MITI’S VENDOR PROGRAMME A BOON FOR SMEs The Vendor Development Programme (VDP) under the Ministry of International Trade and Industry (MITI) has now come of age with a host of success stories under its belt. The programme was one of the flagship initiatives mooted back in 2014 under Minister Datuk Seri , to groom bumiputra vendors. Among the main aim was to propel Malaysian small and medium enterprises (SMEs) as manufacturers and suppliers of products and services required by large local companies, multinational companies and government- linked companies which Khazanah Nasional Power meeting:Dato' Sri Mustapa Mohamed (centre) and his deputy Berhad (Khazanah) act as the secretariat in the Datuk Ahmad Maslan (second from right) with some of the vendors at domestic and global market. MPPPV) The success behind the VDP was also largely attributed to a ‘strategic collaboration’ with anchors, vendors and training providers such as MPC, Technology Park , CEDAR, MITRANS, SIRIM, SME Corp, MIDF and MAI. Within a short pan after its launch, the number of anchors and vendors saw a steady increase. In 2016, there were 19 anchors and 1,440 vendors, setting a record in the percentage of VDP procurement value at 11.5%. Up to September last year, the number of anchors had increased to 21 with 1,418 vendors, pushing up the percentage value to 12.7%. The past two years also saw the Capacity Development Programme for Vendors (PPKV) registering a value of RM3.14 mil with 318 recipients. A sum of RM9 mil was set aside for the Research and Commercialisation Grant (GPPV) , which will benefit 15 vendors. In a nutshell, the GGPV and PPKV under VDP are all part of the measures listed under the Fourth Strategy of the Bumiputera Empowerment Agenda (BEA) to provide support to Malaysian SMEs. It is the Government’s aspiration for morel larger local companies, GLCs and MNCs to participate in development programmes to spur the country’s SMEs, so that a higher number of bumiputra vendors could be developed. But the VDP still stands out among the rest and continues to attract much interest and commitment from industry players.

VDP SUCCESS STORIES In 2016, there were seven national champions and their success stories served as an inspiration to others. The companies are Swiss Resources Sdn Bhd, Daya OCI Sdn Bhd, FM Media Sdn Bhd, Muzamal Industries Sdn Bhd, Foresight Industries Sdn Bhd, Artisan Hartamas Sdn Bhd and Indkom Engineering Sdn Bhd. All seven firms are parked and guided by their respective anchors namely Boustead Naval Shipyard Sdn Bhd, CIMD,Pharmaniaga and Tenaga Nasional Berhad (TNB). The regional champion was won by ideal Healthcare Sdn Bhd. A vendor of Pharmaniaga, Ideal Pharmaniaga participated in the VDP in 2014, dealing in the manufacturing of medical disposable of which its products are exported to Asean countries.A TNB vendor – Hyrax Oil Sdn Bhd – was declared the global champion. Hyrax joined the TNB VDP in 1997, producing products such as transformer oil, cable oil, polybutene oil and lubricants to be exports to New Zealand, Asean and Middle East countries.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 , Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 1 MITI Weekly Bulletin | www.miti.gov.my

