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MINISTRY OF

INTERNATIONAL TRADE AND INDUSTRY

VOLUME 574 VOLUME 574

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

18 February 2020 | NO. ISSN : 2180-0448

In 2019, exports of manufactured goods with value RM834.17 billion, accounted for a larger share of total exports at 84.6%

compared to 83.4% in 2018

Media Release

Weekly

BULLETIN BULLETIN

PENGERANG ENERGY COMPLEX TO BE ONE OF THE LARGEST INTEGRATED CONDENSATE SPLITTER

AND AROMATICS FACILITIES IN THE WORLD

Pengerang Energy Complex Sdn. Bhd. (PEC) during a meeting with YB Datuk Darell Leiking, Minister of International Trade and Industry at the Ministry of International Trade and Industry (MITI) on 13 February 2020, informed that the construction of PEC would commence by the middle of 2020. The commercial production of the project is targeted to commence in the fourth quarter of 2023. This USD3.4 billion (RM14.3 billion) project was secured by the Malaysian Investment Development Authority (MIDA) in 2018.

Upon completion in 2023, PEC will be one of the world’s largest integrated Condensate Splitter and Aromatics facilities, with the capacity of 150,000 barrels per day. It will generate US$5 billion in annual export turnover for Malaysia.

“This capital intensive project which involves fully automated processes, will also benefit the local workforce through the transfer of the company’s cutting edge technology and technical know-how. The company plans to recruit over 200 highly skilled Malaysian engineers and technical staff that will provide good career opportunities and a learning platform for Malaysian employees in all aspects of the chemical business. Pengerang Energy Complex Sdn. Bhd. will certainly be in the list of success stories in the years ahead,” said YB Datuk Darell Leiking.

PEC will receive long term supplies of feedstock from major international oil companies.

Leading Japanese, Chinese and Korean Trading Houses have committed to off-take the aromatics products. Maire Tecnimont S.p.A, a multinational group, and one of the leaders within the field of plant engineering is one of the selected engineering, procurement, construction and commissioning (EPCC) Contractors of the PEC project.

Ministry of International Trade & Industry 17 February 2020

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MINISTRY OF

INTERNATIONAL TRADE AND INDUSTRY

DRIVING DOMESTIC INVESTMENT FOR EXPORT OPPORTUNITIES

A new era of investment and export-led growth is coming. In 2020, Malaysia will be undertaking extensive reforms of the investment process in order to improve the ease of doing business for both foreign and domestic investors. Domestic investors, in particular, will be encouraged to aggressively pursue export opportunities in new overseas markets.

The Ministry of International Trade and Industry (MITI) under the leadership of Minister Datuk Darell Leiking has taken on board the constructive feedback offered by investors and other stakeholders on how to improve the investment process in order to better drive economic growth towards achieving Malaysia’s vision of Shared Prosperity 2030.

YB Datuk Darell said that, “Investors can expect red tape to be cut, bureaucracy to be reduced, and the approval process to be streamlined in order to expedite the realisation of investment. MITI recognises that delayed investments mean deferred prosperity. Speed and quality is of the essence.”

We recognise that Malaysia remains a compelling investment destination due to its stability, good governance, cost competitiveness, and strategic location in the centre of ASEAN. Reforms will help to ensure that Malaysia retains its place as a premier destination and home for quality investment.

A new era of investment and export-led growth is coming. In 2020, Malaysia will be undertaking extensive reforms of the investment process in order to improve the ease of doing business for both foreign and domestic investors. Domestic investors, in particular, will be encouraged to aggressively pursue export opportunities in new overseas markets.

Media Release

(3)

In doing so, Malaysia seeks to remain true to its ambition to become a preferred investment destination for innovative and knowledge-intensive investments within high- growth and high-value sectors.

Foreign Direct Investment (FDI) has assumed a paramount role in Malaysia’s emergence as a dynamic and vibrant industrialising nation. The substantial inflows of FDI in the manufacturing sector over the last 50 years have been instrumental in Malaysia’s rapid economic growth. The Government will continue to seek quality FDI with high-value added and high technology features.

