Weekly BULLETIN - miti.gov.my Weekly Bulletin/MITI_Weekly... · a ‘final push’ on services as...

20
1 MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 VOLUME 536 MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY Weekly BULLETIN 21 May 2019 | NO. ISSN : 2180-0448 Media Release ASIA-PACIFIC ECONOMIC COOPERATION (APEC) 2019 25 th APEC MINISTERS RESPONSIBLE FOR TRADE (MRT) MEETING The 25 th Asia Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) Meeting was held on 17 and 18 May 2019 in the port city of Valparaiso, Chile. All 21 APEC Economies attended the Meeting, namely Australia, Brunei, Canada, Chile, China, Hong Kong China, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Viet Nam. Representatives from the ASEAN Secretariat, Pacific Economic Cooperation Council (PECC) and The Pacific Island Forum (PIF) also attended the Meeting as observers, together with the APEC Business Advisory Council (ABAC). The Malaysian Delegation was led by YB Datuk Darrell Leiking, Minister of International Trade and Industry. The meeting was chaired by Hon. Roberto Ampuero, Minister of Foreign Affairs of Chile. Chile, as host, has chosen “Connecting People, Building the Future” as the theme of APEC throughout 2019. Ministers deliberated their ideas in regards to APEC’s supports to the WTO, deepening regional economic integration in responding to opportunities and challenges emerged from the Fourth Industrial Revolution, the need to take concrete actions in implementing Bogor Goals which will expire in 2020, future of APEC post-2020, as well as strengthening inclusive and sustainable growth in the digital era. Responding to the video reporting on the updates of the WTO from Mr. Roberto Azevedo, Director-General of the WTO, Ministers in principle agreed that APEC has an important role to play in support of the Multilateral Trading System instituted by the WTO. Ministers also call on the WTO to modernise its rules to adapt to the current global trade environment, while to resolve its prolonged operational issues. YB Minister emphasised that Malaysia continues to support the WTO. He also stressed that while reform is crucial to ensure its relevance to modern times, WTO must be able to provide an effective platform for developing Economies like Malaysia to ensure their trading interests are taken care of. In deepening the regional economic integration agenda of APEC, Ministers agreed that information sharing and capacity-building need to be strengthened in APEC through the implementation of the Lima Declaration of the Free Trade Area of the Asia Pacific (FTAAP), in preparing member Economies to embark in high standard Free Trade Agreements (FTAs). Capacity-building efforts should give emphasis on next generation trade and investment issues such as digital trade and e-commerce, while intensifying work on traditional trade issues including Non-Tariff Measures (NTMs), Rules of Origin (ROO), services and investment. In embracing the Fourth Industrial Revolution, Ministers discussed the need for Economies to provide inclusive and people-centred policies to ensure everyone reaps the opportunities and benefits that arise, while efforts to strengthen regional connectivity in the three pillars of connectivity must be enhanced for a seamless and interconnected Asia-Pacific. Ministers also agreed for APEC to continue working on unfinished business to meet the targets of Bogor Goals. In accelerating the momentum, Ministers welcomed Chile’s proposal for APEC to make a ‘final push’ on services as part of achieving the Bogor Goals, building from the areas identified in the APEC Services Competitiveness Roadmap.

Transcript of Weekly BULLETIN - miti.gov.my Weekly Bulletin/MITI_Weekly... · a ‘final push’ on services as...

Page 1: Weekly BULLETIN - miti.gov.my Weekly Bulletin/MITI_Weekly... · a ‘final push’ on services as part of achieving the Bogor Goals, building from the areas identified in the APEC

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

VOLUME 536

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N21 May 2019 | NO. ISSN : 2180-0448

Med

ia R

elea

se

ASIA-PACIFIC ECONOMIC COOPERATION (APEC) 201925th APEC MINISTERS RESPONSIBLE FOR TRADE (MRT) MEETING

The 25th Asia Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT) Meeting was held on 17 and 18 May 2019 in the port city of Valparaiso, Chile. All 21 APEC Economies attended the Meeting, namely Australia, Brunei, Canada, Chile, China, Hong Kong China, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, Chinese Taipei, Thailand, the United States and Viet Nam. Representatives from the ASEAN Secretariat, Pacific Economic Cooperation Council (PECC) and The Pacific

Island Forum (PIF) also attended the Meeting as observers, together with the APEC Business Advisory Council (ABAC). The Malaysian Delegation was led by YB Datuk Darrell Leiking, Minister of International Trade and Industry. The meeting was chaired by Hon. Roberto Ampuero, Minister of Foreign Affairs of Chile.

