Dato’ Sri Mustapa Mohamed Minister of International Trade ... download...in the news Dato’ Sri...

No. ISSN:2180-0448

MITI Weekly Bulletin / www.miti.gov.my

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1. YAB Perdana Menteri presented a prudent, balanced, ‘mesra rakyat’ budget which clearly underlines the Government’s effort and commitment towards national transformation en route to becoming a high income nation while placing the concerns of the average citizen at the core of the Budget. The theme of 2015 Budget, “Budget 2015: People Economy” reflects this aspiration.

2. Despite the less than optimistic external economic environment, Malaysia’s economic fundamentals remain strong. In the first half of 2014, Malaysia’s economic performance registered impressive growth of 6.3%. It is estimated that national growth will expand by 5.5% to 6% in 2014.

3. Malaysia remains attractive to foreign investors. The 2015 Budget contains various measures which would further stimulate exports and investment inflows. In line with the objective of achieving a high-income nation status by 2020, the Budget provides for various enhanced special incentive packages which will be offered to quality investment projects that provide highly qualified and knowledgeable employees with high salaries.

4. The Budget would also stimulate the growth of SMEs as well as lighten the people’s burden to cushion challenging adjustment.

MITI in the news

Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry

on the 2015 Budget5. A total of RM1.3 billion has been allocated for MITI to implement the development plans under this Budget. Of this, RM586.7 million is for operating expenditure and RM716 million, for development expenditure.

Locational Incentives for Less Developed Areas6. The Government introduced special locational incentives to encourage more equitable regional development and inclusiveness.

7. The impact of these incentives is reflected through the development of the economic corridors, particularly Iskandar Malaysia. Given this positive impact, the Government has decided to extend locational incentives to encourage further economic activities in other less developed areas.

8. From 2006 to May 2014, 3,262 projects have been approved cumulatively in the five economic corridors (Northern Corridor Economic Region (NCER), East Cost Economic Region (ECER), Sabah Development Corridor, Sarawak Corridor of Renewable Energy (SCORE) and Iskandar Malaysia, which contribute to total domestic investment of RM91 billion and foreign investment of RM157 billion. This has created 362,891 new jobs in Malaysia.

Incentives for Industrial Development9. Industrial areas with systematically maintained public facilities/infrastructure are among the attributing factors to the development of high value added and technology-based industries.

10. In this case, Pioneer Status with income tax exemption of 100% of the statutory income for a period of five years will be made available to encourage the private sector to manage, maintain and improve the industrial areas in less developed areas.

11. Pioneer Status with income tax exemption of 70% of the statutory income for a period of five years will be given to the private sector to manage the industrial areas in other areas.

Impact• Addressing the lack of proper management and upkeep of IEs; • Providing more conducive investment environment with better infrastructure management; • Promoting growth and fostering development of IE and surrounding areas; • Leveraging on location comparative advantages; and • Encouraging the use of park management model.

Incentives to Enhance Automation in Labour-Intensive Industries12. To accelerate the shift of the manufacturing sector from labour-intensive into high value-added, knowledge-intensive and innovative industries, these incentives will be introduced:

• Category 1 : Most labour intensive industries (rubber, plastic, wood & furniture, textiles)- Automation expenditure capital allowance of 200% on the first RM4 million expenditure and 100% for the remaining expenditure, from 2015 to 2017.

• Category 2 : Other Industries-Automation expenditure capital allowance of 200% on the first RM2 million of expenditure from 2015 to 2020.

Impact• Encourage manufacturing companies to engage in innovative and productive activities;• Encourage the quick adoption of automation especially for the most foreign labour reliant industries;• Reduce outflow of cash from Malaysia by foreign labour; • Further spur automation initiatives; and• Achieve high-income country status by 2020.

Incentives for High Quality

Investments with High Quality Employment

13. In promoting the development of high quality investment, the Government has always ensured the importance of having the spill over benefits to be enjoyed by the Rakyat, especially through the creation of employment opportunities that offer high income. This is to be consistent with the objective of achieving a high-income nation status by 2020.

14. Thus, more special incentive package will be offered for investment projects based on technology, innovation and knowledge, which involve highly qualified and knowledgeable employees that are paid with high salaries.

