Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: 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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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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MALAYSIA E&E OUTLOOK, 2009 – 2010
July 6, 2015 , by admin2
The Malaysian American Electronics Industry (MAEI) expects a turnaround in the global electrical and electronics (E&E) industry by 2010 with demand picking up for personal computers, disc storage systems and mobile phones as widely forecasted by major international research houses. Exports of US electronics manufacturers in Malaysia are to register 15-20% rise in the second quarter of 2009, and another 10% in the third quarter. The increase is driven by the stimulus packages implemented by governments worldwide, especially China. The expected increase in exports in the second quarter is also due to worldwide consolidation activities and inventory correction. Malaysia has also benefited from the global economic crisis as some companies gained from additional activities and increased use of shared services as a result of the consolidation of overseas companies and outsourcing strategies, such as in design and development (D&D), procurement, financial services, IT and human...
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Status of Tariff Reduction under ASEAN Free Trade Area
July 6, 2015 , by admin2
ASEAN-wide: 98.94 per cent of all products have been placed in the Inclusion List (IL) of the CEPT Scheme for AFTA. Of which 97.15 per cent are at 0-5 per cent. Average tariff in 2009 is 1.65 per cent (1.95 per cent in 2008). For ASEAN-6: 99.40 per cent of all their products are in the Inclusion List (IL), of which 99.71 per cent are at duty of 0-5 per cent. Average tariff is 0.79 per cent in 2008 (1.32 per cent in 2007). For CLMV: 98.31 per cent of all their products are in the IL, of which 93.15 per cent are at duty of 0-5 per cent. Average tariff is 3.00 per cent in 2009 (3.69 per cent in 2008).
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THE CANADIAN MARKET FOR AUTO PARTS AND COMPONENTS
July 2, 2015 , by admin2
Higher demand for quality spare parts drives the growth of the automotive after-market rapidly in Canada. The increasing number of vehicles on the road translates into demand for spare parts and offsets the intense competition and market maturity in the automotive after-market. Research also suggests that owners of used vehicles turn to the aftermarket for parts and the prevalent aggressive driving style also leads to faster wearing out of tires and other parts of the vehicles. The automotive industry is Canada’s largest manufacturing sector, accounting for 12 per cent of manufacturing GDP and 24 per cent of manufacturing trade. The recent world economic downturn have impacted on every level of the Canadian automotive value chain, from dealers and extending to every major player in the industry including the Small and medium-sized OEM suppliers. The long term outlook of the Canadian automotive industry is mixed with some good prospects, although recovery of the overall North...
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Online Malaysian Businesses Receive a Boost
July 1, 2015 , by admin2
 
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SME Corporation Malaysia is teaming up with eBay and PayPal to help local small and medium enterprises broaden their markets. What do SMEs already conducting or looking to conduct business online stand to gain? Under the agreement, eBay and PayPal specialists will provide education courses in the form of workshops or phone consultation programmes. For those looking to outsource their online sales channel, there’s also a Trading Assistant Programme which is an end-to-end service provided by eBay. Good deals abound: eBay is waiving insertion fees for the first 100 eBay listings and selected features, while the first 100 payments received via PayPal will enjoy up to a 25% discount. Both eBay and PayPal are also offering dedicated account support to SMEs. This MoU marks a first for a Government body in Malaysia to establish partnership with eBay, the world’s largest online marketplace with over 89 million active users and PayPal, a global leader in online payments. If...
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Malaysia: Towards Global Competitiveness
June 29, 2015 , by admin2
In a rapidly changing world, Malaysia holds its own… With a vibrant economy that is progressing… Through rapid industrialisation and transformation…  
ENJOY THE VIDEO! Read More
Malaysia Automotive Institute
June 26, 2015 , by admin2
  The Malaysia Automotive Institute (MAI) which was launched yesterday, 10 June 2010, will serve as a focal point and coordination centre for the development of the local automotive industry. The institute was established based on the recommendations outlaid in theThird Industrial Master Plan (IMP3) 2006-2020 to assist and further enhance MITI’s support in developing the local industry. It would be a coordination centre for all matters related to automotive industry, including : formulating national automotive policy, managing manpower development programme,  formulating and coordinating automotive related research and development. An independent non-profit organisation under MITI’s custodianship, MAI will have more focused and streamlined activities proposed for it under the 10th Malaysia Plan. MAI will focus on strategic research, with sub-functions covering market intelligence and outreach and capacity building that encompasses technology...
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