1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 508
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N30 October 2018 | NO. ISSN : 2180-0448
Med
ia R
elea
se
POTENTIAL INVESTMENT INTO MALAYSIA - DISCUSSION WITH LEADING THAI CONGLOMERATE28 OCTOBER 2018
On my visit to Thailand accompanying Prime Minister Tun Dr Mahathir Mohamad during his state visit, I joined the Prime Minister in a courtesy call by Tan Sri Charoen Sirivadhanabhakdi, chairman of the established Thai conglomerate TCC Group. It is one of the foreign conglomerate that have a significant presence in Malaysia with business spanning several industries including properties, food and beverages, consumer goods and trading.
During the courtesy call, Tan Sri Charoen praised Tun Dr Mahathir for his eye on identifying young talents and his willingness to guide them with his sage-like vision, which is said to bring more trade and connectivity.
Tun Dr Mahathir reiterated his welcome for all foreign companies including from Thailand to invest in Malaysia, and will ensure the ease of doing business. By cooperating, companies from both Malaysia and Thailand stand to learn from each other resulting in mutual growth. He remarked that both countries have incredible opportunities to further excel.
Tun Dr Mahathir expressed his confidence towards TCC Group, and stated that the group can contribute towards making Malaysia a developed country. Both sides pledged collaboration to contribute towards the betterment of the country.
It was also discussed that Penang has a huge potential just like Singapore but due to issues of security in the Southern Thai provinces, it impacted the state development. The southern border is very valuable, both sides agreed, and with superior amount of prospective, once the area is developed both Malaysia and Thailand can boost trade.
Tan Sri Charoen acknowledged that the Fraser's Property, a subsidiary under TCC Group has undertook initial steps to look into possible investment in TRX. His son, Mr Panote Sirivadhanabhakdi will lead Fraser's team and further engage with MITI. Nevertheless, his group is going to invest more in Malaysia via Big C, a popular chain of hypermarket in Thailand. Development of its store is planned to commence soon in Kedah.
In addition, Tan Sri Charoen mentioned that TCC Group is committed to improve tourists experience through
its ownership of a series of hotel chains worldwide under Meridien, Marriott and others. Since Malaysia has always been a popular tourist destination, it's only natural for both sides to seek cooperation to further boost tourism. Tun Dr Mahathir commented that Malaysia is an incredibly beautiful place and tourist number will continue to increase, hence the importance to ensure their safety as they will bring wealth to the country.
I'm proud that my first meeting with Tan Sri Charoen last month is followed up by one with the Prime Minister. It's significant in two ways — first, the meeting showcased the Prime Minister's commitment to help bringing more quality investments into Malaysia and secondly, foreign investors exhibit great confidence in setting foot and investment in our country. It proves that the economic environment in Malaysia remains conducive for foreign investors.
YB Datuk Darell LeikingMinister of International Tradeand Industry (MITI) 28 October 2018
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Med
ia R
elea
seThe Ministry of International Trade and Industry (MITI) takes note of the article on ‘CRC Players Losing Patience with Government Inaction’ in The Edge, 29 October 2018.
The Ministry has engaged with cold rollers several times since April 2017 to address their concerns especially on the surge of imports of cold roll coils and have taken several actions to address the concerns. For instance, the Government has suspended the ATIGA preferential for all CRC imports from Vietnam and conducted retroactive checks, based on the allegation by the cold rollers that CRC imported from Vietnam are not meeting the origin criteria. MITI has also met the industry players several times recently to discuss on ways to address these concerns.
MITI would like to highlight that trade remedies are instruments to defend the interest of the domestic industry from unfair trade practices. In this regard, the Government may initiate an investigation or a review to determine the existence, degree and effect of any alleged dumping upon the submission of a written petition by the domestic industry producing the like product. There are timelines to be followed based on existing laws and regulations. All anti-dumping and review investigations has to be carried out within 270 days and 180 days respectively.
Since 2006, Malaysia has initiated 7 anti-dumping investigations on iron and steel products namely steel wire rod, tin plate, hot rolled coils, cold rolled coils, pre-painted color coated steel coils, cold rolled stainless steel and galvanised iron, whereby 6 of this measures are still in force.
To encourage more local purchase of CRC, MITI had also facilitated a discussion between the CRC producers and the galvanisers/coaters in March 2018 to find a way forward for all parties, where the users gave the commitment to support the CRC producers and buy more locally. Nevertheless, the final decision on purchase of any product is a business decision where the Government cannot intervene.
