MTCC ISSUE 2/2023 DIGITAL NEWSLETTER ANNUAL GENERAL MEETING NO. 1/2023 CONTENTS Deputy Chairman's message New Members: Ascott International Management (Thailand) Ltd. Nirvana Memorial Park Panus Assembly Co., Ltd. QR Technologies Co., Ltd. Member's Profile: Tricor (Thailand) Ltd. Tilleke & Gibbins Tyson International APAC Ltd. MTCC Activities CSR Activities Other Activities 【独家】从负债3千万到翻身 大马人去 泰国创15亿市值企业! Thailand’s largest auto parts company Aapico to invest RM140 million to produce components together with PROTON Switch to Sustainable Transportation with Gentari Economic Review Health Article : Innovative Treatment for Pediatric cancer in Thailand Thailand and Malaysia Event Calendar 3 4 5 6 7 8 15 16 17 19 21 22 28 30 On 28 March 2023, MTCC held its Annual General Meeting No. 1/2023 (AGM) at the Le Méridien Bangkok. Dr. Hwee Khim Boo, the chairwoman of MTCC and Mr. Yap Choon Eng, the Deputy Chairman of MTCC presented the Annual Report, Financial Report, and MTCC’s activities conducted in the past one year. The event was graced by our honorary guest , Mr. Bong Yik Jui, the DCM and Minister of Malaysia Embassy, Bangkok and well attended by over 60 existing and new members. It ended with a dinner and an informative presentation on the “SET LiVE Exchange: Alternative Investment Opportunity” by Mr. Prapan Charoenprawatt, the President of LiVEx, The Stock Exchange of Thailand. MTCC would like to thank all of our sponsors and members for your continued support, and we look forward to continue working with you and your businesses in the future. l 1 MTCC NEWS l August 2023
Deputy Chairman’s Message Patron H.E. Datuk Jojie Samuel Ambassador of Malaysia to the Kingdom of Thailand Advisors Ms. Fadzilah Abu Hasan, Minister Counsellor (Economic Affairs) Mr. Hafiz Shariff, Trade Commissioner (MATRADE) Mr. Hairuddin Bin Maslan Counsellor (Agriculture) Ms. Madzwin Zainal Abidin Director (Tourism Malaysia) Honorary Board of Directors Mr. Yeap Swee Chuan - Hon. Chairman Mr. Daniel Soh - Hon. Director Mr. Khew Ham Hoe - Hon. Director Mr. Supasak Chirasavinuprapand - Hon. Director Mr. Ten Voon Teng - Hon. Director Board of Directors Dr. Hwee Khim Boo - Chairman Mr. Yap Choon Eng - Deputy Chairman Ms. Low Giin Lan - Treasurer Mr. Pranart Sarnvivad - Secretary Mr. Halmi bin Mohd Salim Ms. Khong Sheau Yan Mr. Leong Keh Soon Mr. Raymond Chee Ms. Rungnapa Chinvigai Dr. Supareak Charlie Chomchan Ms. Susan Lim Ms. Woan Na Ng Committee Members Mr. Lam Hoi Sun Mr. Leon Quah Administrator Ms. Siriporn Wongchanglor It has been nearly four years since the pandemic brought upon unpresented challenges that humbled humanity and created a new normal. 2023 marked another challenging year amid lower household consumptions on the back of increasing bank interest rates, I hope your businesses are staying resilient and prepared to capture market uptrend when opportunities arise. With countries opening borders and prior travel restrictions removed, eight months of 2023 flashed by quickly with eventful business and official visits to renew networks and explore collaboration opportunities, post pandemic. This year, MTCC has been bustling with activities, significant events in the past months which include co-organizing the Prime Minister’s visit to Thailand in February for engagement with the Malaysians diaspora residing in Thailand during his visit. Another hallmark event was MTCC Business Networking Night with our Honorary Chairman sharing his three decades business journey to success and offering business mentorship program in guiding Malaysia businesses in Thailand wishing to expand and listing entry into the Stock Exchange of Thailand (SET). Both events were very successful with large turnouts of participations. I would like to express my sincere thanks to our Patron, Dato’ Jojie Samuel, Ambassador of Malaysia to the Kingdom of Thailand, our Honorary Chairman, Mr. Yeap Swee Chuan and MTCC Board for their tireless support on driving MTCC missions for the greater good of all Malaysians living in Thailand. To all members, we are grateful for your continuing engagement and as always, let us all collaborate tighter to strengthen resilience and uncover more synergistic opportunities post Covid-19 era. See you at the next exciting networking event! Mr. Yap Choon Eng Deputy Chairman Malaysian-Thai Chamber of Commerce l 3 MTCC NEWS l August 2023
| NEW MEMBERS The Ascott International Management (Thailand) Ltd. Address: No. 219/43, 12th Floor, Asoke Towers, Soi Asoke Sukhumvit 21 Road, North Khlongtoey Wattana, Bangkok 10110, Thailand Tel: +66 (0) 2-204-4400 Fax: +66 (0) 2-204-4411 E-mail: [email protected] Website: www.discoverasr.com Nature of Business: Leading international lodging owner-operators Products/ Services: The Ascott Limited (Thailand), a wholly-owned lodging business unit of CapitaLand Investment, operates 28 properties with more than 5,000 units in Bangkok, Pattaya, Sri Racha, and Phuket under serviced apartment, co-living, and white-label brands, including Ascott, Citadines, Oakwood, Somerset, and lyf. They also have 13 properties with almost 3,000 units in Bangkok, Chonburi City Center, Pattaya, and Rayong in the development pipeline. Company Background: The Ascott Limited (Ascott) is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott's portfolio spans over 220 cities across more than 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA. Ascott has over 95,000 operating units and more than 65,000 units under development, making a total of over 160,000 units across more than 900 properties. The company’s serviced apartment, coliving and hotel brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Préférence, Fox, Harris, POP!, Vertu and Yello. For more information, please visit www.discoverasr.com Chamber Representative: Ms. Joanne Chung - Country Director of Sales & Marketing - Thailand & Laos Nirvana Memorial Park Co., Ltd. Address: 65/99-65/100 Chamnan Phenjati Business Center 11th Floor, Rama IX Road, Huay Kwang Huay Kwang, Bangkok 10310, Thailand Tel: +66(0)2-0266277, +66 (0) 91-2096989 E-mail: [email protected] Website: www.nirvana-memorial.co.th Nature of Business: Bereavement care provider (private company) Product/Service: Burial plot, columbarium, shengji Company Background: Nirvana Memorial Park Thailand by Nirvana Asia Group, the largest bereavement care provider in Asia with over 30 years of experience and has built over 20 memorial parks in more than 5 countries around the world - Malaysia, Indonesia, Singapore, Thailand and Vietnam. Chamber Representative: Mr. Jiratchai Akeanusorn l 4 MTCC NEWS l August 2023
| NEW MEMBERS Panus Assembly Co., Ltd. Address: 27/1 Moo.3 Tambol Kudnong Panusnikom, Chonburi 20140, Thailand Phone: +66(0)38-462-100-2 Fax: +66(0)38-462-103 Email: [email protected] Website: http://www.panusinternational.com Nature of Business: Manufacturer – Trailers Products/ Services: Trailers, semi-trailers, commercial truck body applications, and airport ground service equipment. Company Background: With over 50 years of experience, Panus was established in Phanat Nikhom District, Chonburi Province approximately 100 kilometers away from Bangkok. The objective of our company is to produce high-quality logistics haulage equipment such as trailer chassis, car transport carriers, dry and refridgerated truck bodies, and dump truck bodies. With the increased capacity and experiences of a team of highly motivated, creative and inspirational engineers, the company have designed and manufactured over 400 models to-date. Our company has grown to be the one of the largest trailer and semitrailer manufacturer in Thailand. We are continuously expanding our product line which include Defense & Rescue Vehicles, Aviation Ground Support Equipment, and Electric Vehicle (EV) Conversions and Batteries. Our mission is to provide the most innovative solutions for the transportation and logistics sector the worldover that meets worldclass international standards. Chamber Representative: Mr. Nicholas Ling QR Technologies Co., Ltd. Address: No.135/37, Amornpan 205 Building Tower2, 12a Floor, Soi Nathong Ratchadapisek Road, Kwaeng Dindaeng, Khet Dindaeng, Bangkok 10400, Thailand Tel: +66 (0)2-3542635 Email: [email protected] Website: www.qrtec.co.th Nature of Business: Provide services on wireless system through mobile phone and in telecommunication business. Products/ Services: Mobile solution, SMS payment gateway, premium mobile content Company Background: QR Technologies Co., Ltd. founded in 2008, the company has become one of the leaders in Mobile Solution Service Provider in Thailand. We are here in this industry to create and develop efficient and effective services to our clients and fulfill the market demands. The company is growing substantially year by year and satisfies clients in every industry; from small and medium business, franchising to leading enterprise. Chamber Representative: Mr. Lai Tian Long – Managing Director l 5 MTCC NEWS l August 2023
