KUALA LUMPUR: Five new entry point projects (EPPs) that are expected to bring in RM21.68bil in incremental increase gross national income (GNI), are introduced under the second phase of the electrical and electronics (E&E) national key economic area (NKEA), coined as “E&E 2.0”. International Trade and Industry Minister Datuk Seri Mustapa Mohamed said these new opportunities would be positioned to cushion the impact of the expected slowdown in the E&E 1.0 focus sectors. “This focus will move the industry further up the value chain, create more high-income jobs, GNI contribution and attract more foreign direct investments into the country,” he told reporters during the launch of E&E 2.0. The new EPPs are systems for the solar photovoltatic industry; embedded systems industry; electric vehicle component manufacturing; maintenance, repair and overhaul services via component manufacturing in the electric/ electrified railway industry and nanotechnology...

KUALA LUMPUR, April 10 (Bernama) — The Government has received a petition from a domestic producer for the imposition of anti-dumping duties on imports of stranded wire, ropes and cables, the Ministry of International Trade and Industry (MITI) said.

 

“The petitioner alleges that stranded wire, ropes and cables originating in or exported from the People’s Republic of China are being imported into Malaysia at a price much lower than the price in the domestic market of the alleged country.

“The petitioner claims that this is causing material injury to the domestic industry in Malaysia,” MITI said in a statement Tuesday.

The petitioner further claims that imports from the People’s Republic of China have increased in terms of absolute quantity, the ministry said.

As a result, the petitioner suffered from material injuries including profitability, price suppression, reduction in domestic sales volume, loss of market share, negative return on investment, decrease in...

KUALA LUMPUR, April 29 (Bernama) — The Malaysia External Trade Development Corporation (Matrade) expects to generate strong sales and projects at the Offshore Technology Conference (OTC) 2013 in Houston, Texas from May 6-9. Towards this end, it has pre-arranged more than 120 meetings for the 31 Malaysian oil and gas companies, government agencies and associations participating in the annual event. “Houston will not only serve as a launching pad for Malaysian oil and gas companies to expand their businesses in the United States, but also Latin America and Canada,” said Matrade Director of Oil and Gas and Chemical Products, Abu Bakar Koyakutty in a statement here Monday. He also said OTC Houston 2013 will see the participation of 80,000 visitors and 2,500 exhibiting companies from 50 countries. The participation of the Malaysian companies will be coordinated by both Matrade and Malaysia Petroleum Resources Corporation (MPRC). Malaysian exhibitors will be showcasing their...

TAIPING, May 8 (Bernama) — There is room for Malaysian tyre exports to grow, says International Trade and Industry Ministry Secretary-General, Datuk Dr Rebecca Fatima Sta Maria. She said Malaysia’s export of tyre and tyre-related products increased 3.3 per cent to RM807.3 million in 2012, from previously. “In 2012, the total world exports of rubber products amounted to US$148.58 billion (RM 442.4 billion), for which tyres accounted for 62 per cent. “There is room for Malaysian exports to grow as our major destinations include China (30.1 per cent), the United States (19.8 per cent), Germany (4.4 per cent), Japan (3.8 per cent), Thailand (3.0 per cent), Brazil (2.7 per cent), the United Kingdom (2.6 per cent) and Australia (2.5 per cent). “Now that we have an indication of the size of the market, let us focus on technological advances and demand for greener products to grow exports,” she added. Sta Maria was speaking to reporters after officiating the factory...

 

KUALA LUMPUR, May 17 (Bernama) — The International Trade and Industry Ministry (MITI) is committed to this year’s trade and investment forecasts despite global economic uncertainties, Minister Datuk Seri Mustapa Mohamed said Friday. “Our forcasts remain the same as far as 2013 is concern. We have to work harder to achieve the set targets and to ensure growth in this country,” he told a media briefing. He said the ministry would be focusing more to boost trade following a slower growth in the sector over the past two months due to external factors. “We will also step up efforts to enhance the country’s competitive position in terms of ranking to attract more quality investments. “We want to create better employment opportunities which will only come from quality investments,” said Mustapa, who was reappointed to the portfolio in the new cabinet line-up. Malaysia’s trade is projected to grow by four to five per cent this year. Total trade stood at RM1.31...

The 4th Global Entrepreneurship Summit 2013 comes to Kuala Lumpur, 11 – 12 October 2013 and promises to be the global hive of everything entrepreneurship!

 

Visit us at :- www.geskualalumpur2013.org

 

KUALA LUMPUR, May 28 (Bernama) — Car prices will be reduced gradually until 2017, says International Trade and Industry Minister Datuk Seri Mustapa Mohamed. As outlined in the 13th General Election Barisan Nasional Manifesto, Mustapa said the government had promisedto trim car prices between 20 per cent and 30 per cent over five years. “Infact, since October last year, the price of 10 popular models in the country have come down an average 7.3 per cent,” he told reporters after attending the ministry’s monthly gathering, the first after Mustapa was re-appointed to the Cabinet. He said the price reduction was part of the market process as a result of more efficient and competitive players in the automotive industry. Mustapa said the price reduction exercise should be done in an orderly manner so as not to affect the industry’s growth and existing jobs in the automotive and related industries. “As such, we have had discussions with automotive manufacturers and they...

KUALA LUMPUR, May 28 (Bernama) — The government is willing to receive views and proposals from various parties relating to the Trans Pacific Partnership (TPP) before it is finalised at year-end. Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the implementation of the TPP will ensure that the economic interest of the country is protected, more so, for the small medium enterprises sector as well as Bumiputera entrepreneurs. He told reporters this when asked about the TPP developments after a meeting with representatives of chambers of commerce here today. “The process is ongoing and the government is prepared to cooperate with various parties and take general views, and views from the media are also welcomed to implement this agreement, and this kind of cooperation will be increased,” he said. He said Malaysia’s involvement in international trade agreements such as the TPP should be made to ensure that the country’s products are able to...

SINGAPORE, May 28 (Bernama) — The Malaysia External Trade Development Corporation (Matrade) will lead a marketing mission of 32 Fast-Moving Consumer Goods (FMCG) companies to Singapore from tomorrow until Friday. This is considered the largest business delegation to visit Singapore this year with the objective of promoting Malaysia’s various FMCG products. It is also to explore opportunities for collaboration with Singaporean companies in producing FMCG products for other markets. Naim Abdul Rahman, Matrade’s Trade Commissioner in Singapore said: “Among the programmes arranged are a roundtable session with the Singapore Food Manufacturers’ Association. “There will also be one-on-one business meetings and a visit to Singapore’s largest consumer food expo, the Singapore Food Expo 2013.” He said Matrade is working with several business and trade associations in Singapore to maximise the publicity for the incoming delegation. “The Singapore Malay Chamber of...

PETALING JAYA, June 4 (Bernama) — The Malaysian economy is anticipated to achieve a productivity growth of three to four per cent this year. Based on the Productivity Report 2012/2013, this forecast would be supported by the current performance of the various economic sectors. The construction industry was expected to register a productivity growth of 13 per cent and an output growth of 15 per cent this year, supported by oil and gas, transport and utilities sub-sectors, according to the report. Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said Malaysia registered a productivity growth of two per cent last year to a productivity level of RM58,875 from RM57,737 in 2011. He said the increment had revealed that the Government Transformation Programme and Economic Transformation Programme (ETP) has borne fruit in escalating productivity performance of several economic sectors. “This was particularly seen in construction which experienced high...