Chile, as host, has chosen “Connecting People, Building the Future” as the theme of APEC throughout 2019. Ministers deliberated their ideas in regards to APEC’s supports to the WTO, deepening regional economic integration in responding to opportunities and challenges emerged from the Fourth Industrial Revolution, the need to take concrete actions in implementing Bogor Goals which will expire in 2020, future of APEC post-2020, as well as strengthening inclusive and sustainable growth in the digital era.

Responding to the video reporting on the updates of the WTO from Mr. Roberto Azevedo, Director-General of the WTO, Ministers in principle agreed that APEC has an important role to play in support of the Multilateral Trading System instituted by the WTO. Ministers also call on the WTO to modernise its rules to adapt to the current global trade environment, while to resolve its prolonged operational issues.

YB Minister emphasised that Malaysia continues to support the WTO. He also stressed that while reform is crucial to ensure its relevance to modern times, WTO must be able to provide an effective platform for developing Economies like Malaysia to ensure their trading interests are taken care of.

In deepening the regional economic integration agenda of APEC, Ministers agreed that information sharing and capacity-building need to be strengthened in APEC through the implementation of the Lima Declaration of the Free Trade Area of the Asia Pacific (FTAAP), in preparing member Economies to embark in high standard Free Trade Agreements (FTAs). Capacity-building efforts should give emphasis on next generation trade and investment issues such as digital trade and e-commerce, while intensifying work on traditional trade issues including Non-Tariff Measures (NTMs), Rules of Origin (ROO), services and investment.

In embracing the Fourth Industrial Revolution, Ministers discussed the need for Economies to provide inclusive and people-centred policies to ensure everyone reaps the opportunities and benefits that arise, while efforts to strengthen regional connectivity in the three pillars of connectivity must be enhanced for a seamless and interconnected Asia-Pacific. Ministers also agreed for APEC to continue working on unfinished business to meet the targets of Bogor Goals. In accelerating the momentum, Ministers welcomed Chile’s proposal for APEC to make a ‘final push’ on services as part of achieving the Bogor Goals, building from the areas identified in the APEC Services Competitiveness Roadmap.

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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

YB Minister stressed that digital economy is an immediate priority area that needs to be focused on through intensified efforts in facilitating cross-border e-commerce. YB Minister also emphasised that APEC must start to envision its way forward post-Bogor Goals. He also added that, “it is time to humanise APEC, and Malaysia looks forward to take on this specific task as the host of APEC in 2020, with a focus to advance economic development in the Region, in tandem with the socio-economic well-being of its citizens.”

Ministers also shared views on how to harness the benefit of the digital transformation, policies for enabling inclusive growth, focusing on women and SMEs, as well as efforts in fostering sustainable growth through potential collaboration in addressing marine debris and illegal, unreported and unregulated (IUU) fishing. They agreed to foster collaborations towards finalisation of the respective APEC Roadmaps on Women and Inclusive Growth, IUU Fishing and Marine Debris.

In embracing digital transformation, YB Minister urged for APEC to quickly grab the opportunity to spearhead substantive work on digital economy to become rule-makers, or risk being left behind as the rule-takers in this area. YB Minister also joined others to support Chile’s proposal on the Roadmap on Women and Inclusive Growth which will complement Malaysia’s domestic efforts in empowering women in the economy, as well as expressed Malaysia’s support on potential work in addressing marine debris and IUU fishing.

At the end of the meeting, APEC succeeded in reaching consensus to issue a MRT Statement that reaffirms APEC’s support on the multilateral trading system, strengthening collective efforts in deepening regional economic integration, as well as working towards achieving deliverables of APEC Chile 2019 which includes women, SMEs and inclusive growth, integrating APEC into IR4.0, developing digital society, and ensuring sustainable growth in the region. After a lapse of consensus since 2015, this is an achievement among member Economies in putting aside their differences to reach to a consensus Statement, and sending a positive signal on APEC’s support to the Multilateral Trading System.

Ministry of International Trade & Industry 20 May 2019

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3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Mal

aysi

a St

atis

tics

Mal

aysi

a St

atis

tics

Source: Department of Statistics, Malaysia

Notes: % refers to Year on Year change%** refers to share to GDP

Malaysia's economy growth was 4.5% in Q1 2019

Malaysia Economic Performance, Q1 2019

RM341.7 billion

RM361.9 billion

RM43,086

GDP at constant 2010 prices

GDP at current prices

GNI per capita at current prices

ProductionServices, manufacturing and agriculture sectors anchored the Malaysian economy

ExpenditureServices, manufacturing and agriculture sectors anchored the Malaysian economy

