Trade Performance for January 2019

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VOLUME 525

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

Weekly

BULLETIN

5 March 2019 | NO. ISSN : 2180-0448

Trade Performance for January 2019

Media Release

manufactured and mining sector. Exports of manufactured goods recorded a y-o-y growth of 2.9% and mining goods posted a double- digit growth of 23.5%. Meanwhile, exports of agriculture goods contracted by 13.6%.

In January 2019, exports of manufactured goods were valued at RM70.25 billion, accounting for 82.3% share of Malaysia’s total exports. The main contributors to the increase in exports were electrical and electronic (E&E) products which increased by 8.2%, followed by chemicals and chemical products (↑16.7%), jewellery (↑90.8%), optical and scientific equipment (↑7.1%), textiles, apparels and footwear (↑10.7%), as well as wood products (↑5.6%).

Exports of mining goods totalled RM8.96 billion and constituted 10.5% of Malaysia’s total exports. Expansion in exports was contributed mainly by growth in exports of liquefied natural gas (LNG), which was attributed to higher Average Unit Value (AUV) and volume.

Exports of agriculture goods amounted to RM5.62 billion and accounted for 6.6% of total exports. Contraction in exports was mainly due to the decline in exports of palm oil and palm oil-based agriculture products, Highest January Exports at RM85.41 billion

Malaysia’s trade in January 2019 expanded by 2.1% to reach a value of RM159.3 billion from January 2018. Expansion in trade were seen with China, Taiwan, Saudi Arabia, the Republic of Korea (ROK), Thailand, the United Arab Emirates (UAE) and the United States (US).

Exports posted a stronger year-on-year (y-o-y) growth compared to imports, registering an expansion of 3.1% to RM85.41 billion. This was the highest export value ever recorded for the month of January, surpassing RM82.82 billion registered in January 2018. Imports grew by 1% to RM73.89 billion, resulting in a trade surplus of RM11.52 billion, 19.2% higher compared to January 2018. This was the 255^th consecutive month of trade surplus recorded since November 1997.

On a month-on-month (m-o-m) basis, total trade, exports and imports increased by 1.9%, 2.2% and 1.4%, respectively.

Export Performance of Major Sectors

Manufactured & Mining goods continued to Lead Export Growth Export expansion in January 2019 was driven mainly by growth in

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particularly palm oil. Exports of palm oil declined by 16.6% to RM3.27 billion, due to lower AUV.

Major exports in January 2019:

• E&E products, valued at RM34.28 billion and constituted 40.1% of total exports, increased by 8.2% from January 2018;

• Chemicals and chemical products, RM5.18 billion, 6.1% of total exports, increased by 16.7%;

• LNG, RM5.16 billion, 6% of total exports, increased by 37.5%;

• Petroleum products, RM4.61 billion, 5.4%

of total exports, decreased by 24.1%; and

• Palm oil and palm oil-based agriculture products, RM3.72 billion, 4.4% of total exports, decreased by 19.5%.

Compared to December 2018, exports of manufactured, mining and agriculture goods expanded by 0.7%, 7.5% and 17.8%, respectively.

Trade Performance with Major Markets Growing Exports to ASEAN

Trade with ASEAN in January 2019 which constituted 26.3% of Malaysia’s total trade declined by 2.2% to RM41.97 billion compared to January 2018. Exports to ASEAN grew by 3.4% to RM24.98 billion, mainly on the back of higher exports for E&E products, LNG, optical and scientific equipment and crude petroleum.

Breakdown of exports to ASEAN countries:

• Singapore RM12.17 billion, increased by

• Thailand RM5.64 billion, ↑17.1%5.4%

• Viet Nam RM2.79 billion, ↓8.6%

• Indonesia RM2.43 billion, ↓13.8%

• Philippines RM1.37 billion, ↓7.6%

• Myanmar RM237.7 million, ↑46.7%

• Brunei RM193.0 million, ↑5.4%

• Cambodia RM149.5 million, ↑63.4%

• Lao PDR RM2.9 million, ↑5.5%

Exports to major markets in ASEAN that recorded significant increases were Thailand, which expanded by RM823.3 million due to higher exports of E&E products while Singapore (↑RM627 million, E&E products) and Myanmar (↑RM75.7 million, petroleum products).