| MEMBER’S PROFILE Address: Supalai Grand Tower, 26th Floor, 1011 Rama 3 Road Chongnonsi, Yannawa, Bangkok 10120, Thailand Tel: +(66) 2056 5555 Fax: +(66) 2056 5678 E-mail: [email protected] Website: www.tilleke.com Nature of Business: Legal services Company Background: Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 220 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia. Established in Bangkok in 1890, we have since grown into the largest independent law firm in Thailand and a leading international firm across Southeast Asia due to our commercial focus, local knowledge, and extraordinary service. We regularly stand alongside many of the world’s largest and most successful companies in Southeast Asia’s most significant commercial transactions, represent them in landmark litigation across the region, and help protect their economic and intellectual assets in Southeast Asia. Our firm is regularly recognized as among Asia’s leading legal practices by international law firm directories, winning over a dozen firm of the year awards in 2022, and garnering exceptional rankings across the following practice areas: Tricor (Thailand) Ltd. Tilleke & Gibbins Address: 179/60-62 Bangkok City Tower, 13th Floor South Sathorn Road, Thungmahamek Sathorn, Bangkok 10120, Thailand Tel: +(66) 2 343 1200 Fax: +(66) 2 286 4130 Email: [email protected] Website: www.tricorglobal.com Nature of Business: Business services, corporate services and tax advisory. Business services: financial, accounting, payroll services, tax compliance, fund administration. Corporate services: market entry advisory, entity formation, BOI, FBL and other regulatory approvals, corporate governance and compliance, corporate secretarial services. Tax advisory services: cross-border tax planning, transfer pricing, withholding tax (WHT), value added tax (VAT), personal income tax planning, tax audits and investigations matters. Company Background: Tricor Group is Asia’s leading business expansion specialist, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, and governance advisory. Tricor provides the building blocks for clients’ business growth, from incorporation to IPO. Tricor is a global, industry-leading provider of integrated business, corporate and investor services since we were founded in 2000. We continue to enhance our capabilities and grow our business, and the Group today has ~50,000 clients globally, a staff strength of over 3,000 and a network of offices in 47 cities across 21 countries/territories. Our client portfolio includes over 2,000 listed companies in Hong Kong SAR, Mainland China, Singapore, Malaysia and Thailand, and more than 40% of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets. Chamber Representative: Mr. Dyland Mah - CEO • Banking and Finance • Capital Markets • Competition • Compliance and Investigations • Corporate and M&A • Customs and International Trade • Data Protection • Dispute Resolution • Insurance • Intellectual Property • Labor and Employment • Projects and Energy • Real Estate and Construction • Restructuring and Insolvency • Technology, Media, and Telecoms • Tax • Transportation Our firm is also a proud member of international legal networks Lex Mundi and Multilaw, through which we collaborate with other top law firms to provide seamless, high-quality representation in jurisdictions worldwide. l 6 MTCC NEWS l August 2023
| MEMBER’S PROFILE Address: AIA Capital Center Fl. 22 89 Ratchadaphisek Rd, Din Daeng Bangkok 10400, Thailand Tel: +66 (0) 2094-8888 E-mail: [email protected] Website: www.tysonfoods.com Nature of Business: Meat Processing Company Background: Engaged in meat manufacturing activities, serving consumers and customers in the retail and foodservice channels. Tyson Foods currently operates multiple processing sites in Thailand, serving domestic customers as well as exports to more than 25 countries across Asia Pacific and Europe. Major products are fresh and further processed poultry i.e. fully cooked nuggets, chicken patties, and other batter breaded products. Headquartered in Springdale, Arkansas, Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Tyson Foods innovates continually to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit TYSONFOODS.COM to learn more. Chamber Representative: l 7 MTCC NEWS l August 2023 Tyson International APAC Ltd. President Tyson APAC Mr. Harry KH Ong Managing Director McKey Food Services (Thailand) Mr. Tan Sun • McKey Food Services (Thailand) Limited • Tyson Poultry (Thailand) Limited
l 8 MTCC NEWS l August 2023 | MTCC ACTIVITIES fifffflffiflffiflflflfl ffi fl flfffflffifl ffiflflffifl fl fflflffiflffiflfl On 10th February 2023 (Grand Ballroom, Royal Orchid Sheraton Bangkok): Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim, attended the business meeting with the leaders of various industries and delivers a keynote speech on “The Future of ASEAN”. This event was hosted by the Malaysian-Thai Chamber of Commerce (MTCC) which was well attended by hundreds of Thai and Malaysian business leaders. The forum was honoured by Dr. Thanong Biyada, the former Minister of Finance of Thailand where he delivered an opening remark and shared his insights on business opportunities and potential cooperation between Malaysia and Thailand. Dr Thanong Biyada said, "Thailand and Malaysia have a very long great relationship and passed through many economic crises in ASEAN together. Various agreements to form partnerships in ASEAN projects have been triggered, but many projects were not finished since most countries were still in the early stages of industrial development. At present, ASEAN has developed into a successful free trade area and could foster investment and business partnerships. Therefore, it is about time to rethink a new strategy to boost the regional economy together. The visit of the Prime Minister of Malaysia to Thailand this time will mark a great possible rejuvenation of political, economic and social ties between two countries.” Mr. Yeap Swee Chuan, the Honorary Chairman of MTCC and President and CEO of AAPICO Hitech Plc., delivered welcoming remarks to the Prime Minister of Malaysia and said that “The MTCC was established at the initiative 20 years ago and now recognised as one of the most active Malaysian chambers with 198 members at present. MTCC hopes that the visit of the Prime Minister of Malaysia will catalyse investment between Malaysia and Thailand.
l 9 MTCC NEWS l August 2023 | MTCC ACTIVITIES The Prime Minister of Malaysia, YAB Dato’ Seri Anwar Ibrahim shared his vision of ASEAN growing steadily and vigorously in the future. His Excellency said that “After becoming Malaysian PM, I gave the highest priority to ASEAN. I would add that Malaysia and Thailand collectively have a high potential for economic and social development, which we can explore and implement for the better of the people. Therefore, we should explore how to set up the “ThailandMalaysia Special Economic Corridor” covering the provinces in southern Thailand and the northern states in Malaysia. This is to unleash the economic and business potential of the region and give the opportunity to link to Asia and the middle east. It would help strengthen the IMT-GT (Indonesia-Malaysia-Thailand Growth Triangle) by focusing on the weakest spot in the Growth Triangle area.” His Excellency mentioned “Peace and prosperity for the people should be the most desirable outcome of the government. The leaders and top policymakers are aware of the potential of ASEAN. Had we worked together, we surely can drive ASEAN together to a new height. There are many policies that ASEAN leaders should pay attention to: (1) promoting intra-ASEAN trade and investment, (2) creating a new environment of education, research and development in ASEAN for the new ASEAN generation, and (3) exercising leadership and reinforcing the ASEAN financial cooperation as a shield for our members.” Lastly, His Excellency highlighted that “I would say that we should revitalise the ASEAN spirit. It can be done by setting our mind into the mode of “Cooperation, and not Competition”. Our leaders should lead the way for the new generation to have the will and ways to conform with the young minds in other ASEAN nations.” The forum was also honoured by Dr. Kanit Sangsubhan, the Chairman of the Eastern Economic Corridor (EEC) Advisory Board who moderated a fruitful and insightful discussion during the Q&A session.
