12 January 2021 | NO

1 MITI WEEKLY BULLETTIN

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY Weekly BULLETIN VOLUME 620 12 January 2021 | NO. ISSN :2180-0448 ECONOMIC SECTORS IN THE ESSENTIAL SERVICES ALLOWED TO OPERATE THROUGHOUT THE PERIOD OF MOVEMENT CONTROL ORDER (MCO) IN PULAU PINANG, SELANGOR, WILAYAH PERSEKUTUAN (KUALA LUMPUR, PUTRAJAYA, LABUAN), MELAKA, JOHOR AND SABAH 1. Since 2019, the COVID-19 pandemic has impacted health and livelihoods not just in Malaysia, but throughout the world. As a consequence of the third wave of the COVID-19 pandemic, many countries around the world have tightened movement controls, in response to current developments and situations. 2. The Government has always been committed in mitigating the spread of COVID-19. The Government will continue to adopt a proactive and responsive approach taking into into account the advice and views of public health experts in introducing firm and effective measures in order to break the chain of infections of the COVID-19 virus. At the same time, the Government will continue to take all efforts to ensure the continuance of economic activities to bring prosperity and well being to the rakyat. 3. The Ministry of International Trade and Industry (MITI), as the ministry responsible for the development and growth of industry, trade and investment in the country, is always receptive of views from the industry associations and chambers of commerce. These views are pertinent in facilitating the Government to strike a balance between the imperative of health protection and the need to generate and revitalise the country's economic sectors. As a result of continuous engagements and constructive consultations with industry associations, chambers of commerce and other stakeholders, MITI has formulated a set of comprehensive, relevant and practical Standard Operating Procedures (SOPs). These SOPs will enable the smooth flow of operations and ensure effective implementation of Business Continuity Plan, particularly for the duration of MCO, beginning 13 January 2021 until 26 January 2021. 4. The Government's decision to allow five (5) essential economic sectors including manufacturing to operate is to ensure the country's economic recovery process, business sustainability, avoid high unemployment rates among Malaysians and ensure people continue to gain access to basic and critical neccesities, throughout the MCO period. The six (6) states under MCO are the main drivers of the country's economic activities and major contributors to the country's Gross Domestic Product (GDP), totalling 66.3 per cent of the total GDP. The state of Selangor’s contribution to GDP is at 24.2 per cent, Federal Territories (16.9 per cent), Johor (9.4 per cent), Penang (6.7 per cent), Sabah (6.0 per cent), and Melaka (3.1 per cent).

