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1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Minister with the Rakyat (People)
22 March 2018MITI Minister with Cyberjaya College students in conjunction with Innovation and Productivity Race
23 March 2018MITI Minister with Jeli Community College student and staff.
24 March 2018MITI Minister at the launching of Darul Falah tution classes
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source: Department of Statistics, Malaysia
CONSUMER PRICE INDEX (CPI), FEBRUARI 2018
2.7% 1.4%Jan 2018 / Jan 2017 Feb 2018 / Feb 2017
Percentage Change by 12 Main Groups
Food & Non-Alcoholic Beverages
3.0%(Jan 2018: 3.8%)
Clothing & Footwear
-0.7%(Jan 2018: -0.3%)
Recreation Services & Culture
0.4%(Jan 2018: 0.5%)
Furnishing, Household Equipment & Routine Household Maintenance
2.1%(Jan 2018: 2.6%)
Transport
-0.3%(Jan 2018: 5.7%)
Restaurants & Hotels
1.8%(Jan 2018: 2.4%)
Alcoholic Beverages & Tobacco
0.1%(Jan 2018: 0.2%)
Housing, Water, Electricity, Gas & Other Fuel
2.0%(Jan 2018: 2.2%)
Health
2.1%(Jan 2018: 2.3%)
Communication
-0.5%(Jan 2018: -0.6%)
Education
1.1%(Jan 2018: 1.2%)
Miscellaneous Goods & Services
0.4%(Jan 2018: 0.9%)
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
ICT Use and Access by Individuals and Households Survey Report, 2017
Source: Department of Statistics, Malaysia
Main Activities of Internet
Use
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
38.8 23.0 22.8 10.1 6.4
Malaysia as the Largest Exporter of Cases for wrist-watches, pocket-watches and other
watches 2016
International Report
Exports in US$ million
Note : Refers to HS911180Source:http://www.trademap.org/Index.aspx
30.3
Japan
6.8
1.2
Singapore
China
Malaysia Singapore China Hong Kong Japan
Malaysia's Top Three
Export Destinations
(US$ million)
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
0
20
40
60
80
100
120
140
160
180
0
50
100
150
200
250
300
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
0
1,000
2,000
3,000
4,000
5,000
6,000
0
5,000
10,000
15,000
20,000
25,00031
Dec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
500
1,000
1,500
2,000
2,500
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
700
800
900
1,000
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
0
50
100
150
200
250
300
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
35031
Dec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
140
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
18
0.00
0.10
0.20
0.30
0.40
0.50
0.60
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
0
5
10
15
20
25
30
35
40
45
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
50
100
150
200
250
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
70
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
0
50
100
150
200
250
300
350
31 D
ec
7 Ja
n
14 J
an
21 J
an
28 J
an
4 Fe
b
11 F
eb
18 F
eb
25 F
eb
4 M
ar
11 M
ar
18 m
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - February 2018
US Dollar
Canadian Dollar
New Zealand Dollar
Swiss Franc
Saudi Riyal
Myanmar Kyat
4.4596
3.9123
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
USD 1 = RM
3.3755
3.1719
3.4288
3.1112
2.90
3.00
3.10
3.20
3.30
3.40
3.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
CAD 1 = RM
3.17353.2126
2.8414
2.8567
2.60
2.70
2.80
2.90
3.00
3.10
3.20
3.30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
NZD 1 = RM
4.4209
4.4697
4.1861
3.90
4.00
4.10
4.20
4.30
4.40
4.50
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018RM
CHF 1 = RM
118.9006
104.3196
95.0
100.0
105.0
110.0
115.0
120.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
SAR 100 = RM
0.3296
0.2945
0.270
0.280
0.290
0.300
0.310
0.320
0.330
0.340
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
