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VOLUME 570VOLUME 570

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I NB U L L ET I N21 January 2020 | NO. ISSN : 2180-0448

Med

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se

In light of misleading reports by certain news sites, the Ministry of International Trade and Industry would like to issue the following clarification.

Both Malaysian Ministry of International Trade and Industry (MITI) and Indian Ministry of Railways and Commerce & Industry have been in communication for a possible bilateral meeting between the two Ministers on the sidelines of the World Economic Forum Davos from 21 to 24 January 2020. This request for a bilateral meeting was initiated by the Indian Ministry through an official request on 24 December 2019.

PROPOSED BILATERAL MEETING BETWEEN MALAYSIA AND INDIA IN

DAVOS

The meeting is to discuss bilateral and regional trade and investment issues. At no point has either country refused to meet with the other.

In the spirit of economic partnership between our two nations, Malaysia has made every effort to accommodate the official request by India, but due to the busy schedule of both Ministers, a mutually agreeable time has not been reached at the time of this statement. In the absence of a formal meeting, it is common for interested parties to meet informally and exchange views on the sidelines.

Minister YB Datuk Darell Leiking has expressed his openness to such discussion with his counterpart H.E. Piyush Goyal, Indian Minister for Railways and Commerce & Industry, in particular with regards to India’s participation in the ASEAN-led Regional Comprehensive Economic Partnership (RCEP).

In 2018, India was the 10th largest trading partner for Malaysia. Total trade with India increased by 2.2% to RM62.76 billion from RM61.38 billion in 2017. India was also the largest trading partner, export destination and import source for Malaysia among the South Asian countries. In term of investment, India is one of Malaysia’s major sources of foreign investments. As of December 2018, 258 approved investments in the manufacturing sector added up to RM9.30 billion and are expected to create 27,042 employments.

Ministry of International Trade and IndustryKuala Lumpur, Malaysia20 January 2020


MITI Weekly Bulletin | www.miti.gov.my

Kuala Lumpur, 20 January 2020 – The Deputy Minister of International Trade and Industry, YB Dr. Ong Kian Ming officiated the Seminar on Industry4WRD Incentives at MITI Tower, Kuala Lumpur on 20 January 2020. The objective of the Seminar is to increase industry’s awareness on the Industry4WRD related programmes and incentives by the Government such as Readiness Assessment, Intervention Fund, Domestic Investment Strategic Fund (DISF), Automation Capital Allowance (ACA), etc.

Attended by 420 industry players, the Seminar was also held to kick-start the Nationwide Industry4WRD Outreach Programme in 2020. The outreach programme will be conducted in 2 phases across the nation where the first phase is scheduled from February to April 2020. As an avenue for industry players to understand the Industry4WRD related programmes and incentives, the Programme will be held in collaboration with relevant Ministries, Agencies and business associations.

For the continuous implementation of Industry4WRD Policy, the Government has allocated RM43 million for Industry4WRD related programmes including Readiness Assessment (RA), Intervention Fund, Train the Trainers, Reskilling Programme, High Speed Broadband, etc. As a programme to assist SMEs understand their level of readiness for Industry 4.0 adoption, the implementation of RA will continue in 2020 where 450 SMEs will enjoy the government-funded RA. Upon completion of RA, SMEs are encouraged to apply the Industry4WRD Intervention Fund from the Malaysian Investment Development Authority (MIDA). The Fund offers a 70:30 matching grant up to RM500,000 for SMEs to implement intervention strategies recommended in their respective RA reports. The Industry4WRD Intervention Fund Approval Committee has been established to deliberate and approve Intervention Fund applications.

In 2019, MITI received 849 applications for the Industry4WRD RA and selected 508 small and medium-sized enterprises (SMEs) for the government-funded RA. Companies are encouraged to undertake RA to start their transformation journey on industry 4.0 adoption. Application is available online at http://www.miti.gov.my/industry4wrd.

