MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as...

16
MITI Weekly Bulletin (MWB) Mobile Apps MITI MWB APPs is now available for IOS, Android and Windows platforms and is ready for download from the Gallery of Malaysian Government Mobile APPs ( GAMMA). MITI in the News Generation of New Exporters (GenEX) Programme to Boost Bumiputera’s Youth Engagement in Export Malaysia External Trade Development Corporation (MATRADE) in a collaboration with Generasi Muda Berjaya (GMB) launched a specialised programme targeting Bumiputera youth called Generation of New Exporters (GenEX). The programme was launched at Menara MATRADE today by Minister of International Trade & Industry YB Dato’ Sri Mustapa Mohamed. Aimed at increasing Bumiputera youth’s involvement in export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed at Kongres 2015, organised recently by GMB. MATRADE’s MATRADE, 11 February 2016 Chief Executive Officer Dato’ Dzulkifli Mahmud said, “The programme is timely and will help push the youth in business to venture more into export. MATRADE as the country’s trade promotion agency will render its full support in terms of capacity building for the participants in this programme.” Via the programme, GMB will be scouting for 100 youth-owned companies in Malaysia to be GenEX’s participants. The criterion for the participants are – Malaysian Bumiputera youth companies, provide any high-potential products/services, have a sound business plan, apply good ethics and best practices in business and are export-ready. Of the 100 participants, 30 will stand a chance to start exporting their products or services to five countries namely United Kingdom, Dubai, Singapore, the Netherlands and Qatar. In the programme, the youth business owners also will have an opportunity to pitch for fund for their export business. GMB’s President Agil Faisal Ahmad Fadzil mentioned, “Companies that are not selected will still be able to market their offerings through the Malaysian Brand Outlet (MBO) in Singapore’s Arab Street and MBO Kedai Mesra.” In an effort to accelerate Malaysia’s performance in export, the Government through its ministries and agencies will continue to encourage more Malaysian companies to be part of export. Malaysian youth who are business owners have been recognised as the main players in helping the nation move towards this direction. “This strategic collaboration between MATRADE and GMB will not only generate new talents in export but allow youth-owned businesses to be the catalyst to job creations, apart from increasing the country’s income through export,” Dato’ Dzulkifli opined. He adds that Malaysian youth-owned companies should also leverage on MATRADE’s 46 international offices to link with potential buyers from around the world.

Transcript of MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as...

Page 1: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

MITI Weekly Bulletin (MWB) Mobile Apps

MITI MWB APPs is now available for IOS, Android and Windows platforms and is ready for download from the Gallery of Malaysian Government Mobile APPs ( GAMMA).

MITI in the NewsGeneration of New Exporters (GenEX) Programme to Boost

Bumiputera’s Youth Engagement in Export Malaysia External Trade Development Corporation (MATRADE) in a collaboration with Generasi Muda Berjaya (GMB) launched a specialised programme targeting Bumiputera youth called Generation of New Exporters (GenEX). The programme was launched at Menara MATRADE today by Minister of International Trade & Industry YB Dato’ Sri Mustapa Mohamed.

Aimed at increasing Bumiputera youth’s involvement in export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed at Kongres 2015, organised recently by GMB. MATRADE’s

MATRADE, 11 February 2016

Chief Executive Officer Dato’ Dzulkifli Mahmud said, “The programme is timely and will help push the youth in business to venture more into export. MATRADE as the country’s trade promotion agency will render its full support in terms of capacity building for the participants in this programme.”

Via the programme, GMB will be scouting for 100 youth-owned companies in Malaysia to be GenEX’s participants. The criterion for the participants are – Malaysian Bumiputera youth companies, provide any high-potential products/services, have a sound business plan, apply good ethics and best practices in business and are export-ready.

Of the 100 participants, 30 will stand a chance to start exporting their products or services to five countries namely United Kingdom, Dubai, Singapore, the Netherlands and Qatar. In the programme, the youth business owners also will have an opportunity to pitch for fund for their export business. GMB’s President Agil Faisal Ahmad Fadzil mentioned, “Companies that are not selected will still be able to market their offerings through the Malaysian Brand Outlet (MBO) in Singapore’s Arab Street and MBO Kedai Mesra.”

