Professional Documents
Culture Documents
29 March 2011
ECONOMIC TRENDS
MALAYSIA - INDUSTRIAL PRODUCTION INDEX, JANUARY 2011
In January 2011, Malaysia’s industrial production
index (IPI) increased 1% compared with January
2010. The increase was mainly attributed to
manufacturing (4.5%) and electricity (0.3%).
Source: MITI
Note : The preference giving countries under the GSP scheme are members of the European Union, Norway, Switzerland, Belarus, the Russian
Federation and Turkey.
• PCO : Preferential Certificate of Origin
• AANZFTA: ASEAN-Australia-New Zealand Free Trade • AIFTA: ASEAN-India Free Trade Agreement
Agreement
• GSP: Generalised System of Preference • CEPT: Common Effective Preferential Tariff (among ASEAN)
MITI Weekly Bulletin 02
CHART 4: MALAYSIA - WEEKLY NUMBER OF PCOs AND EXPORT VALUE
UNDER MJEPA & MPCEPA, JANUARY TO MARCH 2011
Source: MITI
Note : • MJEPA: Malaysia-Japan Economic Partnership Agreement • MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement
CHART 5: MALAYSIA - WEEKLY NUMBER OF PCOs AND EXPORT VALUE UNDER
ACFTA, AKFTA, AJCEP & MNZFTA, JANUARY TO MARCH 2011
Source: MITI
Note : • AKFTA: ASEAN-Korea Free Trade Agreement • ACFTA: ASEAN-China Free Trade Agreement
• AJCEP: ASEAN-Japan Comprehensive Economic Partnership • MNZFTA: Malaysia-New Zealand Free Trade Agreement
Raw Sugar
708.6 0.4 705.5 594.6 412.3 305.0
(per MT)
Cumulative tourism receipts improved of incremental visitors (namely quarters of 2010. This compares with
by 49% to S$18.8 billion from January tourists who would not have come to the initial official projection that the IRs
to December 2010, exceeding the year’s Singapore if not for the IRs) generated would generate 50,000 to 60,000 new
forecast range of S$17.5 to S$18.5 an estimated S$3.7 billion in value- jobs throughout the economy by 2015.
billion. added (or 1.7% of GDP) in the first
three quarters of 2010. The Government anticipates the IRs
The high growth in tourism receipts was to directly bring in more than S$12
attributed by the Singapore Tourism Singapore’s two Integrated Resorts billion of investment when they are fully
Board (STB) to higher per capita (IRs) are: completed, and generate new business
spending, strong international visitor 1. Marina Bay Sands (MBS) owned by opportunities for local companies.
arrivals and the opening of two Integrated Las Vegas Sands.
Resorts (IRs) in 2010. In 2010, Business travellers to Singapore include
2. Resorts World Sentosa (RWS) MICE delegates which form a significant
International visitor arrivals to Singapore owned by Genting Singapore
reached 11.6 million, registering a 20% segment of overall visitors. In 2010,
increase year-on-year. In terms of employment, the two IRs is the industry reported an estimated 20%
estimated to have created 30,300 jobs, surge in sales in the MICE businesses.
According to the Ministry of Trade out of the 111,500 new jobs generated The MICE industry is expected to grow
and Industry (MTI), the spending by tourist spending in the first three by 10% this year.
The Monetary Board has increased the Basis for the Monetary Board’s decision The latest baseline inflation forecasts
Bangko Sentral ng Pilipinas’ (BSP) key was to minimise the overall impact of now indicate that the 3 to 5% inflation
policy interest rates by 25 basis points rising inflation faced by the country with target range in 2011 could be at risk.
to 4.25% for the overnight borrowing respect to global situation pressure on The BSP stated that vibrant domestic
or reverse repurchase (RRP) facility the country. demand provides room for a policy
and 6.25% for the overnight lending or interest rate hike without affecting the
repurchase (RP) facility. The interest Global condition have resulted in country’s economic growth prospects.
rates on term RRPs, RPs, and special international food and oil prices to
deposit accounts (SDAs) were also escalated due to the combination of The last interest rate adjustment was
raised accordingly. sustained strong global demand and done on 9 July 2009.
supply disruptions and constraints.
