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DFTZ : eCOMMERCE EXPORTS GAINING MOMENTUM

Date: 04/05/2018

​​Click HERE ​to read full article.​...

Media Release Statement By Dato’ Sri Mustapa Mohamed, Miti Minister On The Signing Of The Comprehensive And Progressive Agreement For Trans-Pacific Partnership (Cptpp)

Date: 04/05/2018

​STATEMENT BY DATO’ SRI MUSTAPA MOHAMED, MITI MINISTER ON THE SIGNING OF THE COMPREHENSIVE AND PROGRESSIVE AGREEMENT FOR TRANS-PACIFIC PARTNERSHIP (CPTPP)

Click HERE ​to read full article. 

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MATRADE Promotes Exports of Industry 4.0-Related Products and Services at Hannover Messe, Germany

Date: 04/05/2018

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Malaysia set to become world's 24th largest economy by 2050

Date: 04/05/2018

Bernama - April 4, 2018, KUALA LUMPUR: Malaysia, a medium-sized economy, is expected to improve its ranking to be the 24th largest in the world by 2050.

PwC Malaysia Managing Partner, Sridharan Nair, said Malaysia, already in the 27th position in terms of gross domestic product (GDP) contribution to the global economy, needed to invest in technology and education to further improve its ranking.

“Malaysia has a reputation for being pro-business and pro-investment,” he told Bernama during the 2018 Asia-Pacific Council of American Chambers of Commerce (APCAC 2018) Business Summit here today.

Malaysia’s economy would be on a steady growth path over the next 20 years, he said, adding that it would still do well despite some short-term ups and downs, as would be expected from a growing and emerging economy.

He said Malaysia has always been a trade- and investment-friendly country with ease of doing business.

However, according to Nair, Malaysia would need to tackle the issue of wage increase in tandem with the higher economic growth of the country in order to be able to effectively benefit the man on the street.
While Vietnam and Indonesia might rank higher in the global economy in terms of their contributions to the GDP due to the size of their population, he said, Malaysia was still doing well for a medium-sized economy.

During his presentation on ‘The Asian Century, but which Asia?’ at the annual summit hosted by the American Malaysian Chamber of Commerce (AMCHAM) Malaysia, Nair said, the Emerging 7 economies (Mexico, Brazil, Turkey, India, Russia, China and Indonesia) were projected to dominate the world’s top 10 economies in 2050.

Southeast Asia, he said, currently captured high value-added US investments.

“Southeast Asia’s strategic geographical location is advantageous to serve as an economic platform for Asia-Pacific and the rest of the world,” he added.

Nair said by 2050, China would be the world’s biggest economy, followed by India with Indonesia the world’s fourth largest economy.

Meanwhile, AMCHAM President, Ramzi Toubassy, said it was clear that despite current trade tensions between China and the United States, Asia was set to dominate the international economy in a matter of years.

“Asia’s share of global GDP is expected to grow from 30 per cent in 2016 to over 50 per cent by 2050.

“As we have said many times, Asia matters to the US and the US matters to Asia – the business and trade relationships are long-standing and incredibly important,” Toubassy said. -- BERNAMA

https://www.nst.com.my/news/nation/2018/04/353173/malaysia-set-become-worlds-24th-largest-economy-2050
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MIHAS 2018 RECORDS STRONG SALES

Date: 03/05/2018

​KUALA LUMPUR, April 27 (Bernama) -- The 15th Malaysia International Halal Showcase (MIHAS) 2018, organised by Malaysia External Trade Development Corporation (MATRADE), yet again proved to be a major catalyst in growing halal trade in Malaysia as well as internationally.

The event, which took place from 4-7 April 2018, was held at the Malaysia International Trade and Exhibition Centre (MITEC). A total of RM1.52 billion sales were recorded compared to RM1.01 billion registered last year.

The sales were from the event’s two main components - exhibition and business matching programme called International Sourcing Programme (INSP). Sales from the exhibition component recorded an increase of 29 per cent to RM914.57 million compared to RM708.82 million in 2017, while the INSP generated sales of RM602.45 million, an increase of 99.5 per cent compared to RM301.99 million in 2017.

The top performing sectors at MIHAS 2018 exhibition were prepared food (RM407.20 million or 44.5% share of total sales), beverages (RM129.3 million or 14.1% share), pharmaceuticals, toiletries & cosmetics (RM108.04 million or 11.8% share), agricultural produce (RM68.53 million or 7.5% share) and machinery & equipment (RM41.58 million or 4.6% share). The iconic event focused on seven key product and services clusters namely food & beverage, pharmaceuticals, cosmetics, finance, tourism, e-Commerce and logistics.

