Feed on
Posts
Comments

MITI Committed To This Year’s Trade, Investment Forecasts, Says Mustapa

May 20th, 2013 by Syed

mustapa

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 trillion last year from RM1.27 trillion in 2011.

Investment growth in domestic and foreign direct investments (FDIs) are expected to be maintained above 20 per cent this year. It grew 24.8 per cent last year to RM139.5 billion.

On another matter, Mustapa gave an assurance that the promise made by the Barisan Nasional (BN) in its general election manifesto to reduce car prices in stages would be implemented.

“We will study the relevant action programmes to reduce car prices,” he said.

The minister said his ministry had a momentous task to implement various programmes following radical changes in the country’s economic and political landscape which had impacted its functions.

“More attention will also be given to Sabah and Sarawak,” he said.

Mustapa said transparency in his ministry’s administration would be stepped up to improve the people’s trust and confidence in government administration and to respond promptly to issues raised.

Also present at the briefing were newly appointed Deputy Minister of International Trade and Industry Hamim Samuri and ministry secretary-general Datuk Dr Rebecca Fatima Sta Maria.

Tags: , , ,

Posted in Publications, investment | No Comments »

May 13th, 2013 by Syed

1mocc_portal-v2

Pusat Panggilan 1Malaysia (1MOCC) adalah usaha Kerajaan untuk memantapkan penyampaian perkhidmatan dan komunikasi di antara rakyat dengan agensi Kerajaan. Pusat panggilan setempat ini yang beroperasi 24 jam sehari, tujuh hari seminggu untuk menjawab pertanyaan, aduan, cadangan dan maklum balas rakyat melalui panggilan telefon, sistem pesanan ringkas (SMS), faks, emel dan media sosial.

Untuk Maklumat lanjut, sila layari:-

http://www.malaysia.gov.my/

Tags: ,

Posted in Publications, Uncategorized | No Comments »

Room For Malaysian Tyre Exports To Grow, Says Sta Maria

May 9th, 2013 by Syed

img_6611

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 completion ceremony for Toyo Tyre (M) Sdn Bhd, here today.

She said competition for the tyre industry will come from technological advancement, environment-friendly production processes, usage and also the treatment of end-of-life tyres.

“One of the most challenging aspects of the tyre business is the ability to overcome environmental related issues. But I also know that much research is being undertaken to reduce the carbon footprint.

” Even as the industry steps up research and development to improve the eco-friendliness of products, recycling and the management of scrap, must be given attention.

” It is estimated that by 2020, about 20 million units of scraped tyres will be disposed per annum in Malaysia. This poses a threat to the environment as well as an opportunity for business.

“It also calls for both regulators and the industry to work together to come up with approaches that will facilitate the take-back and remanufacture of the end-of-life-tyres,” she added.

Sta Maria said the application of the Advance Tyre Operation Module (ATOM) technology to produce various types of tyres, as well as eco-tyres with low rolling resistance contributing to lower fuel consumption at the new Toyo Tyres facility, should be applauded.

Tags: , , ,

Posted in Exports, Publications, trade | No Comments »

Matrade Expects Strong Sales At Offshore Technology Conference

Apr 30th, 2013 by Syed

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 goods and services, including cathodic protection equipment, offshore logistics services, fabrication services for offshore, offshore supplies vessels, risk and operational software, installation of offshore pipelines and structures, intelligent pigging services, drilling operation as well as fire resistant products for offshore platforms.

This year, the Malaysia Pavilion has been expanded to 422.70 sq m (4,550 sq ft) due to increasing demand from the industry, with Malaysian SMEs occupying almost half the space.

This is the second participation in the OTC for Matrade and some of the participants.

Last year, Malaysian companies generated sales of US$7.2 billion.

Malaysia will be the first Asian country to host OTC Asia in 2014, and Matrade plans to organise individual business matching programmes for foreign buyers, to meet with local companies during the event, said Abu Bakar.

He said Matrade will take the opportunity during the OTC 2013 to invite buyers to Malaysia for the OTC Asia 2014.

– BERNAMA

Tags: , ,

Posted in MATRADE, Publications | No Comments »

Implementation Of AEC Enters Final Stage

Apr 11th, 2013 by Syed

rebecca-sta-maria-miti

BANDAR SERI BEGAWAN, April 10 (Bernama) — The Asean Economic Community (AEC) is in its final stage of implementation with 77.5 per cent of measures under its blueprint having been implemented, said International Trade and Industry Ministry Secretary-General, Datuk Dr Rebecca Sta Maria.

She said a lot had been done and achieved to date.

“All Asean member countries now need to ensure they meet their targets for the next phase of the AEC.

“The 9th Meeting of the AEC Council here today discussed the common ground to ensure AEC targets are achieved by all Asean member countries,” she added, when met after the meeting.

Rebecca represented Malaysia in the meeting which was held on the first day of the Asean Ministerial Meetings at the International Convention Centre (ICC).

The meetings are in preparation for the 22nd Asean Summit to be hosted by Brunei from April 24-25.

The 9th Meeting of the AEC Council was chaired by Brunei’s Foreign Affairs and Trade II Minister, Pehin Datuk Lim Jock Seng.

Meanwhile, a statement by Brunei’s Foreign Affairs and Trade Ministry said the meeting recalled the decision by Asean leaders last year to realise the AEC by 2015 through prioritisation of measures that have the greatest impact on the region, and endorsed the prioritised AEC deliverables for 2013 and 2015.

“On cross-sectoral cooperation, the meeting took note of the progress and discussed ways to address some of the challenges faced in the implementation of the AEC measures under the various sectoral ministerial bodies.

“The meeting also reaffirmed the importance of strengthening collaboration and coordination across the sectors, with all stakeholders at the national and regional levels,” it added.

The statement also said the meeting noted the progress of commitments being made under the various services sectors, including those for air transport and financial services, and took stock of ongoing efforts to further enhance the Asean Framework Agreement on Services (AFAS).

“It also endorsed the schedules of commitments of all the Asean member states for the Movement of Natural People (MNP)Agreement which is expected to facilitate the movement of investors, business people and skilled labour among Asean member states.

“This follows the signing of the Asean Agreement on the MNP on the sidelines of the 21st Asean Summit last year,” it added.

The second day of the meeting tomorrow will witness the Asean Foreign Ministers’ Retreat followed by the 9th Meeting of the Asean Political Security Community (APSC) Council and 12th Meeting of the Asean Coordinating Council (ACC).

The outcome and recommendations from this two-day meeting will be presented to Asean leaders during the Summit.

Posted in Uncategorized | No Comments »

Older Posts »