Impact• Ensuring high quality investment for the Rakyat, especially through the creation of employment opportunities that offer high income.

• Achieving high-income country status by 2020.

Services SectorIncentive to Enhance Services Exports

15. To enhance the capability of local services providers to do market studies to venture into international markets, the Government has re-introduced the Services Export Fund (SEF) of RM300 million.

Impact• The reintroduction of SEF will help Malaysian services providers secure opportunities abroad and increase the contribution of non-government services sector to the economy.

• Provide opportunities for more services companies to secure high value projects through undertaking feasibility studies for infrastructure projects such as highways, ports and participation in international tenders.

• Reintroduction of SEF will provide greater opportunity to increase the contribution of services

sector to total exports. Currently, contribution of services to total exports is 14%.

Establishment of Principal Hubs16. To strengthen Malaysia’s position as the global operational centre for multinational companies, the Government will introduce early 2015 customised incentives for Principal Hubs. This incentive is more comprehensive and attractive so as to enhance tax incentive scheme for regional and global hub activities such as OHQ, RDC, and IPC.

Impact• To complement the increasing trend of global offshore trading. This incentive will enable potential MNCs to leverage on Malaysia’s position in ASEAN and Asia Pacific by centralising their operations and decision making.

Services Sector Guarantee Scheme Amounting to RM5 billion for SMEs in the services sector, with a maximum financing of RM5 million together with 70% Government guarantee. The scheme is expected to benefit 4,000 SMEs:

• RM10 milllion for companies in knowledge sector to establish research centres• Reintroduce the Services Export Fund with fund RM300 million• RM20million for Franchise Scheme under KPDNKK and PNS

ImpactWill facilitate SMEs undertaking projects overseas by providing bridging finance for implementation of projects and for SMEs to establish their physical presence overseas to secure projects.

SMEs• Budget 2015 focuses on capital economy (macro policies, GDP growth, private sector

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investment, financial markets, etc.) as well as people economy (wage growth, SMEs, household expenditure, cost of living, jobs and family well-being).

• In line with the focus, the 2015 Budget has been very encouraging with continued support on SMEs and entrepreneurship development. A total of 18 specific programmes with financial allocation amounting to RM14.3 billion (vs RM2.8 billion in 2014) were announced for SME development covering services sector, Bumiputera entrepreneurs; youth; graduates; microenterprises; petty traders; women; smallholders; cooperatives; and associations.

• Budget 2015 is a windfall for SMEs in terms of access to financing. Two major financing platforms were introduced, i.e Shariah based Investment Account Platform (IAP) and SME Investment Partner (SIP). Both these programmes with a total allocation of RM525 million will provide financing for early stage SMEs. The SIP is a programme introduced under the SME Masterplan. In addition, the High Impact Programme 2 under the SME Masterplan, i.e. Technology Commercialisation Platform has received an additional allocation of RM50 million.

• The 2014 Budget is supportive of the long-term agenda towards achieving the SME Masterplan. The Government has also taken the necessary measures to ensure that SMEs are not adversely affected by the on-going policy reforms such as Goods and Services Tax which will come into effect on 1 April 2015.

Details of SME Development Programmes(i) Access to financing• S h a r i a h - c o m p l i a n t investment product in 2015 called the Investment Account Platform (IAP). IAP will provide opportunities to investors in financing entrepreneurial activities and developing viable SMEs. At the same time, IAP will be a platform to attract institutional and individual

investors including high net worth individuals to invest in the Islamic financial market. Initially, IAP will be implemented with a startup fund of RM150 million.

• Implementation of SME Investment Partner to provide SMEs financing assistance in the form of loans, equity or both, particularly at the startup stage. An initial fund totalling RM375 million will be provided for a period of five years, of which RM250 million is from SME Bank and RM125 million from private investors.