On import duty exemption approvals, all applications are deliberated thoroughly in a Special Committee chaired by MITI. Major domestic producers are well-represented in the Committee to confirm local availability. Import duty exemption is granted only after industry representatives in the Special Committee confirm that:I. the grades and specifications are not produced locally:II. raw materials to produce finished products which have nil duty; and III. raw materials not produced locally in Sabah and Sarawak.
Duty exemptions are not being given to traders, selected importers or those not even involved in manufacturing as claimed by the CRC players.
The issuance of Approved Permit for HS7225, which covers CRCs, is automatic and solely for monitoring and data collection purposes. The Government is in the midst of developing Malaysian Standards on HS7225 to ensure quality and safe imports into Malaysia.
The Government remains cognisant that the industry is facing various challenges over the years to remain competitive and relevant, due to factors such as influx of imports, overcapacity and import substitutions. In addressing these issues and challenges, the Government has made various policy adjustments to facilitate the industry, as part of the ‘shared responsibility’ approach we have undertaken since June 2012. MITI will continue to monitor current development and undertake necessary actions in accordance with the national laws and legislations, including responding to any dumping activities carried out by companies in countries impacted by the recent increase in the US and EU tariffs on steel products.
The Government has always treated the industry’s interest with utmost priority and attentiveness. Consolidated proposals or feedback based on consultation among the iron and steel industry are welcomed through the existing mechanism under the Malaysia Steel Council (MSC) chaired by YB MITI Minister. During the recent MSC Meeting held on 22 October 2018, the Iron & Steel industry was urged to work together to develop a White Paper on Way Forward for the Iron & Steel Industry. Industry inputs and collaboration is needed for the Government to formulate a holistic iron and steel policy that addresses every level of the value chain.
Ministry of International Trade and Industry (MITI)
Response to Article Published by The Edge dated 29 October 2018
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
Consumer Price Index (CPI), September 2018
Note : - % change year-on-year
Inflation rate for main groups, September 2018 / 2017
CPI September 2018 increased 0.3% as compared to September 2017 +0.3%
120.1120.5
Sept 2018 Sept 2017
Food & Non-Alcoholic Beverages
0.5%
Transport
0.3%
-0.2%
-0.2%
1.1%
Health
-0.8%
-3.0%
-0.9%
-3.2%
-1.6%
2.1%
1.1%
Furnishings, Household Equipment & Routine
Household Maintenance
Recreation Services & Culture
Restaurants & Hotels
Housing, Water, Electricity, Gas &
Other Fuels
Education
Miscellaneous Goods & Services
Alcoholic Beverages & Tobacco
Clothing & Footwear
Communication
Source: Department of Statistics, Malaysia
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a S
tati
stic
sM
alay
sia
Stat
isti
cs
Source: Department of Statistics, Malaysia
Trade Performance for the Month of July 2018 and the Period of January- July 2018 Information and Communication Technology
Satelite Account, 2017 Information and Communication
Technology (ICT) contributed 18.3% to national economy
Trade Performance for the Month of July 2018 and the Period of January- July 2018Contribution of ICT to economy2012-2017
The main industrycontributors of ICT
gross domestic Product
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Employment of the ICT industry increased to 1.09 million persons
Contribution of e-commerce to GDP
6.3%RM85.8 billion
Mal
aysi
a St
atis
tics
Trade Performance for the Month of July 2018 and the Period of January- July 2018Value added and contribution of
e-commerce to GDP 2017
Trade Performance for the Month of July 2018 and the Period of January- July 2018Value added and contribution of
e-commerce to GDP , 2012 - 2017
Source: Department of Statistics, Malaysia
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Inte
rnat
iona
l St
atis
tics
Malaysia was RANKED NUMBER ONE exporter for dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled,
whether or not planed, sanded or end-jointed, of a thickness of > 6 mm*, in 2017
Notes : - % Share in Malaysia’s export - *Refers to HS 440725Source: http://www.trademap.org/Index.aspx
NETHERLANDSUS$ 36.9 M
32.0 %
UNITED KINGDOMUS$ 11.9 M
10.3%
BELGIUMUS$ 8.2 M
7.1 %
PHILIPPINESUS$ 7.9 M
6.9 %
GERMANYUS$ 7.4 M
6.4 %
MALAYSIA
GERMANY
INDONESIA
UNITED ARABEMIRATES
BELGIUM
US$ 115.4 M83.3 %
US4$ 4.7 M3.4 %
US$ 3.6 M2.6 %
US $ 2.9 M2.1 %
US$ 2.5 M1.8 %