The Bureau of Product Standards (BPS) Organization for Standardization (ISO), use, rules, guidelines or characteristics
of the Department of Trade and Industry the International Electrotechnical for activities or their results of a product
(DTI) has developed and adopted 432 Commission (IEC), and the Codex or service. It makes the development,
new Philippine National Standards Alementarius (Codex). To date, 72 PNS manufacturing and supply of products
(PNS) in 2010. have been made mandatory. and services more efficient, safer and
cleaner. It also facilitates trade between
To date, there are 7,310 PNS at the BPS PNS will undergo a series of deliberation countries and makes it fairer as well as
Standards Data Center and almost 79% including a circulation to relevant sectors provides government with a technical
of these are aligned to the international for their technical views and comments. base for health, safety and environmental
standards of the International PNS provides for common and repeated legislation and conformity assessment.
On 16 February 2011, the Government establishment of 11 state-managed rare industry standards aimed at reducing
provided policy guidelines on rare earth earth mining zones in Ganzhou, Jiangxi pollution and to regulate practices.
development: Province, an area rich in ion-absorbed- The new standard is expected to
type rare earth, to protect resources and pose operational challenges and
• China will strive to streamline its rare the environment. raise environmental costs. Increasing
earth industry within 5 years; environment concerns have caused the
• China will further accelerate industrial Currently, China is the world’s largest rare government to impose more stringent
consolidation, upgrading and earth producer and exporter supplying restrictions. This is also to control over-
technological innovation to protect the 95% of global rare earth demand. It is exploitation of rare earth in undeveloped
environment and save resources; estimated that China possesses 37% of regions where large deposits are found.
• the industry shall maintain rational the world’s total rare earth reserves.
production and inventory control, make In 2010, rare earth export from China Rare Earth Association
better use of domestic and overseas totalled US$761 million, up 221% from China is expected to establish a Rare
markets and resources, and have the previous year. Japan and the US are Earth Association in May 2011.
active international cooperation for a the major export destinations for China’s The association will be led by a former
healthy and sustainable development; rare earth in 2010. senior official of the Ministry of Industry
and and Information Technology (MIIT)
• the Government will establish and In 2010, China reduced export quotas of
rare earth by 39%, sparking complaints and comprises 90 Chinese rare earth
improve the supervision framework of developers and smelting enterprises.
laws and rules on rare earth industry, from major importing countries such as
Japan and the US. The association will assist the MIIT in
impose stricter mining policies to leading the restructuring and integration
protect the environment and resources The Ministry of Commerce has published
the first batch of export quotas of 14,446 of the rare earth industry and formulate
and make reasonable plans for mining a rare earth reserve system. Access
and exports. tonnes for 2011 – 11% lower than the
corresponding period in 2010. standards for the rare earth industry are
Streamlining of Rare Earth Production scheduled to be released in the second
and Supply Environment Protection Initiatives quarter of 2011.
In January 2011, the Ministry of In December 2010, the Ministry of
Land and Resources announced the Environment Protection approved new
India has released the Review of the External Sector to US$27.6 billion in 2010-11 from
Economy 2010-2011. 1. Foreign Trade US$35.6 billion in 2009-10.
Main highlights: • India’s merchandise exports in • Outbound FDI is expected to
2010-2011 likely to be US$230.3 increase to US$ 18.2 billion during
Domestic Sector 2010-2011 as compared with US$
billion, with a 31.6% growth from
1. Economy US$175.0 billion in 2009-2010. 16.0 billion in 2009-2010.
• GDP growth in 2010-2011 is • Merchandise imports to increase to
projected at 8.6% amounted to Measures
US$362.3 billion in 2010-2011 from In order to sustain a 9% growth,
US$1.72 trillion. This is higher than US$295.5 billion in last fiscal.