• RM10 million will be allocated for the Business Accelerator Programme under SME Corp. To enhance use of new technology, automation and innovation in the development of SMEs, RM80 million is allocated for a Soft Loan Scheme for Automation and Modernisation of SMEs under the Malaysian Industrial Development Finance Berhad. TEKUN to provide additional funds of RM500 million which will be distributed as follows: RM350 million is allocated for Bumiputera entrepreneurs to provide financing to nearly 33,000 new borrowers;

- RM50 million will be allocated to the Young Indian Entrepreneurs Financing Scheme that will benefit 5,000 Indian entrepreneurs;

- RM50 million will be allocated to the Young Professional Women Entrepreneurs Development Programme that will benefit 5,000 professional women; and

- RM50 million will be allocated to the Armed Forces Veteran Entrepreneur Development Programme that will benefit 5,000 veterans who were not on a pensionable scheme.

- To assist SME entrepreneurs from the Chinese community, the Government will provide soft loans totalling RM50 million, and RM30 million for hawkers and petty traders

• RM30 million allocated through Amanah Ikhtiar Malaysia (AIM) to inculcate the spirit of entrepreneurship among Indian women.

(iii) Innovation and Technology• Rebrand SIRIM. For this, an SME Technology Penetration

and Upgrading Programme and technology auditing will be implemented• T e c h n o l o g y Commercialisation Platform Programme by Agensi Inovasi Malaysia with an additional allocation of RM50 million.

(iv) Human capital development• Talent Corp will provide RM30 million for Industry Academia Collaboration programme where universities, Government entities and industries will collaborate to develop the curriculum for the internship programmes and industrial training. • To attract more expatriate entrepreneurs establish Startups in Malaysia, the paid-up capital for Startups is set at RM75,000. Eligible expatriate Startup entrepreneurs will be given Work Pass for one year.

(v) Bumiputera entrepreneurs

• Strengthening the role of the National Entrepreneurship Institute (INSKEN) as a Centre of Excellence for Bumiputera Entrepreneurship;• Further accelerate the Bumiputera Entrepreneurs Startup Scheme (SUPERB) with additional allocation of RM30 million.• Introducing pre-export programme for high-performing Bumiputera companies (TERAS) for enhanced branding, international certification and market surveys for Bumiputera products• Expanding carve-out and compete programme through meritocracy for Government and privatised projects including MRT second phase and Pan-Borneo Highway.• Lembaga Tabung Haji to allocate RM200 million for the establishment of the shariah-compliant Restricted Investment Account (RIA) under Bank Islam. The purpose of this account is to provide financing and credit between RM50,000 and RM1 million from January 2015; and • Amanah Ikhtiar Malaysia (AIM) will use internal sources of RM1.8 billion for financing to benefit 346,000 Sahabat AIM.

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(vi) Entrepreneurial development

• Enhance entrepreneurial talent among the youth through the programmes under Malaysian Global Innovation & Creativity Centre (MaGIC), SME Bank and Agro Bank as well as introduce Online Resource Centre and organise an international social entrepreneurship conference; • Youth Agropreneur Programme will be implemented under the purview of FAMA involving 1,200 youth and targeting a monthly income exceeding RM5,000; and

(vii) Agriculture sector

• RM6 billion to Ministry of Agriculture and Agro-Based Industry to implement the following initiatives:

From 2015 to 2017, the Government will establish 65 permanent farmers’ markets and 50 fish markets that will operate daily in selected locations.

Introduce a weekly auction programme for quality vegetables at reasonable prices at 85 FAMA Trading Operation Centres and selected farmers’ markets nationwide;

Accelerating planting and replanting of fruit trees such as durian, mangosteen, langsat, rambutan as well as intensifying Jom Bertani Programme so the rakyat can cultivate cash crops and vegetables for their own consumption; and

Providing RM100 million matching grant to Farmers’ Organisation Authority to enable the members to obtain loans to improve farm productivity and marketing channels. • RM60 million is allocated to accelerate aquaculture activities such as cage farming of fish, shrimp, mussels and oysters to diversify sources of income of fishermen who are affected especially during the monsoon season.

• RM27 million is allocated

to install Automatic Identification System on fishing boats to increase fish landing, ensure the fishing boats’ bearings are according to landing zones and reduce operating costs.

Bumiputera TINDAKAN 1: Meningkatkan Pemilikinan Ekuiti Bumiputera

• Impak adalah dengan penambahan peruntukan sebanyak RM600 juta ini akan dapat membantu meningkatkan penyertaan syarikat Bumiputera dalam syarikat persendirian dan juga GLC. Ini adalah selaras dengan agenda untuk memperkasakan ekonomi pembangunan Bumiputera.