At the same time, inspired by the economic example of Japan, South Korea, and China, Malaysia seeks a renewed focus on turning domestic companies into global players.

The Malaysian market on its own is too small to offer the scale needed for global competitiveness, firms must look to regional and world markets and export products with greater added value. MITI, in conjunction with its Malaysia External Trade Development Corporation (MATRADE), is looking closely at diversifying exports to Africa, Central Asia, and Latin America in the coming year.

The government will intensify its efforts in facilitating more domestic direct investments (DDI) with greater specialisation in catalytic subsectors, namely Chemicals & Chemical Products, Electric & Electronics and Machinery & Equipment industries; high-growth subsectors, namely Aerospace and Medical Devices; and, other targeted industries which include Consumer Technology, E-Commerce, Renewable Energy, Smart Agriculture, Smart Technology and the Shared Economy. These sectors stand out due to strong inter- linkages with other sub-sectors and their capability to support the development of the manufacturing sector overall, as well as related services.

“MITI, through the Malaysian Investment Development Authority (MIDA), has been undertaking various domestic investment promotion programmes including spearheading initiatives to connect local companies and SMEs with multinational companies (MNCs) and large local corporations (LLCs) through industrial linkages programmes and supply chain conferences.

“MIDA has also undertaken an initiative known as the Domestic Investment Coordination Platform (DICP) to assist local companies or SMEs by bridging or narrowing their financial and technology gaps through strategic collaborations and joint ventures with financial institutions, equity firms, and technology providers,” said YB Datuk Darell.

MITI will continue to work in close collaboration with Ministry of Finance (MOF), the Central Bank of Malaysia (BNM), and all investment agencies to ensure relevant and specific measures to improve domestic investment are incorporated in the upcoming stimulus package, soon to be announced by MOF.

Along with initiatives under development in MITI’s New Industrial Master Plan (IMP), and a renewed focus on opening up new overseas markets, improvements in the domestic investment landscape will enable more Malaysian companies to become global players.

This will lay the foundations for greater prosperity for Malaysian companies and workers as we reach for the heights of economic development.

For further enquiries, you may contact:

Puan Jamaliah Hamzah Director

Investment Policy and Trade Facilitation Division Ministry of International Trade and Industry (MITI) Level 8, Menara MITI,

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

Telephone Number: (603) 6208 4663

E-mail address: jamaliah.hamzah@miti.gov.my

Media Release

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Media Release

MINISTRY OF

INTERNATIONAL TRADE AND INDUSTRY

The new National Automotive Policy, NAP2020 would be launched by YAB Tun Dr.

Mahathir Mohamad, Prime Minister of Malaysia on Friday, 21st February 2020, at the Ministry of International Trade and Industry (MITI).

NAP2020 is formulated to elevate Malaysia’s automotive industry to the next phase of industrial competitiveness, in line with the changing landscape of mobility within the global markets.

The automotive sector has been a prime mover of Malaysia’s industrialisation drive since the early 1980’s in allowing meaningful participation of Malaysian businesses and talents in the fields of science, engineering and technology.

The sector has grown into a national automotive ecosystem that includes vehicle manufacturers, parts and components suppliers, engineering services, full-fledged product and process design facilities. It has also created a robust aftermarket segment and accelerated the critical mass of talent involved in other high value sectors along the industry’s value chain and across the manufacturing sector.

To ensure a continuation of such meaningful participation within the industry, the Government has put emphasis on resources to ensure that the next technology acceleration curve would be in line with emerging trends surrounding transportation and mobility, as well as, allowing for clean energy technology adoption. The Government focusses on building strategic ties with industry players towards enhancing local talents’ capacity and development. Supporting the growth of automotive players remains as key priority area embedded in the policy.

The Government has taken into account all feedbacks obtained from the industry as well as improvement opportunities learned from previous national automotive policies. As an outcome, the NAP2020 is a product of arduous benchmarking, longstanding research, strategic planning and rigorous consultation with various stakeholders to determine the right balance between the current needs of industry players and the requirement to align those strategies with future demands of global automotive and mobility trends.