GLC EXPLORACE Under the VDP, one of the key highlights is the GLC ExplorAce. The event, held in August 2017 with the theme “Excelling in the Digital World”, saw a total of 2,152 visitors, participants and exhibitors. It was co-organised and jointly sponsored by MITI, UEM Group Berhad, SIME Darby Berhad and MIDF. Among the activities included 58 booths, 14 anchors conducting business matching, financial consultation and pocket talks, as well as 16 companies joining a start-up innovation pitch. There were also 331 business matching sessions. The key adjectives were to showcase anchor and vendor achievements in the VDP, provide a platform for new vendors to explore business opportunities with GLCs and MNCs, attract potential anchors to join VDP and provide networking opportunities among VDP vendors, 21 anchors, GLCs, MNCs, MITI and its agencies and other ministries. For this year, the Key in their respective Performance Indicator categories. target for the VDP is to During a glittering rope in 40 new vendors ceremony for the AKI and churn out three new 2016, KPK Klang national champions and Specialist was declared one regional champion. the grand winner of the MITI will enhance the Prime Minister’s Award, policy and implementation winning a cash prize of of the VDP. This includes RM 500,000, a trophy the rebranding of GLC and a certificate. ExplorAce 2018. The company beat In April last year, MITI set others such as Finisar a target to increase by Malaysia Sdn Bhd, Exploring opportunities:Business matching during 10% in the procurement GLC ExploreACE 2017 which emerged top in value under the VDP from the open category. RM4.88bil in December Other winners include 2016. actively promoting the Anugerah Port Berhad, During the Vendor Kecemerlangan Industri (AKI) or Industry Upstream Downstream Development Programme Excellence Award. Process and Services Consultation Council Introduced in 2011, the AKI has gained a Sdn Bhd and Medical (MPPPV) meeting, reputation for being the nation’s premier Apparatus Supplies Sdn Mustapa said, “To date, corporate recognition award. Bhd ( services sector) we have 21 anchor Held biennially, among the objectives of the and Salutica Allied companies and we hope AKI are to recognise the most outstanding Solutions Sdn Bhd, it can be increased to companies in the manufacturing and Exis Tech Sdn Bhd and at least another five services industries, companies with Paradigm Precisions quality companies, business plans to increase value-added Components Sdn Bhd whether it is government- products or services and also companies (manufacturing sector). linked or private-owned with the best practices that render them as The AKI remains companies.” inspiring role models to other companies. a coveted award The minister also said Since its inception, 3,237 companies have among industry in order to facilitate the participated in the AKI with 408 winners, players to vie for as it growth, anchor companies International Standard of Business serves as recognition would be given a coble Excellence Framework (BEF) is used for continuous tax deduction which had to evaluate award winners since the development, been extended to 2020, to rebranding of AKI in 2014. exceptional leadership help develop capabilities The BEF is a globally recognised and significant growth of bumiputra vendor comprehensive plan to ensure through vision and companies. productivity, quality and sustainability of mission. Of the 21 anchors, 14 any organisation. More information on the are high-performing As of end 2017, 5,326 companies in AKI can be obtained companies or PCD20 Malaysia have already adopted the BEF. on the MITI’s website GLCs, six local large For the AKI 2018, a total of 11 awards are at http://www.miti.gov. companies and a to be contested namely Prime Minister’s my/index.php/pages/ multinational company. Award, four awards under manufacturing view/3894. sectors, five awards under services sectors and one from open category INDUSTRY EXCELLENCE (multinational companies). AWARD The Prime Minister’s Award will be Meanwhile, MITI is also selected from among the top winners

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 2 MITI Weekly Bulletin | www.miti.gov.my Labour Force, 2017 The Labour Force increased 2.0 per cent 2017 in 2017 at 15.0 million persons as compared to 2016

Employed Labour Force Participation Rate (LFPR) (%)

2017 100

80 80.1 80.2 14.5 million 68.0 67.7 60 54.7 54.3 2016 14.2 million 40

20

0 2017 2016 Unemployment Rate (%) Total Male Female Unemployment rate remained at 3.4 per cent Unemployed 2017 2016 2017

502.6 thousand 3.4 3.4 2016 504.1 thousand

Note: • LFPR is defined as the ratio of the labour force to the working age population (15 to 64 years), expressed as percentage. • Unemployment rate is the proportion of unemployed population to the total population in labour force.

Source : Department of Statistics, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 3 MITI Weekly Bulletin | www.miti.gov.my

Employed Person by Educational Attainment 2017/2016

No formal Education Primary Secondry Tertiary

Population Outside Labour Force

2017 7.1 2016 million 7.0 million In 2017, 7.1 million persons or 32.0 per cent of working age population were outside labour force

Note: Outside labour force refer to all persons not classified as employed or unemployed as stated above are classified as outside labour force. They include house¬wives, students (including those going for further studies), retired, disabled persons and those not interested in looking for a job.

Source: Department of Statistics, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 4 MITI Weekly Bulletin | www.miti.gov.my International Report Malaysia was the Second Largest Exporter of Parts and accessories for instruments and apparatus for measuring or checking electrical quantities, 2016

USA 1 USD 1.4 Billion Malaysia 2 USD 0.9Billion

Japan 3 USD 0.9 Billion

Singapore 4 USD 0.5 Billion

5Germany USD 0.3Billion

TOP FIVE : Export Destinations

1 USA 5 Chinese Taipei USD 0.3 Billion USD 0.1Billion

Netherlands 4 PRC 2USD 0.2 Billion USD 0.1 Billion

Singapore USD3 0.1 Billion Notes : * Refers to HS 903090 Source : http://www.trademap.org/Index.aspx

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 5 MITI Weekly Bulletin | www.miti.gov.my Number and Value of Preferential Certificates of Origin (PCOs)

ASEAN Trade in Goods Agreement (ATIGA) ASEAN-China Free Trade Agreement (ACFTA) 1,800 6,000 4,500 2,500

