MWB 301

MALAYSIAGDP, 2nd Quarter 2014

GDP, Q3 2011 - Q2 2014

Growth % (y-o-y), 6.4

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

165

170

175

180

185

190

195

200

205

210

III IV I II III IV I II III IV I II

2011 2012 2013 2014

Gro

wth

(%)

RM b

illio

n

GDP at constant price


0.0

2.0

4.0

6.0

8.0

10.0

12.0

200

210

220

230

240

250

260

270


2011 2012 2013 2014

Gro

wth

(%)

RM b

illio

n

GDP at current price

Source : Department of Statistics, Malaysia


Q2 2014 Q2 2013 Q1 2014 % Growth % Growth

RM billion (q-o-q) (y-o-y)

Gross Domestic Product (GDP) 205.6 193.2 198.6 3.5 6.4Gross National Income (GNI) 191.5 179.2 186.7 2.6 6.9

Gross Fixed Capital Formation (GFCF) 60.0 56.0 54.0 11.1 7.2

MITI Weekly Bulletin/ www.miti.gov.my

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0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

150

155

160

165

170

175

180

185

190

195


2011 2012 2013 2014

Gro

wth

(%)

RM b

illio

nGNI at constant price

7.1

2.1

7.3

9.9

6.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

0.0

20.0

40.0

60.0

80.0

100.0

120.0

Agriculture Mining and quarrying Manufacturing Construction Services (include Government Services)

Gro

wth

(%)

RM b

illio

n

GDP Seasonally Adjusted Growth (y-o-y)

7.2

0

5

10

15

20

25

30

0

10

20

30

40

50

60

70


2011 2012 2013 2014

Gro

wth

(%)

RM b

illio

n

Gross fixed capital formation Growth % (y-o-y)


0.0

2.0

4.0

6.0

8.0

10.0

12.0

200

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230

240

250

260


2011 2012 2013 2014

Gro

wth

(%)

RM b

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GNI at current price

GNI, Q3 2011 - Q2 2014

GDP by Economic Activity, Q2 2014

GFCF, Q3 2011 - Q2 2014

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MITI Weekly Bulletin/www.miti.gov.my


GDP by Economic Activity, Q2 2014

AgricultureRM 13.9b

6.7%

Mining and quarryingRM 16.2b

7.9%

ManufacturingRM 52.0b

25.3%

ConstructionRM 7.9b

3.9%

ServicesRM 112.4b

54.7%

plus Import dutiesRM 3.3b

1.6%

11.1%2.0%

6.0%

26.6%

14.3%

24.6%

15.5%

ManufacturingFood, beverages and tobacco

Textiles, wearing apparel and leather products

Wood products, furniture, paper products, printing and publishingPetroleum, chemical, rubber and plastic products

Non-metallic mineral products, basic metal and fabricated metal products Electrical and electronic products

Transport equipment and other manufactures

4.5%

35.8%

13.4%

20.9%

10.4%9.0%

6.0%

AgricultureRubber

Palm Oil

Livestock

Other agricultureForestry and loggingMarine fishingAquaculture

14.7%

11.9%

11.9%

11.6%10.8%

7.7%

6.6%

24.8%

Services

Government services

Retail trade

Finance

Wholesale trade

Real estate and business services

Communication

Transport and storage

Others


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Production of TV sets and Air Conditioners, January 2013 - May 2014

Source: Department of Statistics Malaysia

**

Total Electricity Supply and Electricity Loss, January 2013 - May 2014

Source: Tenaga Nasional Berhad, Sabah Electricity Sdn. Bhd., Syarikat SESCO Berhad, Pengeluar Tenaga Bebas (Independent Power Producers)

Air Conditioners262,385

Television Sets1,129,451

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

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

2013 2014

Jan Feb Mar Apr May June Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May2013 2014

Total Supply 10,840.7 9,456.9 11,281.9 11,097.1 11,389.7 11,278.9 11,357.6 10,822.2 10,800.5 11,315.1 10,893.8 11,109.3 10,861.2 10,253.8 11,782.2 11,531.8 11,922.2Loss 1,079.1 -353.9 2,302.4 1,011.4 1,161.6 1,035.6 1,353.2 431.3 1,100.0 1,361.9 700.5 1,150.5 825.5 303.8 2,053.3 1,002.6 1,297.2