Imports from ASEAN were lower by 9.6%

to RM16.99 billion. Major imports were E&E products, petroleum products, chemicals and chemical products, as well as machinery,

equipment and parts.

On a m-o-m basis, trade and exports were higher by 2.1% and 6.7%, respectively, while imports declined by 4%.

Exports to China Rebounded

In January 2019, trade with China which absorbed 18.2% of Malaysia’s total trade rose by 14.1% y-o-y to RM28.92 billion.

Exports increased by 9.1% to RM11.02 billion on account of higher exports of LNG, chemicals and chemical products, palm oil and palm oil-based agriculture products, petroleum products, as well as metalliferous ores and metal scrap.

Imports from China surged by 17.5% to RM17.9 billion. Major imports were E&E products, machinery, equipment and parts, petroleum products, as well as chemicals and chemical products.

Compared to December 2018, trade and imports expanded by 7.2% and 15.7%, respectively, while exports contracted by 4.2%.

Manufactured Goods Dominated Exports to the EU

Trade with the European Union (EU) slipped by 1.5% y-o-y to RM15.29 billion or 9.6% of Malaysia’s total trade. Exports to the EU grew by 4.3% to RM8.73 billion in January 2019. In terms of products, higher exports were contributed by manufactured goods primarily E&E products, palm oil- based manufactured products, transport equipment, as well as textiles, apparels and footwear. Exports of manufactured goods to the EU rose by 7.1% to RM7.96 billion, accounting for 91.1% of Malaysia’s total exports to the region.

Among the top 10 EU markets which accounted for 91.7% of Malaysia’s total exports to the EU, exports to 6 countries registered increases namely, Spain (↑98.5%), the Czech Republic (↑82.9%), the Netherlands (↑3.2%), Poland (↑25.8%), Belgium (↑8.5%) and France (↑2%).

Imports from the EU contracted by 8.2%

to RM6.56 billion. Main imports from this region were E&E products, machinery, equipment and parts, as well as chemicals and chemical products.

On a m-o-m basis, trade and exports to the EU rose by 2.5% and 10%, respectively, while imports decreased by 5.9%.

Media Release

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Exports to the US Remained Firm

Total trade with the US posted an increase of 2.7% y-o-y to RM13.29 billion and accounted for 8.3% of Malaysia’s total trade.

Exports rose by 9.4% to reach RM7.95 billion underpinned mainly by higher exports of manufactured goods which increased by 9.9%. Manufactured exports accounted for 96.1% or RM7.64 billion of Malaysia’s total exports to the US. Expansion in exports were seen for E&E products, optical and scientific equipment, wood products, as well as machinery, equipment and parts.

Imports from the US decreased by 5.9% to RM5.33 billion and the main import products were E&E products, machinery, equipment and parts, as well as chemicals and chemical products.

Compared to December 2018, exports increased by 0.9%, while trade and imports were down by 2.5% and 7.3%, respectively.

Exports to Japan Rose M-o-M

In January 2019, trade with Japan which constituted 7.2% of Malaysia’s total trade slipped by 1.8% y-o-y to RM11.51 billion.

Exports decreased by 5% to RM6.67 billion owing mainly to lower exports of LNG, crude petroleum, E&E products as well as iron and steel products. However, higher exports were recorded for petroleum products, chemicals and chemical products, wood products and transport equipment.

Imports from Japan registered an increase of 2.9% to RM4.85 billion. Major imports were E&E products, transport equipment, as well as machinery, equipment and parts.

On a m-o-m basis, trade grew by 0.6% and exports accelerated by 9.5%, while imports reduced by 9.6%.

Resilient Trade with FTA Partners

In January 2019, trade with Free Trade Agreement (FTA) partners increased by 2.3% to a total value of RM99.94 billion and accounted for 62.7% of Malaysia’s total trade.