• MITI berperanan jugauntuk meningkatkan penyertaan Bumiputera dalam pasaran saham menerusi skim saham Khas Bumiputera (SKB) di mana setiap syarikat yang ingin melaksanakan Initial Public Offerings (IPOs) perlu memperuntukkan sebanyak 12.5% saham khas Bumiputera yang akan diagihkanolehMITI.

TINDAKAN 2: Memantapkan Keushawanan Bumiputera

• Berhubung dengan peningkatan keusahawanan Bumiputera, inisiatif yang digariskan dalam Bajet 2014 sememangnya dapat memperkasakan ekonomi Bumiputera. Pemindahan INSKEN ke TERAJU adalah tepat padamasanya.

• Langkah-langkah untukmemperkukuhkan INSKEN, penambahan peruntukan termasuk Sabah dan Sarawak akan membantu memperkukuhkan keusahawanan Bumiputera. Program-programini juga akan saling melengkapi kepada program-program yangtelahdilaksanakanolehMITIsepertigroom BIG, VDP dan SDSI.

• Darisegimenembusipasaranantarabangsa kerjasama hendaklah diadakandenganMATRADEsebagaiAgensipengeskportnegaradimanadengan rangkaian pejabatnya di luar Negara,MATRADE bersedia untukmenyediakan pelbagai bantuan seperti maklumat risikan pasaran dan hubungan perniagaan dengan syarikat pengimport di luar negara. Ini bagi memastikan supaya usaha pembangunan keupayaan yang

dicadangkan dapat membuahkan hasil dalam bentuk eksport sebenar.

• Di samping itu MITImengalu-alukanuntukmeluaskanprogram ‘carve out and compete’. Ini akan menyediakan lebih banyak peluang kepada Bumiputera kepada projek Kerajaan dan swasta.

• MITI telah melaksanakanbeberapa program pembangunan keusahawanan. Selaras dengan agenda ini, program pembangunan berkenaan termasuk:

- Program pembangunanvendor (VDP), di mana di bawah program ini, setiap GLC perlu mempunyai KPI bagi melaksanakan program VDP in. Program ini akan dikembangkan bukan sahaja di kalangan GLC tapijugakeatassyarikat-syarikatbesar.

- Program peningkatankualiti produk dan perkhidmatan atau Grooming Big. Program ini bertujuan untuk membantu usahawan meningkatkan keupayaaan pengurusan perniagaan melalui modul-modul yang dirangka khas bagi tujuan meningkatkan keupayaan keusahawanan di kalangan syarikat-syarikat bumiputera. Disamping itu, program ini memberi penekanan pembangunan produk, kapasiti pengeluaran serta pengembangan pasaran. Melalui program ini syarikat menjadi berdaya maju dan berdaya tahan serta membantu syarikat memasuki pasaran domestik dan seterusnya ke luar negara.

- Program SDSI, memberipenekanan kepada pembangunan perniagaan di peringkat akar umbi iaitu satu produk satu daerah. Di samping itu juga, program ini menekankan pembangunan daya upaya kepada para usahawan yang terlibat.

Ministry of International Trade and IndustryMalaysia10 October 2014

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Malaysia’s Budget 2015

FEDERAL GOVERNMENT BUDGET 2015

ECONOMY 2015

DOMESTIC PRODUCTION DOMESTIC

DEMAND

IMPORTS

WHERE IT COMES FROM BORROWINGS DEVELOPMENT

EXPENDITUREWHERE IT

GOES

REVENUEOPERATING

EXPENDITURE

EXTERNAL DEMAND

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MITI Weekly Bulletin / www.miti.gov.mySource:http://www.treasury.gov.my

At constant 2005 prices

MALAYSIA

Notes: % refer to y-o-y growth IPI* refer to Industrial Production Index

Manufacturing Indicators Jan - Aug 2014

ExportsRM386.5 bil.

10.1%

Imports

5.9%

IPI*

4.8%

Employment

1.7% 7.0%

Salaries & Wages Sales

7.3%

Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my

17.6%11.1%

5.8% -2.0%7.3%

Manufacturing Sales PerformanceJan - Aug 2014

Jan - Aug2010

Jan - Aug2011

Jan - Aug2012

Jan - Aug2013

Jan - Aug2014

RM35

2.2 bi

l.

