Passenger cars prices in Malaysia have always been perceived to be higher than those sold in the neighbouring ASEAN countries. “Undeniably, at a first glance of the sales prices comparisons of popular models the claim appeared to be true, except when compared to prices in Singapore, said Madani Sahari, CEO of the Malaysia Automotive Institute (MAI)”
Madani further elaborated that MAI has done comparative analysis of these popular models within the ASEAN countries.
The price of Honda City and Toyota Vios of the 1500cc segment sold in Thailand are the cheapest in ASEAN, lower by 40% on average of the sales price in Malaysia. Similarly, the prices of these two marques in Philippines, Indonesia and Vietnam are also lower by 32%, 2% and 1.8% on average respectively.
Within the 1800 cc segment, the price of Honda Civic cheapest in Philippines, lower by 43%, while the prices of the model in Thailand and Vietnam are lower by 35% and 5% on average respectively. However, the price of...
Read MoreTag Archives: Export
June 23, 2015 , by admin2
Its success is good for Asean
ON Feb 26, International Trade and Industry Minister Datuk Seri Mustapa Mohamed will meet with his Asean counterparts in Nay Pyi Daw, Myanmar, to discuss regional economic issues.
This will be the 18th session of the Asean Economic Ministers’ (AEM) meeting, and the fact that it is being held in Myanmar is of no special significance, given that it is the country’s rotational turn.
Until now, that is.
Events in Myanmar have unfolded so rapidly that this meeting in Myanmar’s new capital city has now assumed a much higher profile.
Myanmar is on the verge of a new political and economic beginning. Trade and investment sanctions are coming down. National reconciliation dominates domestic politics. And the conditions for the commencement of economic reconstruction appear to be falling into place.
All this is good news. Myanmar is a country full of promise. It has vast reserves of natural resources and its people are hardworking and capable....
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1307 ViewsJune 23, 2015 , by admin2
EVOLVING TIES: It’s a golden opportunity to boost trade and investments between two of the world’s important groupings
TODAY, the Asean-European Union Consultations in Phnom Penh will set the stage to bring Asean and EU economic relations back on track and on to a higher plane.These relations hit a wall in 2009 when the Asean Economic Ministers and the EU Trade Commissioner agreed to halt their Free Trade Agreement negotiations. That was unfortunate.
The FTA had been envisaged to have been able to strengthen and deepen the region-to-region economic integration and help build regional capacity towards realising an Asean Economic Community by 2015. Indeed, this involvement would have provided an added dimension to the region- to-region collaboration and enriched the Asean process as well.
The FTA would also have added impetus to the EU’s technical assistance programmes under the Trans-Regional EU-Asean Trade Initiative and other economic integration initiatives. It...
Read More 758 ViewsJune 22, 2015 , by admin2
The Geneva based non-profit foundation, World Economic Forum, today released the fourth edition of its Global Enabling Trade Report 2012entitled “Reducing Supply Chain Barriers”. The report measures the extent to which individual economies have developed institutions, policies and services facilitating free flow of goods over borders to destinations. A total of 132 countries were surveyed for the 2012 Report compared to 125 in 2010.
In this report, Malaysia strengthens its overall enabling trade performance by 6 positions and moves up to 24thposition out of 132 economies (2010: 30 out of 125 economies). This ranking places Malaysia among the top 20% of global trade enabled economies.
Among Asia Pacific countries, Malaysia improved two positions, ranking 6th among 21 Asia Pacific countries, ahead of Taiwan (7th) and Korea (8th). The top 10 most trade enabled economies are Singapore, Hong Kong, Denmark, Sweden, New Zealand, Finland, Netherlands, Switzerland, Canada and...
Read More 1030 ViewsJune 22, 2015 , by admin2
The Ministry of International Trade and Industry (MITI) has recently been made aware of the fact that an unknown party has been holding itself out as a government agent to purchase products for the Ministry.
In a specific case, a company introduced itself as “a government licensed sourcing agent” and said it was looking for a reliable manufacturer/supplier of hot stamping machine to supply hot stamping machine to MITI for its “on-going development projects”.