Ministry of International Trade and Industry 13 February, 2020

NATIONAL AUTOMOTIVE POLICY 2020

TO BE ANNOUNCED ON 21 FEBRUARY 2020

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Malaysia Statistics

Malaysia Economic Performance, 2019

Malaysia's economy grew 4.3 per cent in 2019 Malaysia's economy grew 4.3 per cent in 2019

RM1.23T 4.4%

2016

RM1.30T

5.7% RM1.36T 4.7%

2018

RM1.42T 4.3%

2019

GDP at constant 2015 prices , % refer to Y-o-Y Growth Notes:

57.7% 57.7%

22.3%

7.1%

7.1%

4.7%

Production Production

Expenditure Expenditure

Manufacturing

RM316.4b 3.8%

RM101.6b 1.5%

Agriculture

RM101.3b 1.8%

Construction RM66.3b

0.1%

Import duties RM15.8b

1.2%

Services

RM819.2b 6.1%

1.1%

GDP 2019 RM1.420T

4.3%

Mining and quarrying

Private final consumption

expenditure

Government final consumption

expenditure

Gross fixed capital

formation Exports Imports

RM834.6b

7.6% RM173.b

2.0% RM328.4b

2.1% RM909.7b

1.1% RM805.9b 2.3%

• Food &

non-alcoholic beverages

•Restaurants &

hotels

•Transport

• Structure

•Machinery and equipment

• Goods

•Services

• Goods

• Spending on supplies and services

Source: Department of Statistics, Malaysia

2017

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Food, Beverages and Tobacco

RM57.86 billion

7.9%

Malaysia Statistics

Source: Department of Statistics, Malaysia

Note: % refer to Y-o-Y Growth

Balance of payment, 2019

Investment performance, 2019

Malaysia's current account balance recorded RM49.7 billion

as against RM30.6 billion in 2018

2011 2012 2013 2014 2015 2016 2017 2018 2019

99.3 50.2 35.5 48.6 35.2 29.9 38.3 30.6 49.7

-- -49.5 -29.3 36.8 -27.6 -14.9 28.0 -20.1 62.6

RM billion

Goods

Surplus:RM125.5 bil.

Direct Investment

Net inflow:RM9.4 bil.

Portfolio Investment

Net outflow:RM37.7 bil.

Financial Derivatives

Net outflow:RM0.4 bil.

Other Investments

Net outflow:RM5.7 bil.

Current Account

Services

Deficit:RM10.9 bil.

Secondary income

Deficit:RM 21.4 bil.

Primary income

Deficit:RM43.5 bil.

Financial Account

%

% % % %

Foreign Direct Investment (FDI)

FDI flows in Malaysia recorded net inflow of RM32.8 billion in the 2019 compared to RM32.6 billion last year.

Direct Investment Abroad (DIA)

Malaysia’s DIA flows registered net outflow of RM23.3 billion in 2019 compared to RM21.3 billion in

previous year.

2019 FDI

RM32.8 billion

2019 DIA

RM23.3 billion

(7)

Statistics of International Trade in Services

Transport Equipment & Other Manufactures

Travel boosts Malaysia's Services Exports to record RM169.4 billion in 2019

Source: Department of Statistics, MalaysiaNote: % refer to Y-o-Y Growth

Credit:RM169.4 bil. 4.5%

Travel

Debit:RM180.2 bil. 0.2%

Transport

Construction Financial services

Telecommunications, computer and information services Manufacturing services on physical inputs owned by others

Personal, cultural and recreational services Maintenance and repair services n.i.e.

Insurance and pension services

Charges for the use of intellectual property n.i.e.

Government goods and services n.i.e.

Other business services

RM2.1 bil.

0.7%

RM82.1 bil.

3.7%

RM21.6 bil.

5.6%

RM12.2 bil.

7.3%

RM11.8 bil.