Malaysia’s TOP FIVE EXPORTS DESTINATIONS for Dark red meranti, light red meranti and meranti bakau, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or
end-jointed, of a thickness of > 6 mm*, in 2017
Notes : - % Share in world exports
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
1,000
2,000
3,000
4,000
5,000
6,0005
Aug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
200
400
600
800
1,000
1,200
1,400
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
0
50
100
150
200
250
300
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
1,600
0
20
40
60
80
100
120
140
160
180
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
700
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
18
0.00
0.10
0.20
0.30
0.40
0.50
0.60
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
10
20
30
40
50
60
70
80
90
100
0
5
10
15
20
25
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
20
40
60
80
100
120
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
70
80
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
180
200
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
30 S
ep
7 O
ct
14 O
ct
21 O
ct
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - August 2018
US Dollar
Philippine Peso
Vietnamese Dong
Hong Kong Dollar
Indonesian Rupiah
Indian Rupee
4.4460
3.9644
4.1396
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
USD 1 = RM
8.8922
7.5853
7.6708
6.50
7.00
7.50
8.00
8.50
9.00
9.50
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
PHP 100 = RM
0.0196
0.0174
0.0177
0.0155
0.0160
0.0165
0.0170
0.0175
0.0180
0.0185
0.0190
0.0195
0.0200
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
VND 100 = RM
57.2950
50.5118
52.8243
44.00
46.00
48.00
50.00
52.00
54.00
56.00
58.00
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018RM
HKD 100 = RM
0.0333
0.0278
0.025
0.026
0.027
0.028
0.029
0.030
0.031
0.032
0.033
0.034
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p2018
RM
IDR 100 = RM
6.6340
6.6971
5.90165.7378
5.00
5.20
5.40
5.60
5.80
6.00
6.20
6.40
6.60
6.80
7.00
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
2018
RM
INR 100 = RM
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Commodity Prices
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
CRUDE PETROLEUM (BRENT) -per bbl-
2.7%*US$77.6
26 Oct 2018
CRUDE PALM OIL -per MT-
1.0%*US$536.5
26 Oct 2018
RUBBER SMR 20 -per MT-
1.4%*US$1,315.0
26 Oct 2018
COCOA SMC 2 -per MT-
2.8%* US$1,508.1 26 Oct 2018
COAL -per MT-
0.2%*US$77.6
26 Oct 2018
SUGAR -per lbs-
0.4%*US¢13.8
26 Oct 2018
SCRAP IRON HMS -per MT-
%*US$380.0
(high)
22 Oct 2018
%*US$350.0
(low)
29 Dec 2017 : US$66.9
Highest2017/2018
5 Oct 2018 : US$84.2
9 Feb 2018 : US$62.8 23 June 2017 : US$45.5
Lowest2017/2018
20 Jan 2017 : US$843.0
Highest2017/2018
9 Mar 2018 : US$691.5
24 Aug 2018 : US$532.5 30 June 2017 : US$650.0
Lowest2017/2018
Average Price 2017 i : US$55.0 Average Price 2017 i : US$719.7
Average Price 2017 i : US$1,646.6 Average Price 2017 i : US$1,439.0 Average Price 2017 i : US¢15.8
Average Price 2017 i : US$314.5Average Price 2017 i : US$57.2
Domestic Prices26 Oct 2018
Steel Bars(per MT)
RM2,350– RM2,500
Billets(per MT)
RM2,150– RM2,250
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,311.41,303.6
1,423.5
1,448.6 1,472.2 1,472.9 1,476.6
1,376.6
1,350.9
1,419.6
1,466.3
1,508.1
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct
US$
/mt
Cocoa
2,1902,152 2,150
1,984
1,868 1,866 1,871
1,825 1,812 1,808 1,806 1,798
1,500.0
1,600.0
1,700.0
1,800.0
1,900.0
2,000.0
2,100.0
2,200.0
2,300.0
10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct
US$
/mt
Pepper
1,349.0
1,339.5
1,373.5
1,349.0
1,322.5
1,336.51,340.5
1,335.01,339.5
1,344.5
1,333.5
1,315.0
1,280
1,290
1,300
1,310
1,320
1,330
1,340
1,350
1,360
1,370
1,380
10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct
US
$/m
t
Rubber SMR 20
67.665.9
68.769.8
67.869.0
70.8
73.374.3
71.3
69.167.6
72.871.8
75.877.4 76.8
78.1 78.8
82.784.2
80.4 79.8
77.6
50
55
60
65
70
75
80
85
90
10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
570.5569.0
545.0 545.0
562.5
566.5
558.0
532.5
547.5548.5
542.0
536.5
530
535
540
545
550
555
560
565
570
575
10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct
US$
/mt
Crude Palm Oil
10.5
10.2 10.2
10.6
11.0
12.0
11.7
11.2
12.6
13.1
13.9 13.8
10.0
10.5
11.0
11.5
12.0
12.5
13.0
13.5
14.0
14.5
10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct
US
¢/lb
s
Sugar
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
15.3
14.6
14.9
14.6
14.2 14.1
14.4
14.714.6 14.6 14.7
14.7
13.4
13.6
13.8
14.0
14.2
14.4
14.6
14.8
15.0
15.2
15.4
10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct 19-Oct 26-Oct
US$
/oz
Silver
39.0
38.0
38.5 38.5 38.6
38.6 38.5
38.2
38.7
39.2
39.5
39.7
37.0
37.5
38.0
38.5
39.0
39.5
40.0
10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct 19-Oct 26-Oct
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.
