Tag Archives: Import
June 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
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0 Comments June 19, 2015 , by admin2
KUALA LUMPUR: The government has decided to initiate a preliminary investigation on imports of cellulose fibre reinforced cement flat and pattern sheets (FCB) from Thailand following a petition from a domestic producer requesting imposition of anti-dumping duty on imports of FCB.
“In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination will be made within 120 days from the date of initiation.
“If the preliminary determination is affirmative, the government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury,” the Ministry of International Trade and Industry (Miti) said in a statement.
The petition, which the government received on June 3, among others alleged that imports of FCB originating in or exported from Thailand are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged country.
The petitioner claims...
Read MoreJune 18, 2015 , by admin2
KUALA LUMPUR: Exports are likely to improve slightly in August compa-red to July. A poll suggests exports will grow by an average 5.43 per cent year-on-year, imports by 10.5 per cent and trade balance coming in at an average RM5.14 billion.
The International Trade and Industry Ministry will release the data today.
Bank of America Merrill Lynch economist Dr Chua Hak Bin said exports will remain healthy in August.
“Tech and other machinery equipment exports are likely to continue to expand, in line with Asian peers South Korea and Taiwan.”
Palm oil exports probably edged higher as data from the Malaysian Palm Oil Board showed higher volumes of shipments in August.
Other commodity exports probably continued to contract, given the soft prices, he said.
Citi commented that China’s imports from Malaysia slowed in August (from one per cent in July) while Japan’s imports plunged in the same month (from 10.3 per cent).
It said Singapore’s imports from Malaysia likely...
Read MoreJune 17, 2015 , by admin2
KUCHING 4 Mac - Johor merupakan destinasi pilihan utama pelabur di negara ini apabila mencatatkan nilai pelaburan berjumlah RM14.4 bilion dalam sektor pembuatan mengatasi Selangor, Sarawak dan Pulau Pinang pada tahun lalu.
Timbalan Menteri Perdagangan Antarabangsa dan Industri, Datuk Ir. Hamim Samuri berkata, Selangor berada di tangga kedua dengan hasil pelaburan sebanyak RM9.8 bilion, diikuti Sarawak (RM8.27 bilion) dan Pulau Pinang (RM3.9 bilion).
Katanya, daripada keempat-empat negeri itu, Sarawak mencatat hasil pelaburan hampir mencecah dua kali ganda berbanding tahun sebelumnya iaitu sebanyak RM4.72 bilion.
Menurutnya, jumlah itu menunjukkan pengusaha dan penggiat aktiviti perniagaan pelbagai peringkat di Sarawak mempunyai keyakinan dalam menarik pelabur asing dan domestik terhadap prestasi ekonomi negeri itu.
“Saya juga percaya komitmen kerajaan negeri dalam mewujudkan suasana kondusif dan mesra pelabur ternyata berjaya menarik pelabur untuk menanam modal di Sarawak,”...
Read MoreJune 17, 2015 , by admin2
INVESTMENT PERFORMANCE IN THE MANUFACTURING AND MANUFACTURING RELATED SERVICES SECTORS
JANUARY - MARCH 2014
STATEMENT BY:
YB DATO’ SRI MUSTAPA MOHAMED
MINISTER OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA
Q1 2014 Approved Investments in the Manufacturing Sector Surpass Q1 2013 Record
Eighty Five Per Cent of Jobs Created Are High Skilled Employment
Malaysia successfully attracted a higher level of approved investments in the manufacturing sector in the first quarter (Q1) 2014 compared with the corresponding period of 2013. The country recorded RM17.1 billion of investments, an increase of 52.7% as compared with RM11.2 billion in the same period of 2013, reflecting its competitiveness as a location of choice for high value added manufacturing activities in the region.
The manufacturing projects approved during the period are expected to generate about 18,677 job opportunities with major proportion of employment being in highly skilled occupations. It is encouraging to...
Read MoreJune 17, 2015 , by admin2
MALAYSIA EXTERNAL TRADE STATISTICS
TRADE PERFORMANCE FOR THE MONTH OF MARCH 2014 AND THE PERIOD OF JANUARY-MARCH 2014 #
Export Growth Sustained
Exports in March 2014 expanded by 8.4% year-on-year to RM65.03 billion andimports increased by 0.5% to RM55.43 billion from March 2013. Trade surplus increased by 96.8% to RM9.59 billion in March 2014.