RM
MMK 100 = RM
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
Commodity PricesCRUDE PETROLEUM (BRENT)
-per bbl-23 Mar 2018 : US$70.5, 6.4%*Average Pricei : 2017: US$55.0 2016: US$45.3
CRUDE PALM OIL-per MT-
23 Mar 2018 : US$676.0, 0.4%*Average Pricei : 2017: US$719.7 2016: US$702.2
RUBBER SMR 20-per MT-
23 Mar 2018 : US$1,361.5, 6.9%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-23 Mar 2018 : US$63.0, 0.6%Average Pricei : 2017: US$57.2 2016: US$45.6
COCOA SMC 2-per MT-
23 Mar 2018 : US$1,699.5, 1.2%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS-per MT-
16 Mar 2018 : US$410.0 (high), unchanged US$395.0 (low), 1.3%Average Pricei : 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest 26 Jan 2018 : US$70.5 29 Dec 2017 : US$66.9
Lowest
9 Feb 2018 : US$62.8
23 June 2017 : US$45.5
Crude Petroleum
(Brent)-per bbl-
Highest 9 Mar 2018 : US$691.5 20 Jan 2017 : US$843.0
Lowest
30 June 2017 : US$650.0 23 Feb 2018 : US$653.5
Crude Palm Oil -per MT-
Domestic Prices16 Mar 2018
Steel Bars(per MT)
RM2,600 – RM2,750
Billets(per MT)
RM2,300 – RM2,400
SUGAR -per lbs-23 Mar 2018 : US¢ 12.6, 0.6%*Average Pricei : 2017: US¢15.8 2016: US¢18.2
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
675.6
687.5
678.0
666.0
671.0
656.5
675.6
653.5
673.5
691.5
673.5676.0
630
640
650
660
670
680
690
700
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/mt
Crude Palm Oil
1,301.8
1,334.8
1,384.51,367.7
1,401.6
1,371.11,386.6
1,536.3
1,532.2
1,673.3
1,720.21,699.5
1,200
1,300
1,400
1,500
1,600
1,700
1,800
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/mt
Cocoa
15.1
14.2
13.313.4
13.6 13.6
13.313.5 13.4
12.812.7 12.6
11.0
11.5
12.0
12.5
13.0
13.5
14.0
14.5
15.0
15.5
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US¢
/lbs
Sugar
1,456.0
1,523.51,536.5
1,547.0
1,497.0
1,437.51,448.5
1,469.0
1,487.5
1,453.01,463.0
1,361.5
1,300
1,350
1,400
1,450
1,500
1,550
1,600
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/mt
Rubber SMR 20
6,90
0 7,08
8
7,11
3 7,28
1
6,91
7
6,85
1
6,73
0
6,33
7
6,08
5
5,96
5
4,51
6
3,98
4
4,36
6 4,60
5
4,17
0 4,47
4
4,46
3
3,97
4
2,95
0
3,47
6
4,11
4
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017
USD
/ to
nne
Black Pepper
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
65.2
64.4
64.6 64.6
64.8
64.6
64.3 64.3
63.8 63.8
63.4
63.0
61.5
62.0
62.5
63.0
63.5
64.0
64.5
65.0
65.5
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/t
Coal
1,79
1 1,86
1 1,90
1
1,92
1
1,91
3
1,88
5
1,90
3
2,03
0 2,09
6 2,13
1
2,09
7
2,08
0
2,21
0
2,18
2
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
US$/
tonn
e
Aluminium5,
755 5,
941
5,82
5
5,68
4
5,60
0 5,72
0 5,98
5
6,48
6
6,57
7 6,80
8
6,82
7
6,83
4 7,06
6
7,00
7
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
US$/
tonn
e
Copper
9,97
1 10,6
43
10,2
05
9,60
9
9,15
5
8,93
2 9,49
1
10,8
90
11,2
16
11,3
36 11
,972
11,4
95
12,8
65 13
,596
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
US$/
tonn
e
Nickel
61.4
64.363.4
66.165.5
59.2
61.7
63.6
61.362.0 62.3
65.9
67.6
69.9
68.6
70.5
68.6
62.8
64.8
67.3
64.4
65.566.2
70.5
52
54
56
58
60
62
64
66
68
70
72
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/bbl
Crude Petroleum
CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
969.0
940.0
1,014.01,020.0
1,000.0
972.0
1,008.0
994.0
971.0
952.0 954.0960.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
1,020.0
1,040.0
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/oz
Platinum
390.0 390.0
420.0 420.0
400.0
390.0 390.0 390.0 390.0
395.0
410.0 410.0
380.0 380.0
400.0 400.0
380.0
370.0 370.0 370.0 370.0
385.0
400.0
395.0
340
350
360
370
380
390
400
410
420
430
29 Dec 5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar
US$
/mt
Scrap Iron
ScrapIron/MT(High)ScrapIron/MT(Low)