Ministry of International Trade and Industry 20 January 2020

SEMINAR ON INDUSTRY4WRD INCENTIVES

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Nov. 2019 Nov. 2018 68.8% 68.4%

Nov. 2019 Nov. 2018 3.2% 3.1%

Source: Department of Statistics, Malaysia

Mal

aysi

a St

atis

tics

Note: Percentage refers to y-o-y percentage change

Unemployed ('000) Nov. 2019: 513.9Nov. 2018: 516.2

- 0.4%

Labour Force ('000) Nov. 2019:15,828.9Nov. 2018: 15,457.7

2.4%

Employed ('000)5,4 Nov. 2019: 15,315.0Nov. 2018: 14,941.3

2.5%

Outside LabourForce ('000)

Nov. 2019: 7,174.2Nov. 2018: 7,151.2

0.3%

LABOUR FORCE IN MALAYSIANOVEMBER 2019

Labour Force Participation Rate Unemployment Rate

The number of The number of labour force in labour force in November 2019 November 2019 rose 371.2 rose 371.2 thousands thousands persons against persons against November November 20182018

0.1%0.4%



Mer

chan

dise

Tra

de S

tatis

tics

World largest exports of white lauan, white meranti, white seraya, yellow meranti and alan, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed,

of a thickness of > 6 mm*

Top Five Malaysia Export Destinations

11MALAYSIAUS$55.5m

94.2% 22 GHANAUS$1.6m

2.7%

33HONG KONGUS$0.7m

1.2%

44PAPUA NEW

GUINEAUS$0.2m

0.3%

55NORWAYUS$0.2m

0.3%

THAILANDUS$22.3m

11 PHILIPPINESPHILIPPINESUS$13.0mUS$13.0m

22

INDIAUS$8.4m

33JAPAN

US$3.9m

44TAIPEI

US$3.3m

55

Notes: -*HS440726 -% refer to share in world exports

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



Sust

aina

ble

Dev

elop

men

t Goa

ls In

dica

tors Cluster 4: Environment & Natural Resources

Goal 6: Clean Water & Sanitatation Goal 7: Affordable & Clean Energy Goal 12: Responsible Consumption & Productivity

Goal 13: Climate Action Goal 14: Life Below Water Goal 15: Life on Land

Indicator 12.4.2: Hazardous waste generated per capita and proportion of hazardous waste treated, by type of treatment

The quantity of clinical wastes handled for destruction at incinerators i n c r e a s e d to 28,375.2 tonnes in 2017 as compared to 23,844.9 tonnes in 2016.

Goal 12Ensure sustainable consumption and production patterns

W.P. Kuala Lumpur recorded the highest clinical waste handled for destruction at incinerators (4,808.1 tonnes) followed by Selangor (4,370.7 tonnes) and Sarawak (3,086.9 tonnes). On the other hands, W.P. Labuan recorded the lowest clinical waste handled for destruction at incinerators (57.2 tonnes).



Be part of something BIG?

Come and join us, be a volunteer for APEC 2020!

For more information about the volunteer program, kindly click the following link:

https://www.miti.gov.my/index.php/pages/view/5657?mid=626

Sources: Ministry of International Trade and Industry



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

• Cash 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.

International Payment Methods:

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

Initially created in 1936 by the International Chamber of Commerce (ICC) and have been periodically revised (Incoterms® 2010 is the 8th revision). Incoterms® reflect world-wide trade practices, as practices change, Incoterms® are revised

International Commercial Terms (Incoterms):

Adam Smith’s shorthand for the ability of the free market to allocate factors of production, goods and services to their most valuable use. If everybody acts from self-interest, spurred on by the profit motive, then the economy will work more efficiently, and more productively, than it would do were economic activity directed instead by some sort of central planner. It is, wrote Smith, as if an ‘invisible hand’ guides the actions of individuals to combine for the common good. Smith recognised that the invisible hand was not infallible, however, and that some government action might be needed, such as to impose antitrust laws, enforce property rights, and to provide policing and national defence.

Invisible hand:

Keynesian:A branch of economics, based, often loosely, on the ideas of Keynes, characterised by a belief in active government and suspicion of market outcomes. It was dominant in the 30 years following the Second World War, and especially during the 1960s, when fiscal policy became bigger-spending and looser in most developed countries as policymakers tried to kill off the business cycle. During the 1970s, widely blamed for the rise in inflation, Keynesian policies gradually gave way to monetarism and microeconomic policies that owed much to the neo-classical economics that Keynes had at times opposed. Even so, the idea that public spending and taxation have a crucial role to play in managing demand, in order to move towards full employment, remained at the heart of macroeconomic policy in most countries, even after the monetarist and supply-side revolution of the 1980s and 1990s. Recently, a school of new, more pro-market Keynesian economists has emerged, believing that most markets work, but sometimes only slowly.

