PRIME MINISTER MEETS WITH INDUSTRY STAKEHOLDERS

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MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

Weekly

Weekly BULLETIN BULLETIN

VOLUME 634 VOLUME 634

20 April 2021 | NO. ISSN :2180-0448 20 April 2021 | NO. ISSN :2180-0448

MEDIA RELEASE

Prime Minister, YAB Tan Sri Muhyiddin Yassin today met with more 48 local and international industry associations as well as chambers of commerce, accompanied by Senior Minister and Minister of International Trade and Industry YB Dato’ Seri Mohamed Azmin Ali at Menara MITI. The event was organised by Ministry of International Trade and Industry (MITI) in full adherence to the Standard Operating Procedures set by the National Security Council.

The initiative was timely as Malaysia progresses towards expedited economic recovery amidst the background of a very challenging economic landscape faced by not only Malaysia, but other world economies too. The meeting provided a conducive avenue for industry stakeholders to share on-the- ground issues, provide constructivesuggestions to the Government and discuss opportunities to help industry players reinvigorate their businesses that have been affected by the COVID-19 pandemic.

The feedback from the industry players is invaluable for the Government to ensure the execution of a more effective and strategic facilitation for companies in Malaysia including Small and Medium Enterprises, Mid-Tier Companies and Multinational Companies, in our efforts to achieve a balance in protecting public health and livelihoods for economic sustainability.

The matters discussed at the session included the need to prioritise industry players who are regarded as the nation’s economic frontliners for the National Vaccination Programme; utilisation of economic stimulus packages introduced by the Government; flexibility of financing mechanism and price control for the selected products / industry; manpower management and talent requirement; improved facilitations for new investments; swift ratification of the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP); and resumption of the Malaysia-EU Free Trade Agreement (MEUFTA);

as well as the development of the new National Investment Aspiration (NIA).

YB Dato’ Seri Mohamed Azmin shared in his remarks on the pivotal role industry stakeholders play in transforming and future-proofing the Malaysian economy.

“It bears stressing that the agenda of defining Malaysia’s investment value proposition is encapsulated in our NIA, a forward-looking strategy aimed at

PRIME MINISTER MEETS WITH INDUSTRY STAKEHOLDERS

TO DISCUSS WAY FORWARD FOR ECONOMIC RECOVERY

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MEDIA RELEASE

attracting quality investments driven by innovation, high-technology, green economy and greater inclusion of domestic supply chains,” he said.

“At the same time, we have taken on board the need to ensure that reforms are aligned with global benchmarks, including the Environment, Social and Governance (ESG) goals. In addition, outcomes on this front will also reflect our commitment in facilitating investors, enhancing efficiency and improving the ease of doing business,” the Senior Minister added.

During the session, the attendees were also informed of the positive impact MITI’s Safe@Work Programme can bring to their businesses. Safe@Work is a risk mitigation programme that helps companies remain productive by empowering employers to provide safe accommodation for their employees and to effectively manage the employees who have been tested positive for COVID-19, their close contacts, health screening as well as measures to prevent transmission among employees.

Moving forward, MITI will continue to join forces with other Ministries and Government Agencies and most importantly with the industry players, to ensure Malaysia is well on its way to revitalise its economy, post-pandemic.

TRADE PERFORMANCE FOR FEBRUARY 2021 AND THE TRADE PERFORMANCE FOR FEBRUARY 2021 AND THE

PERIOD OF JANUARY- FEBRUARY 2021 PERIOD OF JANUARY- FEBRUARY 2021

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY 15 APRIL 2021

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RUBBER STATISTICS, FEB 2021 RUBBER STATISTICS, FEB 2021

Malaysia’s natural rubber production in February 2021 amounted 49,840 tonnes, decreased 0.1 per cent as compared to 49,894 tonnes in February 2020 but increased by 9.0 per cent from last month. Smallholdings sector was the main contributor to the natural rubber production of 90.9 per cent. Production of smallholdings decreased by 1.2 per cent while estate sector increased by 12.2 per cent as compared to February 2020.

Domestic consumption of natural rubber in February 2021 was 44,697 tonnes, increased by 7.8 per cent against 41,470 tonnes in February 2020 while month- on-month comparison showed a decrease 5.1 per cent from 47,101 tonnes in the last month. Rubber glove industry was the main industry for the use of natural rubber at 34,764 tonnes (77.8%).