8.0% and valued at US$1.38 trillion several measureswere suggested:
• India’s exports during the first nine • containing inflation by focusing on
recorded in the previous year. months of the fiscal (April-December
• Per capita GDP is estimated to be monetary and fiscal policies;
2010) has grown by 29.5%, whereas
at US$1,453, compared with US$ imports grew at 19%. • creation of infrastructure work with
1,184 in the last fiscal year. • India’s merchandise trade deficit for focus on the power sector;
• GDP for agriculture, industry and 2010-2011 is projected at US$132 • containing current account deficit at
services sectors for fiscal 2010- billion, 7.7% of GDP and is lower 2%-2.5% of GDP;
2011 were pegged at 5.4%, 8.1% compared to 8.5% of GDP in 2009- • encouraging flow of foreign
and 9.6% respectively compared 2010. investment;
with 0.4%, 8.0% and 10.1% in the • Current account deficit for 2010- • greater attention to agriculture
previous fiscal year. 2011 is projected at 3.0% of GDP, sector;
2. Inflation as compared with 2.8% of GDP in • withdrawal of stimulus packages;
• Average inflation rate based on 2009-2010. • fiscal consolidation; and
wholesale price index (WPI) is • implementation of goods & services
2. Foreign Direct Investment tax (GST)
projected to be 7.0% in 2010-2011. • Inbound FDI is projected to decline
Real GDP increased at an annual rate month. The number of unemployed At 95.1% of its 2007 average, total
of 2.8% q-o-q in the fourth quarter of persons decreased by about 600,000 industrial production in January was
2010, according to the ‘second’ estimate in January to 13.9 million, while the 5.2% above its level a year earlier.
released by the Bureau of Economic labor force was unchanged. The capacity utilisation rate for total
Analysis on 28 February 2011. In the Industrial production decreased 0.1% industry edged down to 76.1%, a rate
third quarter, real GDP increased 2.6%. in January 2011 after having risen 1.2% 4.4 percentage points below its average
The increase in real GDP in the fourth in December. In the manufacturing from 1972 to 2010.
quarter primarily reflected positive sector, output increased 0.3% in US total foreign trade of goods and
contributions from personal consumption January after an upwardly revised gain services – total December 2010 exports
expenditures (PCE), exports, and non- of 0.9% in December. Excluding motor of US$163.0 billion and imports of
residential fixed investment. vehicles and parts, factory production US$203.5 billion resulted in a goods
The national unemployment rate fell rose 0.1% in January. The output and services deficit of US$40.6 billion,
by 0.4 percentage points for a second of utilities fell 1.6% in January, as up from US$38.3 billion in November,
month in a row to 9.0% in January 2011. temperatures moved closer to normal revised. December exports were US$2.8
Employment rose in manufacturing after unseasonably cold weather billion more than November exports of
and in retail trade but was down in boosted the demand for heating in US$160.1 billion. December imports
construction and in transportation and December. The output of utilities were US$5.1 billion more than November
warehousing. Employment in most other advanced 4.1% in that month. In imports of US$198.5 billion.
major industries changed little over the January, the output of mines declined
0.7%.
7. USA: TRADE POLICY AGENDA 2011 AND ANNUAL REPORT 2010 ON TRADE AGREEMENTS
On 1 March 2011, The United States Tade future creation of new products developing countries’ governments
Representative (USTR) announced the and services. to drive development and eventually
release of the 2011 Trade Policy Agenda • Protection of innovation and sustain economic growth.
of the President and the 2010 Annual enforcement of IPR will be a • The programmes offered and to be
Report on US Trade Agreements. priority for engagement with its extended under the PPD include the
The report elaborated on five priority trading partners. Generalized System of Preferences
focus areas on trade: 3. Strengthen Trade Relationship with (GSP), the Andean Trade Preference
Global Partners: Act (ATPA) programme and the
1. Enhance American economic growth Caribbean Basin Initiative (CBI) in
and employment through: • Key markets have been identified
and further efforts will be engaged 2011.
• The National Export Initiative (NEI);
• Export Promotion Council; to boost the relationship. 5. Reflect and Uphold American Values
• Specific trade priorities in 2011; • Promising markets identified in Trade Policy
• The Trans-Pacific Partnership (TPP); include Turkey, Ukraine, South • Trade liberalisation has been blame
• US Leadership in APEC; Africa and Indonesia. for economic recession as costs
• Doha Development Agenda (DDA); 4. Partner with Poor and Developing outweigh its benefits
and Countries on Trade and • To assure public support on future
• Russia’s Accession to the WTO. Development trade policy development, priorities
will be linked to creating employment,
2. Enforce America’s rights and protect • In 2010 the US established the economic growth, consideration
innovation in a strong rules-based Presidential Policy Directive on labour and environment,
Trading System through: (PPD) on Global Development transparency and better public
• innovation which is the lifeline for to help build capacity of selected engagement.
http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c
Dear Readers,
The MITI Weekly Bulletin (MWB) Secretariat is seeking your feedback for improving the Bulletin.