1,600 4,000 5,000 1,400 3,500 2,000

1,200 4,000 3,000 1,500 1,000 2,500 3,000

RM mil. RM 800 mil. RM 2,000 1,000 600 2,000 1,500

400 of Origin of Certificate No. 1,000 500 of Origin of Certificate No. 1,000 200 500

0 0 0 0 1 Apr 8 Apr 1 Apr 8 Apr 4 Feb 4 Feb 4 Mar 4 Mar 15 Apr 22 Apr 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 11 Mar 25 Mar 18 mar 18 mar

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-Korea Free Trade Agreement (AKFTA) ASEAN-Japan Comprehensive Economic Partnership (AJCEP) 2,500 1,400 160 300

1,200 140 250 2,000 120 1,000 200 100 1,500 800 80 150

RM mil. RM 600 mil. RM 1,000 60 100 400 40 500 of Origin of Certificate No. of Origin of Certificate No. 50 200 20

0 0 0 0 1 Apr 8 Apr 1 Apr 8 Apr 4 Feb 4 Feb 4 Mar 4 Mar 15 Apr 22 Apr 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 11 Mar 25 Mar 18 mar 18 mar

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-India Free Trade Agreement (AIFTA) ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) 300 1,000 140 1,800

900 1,600 120 250 800 1,400 700 100 200 1,200 600 80 1,000 150 500 800 RM mil. RM mil. RM 60 400 100 600 300 40

No. of Certificate of Origin of Certificate No. 400 of Origin of Certificate No. 200 50 20 100 200

0 0 0 0 1 Apr 8 Apr 1 Apr 8 Apr 4 Feb 4 Feb 4 Mar 4 Mar 15 Apr 22 Apr 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 11 Mar 25 Mar 18 mar 18 mar

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Generalised System of Preferences (GSP) 300 180

160 250 140

200 120

100 150 80 RM mil. RM

100 60

40 of Origin of Certificate No. 50 20

0 0 1 Apr 8 Apr 4 Feb 4 Mar 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 18 mar

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

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 6 MITI Weekly Bulletin | www.miti.gov.my Number and Value of Preferential Certificates of Origin (PCOs)

Malaysia-Japan Economic Partnership (MJEPA) Malaysia-Pakistan Closer Economic Partnership (MPCEPA) 500 1,200 140 250

450 1,000 120 400 200

350 100 800 300 150 80 250 600

RM mil. RM mil. RM 60 200 100 400 150 40

100 of Origin of Certificate No. 50 of Origin of Certificate No. 200 20 50

0 0 0 0 1 Apr 8 Apr 1 Apr 8 Apr 4 Feb 4 Feb 4 Mar 4 Mar 15 Apr 22 Apr 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 11 Mar 25 Mar 18 mar 18 mar

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-New Zealand Free Trade Agreement (MNZFTA) Malaysia-Chile Free Trade Agreement (MCFTA) 0.60 18 70 100

16 90 60 0.50 80 14 50 70 0.40 12 60 10 40 0.30 50 8 RM mil. RM mil. RM 30 40 0.20 6 20 30

4 of Origin of Certificate No. of Origin of Certificate No. 20 0.10 10 2 10

0.00 0 0 0 1 Apr 8 Apr 1 Apr 8 Apr 4 Feb 4 Feb 4 Mar 4 Mar 15 Apr 22 Apr 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 11 Mar 25 Mar 18 mar 18 mar

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-India Comprehensive Economic Cooperation Agreement Malaysia-Australia Free Trade Agreement (MAFTA) 80 (MICECA) 600 70 600

70 500 60 500 60 50 400 400 50 40 40 300 300

RM mil. RM mil. RM 30 30 200 200 20 20 No. of Certificate of Origin of Certificate No. of Origin of Certificate No. 100 100 10 10

0 0 0 0 1 Apr 8 Apr 1 Apr 8 Apr 4 Feb 4 Feb 4 Mar 4 Mar 15 Apr 22 Apr 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 11 Mar 25 Mar 18 mar 18 mar

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-Turkey Free Trade Agreement (MTFTA) 250 400

350 200 300

250 150

200

RM mil. RM 100 150

100 50 of Origin of Certificate No. 50

0 0 1 Apr 8 Apr 4 Feb 4 Mar 15 Apr 22 Apr 11 Feb 18 Feb 25 Feb 11 Mar 25 Mar 18 mar

