02-05-2018

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theSun ONWEDNESDAY | MAY 2, 2018

M’sia-Taiwan trade seen growing 10%this year

Gift exhibitors interested in Malaysianmarket TAIPEI: Most of the Taiwanese gift exhibitors met at the Giftionery Taipei 2018 here do not have a presence inMalaysia and have expressed their interest to enter the Malaysianmarket via local distributors, partners or e-commerce. Apart from selling domestically in Taiwan, most of the gift exhibitors also cater mainly to the US, Europe and Japanmarkets. Taiwanese gift suppliers seeMalaysia and its neighbour Singapore to have a high purchasing power and higher standard of living comparedwith countries like Indonesia and the Philippines. Malaysia’s economic growth is also a pull factor for them. “We want to test the (Malaysian) market first... but we’re definitely interested. We have stylish products that would fit Asians, especially in Southeast Asia,” Yu Living planning& strategy director Tina Lai told SunBiz . The influx of foreign direct investments and foreign brands intoMalaysia is also encouraging, as gift suppliers opined that Malaysians have an appetite for new things. Meanwhile, at the seminars on global design trends and retail expansion here, Malaysian speaker Eve Limurged gift suppliers to providemulti-lingual descriptions for their products to appeal to a wider range of audience. Lim is also the founder of lifestyle store Ninth Gallery, which carries Taiwanese lifestyle products at its store in Kuala Lumpur. She spoke on homegrown brands and the distribution strategies for foreign products to Singapore andMalaysia. Malaysian buyers (38 visitors) are the fifth largest buyers by country at Giftionery Taipei 2018, after China (397 visitors), Japan (187 visitors), US (78 visitors) andHong Kong (47 visitors). – by Ee Ann Nee Yinson, THHE ink novationcontract PETALING JAYA: YinsonHoldings Bhd’s associate companyYinsonEnergy SdnBhd (YESB) has entered into a novation agreementwith JXNipponOil &Gas Exploration (Malaysia) Ltd andTHHeavy EngineeringBhd (THHE) for the novation of the leasing for Layang floating production storage and offloading (FPSO) facilities. Pursuant to the novation documents, YESBwill assume THHE’s right and obligations under the charter contract. It is a firmcharter period of eight years with 10 extensionperiods of one year each. The estimated aggregate value of the charter contract, assuming all extension options are exercised, isUS$860million (RM3.37 billion). Yinson targets to complete the novation by endMay 2018 and the FPSO is expected to commence operations at the Layang field in 2019. However, it noted that borrowings undertaken in connectionwith the novationwill increase its gearing for the financial year ending Jan 31, 2019. For THHE, it will receive novation proceeds of RM374million, whichwill be used for repayment to creditors and working capital. and Taiwan,” saidMIDF. With only one-trading day left, it said April is set to be the first month of inflows since January 2018 as themonth-to-date figure shows an inflowof RM1.26 billion net. This brings the year-to-date inflowRM3.46 million net. Foreign participation remained robust as the average daily trade value (ADTV) stood above the RM1 billion level for the 16th week this year. The retail market meanwhile took a hit as its ADTV reached the lowest in 10weeks at RM772.8million.

BY EE ANNNEE sunbiz@thesundaily.com PETALING JAYA: Trade between Malaysia and Taiwan is expected to grow 10% this year, fromUS$17.5 billion (RM78.39 billion) in 2017, to be driven mainly by the ICT industry, which is also Taiwan’s featured industry. In 2017, trade between the two countries grew 24.3%, comparedwith 2016. Taipei Economic and Cultural Office in Malaysia representative James Chang Chi-ping ( pix ) said through all kinds of integrating opportunities such as Taiwan Excellence events and the annual Taiwan Expo, it hopes to introduce some of the greatest Taiwan companies to the Malaysianmarket. “Comparing to last year’s Taiwan Excellence, we see a growth in Taiwanese exhibitors participation by 50%. Through the platform (Taiwan Excellence) provided, we hope to engage both Malaysian and Taiwanese to explore collaboration opportunities to exchange techniques,” he told SunBiz in an email interview. In 2017, Malaysia’s exports to Taiwan grew 11.3%year-on-year to RM23.63 billion, of which Taiwan is ranked 14th amongMalaysia’s export countries. Malaysia’s imports fromTaiwan grew 30.9% to RM54.75 billion, and Taiwan is the country’s fifth largest importer. Malaysia was the seventh largest trading partner to Taiwan in 2017. “From the trade statistics, trade between the two countries is getting higher and higher and growing steadily every year, which is really a good sign for the current and further investments,” > Increasewill bemainly drivenby ICT industry and international economic expos