RM39

1.1 bi

l.

RM41

4.0 bi

l.

RM40

5.5 bi

l.

RM43

5.3 bi

l.

Notes: % refer to y-o-y growth

RM389.1 bil. 113.8

1,033,403 persons RM22.8 bil. RM435.3 bil.

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1,000

1,005

1,010

1,015

1,020

1,025

1,030

1,035

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

1,0

23

1,0

16

1,0

25

1,0

24

1,0

26

1,0

22

1,0

18

1,0

16

1,0

15

1,0

14

1,0

15

1,0

18

1,0

29

1,0

21

1,0

25

1,0

27

1,0

29

1,0

32

1,0

31

1,0

33

Source : Department of Statistics, Malaysia

Manufacturing Indicator: EmploymentJan 2013 - Aug 2014


Industrial Production Index Jan - Aug 2014

Source : Department of Statistics, Malaysia

Employment (‘000 persons)

Employment

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2013 2014

Note: % refer to y-o-y growth

(base: 2010=100)

Jan- Aug 2014

Jan- Aug 2013

Growth Rate

Electricity Index Overall Index

Mining Index Manufacturing Index

97.0 120.8 113.397.2 -0.2% 6.7%

118.5 113.8 108.6112.8 5.1% 4.8%

International Reserves of MalaysiaInternational Reserves (with Main Components) 15 September 2014

Total Gross International Reserves 131.5 Foreign Currency Reserves 120.1 IMF Reserve Position 1.0 Special Drawing Rights (SDRs) 2.0 Gold 1.5 Other Reserve Assets 6.9

USD Billion

Source : Bank Negara Malaysia

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INTERNATIONAL REPORTIndonesia’s Trade Performance Jan- Aug 2014/13

Total Trade Exports Imports

244,

080.

00

119,

240.

30

124,

839.

70

236,

252.

40

117,

423.

80

118,

828.

60 U

S$ m

illio

n

Jan-Aug 2013Jan-Aug 2014

-1.52% -4.82%

-3.21%

Note: % refer to y-o-y growthSource: www.bps.go.id

“Our ASEAN Neighbours”

Sources:http://www.bsp.gov.ph/statisticshttp://en.wikipedia.org


PricesInflation Rate4.4% (Q2 2014)

Area300,000 km2

120,000 sq mi

PopulationTotal Population

100,617,630 July 27, 2014 estimate

Financial Account

Net Foreign Direct Investment

US$1,722 mil.

Gross International Reserves

US$80,733 mil.

Philippines

1,984.95

2,564.883,219.09

1,062.41

-1,234.14

1,502.47

-1,500

-500

500

1,500

2,500

3,500

4,500

2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan -Aug2014

USD million Export Import Trade balance

K e y E c o n o m i c I n d i c a t o r s

NationalAccount

Real GDP Growth Rate

6.4% ( Q2 2014)

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LabourUemployment Rate

7.0 % (Q2 2014)

Trade With Malaysia, 2005 - Aug 2014

External Trade (Q2 2014)

Exports: US$15,496 mil.Imports: US$15,125 mil.

Total Trade: US$30,621 mil.

12

3 4 58

9 10

Source: http://skyscraperpage.com MITI Weekly Bulletin / www.miti.gov.my

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Name : Burj KhalifaCity : DubaiBuilt : 2010Floors : 163Use : Mixed useHeight : 828 m 1 2

Name : Makkah Royal Clock Tower HotelCity : Mecca,Saudi ArabiaBuilt : 2012Floors :120Use : HotelHeight : 601 m

Name : Shanghai World Financial CenterCity : ShanghaiBuilt : 2008Floors :101Use : Mixed useHeight : 492 m

Name : International Commerce CenterCity : Hong Kong Built : 2010Floors :108Use : Mixed useHeight : 484m

3 4

5

9

10

Ten Tallest Skyscrapers In The World, 2014

8

Name : Taipei 101City : TaipeiBuilt : 2004Floors :101Use : officeHeight : 508 m

6&7Name : Petronas Towers 1 & 2City : Kuala LumpurBuilt : 1998Floors : 88Use : OfficeHeight : 451.9 m