Exports to FTA partners amounted to RM52.61 billion, an increment of 3.2% and imports grew by 1.2% to RM47.33 billion.

Increases in exports were recorded to China, Thailand, the ROK, Singapore, Myanmar, Cambodia, New Zealand, Pakistan, Brunei and Lao PDR. These countries collectively contributed 63.7% of Malaysia’s exports to FTA partners.

Exports to the ROK surged by 30.5% to RM3.31 billion, attributed mainly to higher exports of LNG, Cambodia (↑63.4% to RM149.5 million, petroleum products), New Zealand (↑12.5% to RM403.8 million, crude petroleum) and Pakistan (↑8.1% to RM394.1 million, palm oil-based manufactured products).

Compared to December 2018, trade, exports and imports rose by 1.7%, 1.1% and 2.3%, respectively.

Other Markets Registering Higher Exports In January 2019, other markets with significant growth in exports were Taiwan and the UAE. Exports to Taiwan recorded a sturdy growth of 22.3% y-o-y to RM2.84 billion, mainly driven by higher exports of E&E products. Exports to the UAE expanded by 32% to RM896.9 million, on account of higher exports of jewellery.

Import Performance

Total imports in January 2019 increased by 1% y-o-y to RM73.89 billion from RM73.15 billion in January 2018. The three main categories of imports by end use which accounted for 71.7% of total imports were:

• Intermediate goods, valued at RM37.46 billion or 50.7% share of total imports, decreased by 0.8%, following lower imports of parts and accessories of capital goods (except transport equipment) particularly electrical machinery, equipment and parts;

• Capital goods, valued at RM8.98 billion or 12.2% of total imports, declined by 3.3%, due mainly to lower imports of industrial transport equipment particularly aircraft and parts; and

• Consumption goods, valued at RM6.52 billion or 8.8% of total imports, increased by 3.3%, as a result of higher imports of non-durables mainly for pharmaceutical products

Ministry of International Trade and Industry 4 March 2019

Media Release

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Malaysia Statistics

Source: Department of Statistics, Malaysia

Malaysia’s trade in January 2019 expanded by 2.1%

to reach a value of RM159.3 billion from January 2018.

Exports posted a growth of 3.1% while imports were up by 1.0%.

Total Trade

RM159.3 bil.2.1%

Trade Balance

RM11.5 bil.19.2%

Exports 3.1%, RM85.4 bil.

Imports 1.0%, RM73.9 bil.

Major Exports Major Imports

E&E Products

2.3%

RM21.9 bil.

29.7%

^share

E&E Products

RM34.3 bil.8.2%

40.1%

^share

Petroleum Products

20.0%

RM5.5 bil.

7.5%

^share

Petroleum Products 24.1%

RM4.6 bil.

5.4%

^share

Chemicals & Chemical Products

16.7%

RM5.2 bil.

6.1%

^share

Chemicals & Chemical Products 11.8%

RM7.3 bil.

9.9%

^share

Imports Exports

RM85.4 bil.

RM73.9bil.

LNG

37.5%

RM5.2 bil.

6.0%

^share

Palm Oil & Palm Oil Based Agriculture Products

19.5%

RM3.7 bil.4.4%^share

Machinery, Equipment

& Parts 2.8%

RM6.8 bil.

9.2%

^share

Manufactures of Metal 4.6%

RM4.3 bil.5.8%^share

Trade Performance, January 2019

Note: Percentage refers to y-o-y growth

- =

= +

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20.0%

RM5.5 bil.

7.5%

^share

11.8%

RM7.3 bil.

9.9%

^share

2.8%

RM6.8 bil.

9.2%

^share

Trade Performance, January 2019

Malaysia Statistics

Source: Department of Statistics, Malaysia

Major Export Destinations, January 2019

Malaysia Statistics

Largest export destinations are to Singapore 14.2%

P.R.China 12.9%

9.3% USA

Japan 7.8%

Hong Kong SAR Thailand 7.6%

6.6%

R.O.Korea 3.9%

India 3.5%

Chinese Taipei 3.3%

Viet Nam 3.3%

Others 27.6%

Total Exports RM85.4 bil.