Total FOB (RM mil.) Total CO Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 7 MITI Weekly Bulletin | www.miti.gov.my Malaysian Ringgit Exchange Rate with Selected Countries, January 2017 - March 2018 US Dollar Cambodian Riel USD 1 = RM KHR 100 = RM

4.60 0.115 4.4596 4.50 0.1108 0.110 4.40

4.30 0.105 4.20

4.10 0.100 RM RM 0.0971 4.00 3.9031 0.095 3.90

3.80 0.090 3.70

3.60 0.085 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2017 2018 2017 2018

Pakistani Rupee Nepalese Rupee PKR 100 = RM NPR 100 = RM

4.40 4.40 4.2561 4.30 4.2657 4.20 4.20

4.00 4.10 4.0931 4.00 3.80 3.90 RM RM 3.60 3.80 3.4715 3.7510 3.40 3.70

3.60 3.20 3.50

3.00 3.40 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2017 2018 2017 2018

Egyptian Pound United Arab Emirates Dirham EGP 1 = RM AED 100 = RM

0.27 125.0 0.2639 121.4188 0.26 120.0

0.25 115.0

0.24 0.2391 110.0 RM RM 0.23 106.2645 0.2214 105.0 0.22

100.0 0.21

0.20 95.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2017 2018 2017 2018

Source : Bank Negara, Malaysia

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 8 MITI Weekly Bulletin | www.miti.gov.my Commodity Prices

CRUDE PETROLEUM (BRENT) HIGHEST and LOWEST -per bbl- 2017/2018 27 Apr 2018 : US$74.6, 0.8%* Crude Average Pricei : 2017: US$55.0 Petroleum (Brent) Highest 2016: US$45.3 -per bbl- 27 Apr 2018 : US$74.6 CRUDE PALM OIL 29 Dec 2017 : US$66.9 -per MT- 27 Apr 2018 : US$654.0, 1.7%* Average Pricei : 2017: US$719.7 2016: US$702.2 Lowest 9 Feb 2018 : US$62.8 SUGAR -per lbs- 23 June 2017 : US$45.5 27 Apr 2018 : US¢ 11.5, 2.9%* Average Pricei : 2017: US¢15.8 2016: US¢18.2 Crude Highest Palm Oil 9 Mar 2018 : US$691.5 RUBBER SMR 20 -per MT- 20 Jan 2017 : US$843.0 -per MT- 27 Apr 2018 : US$1,388.5, 2.6%* Average Pricei : 2017: US$1,646.6 Lowest 2016: US$1,394.5 23 Feb 2018 : US$653.5 COCOA SMC 2 30 June 2017 : US$650.0 -per MT- 27 Apr 2018 : US$1,888.0, 2.1%* i Domestic Prices Average Price : 2017: US$1,439.0 27 April 2018 2016: US$1,609.8 COAL -per MT- 27 Apr 2018 : US$56.6, 4.0%* i Billets Average Price : 2017: US$57.2 (per MT) 2016: US$45.6 RM2,200 – RM2,250 SCRAP IRON HMS -per MT- 27 Apr 2018 : US$350.0 (high), 7.9% US$330.0 (low), 2.9* Steel Bars i (per MT) Average Price : 2017: US$314.5 RM2,480– RM2,630 2016: US$243.2 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 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. MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 9 MITI Weekly Bulletin | www.miti.gov.my Commodity Price Trends

Crude Palm Oil Rubber SMR 20 700 1,500

1,487.5 690 691.5 1,469.0 1,463.0 1,450 1,453.0 1,448.5 680 1,437.5 1,425.5 677.0 675.6 676.0 675.8 673.5 673.5 674.5 1,400 670 1,398.5 1,388.5 1,384.5 665.5 US$/mt US$/mt 660 1,350 1,361.5 1,353.0 656.5 653.5 654.0 650

1,300 640

630 1,250 9 Feb 15 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr 9 Feb 15 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr

Cocoa Black Pepper 2,000 7,500

7,000 1,900 7,281 7,113 7,113 7,088 7,088

1,888.0 6,917 6,900 6,900

6,500 6,851

1,849.9 6,730 1,800

6,000 6,337 6,085 6,085 5,965 5,965 1,700 1,720.2 1,719.2 5,500 1,699.5 1,673.3 1,672.5 1,662.6 5,000 1,600 USD/ tonne US$/mt 1,532.2 4,500

1,536.3 4,605

1,500 4,516 4,474 4,474 4,463 4,463

4,000 4,366 4,170 4,170 4,114 4,114 3,984 3,984 1,400 3,500 3,974 1,386.6

1,371.1 3,476 3,000 1,300

2,500 2,950 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 1,200 9 Feb 15 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr 2016 2017