Services6.4%

57.0%**

Manufacturing4.2%

22.1%**

Agriculture5.6%

7.2%**

Construction0.3%

4.9%**

Mining&Quarrying2.1%

7.6%**

GDP at Constant Prices (RM billion)

Growth rate (%)

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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

Mal

aysi

a St

atis

tics

Source:Department of Statistics, Malaysia

Balance of Payment, Q1 2019

Current Account Goods

Services

DefisitRM1.8b

Primary income

DeficitRM10.1b

DefisitRM5.5b

Secondry income

Financial Account

Direct Investment Portfolio investment

Net inflowRM10.5

Net OutflowRM10.5

Financial Derivatives

Net outflowRM0.2b

Net outflowRM31.6b

Other Investment

Malaysia registered a higher current account surplus of RM16.4

billion in Q1 2019 which was the largest surplus since Q1 2014 at

RM19.8 billion

Net inflowRM16.3b

Net inflowRM2.1b

FDI & DIA Performance

-+

--

Q1-17 Q2-17 Q3-17 Q4-17 Q1-18 Q2-18 Q1-19Q3-18 Q4-18

SurplusRM33.8b

Current Account Balance (RM billion)

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Inte

rnat

iona

l St

atis

tics

Viet Nam Economic Indicators 201795.5million P o p u l a t i o n

1.0% annualG r o w t h r a t e

40.9% Employment in Agriculture

25.1% Employment in Industry

34.1% Employment in Services

US$175.3 bil l ionGDP at constant prices

6.8% annualG r o w t h r a t e

US$14.1billion

F D I F l o w InwardF D I F l o w Outward

US$0.5 billion

US$129.5billion

F D I Stock InwardF D I S t o c k Outward

US$10.5 billion

US$16.8 billionCommercialS e r v i c e sI m p o r t s

US$13.0 billionCommercialS e r v i c e sE x p o r t s

US$211.5billionMerchandiseG o o d sI m p o r t s

US$214.3 billionMerchandiseG o o d sE x p o r t s

Malaysia's Trade with Viet Nam 2008 - 2018Source: www.statistics.apec.org

and YOU...

21 Members

8.0 8.311.4 11.7 11.8 13.3 14.3

17.4

23.827.6

34.2

7.7

7.2

8.3 10.3 16

.1 19.0

15.3 18

.8

18.8 22

.6

19.3

15.7 15.519.7

22.1

27.932.3

29.6

36.2

42.6

50.253.5

-

10

20

30

40

50

60

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

RM billion

Exports Imports Total TradeSource:Department of Statistics, Malaysia

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6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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

0

20

40

60

80

100

120

140

0

50

100

150

200

250

300

350

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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)

3,800

4,000

4,200

4,400

4,600

4,800

5,000

5,200

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,00024

Feb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)

Total FOB (RM mil.) Total CO

1,900

2,000

2,100

2,200

2,300

2,400

2,500

2,600

0

200

400

600

800

1,000

1,200

1,400

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

200

400

600

800

1,000

1,200

1,400

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

160

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

300

350

400

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

0

50

100

150

200

250

300

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

MITI Weekly Bulletin | www.miti.gov.my

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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

100

200

300

400

500

600

700

800

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

160

180

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

Total FOB (RM mil.) Total CO

0

2

4

6

8

10

12

14

16

0.00

0.20

0.40

0.60

0.80

1.00

1.20

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

100

200

300

400

500

600

700

800

900

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

300

350

400

450

500

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

50

100

150

200

250

300

350

400

450

500

0

20

40

60

80

100

120

140

160

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

450

0

50

100

150

200

250

300

24 F

eb

3 M

ar

10 M

ar

17 M

ar

24 M

ar

31 M

ar

7 A

pr

14 A

pr

21 A

pr

28 A

pr

5 M

ay

12 M

ay

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

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MITI Weekly Bulletin | www.miti.gov.my

Source : Bank Negara Malaysia

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

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

3.9578

3.8862

4.1867

4.1140

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

2018 2019

RM

USD 1 = RM

7.8384

7.4635

7.9362 7.9051

6.50

6.70

6.90

7.10

7.30

7.50

7.70

7.90

8.10

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

2018 2019

RM

PHP 100 = RM

0.0174

0.0171

0.0180

0.0177

0.0166

0.0168

0.0170

0.0172

0.0174

0.0176

0.0178

0.0180

0.0182

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

2018 2019

RM

VND 100 = RM

50.6090

49.5163

53.4695

52.4438

47.00

48.00

49.00

50.00

51.00

52.00

53.00

54.00

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

2018 2019

RM

HKD 100 = RM

0.0296

0.0274

0.0291

0.025

0.026

0.026

0.027

0.027

0.028

0.028

0.029

0.029

0.030

0.030

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

2018 2019

RM

IDR 100 = RM

6.2202

5.6504

5.9238

5.50

5.60

5.70

5.80

5.90

6.00

6.10

6.20

6.30

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

2018 2019

RM

INR 100 = RM

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%*US$350.0

(high)