Biggest import sources are from P.R. China 24.2%

Singapore 10.3%

Chinese Taipei 7.3%

7.2% USA

Japan

6.6%

Thailand 5.1%

Indonesia 4.2%

R.O.Korea 4.2%

Germany 3.2%

Saudi Arabia 3.0%

Others 24.7%

Total Imports RM73.9 bil.

Major Import Sources, January 2019

Note: Percentage refers to share to total exports

Note: Percentage refers to share to total imports

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Malaysia Statistics

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Trade Performance, January 2019

Malaysia Statistics

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Malaysia StatisticsInternational Statistics

Digital 2019

Digital 2019: Malaysia

Source: https://datareportal.com/reports/digital-2019

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International Statistics

Hong Kong SAR Economic Indicators 2017

7.4 million

P o p u l a t i o n

0.7% annual

G r o w t h r a t e

0.3%

Employment in Agriculture

13.0%

Employment in Industry

86.7%

Employment in Services

US$280.3 billion

GDP at constant prices

3.8% annual

G r o w t h r a t e

US$104.3

b i l l i o n F D I

F l o w Inward F D I F l o w

Outward US$82.8

b i l l i o n

US$1.97

t r i l l i o n

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

US$1.80

t r i l l i o n US$77.1

b i l l i o n Commercial S e r v i c e s I m p o r t s

US$ 103.6

b i l l i o n Commercial S e r v i c e s E x p o r t s

US$589.9

billion

Merchandise G o o d s I m p o r t s

US$550.3

billion

Merchandise G o o d s E x p o r t s

Malaysia's Trade with Hong Kong SAR 2008 - 2018

Source: Department of Statistics, Malaysia Source: www.statistics.apec.org

and YOU...

21 Members

28.2 29.1 32.4 31.3 30.1 31.3 37.0 36.9 37.6 47.7 74.6

13.5 10.8 12.7 13.6 13.3 10.5 10.8 11.5 12.7 14.0 15.0

41.7 39.9 45.1 44.9 43.4 41.7 47.8 48.4 50.3

61.7

89.6

0.0 20.0 40.0 60.0 80.0 100.0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

RM billion

Exports Imports Total Trade

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Number and Value of Preferential Certificates of Origin (PCOs)

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

0 20 40 60 80 100 120 140

9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb No. of Certificate of Origin

RM mil.

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.

0 1,000 2,000 3,000 4,000 5,000 6,000

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000

RM mil.

ASEAN Trade in Goods Agreement (ATIGA)

0 500 1,000 1,500 2,000 2,500 3,000

0 200 400 600 800 1,000 1,200

RM mil.

ASEAN-China Free Trade Agreement (ACFTA)

0 200 400 600 800 1,000 1,200

0 200 400 600 800 1,000 1,200 1,400 1,600 1,800

RM mil.

ASEAN-Korea Free Trade Agreement (AKFTA)

0 50 100 150 200 250 300 350

0 20 40 60 80 100 120 140

RM mil.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

0 100 200 300 400 500 600 700 800 900 1,000

0 500 1,000 1,500 2,000 2,500 3,000 3,500

RM mil.

ASEAN-India Free Trade Agreement (AIFTA)

0 200 400 600 800 1,000 1,200 1,400

0 20 40 60 80 100 120 140 160

RM mil.

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

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Number and Value of Preferential Certificates of Origin (PCOs)

0 200 400 600 800 1,000 1,200

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000

RM mil.

Malaysia-Japan Economic Partnership Agreement (MJEPA)

0 50 100 150 200 250 300

0 20 40 60 80 100 120

RM mil.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

0 2 4 6 8 10 12 14 16

0.00 0.10 0.20 0.30 0.40 0.50 0.60

RM mil.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

0 20 40 60 80 100 120

0 200 400 600 800 1,000 1,200 1,400 1,600

RM mil.