2.1%

RM2.6 bil.

23.8%

RM2.6 bil.

8.0%

RM2.4 bil.

16.9%

RM1.4 bil.

12.9%

RM0.9 bil.

14.8%

RM0.3 bil.

0.3%

RM29.3 bil.

9.2%

Malaysia Statistics

RM51.2 bil.

4.1%

RM47.4 bil.

1.3%

RM14.5 bil.

10.1%

RM0.5 bil.

0.8%

RM5.6 bil.

51.8%

RM2.7bil.

5.6%

RM3.3 bil.

0.5%

RM9.7 bil.

1.7%

RM9.2 bil.

13.2%

RM1.1bil.

0.2%

RM32.9 bil.

7.7%

RM2.2 bil.

15.6%

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Sustainable Development Goals Indicators

Cluster 4: Environment & Natural Resources

Goal 6: Clean Water & Sanitation 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 15.1.1: Forest area as a proportion of total land area

The proportion of the forest area has decreased by 0.4 percentage points to 55.0 per cent in 2017 as compared to 2016 (55.4%).

Sarawak showed the highest proportion of forest area with 62.9 per cent, followed by Sabah (61.9%) and Pahang (57.2%). Meanwhile, Melaka recorded the lowest proportion of forest area with 3.1 per cent.

Figure 15.2: Forest area as a propotion of total land area by state, 2017

Indicator 15.7.1: Propotion of traded wildlife that was poached or illicitly trafficked

The number of wildlife crime cases increased to 1,618 cases in 2017 compared to 1,329 cases in 2016.

Figure 15.3: Number of wildlife crime cases, 2016 and 2017

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Merchandise Trade Statistics

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

World largest exports of Machine tools for working any material by removal of material, operated by ultrasonic processes (excluding cleaning apparatus operated by

ultrasonic processes and material testing machines)*

1

2

3

5

4

Top Five Malaysia Export Destinations

1

1 MALAYSIA US$25.6m 24.9%

2

2

GERMANYUS$17.4m16.9%

3

3

US$11.8mITALY11.5%

4

4

US$7.3mUSA7.1%

5 5

CHINA US$6.7m

6.5%

USA

US$14.5m

CHINA US$2.5m

UNITED KINGDOM

US$1.7m

GERMANY US$1.2m SINGAPORE

US$1.6m

Notes:

-*HS 845620

-% refer to share in world exports

In 2018, Malaysia’s export of Machine tools for working any material by removal of material, operated by ultrasonic processes (excluding cleaning apparatus operated by ultrasonic processes and material testing machines) recorded

US$25.6 million with 24.9% share to the world exports .

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Robotics and Factory Automation Equipment:

Whole spectrum of integrated automation solutions for industrial manufacturing with particular emphasis on mechanical engineering and robotics for various industries.

G L O S S A RY

Source: http://www.miti.gov.my /index.php/glossary

A preferential trade agreement or free trade agreement, signed between countries in the same region (often located near to each other).

Regional Trade Agreements:

Refers to agreements between countries in a geographic region to reduce, and ultimately remove, tariffs and non-tariff barriers to facilitate the free flow of goods and services between one another.

In 2009 APEC Senior Officials agreed on a threefold comprehensive approach to accelerating regional economic integration – liberalizing trade and investment flows “at the border”, improving the business environment “behind the border”, and enhancing physical connectivity “across the border”.

Regional Economic Integration:

Refers to the expression of a common sense of identity and purpose combined with the creation and implementation of institutions that express a particular identity and shape collective action within a geographical region. Regionalism is a theory and action implemented by governments for trade liberalization or facilitation in a region, or carried out through free trade areas or customs unions (WTO definition).

Regionalism:

The service sector, also called the tertiary sector, is one of the three parts of the economy in the Three-sector hypothesis. This hypothesis breaks the economy into three main areas so it can be better understood. The other two are the primary sector, which covers areas such as farming, mining and fishing;

and the secondary sector which covers manufacturing and making things. The service sector provides a service, not an actual product that could be held in your hand. Activities in the service sector include retail, banks, hotels, real estate, education, health, social work, transport, computer services, recreation, media, communications, electricity, gas and water supply.

