQS World University Rankings 2019
Massachusetts Institute of Technology (MIT), USA
Stanford University, USA
Havard University, USA
California Institute of Technology (Caltech), USA
University of Oxford, UK
University of Cambridge, UK
ETH Zurich - Swiss Federal Institute of Technology,Switzerland
Imperial College London, UK
University of Chicago, USA
University College London (UCL), UK
Malaysia in QS World University Rankings 2019
University of Malaya Rank 114 in 2018
Universiti Kebangsaan Malaysia Rank 230 in 2018
Source:https://www.topuniversities.com/university-rankings/world-university-rankings/2019
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.myMITI Weekly Bulletin | www.miti.gov.my
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
5
10
15
20
25
30
35
40
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,00018
mar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
3,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
1,600
0
500
1,000
1,500
2,000
2,500
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
140
160
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
50
100
150
200
250
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
0
20
40
60
80
100
120
140
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
350
400
450
500
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
10
20
30
40
50
60
70
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
70
80
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
20
40
60
80
100
120
140
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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
400
18 m
ar
25 M
ar
1 A
pr
8 A
pr
15 A
pr
22 A
pr
29 A
pr
6 M
ay
13 M
ay
20 M
ay
27 M
ay
3 Ju
n
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 - May 2018
US Dollar
Euro
South Korean Won
Pound Sterling
Australian Dollar
Brunei Dollar
4.4596
3.8862
3.9644
3.50
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
RM
USD 1 = RM
4.7389
5.0606
4.6876
4.50
4.60
4.70
4.80
4.90
5.00
5.10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
RM
EUR 1 = RM
0.3778
0.3915
0.3621
0.3681
0.35
0.35
0.36
0.36
0.37
0.37
0.38
0.38
0.39
0.39
0.40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
RM
KRW 100 = RM
5.4963
5.6062
5.3408
5.20
5.25
5.30
5.35
5.40
5.45
5.50
5.55
5.60
5.65
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018RM
GBP 1 = RM
3.3241
3.4124
2.9874
2.70
2.80
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 Mar Apr May
2017 2018
RM
AUD 1 = RM
3.1214
3.1583
2.9452
2.9771
2.80
2.85
2.90
2.95
3.00
3.05
3.10
3.15
3.20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
RM
BND 1 = 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
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 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 PricesCRUDE PETROLEUM (BRENT)
-per bbl-8 June 2018 : US$76.5, 0.4%*Average Pricei : 2017: US$55.0 2016: US$45.3
CRUDE PALM OIL-per MT-
8 June 2018 : US$662.0, 0.7%*Average Pricei : 2017: US$719.7 2016: US$702.2
RUBBER SMR 20-per MT-
8 June 2018 : US$1,424.0, 0.04%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-8 June 2018 : US$61.0, 0.3%*Average Pricei : 2017: US$57.2 2016: US$45.6
COCOA SMC 2-per MT-
8 June 2018 : US$1,506.4, 8.4%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS-per MT-
8 June 2018 :US$370.0(high), 5.7%* US$350.0 low), 2.9%* Average Pricei : 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest 18 May 2018 : US$78.5 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 11 May 2018 : US$641.5
Crude Palm Oil -per MT-
Domestic Prices8 June 2018
Steel Bars(per MT)
RM2,350 – RM2,500
Billets(per MT)
RM2,100 – RM2,300
SUGAR -per lbs-8 June 2018 :US¢12.5, unchanged*Average Pricei : 2017: US¢15.8 2016: US¢18.2
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MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
676.0 677.0675.8
674.5
665.5
654.0
641.7 641.5
655.0
663.0
666.5
662.0
620
630
640
650
660
670
680
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US$
/mt
Crude Palm Oil
1,699.51,719.2
1,672.5
1,662.6
1,849.91,888.0
1,918.9 1,915.5
1,785.3
1,744.3
1,644.3
1,506.4
1,200
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 8May 18May 25May 1June 8June
US$
/mt
Cocoa
12.6
12.4 12.312.2
11.9
11.5 11.5
11.2
11.7
12.512.5 12.5
10.0
10.5
11.0
11.5
12.0
12.5
13.0
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US¢
/lbs
Sugar
1,361.5
1,384.5
1,353.0
1,398.5
1,425.5
1,388.5
1,438.5 1,435.51,431.5
1,457.0
1,424.5 1,424.0
1,300
1,320
1,340
1,360
1,380
1,400
1,420
1,440
1,460
1,480
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 8May 18May25May 1June 8June
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
65.964.9
62.1
67.4 67.468.1
69.770.7
71.3
67.9
65.8 65.7
70.5 70.3
67.1
72.6
74.174.6 74.9
77.178.5
76.4 76.8 76.5
50
55
60
65
70
75
80
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US$
/bbl
Crude Petroleum
CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl
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, World Gold Council, The Wall Street Journal.