l 10 MTCC NEWS l August 2023 | MTCC ACTIVITIES fifffflffiflflfflffiflfffflflflfl fffflfl The Malaysian-Thai Chamber of Commerce (MTCC), the Singapore-Thai Chamber of Commerce (STCC) and the Thai-Hong Kong Trade Association (THTA) jointly organize the dinner for the Chinese New Year Celebration held on 4 February 2023 at The Berkeley Hotel Pratunam, Bangkok. The event was a resounding success, with more than 450 distinguished guests, including dignitaries from the Foreign Embassies, notable officials from the Trade Office, delegates from the Joint Foreign Chambers, and esteemed guests. The event commenced with an air of excitement as Mr. Caleb Tsang, the charismatic emcee of the night, welcomed the Chairwoman of MTCC, Dr. Khim Boo, Chairman of STCC, Mr. Alan Lim, and THTA President, Mr. Jose Lai to the stage. Each of them delivered heartwarming opening speeches and extended warm welcome to all attendees. Traditional Yu Sheng "Lou Hei" dish was served, symbolizing good luck and prosperity. Mr. Robin Loh, Vice Chairman of STCC, took the stage to elucidate the symbolic significance of the dish, invoking blessings upon everyone for a bountiful and successful year ahead. While savoring the delicious food, guests enjoyed lined up Lion Dance, Guzheng performance, Thousand-hand dance show, games and live band. The event concluded with lucky draw prize giving with atmosphere filled with cheers and excitement and with as guests eagerly waited for the top Raffle prizes winning numbers announced by Emcee. Sponsors were invited on stage to present the prizes to the lucky winners. With the band continue playing on the stage, guests stayed back to sing and dance through the night after conclusion of the memorable event.
l 11 MTCC NEWS l August 2023 | MTCC ACTIVITIES fifffflffiflflffiflffiffi ffi On 12 – 15 March 2023, the Malaysia Exporters Association led by Dr Kabur Ibrahim organized an Export Acceleration Mission to Bangkok. This mission with the support from SME Bank, Ministry of Entrepreneurs Development and Cooperatives of Malaysia and managed by the Malaysian Export Academy in collaboration with the Malaysian Exporters Association brought participation of 22 members comprising 10 Malaysian companies, officials from the Ministry of Entrepreneurs Development and Cooperatives and SME bank, and also representatives of the Malaysian Exporters Association. On first day of arrival, MARTRADE Bangkok and the Malaysia-Thai Chamber of Commerce (MTCC) were invited to introductory dinner networking at Ramada Plaza Wyndham, meeting with Datuk Wira (Dr.) Aria Putera Ismail, the CEO of SME Bank along with his team and business delegations. On 14 March, an early tee-off session at Alpine Golf Club were organized by MTCC. The event was attended by H.E. Datuk Jojie Samuel, the Ambassador of Malaysia to Kingdom of Thailand, Datuk Wira, CEO of SME Bank and Mr. Yap Choon Eng, the Deputy Chairman of MTCC and Mr. Halmi Salim, the Director of MTCC. The delegations continued individual business matching sessions and follow-up meetings. In the evening, the 3 days export mission event closed with dinner with Malaysian and Thai Government Officials, Heads of Trade Associations and Selected Potential Buyers for final assessment and review meeting before the delegations departed back to Malaysia on 15 March. On 13 March morning, under the invitation of Dr. Kabur, a briefing and sharing of experiences by Malaysians living in Thailand were conducted. The occasion was graced with a special opening address by H.E. Datuk Jojie Samuel, the Ambassador of Malaysia to Kingdom of Thailand, followed by an overview of business opportunities shared by En. Hafiz Sharif, the Trade Commissioner MATRADE Bangkok. Ms. May Low of Wellness Bangkok, the MTCC director and Mr. Sean Too of Sentinel Solutions (Thailand), as owners and founders of their respective companies, candidly shared their decades of business experiences in Thailand to the Malaysian delegations and were well applauded in appreciation. In the afternoon, individual business matching sessions went underway with selected MTCC members and Thai companies to explore collaborations of the delegations’ products and
l 12 MTCC NEWS l August 2023 | MTCC ACTIVITIES On 25 May 2023, MTCC received a courtesy visit from Invest Selangor led by Dato' Hasan Azhari Hj Idris, CEO of Invest Selangor. The meeting was attended by MTCC Honorary Chairman, MTCC Chairman, directors and MATRADE Bangkok. There was fruitful discussion on potential business collaboration between the organizations. The Selangor International Business Summit 2023 will be held from 19-22 October 2023 at the Kuala Lumpur Convention Centre, and MTCC will circulate the event information to members. fifffflffiflflffifffl ffffi flffiff ffffffifl On 15 June 2023, the delegates from SME Johor Selatan visited MTCC and MATRADE Bangkok. There were exchanges on the challenges and experiences of SMEs. The visiting delegates came from different industries, including food and beverage, health and cosmetics, textile, education, and agriculture.
l 13 MTCC NEWS l August 2023 | MTCC ACTIVITIES fifffflfflffiflffiffiffi ffiffffifl ffi ffi flffiffiffififfi ffiffiffl ffiffiffi ffi fflffi ffifflffi ffi ffiffl ffiffi On 20 July 2023, MTCC organized the Business Networking Night at Shangri-la Bangkok, featuring “The Blueprint of Business Success” presented by Mr. Yeap Swee Chuan, the President and CEO of AAPICO Hitech Public Company Limited and Honorary Chairman of MTCC. The event was graced by our honorary guest and patron, H.E. Datuk Jojie Samuel, the Ambassador of Malaysia to the Kingdom of Thailand and well attended by over 72 existing and new members. Mr. Yeap has shared on key business tips to succeed in doing business in Thailand based on his journey and experience of over three decades in the automotive industry with strong regional and global networks with international car manufacturers. There was also valuable insights on stock selection tips, and most importantly, an introduction of the program where he will select and mentor one potential Malaysian company to be listed in the Thai SET. MTCC would like to thank all our sponsors and members for your attendance and continued support. We look forward to welcoming you to our future events.
l 12 MTCC NEWS l August 2023 | MTCC ACTIVITIES On 30 July 2023, MTCC Directors and members participated the Malaysia Ambassador's Challenge Cup at Rachakram Golf Club, Ayutthaya, Thailand. This event organised by the Sports and Welfare Club of the Embassy of Malaysia and supported by the Embassy of Malaysia, Bangkok and the MTCC. fifffflffffiflffffflflffflfffflffl
l 15 MTCC NEWS l August 2023 | CSR ACTIVITIES In 2022, MTCC continued its support for Wat Krachang School by contributing to a project aimed at repairing and renovating the roof, which had been identified as the most pressing issue due to its leakage and damage to the ceiling. The school was also affected by flooding in the Ayutthaya area in October, which further highlighted the need for urgent repairs. On 17 June 2023, with immense gratitude to all the donors and supporters, MTCC proudly presented a cheque amounting to Baht 277,000 to Wat Krachang School. The funds were raised during the MTCC Charity Dinner 2022 and the project is on process. MTCC would like to thank all the donors and supporters for making this meaningful CSR activity a reality. fifffflffiflfflfflfflff ff fl fi ffl fflfflfifl flfflff ff ff On 17 June 2023, Wat Krachang School, Ayuthaya being the MTCC’s adopted school, was listed as one of the schools enrolled in the Joint Foreign Chamber of Commerce Thailand (JFCCT) Teacher Training Program. The training program titled "Building Classroom Engagement and Positive Culture”, was organized by the JFCCT Education and Skills Committee. Mr. Ragil Ratnam, the program instructor, and Dr. Kongkiti Phusavat, Chairperson of Education & Skill Committee of JFCCT, provide positive feedback on the teachers from Wat Krachang School. The teachers learned creative ideas and activities which they can use to improve their teaching skills and engage with their students more effectively. MTCC would like to thank the JFCCT Education and Skills Committee for organizing this enlightening program.
