Volume 320

MITI in the NewsEntrusted to Deliver, and So We Must

The months ahead will not be without challenges, but there is no back-tracking because we have seen and experienced the benefits of closer integration among ASEAN member countries.

IN 2015, under the chairmanship of Malaysia, 10 countries in our part of the world will declare the establishment of the ASEAN Community. Supported by three pillars – the Economic, Socio-Cultural and Political/Security – ASEAN is set to become an integrated region whose 620 million-plus population will be afforded the opportunity to become a single market and production base with a deeper sense of shared ASEAN identity, and a major actor on the global stage.

Or will we?

Let me just address the issue of the ASEAN Economic Community (AEC), for which the Ministry of International Trade and Industry (MITI) is a key driver. As chairman in 2015, MITI will spearhead the implementation of the AEC initiative.There is quite a bit of scepticism out there, especially among segments of the private sector, about the AEC. The expectations are high, as they have a right to be. There is much hope, rightly so, but much of this is also clouded by fear and confusion.

ASEAN is committed to delivering on its promise of the AEC. Those of us who have been involved in the day-to-day work in the trenches, ironing out details, getting consensus among all 10 governments and addressing the key issues are only too aware that the stakes are incredibly high. It’s not just ASEAN’s credibility that’s on the line, but also the continued prosperity of the region, and that of generations to come.

We are thoroughly cognisant of the fact that the AEC is not just about market liberalisation, removing impediments to regional trade and investment, and cutting red tape. All of these are vital.

However, they are but a means to the larger goal of creating an ASEAN where incomes and standards of living go up, and inequality shrinks rather than widens, where our talented and hard-working citizens can avail themselves of the opportunities to realise their full economic potential, and where innovation and creativity flourish. In short, the overarching objective of the AEC is to help establish an ASEAN which enjoys peace and prosperity.

Some of the building blocks necessary to achieving that visionary goal are already in place. Over the past two decades, ASEAN has been quietly working on removing tariff barriers in the region; more than 95% of those barriers have been removed. Thanks to the ASEAN Free Trade Agreement, consumers now have wider choice, and the prices of goods and services throughout the region have become more competitive. In terms of aviation, the advent of Low-Cost Carriers has not only reduced the cost of air travel, but has contributed enormously to regional integration. In telecommunications, a relaxation of rules has helped boost cross-border investment, contributing to lower telephony costs.

In 2015, we are committed to ironing out several of the remaining barriers to regional trade. The Prime Minister has publicly declared that Malaysia will not shy away from addressing the sensitive issue of protectionism among ASEAN member states and will seek to defuse the rising rhetoric of nationalism.

Malaysia will seek to cogently articulate the necessity for ASEAN members to embrace the regional perspective, to look beyond narrow parochial concerns.For Malaysia, 2015 is a very important year. As ASEAN declares itself as a community, we want every Malaysian rich or poor, every company big or small, every sector to be excited about what is in store for us in 2015. For 2015 to be a successful year, we need Malaysians to be involved in the process of a closer ASEAN integration.

For ASEAN, this will be a year when we work towards further reducing non-tariff barriers, and work towards a freer flow of services, harmonised standards and procedures. It will be a year when we introduce a robust and inclusive small and medium enterprises agenda to be implemented across ASEAN.

We will also be looking at some low-hanging fruits like popularising the ASEAN song, flying the ASEAN flag, and implementing the ASEAN travel card, an ASEAN Lane and travel counters. This month, TalentCorp will be implementing an internship programme involving Malaysian government-linked companies operating in a number of ASEAN Member States.

But 2015 is not without challenges. We know that there are pressures for more regulation and protectionism. However, there is no backtracking. We have seen and experienced the benefits of closer inter-ASEAN integration in the form of freer trade flows, more ASEAN investments, more economic cooperation.2015 is also the year we will launch an ambitious plan for ASEAN for the next 10 years. We have to continue our efforts

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MITI Weekly Bulletin / www.miti.gov.my 01

at economic integration. And we want every Malaysian on board because of the enormous potential deeper integration brings.

We must realise that globalisation is here to stay and if we don’t come on board in this journey, we will be left out. Some of the less developed countries of ASEAN have been very aggressive in opening up their economies in recent years. This journey has got to continue but it will continue in the “ASEAN Way”.

Some of this will be undertaken in private, in congenial and convivial surroundings. That’s just the “ASEAN Way” of bringing about change, a modus operandi that has served the region well. So, step by step, MITI and its economic counterparts in ASEAN will focus on, and address, the issues and concerns regarding regional trade. We have been given our marching orders, and a list of deliverables for which we will be held accountable.

Dato’ Sri Mustapa Mohamed is International Trade and Industry Minister. The views expressed here are entirely his own.