14.0 Sugar

13.5 13.6 13.5 13.4 13.3 13.0

12.8 12.7 12.5 12.6

12.4 12.3

US¢/lbs 12.2 12.0

11.9

11.5 11.5

11.0

10.5 9 Feb 15 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr

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.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 10 MITI Weekly Bulletin | www.miti.gov.my Commodity Price Trends

Crude Petroleum Aluminium 80 2,300

2,200 74.6 75 74.1 2,210

72.6 2,100 2,182 2,131 70.5 2,097 70.3 2,096 2,080

2,000 2,069 70 2,030 67.3 67.1 66.2 68.1 1,900 65.5 67.4 67.4 1,921

64.8 1,913 1,903 64.4 1,901 65 65.9 1,800 1,885 US$/ tonne 1,861

US$/bbl 62.8 64.9 63.6 1,791 62.3 1,700 61.7 62.0 62.1 60 61.3 1,600 59.2

1,500 55

Crude Petroleum (WTI)/bbl 1,400 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Crude Petroleum (Brent)/bbl 50 2017 2018 9 Feb 16 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr

Copper Nickel 7,500 14,000

7,000 13,000 13,596 13,393 7,066 7,007 12,865 6,834 6,827 6,808 6,500 6,799 12,000 6,577 6,486 11,972 6,000 11,000 11,495 11,336 11,216 5,985 5,941 10,890 5,825 US$/ tonne US$/ tonne 10,643

5,500 5,755 10,000 5,720 5,684 5,600 10,205 9,971

5,000 9,000 9,609 9,491 9,155 8,932 4,500 8,000

4,000 7,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 2017 2018 2017 2018

Coal 66.0

64.6 64.3 64.3 63.8 63.8 64.0 63.4 63.0

62.0 60.8

60.0 59.2 59.2 58.9 US$/t 58.0

56.6

56.0

54.0

52.0 9 Feb 16 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr

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.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 11 MITI Weekly Bulletin | www.miti.gov.my Commodity Price Trends

Scrap Iron 100.0 Iron Ore 420 410.0 410.0 410.0 410.0

90.0 400.0 400 395.0

400.0 89.44 390.0 390.0 390.0 87.65 395.0 395.0 395.0 80.0 380.0 380.0

380 385.0 385.0 80.41 77.46 76.34 70.0 76.07 72.25

370.0 370.0 370.0 71.53 70.35 70.22

360 67.74 US$/dmtu 60.0 US$/mt 350.0 64.24 62.43 61.66 350.0 57.48 340 50.0 340.0

330.0 40.0 320

Scrap Iron/MT (High) 30.0 Scrap Iron/MT(Low) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar 300 9 Feb 15 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 30 Mar 6 Apr 13 Apr 20 Apr 27 Apr 2017 2018

Gold Silver 44.0 17.4

17.2 43.5 17.2 43.5 43.4 17.0 43.3

43.0 43.1 16.8 16.8

42.7 42.7 42.5 42.6 16.6 16.6 16.7 US$/oz US$/oz 42.5 42.5 42.5 16.6 16.6 16.5 16.5 16.5 42.3 16.4 16.5 42.0 42.1 16.4 16.3 16.2

41.5 16.0

41.0 15.8 9 Feb 16 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 30 Mar 6 Apr 13 Apr 20 Apr 27 Apr 9 Feb 16 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr

Platinum 1,020.0

1,008.0 1,000.0

994.0 980.0

972.0 971.0 960.0 960.0 952.0 954.0 940.0

US$/oz 939.0 936.0 929 920.0

913.0 914.0 900.0

880.0

860.0 9 Feb 16 Feb 23 Feb 3 Mar 9 Mar 16 Mar 23 Mar 29 Mar 6 Apr 13 Apr 20 Apr 27 Apr

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 12 MITI Weekly Bulletin | www.miti.gov.my

URBAN TRANSFORMATION CENTRE (UTC)

UTC is one of government’s efforts and initiatives to provide variety of government and private sectors’ major services to urban community at one stop center. This National Blue Ocean Strategy (NBOS) initiative is introduced to enhance services quality through strategic alliances between government and private sector and as a complement to the Community Transformation Program (CTP) in order to ensure all government’s initiatives can provide maximum benefits to the people. Main objectives of UTC are: •to serve as a “Multiple Service Center” that goes beyond normal working hours to facilitate public with their affairs with government and private sectors. •to Facilitate the urban community to get access to the provided services under one roof through Community Transformation Program. UTC is located in major cities throughout the nation. UTC was the first UTC, launched on 23 June 2012 by the YAB Prime Minister. As at March 2018, a total of 21 UTCs were established with 60 million service transactions were recorded NATIONAL BLUE OCEAN STRATEGY

UTC was officiated by YAB PM on 12 March 2017. As at March 2018, UTC Kelantan has recorded 828,204 transactions since its operation in October 2016.