17 May 2019

%*US$330.0

(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-

2.3%*US$72.2

17 May 2019

CRUDE PALM OIL -per MT-

3.0%*US$507.5

17 May 2019

RUBBER SMR 20 -per MT-

1.2%*US$1,520.5

COCOA SMC 2 -per MT-

7.1%* US$1,575.4

COAL -per MT-

8.6%*US$57.6

SUGAR -per lbs-

1.3%*US$11.6

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest2018/2019

26 Apr 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

4 Jan 2019 : US$503.8 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 Prices17 May 2019

Steel Bars(per MT)

RM2,150– RM2,300

Billets(per MT)

RM2,000 - RM2,100

17 May 2019 17 May 2019 17 May 2019

17 May 2019

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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.

1,657.3

1,594.4

1,491.3

1,539.2

1,623.4

1,690.3

1,680.8 1,669.7

1,609.0

1,732.5

1,696.5

1,575.4

1,450

1,500

1,550

1,600

1,650

1,700

1,750

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 Apr 3 May 10 May 17 May

US$/

mt

Cocoa

2,299

2,288 2,289

2,306

2,295

2,294

2,2732,266

2,266

2,303

2,372

2,310

2,250.0

2,270.0

2,290.0

2,310.0

2,330.0

2,350.0

2,370.0

2,390.0

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 Apr 3 May 10 May 17 May

US$

/mt

Pepper

1,493.5

1,456.5

1,470.0

1,494.0

1,445.0

1,500.0

1,553.0

1,509.01,519.5

1,523.5

1,502.5

1,520.5

1,400

1,420

1,440

1,460

1,480

1,500

1,520

1,540

1,560

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 Apr 3 May 10 May 17 May

US$

/mt

Rubber SMR 20

55.8 56.1

58.5 59.060.1

63.163.9 64.0

63.361.9 61.6

62.8

65.1 65.767.2 67.0

68.4

70.371.6 72.0 72.2

70.9 70.672.2

40

45

50

55

60

65

70

75

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 18 Apr 26 Apr 3 May 10 May 17 May

US$

/bbl

Crude Petroleum

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

566.5

549.0

543.0

526.5 526.0

518.0520.5

533.5

533.0

534.0

523.1

507.5

500

510

520

530

540

550

560

570

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 19 Apr 26 Apr 3 May 10 May 17 May

US$

/mt

Crude Palm Oil

12.6

12.2

12.5

12.6

12.5

12.8

12.9

13.0

12.7

12.0

11.711.6

11.5

11.7

11.9

12.1

12.3

12.5

12.7

12.9

13.1

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 18 Apr 26 Apr 3 May 10 May 17 May

US¢

/lbs

Sugar

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15.3

15.3

15.3

15.4

15.115.1

15.0

15.0

15.1

15.0

14.8

14.4

14.2

14.4

14.6

14.8

15.0

15.2

15.4

15.6

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 18 Apr 26 Apr 3 May 10 May 17 May

US$

/oz

Silver

42.2

41.7

41.9

42.2

41.7

41.4

41.6

41.0

41.3

41.1

41.4

41.2

40.0

40.5

41.0

41.5

42.0

42.5

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 18 Apr 26 Apr 3 May 10 May 17 May

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.

2,21

0

2,18

2

2,06

9

2,25

5 2,30

0

2,23

8

2,08

2

2,05

2

2,02

6

2,03

0

1,93

9

1,92

0

1,85

4

1,86

3

1,87

1

1,84

5

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

2018 2019

US$

/ to

nn

e

Aluminium

7,06

6

7,00

7

6,79

9

6,85

2

6,82

5 6,96

6

6,25

1

6,05

1

6,05

1 6,22

0

6,19

6

6,07

5

5,93

9

6,30

0 6,43

9

6,43

8

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

2018 2019

US$

/ to

nne

Copper

12,8

65 13

,596

13,3

93

13,9

38

14,3

66 15

,106

13,7

94

13,4

11

12,5

10

12,3

15

11,2

40

10,8

35 11

,523

12,6

85

13,0

26

12,7

73

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

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

2018 2019

US$

/ to

nne

Nickel

Commodity Price Trends

76

.34

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56 6

7.1

5

68

.44

73

.41

73

.26

69

.15

76

.16

88

.22

86

.47

93

.70

60.0

65.0

70.0

75.0

80.0

85.0

90.0

95.0

100.0

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

2018 2019

US

$/d

mtu

Iron Ore

863.7

817.6

831.8

848.4

854.1

905.4

898.5

903.7903.6

874.8

865.6

820.3

790.0

810.0

830.0

850.0

870.0

890.0

910.0

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 18 Apr 26 Apr 3 May 10 May 17 May