In an effort to accelerate Malaysia’s performance in export, the Government through its ministries and agencies will continue to encourage more Malaysian companies to be part of export. Malaysian youth who are business owners have been recognised as the main players in helping the nation move towards this direction.

“This strategic collaboration between MATRADE and GMB will not only generate new talents in export but allow youth-owned businesses to be the catalyst to job creations, apart from increasing the country’s income through export,” Dato’ Dzulkifli opined. He adds that Malaysian youth-owned companies should also leverage on MATRADE’s 46 international offices to link with potential buyers from around the world.

Page 2: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Manufacturing Performance 2015Malaysia

Sources : Ministry of Finance, Malaysian Investment Development Authority and Department of Statistics, Malaysia.

GDP1 (constant 2010 prices)

RM243.4 billion4.5% growth*, 22.9% of total GDP

TradeTotal Trade: RM1,226.2 billion

Exports: RM625.5 billion

Imports: RM600.7 billion

4.2% growth*, 83.7% of total trade

6.5% growth*, 80.2% of total exports

1.9% growth*, 87.6% of total imports

SalesRM664.3 billion1.2% growth*

Employment1,027,044 persons-0.4% growth*

Industrial Production Index (IPI) (2010=100)

128.94.8% growth*

Approved Investments#

RM67.7 billion7.0% growth*

1 Estimate from MOF Report 2015/2016 # January - September 2015* y-o-y growth

Notes:

Trade, 2005 - 2015

43

5.7

47

7.1

47

8.2

49

5.8

43

4.9

48

9.6

50

7.4

52

1.7

54

8.1

58

7.2

62

5.5

38

5.6

42

1.8

43

8.0

44

4.0

37

4.2

45

7.0

48

1.3

51

1.8

55

9.8

58

9.7

60

0.7

821.3

1,226.2

0

200

400

600

800

1,000

1,200

1,400

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

RM billion

Exports Imports Total trade

GDP, 2005 - 20151

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

54

3.5

57

3.9

61

0.1

63

9.6

62

9.9

82

1.4

86

4.9

91

2.3

95

5.3

1,0

12

.5

1,0

63

.5

RM billion

Approved Investments, 2005 - 2015#

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

31.1

46.0

59.9 62.8

32.6

47.256.1

41.1

52.1

71.967.7

RM billion

Page 3: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Manufacturing Performance, 2010 - 2015

Source : Department of Statistics, Malaysia

2010 2011 2012 2013 2014 2015

532.7 586.1 617.5 620.6 656.5 664.3

RM billion

2010 2011 2012 2013 2014 2015

981,

022

987,

123

1,00

6,55

6

1,01

8,38

3

1,03

1,22

6

1,02

7,04

4

Persons

2010 2011 2012 2013 2014 2015

100.0 105.7 111.3 116.0 123.0 128.9

Index (2010=100)

Employment

Sales

IPI

Page 4: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

and You’‘ASEAN Special

Committee Meeting (Part 4)Strategic Measures of Respective Sectoral Bodies

Page 5: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Buku kecil TPPA di dalam versi PDF boleh dimuat turun melalui pautanhttp://fta.miti.gov.my/miti-fta/resources/MITI_TPPA.

Page 6: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

International Repor t

Top 10 and Selected ASEAN Global Manufacturing

Competitiveness Ranking 2016

Source : http://www.compete.org/storage/documents/Council__Deloitte_2016_Global_Manufacturing_Competitiveness_Index.pdf

For the 2016 Index, Global CEOs point to talent, cost competitiveness, andworkforce productivity as the top three drivers of manufacturing competitiveness.