Services:

Safeguard Measures:

Action taken to protect a specific industry from an unexpected build-up of imports - generally governed by Article 19 of GATT. The Agriculture Agreement and Textiles and Clothing Agreement have different specific types of safeguards: “special safeguards” in agriculture, and

“transitional safeguards” in textiles and clothing.

A legally binding obligation for the implementation of PIC procedure on chemical trade.

Rotterdam Convention:

Preferential trade agreements (bilateral and regional PTAs) create fundamental conflicts with multilateralism in that they promote trade liberalization based on discrimination between members of those agreements and non-members. The Spaghetti Bowl Effect is an illustration of the complicated situation which occurs when products are brought into important markets by various ways depending on their origins. Globalization of production makes the identification process of product origins more difficult.

Spaghetti Bowl Effect:

Sales/purchase contract where the seller’s responsibility ends when goods are handed over to the first carrier

Shipment Contract:

The process of transforming a used product to as good as new condition by rebuilding its component parts back to its functionality performance specifications and also by replacing unbuildable parts with brand new components and carries an acceptable warranty period as to a brand new (similar) product manufactured by the Original Equipment Manufacturers (OEMs).

Remanufacturing:

Designing, building and construction of all types of floating vessels

Shipbuilding:

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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 35 40 45 50

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 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.

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 3,500

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

ASEAN Trade in Goods Agreement (ATIGA)

Total FOB (RM mil.) Total CO

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

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

ASEAN-China Free Trade Agreement (ACFTA)

Total FOB (RM mil.) Total CO

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

0 100 200 300 400 500 600

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

ASEAN-Korea Free Trade Agreement (AKFTA)

Total FOB (RM mil.) Total CO

0 50 100 150 200 250 300 350

0 20 40 60 80 100 120 140

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

Total FOB (RM mil.) Total CO

0 100 200 300 400 500 600 700 800 900

0 50 100 150 200 250 300 350

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

ASEAN-India Free Trade Agreement (AIFTA)

Total FOB (RM mil.) Total CO

0 200 400 600 800 1,000 1,200

0 20 40 60 80 100 120

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

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

Total FOB (RM mil.) Total CO

(12)

Sale s V alu e

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

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

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

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

Total FOB (RM mil.) Total CO

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

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

Total FOB (RM mil.) Total CO

0 10 20 30 40 50 60 70 80

0 10 20 30 40 50 60 70 80 90 100

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

Malaysia-Chile Free Trade Agreement (MCFTA)

Total FOB (RM mil.) Total CO

0 50 100 150 200 250 300 350 400 450 500

0 20 40 60 80 100 120

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

Total FOB (RM mil.) Total CO

0 100 200 300 400 500 600 700

0 10 20 30 40 50 60

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

Malaysia-Australia Free Trade Agreement (MAFTA)

Total FOB (RM mil.) Total CO

0 50 100 150 200 250 300 350 400

0 20 40 60 80 100 120 140 160 180 200

24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan 26 Jan 2 Feb 9 Feb No. of Certificate of Origin

RM mil.

Malaysia-Turkey Free Trade Agreement (MTFTA)

Total FOB (RM mil.) Total CO

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

(13)

Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries, January 2019 - January 2020

US Dollar

Euro

South Korean Won

Pound Sterling

Australian Dollar

Brunei Dollar

4.1161

4.0746

4.1881

4.0797

4.06 4.08 4.10 4.12 4.14 4.16 4.18 4.20

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

2019 2020

RM

USD 1 = RM

4.7037

4.5321 4.50

4.55 4.60 4.65 4.70 4.75

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

2019 2020

RM

EUR 1 = RM

0.3670

0.3461

0.3499

0.34 0.34 0.35 0.35 0.36 0.36 0.37 0.37

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

2019 2020

RM

KRW 100 = RM

5.3068

5.0895

5.4393 5.3343

5.00 5.05 5.10 5.15 5.20 5.25 5.30 5.35 5.40 5.45 5.50

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

2019 2020

RM

GBP 1 = RM

2.9415

2.8027

2.75 2.80 2.85 2.90 2.95 3.00

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

2019 2020

RM

AUD 1 = RM

3.0350

3.0091

3.0566

3.0204

3.00 3.01 3.02 3.03 3.04 3.05 3.06

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

2019 2020

RM

BND 1 = RM

(14)