Name : Willis TowerCity : Chicago Built : 1974Floors : 108Use : OfficeHeight : 442 m

Name : KK100City : Shenzhen Built : 2011Floors : 100Use : Mixed useHeight : 442 m

Name : Nanjing Greenland Financial ComplexCity : NanjingBuilt : 2010Floors : 89Use : Mixed useHeight : 450 m

6&7MALAYSIA

Source: Ministry of International Trade and Industry, Malaysia

Number and Value of Preferential Certificates of Origin (PCOs)

Number of CertificatesValue of Preferential Certificates of Origin

AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009)

ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)

AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)

Value of Preferential Certificates of Origin

Number of Certificates

MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)

MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)

Number of Certificates

Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway and Liechtenstein.

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)



MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)

MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

AANZFTA AIFTA AJCEP ATIGA ACFTA AKFTA

17 Aug 2014 923 608 183 4,533 1,300 740

24 Aug 2014 921 641 211 4,797 1,541 883

31 Aug 2014 863 617 140 4,295 1,412 689

7 Sep 2014 891 571 240 4,243 1,508 754

14 Sep 2014 1,011 604 267 4,814 1,362 739

21 Sep 2014 757 517 102 4,435 1,132 689

28 Sep 2014 1,107 553 188 4,830 1,269 714

5 Oct 2014 849 560 263 4,664 1,237 757

MICECA MNZFTA MCFTA MAFTA

17 Aug 2014 305 4 44 41624 Aug 2014 345 3 84 44931 Aug 2014 323 12 66 3367 Sep 2014 317 3 73 406

14 Sep 2014 315 13 74 36421 Sep 2014 326 8 60 49828 Sep 2014 331 3 45 4705 Oct 2014 349 8 51 342

MJEPA MPCEPA GSP

17 Aug 2014 659 188 10924 Aug 2014 882 184 18031 Aug 2014 822 160 1457 Sep 2014 877 172 123

14 Sep 2014 782 97 14921 Sep 2014 825 128 15128 Sep 2014 856 143 1255 Oct 2014 901 208 138

17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 OctAANZFTA 101 98 89 84 93 75 105 69AIFTA 164 194 161 166 156 121 118 142AJCEP 50 70 82 106 214 296 76 78

0

50

100

150

200

250

300

350

RM m

illio

n

17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 OctATIGA 4,493 9,254 9,125 710 679 715 836 802ACFTA 354 829 739 632 819 601 721 490AKFTA 138 648 312 144 298 405 231 110

0

2,000

4,000

6,000

8,000

10,000

12,000

RM m

iliio

n

17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 OctMICECA 63.28 46.40 54.69 42.14 38.00 30.88 38.33 44.93MNZFTA 0.11 0.03 0.32 0.32 0.24 0.20 0.03 0.11MCFTA 7.37 11.74 8.08 9.47 8.66 6.68 4.74 6.03MAFTA 27.45 36.14 28.93 31.68 25.12 30.61 36.49 30.24

0

10

20

30

40

50

60

70

RM

mill

ion

17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 OctMJEPA 108 608 384 137 249 161 146 113MPCEPA 78 24 82 49 36 28 34 70GSP 15 30 23 21 29 24 20 26

0

100

200

300

400

500

600

700

RM m

illio

n

MITI Weekly Bulletin | www.miti.gov.my

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0.2850.2900.2950.3000.3050.3100.3150.3200.3250.3300.335

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

2013 2014

US

Dol

lar

Malaysia Ringgit (MYR)

1 MYR = USD 0.31

0.7700.7750.7800.7850.7900.7950.8000.8050.8100.8150.820


2013 2014

US

Dol

lar

Singapore Dollar (SGD)

1 SGD = USD 0.79

0.1570.1580.1590.1600.1610.1620.1630.1640.1650.166


2013 2014

US

Dol

lar

Chinese Yuan (CNY)

1 CNY = USD 0.16

0.028

0.029

0.030

0.031

0.032

0.033

0.034

0.035


2013 2014

US

Dol

lar

Thai Baht (THB)

1 THB = USD 0.031

0.00000

0.00002

0.00004

0.00006

0.00008

0.00010

0.00012


2013 2014

US

Dol

lar

Indonesian Rupiah (IDR)