2,000

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

KW/h

Total Supply Loss


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

Source : Bank Negara, Malaysia

Silver

Gold

US$/MT

Source : http://econ.worldbank.org-

Malaysian Ringgit Exchange Rate with US Dollars and Singapore Dollars, January 2013-July 2014

Gold and Silver Prices, 3 January - 8 August 2014

Aluminium, Nickel and Cooper Prices, January 2013 - July 2014

0

5,000

10,000

15,000

20,000

25,000

Jan 13 Mar 13 May 13 Jul 13 Sep 13 Nov 13 Jan 14 Mar 14 May 14 Jul 14

Aluminum Copper NickelUS$19,118

US$7,113

US$1,948

18

20

22

24

26

28

30

35

36

37

38

39

40

41

42

43

44

45

3 Jan 17 Jan 30 Jan 14 Feb 28 Feb 14 Mar 28 Mar 11 Apr 25 Apr 9 May 23 May 6 Jun 20 Jun 4 Jul 18 Jul 8 AugU

S$/o

z

US$

/gra

mm

e

2.30

2.35

2.40

2.45

2.50

2.55

2.60

2.65

2.902.953.003.053.103.153.203.253.303.353.40

Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July

2013 2014

US Dollar (USD) Singapore Dollar (SGD)

1 SGD = RM 2.56

1 USD = RM 3.18


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Source: Ministry of International Trade and Industry, Malaysia

Number and Value of Preferential Certificates of Origin (PCO’s)

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 Kazakhstan.

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

15 Jun 2014 787 505 243 4,068 1,266 840

22 Jun 2014 871 650 196 4,585 1,293 906

29 Jun 2014 683 476 220 4,344 1,127 713

6 Jul 2014 392 276 104 2,135 733 318

13 Jul 2014 780 552 199 4,444 1,089 806

20 Jul 2014 807 513 137 4,153 1,205 872

27 Jul 2014 796 547 226 4,115 1,418 849

3 Aug 2014 182 178 130 128 461 282

MICECA MNZFTA MCFTA MAFTA

15 Jun 2014 252 0 35 29722 Jun 2014 243 6 321 32129 Jun 2014 296 3 60 2926 Jul 2014 133 3 32 158

13 Jul 2014 281 6 65 37620 Jul 2014 250 16 50 35827 Jul 2014 243 8 48 4023 Aug 2014 82 1 27 128

MJEPA MPCEPA GSP

15 Jun 2014 837 125 10922 Jun 2014 791 136 14429 Jun 2014 752 154 1596 Jul 2014 409 54 55

13 Jul 2014 843 133 13020 Jul 2014 730 127 24327 Jul 2014 705 151 1393 Aug 2014 376 30 46

15 Jun 22 Jun 29 Jun 6 Jul 13 Jul 20 Jul 27 Jul 3 AugAANZFTA 69 83 57 48 74 67 82 35AIFTA 300 494 80 62 142 535 121 33AJCEP 77 59 69 48 81 30 93 66

0

100

200

300

400

500

600

RM m

illio

n

15 Jun 22 Jun 29 Jun 6 Jul 13 Jul 20 Jul 27 Jul 3 AugATIGA 9,322 9,219 9,259 302 796 646 643 10ACFTA 272 649 520 437 406 356 624 116AKFTA 1,017 522 151 58 143 598 244 213

0

2,000

4,000

6,000

8,000

10,000

12,000

RM m

iliio

n

15 Jun 22 Jun 29 Jun 6 Jul 13 Jul 20 Jul 27 Jul 3 AugMICECA 50.72 30.03 49.21 22.05 45.95 35.63 54.12 9.60MNZFTA 0.00 0.40 0.14 0.06 0.11 0.32 0.14 0.14MCFTA 5.64 22.17 7.23 7.80 12.76 6.41 6.38 2.71MAFTA 28.40 22.17 27.34 11.60 24.25 29.89 32.67 9.56

0

10

20

30

40

50

60

RM

mill

ion

15 Jun 22 Jun 29 Jun 6 Jul 13 Jul 20 Jul 27 Jul 3 AugMJEPA 109 136 123 79 127 131 128 455MPCEPA 21 28 50 8 21 22 43 8GSP 17 19 27 14 25 26 39 10

0

50

100

150

200

250

RM m

illio

n


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Crude Petroleum (8 August 2014)US$95.7 per bbl Crude Palm Oil

(8 August 2014)US$792.0 per MT

Lowest (US$ per bbl)