l 16 MTCC NEWS l August 2023 | OTHER ACTIVITIES On 22 June 2023, Dr. Khim Boo, the MTCC Chairwoman and Mr. Yeap Swee Chuan, the Honorary Chairman represented the MTCC at a reunion party hosted by the Joint Foreign Chamber of Commerce Thailand (JFCCT), where the Ambassadors, past and current Chamber Directors, Presidents, and Board of Trade gathered to commemorate the continuity of collaborations between the foreign and Thai business communities. fifffflfflffiflflfl ffi ffifl flffiflfl On 14 July 2023, Dr. Hwee Khim Boo, the MTCC Chairwoman and Mr. Yap Choon Eng, the Deputy Chairman represented MTCC at the Thai-Hong Kong Trade Association (THKTA)'s Get Together Party 2023, which sought to announce the new Board of Directors for the fiscal year 2023-2024. The event was hosted at the Shangri-La Hotel in Bangkok and provided an excellent opportunity for networking with other business organisations and foreign chambers. MTCC would like to offer our most sincere wishes and congratulations to THKTA on the election of its new Board of Directors.
【独家】从负债3千万到翻身 大马人去泰国创15亿市值企业! | MEMBER’S CORNER l 17 MTCC NEWS l August 2023 Article on Mr. Yeap Swee Chuan and AAPICO as reprint from https://www.enanyang.my/node/551774 从“负翁”变富翁！叶瑞泉经过逾30年的奋斗和拼搏，成功在泰国打 造商业王国。 独家报道:宋秀英 【专访泰国Aapico主席兼总执行长叶瑞泉】 （吉隆坡11日讯）凭着坚毅不拔、永不言败的精神，泰国最大汽 车零件公司Aapico主席兼总执行长叶瑞泉从欠债3000万令吉，摇 身成为市值15亿令吉的挂牌公司老板，其奋斗故事可成为国人学 习的楷模！ 现年75岁的叶瑞泉来自怡保，尽管在泰国从事汽车零件业超过30 年光景，而且事业有成，集团旗下拥有7000名员工，他仍然没放 弃大马公民权，并在适当时机出击，落实将业务拓展至大马的梦想 ，为祖国引进科技及作出贡献。 叶瑞泉早年毕业于纽西兰梅西大学，过后返国就业，曾担任马来西 亚马赛地经销商Cycle & Carriage经理，并在30岁那一年决定自行 创业，代理三菱汽车。 只身到泰国闯天下 80年代，大马经济受世界经济衰影响，叶瑞泉决定放手一搏，脱 售宝腾（PROTON）经销商业务后，在数名股东支持下，1985年 只身到泰国闯天下，代理福特汽车，希望在汽车领域创出一片天。 “我以为这是难得的机会，没想到经营了10年，不仅赔上资本，还 欠债3000万令吉，当时福特也收回了代理权，我被迫另谋出路。” 叶瑞泉是配合Aapico与宝腾签署合作项目，过后接受《南洋商报 》专访时，畅谈本身在泰国从事汽车零件业的心路历程，以及如何 一步一脚印让公司转亏为盈，并成为该国最大的汽车零件生产商。 8年还清债务 尽管3000万令吉债务缠身，叶瑞泉丝毫不感压力或害怕，反而想 方设法重振事业，希望能逐步还清债务，过后返回马来西亚过生活 。结束代理福特汽车后，叶瑞泉于1996年投身汽车零件行业，并 在日本朋友助力下设立工厂，当时福特也助一臂之力，向其订购汽 车零件，促使生意逐渐走上正轨。 “面对银行追债，我诚实告知，必须先支付员工薪水，过后才按部 就班摊还债务；我告诉自己，只要我还活着，总有一天会还清 贷款。” 叶瑞泉讲到做到，最终用了8年时间，摆脱几千万的债务，换来 无债一身轻。 获森那美支持达双赢 叶瑞泉于1996年创立AAPICO Hitech公开股份有限公司（简称 “Aapico”），其背后的金主为森那美集团，让他的事业从此一 帆风顺。 创立Aapico后，公司面对资金严重短缺问题，在不得已的情况 下，决定把公司25%股权脱售给森那美，换来3000万令吉渡过 难关。 “当时公司与森那美签署合约，必须在指定期限内把Aapico剩余 的75%脱售给森那美；基于当时面对严重资金问题，我必须签 约，不过，一旦公司成功上市，这项合约将作废。” 在没有退路的情况下，叶瑞泉勇往直前，投下一切财力和物力 ，经过6年用心经营，Aapico于2002年在泰国证券交易所（ SET）上市。Aapico的三大主要业务为汽车零件原设备生产、 汽车代理，以及物联网连接和移动。 股价节节攀升 Aapico上市后，股价节节上升，公司于2004年回购森那美的 25%股权，让后者赚取超过1亿令吉。 森那美过后利用该1亿令吉在泰国扩充业务，叶瑞泉也毫不吝啬 提供专业协助，成功打造双赢局面。 “我不曾想过自己会成为上市公司老板，当时只希望还清债务后 返回大马，没想到经过6年经营，公司成功在泰国上市。” 历经劫难越做越强 在泰国商界浮沉数十载，叶瑞泉遭遇各种艰巨挑战，包括反政府 运动、红衫军及黄衫军运动、泰国大水灾、全球冠病疫情等， Aapico集团最终都能迎风而上，越做越强。2017年泰国南部发 生大水灾，Aapico工厂也不能幸免，公司因此损失1亿2000万 令吉。 叶瑞泉：汽车零件生意很容易经营，只要价格便宜，质量佳，加上准 时送货，生意自然会找上门。
| MEMBER’S CORNER l 18 MTCC NEWS l August 2023 每次危机都有商机 “对我而言，每一次的危机都会出现商机。2017年泰南大水灾，我 的工厂淹水长达40天，当时泰国首相委派财政部长来见我，要求 我做河堤，银行甚至主动提供1亿3000万令吉贷款，最终我自掏腰 包建河堤，成功帮助附近工业区渡过难关，工厂也在60天后全面 恢复运作。” 此外，2020年爆发冠病疫情，Aapico在3个月亏损7000万令吉， 令叶瑞泉忧心辛苦经营的工厂将毁于一旦。 在公司采取有利政策如减薪、削减开支后，公司在6个月后恢复正 常，继续在汽车零件业发光发热。 为了保障员工的安全，Aapico也自费为全体员工接种冠病疫苗， 让全厂人员安然渡过疫情，工厂没有任何疫死个案。 靠价廉物美致胜 47公司遍布多国 叶瑞泉表示，Aapico上市后，在幸运之神眷顾下，生意越做越好， 除了福特，过后公司也生产其他汽车品牌零件。 他轻描淡写说，其实汽车零件生意很容易经营，只要价格便宜，质 量佳，加上准时送货，生意自然会蒸蒸日上。 Aapico目前拥有47家子公司和附属公司，其中33家在泰国营运， 14家遍布葡萄牙、德国、伦敦、中国、印度、马来西亚及新加坡。 Aapico如今是供应全球原设备生产商的一级零件供应商，也是泰 国证券交易所汽车业的最大汽车零件公司，为泰国许多原设备生产 商供应多种汽车组件，如丰田、五十铃、本田、日产、福特、三菱 等。Aapico在2022年的营业额为为37亿令吉，盈利达2亿4000万 令吉。 随时准备收购公司 叶瑞泉分享成功的秘诀时说，只要装备好自己，一旦机遇来了，必 须捉紧机会不放。 “我们原本就一无所有，放胆一搏，最糟糕的情况也只不过是归零 罢了，没有什么好害怕，只要有机会，我们会收购公司，也不忘在 中国、印度、欧洲及大马等设厂。” 他认为，在从商路上，必须具备真诚、勤奋、诚实及有信用的条件。 对于生命的贵人，他说：“做生意最重要是维他命M（金钱），加 上勤奋及维持专注力，事业要取得成功并非难事。” 不曾想放弃大马国籍 在泰国定居长达30多年，与太太张丽娥育有两名女儿的叶瑞泉依 然心系大马，不曾有过放弃大马国籍的念头！ “目前是地球村的时代，除了大选有权投票外，成为哪个国家的公 民没有太大分别。” 每次全国大选，叶瑞泉都会履行公民职责，在百忙中抽时间回国投票。 叶瑞泉目前担任马来西亚泰国商会会长，每当国家领导或高官到访 泰国，他都尽力招待。 “身为大马泰国商会会长，我以大马为荣，对外从不隐瞒Aapico是 大马公司的事实，我在外国为大马树立了良好形象。” 应安华要求回国投资 首相拿督斯里安华于今年2月访问泰国，在安华要求下，加上国内 汽车业拥有无限机会，叶瑞泉毫不犹豫回国投资，并投下1亿4000 万令吉，与宝腾联营生产汽车零件。 “宝腾汽车的强大市场需求量促使国内汽车业前景大好，我有信心 明年2家工厂的营业额会倍增。” 叶瑞泉指出，位于丹绒马林的宝腾汽车城预料每年生产40万辆汽 车，届时中国吉利汽车控股集团将利用该车厂出口右座驾驶汽车。 他说，汽车是一个国家的重大工业，随着中国吉利汽车控股集团入 股宝腾后，大马汽车业目前处于最好时期，在投资、贸易及工业部 长东姑扎夫鲁穿针引线下，Aapico与宝腾一拍即合，双方于上个 月签订此合作关系，Aapico进军大马生产汽车零件。 与慕尤丁有段渊源 叶瑞泉自小接受英文教育，初中三后转至槟城工艺学院念修车课程， 5年后顺利毕业，在技职学院当教员，指导比自己年长的学员。 经 过2年的教职生涯，叶瑞泉领着父亲购买的单程机票，决定到纽西 兰深造，完成父亲的愿望，成为家中唯一拥有大学文凭的孩子。 经过4年苦读，叶瑞泉在半工读的情况下考获梅西大学科技（工业 管理）学士学位，返国后曾在马赛地经销商Cycle & Carriage担任 经理。 值得一提的是，他在Cycle & Carriage任职期间，前首相丹斯里慕 尤丁则是其在柔佛的经销商，当年30多岁的慕尤丁涉足政坛，过 后不久即成为柔佛州大臣。
fifffflffiflfflflfflfflffl ffl fflffiffi ffiflflffi ffffiff fi | MEMBER’S CORNER l 19 MTCC NEWS l August 2023 by AAPICO Hitech Public Company Limited fifffflffifflfl ffi fifffflffifflfl Subang Jaya, 3 July 2023 – Continuing its journey to reach its long-term goal of being the preeminent automotive brand in Malaysia, national carmaker PROTON is collaborating with AAPICO Hitech Public Company Limited (Aapico) via its subsidiary, Advance Vehicle Engineering Global Sdn. Bhd. (AVEE Global), to produce dies, jigs, hot stamping parts, body assembled parts and chassis components. The collaboration will see Aapico acquiring 60% of AVEE Global from PROTON with the latter retaining a 40% share in the company that will be renamed as Aapico Avee Sdn. Bhd. The partnership, which was formalised at a signing ceremony on 26 June 2023, will see Aapico, one of Thailand’s largest auto parts companies, making an initial investment of RM40 million into AVEE Global’s 20-acre facility with plans for further expansion to cater to the growing demand for PROTON vehicles and the overall automotive sector. Another RM100 million in investment is planned for 2024, for plant extensions and the acquisition of new machinery. The operational manufacturing facility will soon be ramping up its production volume with new products in the pipeline. Bringing its vast experience and expertise, Aapico will be managing operations and introducing new technology applications to produce better quality parts, improve production and cost eficiency. The future expansion will also see the development of human capital with more jobs being created and attracting highly skilled talents to the country. Yeap Swee Chuan, President & CEO of Aapico said, “Aapico is taking the opportunity to enter the auto parts manufacturing sector in Malaysia at this right time, with promising growth expected in the automotive industry led by strong demand for PROTON vehicles and further supported by strong economic growth. We aim to bring our expertise and manufacturing technology into the partnership and deliver world class auto parts to PROTON and support their expansion plans in both the domestic and export market.”