1 IDR = USD 0.0001

0.021

0.022

0.022

0.023

0.023

0.024

0.024

0.025

0.025


2013 2014

US

Dol

lar

Philippine Peso (PHP)

1 PHP = USD 0.023

0.000047

0.000047

0.000047

0.000047

0.000047

0.000048

0.000048

0.000048

0.000048


2013 2014

US

Dol

lar

Vietnamese Dong (VND)

1 VND = USD 0.00005

0.000

0.002

0.004

0.006

0.008

0.010

0.012


2013 2014

US

Dol

lar

Japanese Yen (JPY)

1 JPY = USD 0.009

Major Currencies against US Dollar, Jan 2013 - Sept 2014

Source : http://www.freecurrencyrates.com MITI Weekly Bulletin / www.miti.gov.my

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Source : http://www.gold.org/investments/statistics/gold_price_chart/

US$/MT

Aluminium, Nickel and Copper PricesJan 2013- Sept 2014


Gold Gold (US$/gramme)

Silver (US$/oz)

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Silver

2,038 1,990

8,047 6,872

17,473 18,035

0

5000

10000

15000

20000

25000

Jan 13 Feb 13Mar 13Apr 13May 13Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14Mar 14Apr 14May 14Jun 14 Jul 14 Aug 14Sept 14

Nickel Copper Aluminium

Gold and Silver PricesJan 2013 - 3 Oct 2014

38.7 39.44

20.16

17.34

15

17

19

21

23

25

27

29

0

10

20

30

40

3 J

an

10 J

an

17 J

an

24 J

an

30 J

an

7 F

eb

14 F

eb

21 F

eb

28 F

eb

7 M

ar

14 M

ar

21 M

ar

28 M

ar

4 A

pr

11 A

pr

18 A

pr

25 A

pr

2 M

ay

9 M

ay

16 M

ay

23

May

30

May

6 J

un

13

Ju

n

20

Ju

n

27

Ju

n

4 J

ul

11

Ju

l

18

Ju

l

1 A

ug

8 A

ug

15

Au

g

22

Au

g

29

Au

g

5 S

ep

t

12

Se

pt

19

Se

pt

26

Se

pt

3 O

ct


“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


Commodity Price Trends

864

864 822

792

750720

693 697

710

705

726

822

600

650

700

750

800

850

900

11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 sept 12 sept 19 sept 26 sept 3 oct

US

$/m

t

Crude Palm Oil1,687.0

1,671.5

1,695.5

1,660.5

1,666.5

1,647.51,614.5

1,507.01,529.0 1,453.0

1,422.0

1,433.5

1300

1350

1400

1450

1500

1550

1600

1650

1700

1750


US

$/m

t

Rubber SMR 20

2,705.7

2,736.1

2,789.1

2,819.4

2,827.0

2,827.02,683.0

2,674.2

2,734.82,886.4

2,840.9

2,674.2

2550

2600

2650

2700

2750

2800

2850

2900

2950


US

$/M

T

Cocoa 367.5

366.0354.3

339.5

340.5

337.5

345.5

333.5

334.8

339.5

336.3345.3

300

310

320

330

340

350

360

370

380


US

$/M

T

Raw Sugar

102.8

101.6 98.5

95.7 93.8

94.5

94.6

91.5

93.197.0

91.0

90

92

94

96

98

100

102

104

11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct

US

$/b

bl

Crude Petroleum

150.5

154.6

139.9

137.4

124.0

114.8

127.2

137.1

134.2

132.6

136.3

135.8

128.1

121.4

111.8

114.6

100.6

92.7

96.1

92.6

82.4

0

20

40

60

80

100

120

140

160

180

13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep

US

$/d

mtu

Iron Ore380.0 380.0

370.0 370.0

365

370

375

380

385

4 Jul 11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep

US$

/mt

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

60.2

60.5

60.5

60.0

60.1

59.057.2

56.5

56.5

54.5 51.452.8

46

48

50

52

54

56

58

60

62

11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct

US

$/m

t

Coal

Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group

Source :