80.41
89.44
87.65
70.22
62.43
57.48
67.74
76.07
71.53
61.66 64.24
72.25 76
.34
77.46
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2017 2018
US$
/dm
tu
Iron Ore
17.3
17.117.1
17.4
17.0
16.4
16.8
16.616.6
16.516.5
16.7
15.8
16.0
16.2
16.4
16.6
16.8
17.0
17.2
17.4
17.6
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/oz
Silver
42.4
42.7
42.9
43.5
42.8
42.3
43.5
42.7
42.5 42.5
42.1
43.3
41.0
41.5
42.0
42.5
43.0
43.5
44.0
5Jan 12Jan 19Jan 26Jan 2 Feb 9 Feb 16 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar
US$
/oz
Gold
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMESMPC Showcase on Innovation for Productivity, 22 March 2018
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MITI PROGRAMMEMITI PROGRAMMESKarnival Jelajah Usahawan, 23-25 Mac 2018
14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
NAT
IONAL
BLU
E O
CEA
N S
TRAT
EGY
Malaysia is making a blue ocean shift in its national development as it strives to become an advanced nation by 2020. To achieve this, the government has adopted blue ocean shift process.
Major ideas of Blue Ocean Strategy:• focuses on differentiation & low cost to open up new market space;• creates new demands by converting non-customers into customers; and• offers process and visual tools that are systematic and replicable to ensure
designing and implementation of strategies which are much more effective.
National Blue Ocean Shift (NBOS) is formulated and executed through the NBOS Summit, a unique and dynamic national strategy platform which brings together ministries, agencies, all levels of government and the private sector on a voluntary basis. The Summit, which was launched in 2009, breaks down bureaucratic silos through fair process, and is driven by the creation of new ideas.
To date, 118 NBOS initiatives have been successfully implemented to tackle a wide range of economic and social issues.
The implementation of NBOS work culture will lead to new, creative & innovative ideas. It emphasizes collaboration among government agencies, the private sector and NGO's with the objective of delivering services and projects that are of high impact, low cost with rapid execution & on a sustainable basis.
The design and selection of NBOS initiatives are based on two key principles:• delivering high income through economic growth and integrated development;
and• enhancing the level of public well-being through greater security as well as
social inclusion to close the social distance between various groups in society (for example, rural vs. urban, young vs. old, men vs women, etc..)
The government used blue ocean tools and frameworks in the Eleventh Malaysia Plan to formulate high-impact, low-cost national strategies that can be rapidly executed.
Source: Reprinted from https://www.blueoceanstrategy.com/malaysia-nbos/ and http://www.nbos.gov.my/posts/national-blue-ocean-strategy-(nbos)
MALAYSIA’S NATIONAL BLUE OCEAN SHIFT
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NAT
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BLU
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N S
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EGY
The National Blue Ocean Shift (NBOS) Mesra Rakyat Fiesta is a programme held with the following objectives:
• to introduce NBOS ideas being implemented by the Government to the Rakyat;
• to showcase the success and effectiveness of these NBOS programmes;
• to provide opportunities for the Rakyat to participate in the NBOS programmes;
• to bring government services to the Rakyat especially those in rural areas and suburbs;
NBOS FIESTA IN SEGAMAT
• to provide opportunity to the Rakyat to have a direct engagement with the National leaders; and• to launch new NBOS initiatives.