| MEMBER’S CORNER l 20 MTCC NEWS l August 2023 by AAPICO Hitech Public Company Limited About AAPICO AAPICO Hitech Public Company Limited (“Aapico”), was founded in 1996 and listed on the Stock Exchange of Thailand (SET) in 2002. Aapico has 3 key business pillars: the OEM Auto Parts Manufacturing Business, the Car Dealership Business, and the IoT Connectivity & Mobility Business. As of today, the Group comprises of 47 subsidiaries and associate companies, of which 33 companies are operating in Thailand and 14 companies are located overseas (Portugal, Germany, London, China, India, Malaysia, Singapore) and has over 5,000 employees. When it first began, Aapico’s core business was to design, produce, and install car assembly jigs and stamping dies; and to manufacture OEM automotive parts, including floor parts, cross members, pillars, brackets, clips, and fuel tanks for leading automobile assemblers in Thailand. The company has since progressed to cover production of chassis frame components, forging parts, machining parts, casting parts, plastic parts and plastic fuel tanks to its manufacturing portfolio. Today it is a Tier 1 parts supplier to OEM globally and currently the largest auto parts company in the SET auto sector, supplying many auto components to all OEMs in Thailand such as Toyota, Isuzu, Honda, Nissan, Ford, Mitsubishi, and others. In 2022, Aapico recorded a revenue of RM3.7 billion with a profit of RM240 million. The Malaysian founder, Yeap Swee Chuan, remains the major shareholder of the company and is the current President and CEO of Aapico. “The expansion to Malaysia is one of my dream to bring technology and contribute to my country” – SC Yeap For more information, visit www.aapico.com. For PROTON, the JV further strengthens the company’s ambitions to become a major player in the ASEAN automotive market. By leveraging on Aapico’s economies of scale and investment initiatives and combining it with PROTON’s own existing technologies in areas such as hot press forming of body parts, the company hopes to be able to make a quantum leap to power it to the forefront of one of the fastest growing automotive regions in the world. “The joint venture with Aapico will benefit PROTON by helping to provide the company better cost optimization, effciency, and quality in the production of our cars. As our volume increases in tandem with our model introduction plans, we will continue to work to ensure our products are on par with the competition in terms features and quality while continuing to offler outstanding safety from the use of technologies such as hot press forming,” said Dr Li Chunrong, CEO of PROTON. Gracing the event was guest of honour YB Senator Tengku Datuk Seri Utama Zafrul bin Tengku Abdul Aziz, Minister of Investment, Trade and Industry to witness the joint venture announcement by Tan Sri Syed Faisal Albar, Chairman of PROTON, and Yeap Swee Chuan, President & CEO of Aapico. Also present at the event was Dr Li Chunrong, CEO of PROTON, and Roslan Abdullah, Deputy CEO of PROTON. The investment is in line with the Ministry’s efflorts to generate sustainable economic growth, increase competitiveness and create innovative and high skilled employment opportunities in the workforce, particularly in the manufacturing sector where the automotive industry and related sectors play a significant role in contributing towards employment and to Malaysia’s GDP. The Aapico-PROTON strategic partnership is Aapico’s second venture in Malaysia’s auto parts sector. Earlier this year, the Thai company signed a joint venture agreement with Purem, one of the largest exhaust systems suppliers globally. With a RM30 million initial investment, Aapico holds 49% ownership while Purem holds 51% of Purem Aapico Sdn Bhd, which will produce exhaust systems and will begin supply to PROTON in Q3 this year. Yeap added, “We hope that these initial two investments will be the start of our long-term partnership with the national carmaker as we play a small part to support PROTON’s role as a catalyst for developing the country’s automotive ecosystem.” Prior to this, Aapico’s presence in Malaysia was through the company’s car dealership business where it owns and operates six car dealers in Malaysia including four PROTON dealers. About PROTON PROTON Holdings Bhd began as Malaysia’s first national car project, founded with the aim to accelerate Malaysia’s economic development and lay the foundations for the local automotive industry. In 2017, PROTON entered its next phase to be a modern and global automotive brand; through a partnership between its two principals, DRB-HICOM and Zhejiang Geely Holding Group. Today, PROTON continues to delight its customers with cars anchored on its brand promise of Inspiring Connections, and founded on its core values of always delivering Innovative Technology, Reliability and International standards. For media enquiries, please contact: AAPICO Hitech Public Company Limited Koh Mayanne (E) [email protected] (M) 012 2159565 PROTON Pn. Salawati Binti Mohd Yusoff Head of Group Communications, PROTON (E) [email protected] (M) 012 219 4581