10 Jan 2014: 92.319 Apr 2013: 88.1

Highest

(US$ per bbl) 13 Jun 2014: 107.6

Sep 2013: 110.2

Highest

(US$ per MT)14 Mar 2014: 982.515 Nov 2013: 925.0

Lowest (US$ per MT)

1 August 2014: 822.0 4 Jan 2013: 800.0

8 August 2014 domestic prices for :1. Billets (per MT) : RM1,700 – RM1,750 2. Steel bars (per MT) : RM1,970 - RM2,120

Commodity Price Trends, 9 May- 8 August 2014

Highest & Lowest Prices, 2013/2014

Commodity Prices

16 May 23 May 30 May 6 June 13 June 20 June 27 June 4 Jul 11 Jul 18 Jul 1 Aug 8 AugCrude Palm Oil 898.5 906.0 893.0 856.3 848.8 849.5 868.0 867.0 863.7 863.7 822.0 792.0Rubber SMR 20 1,723.5 1,725.0 1,695.0 1,660.5 1,685.0 1,736.0 1,792.5 1,747.0 1,687.0 1,671.5 1695.5 1660.5Cocoa SMC 2 2,517.9 2,643.1 2,629.9 2,690.6 2,675.4 2,690.6 2,736.1 2,720.9 2,705.7 2,736.1 2,789.1 2,819.4Iron Ore 150.0 140.0 140.0 140.0 140.0 140.0 140.0 140.0 140.0 140.0 140.0 140.0Scrap Iron 395.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0Raw Sugar 394.5 384.0 364.8 364.5 365.3 381.0 390.5 371.5 367.5 366.0 354.3 339.5Coal 69.3 69.3 62.0 60.9 60.4 59.5 61.5 61.5 60.2 60.5 60.5 60.0Crude Petroleum 101.6 103.8 103.4 102.4 107.6 106.6 106.7 104.6 102.8 101.6 98.5 95.7

Crude Palm Oil

Rubber SMR 20

Cocoa SMC 2

Iron Ore

Scrap Iron

Raw Sugar

Coal

Crude Petroleum

88.0

90.0

92.0

94.0

96.0

98.0

100.0

102.0

104.0

106.0

108.0

110.0

0.0

500.0

1,000.0

1,500.0

2,000.0

2,500.0

3,000.0

US$

/bbl

US$

/MT

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)8 Aug 2014

(US$) 95.7 792.0 339.5 1,660.5 2,819.4 60.0 380.0 (high)370.0 (low)

% change* 2.8 3.6 4.2 2.1 1.1 unchanged unchangedunchanged

2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.62012i 77.7 - 109.5 1,000.4 473.8 952.5 2,128.9 .. 444.72011i 80.3 - 112.7 1,124.0 647.0 1,348.3 2,644.8 .. 491.0

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 :

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Our Success Stories

The sense of smell and taste is often underrated, and yet it has the greatest impact of all our senses. Our longest and strongest memories are often evoked by the complexity of scent and flavour. Reka Nutrition Sdn. Bhd. has endeavoured to bring the best and most evocative fragrance and flavour to enhance the products and services of their clients. The company started off as a trading entity in 1966 but has since diversified into the exciting and rarefied arena of providing flavour, fragrance, foodstuff, home and personal care formulation solutions. Nothing but the best ingredients and compounds are used in their product, with quality control checks every step of the way to ensure that the final product is of the highest standards.Your Taste and Scent Solution Provider Their ability to customise their product allows their clients to enjoy personalised, one-of-a-kind creations to enhance their products for any usage. Reka Nutrition took research and development very seriously to enable the food flavours, fragrances, cloudifying agents, nature essential oils, emulsifiers and basic aroma chemicals that come out of their manufacturing plant to be of the best quality and adheres to globally recognised industrial standards. Their efforts have been rewarded with the HAACP, ISO 9001:2000 as well as GMP recognition for their manufactured goods. Reka Nutritions has also sought and obtained HALAL certification to ensure that their products can be used without any doubts by clients concerned for purity of their merchandise. Reka Nutrition is one of the few manufacturers of flavours and fragrances in Malaysia. Some of the best leading manufacturers of foodstuff, home care and personal grooming products in Malaysia and Asia are their clients. They have also penetrated the highly competitive and rigorous Australian market. With their commitment to research and development, Reka Nutrition is able to offer customised products to suit any and every clients’ manufacturing need. Only the best ingredients are sourced to formulate their products, with rigorous quality control checkpoints along the way to ensure the products for their clients are of the highest standards. The company’s uncompromising view to producing HAACP and HALAL compliant goods manufactured with ISO-standard system

