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Tag Archives: Miti Report

Cheaper cars but no plans to cut excise duty
June 19, 2015 , by admin2
THE government has no plans to abolish the excise duty on cars as a mechanism to reduce car prices. Instead, it will look into other approaches such as a shift from importing completely built-up units (CBU) to completely knocked down (CKD) vehicles, which are locally assembled. Deputy International Trade and Industry Minister Datuk Hamim Samuri said the government would fulfil its promise of reducing car prices by between 20 and 30 per cent in the next five years. However, he said abolishing the excise duty was not a solution as it would not necessarily ensure a reduction in car prices. “Car prices are determined by manufacturers and assemblers based on market factors like the price of component parts, foreign exchange rate, transport costs and insurance. “Abolishing the excise duty would also result in a loss of RM7 billion in tax revenue annually. This would limit the government’s ability to meet the basic needs of the people,” he said in response to a question from... Read More
Miti starts anti-dumping probe on FCB products from Thailand
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...
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Grab Opportunities In Iraq, Matrade Urges Local Firms
June 19, 2015 , by admin2
KUALA LUMPUR, July 2 (Bernama) — The Malaysia External Trade Development Corporation (Matrade) has urged Malaysian companies to look into the vast opportunities in Iraq, saying the country is settling down from political and social unrest. Matrade Senior Director Exporters Development Division, Datuk Dzulkifli Mahmud, said Iraq is the largest market in the Middle East and offers business opportunities in construction, infrastructure and energy, sectors in which Iraqi businessmen have invited Malaysian partners. “Ho Hup Construction Co Bhd is one of the Malaysian companies that has a project planned with Al Zuhour and Karbalo in Iraq for water treatment and road projects,” he said. He was speaking to reporters on the sidelines of a seminar on managing political and legal risks in construction, infrastructure and the energy markets of the Gulf Cooperation Council (GCC) countries and Iraq. Meanwhile, Trowels and Hamlins regional manager Nick White attributed Malaysian...
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NI Malaysia to grow SME biz
June 19, 2015 , by admin2
PETALING JAYA (July 3, 2013): NI Malaysia Sdn Bhd, a producer of automated test equipment and virtual instrumentation software, aims to derive up to 45% of its business from small and medium enterprises (SMEs) in the next five years, from 30% currently. This is on the back of initiatives such as the soon-to-be launched National Instruments Academy and Innovation Nucleus (NI-AIN) laboratory and its work with universities here. NI Malaysia is part of National Instruments Corp, a Nasdaq listed group headquartered in Austin, Texas. The NI-AIN laboratory aims to provide SMEs which are generally cash strapped with access to laboratory facilities for their testing needs. The laboratory will be set up in collaboration with Technology Park Malaysia Corp and SME Corp. National Instruments managing director of Southeast Asia Chandran Nair told SunBiz in an interview recently that the company expects to have 30 or 40 proofs of concept a year through the NI-AIN laboratory project. “If...
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Jepun dipelawa labur dalam teknologi hijau
June 19, 2015 , by admin2
 
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TOKYO 2 Julai - Malaysia mempelawa syarikat-syarikat Jepun untuk melabur dalam sektor teknologi hijau di negara ini ekoran penyediaan insentif kerajaan kepada pihak yang terlibat. Menteri Perdagangan Antarabangsa dan Industri, Datuk Seri Mustapa Mohamed berkata, Malaysia masih baharu dalam sektor berkenaan berbanding Jepun, Amerika Syarikat (AS) dan Eropah yang telah lama terbabit dalam industri tersebut. ”Kita mempelawa syarikat-syarikat Jepun untuk melabur dalam bidang teknologi hijau ini kerana banyak peluang pelaburan menerusinya. ”Malah, kita turut menyediakan insentif kepada syarikat-syarikat yang berminat dalam bidang tersebut,” katanya di sini hari ini. Beliau berkata demikian semasa menjawab satu soalan yang diajukan oleh peserta Seminar Peluang Perniagaan di Malaysia di sini. Seminar bersempena misi perdagangan Malaysia ke Jepun itu mendapat sambutan hangat apabila disertai kira-kira 1,000 peserta yang terdiri daripada ahli-ahli perniagaan Jepun. Ketika...