Malaysia-Chile Free Trade Agreement (MCFTA)

0 100 200 300 400 500 600

0 50 100 150 200 250 300 350 400 450 500

RM mil.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

0 100 200 300 400 500 600

0 10 20 30 40 50 60 70

RM mil.

Malaysia-Australia Free Trade Agreement (MAFTA)

0 50 100 150 200 250 300

RM mil.

Malaysia-Turkey Free Trade Agreement (MTFTA)

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

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Source : Bank Negara Malaysia

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

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

3.9578

3.8862

4.1867

4.0746

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

2018 2019

RM

USD 1 = RM

0.6150

0.6221

0.5974

0.6048

0.59 0.59 0.60 0.60 0.61 0.61 0.62 0.62 0.63

2018 2019

RM

CNY 1 = RM

12.3963

12.1699

13.0154

11.60 11.80 12.00 12.20 12.40 12.60 12.80 13.00 13.20

2018 2019

RM

THB 100 = RM

3.5615

3.7814

3.6880

3.45 3.50 3.55 3.60 3.65 3.70 3.75 3.80

2018 2019

RM

JPY 100 = RM

2.9925

2.9555

3.0453

3.0092

2.90 2.92 2.94 2.96 2.98 3.00 3.02 3.04 3.06

2018 2019

RM

SGD 1 = RM

13.4522

13.2323

13.5766

13.2225

12.50 12.70 12.90 13.10 13.30 13.50 13.70

2018 2019

RM

TWD 100 = RM

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Commodity Prices

US$380.0

%*

(high)

1 Mar 2019 %*

US$350.0 (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.

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-

3.1%*

US$65.1

1 Mar 2019

CRUDE PALM OIL -per MT-

0.1 %*

US$566.5

1 Mar 2019

RUBBER SMR 20 -per MT-

4.6%*

US$1,493.5

COCOA SMC 2 -per MT-

0.5%*

US$1,657.3

COAL -per MT-

1.4%*

US$70.6

SUGAR -per lbs-

5.1%*

US¢12.6

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest

2018/2019

22 Feb 2019 : US$67.1

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

Lowest 2018/2019

9 Mar 2018 : US$691.5

Highest

2018/2019

22 Feb 2019 : US$567.0

4 Jan 2019 : US$503.8 23 Nov 2018 : US$448.5

Lowest 2018/2019 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 Prices 1 March 2019

Steel Bars

(per MT)

RM2,100– RM2,250

Billets

(per MT) RM2,000 - RM2,100

1 Mar 2019 1 Mar 2019 1 Mar 2019

1 Mar 2019

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Commodity Prices 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.

