The petrochemical and chemical industry is the second largest contributor to our total exports. For the period of January to May 2009, exports of petroleum products amounted to RM997.4 million, while imports reached RM381.6 million. For the chemicals and chemical product sub-sector, imports and exports totaled RM12.7 billion and RM12.3 billion respectively. During the first five months of 2009, total investments in petroleum products (including petrochemicals) totalled RM1.1 billion, while that for chemical and chemical products amounted to RM1.5 billion. The pharmaceutical industry, which is mostly dominated by SMEs, saw an increasing demand trend in the domestic market. The pharmaceutical industry productivity in 2008 grew by 11.6 per cent, while sales value expanded by 11 per cent to RM1.4 billion in 2008. This increase is due to demand from the domestic market, arising from better health awareness and ageing population. Manufacturers must continue to expand and upgrade their...Read More
For the first five months of 2009, exports of the wood and wood-based sub-sector, encompasses both wood and paper products, fell 19.3 per cent to RM5.3 billion compared to the corresponding period last year. This was a result of dampened demand from Malaysia’s major export markets, such as the USA and Europe. To streamline and improve the efficiency of the timber sub-sector, the government launched the National Timber Policy (NATIP) on 17 February 2009. Among its objectives, NATIP serves to ensure that the industry continues to enhance its competitiveness in the global marketplace. The Government continues to promote higher value-added downstream activities through the provision of special funding and grants. These support facilities assist Malaysian companies in setting up and expanding infrastructure facilities, R&D, training and streamlining procedures to facilitate increased production. The Malaysian government has also embarked on several initiatives to enhance market...Read More
China’s foreign exchange reserves stood at US$2.13 trillion as at end June 2009, indicating that China’s economy is on track for recovery. Asian Development Bank noted that the rapid growth in China’s foreign exchange reserves was led by the rising trade surplus and by the confidence of overseas investors as they buy up China’s assets. China’s trade surplus in the first half of 2009 was US$96.94 billion. The stock and property markets remained bullish. China’s shares have rallied 70% from the beginning of the year. Property sales surged 53% to reach 1.58 trillion Yuan (US$231.3 million) as investors took advantage of low interest rates. China’s property and equity markets are closely watched by international speculative fund holders. It is believed that the bullish property and equity markets are among the reasons contributing to the surge in China’s foreign exchange reserves.Read More
The metals sub-sector which consists of ferrous and non-ferrous metals is a key component in Malaysia’s manufacturing and construction industry. Taken as a whole, exports of the metals industry in January to May 2009 fell by 26.9 per cent to RM9.2 billion from RM12.6 billion in the first five months of last year. Imports of metals which are critical inputs in our fabrication industry, also declined by 35.3 per cent in the same period. A total of 47 projects were approved in the metal industry with investments valued at RM2.6 billion for the period of January – May 2009. As part of the metals industry, the iron and steel sub-sector provides basic raw materials and intermediate inputs to other sectors such as agriculture, construction and engineering. The Government had introduced measures to help spur production and trade in this sub-sector. Effective 1 August 2009, steel manufacturing licences will be issued without restriction to meet the demand for long and flat steel...Read More
The National Green Technology Policy was announced by YAB Datuk Seri Najib Tun Abdul Razak Prime Minister of Malaysia on 24 July 2009 encompasing economic, environment and social policies. Among the goals of the National Green Technology Policy are to increase the production of local Green Technology products and the expansion of SMEs and SMIs businesses exports of Green Technology to the global market. Developed countries are now keen to engage with companies/organisations which are more environmentally responsible to its stakeholders. Malaysian industries are encouraged to adapt a green environment approach in their businesses, by moving towards low carbon technology. Potential benefits for businesses from adoption of the green policy include: • enhanced local industry’s competitiveness in the global market; and • increased ability to attract foreign investors and growth of exports through enhanced consumer confidence. Consumers have become increasingly conscious not...Read More