100.0* China1 2 3 499.5*

USA93.9* Germany

80.4* Japan

76.7* ROK5 6 7 875.8*

UK72.9* Taiwan

69.5* Mexico

68.7* Canada9 10 68.4*

Singapore60.4* Thailand

59.0* Malaysia14 17

18 56.5* Viet Nam

55.8* Indonesia19

Note: * Index score

Page 7: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Source : http://www.amusingplanet.com/2016/01/the-circular-laguna-garzon-bridge-in.html and http://www.citylab.com/design/2016/01/this-circular-bridge-actually-has-a-point/424944/

Laguna Garzón Bridge Laguna Garzón Bridge is bridge famous for its unusual circular shape, which stretches across Laguna Garzón between the cities of Rocha and Maldonado on the southern coast of Uruguay, replaces a traditional raft crossing. The reason why the architect use such unconventional design is to encourage drivers to slow down the speed of their cars while also provide opportunity to enjoy the panoramic views of this amazing landscape. The bridge also has a pair of pedestrian walkways.

Design : Circular bridgeCarries : 2 lanes of roadway (1 either side of circle), pedestrians and bicycles Crosses : Garzón lagoonArchitect : Rafael ViñolyProject cost : $11 millionBuilt period : September 2014 - December 2015

Page 8: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

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)

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)

MTFTA: Malaysia-Turkey Free Trade Agreement (Implemented since 1 August 2015)

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

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

13 Dec 20 Dec 27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 JanAANZFTA 483 58 67 92 181 98 90 442AIFTA 170 154 83 135 230 124 136 183AJCEP 57 94 29 132 56 63 65 114

0

100

200

300

400

500

600

RM m

illio

n

13 Dec 20 Dec 27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 JanATIGA 809 786 604 668 956 769 647 6,780ACFTA 483 625 553 476 4,788 684 402 484AKFTA 909 138 95 545 694 326 174 316

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

RM

mill

ion

13 Dec 20 Dec 27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 JanMICECA 31.11 26.04 615.68 38.42 125.81 35.69 44.24 49.69MNZFTA 0.70 0.02 0.19 0.51 1.30 0.78 0.14 0.02MCFTA 7.77 5.45 4.87 6.54 28.29 22.56 5.07 56.35MAFTA 36.28 25.58 32.00 30.26 48.95 55.37 41.58 76.69

-100

0

100

200

300

400

500

600

700

RM m

illio

n13 Dec 2015 20 Dec 2015 27 Dec 2015 31 Dec 2015 10 Jan 2016 17 Jan 2016 24 Jan 2016 31 Jan 2016

AANZFTA 863 518 516 812 1,065 929 817 825

AIFTA 732 649 411 672 613 646 626 676

AJCEP 178 205 72 247 244 217 208 229

ATIGA 4,782 3,995 2,891 3,873 4,100 4,570 4,368 3,645

ACFTA 1,673 1,541 989 1,555 1,432 1,383 1,136 867

AKFTA 770 772 573 691 820 865 861 959

MICECA 280 239 224 277 287 284 289 311

MNZFTA 18 1 2 3 12 13 7 3

MCFTA 60 39 16 44 71 66 36 69

MAFTA 449 281 294 326 570 463 489 370

MJEPA 674 647 528 913 836 898 758 888

MPCEPA 197 169 106 145 139 177 167 151

GSP 166 104 94 103 134 165 100 130

MTFTA 174 163 120 187 282 196 148 187

13 Dec 20 Dec 27 Dec 31 Dec 10 Jan 17 Jan 24 Jan 31 JanMJEPA 131 107 73 168 129 135 129 169MPCEPA 66 32 711 19 23 53 47 40GSP 30 18 19 24 30 41 19 20MTFTA 82 46 31 70 108 122 203 133

100

0

100

200

300

400

500

600

700

800

RM m

illio

n

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates (Provisional data)

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

Source: Ministry of International Trade and Industry, Malaysia

Page 9: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Source : Bank Negara Malaysia