Source: The Star, Tuesday 6 January 2015

Malaysia

Labour Force (‘000)14,080.9

Labour Force Market, October 2014

Employed (‘000)13,702.6

Unemployed (‘000)378.2+

Labour Force Participation RateOctober 2014

67.4%

October 201367.7%

% change 0.3%

Unemployment RateOctober 2014

2.7%October 2013

3.3%

% change 0.6%

13.7 13.7 13.5 13.5 13.4 13.4 13.5 13.6 13.6 13.6 13.5 13.7 13.7

3.3

3.4 3.0 3.3

3.2

3.0

2.9 2.92.8 2.8

2.7 2.7 2.7

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

2013 2014

Persons employed (mil.) Unemployment rate (%)

Note: i. Labour Force: Those who are in the 15-64 age group who are either employed or unemployed ii. Labour Force Participation Rate: Ratio of the labour force to the working age (15-64) population. iii. Working age population; October 2013: 20.5 mil. and October 2014: 20.9 mil. iv. Unemployment rate is the proportion of unemployment population to the total population in labour force

Source: Malaysia Department of Statistics

--> RM28.5 bil. domestic

--> 619 projects--> 65,395 potential employment

--> RM35.0 bil. foreign

Approved Investments in Manufacturing Sector, Jan-Sep 2014Total Capital Investments: RM63.5 bil.

+NewRM38.0 bil.

--> Domestic: RM21.7 bil.--> Foreign: RM16.3 bil.

--> 343 Projects

--> Potential Employment: 35,765

Expansion/Diversification RM25.4 bil.

--> Domestic: RM6.8 bil.--> Foreign: RM18.6 bil.

--> 276 Projects

--> Potential Employment: 29,630

Source: Malaysia Investment Development Authority

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Source: Malaysia Investment Development Authority

Approved Investments in Manufacturing Sector, 2004 to Jan- Sep 2014

15.6

13.2

25.8

26.5

16.7

10.5

18.1

21.9

20.2

21.6

28.5

13.2

17.9

20.2

33.4

46.1

22.1

29.1

34.1

20.9

30.5

35.0

28.831.1

46.0

59.962.8

32.6

47.2

56.1

41.1

52.1

63.5

0

10

20

30

40

50

60

70

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan-Sept2014

RM billion

Domestic Investment Foreign Investment Total Investment

Approved Investment in Manufacturing Projects by State,Jan - Sep 2014

Note: * Kuala Lumpur and Labuan

Total Investment: RM20.1 bil.Potential Employment: 15,496

JohorTotal Investment: RM6.0 bil.Potential Employment: 14,435


Sarawak Penang



Selangor


KedahPahang


Melaka


SabahTotal Investment: RM2.0 bil.Potential Employment: 2,157

Negeri Sembilan

Total Investment: RM0.5 bil.Potential Employment: 459


PerakTotal Investment: RM1.2 bil.Potential Employment: 955

Kelantan Terengganu

Total Investment: RM0.1 bil.Potential Employment: 174

Total Investment: RM0.2 bil.Potential Employment: 102Perlis Federal Territory*

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“ASEAN and You”ASEAN Statistics: Investment Trends

FDI Inflows by Economic Activity

Services51.5%

Manufacturing37.6%

Mining and Quarrying

6.4%

Agriculture, Fishery and

Forestry0.5%

All Others4.0%

2005

Services62.0%

Manufacturing27.5%


4.7% Agriculture, Fishery and

Forestry0.6%

All Others5.2%

2010

Services75.0%

Manufacturing15.5%


5.8%Agriculture, Fishery and

Forestry1.5%

All Others2.2%

2012

Services53.2%

Manufacturing33.3%


6.7%Agriculture, Fishery

and Forestry1.9%

All Others4.9%

2013

Intra- and Extra-ASEAN FDI Inflows, 2009 - 2013

6,67

2 15,2

00

15,2

28

20,6

58

21,3

22

41,2

55

85,1

60

82,3

10 93,6

26

101,

055

47,927

100,360 97,538

114,284122,377

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

2009 2010 2011 2012 2013

US$

mill

ion

Intra-ASEAN Extra-ASEAN Total

Major Sources of FDI Inflows, 2009 - 2013

ASEAN: 21,322

China: 8,644

EU 28: 26,980

Japan: 22,904

USA: 3,758

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2009 2010 2011 2012 2013

US$

mill

ion

7.1

2.8

18.5

1.1

3.9

3.4

4.9

1.9

8.0

4.6

3.8

3.8

17.7

1.6

2.6

3.1

2.1

0.4

4.4

12.0

0 2 4 6 8 10 12 14 16 18 20

Viet Nam

Thailand

Singapore

Philippines

Myanmar

Malaysia

Lao PDR

Indonesia

Cambodia

Brunei Darussalam

Share to GDP (%)