The exhibition has attracted 778 exhibitors from 32 countries, and witnessed first-time participation from Cambodia, Azerbaijan and Uzbekistan. Throughout the 4-day exhibition, MIHAS 2018 received over 21,000 visitors comprising local and international companies, associations, foreign delegation and others.

The INSP, held on 3 April 2018, attracted more than 182 prospective foreign buyers from 39 countries. During the event, a total of 2,094 business meetings were arranged between the international buyers and 428 Malaysian exporters. Among the top countries with the highest export sales for Malaysian companies at the INSP were China (RM310.46 million or 51.5% share of total sales), India (RM75.61 million or 12.6% share), Poland (RM71.34 million or 11.8% share), Thailand (RM21.70 million or 3.6% share) and the United States (RM20.13 million or 3.3% share). 

According to YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry, MIHAS is not just an event, but a platform for the Halal industry, which has now been gaining strong momentum from the past decade. “The organisation of MIHAS is important in driving not only Malaysia’s, but the world’s Halal industry to greater heights. With Malaysia’s conducive Islamic economic landscape, MIHAS has become a marketplace for local and foreign businesses to thrive in the Halal trade and to contribute significantly to the global Halal economy,” he said. 

MIHAS Awards were also featured this year to provide recognition to companies who innovate and inject creativity into their product development. A total of 12 awards were given out during MIHAS Awards 2018, as a form of appreciation for the efforts made by MIHAS’ participants in showcasing their Halal products and services. Among the winners were PS Food & Beverage Sdn Bhd (Gold Award for Most Innovative F&B Product), Phytes Biotek Sdn Bhd (Gold Award for Most Innovative Non-Food & Services), Umrahloka Sdn Bhd (Gold Award for Best Malaysian Booth Design & Presentation) and Takex Co. Ltd (Gold Award for Best International Booth Design & Presentation). Palestine pavilion won the best country pavilion award.

MIHAS 2018 also introduced few series of programmes including seminars and conferences that were held concurrently with the exhibition. Among the programmes were organised in partnership with organisations such as Bioeconomy Corporation, Thomson Reuters, Association of Islamic Banks Institutions Malaysia (AIBIM), Universiti Malaysia Pahang, Majlis Amarah Rakyat (MARA), iHALALMAS and CrescentRating. Some of the key programmes include MATRADE Trade Talk, MyPitch@MIHAS, Symposium on Halal Gelatin Ecosystem, Halal Trade Finance Conference, IMHalal Conference and Halal in Travel Conference.

According to Ir. Dr. Mohd Shahreen Zainooreen Madros, Chief Executive Officer of MATRADE, these programmes are part of MATRADE’s efforts to establish an element of thought leadership for Malaysian companies in regards to all matters related to the global halal economy. “We take a holistic view in regards to MIHAS 2018. It is a platform for not only generating sales but also educating and providing market insights to our companies, especially SMEs,” he added.

This year, five (5) MATRADE’s Trade Commissioners were invited to participate in MATRADE Trade Talk in conjunction with MIHAS 2018, as panellists to share market insights and opportunities in Halal sector of their respective areas of coverage. Trade Commissioners involved were from Dubai, the UAE; Tokyo, Japan; Jakarta, Indonesia; Shanghai, China and Almaty, Kazakhstan.

During the 4-day event, a total of 33 Memorandum of Understanding (MOUs), 120 presentations, 37 product launching events and 6 press conference were organised. Among the MOUs signed during MIHAS were TV Alhijrah with TV Asyl Arna (Kazakhstan) & Korean Halal Institute, Universiti Malaysia Pahang with Amin Bio Group (China) and KPJ Healthcare with Kulin South East Asia. 

MIHAS began in 2004 and continues to grow as the world’s largest halal trade event. It was held under the patronage of Ministry of International Trade and Industry in association with Halal Development Corporation (HDC) and Department of Islamic Development Malaysia (JAKIM). MIHAS is a component of World Halal Week 2018 which was held from March 26 to April 2018. The 16th edition of MIHAS will return next year from 3 to 6 April 2019 at Malaysia International Trade and Exhibition Centre in Kuala Lumpur. 

For more details on MIHAS, visit www.mihas.com.my
-BERNAMA 

http://www.bernama.com/en/news.php?id=1458811

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