Mala ysia Sta tistics

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ICT USE AND ACCESS BY INDIVIDUALS AND HOUSEHOLDS, 2020 ICT USE AND ACCESS BY INDIVIDUALS AND HOUSEHOLDS, 2020

Mala ysia Sta tistics

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Mala ysia Sta tistics

ICT USE AND ACCESS BY INDIVIDUALS AND HOUSEHOLDS, 2020

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Interna tional R e por t

Source: https://www.trademap.org/

WORLD TRADE, 2020 WORLD TRADE, 2020

EXPORT VALUE (USD '000) EXPORT VALUE (USD '000)

IMPORT VALUE (USD '000)

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MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Source: https://www.trademap.org/index.aspx

Interna tional Mer chandise T rade

*Notes:

- HS911180

- % refer to share in world exports

In 2019, Malaysia’s export of Incomplete watch movements, assembled recorded US$ 39.83 million which was 30.5% share of the

world exports .

1 2 3 4 5

MALAYSIA HONG

KONG P.R.CHINA SINGAPORE

CHINESE TAIPEI

US$ 9.83m 30.5%

US$ 8.97m 6.9%

US$ 18.17m 13.9%

US$ 28.33m 21.7%

US$ 29.19m 22.4%

MALAYSIA'S TOP FIVE EXPORT DESTINATION WORLD LARGEST EXPORTER OF INCOMPLETE WATCH WORLD LARGEST EXPORTER OF INCOMPLETE WATCH

MOVEMENTS, ASSEMBLED MOVEMENTS, ASSEMBLED

4 2 SINGAPORE 1 3

HONG KONG

JAPAN P.R.CHINA

US$ 31.56m

US$ 4.88m

US$ 3.38m

US$ 0.004m

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Number of PCO as at 11 April 2021 Weekly / Monthly/ Annually

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

24 Jan 31 Jan 7 Feb 14 Feb 21 Feb 28 Feb 7 Mar 14 Mar 21 Mar 28 Mar 4 Apr 11 Apr 2021

No. of Certificate of Origin

Total CO by Scheme

AANZFTA AIFTA AJCEP ATIGA ACFTA AKFTA MICECA MNZFTA

MCFTA MAFTA MJEPA MPCEPA GSP MTFTA AHKFTA

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

4 5 6 7 8 9 10 11 12 13 14 15

2021 Total No of CO

TOTAL BILATERAL TOTAL REGIONAL

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

Total No of CO

TOTAL BILATERAL TOTAL REGIONAL 0

10,000 20,000 30,000 40,000 50,000 60,000

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

2020 2021

Total No of CO

TOTAL BILATERAL TOTAL REGIONAL

Weekly

Annually Monthly

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

Weekly Total Scheme

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Regional FTA

Number of Preferential Certificates of Origin (PCOs)

0 10 20 30 40 50 60

24 Jan 31 Jan 7 Feb 14 Feb 21 Feb 28 Feb 7 Mar 14 Mar 21 Mar 28 Mar 4 Apr 11 Apr

2021

Generalised System of Preferences (GSP)

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

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

2021

ASEAN Trade in Goods Agreement (ATIGA)

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

2021

ASEAN-China Free Trade Agreement (ACFTA)

0 200 400 600 800 1,000 1,200

2021

ASEAN-Korea Free Trade Agreement (AKFTA)

0 50 100 150 200 250 300 350 400

2021

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

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

2021

ASEAN-India Free Trade Agreement (AIFTA)

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

2021

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

0 1 2 3 4 5 6 7 8

2021

ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA)

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Bilateral FTA

Number of Preferential Certificates of Origin (PCOs)

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

2021

Malaysia-Japan Economic Partnership Agreement (MJEPA)

0 20 40 60 80 100 120 140 160 180

2021

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00

2021

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

0 10 20 30 40 50 60 70 80 90 100

2021

Malaysia-Chile Free Trade Agreement (MCFTA)

0 50 100 150 200 250 300 350 400 450

2021

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

0 100 200 300 400 500 600

2021

Malaysia-Australia Free Trade Agreement (MAFTA)

0 50 100 150 200 250 300 350

2021

Malaysia-Turkey Free Trade Agreement (MTFTA)

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Malaysian Ringgit Exchange Rate with Selected Countries, January 2020 - March 2021