%*

US$260.0 (low) US$280.0

%*

(high)

14 February 2020 5.2%*

US$57.3

US$44.1

%*

0.5%*

US$1,817.2

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-

14 February 2020

CRUDE PALM OIL -per MT-

7.1%*

US$647.9

14 February 2020

RUBBER SMR 20 -per MT-

1.9%*

US$1,348.5

COCOA SMC 2 -per MT-

COAL -per MT-

SUGAR -per lbs-

2.5%*

US$14.6

SCRAP IRON HMS -per MT-

17 May 2019 : US$72.2

Highest

2019/2020

03 Jan 2020 : US$68.6

7 Feb 2020 : US$50.3 09 Aug 2019 : US$54.5

Lowest 2019/2020

27 Dec 2019 : US$794.5

Highest

2019/2020

10 Jan 2020 : US$761.9

14 Feb 2020 : US$647.9 26 Jul 2019 : US$488.5

Lowest 2019/2020 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 Prices

14 February 2020

Steel Bars

(per MT)

RM2,100– RM2,250

Billets

(per MT) RM1,750 - RM1,850

14 February 2020 14 February 2020 14 February 2020

14 February 2020

(15)

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.

1,684.1 1,663.7

1,623.8

1,515.5 1,512.8

1,652.6 1,659.3

1,778.5 1,826.8

1,840.5

1,807.7 1,817.2

1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850 1,900

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/mt

Cocoa

1,879 1,858

1,8401,841 2,098

1,859 1,8671,876 1,875 1,864

1,843

1,788

1,750.0 1,800.0 1,850.0 1,900.0 1,950.0 2,000.0 2,050.0 2,100.0 2,150.0

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/mt

Pepper

1,401.5 1,490.01,499.5

1,442.0 1,449.5

1,484.51,492.5 1,524.5

1,470.5

1,367.5

1,324.0 1,348.5

1,320 1,370 1,420 1,470 1,520 1,570

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/mt

Rubber SMR 20

55.2

59.2 60.1 60.4

61.7 63.1

59.0 58.5

54.2

51.6 50.3 52.1 62.4

64.4 65.2 66.1

68.2 68.6

65.0 64.9

60.7 58.2

54.5 57.3

40 45 50 55 60 65 70 75

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl 637.2

662.1

687.6695.6 724.3

745.6 761.9

731.4 734.2

655.5 697.7

647.9

590 610 630 650 670 690 710 730 750 770 790

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/mt

Crude Palm Oil

12.9 13.2

13.5 13.5 13.5 13.3

14.1

14.5 14.4 14.6

14.9

14.6

11.8 12.3 12.8 13.3 13.8 14.3 14.8 15.3

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

U/lbs

Sugar

(16)

17.1

16.6 17.0

17.2 17.9

18.2 18.1 18.1 18.1 18.0

17.7 17.7

16.2 16.7 17.2 17.7 18.2 18.7

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/oz

Silver

46.9 46.9 47.2 47.6

48.6

49.8 50.0 50.1 50.3 50.9

50.6 50.8

46.0 47.0 48.0 49.0 50.0 51.0 52.0

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

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.