The latest NBOS Fiesta was held in Jementah, Segamat on 17 -18 March 2018 and was officiated by YB. Datuk Seri S. Subramaniam, Minister of Health Malaysia. A total of 80 ministries and agencies were involved in the Fiesta to provide various services. Approximately 53,000 service transactions were recorded during the Fiesta.
Among the the programmes and services include:• CSR programme with eight (8) schools in Jementah;• Introduction of NBOS initiatives such as Coding@
Schools, Strategic Linkages, Mobile CTC, Actyvate, iM4U Zon Selatan an dthe launching of BookDoc;
• healthcare services;• PDRM services (offered discounts up to 50% on traffic
compounds);• career fair and job interviews;• education fair for SPM leavers;• e-commerce entrepreneurship programme;• FAMA booth (offered fresh produces at remarkably
reduced prices, including auctions of chicken and fish);• free spectacles, free motorcycle services and exchange of helmets; and• exhibition and services booth by various government agencies.
MITI, SME Corp Malaysia and Malaysia Industrial Development Finance Berhad (MIDF) participated in the Fiesta and provided the following advisory services:
• capacity building opportunities, market access and entrepreneurship training programmes for SMEs;
• access to financing for SMEs (including start-ups) and non-SMEs; and
• internship training and job opportunities in the automotive sector.
MIDF also donated 10 units of bicycles i.e. seven units for lucky draw and three units were distributed to children from poor families identified by Pejabat Daerah Segamat and Penghulu Mukim Segamat.
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Source: http://www.miti.gov.my/index.php/glossary
of Technical TermsCurrent AccountMeasures net provision of real resources namely goods, services, primary and secondary income to or from the rest of the world.
Current Account BalanceThe current account balance is made up of four separate balances: Balance of trade in goods; Balance of trade in services; Net investment income from external assets; and Transfers.
Current Account DeficitsA situation where the amount of money going out of a country is more than the amount coming in. This leads to a net outflow of money from a country’s circular flow. In the case of a current account deficit, a nation needs to operate an off-setting surplus on the capital account of their balance of Payments and this can be done in several ways including:• attracting inflows of direct and portfolio investment from overseas;• attracting short term banking flows into their economy (so called hot money);• attracting other flows including some remittances from migrant workers located overseas; and• short term borrowing/financial assistance from the World Bank and IMF.
Current Account SurplusIndicates that an economy is exporting a greater value of goods and services than it is importing. A country with a current account surplus will have a deficit on the financial/capital account.
DBCDocumentary Bills for Collection - is a service provided by banks whereby the exporter having shipped the goods, delivers the documents to his bank (Remitting Bank) with instructions to have the documents presented to the importer through a Collecting Bank in the country of the importer.
DDADoha Development Agenda, sometimes Doha Round. Unofficial name of the Doha Work Programme on negotiations and implementation.
De minimisMinimal amounts of domestic support that are allowed even though they distort trade — up to 5% of the value of production for developed countries, 10% for developing.
De MinimisA measure which allows the usage of the non-originating materials to be used in the production of the originating good.
Debt Service RatioIn conformity with the definition used by Central Bank of Malaysia and Treasury, debt service ratio is the amount of principal repayments (excluding prepayments) and interest payments
Decoupled Income SupportSubsidies/support provide to farmers that is not linked to (is decoupled from) prices or production.
DETDifferential Export Taxes - The differential export tax (DET) is the difference of the export tax on raw materials and the finished product.
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of Technical Terms
Announcement
Withholding TaxFor more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2
Industry 4.0For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40
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Did you know that Malaysia has the capability to produce aerospace engine parts. Making Malaysia the Aerospace Hub in SEA by 2030.
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