2013 2014

Crude Petroleum (3 October 2014)US$83.8 per bbl

Crude Palm Oil(3 October 2014)US$822.0 per MT

Highest & Lowest Prices, 2013/2014

3 October 2014 domestic prices for :1. Billets (per MT) : RM1,700 - RM1,7502. Steel bars (per MT) : RM1,900 - RM2,050

Commodity Prices

Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated

Source :

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


CommodityCrude

Petroleum (per bbl)

Crude Palm Oil (per MT)

Raw Sugar

(per MT)

Rubber SMR 20(per MT)

Cocoa SMC 2

(per MT)

Coal(per MT)

Scrap Iron HMS

(per MT)3 Oct 2014

(US$) 83.8 822.0 345.3 1,433.5 2,674.2 52.8 380.0 (high)370.0 (low)

% change* 7.8 13.2 2.7 0.8 5.9 2.7 unchangedunchanged

2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6

2012i 77.7 - 109.5 1,000.4 473.8 952.5 2,128.9 .. 444.7

2011i 80.3 - 112.7 1,124.0 647.0 1,348.3 2,644.8 .. 491.0

Lowest

(US$ per bbl)

Highest(US$ per bbl)

Highest(US$ per MT)

Lowest

(US$ per MT)2014

26 Sept 2014: 107.62013

6 Sept 2013: 110.2

20143 Oct 2014: 83.8

201319 Apr 2013: 88.1

201414 Mar 2014: 982.5

201315 Nov 2013: 925.0

201429 Aug 2014: 693.0

20134 Jan 2013: 800.0

Success Story

CONTACT :

Seasonings Specialities produces and distributeds food seasoanings, spice oleoresins,essesntial oils,natural colours and food flavours for the food processing industry. Founded in 1997 and located in Kepong, Kuala Lumpur, the company has increased its range over the years to include over 200 seasoning-related products which are used in various food processing industries. Since their establishment, the company become an active member of the Federation of Malaysian Manufacturers (FMM), Malaysia

External Trade Development Corporation (MATRADE), Halal Industry Development Corporation (HDC) and SME Corporation Malaysia (SME Corp). The Company have built up their company through full dedication and professionalism, and their guiding principles are a combination of traditional business ethics and contemporary flexibility which ensure higher and better performance and industrial benchmarking as its move forward.

Their organizational structure is based upon a flexible work model to encourage quick decision making. In addition, its also stress on high performance productivity, on-time product delivery, reasonable pricing and customization. Their strong organizational structure along with the company’s good reputation and their vast array of highly skilled professionals who are consistently looking forward to achieving highest effectiveness and

efficiency in all work aspects, drive their company to a stronger growth in the future.

Seasonings Specialities has been listed as SME100 Malaysia’s Fast Moving Companies 2010 by SME & Entrepreneurship Magazine and they are also the HDC Focused Companies 2011 - 2012. Seasonings Specialities is proud to play the role and responsibility in manufacturing a wide range of products to satisfy the needs of multiracial Malaysian and global customers in the food industries.

Since being certified as a National Mark of Malaysian Brand company in 2012, Seasonings Specialities has seen its reputation enhanced both locally and internationally. The company has leveraged on the certification to do work with a Bangladesh-based company on product development for snack foods.

With the support of SME Corp.Malaysia, Seasoning Specielities is looking forward to making a bigger impact in both domestic and worldwide markets

Address : 102,Jalan Perdana Metro Barat 13, Sri Edaran Park,Off Jalan Kepong , 52100 , Kuala Lumpur , Malaysia.Tel : 603-6258 7181 / 603-6258 9181 / +603-6241 0849Fax : 603-6251 7499Email : [email protected]


“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Sukan MITI 201410 OCT 2014

Anugerah Inovasi Sektor Awam (AISA) 2014

Name : Mar ina ZainalDesignation : Assistant Officer of

Information TechnologyJob Description : Responsible for assisting

system maintenance andindustry development apps

Email : [email protected] Details : 03-62032407

Name : Hal idawat i IbrahimDesignation : Assistant Officer of

Information TechnologyJob Description : Responsible for assisting

system maintenance andindustry development apps

Email : [email protected] Details : 03-62032429

Dear Readers,Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish letters as reprints. http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c

Comments & Suggestions

MITI


“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

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