Kindly click the link below:
http://www.miti.gov.my/cms_matrix/form.jsp?formId=b50b9180-c0a81573-53d953d9-910af7e5
MITI Weekly Bulletin 09
BUSINESS OPPORTUNITIES
TENDER BIDS
DETAILS
SINGAPORE
Malaysian companies can access EnterpriseOne which provides wide overview of how to start or do business in
Singapore (at http://www.business.gov.sg/EN/StartingUp/ForeignBusinesses/) including information on government
assistance programmes, regulations and e-services for businesses from various Ministries, government agencies
as well as business associations. The site is managed by SPRING Singapore which is the equivalent of SME Corp.
Another useful website is Contact Singapore’s link for investors on doing business (http://www.contactsingapore.
sg/investors/investing_in_singapore/doing_business_in_singapore/) which provides information on registration of
business, finding premises and recruitment.
Companies may also wish to refer to EDB’s guide to investing in Singapore (http://www.sedb.com/edb/sg/en_uk/
index/why_singapore/Guide_to_Investing_in_Singapore.html) that provides similar information as like MIDA.
MATRADE
TRADE FAIRS
Target
Event Name Event Description Contact
Group
WHO’S NEXT 2011 This year will be MATRADE’s fourth Malaysian Haliza Mazlin Abdul Halim
Venue: FRANCE participation in this fair. WHO’S NEXT Paris companies haliza.m@matrade.gov.my
is a specialized international fashion trade
Date : 03 - 06 Sep 2011 show which is integrated in the ‘Paris Capital
Closing Date : 12 Apr 2011 of Creation’ programme. WHO’S NEXT has
managed to strengthen its international
linkages, featuring over 50% international
brands of total brands in the show. A mix of
countries, colours and styles, the WHO’S
NEXT fashion shows convey valuable
information about fashion and are creativity
vectors. It’s chance not to be missed!
INDOBUILDTECH EXPO 2011 Indonesia Building Technology Malaysian Sarah Johana Yusof
Venue: Jakarta Convention (Indobuildtech) Expo is an annual event for companies sarah@matrade.gov.my
Center, Jakarta focusing on the developments in building
INDONESIA, material and technologies. It is the biggest
and most influential international building
Date : 22 - 26 Jun 2011 material exhibition taking place every year
Closing Date : 15 Apr 2011 in Indonesia, covering a total exhibition floor
space of 13.000 sqm, was joined by more
than 300 building materials enterprises
from local and overseas (excluding 58
foreign exhibitors) and visited by 35.000
professionals. The motive and objective
behind the event is to bring forward the
recent developments in the fields of
construction activities.
IMPORT GOODS FAIR 2011 Import Goods Fair or IGF has been held Malaysian Mohd Izzam Ariffin
Venue: Pacific Hall, COEX since 2003 and organized by the Korea companies izzam@matrade.gov.my
REPUBLIC OF KOREA Importers Association (KOIMA), the only
association consisted of professional buying
Date : 09 - 11 Jun 2011 agents in Korea. In IGF2010, there are 162
Closing Date : 20 Apr 2011 booths for 151 companies from 34 countries
and managed to attract 12,097 people,
where 4,206 are trade visitors. Among
the major targeted product categories
include food & beverages, children’s
goods, home decoration goods, bathroom
supplies, cosmetics, DIY items, jewellery &
accessories, sports & leisure items, electric &
electronic appliances, and daily necessities.