will lead Reka Nutrition to continue their growth to be one of the best providers of flavour, fragrance, foodstuff, home and personal care formulation solutions to the world.Sensory Delights for World Market Reka Nutrition is committed to continue serving the best sensory enhancement solution to their clients needs. With greater investment in research and development, Reka Nutrition has built an impressive scent and taste library that has been customised for the Asian market and beyond. Their products’ customisation services and stringent standards have made the products of Reka Nutrition a trusted name for clientele from all over Asia as well as Oceania. Together with MATRADE, Reka Nutrition has taken their products to the global platform. They have showcased their products and services in various trade and industry shows worldwide, garnering accolades from various commercial sectors, from food manufacturers to household products and personal care business concerns. Reka Nutrition looks forward to the challenges of satisfying their clienteles’ sensory needs.

Reka Nutrition Sdn Bhd

COMPANY : REKA NUTRITION SDN BHD

SECTOR : FRAGRANCE, FOOD

CONTACT :

Lot 17, Jalan DBP 3, Dolomite Business Park,

68100 Batu Caves, Selangor

TEL : +603 6186 4513

FAX : +603 6186 4513

WEBSITE : www.reka-n.com

E-MAIL : [email protected]


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Malaysia’s Economic Growth Must be at a Sustainable Rate

MITI in the news

Malaysia’s economic growth must be at a sustainable

rate to ensure the country’s resources are distributed

in an inclusive manner, says International Trade and

Industry Minister Dato’ Sri Mustapa Mohamed.

“The economic cake has to also expand and this is an

important basis. Only then can we think about distribution

and we need to ensure the country’s economy continues

to expand at a sustainable rate. “We do not want it to be

too high either, as this will not be sustainable,” he added.

He told reporters this after attending a dialogue session

with 17 Bumiputera non-governmental organisations

(NGOs) here today.

Mustapa said Malaysia’s gross domestic product (GDP)

which expanded 6.4 per cent in the second quarter of

the year compared to 6.2 per cent in the first, was the

result of growth in all sectors.

“Malaysia succeeded in continuing to register good,

encouraging growth compared to other countries. It is

a source of pride that this was not just the result of the

external environment, exports and rising investments,

but also growth from all contributing sectors,” he added.

He said the growth was also registered as a result of

Malaysia having a broad foundation to achieve it, and Date : Aug 18, 2014Source : BERNAMA

not just dependent on one or two sectors.

Commenting on the dialogue session, Mustapa said

the objective was to provide a platform for the NGOs

to exchange ideas to enhance the sustainability of

Bumiputera businesses. “I will also suggest to Minister

in the Prime Minister’s Department, Senator Datuk Seri

Abdul Wahid Omar to gather those minister’s having a

relation to the Bumiputera agenda, to sit down together

with the NGO’s and hear out the issues faced by them,”

he added.

The Minister’s include Second Finance Minister Datuk

Seri Ahmad Husni Hanadzlah, Minister of Domestic

Trade, Cooperatives and Consumerism Datuk Seri Hasan

Malek, Second Education Minister Datuk Seri Idris Jusoh

and Rural and Regional Development Minister Datuk Seri

Shafie Apdal. According to Mustapa, issues such as access

to bank loans, involvement in the automotive sector,

Internet, and home ownership were raised at today’s

meeting.

“But these are not under my ministry. It is therefore good

if the minister’s concerned can sit down with them to not

just provide answers but also the action to be taken,” he

said.

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Announcement

WTO & You

MH17: National day of mourning on Aug 22, 2014

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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

Name : SANUSI SHAMZURI BIN A.RAHIM @ SHAARYDesignation : Administrative AssistantRegional Office : KelantanJob Description : Responsible for processing Certificates of OriginEmail : [email protected] Details : 09-7483457

Name : HASMAH BINTI AB RASHID

Designation : Administrative Assistant

Regional Office : Kelantan

Job Description : Responsible for processing

Certificates of Origin

Email : [email protected]

Contact Details : 09-7483457

James E. FaustLawyer, Politician

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MWB 301

Documents

Transcript of MWB 301