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MIDA Opens Third Office In China
October 13, 2015 , by admin2

BEIJING, Sept 9 (Bernama) — The Malaysian Investment Development Authority (MIDA) on Tuesday opened its third office in China to further woo investments.

Malaysian Minister of International Trade and Industry, Mustapa Mohamed, said the office, after Shanghai and Guangzhou, was to serve and facilitate Chinese investors amid their strong interests to invest in Malaysia.

He said the office would enhance MIDA’s efforts to attract Chinese companies to invest in Malaysia as well as act as a resources centre for interested companies looking for business and investment opportunities in Malaysia.

“China is a very important country for Malaysia and we hope the new office would further attract their investments,” he told reporters after officiating MIDA’s office here Tuesday.

Mustapa said the Chinese companies had strong presence in Malaysia’s construction industry as well as in property, manufacturing, services and ports.

He said Malaysia had seen an increase in investments...

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Malaysia Must Adopt Strategic Tools To Improve Labour Productivity - Ahmad Husni
October 13, 2015 , by admin2

PUTRAJAYA, Aug 11 (Bernama) — Enhancement of management skills, niche technology and effective organisation, are the strategic tools identified to improve labour productivity, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.

He said as labour productivity is expected to grow 3.7 per cent annually to RM92,300 by 2020, Malaysia also needs to improve and increase workers’ skills.

“The required advanced skills and technology is the best competitive edge for economies to move up the value chain and beyond the simple production processes and products,” he added.

Ahmad Husni told the media this after chairing the 2016 Budget Focus Group on “Improving Labour Productivity: Public and Private”, here today.

“Looking back at last year’s performance, national labour productivity growth, covering both the public and private sectors, was at 3.5 per cent to RM61,708 per employee from RM60,437 in 2013,” he said.

He said by sector, construction registered the...

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AEC To Spur Investments From ASEAN Into Malaysia
October 13, 2015 , by admin2

KUALA LUMPUR, Aug 10 (Bernama) — Foreign Direct Investments (FDI) in Malaysia from its ASEAN peers is expected to gain momentum with the ASEAN Economic Community (AEC) becoming a reality from Dec 31 this year.

Minister of International Trade and Industry (MITI) Datuk Seri Mustapa Mohamed said the sustained removal of barriers among the 10-member grouping, had led to an expansion in intra-ASEAN trade and investments, from US$1.22 billion in 2000 to US$24.4 billion in 2014.

“This accounts for 17.9 per cent of the total US$136.2 billion FDI inflows into the region last year,” he told reporters at the AEC Open Day here Monday.

Mustapa said similarly, intra-ASEAN trade accounted for 24 per cent of the total ASEAN trade or US$608 billion.

Meanwhile, ASEAN’s per capita income now stands at US$4,130 with intra-ASEAN trade expected to grow to 30 per cent by 2020.

He also said being the ASEAN Chairman this year, Malaysia wants to prepare local small and medium enterprises...

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Malaysia Perhebat Terokai Turki Susulan Permeteraian MTFTA
October 13, 2015 , by admin2

KUALA LUMPUR, 4 Ogos (Bernama) — Malaysia akan memperhebat penerokaan pasaran Turki susulan pelaksanaan Perjanjian Perdagangan Bebas Malaysia-Turki (MTFTA) yang dimeterai pada Sabtu, kata Menteri Perdagangan Antarabangsa dan Industri Datuk Seri Mustapa Mohamed.

Beliau berkata Malaysia akan mempromosikan pelaburan dan perkhidmatan di Turki, selain perdagangan.

“Ia pengubah permainan dan satu cara yang wajar dilakukan, terutamanya apabila mengambil kira Malaysia mempunyai pelaburan bernilai US$2 bilion (US$1 =RM3.85) di Turki.

“(Pelaburan) Kita agak besar di Turki menerusi Khazanah Nasional Bhd dan Malaysia Airports Holdings Bhd (MAHB),” katanya kepada pemberita selepas menerima kunjungan hormat Menteri Luar Turki, Mevlut Cavusoglu di pejabatnya, di sini hari ini.

Khazanah Nasional memegang 75 peratus kepentingan dalam rangkaian hospital terbesar Turki manakala MAHB mengambil alih operasi Lapangan Terbang Antarabangsa Sabiha Gokcen Istanbul dan LGM Havalimani Isletmeleri...