MEDIA RELEASE 5. This proactive action by the Government will have a positive impact on the country's economic growth, local and foreign investment flows as well as the sustainability of Small and Medium Enterprises. Among the important considerations also taken into account by the Government is the need to ensure the stability of the country's export activities as Malaysia is one of the key players in the global supply chain ecosystem. The sectors of the economy in essential services that are allowed to operate during the MCO period are detailed in Appendix 1. This Appendix covers the manufacturing sector under the oversight of MITI, and the construction, services, trade and distribution sectors, as well as plantations and commodities under the jurisdiction of other ministries and agencies. SOPs for the manufacturing sector under the purview of MITI can be downloaded from the MITI website at www.miti.gov.my. 6. Companies that have registered with the MITI database, namely COVID-19 Intelligent Management System (CIMS) through the link https://notification.miti.gov.my do not need to re-register to operate during the MCO period. These companies are only required to download the notification of registration confirmation, beginning today, 12 January 2021, at 3.00 pm. MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 2 MITI WEEKLY BULLETTIN ECONOMIC SECTORS IN THE ESSENTIAL SERVICES ALLOWED TO OPERATE THROUGHOUT THE PERIOD OF MOVEMENT CONTROL ORDER (MCO) IN PULAU PINANG, SELANGOR, WILAYAH PERSEKUTUAN (KUALA LUMPUR, PUTRAJAYA, LABUAN), MELAKA, JOHOR AND SABAH 7. Manufacturing companies in essential services that have not registered with CIMS can do so at the link https://notification.miti.gov.my from 3.00 pm, 12 January 2021. The notification of registration confirmation can be downloaded by the company upon completion of registration. 8. The afore-mentioned process of registration (via CIMS) only applies to companies in the manufacturing sector under the purview of MITI. It is the responsibility of the employer to download the notification of registration confirmation in order to enable the movement of their employees during the MCO period. Employees of the company who are allowed to be at work according to the specified times are required to bring along a copy of the notification provided by the employer together with the employee pass / employer confirmation letter. This is to facilitate the movement of commercial vehicles as well as the movement of workers between residence and work place. MITI has informed the Royal Malaysia Police regarding this matter to facilitate movement during roadblock operations. 9. In line with the objective of curbing the spread of the COVID-19 pandemic, only 30 percent of employees in the management group are allowed to be in the office. The number of support staff and employees directly involved in the production line will be determined by their respective employers, taking into account strict compliance to the SOP. 10. For work that does not require physical attendance, the Work From Home (WFH) directive will apply. The Government calls on the industry and the private sector to enhance the implementation of WFH as a new norm, in line with the advances of the latest technologies and online applications. 11. In order to prevent the pandemic from becoming more critical, the Government and the private sector must work together to control and break the chain of transmission. This is essential to protect the health and safety of the people and accelerate the economic recovery process. 12. It cannot be over-emphasised that it is the duty and responsibility of the industry to comply with the MCO and SOP set by the Government. MITI, in collaboration with the relevant state authorities, will

Media Release conduct periodic enforcement throughout the MCO period on companies to ensure compliance with SOPs and will take action to compound offences in accordance with Section 25 of the Prevention and Control of Infectious Diseases Act (Act 342). Employers who fail to comply with the SOP will be subject to legal action, including closure of premises. 13. MITI has also provided a list of frequently asked questions (FAQ) to assist the industry in obtaining detailed and accurate information on SOPs set by the Government to enable the manufacturing sector to operate during the MCO period. 14. As the country's economic front liners, MITI will continue to foster a conducive and business-friendly environment that enables economic activities to operate and grow.

SENIOR MINISTER MINISTER OF INTERNATIONAL TRADE AND INDUSTRY 12 JANUARY 2021

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 3 MITI WEEKLY BULLETTIN PRELIMINARY DETERMINATION OF THE SAFEGUARD INVESTIGATION WITH REGARD TO CERAMIC FLOOR AND WALL TILES PRODUCTS IMPORTED INTO MALAYSIA

On 13 September 2020, the Government of Malaysia initiated an investigation on imports of ceramic floor and wall tiles products into Malaysia pursuant to the Safeguards Act 2006 and Safeguards Regulations 2007, based on a petition filed by the Federation of Malaysian Manufacturers - Malaysian Ceramic Industry Group on behalf of the domestic industry producing the like products. The Petitioner alleged that the increase in imports of ceramic floor and wall tiles products in absolute terms and relative to domestic production from 2017 to 2019 have caused serious injury to the domestic industry in Malaysia producing the like products. Pursuant to subsection 20(2) of the Safeguards Act 2006 and regulation 10 of the Safeguards Regulation 2007, the Government has completed the investigation and made a negative preliminary determination as there was no increase in imports of the product under investigation (PUI) in absolute term. The Government was also not able to ascertain the import volume of the PUI in relative term to the domestic production of the like products during the period of investigation. Moreover, the Government was unable to ascertain the existence of causal link between the increase in imports of the PUI and the serious injury of the domestic industry in Malaysia producing the like products due to lack of information. Based on these findings and the negative preliminary determination, the Government has decided to terminate the safeguard investigation on imports of ceramic floor and wall tiles products into Malaysia on 11 January 2021. Notice of Negative Preliminary Determination of Safeguard Investigation with regard to Ceramic Floor and Wall Tiles Products Imported into Malaysia can be accessed through: http://www.federalgazette.agc.gov.my/outputp/pub_20210111_PUB12.pdf Interested parties such as local producers, importers, foreign producers/exporters and associations related to the investigation can have access to the non-confidential version