| MEMBER’S CORNER l 21 MTCC NEWS l August 2023 by Gentari, as part of PETRONAS Group Switch to Sustainable Transportation with Gentari An impressive growth trajectory towards achieving carbon neutrality by 2050, now Gentari, as part of PETRONAS Group comes to Thailand to support your business in providing the infrastructure via a ZERO CAPEX business model to you on EV Charge Point Operation (CPO) and also EV Fleet Leasing in Thailand. EV Charge Point Operation (CPO) Gentari will provide site assessment, installations, commissioning and operational service of these charging infrastructure at your location without any cost to you and explore a profit share arrangement to utilize your parking space. This will attract EV customers to your location and demonstrate commitment towards the energy transition and decarbonization agenda of the nation. EV Fleet Leasing With a focus on B2B customers, Gentari offers a versatile range of EV fleet-as-a-service options, including 2-wheelers, 3-wheelers, 4-wheelers, EV buses, EV vans, and EV trucks. We offer ZERO CAPEX EV fleet subscription model to help your business reduce carbon footprint and create a more sustainable future for generations to come. Despite being new, Gentari have vast experiences in Malaysia, India and have initial foray in Thailand at Exchange Tower Sukhumvit and Happy Land. Some achievements thus far include : Activated more than 166 charging points across Malaysia with highest number of fast chargers. Deployed more than 1,300 EV Fleet for leasing across India and Malaysia Deployed first public 350kW super charger in Southeast Asia (Xpark Sunway Serene, Malaysia) Activated first ever EV roaming network collaboration between Gentari – ChargeEV - JomCharge, providing access to more than 600 charging points in Malaysia. Contact us today to learn more about how Gentari can help you transition to sustainable mobility. gentari.com | LinkedIn | Facebook | Instagram | Youtube | [email protected]
| ECONOMIC REVIEW SUMMARY OF MALAYSIA’S TRADE PERFORMANCE FOR JULY 2023 AND THE PERIOD OF JANUARY- JULY 2023 Based on the Department of Statistics, Malaysia and compiled by MATRADE By MATRADE Bangkok • Malaysia’s trade surplus in July 2023 increased by 7.9% year-on-year to USD3.73 billion and was the 39th consecutive month of trade surplus since May 2020. • Total trade fell by 14.4% to USD47.09 billion affected by softer global demand and lower commodity prices. • Exports decreased by 13.1% to USD25.40 billion and imports contracted by 15.9% to USD21.68 billion. The performance was similar to other regional markets notably Indonesia, China, Taiwan and the Republic of Korea which recorded negative trade growth for July 2023. • Despite the decline, exports of electrical and electronic (E&E) products remained robust while exports to major trading partners notably China and the United States rebounded in July 2023. • Compared to June 2023, imports grew by 1.3% while trade, exports and trade surplus edged down by 2.7%, 5.8% and 33.1%, respectively. • For the period of January to July 2023, trade was down by 6.1% to USD335.95 trillion compared to the same period of last year. Exports dropped by 5.9% to USD183.07 billion, imports fell by 6.5% to USD152.88 billion and trade surplus shrank by 2.5% to USD30.19 billion, respectively. Malaysia’s Global Trade Table 1: Malaysia's Global Trade, Annual (From 2016 to July 2023) in USD TOTAL EXPORT TOTAL IMPORT TRADE BALANCE TOTAL TRADE Year USD Bil Growth Rate % USD Bil Growth Rate % USD Bil Growth Rate % USD Bil Growth Rate % 2016 189.66 -4.8 168.43 -4.3 21.23 -8.3 358.09 -4.6 2017 217.72 14.8 194.75 15.6 22.97 8.2 412.47 15.2 2018 248.68 14.2 217.97 11.9 30.70 33.6 466.65 13.1 2019 240.20 -3.4 205.01 -5.9 35.19 14.6 445.21 -4.6 2020 234.61 -2.3 190.73 -7.0 43.88 24.7 425.34 -4.5 2021 299.33 27.6 238.17 24.9 61.17 39.4 537.50 26.4 2022 351.93 17.6 293.66 23.3 58.27 -4.7 645.59 20.1 2022 (JanJul) 202.52 0 170.12 0 32.41 0 372.64 0 2023 (JanJul) 183.07 -9.6 152.88 -10.1 30.19 -6.8 335.95 -9.8 2023 (Jun) 26.75 0 21.24 0 5.51 0 47.99 0 2023 (Jul) 25.40 -5.0 21.68 2.1 3.72 -32.6 47.09 -1.9 2022 (Jul) 30.25 0 26.68 0 3.57 0 56.93 0 2023 (Jul) 25.40 -16.0 21.68 -18.7 3.72 4.3 47.09 -17.3 l 22 MTCC NEWS l August 2023
| ECONOMIC REVIEW By MATRADE Bangkok • In July 2023, exports of manufactured goods which made up 86.7% or USD22.03 billion of total exports reduced by 9.8% y-o-y due to lower demand for petroleum products, palm oil-based manufactured products as well as machinery, equipment and parts. Meanwhile, exports of E&E products recorded positive growth. • Exports of agriculture goods (6.5% share) totalled USD1.64 billion, slipped by 28.1% compared to July 2022 on the back of lower exports of palm oil and palm oil-based agriculture products affected significantly by weaker export prices of palm oil. • Exports of mining goods (6.3% share) declined by 33.6% y-o-y to USD1.60 billion on slower exports of liquefied natural gas (LNG) and crude petroleum. Exports of E&E Products Maintained an Upward Trend Table 2: Malaysia's Total Trade by Country (From 2022 to July 2023) Malaysia’s Top Trading Partner to the World Table 3: Malaysia Global Exports (January - July 2023) 2022 Jan - Jul 2022 Jan - Jul 2023 Country USD Bil Share % USD Bil Share % USD Bil Share % Change (Value) Change % Total 645.59 100.0 372.64 100.0 335.95 100.0 -36.69 -9.8 1. People's Republic of China 110.45 17.1 63.30 17.0 56.47 16.8 -6.83 -10.8 2. Republic of Singapore 83.38 12.9 48.14 12.9 47.37 14.1 -0.76 -1.6 3. United States of America 60.71 9.4 34.29 9.2 31.16 9.3 -3.12 -9.1 4. Japan 41.26 6.4 23.56 6.3 20.50 6.1 -3.06 -13.0 5. Taiwan 35.79 5.5 20.41 5.5 16.24 4.8 -4.17 -20.4 6. Thailand 27.74 4.3 16.79 4.5 14.75 4.4 -2.03 -12.1 7. Republic of Indonesia 29.45 4.6 17.02 4.6 14.34 4.3 -2.68 -15.8 8. Republic of Indonesia 25.91 4.0 14.86 4.0 13.97 4.2 -0.89 -6.0 9. Hong Kong 25.71 4.0 14.71 3.9 13.35 4.0 -1.36 -9.2 10. Australia 20.08 3.1 10.96 2.9 11.15 3.3 0.19 1.7 2022 Jan - Jul 2022 Jan - Jul 2023 MITI Industry USD Bil Share % USD Bil Share % USD Bil Share % Change (Value) Change % Total 351.93 100.0 202.52 100.0 183.07 100.0 -19.45 -9.6 1. Electrical & Electronic Products 134.64 38.3 76.56 37.8 75.27 41.1 -1.29 -1.7 2. Petroleum Products 36.34 10.3 18.82 9.3 18.79 10.3 -0.04 -0.2 3. Chemicals & Chemical Products 18.33 5.2 10.81 5.3 9.15 5.0 -1.66 -15.3 4. Palm Oil & Palm Oil Based Agriculture Products 21.98 6.2 13.41 6.6 8.89 4.9 -4.52 -33.7 5. LNG 15.38 4.4 8.14 4.0 7.69 4.2 -0.45 -5.6 l 23 MTCC NEWS l August 2023