63.0
60.8
59.2 59.258.9
56.6 56.6 56.6
58.3
59.6
61.2 61.0
52.0
54.0
56.0
58.0
60.0
62.0
64.0
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US$
/t
Coal
1,79
1 1,86
1
1,90
1
1,92
1
1,91
3
1,88
5
1,90
3
2,03
0 2,09
6
2,13
1
2,09
7
2,08
0
2,21
0
2,18
2
2,06
9
2,25
5 2,30
0
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$
/ to
nn
e
Aluminium
5,75
5 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
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
2017 2018
US$
/ to
nn
e
Copper
9,97
1 10,6
43
10,2
05
9,60
9
9,15
5
8,93
2 9,49
1
10,890
11,2
16
11,3
36 11,972
11,495
12,865
13,596
13,393
13,938
14,3
66
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$
/ to
nn
e
Nickel
410.0 410.0
400.0
380.0 380.0
350.0 350.0 350.0 350.0 350.0 350.0
370.0
395.0 395.0
385.0
350.0
340.0
330.0 330.0 330.0 330.0
340.0 340.0
350.0
300
320
340
360
380
400
420
23Mar 30Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US$
/mt
Scrap Iron
ScrapIron/MT(High)ScrapIron/MT(Low)
80.41
89.44
87.65
70.22
62.43
57.48
67.74
76.07
71.53
61.66
64.24
72.25 76.34
77.46
70.35
65.75
66.10
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
2017 2018
US$
/dm
tu
Iron Ore
43.3
42.642.7
43.1
43.4
42.5
42.342.4
41.5
41.942.0
41.7
40.5
41.0
41.5
42.0
42.5
43.0
43.5
44.0
23Mar 30Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US$
/oz
Gold
16.7
16.3
16.5 16.5
17.2
16.6
16.5
16.8
16.516.6
16.5
16.8
15.8
16.0
16.2
16.4
16.6
16.8
17.0
17.2
17.4
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US$
/oz
Silver
960.0
939.0
913.0
929
936.0
914.0
904.0
929.0
888.0
912.0906.0 904.0
840.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
23Mar 29Mar 6Apr 13Apr 20Apr 27Apr 4May 11May 18May 25May 1June 8June
US$
/oz
Platinum
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
Source: http://www.miti.gov.my/index.php/glossary
of Technical TermsInternational Payment MethodsCash in Advance:
• Time of Payment : Before Shipment • Goods Available to Buyer : After Payment
Open Account:
• Time of Payment : As agreed; e.g.: 30 days• Goods Available to Buyer : Before Payment
Letters of Credit (L/Cs) are legal instruments issued by banks (on behalf of their customers) with the conditional obligation to make payment to the beneficiary of the L/C:
• Documentary (Trade) Letters of Credit are used to facilitate payments in import and export transactions• Standby Letters of Credit are “standing by” for an event of default or non-performance before they can be drawn on.
Invisible tradeExports and imports of things you cannot touch or see: services, such as banking or advertising and other intangibles, such as copyrights. Invisible trade accounts for a growing slice of the value of world trade.
IoTInternet of Things - System of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
IPIIndustrial Production Index - The industrial production index measures the change in output in Malaysian manufacturing, mining, construction, and electricity, gas and water. Output refers to the physical quantity of goods produced, unlike sales value, which combines quantity and price. The index covers the production of goods and power for domestic sales in Malaysia and for export. It excludes production in the agriculture, transportation, communications, trade, finance, and service industries, government, and imports.
ITAInformation Technology Agreement - Tariff liberalization arrangement negotiated in the WTO on elimination of import duties on IT products.
J-curveThe shape of the trend of a country’s trade balance following a devaluation. A lower exchange rate initially means cheaper exports and more expensive imports, making the current account worse (a bigger deficit or smaller surplus). After a while, though, the volume of exports will start to rise because of their lower price to foreign buyers, and domestic consumers will buy fewer of the costlier imports. Eventually, the trade balance will improve on what it was before the devaluation. If there is a currency appreciation there may be an inverted J-curve.
JPC 3Jawatankuasa Pengecualian Cukai Besi Keluli - A committee chaired by MITI and representatives from MOF, MIDA and Customs that evaluates and determines import duty exemption applications for raw materials of iron and steel products.
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
of Technical Terms
Announcement
Tentative Schedule for MITI Pocket Talk 2018No. Date Venue Topic
1 18-Jul MITI Kelantan • Introduction to FTA & Preferential Certificate of Origin (PCO)
2 8-Aug MITI HQ • Introduction Preferential Certificate of Origin (PCO)• Updates on RCEP
3 15-Aug MITI Perak • Introduction to FTA & Preferential Certificate of Origin (PCO)
4 19-Sep MITI Pahang • Introduction to FTA & Preferential Certificate of Origin (PCO)
5 17-Oct MITI HQ • Introduction to FTA & Preferential Certificate of Origin (PCO)
6 14-Nov MITI Sabah • Introduction to FTA & Preferential Certificate of Origin (PCO)
7 5-Dec MITI HQ • Introduction to FTA & Preferential Certificate of Origin (PCO)
8 12-Dec MITI Sarawak • Introduction to FTA & Preferential Certificate of Origin (PCO)
Please click here to register
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
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
Dear Valued Customer,
In conjunction with the Eid Al-Fitr celebration, MITI services as follows will be closed:
The ePCO, ePERMIT and TFIS Systems• 13 June 2018 (Wednesday) from 1.00 p.m• 14 June 2018 (Thursday) until 18 June 2018 (Monday)
System will resume operation on 19 June 2018 (Tuesday, 8.00 a.m)
The Business Advisory Centre (BAC) and Customer Service Counter at MITI Kuala Lumpur• 14 June 2018 (Thursday) until 19 June 2018 (Tuesday)
BAC and service counter will resume operation on 20 June 2018 (Wednesday)
For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761
CALLING INTERESTED APPLICANTS TO APPLY FOR GRANT UNDER RMK-11
HIGH VALUE ADDED COMPLEX PRODUCT DEVELOPMENT PROGRAMME (PDP) AND
MARKET DEVELOPMENT PROGRAMME (MDP)
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MITI Weekly Bulletin | www.miti.gov.my
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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
MITI Weekly Bulletin Editorial Committee Wishes Happy Eid al-Fitr
1439H/2018M
To all our readers...