2000-2006

2007-2013

FDI Inflows Share to GDP by ASEAN Member State

Source: ASEAN Community in Figures Special Edition 2014

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International ReportQuarterly GDP Growth for Selected Country, Q1 2012 - Q3 2014

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014

USA 2.6 2.3 2.7 1.6 1.7 1.8 2.3 3.1 1.9 2.6 2.7

GDP A

nnua

l Grow

th Ra

te, %

USA

6.8

7.0

7.2

7.4

7.6

7.8

8.0

8.2

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014

China 8.1 7.6 7.4 7.9 7.7 7.5 7.8 7.7 7.4 7.5 7.3

GDP A

nnua

l Grow

th Ra

te, %

China

-2.0

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014

Germany 1.5 0.3 0.1 -0.3 -1.8 0.5 0.8 1.0 2.6 1.0 1.2

GDP A

nnua

l Grow

th Ra

te, %

Germany

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014

Japan 3.2 3.2 -0.2 -0.3 0.1 1.2 2.3 2.5 2.9 -0.2 -1.2

GDP A

nnua

l Grow

th Ra

te, %

Japan

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q32012 2013 2014

Malaysia 5.1 5.6 5.3 6.5 4.2 4.5 5.0 5.1 6.2 6.5 5.6

GDP A

nnua

l Grow

th Ra

te, %

Malaysia

Source: Tradingeconomics

Inflation Rate

(November 2014)1.3%

Unemployment Rate

(November 2014)5.8%

Consumer Price Index

(November 2014)237

GDP(Q3 2014) 2.7%

US Economic Indicators

Source: Tradingeconomics

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Do you know?

Three Gorges DamYangtze River, China

--> 632 km2 area flooded--> 98.1 tw-hour annual electricity production

--> 22,500 mw installed capacity

Largest Power Generating Hydroelectric Dams in the World

Grand Coulee DamColumbia River, USA

--> 324 km2 area flooded--> 20.0 tw-hour annual electricity production


Tucurui DamTocantins River, Brazil

--> 3,014 km2 area flooded--> 41.4 tw-hour annual electricity production


Guri DamCaroni River, Venezuela



Itaipu DamParana River, Brazil/Paraguay



Source: Wikipidea

Note: Largest hydroelectric power stations listed by generating capacity. Only plants with capacity larger than 2,000 MW are listed. mw = megawatt tw-hour = terawatt per hour

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Source: Ministry of International Trade and Industry, Malaysia

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

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)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)

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec2014

AANZFTA 390 281 322 334 320 361 271 421 357 292 438 264AIFTA 490 462 407 1,118 1,365 2,178 861 698 561 431 451 449AJCEP 406 346 321 325 803 383 252 356 693 401 421 314

0

500

1,000

1,500

2,000

2,500

RM M

illio

n


ATIGA 4,859 2,612 20,077 10,399 2,403 30,260 2,388 23,539 2,940 2,802 5,520 13,395ACFTA 14,388 2,843 2,015 2,000 2,475 2,423 1,822 2,706 2,772 2,205 3,101 2,958AKFTA 2,716 2,914 1,716 3,481 744 1,968 1,043 1,647 1,078 1,236 2,926 1,794

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

RM

Mill

ion


MICECA 204 539 173 155 172 211 158 229 149 181 211 160MNZFTA 1 0 0 1 1 1 1 1 1 1 1 1MCFTA 29 38 35 28 34 51 33 38 30 42 53 69MAFTA 548 117 168 121 108 133 98 136 124 119 294 112

100

0

100

200

300

400

500

600

RM M

illio

n


MJEPA 1,093 637 590 543 549 670 464 1,660 694 481 1,032 505MPCEPA 446 357 173 130 252 213 94 228 147 149 199 83GSP 246 102 94 106 83 98 103 159 94 76 1,092 66

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

RM M

illio

n

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecAANZFTA 4,253 3,130 3,304 3,413 3,230 3,941 2,775 3,870 3,766 3,505 4,734 3,146AIFTA 2,009 1,871 1,888 2,070 2,152 2,760 1,888 2,596 2,245 1,953 2,629 2,064AJCEP 1,491 949 881 941 853 1,098 666 892 797 843 1,105 837ATIGA 19,288 16,540 18,470 16,965 17,021 21,721 14,847 17,955 18,322 18,106 23,177 16,741ACFTA 5,226 5,425 5,593 5,759 5,411 6,279 4,445 6,089 5,271 5,621 7,347 6,043AKFTA 3,705 3,354 3,213 3,180 3,286 4,005 2,845 3,291 2,896 2,786 3,926 2,964MICECA 1,173 980 1,009 955 950 1,346 907 1,365 1,289 1,218 1,543 1,053MNZFTA 40 13 20 35 34 22 33 33 27 35 37 33MCFTA 202 244 244 197 213 541 195 287 252 268 327 275MAFTA 1,562 1,305 1,535 1,478 1,401 1,653 1,294 1,795 1,738 1,425 2,275 1,365MJEPA 4,232 3,524 3,377 3,129 3,211 4,183 2,687 3,577 3,340 3,122 4,446 3,155MPCEPA 697 727 580 562 632 726 465 723 540 598 771 529GSP 1,620 559 646 680 521 713 567 629 548 496 753 513