• Rising prices, across the board. The purchasing power of a unit of currency falls as a result of inflation. For example, if the inflation rate is 2%, then a pack of gum that costs RM1 in a given year will cost RM1.02 the next year.

• Inflation usually refers to consumer prices, but it can also be applied to other prices (wholesale goods, wages, assets etc). It is usually expressed as an annual percentage rate of change on an index number. Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

Inflation:Refer to goods brought into the country, either directly or into bonded warehouses, irrespective of whether such goods are for consumption, to be processed, used in manufacturing or subsequent re-exports to other countries. The value of imports refers to cost, insurance & freight (c.i.f.).

Imports:



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

0

20

40

60

80

100

120

140

160

0

5

10

15

20

25

30

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50

27 O

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17 N

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RM m

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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

500

1,000

1,500

2,000

2,500

3,000

3,50027

Oct

3 N

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10 N

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17 N

ov

24 N

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1 D

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8 D

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15 D

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22 D

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29 D

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No.

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ertif

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Orig

in

RM m

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ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

0

2,000

4,000

6,000

8,000

10,000

12,000

27 O

ct

3 N

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10 N

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17 N

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24 N

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No.

of C

ertif

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Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

350

400

450

500

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

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1 D

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8 D

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15 D

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22 D

ec

29 D

ec

5 Ja

n

12 J

an

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

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

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15 D

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22 D

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29 D

ec

5 Ja

n

12 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

0

50

100

150

200

250

300

350

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

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

100

200

300

400

500

600

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

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8 D

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15 D

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22 D

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29 D

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5 Ja

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12 J

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No.

of C

ertif

icat

e of

Orig

in

RM m

il.

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



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

Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

350

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

140

160

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)


0

1

2

3

4

5

6

7

8

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

0.50

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

10

20

30

40

50

60

70

80

0

10

20

30

40

50

60

70

80

90

100

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

0

20

40

60

80

100

120

140

160

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

700

0

10

20

30

40

50

60

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

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

27 O

ct

3 N

ov

10 N

ov

17 N

ov

24 N

ov

1 D

ec

8 D

ec

15 D

ec

22 D

ec

29 D

ec

5 Ja

n

12 J

an

No.

of C

ertif

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e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


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


Sales Value


Source : Bank Negara Malaysia

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

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

3.9578

3.8862

4.1881

4.1485

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

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2018 2019

RM

USD 1 = RM

7.8384

7.4635

8.2002

8.1714

6.50

6.70

6.90

7.10

7.30

7.50

7.70

7.90

8.10

8.30

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2018 2019

RM

PHP 100 = RM

0.0174

0.0171

0.0181

0.0179

0.0164

0.0166

0.0168

0.0170

0.0172

0.0174

0.0176

0.0178

0.0180

0.0182

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2018 2019

RM

VND 100 = RM

50.6090

49.5163

53.469553.1472

47.00

48.00

49.00

50.00

51.00

52.00

53.00

54.00

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2018 2019RM

HKD 100 = RM

0.0296

0.0274

0.0297 0.0296

0.025

0.026

0.026

0.027

0.027

0.028

0.028

0.029

0.029

0.030

0.030

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec2018 2019

RM

IDR 100 = RM

6.2202

5.6504

5.8288

5.50

5.60

5.70

5.80

5.90

6.00

6.10

6.20

6.30

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2018 2019

RM

INR 100 = RM


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

0.2%*US$64.9

%*US$45.6

7.2%* US$1,778.5

SUGAR -per lbs-31 Aug 2018 :US¢10.6, 3.6%*Average Pricei : 2017: US¢15.8 2016: US¢18.2

3.4%*US$280.0

(low)

%*US$300.0

(high)17 January 2020

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-

17 January 2020

CRUDE PALM OIL -per MT-

1.2%*US$856.5

17 January 2020

RUBBER SMR 20 -per MT-

2.1%*US$1,524.5

COCOA SMC 2 -per MT-

COAL -per MT-

SUGAR -per lbs-

2.7%*US$14.5

SCRAP IRON HMS -per MT-

17 May 2019 : US$72.2

Highest2019/2020

03 Jan 2020 : US$68.6

17 Jan 2020 : US$64.9 09 Aug 2019 : US$54.5

Lowest2019/2020

27 Dec 2019 : US$794.5

Highest2019/2020

10 Jan 2020 : US$866.5

03 Jan 2020 : US$811.5 26 Jul 2019 : US$488.5

Lowest2019/2020

Average Price 2019 i : US$64.2 Average Price 2019 i : US$557.1

Average Price 2019 i : US$1,414.6 Average Price 2019 i : US$1,592.4 Average Price 2019 i : US¢12.4

Average Price 2019 i : US$316.9 (high)Average Price 2019 i : US$291.6(low)Average Price 2019 i : US$56.5

Domestic Prices17 January 2020

Steel Bars(per MT)

RM2,070– RM2,200

Billets(per MT)

RM1,850 - RM1,950

17 January 2020

17 January2020

17 January2020

17 January 2020



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.