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Local Companies Should Utilise Digital Technology To Sell More
June 19, 2015 , by admin2
KUALA LUMPUR, July 3 (Bernama) — Local companies are encouraged to explore and expand their knowledge in digital technology to boost the sales of their products locally as well as overseas. Senior director of strategic planning division, Malaysia External Trade Development Corp (Matrade), Susila Devi, said mobile devices had become critical parts of the marketing mix as they offered unparalleled means to connect with consumers. “This will help boost participation and offer a greater level of interactivity on top of other less-interactive traditional media. “In exports, things are getting competitive and we can no longer keep doing them the old ways. The speed of technology is so fast and so dynamic nowadays,” she told Bernama here Wednesday. Although Malaysia continued to be counted among the top 25 trading nations in the world, it did not mean that it could rest on its laurels and expected things as before, she said. Susila said this at the 9th Malaysian Media...
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Next Round Of EU-Malaysia FTA Talks To Resume In Q4, Says Envoy
June 19, 2015 , by admin2
SINGAPORE, June 3 (Bernama) — The next round of negotiations on the EU-Malaysia Free Trade Agreement (FTA) is expected to resume in the fourth quarter, says Ambassador & Head of Delegation of the European Union to Malaysia, Luc Vandebon. He said both sides are working to resume the process as soon as possible. “Recently an informal video conference was held between my colleagues in Brussels and the Ministry of International Trade & Industry where both sides reaffirmed their interest to further discuss and negotiate on the proposed FTA. “After such a long break, the EU and Malaysia need to compare notes and take stock on the various issues, to verify if we are in sight of each other. If this “stock taking” process goes well, as I think and hope, then we will be in a position to resume the negotiations, maybe in autumn,” he said in response to Bernama in an email interview. The Technical Working Groups of the negotiating teams met in Kuala Lumpur last...
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TPP Talks To Conclude This Year, Says US Envoy
June 19, 2015 , by admin2
KUALA LUMPUR, July 3 (Bernama) — Negotiations on the Trans-Pacific Partnership (TPP) are targeted to conclude this year, said US ambassador Paul W. Jones. The outgoing US ambassador, who is celebrating his last Fourth of July American Independence Day reception Wednesday night, said subsequent rounds on the TPP negotiations are expected after the 18th round of the TPP negotiations in Kota Kinabalu from July 15 to 25. “Progress on the TPP negotiations will also be assessed during the Asia-Pacific Economic Cooperation (APEC) leaders meeting in October in Bali this year,” he said at a press conference in conjunction with the US Embassy’s Fourth of July reception. On the impact of the TPP on the prices of drugs and medicines, he said there is a need to strike a balance between keeping prices affordable and giving incentives for investment in research and development (R&D). “The US is a big supporter of generic drugs, they are a major part of our medicine market,” he...
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Include CSR Programmes In GLCs’ KPI, Says MITI
June 19, 2015 , by admin2
KUALA LUMPUR, July 4 (Bernama) — The International Trade and Industry Ministry (MITI) will propose the inclusion of corporate social reponsibility programmes in government-linked companies’ key performance indicators. “What the GLCs get is from the government, so they have a responsibility to to give back to the government (people). “The most successful GLC is FELDA, which was set up for the FELDA settlers. As part of their CSR programme, they set up the FELDA Mara Junior Science College in Perak, for the children of FELDA settlers,” Deputy Minister Datuk Hamim Samuri said after launching the GLC Explorace 2013 in the capital. Hamim said GLCs should play a role in helping Bumiputera vendor companies explore new markets. “This GLC Explorace is an example of a vendor development programme under MITI, and is jointly organised with TM Bhd as a platform to bring together GLCs, financial institutions and Bumiputera vendor companies to explore the opportunities...
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SME Bank aims to increase market share by 2015
June 19, 2015 , by admin2
KUALA LUMPUR: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) aims to increase its market share to between 6% and 7% based on total SME financing by 2015. Managing director Datuk Mohd Radzif Mohd Yunus said the bank, which enjoyed a market share of 4%, was in the midst of studying underserved markets to achieve the target. “We have to ascertain the underserved and the unserved markets. Once we are clear on that, then probably we know where our target of trajectory growth is,” he told reporters after unveiling the bank’s new brand identity. The event was launched by Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah. Previously known as Bank Perusahaan Kecil dan Sederhana Malaysia, the bank’s new logo is in line with its new name, Small and Medium Enterprise Development Bank Malaysia, which took effect last month.  
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