15.8

15.7

13.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

9 Oc

t16

Oct

23 O

ct30

Oct

6 No

v13

Nov

20 N

ov27

Nov

4 De

c11

Dec

18 D

ec24

Dec

31 D

ec8

Jan

15 Ja

n22

Jan

29 Ja

n5

Feb

12 Fe

b

US$/Oz Silver

980.0960.0

800.0

850.0

900.0

950.0

1000.0

1050.0

9 Oc

t16

Oct

23 O

ct30

Oct

6 No

v13

Nov

20 N

ov27

Nov

4 De

c11

Dec

18 D

ec24

Dec

31 D

ec8

Jan

15 Ja

n22

Jan

29 Ja

n5

Feb

12 Fe

b

US$/Oz Platinum

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

http://online.wsj.com/mdc/public/page/2_3023-cashprices.html?mod=topnav_2_3023

Gold Prices, 9 October 2015 - 12 February 2016

Silver and Platinum Prices, 9 October 2015 - 12 February 2016

37.0

39.9

33.0

34.0

35.0

36.0

37.0

38.0

39.0

40.0

41.0

9 Oc

t

16 O

ct

23 O

ct

30 O

ct

6 No

v

13 N

ov

20 N

ov

27 N

ov

4 De

c

11 D

ec

18 D

ec

24 D

ec

31 D

ec

8 Ja

n

15 Ja

n

22 Ja

n

29 Ja

n

5 Fe

b

12 F

eb

US$/Gram Gold

Malaysian Ringgit Exchange Rate with Pound Sterling and Chinese Yuan

0.520.540.560.580.600.620.640.660.680.70

5.005.205.405.605.806.006.206.406.606.80

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

2015 2016

GBP = RM CNY = RM

CNY = RM 0.66

GBP = RM 6.27

Page 10: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Commodity

Crude Petroleum

(Brent) (per bbl)

Crude Palm Oil (per MT)

Sugar (per lbs.)

Rubber SMR 20(per MT)

Cocoa SMC 2

(per MT)

Coal(per MT)

Scrap Iron HMS

(per MT)

12 Feb 2016 (US$) 33.4 612.0 13.1 1,063.0 2,096.6 47.5 190 (high)

160 (low)

% change* 2.1 5.7 1.1 3.1 5.2 0.1 5.6unchanged

2015i 36.9 - 66.8 616.9 13.2 1,364.3 2,077.0 49.9 239.6

2014i 59.5 - 114.8 823.3 16.6 1,718.3 2,615.8 59.8 370.0

Commodity Prices

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 n.a Not availble

Sources: 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.

Highest and Lowest Prices, 2015/2016

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum(Brent)

(12 Feb 2016)US$33.4 per bbl

201515 May 2015: 66.8

201518 Dec 2015: 36.9

201629 Jan 2016: 34.7

201615 Jan 2016: 28.9

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (12 Feb 2016)

US$612.0 per MT

201516 Jan 2015: 701.0

20154 Sep 2015: 500.5

201612 Feb 2016: 612.0

201615 Jan 2016: 545.5

Steel Bars(per MT)

RM1,500 – RM1,600

Average Domestic Prices, 12 Feb 2016

Billets(per MT)