Media Release of the report on the Preliminary Determination by submitting a written request to the Ministry of International Trade and Industry as follows: Director Trade Practices Section Ministry of International Trade and Industry Level 9, Menara MITI No. 7, Jalan Sultan Haji Ahmad Shah 50480 Kuala Lumpur MALAYSIA Telephone Number : (603) 6208 4632/ 4660/ 4639/ 4647 Facsimile Number : (603) 6211 4429 E-mail address : [email protected]

Ministry of International Trade and Industry 11 January 2021

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 4 MITI WEEKLY BULLETTIN MALAYSIA REMAINS COMPETITIVE INVESTMENT DESTINATION FOR GERMAN COMPANIES The German Embassy in Malaysia will continue to support the existing German businesses as well as encourage more companies to expand their overseas operations in the country. Its Ambassador Dr Peter Blomeyer described Malaysia as one of the most developed and matured manufacturing and related services countries in the region. “Existing German companies operating here find Malaysia as an attractive hub in Asia Pacific.“In addition, the German business communities also welcome the decision to exempt advertising requirement for positions namely investors, company owners, C-suites, expatriates for regional offices as well as for intra- company transfers,” he said during his recent courtesy visit to the Malaysian Investment Development Authority (MIDA). Blomeyer also expressed interest in collaborating with local training institutions by offering German Dual Vocational Training (GDVT) programmes in Malaysia. Germany has been Malaysia’s largest foreign investor from the European Union. As of June 2020, a total of 461 manufacturing projects with German participation have been implemented with total investments of US$9.36 billion (RM33.31 billion). The projects have created 47,277 jobs. MIDA chairman Datuk Abdul Majid Ahmad Khan said he and Blomeyer discussed a host of prolific issues to continue goods-to-people mobility, despite the continuing pandemic concerns. “The closely linked business communities from both sides urgently need to Media Release commute with the acceptance of stringent standard operating procedures in place. “MIDA has been working tirelessly with the embassies and foreign chambers to ensure that investors are provided adequate assistance to the necessary approval and access to make well-informed investment and business decisions across various markets,” he said in a statement today. Abdul Majid briefed on MIDA’s plans to organise a Trade and Investment Mission and working visit to Europe including Germany once the border controls are streamlined and opened for business travellers. He expressed the government’s commitment to facilitate smooth business operations, including German investment in Malaysia. “Strong commitment from both institutions is essential in attracting quality investments for high value-add, capital-intensive and knowledge-intensive projects,” he added.

The Malaysian Reserve 8 January 2021

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 5 MITI WEEKLY BULLETTIN MONTHLY MANUFACTURING, NOV 2020 Malaysia’s Manufacturing sales in November 2020 stood at RM119.9 billion, grew 2.1 per cent as compared to RM117.4 billion reported a year ago. The year-on-year increase in November 2020 was driven by Transport Equipment & Other Manufactures Products (10.5%), Electrical & Electronics Products (5.3%) and Food, Beverages & Tobacco Products (5.1%). Malaysia Statistics Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 Malaysia’s Manufacturing sales in October 2020 stood at RM122.0 billion, grew 2.2 per cent as compared to RM119.4 billion reported a year ago. On month-on month growth, the sales value went up by 0.6 per cent (RM0.8 billion) while in a

6 MITI WEEKLY BULLETTIN INDUSTRIAL PRODUCTION INDEX (IPI), NOV 2020 The Industrial Production Index (IPI) contracted 2.2 per cent in November 2020 as compared to the same month of the previous year. The deterioration of IPI in November 2020 was due to the fall in Mining and Electricity index when it recorded a decline of 15.4 per cent and 2.5 per cent respectively. Meanwhile, the Manufacturing index continues to grow 2.0 per cent. Malaysia Statistics Malaysia