1,623.9

1,651.1

1,741.2

1,751.4

1,684.1

1,663.7

1,623.8

1,515.5 1,512.8

1,652.61,659.3

1,778.5

1,500

1,550

1,600

1,650

1,700

1,750

1,800

1 Nov 8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan

2019 2020

US$/

mt

Cocoa

1,957

1,976

1,936

1,881 1,879 1,879

1,8401,841

2,161

1,859

1,8671,876

1,800.0

1,850.0

1,900.0

1,950.0

2,000.0

2,050.0

2,100.0

2,150.0

2,200.0


2019 2020

US$

/mt

Pepper

1,337.5

1,355.01,364.0

1,414.01,401.5

1,490.0

1,499.5

1,442.0 1,449.5

1,484.5

1,492.5

1,524.5

1,320

1,370

1,420

1,470

1,520

1,570


2019 2020

US$

/mt

Rubber SMR 20

56.257.2 57.7 57.8

55.2

59.2 60.1 60.461.7

63.1

59.0 58.5

61.7 62.5 63.3 63.4 62.464.4

65.266.1

68.2 68.6

65.0 64.9

40

45

50

55

60

65

70

75


2019 2020

US$

/bbl

Crude Petroleum

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

583.5

639.0

673.0 680.5 684.5698.5

689.5

769.0

794.5811.5

866.5856.5

485

535

585

635

685

735

785

835

885

935


2019 2020

US$/

mt

Crude Palm Oil

12.512.6

12.712.8

12.9

13.2

13.5 13.5 13.5

13.3

14.1

14.5

11.8

12.3

12.8

13.3

13.8

14.3

14.8


2019 2020

US¢

/lbs

Sugar



18.1

16.8

16.9 17.017.1

16.6

17.0

17.2

17.9

18.218.1

18.1

16.2

16.7

17.2

17.7

18.2

18.7


2019 2020

US$

/oz

Silver

48.5

47.1 47.2 47.1 46.9 46.9

47.2

47.6

48.6

49.8 50.0

50.1

46.0

46.5

47.0

47.5

48.0

48.5

49.0

49.5

50.0

50.5


2019 2020

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.

