Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: International Trade and Industry

Cement Industry To See Reasonable Growth - Mustapa
November 18, 2015 , by vox vox

KUALA LUMPUR, Oct 21 (Bernama) — The cement industry is expected to see reasonable growth in the next two to three years on the support from the major government infrastructure development projects.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, said the construction sector recorded between five and six per cent growth for the past few years.

“Although demand for high-end residential units had softened, the government is continuously pushing to spur construction in the form of affordable housing, the Refinery and Petrochemical Integrated Development and Mass Rapid Transit projects, among others,” he told reporters at the 50th Anniversary of Cement and Concrete Association (C&CA) here Wednesday.

He said these projects were the major consumers of cement.

Mustapa said the prospects of the industry would continue to be good for cement and construction sector as a whole.

Meanwhile, C&CA Chairwoman, Datuk Yeoh Soo Keng, said the association hoped the...

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Budget: Miti Hopeful Of Boost In Economic Growth & Trade Figures From Budget 2016
November 18, 2015 , by vox vox

KUALA LUMPUR, Oct 22 (Bernama) –The Ministry of International Trade and Industry hopes the Budget 2016 will help boost economic growth and trade figures.

This is amid the uncertainty in the global market due to the fall in the oil prices and weakening of the ringgit, said its Minister Datuk Seri Mustapa Mohamed.

The budget will be tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament tomorrow.

Mustapa was also hopeful that more focus would be given to small and medium enterprises (SMEs) - the backbone of the country’s economy - in the budget with new plans and strategies to enhance exports.

Mustapa said this was also due to the competition the country is facing.

He told reporters this during a briefing and memorandum of understanding signing ceremony.

In an effort to encourage more Malaysian food manufacturers obtain the Hazard Analysis Critical Control Points (HACCP)certification, the Malaysia External Trade Development Corporation (Matrade) is collaborating...

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MITI, SCE To Jointly Conduct Talent Development Programme
October 13, 2015 , by admin2

KUALA LUMPUR, Sept 8 (Bernama) — The Ministry of International Trade and Industry (MITI) has teamed up with Singapore Corp Enterprise (SCE) to conduct a talent development programme for officers from MITI and its agencies.

Deputy Minister, Datuk Ahmad Maslan, said the eight-month programme, from September 2015 to April 2016, was the first of its kind for Malaysian civil service and would involve 122 officers.

“The platform, called the Economic Policy Leaders programme, would enhance the professionalism and charisma of the officers,” he said after the signing of the memorandum of understanding between MITI Deputy Secretary-General, Datuk Jayasiri Jayasena, and SCE Chief Executive Officer, Kong Wy Mun, here today.

Also present was Temasek Foundation Chief Executive Officer, Benedict Cheong.

Ahmad said the programme would be held in Malaysia and will be followed by a learning visit to Iskandar, Johor and Singapore.

The cost of approximately RM750,927 would be equally funded...