Specialised Marketing Mission on Automotive Parts and Malaysian Wong Pooi Kuan
Components to Mexico City companies pooikuan@matrade.gov.my
City: Mexico City
Specialised Marketing Mission for Oil and Gas Sector to Timor Leste Malaysian Faizal Izany Mastor
City: Timor Leste companies faizal@matrade.gov.my
Specialised Marketing Mission on Construction and Related Services Malaysian Adli Ishak
to Jakarta, Indonesia companies adli@matrade.gov.my
City: Jakarta
PROMOTION BOOTHS
Target
Event Name Event Description Contact
Group
AIRLINE PURCHASING & This event is first and foremost a networking Malaysian Wong Pooi Kuan
MAINTENANCE EXPO 2011 event, bringing together everyone working companies pooikuan@matrade.gov.my
in the commercial aviation after-market for
Venue: OLYMPIA GRAND HALL a series of formal and informal networking
LONDON, UNITED KINGDOM activities, built around an informative and
thought provoking 2 day conference and
Date : 04 - 05 May 2011
10,000 sq m exhibition hall, with more than
Closing Date : 04 Apr 2011
250 of the world’s leading MRO suppliers
exhibiting. Whether your business is aircraft
maintenance, component repair, technical
procurement, supply chain management,
or any related support activity, this is the
one ‘must attend’ event in the trade show
calendar. Malaysian participation will offer
opportunity to attract UK and international
companies within the aerospace, aircraft
maintenance and air line purchasing to
outsource their products from Malaysia.
THE 20TH SAUDI BUILDING & Saudi building & interiors exhibition (SBIE) Malaysian Muhammad Hafizuddin
INTERIORS EXHIBITION (SBIE) is a perfect marketing platform from which to companies Ishak
access the vibrant and lucrative Saudi market hafizuddin@matrade.gov.my
Venue: JEDDAH and take advantage of the ongoing boom
INTERNATIONAL EXHIBITION & in the construction and interiors sectors.
CONVENTION CENTRE, Established as Saudi Arabia’s key event, the
JEDDAH annual exhibition is highly supported with
SAUDI ARABIA participation from international companies,
leading Saudi manufacturers, agents and
Date : 25 - 28 Apr 2011
distributors, and a wide spectrum of high
Closing Date : 14 Apr 2011
profile professional visitors from across
the kingdom and neighbouring gulf states.
Providing a comprehensive showcase for
manufacturers and suppliers, whether new
to the market launching new products or
simply wishing to increase brand awareness,
the successful dual combination of building
and interiors makes SBIE an integral part of
any marketing strategy for Saudi Arabia.
SIAL CANADA 2011, THE 8TH SIAL (Salon International de Malaysian Sijah Husein
INTERNATIONAL FOOD & L’agroalimentaire) this year, the three days companies sj@matrade.gov.my
BEVERAGE EXHIBITION tradeshow is expecting 530 exhibitors from
30 countries and 12,000 visitors from over
Venue: TORONTO METRO 60 countries event profile the leading North
CONVENTION CENTRE American agrifood show. SIAL Canada
TORONTO, ONTARIO offers to North American and worldwide
CANADA producers and distributors, a powerful
business platform to make a way into
Date : 11 - 13 May 2011 the north American marketplace visitor’s
Closing Date : 15 Apr 2011 profile a complete food technology show
which is for bakers, restaurants, snacks &
sweet manufacturers & person belongs to
food industry. Consultants, convenience
retailers, departmental stores managers,
dieticians / nutritionists /food technologists
architects / designers / engineers,
e-retailers. Restaurant management,
bakery/confectionery manufacturers,
airline/institutional catering management
exhibitor’s profile for exhibit includes
food processing machinery & equipment:
assorted food & beverage processing
equipment, drink / juice processing
equipment, food sterilizing machinery
/ equipment, bakery & confectionery
equipment. Food & beverages: poultry /
meat / halal meat, dairy products, chilled &
frozen foods, fresh produce. Seafood: fresh
seafood products, seafood processing.
Food ingredients: aromas, flavours &
fragrances, food additives / raw material.