Source : Bank Negara Malaysia

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

4.0797

4.3553

4.0369 4.1097

4.01 4.06 4.11 4.16 4.21 4.26 4.31 4.36 4.41

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

2020 2021

RM

USD 1 = RM

8.0282

8.6299

8.4597

7.70 7.80 7.90 8.00 8.10 8.20 8.30 8.40 8.50 8.60 8.70

2020 2021

RM

PHP 100 = RM

0.0176

0.0186

0.0175 0.0178

0.0174 0.0176 0.0178 0.0180 0.0182 0.0184 0.0186 0.0188

2020 2021

RM

VND 100 = RM

52.4788

56.1859

52.0700 52.9233

51.50 52.00 52.50 53.00 53.50 54.00 54.50 55.00 55.50 56.00 56.50

2020 2021

RM

HKD 100 = RM

0.0297

0.0276 0.0302

0.0285

0.027 0.028 0.028 0.029 0.029 0.030 0.030 0.031

2020 2021

RM

IDR 100 = RM

5.7224 5.8234

5.5072

5.6422

5.40 5.45 5.50 5.55 5.60 5.65 5.70 5.75 5.80 5.85 5.90

2020 2021

RM

INR 100 = RM

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5.1%*

US$71.0

SUGAR -per lbs-

7.5%*

US$16.6

0.8%*

US$1,638.5

Commodity Prices

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

%*

US$430.0 (low) US$440.0

%*

(high)

16 Apr 2021

1.6%*

US$1,434.5 RUBBER SMR 20 -per MT- COCOA SMC 2 -per MT-

COAL -per MT- SCRAP IRON HMS -per MT-

Average Price 2020 ⁱ: US$1,333.4 Average Price 2020 ⁱ: US$1,576.6 Average Price 2020 ⁱ: US¢12.9

Average Price 2020 ⁱ: US$307.9 (high) Average Price 2020 ⁱ: US$284.7 (low) Average Price 2020 ⁱ: US$47.7

Domestic Prices

16 Apr 2021

Steel Bars

(per MT)

RM2,750 – RM2,900

Billets

(per MT) RM2,450- RM2,550

16 Apr 2021 16 Apr 2021 16 Apr 2021

16 Apr 2021

5.8%*

US$66.6

CRUDE PETROLEUM (BRENT) -per bbl-

16 Apr 2021

CRUDE PALM OIL -per MT-

1.4%*

US$1,018.6

16 Apr 2021

03 Jan 2020 : US$68.6

Highest

2020/2021

5 Mar 2021 : US$69.4

15 Jan 2021 : US$55.1 24 Apr 2020 : US$21.4

Lowest 2020/2021

24 Dec 2020 : US$944.2

Highest

2020/2021

9 Apr 2021 : US$1,033.3

22 Jan 2021 : US$884.7 8 May 2020 : US$473.0

Lowest 2020/2021 Average Price 2020 ⁱ: US$43.5 Average Price 2020ⁱ: US$668.3

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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.