7 MITI WEEKLY BULLETTIN LABOUR FORCE, NOV 2020 Employed persons dropped 0.1 per cent month-on-month or 11.0 thousand persons to 15.20 million persons in November 2020 after recording an upward trend for five consecutive months. The employment-to-population ratio which indicates the ability of an economy to create employment shrank by 0.2 percentage points to 65.1 per cent. Malaysia Statistics Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 8 MITI WEEKLY BULLETTIN WORLD AGRICULTURE STATISTICS

VALUE ADDED OF AGRICULTURE, FORESTRY AND FISHING BY REGION (2018)

SHARE OF AGRICULTURE, FORESTRY AND FISHING VALUE ADDED IN TOTAL GDP (2018, USD 2015 PRICES) International Report International

Source: FAO Statistical Pocketbook 2020 MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur http://www.fao.org Tel:+603-8000 8000 Fax: +603-6202 9446 9 MITI WEEKLY BULLETTIN WORLD LARGEST EXPORTER OF GLYCEROL In 2019, Malaysia’s export of glycerol was US$ 245.01 Million which contributed to 19.9 % share of the world exports.

MALAYSIA'S TOP FIVE EXPORT DESTINATIONS International Merchandise Trade Merchandise International

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

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 10 MITI WEEKLY BULLETTIN Number and FOB Value of PCO as at 03 January 2021 Weekly / Monthly/ Annually

Weekly

Total No of CO Total FOB (RM mil) 14,000 16,000.0

12,000 14,000.0

12,000.0 10,000

10,000.0 8,000 8,000.0

6,000 RM mil. 6,000.0 4,000 4,000.0

2,000 2,000.0

0 0.0 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 2020 2020 TOTAL BILATERAL TOTAL REGIONAL TOTAL BILATERAL TOTAL REGIONAL

Monthly

Total No of CO Total FOB (RM mil) 400,000.0 60,000 350,000.0 50,000 300,000.0

40,000 250,000.0

30,000 200,000.0 RM mil. 150,000.0 20,000 100,000.0 10,000 50,000.0

0 0.0 Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Jan Feb Mar Apr May June Jul Aug Sep Oct Nov 2020 2020 TOTAL BILATERAL TOTAL REGIONAL TOTAL BILATERAL TOTAL REGIONAL

Annually

Total No of CO Total FOB (RM mil) 1,000,000 600,000.0

900,000 500,000.0 800,000

700,000 400,000.0 600,000

500,000 300,000.0 RM mil. 400,000 200,000.0 300,000

200,000 100,000.0 100,000

0 0.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2012 2013 2014 2015 2016 2017 2018 2019 2020 (Jan-Nov) (Jan-Nov)

TOTAL BILATERAL TOTAL REGIONAL TOTAL BILATERAL TOTAL REGIONAL

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

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 11 MITI WEEKLY BULLETTIN Regional FTA Number and Value of Preferential Certificates of Origin (PCOs)

ASEAN Trade in Goods Agreement (ATIGA) ASEAN-China Free Trade Agreement (ACFTA) 1,600 5,000 10,000 3,000

4,500 9,000 1,400 2,500 4,000 8,000 1,200 3,500 7,000 2,000 1,000 3,000 6,000

800 2,500 5,000 1,500 RM mil.RM RM mil.RM 2,000 4,000 600 1,000 1,500 3,000 400 No.of Certificate ofOrigin 1,000 No.of Certificate ofOrigin 2,000 500 200 500 1,000

0 0 0 0 3 Jan 3 Jan 1 Nov 8 Nov 1 Nov 8 Nov 6 Dec 6 Dec 18 Oct 25 Oct 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec 13 Dec 20 Dec 27 Dec

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

ASEAN-Korea Free Trade Agreement (AKFTA) ASEAN-Japan Comprehensive Economic Partnership (AJCEP) 800 900 140 350