1,518.6 1,537.3

1,594.1 1,600.4

1,580.8 1,561.0

1,523.2

1,473.5 1,479.4 1,599.1

1,665.6 1,657.3

1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar

US$/mt

Cocoa

2,240 2,241

2,253 2,262

2,286

2,275

2,264

2,290 2,300 2,295 2,294

2,299

2,200.0 2,220.0 2,240.0 2,260.0 2,280.0 2,300.0 2,320.0

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar

US$/mt

Pepper

1,249.5 1,289.0

1,281.5 1,369.5

1,379.5

1,343.0 1,341.0

1,335.5 1,319.0

1,353.0 1,428.0

1,493.5

1,200 1,250 1,300 1,350 1,400 1,450 1,500

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar

US$/mt

Rubber SMR 20

51.2

45.6 45.3 48.0

51.6

53.8 53.7 55.3

52.7 55.6

57.3 55.8 60.3

53.8 52.2

57.1 60.5

62.7 61.6 62.8 62.1

66.3 67.1 65.1

40 45 50 55 60 65 70

US$/bbl

Crude Petroleum

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

475.0 480.5

503.5 503.8

524.0

530.5 532.0

529.0 542.0 551.5

567.0 566.5

440 460 480 500 520 540 560 580

US$/mt

Crude Palm Oil

12.7

12.3 12.4

11.9 12.8

13.0

12.4

12.6 12.7 13.0

13.3

12.6

11.5 11.7 11.9 12.1 12.3 12.5 12.7 12.9 13.1 13.3 13.5

US¢/lbs

Sugar

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Commodity Prices Trends

14.6 14.7 15.4

15.8 15.7

15.4 15.7

15.9

15.8 15.7 16.0

15.3

14.0 14.5 15.0 15.5 16.0 16.5

US$/oz

Silver

39.7 40.5

41.1 41.1

41.4 41.3 41.3

42.5 42.1 42.3

42.7

42.2

38.0 38.5 39.0 39.5 40.0 40.5 41.0 41.5 42.0 42.5 43.0

14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar

US$/oz

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.

2,210 2,182 2,069 2,255 2,300 2,238 2,082 2,052 2,026 2,030 1,939 1,920 1,854 1,863

1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400

2018 2019

US$/ tonne

Aluminium

7,066 7,007 6,799 6,852 6,825 6,966 6,251 6,051 6,051 6,220 6,196 6,075 5,939 6,300

4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500

2018 2019

US$/ tonne

Copper

12,865 13,596 13,393 13,938 14,366 15,106 13,794 13,411 12,510 12,315 11,240 10,835 11,523 12,685

7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000 16,000

2018 2019

US$/ tonne

Nickel

76.34 77.46 70.35 65.75 66.10 65.04 64.56 67.15 68.44 73.41 73.26 69.15 76.16 88.22

60.0 65.0 70.0 75.0 80.0 85.0 90.0

2018 2019

US$/dmtu

Iron Ore

785.3 799.1

796.4 827.2

818.0

802.1 818.3

826.7

802.5 806.9 845.9

863.7

770.0 780.0 790.0 800.0 810.0 820.0 830.0 840.0 850.0 860.0 870.0

US$/oz

Platinum

380.0

350.0 350.0 350.0 350.0 340.0

330.0 330.0

300.0 300.0 300.0 330.0

380.0 380.0

350.0

320.0 320.0 320.0 320.0 310.0

300.0 310.0

290.0 290.0 290.0 310.0

350.0 350.0

250 270 290 310 330 350 370 390 410

30 Nov 7 Dec 14 Dec21 Dec28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar

US$/mt

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

76.1 76.1

75.2 75.6 75.6

76.3 76.6 76.3

75.1

73.8

71.6

70.0 70.6 71.0 72.0 73.0 74.0 75.0 76.0 77.0 78.0

US$/t

Coal

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MITI PROGRAMMES

MITI and Agencies Monthly Assembly

28 February 2019

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MITI PROGRAMMES

MITI Minister attended 7

^th

RCEP Intersessional Ministerial

Meeting inCambodia, 1-2 March 2019

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Direct Investment

Direct investment is a category of international investment that reflects the objective of a resident entity in one economy obtaining a lasting interest in an enterprise resident in another economy. The lasting interest implies the existence of a long-term relationship between the direct investor and the enterprise and a significant degree of influence on the management of the enterprise. An ownership of at least 10 per cent of the voting power of the enterprise is evidence of such relationship. Direct investment covers all transactions between direct investors and direct investment enterprises within the Foreign Direct Investment Relationship (FDIR). Financial instruments covered under direct investment include equity, reinvestment of earnings and debt instruments (such as inter-company loans and advances, trade credits).

Under sixth edition of the Balance of Payments and International Investment Position Manual (BPM6), direct investment is presented according to assets and liabilities basis. Asset refer to all investment abroad by both direct investors and direct investment enterprises in Malaysia, while liabilities refer to all investment in Malaysia by both direct investor and direct investment enterprises abroad.

Under fifth edition of the Balance of Payments and International Investment Position Manual (BPM5).

direct investment is presented according to directional principle basis. DIA is derived by netting off the assets of Malaysia’s direct investor with its liabilities, while FDI is derived by netting off the liabilities of Malaysia’s direct investment enterprises with its assets.

Source : External Sector Source Detail : Quarterly Balance Of Payment, DOSM Disposal of Waste

Waste elimination techniques comprising landfills, containment, underground disposal, dumping at sea and all other disposal methods.

Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM Dissolve Oxygen (DO)

Amount of gaseous oxygen (O2) actually present in water expressed in terms either of its presence in the volume of water (milligrams of O2 per litre) or of its share in saturated water (percentage).

Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM Domestic Output

Domestic output is output produced by resident enterprises.

Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM Double Deflation

Double deflation is a method whereby gross value added is measured at constant prices by subtracting intermediate consumption at constant prices from output at constant prices.

Source : National Accounts Source Detail : Gross Domestics Product (GDP), DOSM

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Inthrani Shammugam Director | (CIO)

Che Hafizah Abd Latif PA to Director

Julia Inne Azrina Mohammad Administrative Assistant

Hawa Abdullah Senior Administrative Assistant

Saripah Subairi Administrative Assistant

Nor Hasimah Che Mat Manager (Technical Support)

Shaharmilah Tharsini a/p Baniface Senior Assistant Director

Nur Asma Wanis Jusoh Administrative Assistant

Aidil Azizi Zulkifly Operational Assistant

Abdul Halim Ilias Senior Manager (EKP)

Mangaleswari a/p Arjunan Senior Assistant Director

Daniel Musa Mohd. Daud Senior Assistant Director

Azuna Hasbullah atau Abd Rahman Assistant Information

Technology Officer Fauziah Osman

Assistant Information Technology Officer

Az Azmeerudin Haji Alidin Manager (Trade Application)

Rajeswary a/p Vasu Senior Assistant Information

Technology Officer

Syamsul Abdullah Senior Assistant Information

Technology Officer Zainatul Akma Che Mat Zain

Nawal Nordin

Assistant Information Technology Officer Mohd Nadzri Yusof

Manager (Networking & ICT Security)

Siti binti Mustafa Principal Assistant

Information Technology Officer Saiful Anuar Bakhtiar

Senior Assistant Information Technology Officer Nurul Nadiah Zaine Assistant Information

Technology Officer Muhammad Abd Ghani

Saharudin Abdul Rahman Assistant Information

Technology Officer Mohd Farhan Omar Assistant Information

Technology Officer Muhamad Syafiq

Sahudin Assistant Information

Technology Officer Wan Mohd Nadzir Hadzril Wan Ismail Senior Assistant Director

Khairul Ismail Assistant Information Technology

Officer Mohd. Hafiz

Mohd.

Hawari Computer Technician

Marina Zainal Assistant Information Technology Officer Mohd Hasri Hassan Assistant Director Rosnurniza Hamzah Manager (Industry

Application)

Halidawati Ibrahim Assistant Information Technology

Officer

Azreen Elny Ahmad Tarmizi Assistant Director

Siti Noor Aina Abdul Hamid Assistant Information Technology Officer Kamilah Adnan

Manager (AU & EG)

Siti Norhayati Md Yusof Senior Assistant Director

Sumaiah Ramli Senior Assistant Director

Azwady Mohd Kassim Senior Assistant Information

Technology Officer Mohd Faizal Ali

Senior Assistant Director

Kumaravel a/l Kangaratnam Senior Assistant Director

Muhammad Farid Md Jan Computer Technician Mabel Anak Dominic Madai

Senior Assistant Director

Nur Wahidah Mohamed Senior Assistant Director

Sivaganasan a/l Rama- lingan Senior Assistant Director

Information Management

MITI at Your Service

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For more information, kindly click the following links:

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PROGRAMME

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Tentative Schedule for MITI Pocket Talks 2019

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NO DATE VENUE TOPIC

1 14 March (Thursday)

MITI PENANG

Introduction to

FTA &

Preferential certificate of Origin (PCO) 2 11 April

(Thursday) MITI HQ (SEMINAR 1) 3 16 May

(Thursday) MITI JOHOR 4 20 June

(Thursday) MITI HQ (SEMINAR 1) 5 18 July

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MITI PAHANG 6 22 August

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NOTICE_082018_-_Update_on_Number_of_Characters_for_Importing_HS_Code.pdf

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