Miti Blog

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INVESTMENT PERFORMANCE IN THE MANUFACTURING AND MANUFACTURING RELATED SERVICES SECTORS
June 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...
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INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF POLYETHYLENE TEREPHTHALATE ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA AND THE REPUBLIC OF
June 17, 2015 , by admin2
 
INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF POLYETHYLENE TEREPHTHALATE ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA AND THE REPUBLIC OF KOREA On 19 May 2014, the Government of Malaysia has received a petition from a domestic producer requesting imposition of anti-dumping duty on imports of polyethylene terephthalate. The petitioner alleges that imports of polyethylene terephthalate 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 is causing 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 petitioner had suffered material injury, among others, price...
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MITI MINISTER MEETS INDUSTRY PLAYERS IN PERLIS Positioning Perlis as a State of Opportunity
June 17, 2015 , by admin2
26 June 2014, Kuala Lumpur - YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI) led a dialogue session with 16 companies in Perlis, organised by the Malaysian Investment Development Authority (MIDA), today.  YB Minister was accompanied by YBhg. Dato’ Azman Mahmud, Chief Executive Officer of MIDA, and other officials from MITI and MIDA. According to Dato’ Sri Mustapa, “There are many opportunities in Perlis that investors should be made to be aware of. All that we need to do is to position Perlis as a state of opportunity.  The State is mainly driven by the agriculture sector.  Notwithstanding this, it is heartening to note that approved investments in the manufacturing sector for 2013 in Perlis have increased substantially by nine times the figures achieved in the year of 2011, a testimony that this state is becoming an increasingly competitive destination for investments.” “We are actively working with all stakeholders including the...
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Malaysia up 2 notches in World Bank ranking
June 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;...
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Malaysia Eyes RM56 Billion Investments In Manufacturing Sector
June 15, 2015 , by admin2
KUALA LUMPUR, Feb 26 (Bernama) — Malaysia aims to attract investments worth RM56 billion in the manufacturing sector in 2015, a modest target compared with the RM71.9 billion it received last year. Minister of International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the manufacturing sector has remained attractive to investors, with approved investments in the sector surging by 38 per cent to RM71.9 billion in 2014 compared with RM52.1 billion in 2013. For the services sector, excluding real estate, the government expects to attract RM64.5 billion in investments this year, the minister said after revealing the country’s Investment Performance Report 2014 here, Thursday. Despite a challenging external environment this year, Mustapa said he still expects a moderate outlook for the investment climate in Malaysia. He said currently there are RM65.1 billion worth of on-going projects — RM51.4 billion in the manufacturing sector and RM13.7 billion in the...
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Draft of Asean economic plan to be completed mid-year
June 15, 2015 , by admin2
KOTA BARU: Asean senior officials have expressed confidence that the draft of the Post-2015 Economic Vision and Plan will be completed by the middle of the year. International Trade and Industry Deputy Ministry Secretary-General (Trade) Mohd Rizal Sheriff said the draft would spell out a new and bold plan to chart the direction for deeper regional integration for the 2016-2025 period. Speaking to reporters on the sidelines of the Eight Meeting of High-Level Task Force on Asean Economic Integration here yesterday, he said the discussion on the preparation of the draft was progressing well and the commitment from the 10 member countries was very strong. “The meeting has been going on for almost a year now and we are quite optimistic about the next 10 years. “We hope that the final draft document will be ready for internal perusal before it is announced by the leaders in November,” he said. Bernama reported that Mohd Rizal, who chaired the meeting, said although the draft...
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Penang ranks third in investments in 2014, after Johor and Sarawak
June 15, 2015 , by admin2
GEORGE TOWN (Feb 28): Penang moved up one notch to the third spot with the highest number of approved investments in the country last year, after Johor and Sarawak. Penang approved local and foreign investments totalling RM8.2 billion in 2014, a 109% jump from the previous year. Chief Minister Lim Guan Eng said the state approved foreign investments amounting to RM5.1 billion and RM3.04 billion in  domestic investments last year. “In 2013, our total proposed capital investment was RM3.9 billion and we were ranked No. 4,” he told a news conference to announce the investment figures released by the Malaysian Investment Development Authority (Mida) yesterday. “This (2014) is good results, although it is more important that we receive quality investments. “It should not be typical industries but those that can add value, be high-tech and are knowledge intensive,” Lim said. He added that the investments in Penang were widely distributed between local and foreign businesses...
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ASEAN AKAN TERUS KURANGKAN HALANGAN BUKAN TARIF
June 15, 2015 , by admin2
 
mustapa-muhamad
KOTA BHARU: Negara anggota ASEAN akan terus mengurangkan langkah-langkah dan halangan bukan tarif untuk perdagangan yang lebih bebas di dalam pertubuhan serantau itu, kata Menteri Perdagangan Antarabangsa dan Industri, Datuk Seri Mustapa Mohamed hari ini. Bercakap kepada pemberita, Datuk Seri Mustapa menyatakan langkah bukan tarif telah dikenal pasti dan 45 daripadanya telah ditangani.Kami telah membuat keputusan untuk berusaha ke atas langkah dan halangan bukan tarif dan cuba menyelesaikan lebih banyak lagi,ketika di sidang akhbar pada hari terakhir Pemukiman Menteri-Menteri Ekonomi ASEAN (AEM) Ke-21 di sini, hari ini.Menteri ekonomi terbabit juga mencadangkan pembentukan mekanisme untuk menangani langkah bukan tarif bagi memudahkan pergerakan perniagaan di dalam rantau berkenaan.Kami sedang meneliti satu platform rasmi. Kami sedang berbincang dengan Kesatuan Eropah untuk melihat bagaimana kami boleh berkongsi amalan terbaik daripada mereka. Timbalan Setiausaha Agung ASEAN...
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12 projek biomass bernilai RM82.9j
June 12, 2015 , by admin2

Kuala Lumpur: Industri biomass di negara ini dijangka mengalami pertumbuhan rancak tahun ini berikutan peningkatan pelaburan yang menggalakkan pada tahun lalu iaitu dengan 12 projek biomass diluluskan bernilai RM82.9 juta.

Menteri Perdagangan Antarabangsa dan Industri (MITI) Datuk Seri Mustapa Mohamed berkata, daripada jumlah itu, pelaburan domestik mencatatkan sebanyak RM71.1 juta manakala pelaburan asing bernilai RM11.8 juta.

Beliau berkata, pelaburan dalam projek biomass yang diluluskan oleh Lembaga Pembangunan Pelaburan Malaysia (MIDA) itu juga meningkat berbanding 11 projek yang diluluskan pada 2013 dengan nilai RM54.6 juta.

“Potensi dalam industri biomass sangat besar dan kita percaya dengan harga kompetitif yang ditawarkan, ia dapat menarik lebih ramai pelabur, sekali gus merancakkan pertumbuhan industri ini.

“Biomass juga dijangka menyumbang tambahan sebanyak RM30 bilion kepada jumlah keluaran dalam negara kasar (KDNK) terutama penggunaan biomass daripada aktiviti...

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