800 700 120 300 700 600 100 250 600 500 500 80 200 400 RM mil.RM 400 mil.RM 60 150 300 300 40 100 200 No.of Certificate ofOrigin 200 No.of Certificate ofOrigin 20 50 100 100

0 0 0 0 3 Jan 3 Jan 1 Nov 8 Nov 1 Nov 8 Nov 6 Dec 6 Dec 18 Oct 25 Oct 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec 13 Dec 20 Dec 27 Dec

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) 600 900 140 1,200

800 120 500 1,000 700 100 400 600 800

500 80 300 600 RM mil.RM 400 mil.RM 60

200 300 400 40 No.of Certificate ofOrigin 200 No.of Certificate ofOrigin 100 200 20 100

0 0 0 0 3 Jan 3 Jan 1 Nov 8 Nov 1 Nov 8 Nov 6 Dec 6 Dec 18 Oct 25 Oct 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec 13 Dec 20 Dec 27 Dec

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

ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) Generalised System of Preferences (GSP) 1.6 9 16 60

8 1.4 14 50 7 1.2 12 6 40 1.0 10 5

0.8 4 8 30 RM mil.RM mil.RM 3 0.6 6 20 2 0.4 4 1 No.of Certificate ofOrigin No.of Certificate ofOrigin 10 0.2 2 0

0.0 -1 0 0 3 Jan 3 Jan 1 Nov 8 Nov 1 Nov 8 Nov 6 Dec 6 Dec 18 Oct 25 Oct 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec 13 Dec 20 Dec 27 Dec

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

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

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 12 MITI WEEKLY BULLETTIN Bilateral FTA Number and Value of Preferential Certificates of Origin (PCOs)

Malaysia-Japan Economic Partnership Agreement (MJEPA) Malaysia-Pakistan Closer Economic Partnership Agreement 250 1,000 140 (MPCEPA) 250 900 120 200 800 200

700 100

150 600 150 80 500 RM mil.RM RM mil.RM 60 100 400 100

300 40 No.of Certificate ofOrigin 50 200 50 No.of Certificate ofOrigin 20 100

0 0 0 0 3 Jan 3 Jan 1 Nov 8 Nov 1 Nov 8 Nov 6 Dec 6 Dec 18 Oct 25 Oct 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec 13 Dec 20 Dec 27 Dec

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) 0.45 25 50 120

0.40 45 100 0.35 20 40 35 0.30 80 15 30 0.25 25 60 RM mil.RM RM mil.RM 0.20 10 20 0.15 40 15 No.of Certificate ofOrigin 0.10 5 10 No.of Certificate ofOrigin 20 0.05 5

0.00 0 0 0 3 Jan 3 Jan 1 Nov 8 Nov 1 Nov 8 Nov 6 Dec 6 Dec 18 Oct 25 Oct 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec 13 Dec 20 Dec 27 Dec

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) 450 600 600

70 400 500 500 350 60 300 400 400 50 250 40 300 300 RM mil.RM RM mil.RM 200 30 150 200 200 20 No.of Certificate ofOrigin 100 No.of Certificate ofOrigin 100 100 10 50

0 0 0 0 3 Jan 3 Jan 1 Nov 8 Nov 1 Nov 8 Nov 6 Dec 6 Dec 18 Oct 25 Oct 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec 13 Dec 20 Dec 27 Dec

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

Malaysia-Turkey Free Trade Agreement (MTFTA) 600 350

300 500

250 400

200 300

RM mil.RM 150

200 100 No.of Certificate ofOrigin

100 50

0 0 3 Jan 1 Nov 8 Nov 6 Dec 18 Oct 25 Oct 15 Nov 22 Nov 29 Nov 13 Dec 20 Dec 27 Dec

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 Tel:+603-8000 8000 Fax: +603-6202 9446 13 MITI WEEKLY BULLETTIN Malaysian Ringgit Exchange Rate with Selected Countries, January 2019 - December 2020 US Dollar Pound Sterling USD 1 = RM GBP 1 = RM