7 New QC Tools for Quality Understand the 7 new QC tools and Top management Eamizan Hasim
Practitioners its application Executive eamizan@mpc.gov.my
5-6 April 2011 Supervisor
Johor Bahru Operator
Strategic Creative and Innovative Recognise and develop the creative Manager Izani Ishak
Thinking thinking & linking to organisational Supervisor izani@mpc.gov.my
6-7 April 2011 strategy Head of
Kuching Department
Benchmarking ideas to build creativity
Innovation Group
into problem solving to solve individual,
Facilitator
group and organisational problems
Failure Mode and Effect Analysis Understand the concept, philosophy, Top management Md Shubri Ismail
(FMEA) objectives and benefits of using FMEA Executive shubri@mpc.gov.my
13-14 April 2011 Supervisor
Petaling Jaya
ICC for Facilitators Understand the basic concept, Top management Nor Robaayah Mohd Noor
13-14 April 2011 operation and philosophy of ICC Executive nrmn@mpc.gov.my
Petaling Jaya Supervisor
Modernising Business Regulation Understand unproductive regulations Corporate Manager Eamizan Hasim
14 April 2011 and create unnecessary costs, Officer in eamizan@mpc.gov.my
Johor Bahru notably for small to medium-sized Government
enterprises Ministries and
Agencies
Introduce simple tool and techniques
Legal Officer and
to maximise the benefit of regulations
Local Council
to businesses and society
Innovation Tools for Service Sector Understand the service innovation tools Top management Eamizan Hasim
18-19 April 2011 Executive eamizan@mpc.gov.my
Melaka Understand the PDCA concept and Supervisor
applying it to various innovation
techniques
Creating Value Through Learn the concept of value creation Top management Nik Faizal Nik Ahmad
Productivity Analysis At Firm Level and productivity analysis Executive nikfaizal@mpc.gov.my
27 April 2011 Supervisor
Kuantan and Petaling Jaya Analyse & interpret productivity Ahmad Murshid Abu
through financial statements murshid@mpc.gov.my
MPC LATIHAN
Kumpulan
Program Objektif Hubungi
Sasaran
Amalan Persekitaran Berkualiti Memahami kepentingan konsep dan Pengurusan Eamizan Hasim
Yang Efektif faedah amalan persekitaran berkualiti atasan eamizan@mpc.gov.my
11-12 April 2011 ke arah peningkatan produktiviti dan Pengurus /
Johor Bahru kualiti Eksekutif
Penyelia
Memahami hubungkaitnya dengan
Petunjuk Prestasi Utama (KPI)
Memahami tentang persediaan
untuk persijilan amalan persekitaran
berkualiti
Audit Dalaman Amalan Persekitaran Memahami kepentingan, konsep dan Pengurusan Samauddin Radiman
Berkualiti kaedah audit dalaman sistem amalan atasan SRadiman@mpc.gov.my
12-13 April 2011 persekitaran berkualiti Pengurus /
Petaling Jaya Eksekutif
Penyelia
Amalan Persekitaran Berkualiti Memahami kepentingan konsep dan Pengurusan Izani Ishak
Yang Efektif faedah amalan persekitaran berkualiti atasan izani@mpc.gov.my
13-14 April 2011 ke arah peningkatan produktiviti dan Pengurus /
Kuching kualiti Eksekutif
Penyelia
Memahami hubungkaitnya dengan
Petunjuk Prestasi Utama (KPI)
Memahami tentang persediaan
untuk persijilan amalan persekitaran
berkualiti
Audit Dalaman Amalan Persekitaran Memahami kepentingan dan konsep Pengurusan Samauddin Radiman
Berkualiti Amalan Persekitaran Berkualiti atasan SRadiman@mpc.gov.my
26-27 April 2011 Pengurus /
Petaling Jaya Mengetahui faedah Amalan Eksekutif
Persekitaran Berkualiti ke arah Penyelia
peningkatan produktiviti dan kualiti
Pemerhati, dan
Semua yang ingin
mendapatkan
pendedahan
tentang aktiviti
ICC
Mini Konvensyen ICC Wilayah Mendedahkan kaedah untuk Kumpulan- Nor Robaayah Mohd Noor
Tengah membuat persembahan kepada kumpulan ICC nrmn@mpc.gov.my
26 April 2011 kumpulan ICC yang baru yang ditubuhkan
Petaling Jaya kurang dari 2
Memberi peluang kepada peserta tahun
dan pemerhati bertukar pengalaman
dalam kegiatan ICC Tidak pernah
menyertai
Memberi dorongan kepada kumpulan mana-mana
ICC yang baru ditubuhkan untuk Konvensyen
menunjukkan keupayaan kumpulan (mini/wilayah/
di dalam melaksanakan projek kebangsaan)
sebelumnya
Pemerhati, dan
Semua yang ingin
mendapatkan
pendedahan
tentang aktiviti
ICC