SRIB 63rd Anniversary & Annual Dinner Programme Booklet |
- SRIB 63rd Anniversary & Annual Dinner Programme Booklet
- Rubber sector to maintain resilience on higher export earnings, glove demand
- State approves amendments to three bills
| SRIB 63rd Anniversary & Annual Dinner Programme Booklet Posted: 28 Jan 2014 11:31 PM PST
Content of SRIB 63rd Anniversary & Annual Dinner Programme Booklet is as listed below. (available only in Malay)
Information in this page was last updated on 29 January, 2014.  |
| Rubber sector to maintain resilience on higher export earnings, glove demand Posted: 28 Jan 2014 05:35 PM PST KUALA LUMPUR, Dec 31 — The rubber industry is expected to maintain its resilience next year, driven by higher export earnings of rubber products as well as stronger demand for rubber gloves. Malaysian Rubber Board Director-General Datuk Dr Salmiah Ahmad said rubber products would continue to be the main contributor to the industry in terms of export earnings and it was expected to hit RM40.5 billion next year. "This would be a jump in the export contribution of the rubber industry as a whole, estimated at RM38 billion for 2013," she told Bernama. She said for rubber products sector, about 25 per cent of Malaysia's total export went to the United States while the same percentage went to the European Union countries, mostly to Germany and the United Kingdom. Among the rubber products, gloves have been the main export product to these countries and would continue to be the major contributor (of about 80 per cent) to the sector's exports earnings. On prices, Salmiah said after reaching its peak at 1,734 sen per kg on February 18, 2011, the natural rubber (NR) market was on a slow patch and prices were on the declining trend amid a lull in global demand particularly in advanced countries. However, she noted that prices would be better next year compared with the current year, as China's consumption of NR was projected to grow by some 6.5 per cent in tandem with its economic growth of about 7.5 per cent. "China consumed approximately 35 per cent of the total global NR consumption. "Another plus factor is that the economic growth in advanced Western countries particularly Eurozone are expected to register positive growth in 2014, potentially signalling better demand for the automobile and transportation industries," she said. On the sector's sustainability, Salmiah said a total of 11,600 hectares (ha) of new areas will be planted with rubber next year. "In 2013, the total target for new planting is 10,615ha, out of which 3,000ha in the peninsula are implemented by the Rubber Industry Smallholders Development Authority, 3,215ha in Sabah by the Sabah Rubber Industry Board and 4,400ha by the Department of Agriculture Sarawak. "For the January to October period, 4,018ha have been planted, 3,940ha are under work in progress while the balance of 2,656ha have yet to be planted," she said. Meanwhile, MIDF Amanah Investment Bank Bhd has a "positive" call for the rubber glove sector as it expected the environment to remain conducive for industry players, with the average latex price projected at RM5.67 per kg for 2013 and RM5.50 per kg for 2014. An analyst from the research house said the ringgit, projected to trade at between RM3.15 and RM3.20 to the US dollar next year, would be positive for most glove players as the average selling price of their products would be less volatile. "We expect the demand trend for rubber gloves to sustain in 2014 due to relatively low natural rubber and nitrile butadiene rubber latex prices, leading to more competitive pricing among glove players," the analyst said. For the first nine months of 2013, the volume of rubber glove exports grew 32.4 per cent year-on-year to 533,352 tonnes from 402,887 tonnes in the same period in 2012. The value of the rubber glove exports for the January to September period in 2013 amounted to RM7.93 billion, up 0.5 per cent year-on-year. The small increase was due to the lower average selling prices of rubber gloves and the fall in raw material prices. At the close of the last trading day for the year, the official physical price for tyre-grade SMR 20 decreased five sen to 747.5 sen a kg and latex-in-bulk slipped 6.5 sen to 541.5 sen a kg. — Bernama Source: BERNAMA. (2013, December 31). Rubber sector to maintain resilience on higher export earnings, glove demand. Retrieved on 29 January 2014 from The Malay Mail Online.com: http://www.themalaymailonline.com/money/article/rubber-sector-to-maintain-resilience-on-higher-export-earnings-glove-demand Information in this page was last updated on 29 January, 2014. |
| State approves amendments to three bills Posted: 28 Jan 2014 05:24 PM PST KOTA KINABALU: The State Assembly has approved amendments to three bills namely the Forest Enactment (Amendment) 2013, the Sabah Rubber Industry Board Enactment (Amendment) 2013 and the Sabah Provident Fund Enactment (Amendment) 2013 all effective from December 15. When tabling the Forest Enactment (Amendment) 2013, Assistant Minister in the Chief Minister's Department Datuk Elron Angin said that the main objective of the bill is to clarify the State government's authority in producing export and import licenses of timber from Sabah. He also said that the amendment is intended to enable the State government to collect revenue from the sale of carbons in the trees and plants found in forest reserves and government land as well as to incorporate eco-tourism activities as part of a new function of the Mangrove Forest Reserve Class V. "With the implementation of this amendment, the State's authority encompassing the management and control of natural resources will be secured and strengthened," Elron said. "The amendment would also allow the State government to generate revenue from new resources found in the forests as well as to ensure that Sabah's heritage can be preserved and protected more effectively," he said. Meanwhile, the amendment on the Sabah Rubber Industry Board Enactment (Amendment) 2013 is to improve enforcement as well as address weaknesses found in the previous enactment. Deputy Chief Minister Datuk Seri Yahya Hussin when tabling the proposal to amend the Sabah Rubber Industry Board Enactment (Bill No 25, Year 1981) said the enactment will empower the board to impose rubber cess at a rate of 2.2 sen per kilogramme or RM22 per tonne on all rubber exported from the State. He also said that the raw rubber cess is at a rate of 10 per cent of the sales price of SMR20 on the day of export. These cesses would be used to fund consultancy programmes and the expansion of rubber smallholders as well as to finance part of the cost of rubber planting and replanting programmes in Sabah, he said. Yahya said that there were few weaknesses in the enactment which made enforcement less effective. He said one of them was that the investigating officers had no authority to examine witnesses and therefore any oral or written examination made was unacceptable in court. Also, there had been no fund set aside to appoint rubber experts as witness causing the need to do extensive chemical testing in Kuala Lumpur and that would incur a lot of time and money, Yahya said. He also said that the amendment on the Sabah Rubber Industry Board Enactment (Bill No 25, Year 1981) is to avoid uncertainty on the type of rubber cess to be imposed and to curb attempts to avoid paying rubber cess. "This amendment is therefore done to improve the legal provisions to overcome weaknesses so enforcement can be carried out more effectively to ensure all rubbers cesses can be collected and the government's revenue be increased. It is also to avoid any ambiguity on legal terms," Yahya said. "We're also trying to curb smuggling out of raw rubber from Sabah so that that rubber cess would increase and the additional funds used for developments in rural areas to benefit rubber smallholders," he said. On the Sabah Provident Fund Enactment (Amendment) 2013, its purpose is to establish a fund for the Sewerage System (operation & maintenance) for the purpose of maintaining an effective sewerage system. The enactment was tabled by Deputy Chief Minister Tan Sri Joseph Pairin Kitingan who is also the Minister of Infrastructure Development. On another note, the State Assembly had also approved the supply expenditure totalling RM3.862 billion for 2014. Source: State approves amendments to three bills. (2013, November 22). Retrieved on 29 January 2014 from New Sabah Times: http://www.newsabahtimes.com.my/nstweb/fullstory/73382 Information in this page was last updated on 29 January, 2014. |
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