4.3553 4.36 5.60

4.31 5.4980 5.50 5.4498 4.26 5.40

4.21 5.3068 5.30 RM RM

4.16

4.1161 5.20 4.11

5.10 4.06 4.0573 5.0895

4.01 5.00 Jan Feb 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 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 2020 2019 2020

Euro Australian Dollar EUR 1 = RM AUD 1 = RM

5.00 3.10 3.0519 4.9537 4.95 4.9355 3.00 4.90 2.9415

4.85 2.90

4.80

4.75 2.80 RM RM 4.7037 4.70 2.70 4.65 2.6729 4.60 2.60

4.55

4.5321 4.50 2.50 Jan Feb 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 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 2020 2019 2020

South Korean Won Brunei Dollar KRW 100 = RM BND 1 = RM

0.38 3.09 0.3709 0.37 0.3670 3.07 3.0671 0.37

0.36 3.05

3.0445 0.36 3.0350 3.03 RM RM 0.35

0.35 3.01 0.3461

0.34 2.99 2.9959 0.34

0.33 2.97 Jan Feb 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 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019 2020 2019 2020

Source : Bank Negara Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 14 MITI WEEKLY BULLETTIN Commodity Prices

CRUDE PETROLEUM CRUDE PALM OIL (BRENT) -per bbl- Highest -per MT- Highest 2020/2021 2020/2021 08 Jan 2021 : US$56.0 08 Jan 2021 : US$985.7 03 Jan 2020 : US$68.6 24 Dec 2020 : US$944.2

08 Jan 2021 : US$56.0 08 Jan 2021 : US$985.7 8.1%* 24 Apr 2020 : US$21.4 4.5%* 08 May 2020 : US$473.0 US$56.0 Lowest US$985.7 Lowest 08 Jan 2021 2020/2021 08 Jan 2021 2020/2021

Average Price 2019 i : US$64.2 Average Price 2019 i : US$557.1

RUBBER SMR 20 -per MT- COCOA SMC 2 -per MT- SUGAR -per lbs- 8.8%* 2.1%* 0.7%* US$1,604.0 US$1,413.7 US$15.6 08 Jan 2021 08 Jan 2021 08 Jan 2021

Average Price 2019 i : US$1,414.6 Average Price 2019 i : US$1,592.4 Average Price 2019 i : US¢12.4

COAL -per MT- SCRAP IRON HMS -per MT- 0.7%* %* %* US$68.5 US$495.0 US$475.0 08 Jan 2021 (high) (low) 08 Jan 2021 Average Price 2019 i : US$316.9 (high) Average Price 2019 i : US$56.5 Average Price 2019 i : US$291.6(low)

Domestic Prices 08 Jan 2021

Billets Steel Bars (per MT) (per MT) RM2,250- RM2,600 RM2,600 – RM2,700

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 Tel:+603-8000 8000 Fax: +603-6202 9446 15 MITI WEEKLY BULLETTIN Commodity Price Trends

1,050 Crude Palm Oil 1,790 Rubber SMR 20

1,000 985.7 1,740

950 1,690 944.2 943.0 900 1,678.5 903.8 903.7 1,662.5 1,640 886.1 1,645.0 850 859.7 1,615.5 1,604.0 847.1 844.1 826.5 1,590 1,603.0 US$/mt 800 US$/mt 1,572.0 1,566.0 781.8 1,540 1,551.5 1,553.0 750 1,527.0 735.4 1,490 700 1,474.0 650 1,440

600 1,390 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 2020 2021 2020 2021

Cocoa Pepper 1,700 2,400.0

2,350.0 1,650 2,323 2,331 2,320 2,300.0 2,310 1,632.9 2,304

1,600 1,601.3 2,250.0

1,550 2,200.0 2,175 US$/mt US$/mt

1,507.3 2,166 1,513.3 2,150.0 2,156 2,162 1,500 2,135 2,127 2,122 2,129 1,479.8 2,100.0