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India’s Sadguru Polymer Keen To Set Up PVC Resin Plant In Malaysia
June 16, 2015 , by admin2
NEW DELHI, Jan 15 (Bernama) — India’s Sadguru Polymers Pvt Ltd & Triace Solutions is keen to set up a PVC resin manufacturing plant in Malaysia with an initial investment of between RM6.06 million and RM7.13 million. “This will be our first investment out of India and we would like to invest in Malaysia as it is strategically located for us to source the raw materials,” Sadguru Polymers Managing Director Harinath P. said. “We are looking at Johor for now, but we are keeping our options open as Port Klang is an equally attractive location. “We want to be close to the port as it is easier for transportation of raw materials,” he told the Malaysian media here today. The PVC resin, a raw material for the manufacture of pipes and fittings, will be exported to India and other countries, he said. Phase II of the firm’s expansion will be a metallurgical manufacturing plant, he said, adding that the PVC resin plant is the first focus area. “If everything works out...
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Mustapa Meets Counterpart In India
June 16, 2015 , by admin2
JAIPUR (Rajasthan), Jan 16 (Bernama) — International Trade and Industry Minister Datuk Seri Mustapa Mohamed met Indian Commerce and Industry Minister Nirmala Sitharaman and discussed the strong bilateral ties between the two nations. Among others, India requested Malaysia, which is the current chair of Asean, to take up a more proactive role in the negotiations for the Regional Comprehensive Economic Partnership (RCEP) trade pact. Mustapa said Malaysia considered the conclusion of the RCEP negotiations as one of the deliverables during Putrajaya’s chairmanship of the 10-member grouping. There are ample political will to conclude the negotiations, he said during the 15-minutes meeting held on the sidelines of the Confederation of Indian Industry Partnership Summit 2015 here today. RCEP is a proposed free trade agreement, which involves the 10 members of Asean and six other nations namely Australia, China, India, Japan, South Korea and New Zealand. The negotiations for RCEP,...
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Malaysia To Lead Conversations On Asean Economic Integration At WEF 2015
June 16, 2015 , by admin2
KUALA LUMPUR, Jan 16 (Bernama) — Malaysia’s participation at this year World Economic Forum (WEF) reflects its commitment to shape the global trade agenda, and lead conversations on Asean economic integration, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said. “This is an important year for Malaysia and as Chair of Asean, we must be in the forefront in ensuring the realisation of the Asean Economic Community (AEC). “We must take the opportunity to engage the international business community and civil society and lead by example,” he said in a statement Friday. Prime Minister Datuk Seri Najib Tun Razak will be attending the two-day forum from Jan 23 in Davos, Switzerland. Najib, who is also Finance Minister, will be accompanied by Mustapa and Minister in the Prime Minister’s Department Datuk Seri Wahid Omar. The delegation also includes several prominent Malaysian business leaders as well as heads of investment-related agencies. One of the...
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Malaysia Set To Offer More Opportunities At 45th World Economic Forum
June 16, 2015 , by admin2
AVOS (Switzerland), Jan 20 (Bernama) — “More Opportunities”. That is what Malaysia is set to offer at the upcoming World Economic Forum (WEF), which starts tomorrow until Jan 24. Whether it is business opportunities or ease of doing business in Malaysia, there are plenty to offer on the table amid concerns by economists around the world of a very challenging first half, this year. All preparations to hold the 45th annual forum at the world’s famous ski resort of Davos-Klosters in Switzerland are in place despite the shivering cold weather. With this year’s forum themed, “The New Global Context”, more than 40 head of states and government, together with 2,500 business leaders, will convene for five days here to discuss current global economic landscapes and strategies, moving forward. Eye-catching banners reading “Malaysia Doing Business. Building Friendships” and “More Opportunities”, placed at strategic locations around the Panorama Hotel, can be spotted...
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Working Visit Of YAB Dato’ Sri Najib Tun Razak, Prime Minister Of Malaysia To Davos, Switzerland In Conjunction With The Annual Meeting Of The World Economic Forum (WEF) On 21 - 24 January 2015
June 16, 2015 , by admin2
PUTRAJAYA, Jan 21 (Bernama) — YAB Dato’ Sri Najib Tun Razak, Prime Minister of Malaysia will be leading the Malaysian delegation to the Annual Meeting of the WEF which will be held in Davos, Switzerland from 21 until 24 January 2015.YAB Prime Minister will be accompanied by YABhg. Datin Sri Rosmah Mansor; YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry; YB Senator Dato’ Sri Abdul Wahid Omar, Minister at the Prime Minister’s Department and senior officials from the various Ministries and agencies. The high-level delegation will also include the participation of Malaysia’s corporate leaders. YAB Prime Minister is scheduled to participate in several sessions including a meeting of the ASEAN Regional Business Council (ARBC) themed “Shaping a Bold and Forward Looking Future for ASEAN in the New Global Context” where he is invited to deliver a speech as the special guest. The Prime Minister will also be attending the Informal Gathering of the...
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"Make In India’ Campaign, An Opportunity For Malaysian Firms
June 16, 2015 , by admin2
NEW DELHI, Jan 21 (Bernama) — The ‘Make In India’ campaign which aims to attract more investments to the country offers immense potential for Malaysian firms, especially the construction and infrastructure companies. While the campaign is slanted towards the manufacturing sector, the latter needs a conducive ecosystem to flourish including infrastructure, in which Malaysia is a strong player. “We are not strong in the manufacturing sector, but we can participate in infrastructure development,” Minister of International Trade and Industry Datuk Seri Mustapa Mohamed, who recently concluded a trade and investment mission to India, said. Malaysia is no stranger in India’s infrastructure development. According to the Construction Industry Development Board (CIDB), Malaysian firms have completed infrastructure projects worth US$5.1 billion (RM18.17 billion) in India. Malaysian construction and infrastructure companies have vast opportunities opened up in India’s effort...
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