Reset Setting Change contrast to brightChange contrast to originalChange contrast to darkChange font size to lower sizeChange font size to original sizeChange font size to large size
T
T
T
T
T
MITI's Portal
 

Glossary

IAP

Individual Action Plan - An action plan developed and implemented by each APEC member economy to outline activities related to realizing Bogor goals of free and open trade and investment in the region. Each IAP contains 15 chapters on different ... [read more]

IBS

Industrialised Building System - A technique of construction whereby components are manufactured in a controlled environment - either onsite or offsite - placed and assembled into construction works. [read more]

ICP

Internal Compliance Program - A set of internal controls and procedures implemented voluntarily by a company that ensures transactions satisfy the requirements under STA 2010. An ICP is a prerequisite for companies that wish to avail themselves of ... [read more]

ILP

Industrial Linkage Programmes - is implemented to integrate local SMIs into the mainstream industrial sector to forge stronger industry linkages. [read more]

IMF

International Monetary Fund - referee and, when the need arises, rescuer of the world's FINANCIAL SYSTEM. The IMF was set up in 1944 at BRETTON WOODS, along with the WORLD BANK, to supervise the newly established ... [read more]

Import Duty

A tariff on import [read more]

Imports

Refer to goods brought into the country, either directly or into bonded warehouses, irrespective of whether such goods are for consumption, to be processed, used in manufacturing or subsequent re-exports to other countries. The value of imports ... [read more]

Inclusion List (IL)

A list which stipulates the products which are offered preferential import duties. [read more]

Inflation

Rising prices, across the board. The purchasing power of a unit of currency falls as a result of inflation. For example, if the inflation rate is 2%, then a pack of gum that costs RM1 in a given year will cost RM1.02 the next year. Inflation ... [read more]

International Commercial Terms (Incoterms)

Initially created in 1936 by the International Chamber of Commerce (ICC) and have been periodically revised (Incoterms® 2010 is the 8th revision). Incoterms® reflect world-wide trade practices, as practices change, Incoterms® are revised [read more]

International Payment Methods

Cash in Advance: Time of Payment : Before Shipment               Goods Available to Buyer : After Payment   Open Account Time of Payment : As agreed; e.g.: 30 days Goods ... [read more]

Invisible hand

Adam Smith's shorthand for the ability of the free market to allocate factors of production, goods and services to their most valuable use. If everybody acts from self-interest, spurred on by the profit motive, then ... [read more]

Invisible trade

Exports and imports of things you cannot touch or see: services, such as banking or advertising and other intangibles, such as copyrights. Invisible trade accounts for a growing slice of the value of world trade. [read more]

IoT

Internet of Things - System of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers and the ability to transfer data over a network without requiring human-to-human or ... [read more]

IPI

Industrial Production Index - The industrial production index measures the change in output in Malaysian manufacturing, mining, construction, and electricity, gas and water. Output refers to the physical quantity of goods produced, unlike sales ... [read more]