US

$/o

z

Platinum

330.0

380.0 380.0 380.0 380.0 380.0 380.0 380.0

350.0 350.0 350.0 350.0 350.0 350.0

310.0

350.0 350.0 350.0 350.0 350.0 350.0 350.0

330.0 330.0 330.0 330.0 330.0 330.0

250

270

290

310

330

350

370

390

410

15 Feb 22 Feb 1 Mar 8 Mar 15 Mar22 Mar29 Mar 5 Apr 12 Apr 19 Apr 26 Apr 3 May 10 May17 May

US

$/m

t

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

70.6

69.1 69.1

65.1

67.1

65.1

63.8 63.8 63.6

63.0

63.0

57.6

55.0

56.0

57.0

58.0

59.0

60.0

61.0

62.0

63.0

64.0

65.0

66.0

67.0

68.0

69.0

70.0

71.0

72.0

73.0

1 Mar 8 Mar 15 Mar 22 Mar 29 Mar 5 Apr 12 Apr 18 Apr 26 Apr 3 May 10 May 17 May

US

$/t

Coal

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MIT

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MITI Minister at 25th APEC Ministers Responsiblefor Trade (MRT) Meeting, Chile

17-18 May 2019

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MIT

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MITI Deputy Minister officiated the launch of MIMOS - SEGi Centre of Excellence in Artificial Intelligence (AI)

16 May 2019

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Fossil FuelsCoal, oil and natural gas. They are derived from the remains of decayed plant and animal life. Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

Framework for the development of environment statistics (FDES)Conceptual framework that assists in development, coordination and organisation of environment statistics and related social-economic and demographic statistics. It was developed by the United Nations Statistics Division in 1984, and is based on stress-response principles of environmental impacts.Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

FreshwaterNaturally occurring water having a low concentration of salts. It is generally accepted as suitable for abstraction and treatment to produce portable water.Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

Functional ClassificationsFunctional classifications provide a means of classifying, by purpose or socio-economic objective, certain transactions of producers and of three institutional sectors - namely households, general government and non-profit institutions serving households (NPISHs).Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

General GovernmentThe general government sector consists of the totality of institutional units which, in addition to fulfilling their political responsibilities and their role of economic regulation, produce principally non-market services (possibly goods) for individual or collective consumption and redistribute income and wealth.Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

Geographic CoverageThe Labour Force Survey covers both urban and rural areas of all states in Malaysia.Source : Labour Force and Social Statistics Source Detail : Labour Force Survey Report, DOSM

Global WarmingPhenomenon believed to occur as a result of the build-up of carbon dioxide and other greenhouse gases. It has been identified by many scientists as a major global environmental threat. Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM

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All yo

u ne

ed t

o kn

ow...

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All yo

u ne

ed t

o kn

ow...

MITI Weekly Bulletin | www.miti.gov.my

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

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Tentative Schedule for MITI Pocket Talks 2019

NO DATE VENUE TOPIC

1 20 June (Thursday)

MITI HQ (SEMINAR 1)

2 18 July (Thursday)

MITI PAHANG

3 22 August (Thursday)

MITI HQ (SEMINAR 1)

4 19 September (Thursday) MITI PERAK

5 17 October (Thursday)

MITI HQ (SEMINAR 1)

6 14 November (Thursday)

MITI KELANTAN

Introduction to FTA & Preferential Certificate of Origin (PCO)

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Nurulyana Afifie Abdullah PA to Director

Datin Zakiah Syerina Balqis Taha

Principal Assistant Director

Neila Aldrina Shuhaime Principal Assistant Director

Mohd Effendi Abd Ghani Senior Assistant Director

Nur Na IIlah Sallih Udin Assistant Director

Farah Adibah Harun Assistant Director

Nurul Arshana Mohd Jalil Administrative Officer

Tengku Rustan Raja Ahmad Administrative Assistant

Muhamad Syazwan Shaharom Administrative Assistant

Salawati Ahmad Administrative Assistant

Normadiah Mohd Idris Operational Assistant

Mahummar Gadaffi Sorilaut Omar

Director

MITI @ Your ServiceAKI & OUTREACH

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Salam Nuzulul Quran1440H/2019

22 Mei 2019

Kementerian Perdagangan Antarabangsa dan Industri

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