| ECONOMIC REVIEW By MATRADE Bangkok • In July 2023, trade with ASEAN represented 28.1% or USD13.58 billion of Malaysia’s total trade, eased by 17% y-o-y. Exports shrank by 18.8% to USD7.71 billion, mainly due to lower exports of petroleum products while higher exports were recorded for crude petroleum. Imports from ASEAN contracted by 14.6% to USD5.87 billion. • Exports to ASEAN major markets that recorded an increase was Vietnam which grew by USD2.10 million led by strong exports of E&E products. • Compared to June 2023, imports expanded by 8.4% while trade and exports were lower by 1.8% and 8.4%, respectively. • For the period of January to July 2023, trade with ASEAN reduced by 6.1% to USD92.85 billion compared to the corresponding period of 2022. Exports contracted by 3.9% to USD54.75 billion attributed to slower shipment of chemicals and chemical products, palm oil and palm oil-based agriculture products as well as machinery, equipment and parts. Nevertheless, strong exports were posted for E&E products and petroleum products. Imports from ASEAN dipped by 9% to USD38.09 billion. Trade Performance between Malaysia and ASEAN Countries Table 4: Top 5 Malaysia Imports by Products (January - July 2023) Import Performance • During the period of January to July 2023, imports shrank by 6.5% to USD152.88 billion compared to the corresponding period of 2022. Imports of intermediate goods contracted by 14.5% to USD77.68 billion compared to the same period last year, capital goods (↑0.6% to USD15.07 billion) and consumption goods (↓0.2% to USD13.12 billion). • From January to July 2023, exports of manufactured goods edged down by 4% to USD156.77 billion compared to the same period of 2022, owing mainly to slower exports of palm oil-based manufactured products, manufacturers of metal and rubber products. • However, strong exports of E&E products and petroleum products cushioned the impact of the decline. • Exports of mining goods shrank by 6.7% to USD13.21 billion on the back of lower shipments of crude petroleum as well as petroleum condensates and other petroleum oil. • Exports of agriculture goods declined by 25.6% to USD11.88 billion, dragged down mainly by lower exports of palm oil and palm oil-based agriculture products following the decrease in export prices of palm oil. 2022 Jan - Jul 2022 Jan - Jul 2023 MITI Industry USD Bil Share % USD Bil Share % USD Bil Share % Change (Value) Change % Total 293.66 100.0 170.12 100.0 152.88 100.0 -17.24 -10.1 1. Electrical & Electronic Products 89.31 30.4 51.83 30.5 44.18 28.9 -7.65 -14.8 2. Petroleum Products 32.94 11.2 18.21 10.7 17.62 11.5 -0.59 -3.2 3. Chemicals & Chemical Products 26.29 9.0 15.99 9.4 13.65 8.9 -2.34 -14.6 4. Machinery, Equipment & Parts 20.29 6.9 11.44 6.7 10.96 7.2 -0.47 -4.1 5. Manufactures of Metal 14.52 4.9 8.71 5.1 8.21 5.4 -0.49 -5.7 l 24 MTCC NEWS l August 2023
| ECONOMIC REVIEW By MATRADE Bangkok Total trade ● Malaysia’s total trade with Thailand recorded a decrease of -8.5% amounting to USD14.75 billion (Jan-Jul 2023: USD16.79 billion). ●The trade balance between Malaysia and Thailand recorded at -33.6% compared to the same period last year amounting to USD0.92 billion; (Jan-Jul 2022: USD1.42 billion) Trade Performance between Malaysia and Thailand Table 5: Malaysia's Total Trade by ASEAN Country (From 2022 – July 2023) ● In July 2023, Thailand was ranked as Malaysia’s: o 6th largest trading partner; o 6th largest export destination; o 7th largest source of import; and o 2nd top trading partner among ASEAN countries Bilateral Trade between Malaysia and Thailand (January – July 2023) Table 6: Malaysia's External Trade with Thailand (From 2016 to July 2023) 2022 Jan - Jul 2022 Jan - Jul 2023 Country USD Bil Share % USD Bil Share % USD Bil Share % Change (Value) Change % Total 175.03 100.0 102.85 100.0 92.81 100.0 -10.05 -9.8 1. Republic of Singapore 83.38 47.6 48.14 46.8 47.37 51.0 -0.76 -1.6 2. Thailand 27.74 15.8 16.79 16.3 14.75 15.9 -2.03 -12.1 3. Republic of Indonesia 29.45 16.8 17.02 16.5 14.34 15.4 -2.68 -15.8 4. Socialist Rep. of Viet Nam 19.43 11.1 12.05 11.7 9.58 10.3 -2.47 -20.5 5. Philippines 9.38 5.4 5.71 5.6 4.48 4.8 -1.23 -21.5 6. Brunei Darussalam 3.03 1.7 1.58 1.5 1.06 1.1 -0.52 -32.8 7. Union of Myanmar 1.68 1.0 1.02 1.0 0.74 0.8 -0.28 -27.2 8. Cambodia 0.68 0.4 0.38 0.4 0.45 0.5 0.07 19.8 9. People's Dem. Rep. Lao 0.26 0.1 0.18 0.2 0.03 0.0 -0.15 -85.1 TOTAL EXPORT TOTAL IMPORT TRADE BALANCE TOTAL TRADE Year USD Bil Growth Rate % USD Bil Growth Rate % USD Bil Growth Rate % USD Bil Growth Rate % 2016 10.62 -6.8 10.20 -4.3 0.42 -42.5 20.82 -5.6 2017 11.76 10.7 11.21 9.8 0.55 32.2 22.96 10.3 2018 14.15 20.3 12.05 7.5 2.10 281.1 26.20 14.1 2019 13.60 -3.8 10.69 -11.3 2.91 38.9 24.29 -7.3 2020 10.81 -20.5 8.19 -23.4 2.62 -10.1 19.00 -21.8 2021 12.59 16.4 10.95 33.7 1.63 -37.6 23.54 23.9 2022 14.96 18.8 12.78 16.7 2.18 33.2 27.74 17.8 2022 (JanJul) 9.10 0 7.68 0 1.42 0 16.79 0 2023 (JanJul) 7.84 -13.9 6.92 -10.0 0.92 -35.3 14.75 -12.1 2023 (Jun) 0.94 0 0.94 0 0.00 0 1.88 0 2023 (Jul) 1.10 16.4 0.97 3.5 0.13 3,074.7 2.07 10.0 2022 (Jul) 1.38 0 1.15 0 0.23 0 2.53 0 2023 (Jul) 1.10 -20.5 0.97 -15.6 0.13 -45.0 2.07 -18.2 l 25 MTCC NEWS l August 2023