1,86
1
1,90
1
1,92
1
1,91
3
1,88
5
1,90
3
2,03
0 2,09
6
2,13
1
2,09
7
2,08
0
2,21
0
2,18
2
2,06
9
2,25
5 2,30
0
2,23
8
2,08
2
2,05
2
2,02
6
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
Feb
Mar
Apr
May Jun
Jul
Aug Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun
Jul
Aug Se
p
2018
US$
/ to
nn
e
Aluminium
5,94
1
5,82
5
5,68
4
5,60
0
5,72
0
5,98
5
6,48
6
6,57
7 6,80
8
6,82
7
6,83
4 7,06
6
7,00
7
6,79
9
6,85
2
6,82
5 6,96
6
6,25
1
6,05
1
6,05
1
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Feb
Mar
Apr
May Jun Jul
Aug Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
p
2018
US$
/ to
nn
e
Copper
10,6
43
10,2
05
9,60
9
9,15
5
8,93
2 9,49
1
10,8
90
11,2
16
11,3
36
11,9
72
11,4
95
12,8
65 13
,596
13,3
93
13,9
38
14,3
66 15
,106
13,7
94
13,4
11
12,5
10
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
16,000
Feb
Mar
Apr
May Jun Jul
Aug Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
p
2018
US$
/ to
nn
e
Nickel
Commodity Price Trends
89
.44
87
.65
70
.22
62
.43
57
.48
67
.74
76
.07
71
.53
61
.66
64
.24
72
.25 7
6.3
4
77
.46
70
.35
65
.75
66
.10
65
.04
64
.56
67
.15
68
.44
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2018
US$
/dm
tu
Iron Ore
833.2
780.3
792.8790.4
783.3
801.2
832.9
822.4824.5
840.0836.0 834.4
750.0
760.0
770.0
780.0
790.0
800.0
810.0
820.0
830.0
840.0
850.0
10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct 19-Oct 26-Oct
US
$/o
z
Platinum
380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0
360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0
350.0 350.0
300
310
320
330
340
350
360
370
380
390
27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct
US
$/m
t
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
65.3 65.4
66.7
70.070.6
71.6 71.8
75.6
77.8 77.5 77.4 77.6
58.0
60.0
62.0
64.0
66.0
68.0
70.0
72.0
74.0
76.0
78.0
80.0
10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct
US
$/t
Coal
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MIT
I PR
OG
RAM
MES
Malaysia aerospace industry seminar Kota Kinabalu, Sabah
28 October 2018
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MITI Weekly Bulletin | www.miti.gov.my
MIT
I PR
OG
RAM
MES
MITI Deputy Minister launched Inovation Day 2018 26 October 2018
15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MIT
I PR
OG
RAM
MES
Malaysian Prime Minister Tun Dr Mahathir Mohamad official visit to Thailand, 24-25 October 2018
16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Announcements
Issuance of APEC Business Travel Card is temporarily suspended
Immigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.
Kindly refer:
http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-notice-of-apec-card-production-suspended-time.html
For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
PROGRAMME
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MITI Weekly Bulletin | www.miti.gov.my
Announcements
Tentative Schedule for MITI Pocket Talks 2018
No. Date Venue Topic
1 14-Nov MITI Sabah
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 5-Dec MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
3 12-Dec MITI Sarawak
Introduction to FTA & Preferential Certificate of Origin (PCO)
Please click here to register
For more information, kindly click the following links:http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_
Vintage_English.pdf
18MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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Dear Readers,
Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13
MITI Geneva @ Your ServiceName : Monika ZubekovaDesignation : Customer Service Officer MITI GenevaContact No : 4179-5033183Email : monika.zubekova
MITI Weekly Bulletin wishes to convey our deepest condolences
to families and loved ones of the illfated Lion Air Flight 610
29 October 2018
Al-fatihah &
Condolences...
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