said Chang. He said regardless of the outcome of the general election, theMalaysianmarket is well equipped for Taiwanese investors and companies. It is the diversity of population that makesMalaysia (market) so unique, as the people embrace new and different ideas. On the US-China trade war and its impact on Taiwanese businesses, Chang said in today’s global economy, all businesses will be impacted by trade policies of major countries. However, Taiwan’s NewSouthbound Policy seeks to focus on Aseanmarkets andMalaysia is one of the key countries under the New Southbound Policy. Taiwan External Trade Development Council (Taitra) had in April 2017 established a TaiwanHalal Centre to help Taiwanese businesses enter halal markets inNewSouthbound Policy countries, includingMalaysia. To date, over 800 Taiwanese products have been certified halal by theMalaysian Islamic Development Department (Jakim). In Taiwan, over 145 hotels and restaurant are certified halal by Jakim. Taiwan Excellence provides a platform for Taiwanese businesses to be promoted worldwide as a representation of Taiwan’s innovation and creativity. It also offersMalaysians to get first-hand experience on Taiwan’s products; and for Malaysian entrepreneurs to explore business and trading opportunities with Taiwan. Taiwan Excellence 2018, whichwill be heldMay 4-6 at the Pavilion Kuala Lumpur, will bring in products that interest Malaysians themost, based on last year’s feedback. This year’s Taiwan Excellence displaywill cover four main categories of products, which are ICT and gaming, home living, beauty, and sports. Established in 1993, the Taiwan Excellence Awards is a yearly award given out by Taiwan’sMinistry of

Economic Affairs and Taitra to encourage industries in Taiwan to upgrade and incorporate innovation and value into their products. Each year, eligible candidates are required to undergo a rigorous and stringent selection system that covers four major aspects – research &development, design, quality, and marketing, to identify outstanding products that offer innovative value. All products bearing the symbol of TaiwanExcellence serve as examples of the country’s domestic industries. The mark of TaiwanExcellence have come to symbolise the innovative values of Taiwanese products and is renowned worldwide for their excellence and quality.

Taiwangifts sector banks ondesign, creativity TAIPEI: Taiwan’s gift and souvenir items are banking on design and creativity, not price, to beat competition, said Taiwan External Trade Development Council Taipei 2018 recently. Giftionery Taipei is Taiwan’s largest gift fair, and this year marked its 72nd edition, with the theme “Creativity inspires all”. He said in recent years, gifts have price,” said Chan, adding that most of the gift production facilities in Taiwan have alsomoved to China (mostly centred in Guangdong) or Southeast Asia.

(Taitra) senior project manager of exhibition department David Chan. He said about 20-30 years ago, Taiwan’s gift industrywas at its peak and even the local exhibition hall could not accommodate all the gift exhibitors due to the high demand and lack of space. However following a change over the years, the novelty of gifts has died down and has become somewhat quiet now. “So gift is nomore highly popular now but we still have Taiwan’s own design and creativity, which is what we take pride in. Althoughwe don’t have booming sales but we still have creativity andmany good ideas,” Chan told SunBiz at the Giftionery

Each year, Taitra holds more than 30 international trade shows. These events attract 10,000 exhibitors, both domestic and foreign, and 80,000 foreign buyers. These shows have assisted Taiwan business to enhance global trading ties and promoted the development of the trade show industry. Among Taitra’s largest exhibition in Taiwan is the Taipei International Machine Tool Show, followed by Computex Taipei, Taipei Cycle and Taipei AMPA (automobile parts & accessories) and Food Taipei. These top five trade shows have at least 1,000 exhibitors and above. – by Ee Ann Nee stable crude oil prices. Global investors returned strongly to Malaysia on Friday, snapping up RM277.3 million net while the FBMKLCI was back above 1,860 points after two days remaining below that level. “Among the four Asean exchanges we track, Malaysia was the only beneficiary of inflows that day. We opine that investors took cue from the positive vibes of the meeting between the two Koreas which also attracted the comeback of foreign funds intoNorth Asia, namely South Korea

becomemore cultural and creative-centric, which is also linked to Taiwan’s culture, where Taiwanese are fond of new things. “Gift has evolved until now, means it still has its meaning and value. It’s an old industry and Taiwan has its own creativity. We have to preserve Taiwan’s gift industry, we cannot let it fade away just like that,” said Chan. He explained that as China has replaced Taiwan’s gift industry due to cheaper costs, Taiwan has to rely on design and creativity to flourish. “We cannot compete with China. It’s not possible because they always have low

ForeignbuyingonBursaMalaysiawanes PETALING JAYA: The net amount acquired by foreign investors last week amounted to RM24.6million net, the second lowest weekly inflow so far this year. “Foreign inflows into stocks listed on panic conqueredmarkets on Tuesday fueled byworries of increasing US Treasury yields could prompt more outflows fromemergingmarkets. As a consequence, global funds withdrew

RM191.4million net of equities on Tuesday, the highest sinceMarch 28. The FBMKLCI followed suit to decline themost in two weeks by 0.80%on the same day. Although concerns on rising US Treasury yields continue to linger, attrition on Bursa gradually receded thereafter until RM9.2 million net on Thursday, buoyed by

Bursa took a breather last week but marked its fourthweek of inflows, the longest streak since the week endedDec 29, 2017 to Feb 2, 2018,”MIDF Research said in its fund flow report. It said it was amodest start to the week as foreign investors bought RM35.9million net of local equities onMonday. However,

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