| ECONOMIC REVIEW By MATRADE Bangkok Export Table 7: Malaysia’s Total Exports to Thailand (January - July 2023) • Malaysia’s export to Thailand declined by -10.5% to a total of USD7.84 billion as compared to the same period last year (July 2022: USD9.10 billion). Table 8: Top 10 Malaysia’s Exports to Thailand by Products (January - July 2023) 2022 Jan - Jul 2022 Jan - Jul 2023 Country USD Bil Share % USD Bil Share % USD Bil Share % Change (Value) Change % Thailand 14.96 100.0 9.10 100.0 7.84 100.0 -1.27 -13.9 2021 2022 Jan - Jul 2022 Jan - Jul 2023 MITI Industry USD Bil Share % USD Bil Share % Change (Value) Change % USD Bil Share % USD Bil Share % Change (Value) Change % Total 12.59 100.0 14.96 100.0 2.37 18.8 9.10 100.0 7.84 100.0 -1.27 -13.9 1. Electrical & Electronic Products 3.67 29.1 4.04 27.0 0.37 10.1 2.41 26.4 2.23 28.4 -0.18 -7.4 2. Crude Petroleum 0.86 6.8 1.67 11.1 0.81 93.5 1.05 11.6 1.01 12.9 -0.04 -3.7 3. Chemicals & Chemical Products 1.65 13.1 1.94 13.0 0.29 17.7 1.22 13.4 0.99 12.6 -0.24 -19.5 4. LNG 0.39 3.1 1.01 6.7 0.61 154.7 0.66 7.2 0.43 5.5 -0.23 -34.7 5. Machinery, Equipment & Parts 0.62 4.9 0.63 4.2 0.01 1.1 0.38 4.2 0.33 4.3 -0.05 -12.3 6. Manufactures of Metal 0.71 5.6 0.65 4.3 -0.06 -8.6 0.43 4.7 0.33 4.2 -0.10 -22.9 7. Petroleum Products 0.23 1.9 0.53 3.5 0.29 125.7 0.17 1.9 0.30 3.8 0.13 73.8 8. Optical & Scientific Equipment 0.45 3.6 0.58 3.9 0.13 28.7 0.33 3.7 0.29 3.8 -0.04 -11.4 9. Transport Equipment 0.38 3.0 0.45 3.0 0.07 17.8 0.26 2.8 0.28 3.6 0.02 8.8 10. Processed Food 0.34 2.7 0.37 2.5 0.03 9.1 0.22 2.4 0.23 3.0 0.01 6.2 l 26 MTCC NEWS l August 2023
| ECONOMIC REVIEW By MATRADE Bangkok Table 9: Malaysia’s Total Imports from Thailand (January - July 2023) Table 10: Top 10 Malaysia Imports from Thailand by Products (July 2023) 2022 Jan - Jul 2022 Jan - Jul 2023 Country USD Bil Share % USD Bil Share % USD Bil Share % Change (Value) Change % Thailand 12.78 100.0 7.68 100.0 6.92 100.0 -0.77 -10.0 Import • Malaysia’s imports from Thailand decreased by about -6.2% to USD6.92 billion from USD7.68 billion for the same period last year. (Jan-Jul 2023: 7.68 billion) 2021 2022 Jan - Jul 2022 Jan - Jul 2023 MITI Industry USD Bil Share % USD Bil Share % Change (Value) Change % USD Bil Share % USD Bil Share % Change (Value) Change % Total 10.95 100.0 12.78 100.0 1.83 16.7 7.68 100.0 6.92 100.0 -0.77 -10.0 1. Electrical & Electronic Products 2.36 21.5 2.56 20.0 0.20 8.5 1.49 19.4 1.40 20.2 -0.09 -6.2 2. Transport Equipment 1.43 13.0 1.74 13.6 0.31 21.5 0.95 12.3 1.26 18.2 0.32 33.4 3. Chemicals & Chemical Products 1.30 11.9 1.52 11.9 0.22 17.0 0.99 12.9 0.76 11.0 -0.23 -23.2 4. Processed Food 0.57 5.2 0.77 6.0 0.20 35.3 0.50 6.5 0.59 8.5 0.09 18.1 5. Machinery, Equipment & Parts 0.64 5.8 0.87 6.8 0.23 36.2 0.50 6.4 0.43 6.3 -0.06 -12.2 6. Natural Rubber 0.95 8.7 0.85 6.7 -0.10 -10.4 0.58 7.6 0.30 4.4 -0.28 -48.0 7. Petroleum Products 0.50 4.5 0.62 4.8 0.12 24.5 0.32 4.2 0.25 3.6 -0.07 -22.5 8. Rubber Products 0.50 4.6 0.48 3.8 -0.02 -4.4 0.30 3.9 0.23 3.4 -0.06 -21.0 9. Manufactures of Metal 0.27 2.5 0.31 2.4 0.04 14.9 0.18 2.3 0.15 2.2 -0.03 -15.2 10. Crude Petroleum 0.04 0.4 0.32 2.5 0.28 644.7 0.23 2.9 0.13 1.8 -0.10 -44.1 l 27 MTCC NEWS l August 2023
| HEALTH CORNER By Samitivej Hospitals l 28 MTCC NEWS l August 2023
| HEALTH CORNER By Samitivej Hospitals l 29 MTCC NEWS l August 2023
| TRADE EVENTS Thailand & Malaysia THAILAND 2023 MALAYSIA 2023 13. - 15. September 2023 Medical Fair Thailand Bangkok Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok www.medicalfair-thailand.com 20. - 23. September 2023 Pack Print International Bangkok Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok www.pack-print.de 20. - 22. September 2023 LED Expo Thailand Nonthaburi Venue: IMPACT Exhibition Center, Nonthaburi www.ledexpothailand.com/ 18. - 20. October 2023 Thailand Marine & Offshore Expo (TMOX) Bangkok Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok thai-marine.com 18. - 20. October 2023 Oil & Gas Thailand Bangkok Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok oilgasthai.com 25. - 27. October 2023 Pet Fair Southeast Asia Bangkok Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok www.petfair-sea.com September October 31 Oct. - 02 Nov. 2023 ASEAN Ports & Shipping Bangkok Venue: The Landmark Bangkok www.transportevents.com 07. - 09. November 2023 Cosmex Bangkok Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bangkok www.cosmexshow.com 22. - 25. November 2023 Metalex Bangkok Venue: Queen Sirikit National Convention Center www.metalex.co.th November 06. - 09. September 2023 MARVEX Kuala Lumpur Venue: Kuala Lumpur Convention Centre, Malaysia marvex.my 13. - 15. September 2023 Oil & Gas Asia OGA Kuala Lumpur Venue: Kuala Lumpur Convention Centre, Malaysia www.oilandgas-asia.com 19. - 22. September 2023 FHM Food & Hotel Malaysia Kuala Lumpur Venue : Kuala Lumpur Convention Centre, Malaysia www.foodandhotel.com 04 - 05 October 2023 Asia LegalTech Leaders Summit 2023 Venue : PARKROYAL Kuala Lumpur, Kuala Lumpur, Malaysia https://emnesevents.com/legal-tech-conference-2023/ 04 - 06 October 2023 International Greentech & Eco Products Exhibition & Conference 2023 Venue: Kuala Lumpur Convention Centre, Malaysia https://www.igem.my/ 17. - 19. October 2023 LAB ASIA Kuala Lumpur Venue: Kuala Lumpur Convention Centre, Malaysia www.lab-asia.com 14. - 15. November 2023 MIMEX Malaysia International Marine Expo Kuala Lumpur Venue: Kuala Lumpur Convention Centre (KLCC), Kuala Lumpur www.marine-malaysia.com 16. - 18. November 2023 Malaysia International AutoParts Expo MIAPEX Seri Kembangan Venue: Mines International Exhibition & Convention Centre, Selangor, Malaysia www.motonation.com.my 17. - 19. November 2023 TCE Wedding Expo 2023 Venue: Mid Valley Exhibition Centre Mid Valley Megamall, Kuala Lumpur, Malaysia https://www.tcewedding.com.my/ l 30 MTCC NEWS l August 2023 September October November
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