RM1,150 – RM1,200

Page 11: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends

543.0

552.5

561.5 560.0

554.0

572.5566.9

545.5 546.0

566.5

579.0

612.0

500

520

540

560

580

600

620

27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb

US$

/mt

Crude Palm Oil

2,056.7

2,020.2

2,052.62,040.8

1,987.82,006.1

2,009.3

1,797.2

1,854.7

1,959.4

2,003.51,993.2

2,096.6

1,750

1,800

1,850

1,900

1,950

2,000

2,050

2,100

2,150

20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb

US$

/mt

Cocoa

15.0

15.5

14.6

15.1 15.115.2

14.5

14.9

14.4

13.113.3

13.1

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5

16.0

27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb

US$

/lbs

Sugar

1,158.0

1,176.0

1,174.5

1,157.5

1,176.5

1,133.5

1,076.01,081.5

1,118.5

1,088.51,097.5

1,063.0

1,000

1,020

1,040

1,060

1,080

1,100

1,120

1,140

1,160

1,180

1,200

27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb

US$

/mt

Rubber SMR 20

7,591

7,286 7,267

7,853

7,148 7,063

7,296

6,742

6,940 7,029

6,963

7,008

6,900

7,201

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500

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

2015 2016

USD

/ to

nne

Black Pepper

* until 12 February 2016

40.4

41.7

40.0

35.634.7

38.137.0

33.2

29.4

32.2

33.6

30.9

29.4

44.7 44.9

43.0

37.936.9

37.937.3

33.6

28.9

32.2

34.734.1

33.4

26

28

30

32

34

36

38

40

42

44

46

48

50

20 Nov 27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb

US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

Page 12: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends

230.0 230.0

210.0

195.0

190.0 190.0 190.0 190.0

200.0 200.0

180.0

190.0

210.0 210.0

195.0

175.0

170.0 170.0 170.0 170.0 170.0 170.0

160.0 160.0

140

150

160

170

180

190

200

210

220

230

240

11 Sep 25 Sep 9 Oct 30 Oct 6 Nov 20 Nov 27 Nov 18 Dec 31 Dec 8 Jan 29 Jan 12 Feb

US$

/mt

Scrap Iron

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

46.0

46.646.5

47.447.5 47.5 47.5

47.847.8

47.7

47.447.5 47.5

45.5

46.0

46.5

47.0

47.5

48.0

20 Nov27 Nov 4 Dec 11 Dec 18 Dec 24 Dec 31 Dec 8 Jan 15 Jan 22 Jan 29 Jan 5 Feb 12 Feb

US$

/mt

Coal

68.0

63.0

58.0

52.0

60.0 63.0

52.0

56.057.0

53.0

47.0

41.0

42.0

38.0

43.0

48.0

53.0

58.0

63.0

68.0

73.0

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

2015 2016

US$

/dm

tu

Iron Ore

1,815 1,818

1,774

1,819 1,804

1,688

1,640

1,548

1,590

1,516

1,468

1,497 1,481

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

1,800

1,850

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

2015 2016

US$

/ to

nne

Aluminium

5,831 5,729

5,940 6,042

6,295

5,833

5,457

5,127 5,217 5,216

4,800

4,639

4,472

4,000

4,500

5,000

5,500

6,000

6,500

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

2015 2016

US$

/ to

nne

Copper

14,849 14,574

13,756

12,831

13,511

12,825

11,413

10,386

9,938 10,317

9,244

8,708 8,507

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

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

2015 2016

US$

/ to

nne

Nickel

Page 13: MITI in the News Generation of New Exporters … Weekly Bulletin/MITI...export, GenEX came about as a result of a Memorandum of Understanding between MATRADE and GMB that was signed

Tel: +603 5542 5413/5542 1972 Fax: +603 5542 1968/5542 5406Email: [email protected] Website: www.ahpsb.com.my

Azman Hamzah Plastik Sdn. Bhd.

Azman Hamzah Plastik Sdn Bhd. (AHP) today stands proud as a Bumiputera Tier 1 vendor in the local automotive industry. Founded by Managing Director, Encik Mohd Fitri Md Aris in 1989, AHP now has three factories, of which two in Shah Alam, Selangor and one in Tanjung Malim, Perak.

The company specializes in precision plastic injection molding and component assembly for the automotive industry. Its wide range of machineries, software and equipment, as well as its state-of-the-art in-house tooling facilities and painting facility, set AHP apart from its competitors as the company offers a complete one- stop centre for its customers.

AHP produces more than 400 types of products including interior and exterior plastic components and engine component area. Its major customers include PROTON Holdings Bhd. (PERODUA), Malaysian Truck and Bus (MTB) and other automotive manufacturers and vendors. The company’s success is attribute to its founder, who is forward looking, financially savvy, perseverant and committed. Encik Mohd Fitri, in an earlier interview with a local media, revealed that his interest in business began when he was a cadet engineer with a shipping company. He then became a marketing executive at a public-listed engineering firm to learn about the intricacies of business, the government tender procedures and contract opportunities for the company.

He had also signed up for a six month entrepreneurial course, which he attended at night. Unable to spend much time with his family was just one of the sacrifices that Encik Mohd Fitri made during that time. Encik Mohd Fitri, who is keen in reading especially books on wealth management and business, believes that preparations in terms of mental, skills and knowledge is necessary before one ventures in business. He saw an opportunity when PROTON Holdings Bhd. Required local content development for the Proton Saga model to reduce dependency on components imported from Japan. This has opened up opportunities for local vendors to develop car components at a lower cost, provided they invest in their own injection molding machines.