2,300 2,238 2,082 2,052 2,026 2,030 1,939 1,920 1,854 1,863 1,871 1,845 1,781 1,756 1,797 1,741 1,754 1,726 1,775 1,771 1,773

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

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

2018 2019 2020

US$/ tonne

Aluminium

6,825 6,966 6,251 6,051 6,051 6,220 6,196 6,075 5,939 6,300 6,439 6,438 6,018 5,882 5,941 5,709 5,759 5,757 5,860 6,077 6,031

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

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

2018 2019 2020

US$/ tonne

Copper

14,366 15,106 13,794 13,411 12,510 12,315 11,240 10,835 11,523 12,685 13,026 12,773 12,016 11,944 13,546 15,749 17,657 17,046 15,172 13,829 13,507

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

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

2018 2019 2020

US$/ tonne

Nickel

Commodity Price Trends

66.10 65.04 64.56 67.15 68.44 73.41 73.26 69.15 76.16 88.22 86.47 93.70 100.15 108.94 120.24 93.07 93.08 88.53 84.98 92.65 95.76

50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0

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

2018 2019 2020

US$/dmtu

Iron Ore

900.4 898.9 928.8

913.8 950.4

990.3 986.0 1,024.8

1,010.6

961.9969.2 968.8

880.0 900.0 920.0 940.0 960.0 980.0 1,000.0 1,020.0 1,040.0

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/oz

Platinum

300.0 310.0

320.0

300.0 300.0 300.0 300.0 300.0 300.0 300.0

280.0 280.0 280.0 285.0 290.0

280.0 280.0 280.0 290.0

280.0 280.0 280.0

260.0 260.0

200 220 240 260 280 300 320 340

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb 2020

US$/mt

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

46.1

45.6 45.6 45.6 45.6 45.6 45.6 45.6 45.6 46.1

44.1 44.1

43 44 44 45 45 46 46 47 47

29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 31 Jan 7 Feb 14 Feb

2019 2020

US$/t

Coal

(17)

MITI PROGRAMMES

Courtesy call by H.E. Lee Chi-Beom, the South Korean

Ambassador to Malaysia , 13 February 2020

(18)

All you need to know...

For more information, kindly click the following links:

https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202

(19)

All you need to know...

For more information, kindly click the following links:

https://www.miti.gov.my/index.php/pages/view/industry4WRD

(20)

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:

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For more information, kindly click the following links:

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For information, kindly click

https://fta.miti.gov.my/index.php/pages/view/69?mid=27

Date Venue Topic

11 March MITI Perak

Introduction to FTAs Introduction to Preferential

Certificate of Origin (PCO) 8 April MITI HQ

10 June MITI Johor 24 June MITI HQ 15 July MITI Penang 12 August MITI HQ 2 September MITI Kelantan 14 October MITI HQ 4 November MITI Pahang

Tentative Schedule for MITI Pocket Talks 2020

(21)

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For more information, kindly click the following links:

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For more information and application, kindly click the following links:

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(22)

Dear Readers,

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Rujukan

DOKUMEN BERKAITAN

While public discussion and reports centres more popularly on vehicle production and new models, Minister of International and Industry, YB Datuk Darell Leiking argues that

The National Committee on Investment (NCI), co- chaired by YB Datuk Darell Leiking, Minister of the International Trade and Industry (MITI) and YB Tuan Lim Guan Eng, Minister

The Ministry of International Trade and Industry (MITI) organised the Anugerah Kecemerlangan Industri (AKI) 2018 or the Industry Excellence Award to recognize outstanding

In the event following the MITI Consultative Dialogue, Minister YB Datuk Darell Leiking engaged with representatives from Malaysian business and industry associations, as well

YB Datuk Darell Leiking, Minister of International Trade and Industry will lead the Malaysian delegation to the 16 th China-ASEAN Expo (CAEXPO) in Nanning and Malaysia Week 2019

The Ministry of International Trade and Industry (MITI) is pleased to announce the initiation of Malaysia and Republic of Korea (Malaysia-Korea Free Trade Agreement -

Source: Ministry of International Trade and Industry, Malaysia.. MITI Programme. The Nine Winners of AKI

Minister Leiking was joined by the Ambassador of Malaysia to Argentina as well as senior officials from the Ministry of International Trade and Industry, Malaysia External