Malaysia’s total trade in March 2014 rose by 4.6% from a year ago to RM120.46 billion. Increases in trade were recorded with Singapore, which rose RM2.21 billion, Taiwan (↑RM1.64 billion), Australia (↑RM1.06 billion), the Netherlands (↑RM854.7 million), Hong Kong (↑RM391.6 million) and New Zealand (↑RM366.3 million).
E&E Drives Exports
Exports of manufactured goods was RM43.86 billion or 67.4% of total exports in March 2014, an increase of 8.5% or RM3.44 billion from March 2013. The increase in exports was contributed mainly by higher exports of electrical and electronic (E&E) products especially electronic integrated...
Read MoreJune 17, 2015 , by admin2
INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF HOT-ROLLED COILS (HRC), CHEQUERED COILS AND PICKLED & OILED COILS (P&O COILS) ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA AND THE REPUBLIC OF KOREA
On 20 May 2014, the Government of Malaysia received a petition from a domestic producer requesting an imposition of anti-dumping duty on imports of HRC, Chequered Coils and P&O Coils. The petitioner alleges that imports of HRC, Chequered Coils and P&O Coils originating in or exported from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this has caused material injury to the domestic industry in Malaysia.
The petitioner further claims that the imports from the alleged countries have increased in terms of absolute quantity. As a result, the...
Read MoreJune 17, 2015 , by admin2
KUALA LUMPUR: THE World Bank has ranked Malaysia 18th out of 189 economies for ease of doing business, up two notches from last year, and ahead of countries such as Taiwan (19th), Switzerland (20th) and Japan (29th).
The World Bank’s Doing Business 2015 Report, released yesterday, showed the top three performers were Singapore, New Zealand and Hong Kong. Bernama reports that Malaysia ranked first among emerging east Asian economies.
A new method was used for the ranking because of limitations in the previous mechanism, such as loss of information, inability to track progress and inequality in business friendliness measured in larger countries.
The ranking is now based on the distance to frontier (DTF) score — score of country that is ranked No. 1 — rather than the percentile rank. Malaysia’s score edged up to 78.83 points from last year’s 76.84 points.
The report looked at 10 areas: starting a business; dealing with construction permits; getting electricity;...
Read MoreJune 16, 2015 , by admin2
KOTA BAHARU, Dec 14 (Bernama) — The government is conducting a comprehensive study on the ringgit’s depreciation, says International Trade and Industry Datuk Seri Mustapa Mohamed.
He said the study was jointly undertaken by his ministry, Bank Negara Malaysia, Ministry of Finance (MOF) and the Economic Planning Unit (EPU) of the Prime Minister’s Department to ascertain the impact of the falling ringgit on the economy.
“We have experts in the government, Bank Negara Malaysia, MOF and EPU who are carrying out studies to determine if the depreciating ringgit is good or bad and if it has a positive effect on the economy,” he told reporters after presenting prizes and BMW cars to winners of a contest organised by Bank Islam Malaysia here, Sunday.
Mustapa said as a trading nation, the depreciation of the ringgit would definitely have an effect and it was necessary for the study to determine its impact on imports, exports, inflation, manpower and others.
“Ups and down in...
Read MoreJune 15, 2015 , by admin2
KUALA LUMPUR, Feb 23 (Bernama) — The Tok Bali Supply Base project in Kelantan can attract up to RM1 billion in investments within the next three years.
Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the project would have a spin-off effect on the surrounding Tok Bali area and the state itself.
“This is a very important project for Kelantan. This is what the Kelantanese are yearning for,” he told reporters during a briefing Monday.
Mustapa said Tok Bali Supply Base Sdn Bhd (TBSB), the operator of the supply base, has invested about RM90 billion to construct it and is expected to spend an additional RM100 million this year with its partners.
He said TBSB is currently in talks with a pipe specialist company to set up a pipe-coating operation at the port, with an investment of about RM340 million over the next two years.
He added that the company would occupy as much as 32.37 hectares of the port land with the objective of creating a facility...
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