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 13 Among the services providers in UTC : • Jabatan Imigresen Malaysia • Jabatan Pendaftaran Negara (JPN) • Road Transport Department (Jabatan Pengangkutan Jalan) • Lembaga Hasil Dalam Negeri (LHDN) • MyEG • Perbadanan Tabung Pendidikan Tinggi Negara (PTPTN) • Suruhanjaya Pengangkutan Awam Darat (SPAD) • Suruhanjaya Syarikat Malaysia (SSM) • Jabatan Kebajikan Masyarakat • Youth centre (Y-Centre) • KPDNKK • Land & Mineral • Local Council MPPG • Coop MPPG • TEKUN Nasional • Retails outlets • Dental clinics

The collaboration among the services providers in UTC: NATIONAL BLUE OCEAN STRATEGY

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 14 MITI Weekly Bulletin | www.miti.gov.my

of Technical Terms Fourth Industrial Revolution (4IR) Current trend of automation and data exchange in manufacturing technologies. FPSO Floating Production Storage and Offloading - Offshore production facilities that house both processing equipment and storage for produced hydrocarbons. Free-Rider A term used to infer that a country receives benefits from tariff cuts and concessions made by other countries through the most-favoured-nation principle, without undertaking any commitments. FSO Floating storage and offloading - A vessel used only to store oil (without processing it). FTA Free Trade Agreement – an agreement between two or more countries with the aim of liberalising the trade of goods and services and access to investment between those countries. An FTA does this by removing barriers to trade, such as eliminating most (if not all) tariffs and removing quotas on goods that can be exported or imported.FTAs currently pursued with selected countries are not confined to liberalisation and market opening measures alone. They are comprehensive and include investment, trade facilitation, intellectual property rights (IPR) as well as economic cooperation in areas such as:​ • competition policy; • standards and conformity assessment; • information and communication technology; • science and technology; • education and training; • research and development; • financial cooperation; • Small and Medium Enterprises (SMEs) development; and • paperless trading. G-20 Group of Twenty - brings together systemically important industrialized and developing economies to discuss key issues in the global economy. Established in 1999 and consists of Finance Ministers and Central Bank Governors from 19 of the world’s largest national economies, plus the European Union (EU). G-8 Group of Eight – G7 + Russia, an annual summit meeting of head of governments from seven industrialized countries in the world (G7) and Russia. Consists of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The European Union is represented in the G8, but cannot host or chair. GAAP Generally Accepted Accounting Principles - The ethic applies on the recording of revenues; expenses; costs; assets and liabilities; disclosure of information and preparation of financial statements.

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

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 15 MITI Weekly Bulletin | www.miti.gov.my Announcement

Paperless Customs Clearance Under ASEAN–China Free Trade Area(ACFTA)

Please be informed that the Chinese Government is promoting paperless customs clearance of goods involving preferential trade agreements under ACFTA, effective 1st January 2018. With reference to the Chinese Customs announcement No. 67(2017), importers/agents could opt for paperless customs clearance of goods involving preferential trade agreements. To use this facility, importers would need to submit electronically the original importation documents i.e. certificate of origin, invoice, bill of lading and certificate of non-manipulation to customs during import declaration. For record keeping and verification purposes, importers must retain all the original documents in hardcopy. However, existing procedure is applicable if the importers/agents opt to make import declaration using hardcopy documents. Thus, Malaysian exporters are advised to inform the importers in China on this facility provided by the Chinese Customs. Kindly request the importers to refer to the Chinese Customs’ clearance section/duty collection division for further clarification.

Thank You. Senior Director Trade And Industry Cooperation Section Ministry Of Internation Trade And Industry 24 April 2018

Industry 4.0 For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40

Withholding Tax For more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 16 MITI Weekly Bulletin | www.miti.gov.my @ YOUR SERVICE

Name : Lim Chee Hau Designation : Minister Counsellor (Economy) MITI Singapore Contact No : +(65) 622 0126 or 6222 1356 Email : [email protected]

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MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 17