MITI would like to advise that this is a scam and no such agent has been appointed by the Ministry. The public is advised to exercise due diligence when evaluating any such proposals received through email. 1217 ViewsJune 22, 2015 , by admin2
MEDIA RELEASE
INITIATION OF INVESTIGATION ON ANTI-DUMPING CONCERNING IMPORTS OF STEEL WIRE RODS ORIGINATING IN OR EXPORTED FROM CHINESE TAIPEI, THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA, THE REPUBLIC OF KOREA AND THE REPUBLIC OF TURKEY The Government of Malaysia has received from a domestic producer a petition for the imposition of anti-dumping duty on imports of steel wire rods. The petitioner alleges that imports of steel wire rods originating in or exported from Chinese Taipei, the People’s Republic of China, the Republic of Indonesia, the Republic of Korea and the Republic of Turkey are being brought into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this is causing material injury to the domestic industry in Malaysia. The petitioner further claims that imports from the alleged countries have increased in terms of absolute quantity. As a result, the petitioner has suffered... 479353 ViewsJune 22, 2015 , by admin2
By YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry
Net trade influences cyclical economic development and long-term growth potential
MALAYSIA is an open economy. Exports account for 118% of our gross domestic product (GDP). As a country with a relatively small domestic market, we depend on international trade to support economic growth.A major concern over the export-led growth model is that a highly open economy becomes more vulnerable to external and domestic demand shocks.With the global economy in such a state of flux, questions again arise as to whether trade can continue to be the driver of economic growth.
We seem to be going back to the arguments made by some economic historians like Irving Travis who asserted that trade expansion should be seen as an attendant consequence rather than an autonomous driver of growth.These economists would argue that growth was mainly the result of favourable internal factors, and that export expansion did...
Read More 735 ViewsJune 22, 2015 , by admin2
Kerajaan Malaysia telah memulakan penyiasatan kes anti-lambakan pada 28 Mei 2012 berikutan daripada satu petisyen yang dikemukakan oleh Amsteel Mills Sdn. Bhd. yang mewakili industri tempatan yang mengeluarkan produk rod dawai keluli (SWR). Pempetisyen mendakwa pengimportan rod dawai keluli yang berasal atau dieksport dari Chinese Taipei, Republik Rakyat China, Republik Indonesia, Republik Korea dan Republik Turki dibawa masuk ke Malaysia dengan harga yang lebih rendah daripada yang dijual di pasaran domestik negara-negara tersebut. Pempetisyen mendakwa ini telah menyebabkan kemudaratan material kepada industri tempatan di Malaysia.
Kerajaan telah selesai menjalankan penyiasatan awal seperti yang diperuntukkan di bawah Seksyen 23 Akta Duti Timbal Balas dan Anti-Lambakan 1993. Kerajaan mendapati bahawa terdapat asas yang mencukupi bagi meneruskan penyiasatan terhadap pengimportan SWR dari negara-negara tersebut.
Kerajaan akan mengenakan duti sementara anti-lambakan dalam bentuk...
Read More 777 ViewsJune 22, 2015 , by admin2
On 28 May 2012, the Government of Malaysia initiated an anti-dumping investigation based on a petition filed by Amsteel Mills Sdn. Bhd. on behalf of the domestic industry producing steel wire rods (SWR). The petitioner alleges that imports of steel wire rods originating in or exported from Chinese Taipei, the People’s Republic of China, the Republic of Indonesia, the Republic of Korea and the Republic of Turkey are being imported into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this is causing material injury to the domestic industry in Malaysia.
The Government has completed the preliminary investigation as provided under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993. The Government has found that there is sufficient evidence to continue with further investigation on the importations of SWR from the alleged countries.
The Government of Malaysia has decided to impose a provisional...
Read More 26918 ViewsJune 19, 2015 , by admin2
The Government of Malaysia has received from a domestic producer a petition for the imposition of anti-dumping duty on imports of newsprint in rolls (newsprint). The petitioner alleges that imports of newsprint originating in or exported from Belgium, Germany, Sweden and United Kingdom are being imported into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this is causing material injury to the domestic industry producing the same product in Malaysia.
The petitioner further claims that imports from the alleged countries have increased in terms of absolute quantity. As a result, the petitioner has suffered from the effects of dumping, among others, price undercutting, price depression, reduction in market share, reduction in domestic sales, reduction in cash flow, low productivity level, low production level and low capacity level, low return in investment and inability to raise capital.
The Government has... Read More
708 Views
No announcement for today.