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MARKET TREND - MALAYSIA'S SEMI-CONDUCTOR DEVICES
July 7, 2015 , by admin2
In 2008, semi-conductor devices, being a major export product for the E&E industry, accounted for RM88.3 billion (34.8%) of total E&E exports valued at RM253.8 billion. Exports of semi-conductor devices for the period January to October 2009, totalled RM75.01 billion, compared with RM77.4 billion for the same period in 2008. Despite the reduction, export of semi-conductor devices still showed an upward trend for the period from January to October 2009. Exports of semi-conductor devices increased in October 2009 to RM9.4 billion, compared with RM8.7 billion and RM8.8 billion in September and August 2009 respectively. The increase in export performance during January to October 2009 was due to, among others, the increase of semi-conductor devices exported to China. As of October 2009, Malaysia’s exports of semi-conductor devices to China recorded an increase of 26.7% to RM20.4 billion, compared to RM16.1 billion during the corresponding period in 2008. Currently, China is...
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Update on Exports of Fishery Products To The EU
July 7, 2015 , by admin2
Following Malaysia’s decision to voluntarily suspend the exports of fishery products to the EU, on 17 June 2008, the Ministry of Health and the Ministry of Agriculture and Agro-based Industry, which are the competent authorities (CAs) together with the industry, worked towards getting the first batch of exporters to be evaluated by EU inspectors. The exporters were companies that have their own farms or fishing vessels, transport, cold rooms and have full control of the whole supply chain. The EU Food and Veterinary Office (FVO)was held from 3 to 12 March 2009. Six establishments have been approved for relisting for exports of fishery products to the EU. An official request by the Ministry of Health, Malaysia was submitted to Directorate General Health and Consumer Affairs (DG SANCO), European Commission on 16 March 2009 for the 6 Malaysian establishments to be re-listed as the approved establishments for exports of fishery products to the EU. Generally, it takes 6 weeks for the...
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Malaysia's Trade in Services Performance
July 6, 2015 , by admin2
Total trade in services for the first quarter of 2009 amounted to RM45.2 billion, registering a slight decrease of 5.2% from that recorded in the first quarter of 2008.

In the same period, exports registered a slight increase to RM23.9 billion as compared with RM23.8 billion in Q1 2008. Imports however decreased to RM21.3 billion from RM23.9 billion in Q1 2008.Trade in services recorded a surplus of RM2.6 billion in Q1 2009.  

MALAYSIA – SERVICES EXPORTS* BY MAJOR COMPONENT, Q1 2005 – Q1 2009image

Notes: Other Services refer to communication, construction, insurance, financial, computer and information, professional and technical, personal and cultural, management and other business services rendered,royalties and license fees.  (*) excluding government transactions  In Q1 2009, travel was the largest contributor to exports of services, accounting for 51.9% of total exports, while ‘other services’ accounted for 33.1% and transportation 14.6%.

MALAYSIA – SERVICES IMPORTS*...

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Exports of Proton Cars
July 6, 2015 , by admin2
 

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Source: PROTON  Note: ‘Others’ include Saudi Arabia, Turkey, South Africa, Indonesia, Oman, Taiwan, Brunei, Cyprus, Bahrain and Singapore.

 

In 2008, the four leading export markets for Proton cars were Thailand (17.6% share), China(16.6%), Iran (12.5%) and Egypt (10.0%). These four countries accounted for 56.7% of the totalexport market for Proton cars in 2008.

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MAKING SENSE OF LIBERALISATION
July 6, 2015 , by admin2
Liberalisation means different things for different people, not only in application, but also its implications. In the context of economic development, liberalisation means the removal of restrictions in order to allow “a free flow of goods, services and people across border”. The argument for liberalisation in economic development is that freer flow of goods, services and people leads to greater efficiency, and efficiency leads to cost reduction and competitiveness. Competitiveness leads to increased sales/exports which contributes to a bigger economic pie or economic growth. Economic growth creates jobs. Factors that can impede the drive for efficiency or increase the cost of production include excessive taxes, import restrictions, poorly trained workforce, bureaucratic delays, licensing or restrictive licensing requirements. Owners of resources or ‘factors of production’, are usually seeking the best place to employ their resources so as to achieve maximum gain. In...
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MARKET DIVERSIFICATION AND NEW GROWTH AREAS
July 6, 2015 , by admin2
MITI and its agencies will intensify trade diversification efforts into non-traditional markets and promote investments in new growth areas including renewable energy industry, which are high value-added and technology-intensive. These include new trade and investment promotion strategies including to the new and emerging economies of Brazil, Russia, India and China. A total of 10 Trade and Investment Missions and 25 Specific Project Missions have been planned for 2009.
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