1,450 1,443.3 1,443.9 2,050.0 1,440.2 1,428.1 1,424.1 1,424.1 1,413.7 1,400 2,000.0 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 2020 2021 2020 2021

Sugar Crude Petroleum 16.0 60

56.0 15.5 15.6 55 15.5 52.3 51.3 51.8 15.2 52.2 15.0 50 49.3 50.0 15.0 48.2 14.7 14.8 14.9 49.1 48.2 48.5 14.7 14.5 45.0 46.3 46.6 45 45.5 US¢/lbs

14.4 14.4 14.4 US$/bbl 14.4 41.8 42.8 42.2 14.0 39.5 40 40.1 39.9 37.5

37.1 13.5 35 35.8

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl 13.0 30 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 2020 2021 2020 2021

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 Tel:+603-8000 8000 Fax: +603-6202 9446 16 MITI WEEKLY BULLETTIN Commodity Price Trends

Aluminium Copper Nickel 2,100 8,000 19,000

2,000 7,500 7,772 7,772 17,000 2,030 2,030 2,026 2,026 17,657 17,657

2,015 2,015 7,000 1,900 17,046 16,823 16,823 1,939 1,939 1,935 1,935 7,069 7,069 1,920 1,920 15,000 15,808 15,808 15,749 15,749

1,871 1,871 6,500

1,800 1,863 1,854 1,854 6,714 6,714 1,845 1,845 15,239 15,239 15,172 15,172 6,705 6,705 14,857 14,857 6,499 6,499 1,806 1,806 6,439 6,439 14,538 14,538 6,438 6,438 1,797 1,797 6,372 6,372

1,781 1,781 13,000 6,300 6,300 1,775 1,775

1,773 1,773 6,000 1,700 1,771 13,829 13,829 6,220 6,220 1,756 1,756 1,754 1,754 6,196 6,196 1,744 1,744 13,546 13,546 1,741 1,741 1,737 1,737 13,507 13,507 6,077 6,077 6,075 6,075 13,402 13,402 US$/ tonne US$/ 1,726 1,726 US$/ tonne US$/ 6,051 6,051 6,031 6,031 6,018 6,018 US$/ tonne US$/ 5,941 5,941 13,026 13,026 5,939 5,939 5,882 5,882 1,688 1,688 5,860 5,860 12,727 12,727 12,685 12,685 12,716 12,716 5,500 12,773 5,755 5,755 5,759 5,759 1,600 5,757 12,510 12,510 12,315 12,315 5,709 5,709 5,688 5,688

11,000 12,180 1,644 1,644 12,016 12,016 11,944 11,944 11,804 11,804 11,846 11,846 1,611 1,611 11,523 11,523

5,000 11,240 1,569 1,569

1,500 5,240 10,835 10,835 5,183 5,183

5,058 5,058 9,000 4,500 1,466 1,466

1,400 1,460

4,000 7,000 1,300 Jul Jul Jan Jan Jun Jun Jul Jul Oct Oct Oct Apr Apr Sep Feb Sep Feb Sep Dec Dec Dec Aug Aug Nov Nov Nov Jan Jan Mar Mar Jun Jun Oct Oct Oct Apr Apr May May Sep Feb Sep Feb Sep Dec Dec Dec Aug Aug Nov Nov Nov Mar Mar May May Jul Jul Jan Jan Jun Jun Oct Oct Oct Apr Apr Sep Feb Sep Feb Sep Dec Dec Dec Aug Aug Nov Nov Nov Mar Mar May May 2018 2019 2020 2018 2019 2020 2018 2019 2020

Scrap Iron/MT (High) Coal Scrap Iron 170.0 Iron Ore 72 520 Scrap Iron/MT(Low)