A total of 360 manufacturing projects with investments amounting to RM15.9 billion were approved in the first six months of 2009. Foreign investments amounted to RM10.6 billion (66.7%) while domestic investments totaled RM5.2 billion (32.7%). Leading investment areas were chemical and chemical products (RM7.3 billion), basic metal products (RM1.9 billion), E&E products (RM1.8 billion), petroleum products (RM1.1 billion), and fabricated metal products (RM855.4 million). Collectively, these projects represent 82% of the value of total investment approved.Read More
INVESTMENTS IN THE MANUFACTURING AND MANUFACTURING RELATED SERVICES SECTORS IN MALAYSIA (JANUARY - AUGUST 2009)
July 3, 2015 , by admin2
Manufacturing Sector A total of 495 projects were approved with investments totaling RM19.1 billion from January to August 2009. RM12.1 billion (63.3%) were foreign investments and RM7.0 billion (36.7%) domestic investment: - 302 projects were new projects with RM13.7 billion (71.7%) investments and - 193 expansions/diversification projects of RM5.4 billion (28.3%) investments. Main areas of domestic investments: - basic metal products (RM1,695.9 million); - chemicals and chemical products (RM1,178.9 million); - petroleum products including petrochemicals (RM701.6 million); - food manufacturing (RM674.0 million);and - transport equipment (RM661.5 million). Main areas of foreign investments: - chemicals and chemical products (RM6,836.2 million); - electrical and electronics products (RM1,919.3 million); - fabricated metal products (RM657.6 million); - petroleum products including petrochemicals (RM454.9 million); and - plastic products (RM438.2 million). Major sources of...Read More
The ASEAN-India Free Trade Agreement (AIFTA) came into effect on 1 January 2010 for Malaysia and India. It is a remarkable milestone towards a freer market environment, and an important agreement for Malaysia as India is emerging as an important trading partner as well as a market for Malaysian exports. This FTA creates a market of 1.7 billion people with combined GDP of US$2.8 trillion and combined global trade of over US$2 trillion. Under the AIFTA, ASEAN Member States and India have agreed to progressively reduce and eliminate duties on substantial number of products over a period of 3-8 years beginning 1 January 2010. The Philippines, Cambodia, Lao PDR, Myanmar and Viet Nam are given an additional 2-3 years to reduce and eliminate their duties under this FTA. Dato’ Sri Mustapa Mohamed says that Malaysia is committed to eliminate import duties on 6,792 products or tariff lines by 31December 2013, while duties on another 1,266 tariff lines would be eliminated by 31 December...Read More
YAB PM is making an official visit to the Republic of India from today until 23 January 2010. YB Dato’ Sri Mustapa Mohamed, Minister of MITI, is the accompanying Minister for the visit. The visit will be to two major cities namely New Delhi (19-21 January 2010) and Chennai (21-23 January 2010). During the visit to New Delhi, YAB PM will be meeting with H.E. Smt. Pratibha Devisingh Patil, the President of India and H.E. Shri Mohd. Hamid Anshari, the Vice President of India. YAB PM and delegation will be having a bilateral meeting with his counterpart, Hon. Dr. Manmohan Singh, the Prime Minister of India and both leaders are scheduled to witness the signing of several important G2G Memorandum of Understandings and Agreements. On 20 January 2010, YAB PM will be delivering a Keynote Address at the ‘Malaysia-India Business Forum’ in New Delhi that will be jointly organized by the Indian Associated Chamber of Commerce & Industry, Federation of Indian Chambers of Commerce &...Read More
YB Dato’ Sri Mustapa Mohamed arrived in New Delhi on Tuesday to accompany Prime Minister YAB Dato’ Sri Najib Tun Abdul Razak who is on a five-day official visit to India, Asia’s third largest economy. On hand to welcome the Malaysian delegation were various Indian dignitaries, including Minister of State for Railway E. Ahmed and India’s High Commissioner-designate to Malaysia, Vijay Gokhale. The main events in New Delhi will be YAB Prime Minister’s keynote address at the Malaysia-India Business Forum, jointly organised by the Associated Chamber of Commerce, Confederation of Indian Industry and the Federation of Indian Chambers of Commerce and Industry.
Among members of the delegation are Melaka Chief Minister, Datuk Seri Mohd. Ali Rustam, Works Minister, Datuk Shaziman Abu Mansor, Human Resources Minister, Datuk Dr S. Subramaniam. Deputy Minister in Prime Minister’s Department, Datuk SK Devamany.
Dato’ Sri Mustapa Mohamed being greeted by Mr. Randhir...Read More