1,498.5

1,460.3 1,508.2

1,477.7 1,568.1

1,647.2

1,621.3 1,594.5

1,543.5

1,501.3

1,458.0 1,434.5

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

29 Jan 5 Feb 11 Feb 19 Feb 26 Feb 5 Mar 12 Mar 19 Mar 26 Mar 1 Apr 9 Apr 16 Apr 2021

US$/mt

Cocoa

1,581.5 1,620.5

1,615.5 1,690.0

1,846.5

1,756.0 1,796.5

1,779.0

1,692.5

1,652.0

1,626.0 1,638.5

1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850

US$/mt

Rubber SMR 20

52.2 56.9

59.5 59.2 61.5

66.1 65.6

61.4 61.0 61.5 59.3

63.5

55.9 59.3

62.4 62.9 66.1

69.4 69.2

64.5 64.6 64.9 63.0

66.6

40.0 45.0 50.0 55.0 60.0 65.0 70.0 75.0 80.0

US$/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl 15.8

16.4

15.8

16.9 16.8

16.4 16.1

15.8

15.2

14.7 15.4

16.6

14.0 14.5 15.0 15.5 16.0 16.5 17.0 17.5

US¢/lbs

Sugar

945.4

957.2 959.1

968.7 987.8

967.5 1,018.5

967.3 968.0

990.8 1,033.3

1,018.6

900 920 940 960 980 1,000 1,020 1,040

US$/mt

Crude Palm Oil

2,453 2,472 2,491 2,491 2,488 2,486 2,500 2,562

2,679 2,837

2,978 3,138

2,300.0 2,400.0 2,500.0 2,600.0 2,700.0 2,800.0 2,900.0 3,000.0 3,100.0 3,200.0

US$/mt

Pepper

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26.9 27.0

27.3 27.3

26.4

25.3 25.9

26.3

25.1 24.9

25.3 26.1

24.0 24.5 25.0 25.5 26.0 26.5 27.0 27.5 28.0

US$/oz

Silver

59.9

58.0 58.4

57.4

56.0

54.5 54.8 55.8

55.7 55.5 56.0

57.1

54.0 55.0 56.0 57.0 58.0 59.0 60.0 61.0

US$/g

Gold

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

1,871 1,845 1,781 1,756 1,

797 1,741 1,754 1,726 1,775 1,771 1,773 1,688 1,611 1,460 1,466 1,569 1,644 1,737 1,744 1,806 1,935 2,015 2,004 2,079 2,190

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

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

2019 2020 2021

US$/ tonne

Aluminium

6,439 6,438 6,018 5,882 5,941

5,709 5,759 5,757 5,860 6,077 6,031 5,688 5,183 5,058 5,240 5,755 6,372 6,499 6,705 6,714 7,069 7,772 7,972 8,471 8,988

4,000 5,000 6,000 7,000 8,000 9,000 10,000

2019 2020 2021

US$/ tonne

Copper

13,026 12,773 12,016 11,944 13,546 15,749 17,657 17,046 15,172 13,829 13,507 12,716 11,846 11,804 12,180 12,

727 13,

402 14,538 14,857 15,239 15,808 16,823 17,863 18,584 16,407

7,000 9,000 11,000 13,000 15,000 17,000 19,000 21,000

2019 2020 2021

US$/ tonne

Nickel

Commodity Price Trends

86.47 93.70 100.15 108.94 120.24 93.07 93.08 88.53 84.98 92.65 95.76 87.68 88.99 84.73 93.65 103.30 108.52 121.07 123.75 119.78 124.36 155.43 169.63 164.77 168.18

50.0 70.0 90.0 110.0 130.0 150.0 170.0 190.0

2019 2020 2021

US$/dmtu

Iron Ore

1,079.2 1,133.0

1,259.0 1,293.1

1,185.3

1,128.3 1,200.3

1,200.1 1,177.9

1,208.6 1,209.3

1,208.7

950.0 1,000.0 1,050.0 1,100.0 1,150.0 1,200.0 1,250.0 1,300.0 1,350.0

US$/oz

Platinum

480.0

405.0 405.0

470.0 470.0 470.0 470.0

452.0 452.0 455.0 440.0 440.0 460.0

395.0 395.0

450.0 455.0 455.0 455.0

427.0 427.0 425.0 430.0 430.0

350.0 370.0 390.0 410.0 430.0 450.0 470.0 490.0

US$/mt

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

67.8 66.5

67.0

66.0 66.2 65.3

66.1 68.5

68.5 70.2

67.6 71.0

63.0 64.0 65.0 66.0 67.0 68.0 69.0 70.0 71.0 72.0

US$/t

Coal

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For more information, kindly click the following links:

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ALL Y OU NEED T O KNO W ...

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ALL Y OU NEED T O KNO W ...

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SAFE@WORK SAFE@WORK

Announcements

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SAFE@WORK SAFE@WORK

Announcements

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Announcements

COVID & MCO

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Announcements

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For more information, please contact :

Bagi sebarang pertanyaan berkaitan MITI seperti operasi sektor ekonomi atau amalan BDR/WFH sila hubungi talian hotline MITI seperti di atas.

03-6200 0468 / 69 / 57 allaki@miti.gov.my

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Announcements

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Announcements

WE ARE GOING BOTH WORLDS ! WE ARE GOING BOTH WORLDS !

Due to the recent announcement of Movement Control Order (MCO/PKP) by the Government, the Population and Housing Census 2020 will continue

in dual mode; face-to-face interview and online. Please be counted by participating in e-Census at :

Stay Home | Keep Calm |Your Data | Our Future http://ecensus.mycensus.gov.my

Please contact @MyCensus2020 helpdesk for further assistance.

Hotline : 1-800-88-7720

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