495.0 495.0

69.0 150.0 68.5 67 470 475.0 475.0 155.43 66.0 66.1 65.0 130.0 430.0 430.0 62 420 124.36 110.0 123.75 390.0 390.0 390.0 121.07 119.78 400.0 400.0 120.24 US$/t US$/mt US$/dmtu 108.94 57 370 108.52 360.0 56.7 350.0 90.0 103.30

56.1 100.15 93.65 93.70 92.65 350.0 93.08 350.0 350.0 95.76 93.07 88.99 88.53 87.68 88.22 86.47

320.0 84.98

320.0 84.73 330.0 52 320 310.0 325.0 70.0 76.16 73.41 50.8 50.8 50.8 50.8 50.8 73.26 69.15

300.0 68.44 290.0 50.0 47 270 285.0 Jul Jul Jan Jan Jun Jun Oct Oct Oct Apr Apr Sep Feb Sep Feb Sep Dec Dec Dec Aug Aug Nov Nov Nov

23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan Mar Mar May May 2020 2021 2020 2021 2018 2019 2020

63.0 Gold 27.0 Silver 1,100.0 Platinum

26.5 1,079.2 62.0 62.4 1,072.8 1,071.3 26.4 1,050.0 26.0 26.0 1,043.1 25.9 1,028.9 61.0 61.2 1,021.8 25.5 25.7 60.8 1,000.0 60.7 60.5 60.3 60.4 25.0 60.0 60.3 24.7 24.8 59.9 964.8 24.5 24.6 950.0 957.2 US$/g US$/oz 24.4 US$/oz 59.0 59.3 59.2 24.3 24.0 24.1 900.0 23.5 906.7 58.0 23.6 899.4 896.0

23.0 850.0 57.0 57.2 848.4 22.5 22.6

56.0 22.0 800.0 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 2020 2021 2020 2021 2020 2021

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 Tel:+603-8000 8000 Fax: +603-6202 9446 17 MITI WEEKLY BULLETTIN ALL YOU NEED TO KNOW...... NEED TO ALL YOU

For more information, kindly click the following links: https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202 MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 18 MITI WEEKLY BULLETTIN ALL YOU NEED TO KNOW...... NEED TO ALL YOU

For more information, kindly click the following links: https://www.miti.gov.my/index.php/pages/view/industry4WRD

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 19 MITI WEEKLY BULLETTIN

APEC PUTRAJAYA VISION 2040

PART 2 - INNOVATION AND DIGITALISATION

To empower all our people and businesses to participate and grow in an interconnected global economy, we will foster an enabling environment that is, among others, market-driven and supported by digital economy and innovation. We will pursue structural reforms and sound economic policies to promote innovation as well as improve productivity and dynamism. We will strengthen digital infrastructure, accelerate digital transformation, narrow the digital divide, as well as cooperate on facilitating the flow of data and strengthening consumer and business trust in digital transactions. Announcements

For more details :

http://www.apec.org/

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 20 MITI WEEKLY BULLETTIN Announcements

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 21 MITI WEEKLY BULLETTIN Announcements

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 22 MITI WEEKLY BULLETTIN

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

Announcements For more information, please contact :

03-6200 0468 / 69 / 57 [email protected]

For more information, kindly click the following links: https://www.myapec2020.my/en/

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 23 MITI WEEKLY BULLETTIN

For submission, kindly click https://notification.miti.gov.my/login

For more information, kindly click the following links: https://bit.ly/2RUyG8l

For more information, kindly click the following links: https://bit.ly/2ZhxmRp Announcements

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 MITI WEEKLY BULLETTIN 24 WWW.MITI.GOV.MY Announcements

For more information, kindly click the following links: http://www.mycensus.gov.my

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 25 MITI WEEKLY BULLETTIN

MITI Weekly Bulletin (MWB) Mobile Apps

MITI MWB APPs is now available for IOS, Android and Windows platforms.

MWB APPs can be downloaded from Gallery of Malaysian Government Mobile APPs (GAMMA) at the link: http://gamma.malaysia.gov.my/#/appDetails/85

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