2,25

5 2,30

0

2,23

8 2,

082

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

1,74

1

1,75

4

1,72

6 1,77

5

1,77

1

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

Dec Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

Dec

2018 2019

US$

/ to

nn

e

Aluminium

6,85

2

6,82

5 6,96

6

6,25

1 6,

051

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,

882

5,94

1

5,70

9

5,75

9

5,75

7

5,86

0 6,07

7

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Apr

May Jun

Jul

Aug Se

p

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

Nov

Dec

2018 2019

US$

/ to

nne

Copper

13,9

38

14,3

66

15,1

06

13,7

94

13,4

11

12,5

10

12,3

15

11,2

40

10,8

35

11,5

23 12

,685

13,0

26

12,7

73

12,0

16

11,9

44

13,5

46

15,7

49

17,6

57

17,0

46

15,1

72

13,8

29

7,000

9,000

11,000

13,000

15,000

17,000

19,000

Apr

May Jun

Jul

Aug Se

p

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

Nov

Dec

2018 2019

US$

/ to

nne

Nickel

Commodity Price Trends

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

10

0.1

51

08

.94

12

0.2

4

93

.07

93

.08

88

.53

84

.98

92

.65

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

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

2018 2019

US

$/d

mtu

Iron Ore

954.0

893.1 894.5 892.6900.4 898.9

928.8

913.8

950.4

990.3986.0

1024.8

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0


2019 2020

US

$/o

z

Platinum

280.0 280.0 280.0 280.0

300.0

310.0

320.0

300.0 300.0 300.0 300.0 300.0

260.0 260.0 260.0265.0

280.0285.0

290.0

280.0 280.0 280.0

290.0

280.0

200

220

240

260

280

300

320

340


2019 2020

US

$/m

t

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

43.843.8 43.8 43.8

46.1

45.645.6

45.6 45.6 45.6 45.6 45.6

43

44

44

45

45

46

46

47

47


2019 2020

US

$/t

Coal



MIT

I PR

OG

RAM

MES

InvestKL ‘China Special Channel’ launch and Signing of Memorandum of Agreement

between InvestKL and the Chinese Chambers 20 January 2020



MIT

I PR

OG

RAM

MES

Deputy MITI Minister Officiated Seminar on Industry4WRD

20 January 2020



MIT

I PR

OG

RAM

MES

Deputy MITI Minister Launched The ASEAN Rice Bowl Startup Awards (ARBSA) 2019

15 January 2020



All yo

u ne

ed t

o kn

ow...

For more information, kindly click the following links:https://www.miti.gov.my/index.php/pages/view/industry4WRD



All yo

u ne

ed t

o kn

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:

http://www.miti.gov.my/index.php/pages/view/4761

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

For more information, kindly click the following links:https://bit.ly/2MyIPFt

For information, kindly clickhttps://fta.miti.gov.my/index.php/pages/view/69?mid=27

Date Venue Topic14 February MITI HQ

Introduction to FTAs

Introduction to Preferential Certificate of Origin (PCO)

11 March MITI Perak8 April MITI HQ10 June MITI Johor24 June MITI HQ15 July MITI Penang12 August MITI HQ2 September MITI Kelantan14 October MITI HQ4 November MITI Pahang

Tentative Schedule for MITI Pocket Talks 2020



ANNOUNCEMENT

DEAR VALUED CUSTOMER,

NOTIFICATION ON THE LIVE OPERATION OF ASEAN SINGLE WINDOW (ASW) BY THE LAO PEOPLE'S DEMOCRATIC REPUBLIC AND REPUBLIC OF THE PHILIPPINES

WE ARE PLEASED TO INFORM THAT STARTING 23 DECEMBER 2019, THE LAO PEOPLE'S DEMOCRATIC REPUBLIC (LAOS) AND THE REPUBLIC OF THE PHILIPPINES (PHILIPPINES) ARE READY TO JOIN THE OTHER 8 PARTICIPATING MEMBER STATES (MALAYSIA, BRUNEI, CAMBODIA, INDONESIA, MYANMAR, SINGAPORE, THAILAND AND VIETNAM) IN EXCHANGING THE ELECTRONIC PREFERENTIAL CERTIFICATE OF ORIGIN (E-ATIGA FORM D) VIA THE ASEAN SINGLE WINDOW (ASW) PLATFORM.

EXPORTERS FROM MALAYSIA WILL BE ABLE TO EXCHANGE THE E-FORM D TO LAOS AND PHILIPPINES STARTING 30 DECEMBER 2019.

EXPORTERS | HOW TO PARTICIPATE:

MALAYSIAN EXPORTERS APPLYING FORM D FOR EXPORTATION TO LAOS AND PHILIPPINES SHALL TICK ( √ ) THE ASW CONSENT BOX IN THE ePCO SYSTEM IF THEY WISH TO EXCHANGE THE FORM D VIA THE ASW PLATFORM. ONCE THE CONSENT BOX TICKED, THE APPROVED FORM D WILL BE ELECTRONICALLY EXCHANGED TO LAOS’ AND PHILIPPINES’ RECEIVING AUTHORITY/CUSTOMS.

WITH THIS NEW FACILITY, MALAYSIAN EXPORTERS HAVE NO LONGER REQUIRE TO SUBMIT THE MANUAL FORM D WHEN EXPORTING TO LAOS AND PHILIPPINES EXCEPT FOR ANY TECHNICAL GLITCHES IF OCCURRED.

FOR MORE INFORMATION OR ENQUIRIES, KINDLY REFER TO MITI WEBSITE (FRONT PAGE BOTTOM: ANNOUNCEMENT SECTION & FAQ) OR CONTACT THE ATIGA TEAM AT [email protected]

THANK YOU FOR YOUR CONTINUOUS SUPPORT AND COOPERATION.

SENIOR DIRECTOR TRADE AND INDUSTRY SUPPORT DIVISION MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY 23 DECEMBER 2019

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