Together with his partner who already owned a factory, Encik Mohd Fitri established the joint venture company called Azman Hamzah Plastik, with Encik Mohd Fitri holding the largest share in the company. From then on, his business progressed rapidly and the company benefited from the Government’s other national car projects such as PERODUA, Hicom Perkasa and Motosikal Dan Enjin Nasional Sdn. Bhd. (MODENAS).

While AHP’s competitive edge lies in its product quality and delivery time, the main factor shielding it from the Asian financial crisis in 1997-1998 was its prudent financial management. The company’s low debt gearing ratio and high liquidity has made it financially stable and helped it out of the crisis unscathed. With low debt/equity ratio, AHP could still service its bank loans at times when sales dropped. At the same time, it had reserves in the bank, which generated income through fixed deposits. This allowed the company to retain their workers and continue meeting the worker’s needs.

While a lot of companies, affected by the crisis, had to lay off their workers or went bust, AHP soldiered on. In fact, the economic downturn is also a blessing to AHP as it received more contracts from PROTON to produce car parts when many crisis-hit PROTON vendors were unable to deliver.

One of Encik Mohd Fitri’s advice to the young entrepreneurs is to invest in Amanah Saham Nasional (ASN). According to him, AHP invests regularly in ASN and had reaped handsome returns from the unit trust investments. Over the years, the company received a string of accolades from the Government and various institutions for its achievements, quality system

and management practice.

Among the awards that AHP received include Proton’s Best Vendor Award (Quality and Delivery) for 1994; Most Promising Customer from Bank Pembangunan Malaysia Bhd. In 1996; and Industry Excellence Award from the Ministry of International Trade and Industry in 1997. AHP also received the Enterprise 50 Award from Small & Medium Industries Development Corporation (SMIDEC) and Anderson Consulting in 1997, 1999, and 2001 (for 35th, 17th and 14th position, respectively); and Selangor Small and Medium Industry Award from the Selangor State Government in 1999.

In 2000, the company was acknowledged for its productivity through the National Productivity Corporation Award from National Productivity Corporation; and Human Resource Development Council Award for Small and Medium Employer from the Human Resource Ministry.In 2001, AHP received QS 9000 quality accreditation from Sirim Bhd and Excellent Quality Management Award from the Selangor State Government. The company bagged the Industry Excellence Award 2001-Quality Management (SMI) from the Ministry of International Trade and Industry; and Seventh Toyota (UMWT/ASSB) Supplier Award as ASSB’s Third Top Local Suppler for 2001 in Best Quality Performance.

It clinched Pelanggan Wawasan Award by Bank Pembangunan Malaysia Bhd. In 2002 and a year later, Employer Competitiveness Award Category Small & Medium Industry from the Ministry of Human Resources. In 2010, AHP received the Platinum Award for Lean Practitioner Certification Programme by Proton & Neville Clarke. Encik Mohd Fitri himself was awarded the 1998 Young Entrepreneur Award by the Ministry of Entrepreneur and Cooperative Development.

Moving forward, AHP has set its sight to gain greater market share in the regional and global market. The company is always improving its processes, designs and engineering practice to supply its products to a wider base of customers abroad. AHP’s three factories operate an ultrasonic and vibration welding, hot plate, assemblies, tooling fabrication and of course injection molding process. As for Research and Development, it offers a smooth development process of new products through creative design and innovative engineering practice as a strategy to avoid customers from just being a casual browser.

Azman Hamzah Plastik Sdn. Bhd. (AHP)

Lot 10, Jalan Bursa 23/4, Section 23, 40300 Shah Alam, Selangor, Malaysia

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Name : Nur Liyana AlwiDesignation : Assistant DirectorJob Description : Processing applications for permits to companies in alphabet J-R under STA for export permits, transit and transshipmentDivision : Strategic Trade SecretariatContact No : 603-6208 4876

Name : Amirah Che EndutDesignation : Assistant DirectorJob Description : Monitoring and administer matters related to division’sadministrationandfinanceDivision : Strategic Trade SecretariatContact No : 603-6208 4877Email : [email protected]