Value of Preferential Certificates of Origin

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

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Malaysian Ringgit Exchange Rate with US Dollar and EURO, January 2013 - December 2014

Gold and Silver Prices, January - December 2014

Aluminium, Nickel and Copper Prices, January - November 2014

Source : http://econ.worldbank.org

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

Source : Bank Negara Malaysia

3.503.603.703.803.904.004.104.204.304.404.504.60

2.702.802.903.003.103.203.303.403.503.60

Jan Feb Mar Apr MayJun Jul AugSep Oct NovDec Jan Feb Mar Apr MayJun Jul AugSep Oct NovDec

2013 2014

US Dollar (USD) Euro (EUR)

1 EUR = RM 4.29

1 USD = RM 3.48

2,056

6,713

15,807

-

2,500

5,000

7,500

10,000

12,500

15,000

17,500

20,000

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

2013 2014

US$/mt

Aluminum Copper Nickel

40.0 38.4

35.0

36.0

37.0

38.0

39.0

40.0

41.0

42.0

43.0

44.0

45.0

Jan

Feb

Mar Ap

r

May Jun Jul

Aug

Sep

Oct

Nov De

c

US$/Gram Gold

20.0

16.4

14.0

15.0

16.0

17.0

18.0

19.0

20.0

21.0

22.0

23.0

24.0

Jan

Feb

Mar Ap

r

May Jun Jul

Aug

Sep

Oct

Nov De

c

US$/Oz Silver

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Highest and Lowest Prices, 2014/2015

Commodity Prices

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)2 Jan 2015

(US$) 53.8 669.2 309.3 1,520.5 2,280.4 51.8 330.0 (high)320.0 (low)

% change* 1.4 5.3 1.5 3.4 Unchanged Unchanged 3.16.7

2014i 54.6 - 107.6 823.3 352.3 1,718.3 2,615.8 59.8 370.0

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

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 indicatedSource :

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum (2 January 2014)US$53.8 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

20152 Jan 2015: 53.8

20152 Jan 2015: 53.8

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (2 January 2014)US$669.2 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

20152 Jan 2015: 669.2

20152 Jan 2015: 669.2

Steel Bars(per MT)

RM1,950 - RM2,100

Average Domestic Prices, 2 Jan 2015

Billets(per MT)

RM1,650 - RM1,720

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Commodity Price Trends1607.5 1602.0

1482.0

1556.51541.0

1525.01,513.0

1,481.0

1,436.5

1,481.01,470.5

1,520.5

1,350

1,400

1,450

1,500

1,550

1,600

1,650

17 Oct 24 Oct 31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan

US$

/mt

Rubber SMR 20

341.0

333.0

328.5

324.0

332.5

337.8

314.5

322.0319.8

314.8 314.0

309.3

290

300

310

320

330

340

350


US$

/mt

Raw Sugar

51.3 51.6

53.3 53.3

52.0

53.0 53.1

52.8

52.8

51.7

51.8 51.8

50.0

50.5

51.0

51.5

52.0

52.5

53.0

53.5

54.0


US$

/mt

Coal

150.5

154.6

139.9137.4

124.0

114.8

127.2

137.1

134.2

132.6136.3

135.8

128.1121.4

111.8

114.6

100.6

92.7

96.1

92.6

82.4

81.0

74.0

60.0

80.0

100.0

120.0

140.0

160.0

180.0

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

2013 2014

US$

/dm

tu

Iron Ore

822.0

699.0710.5

748.0

732.0720.0 716.0

700.5

681.5669.0 664.0

699.2

600

650

700

750

800

850


US$

/mt

Crude Palm Oil

2,800.1

2,674.3

2,559.92,513.6

2,529.0

2,3522,326.7

2,326.7

2,218.8

2,288.1

2,280.4 2,280.4

2,000

2,100

2,200

2,300

2,400

2,500

2,600

2,700

2,800

2,900


US$

/mt

Cocoa

81.0 80.9

77.9

74.476.7

68.7 66.4

59.158.1

56.454.6 53.8

45

50

55

60

65

70

75

80

85


US$

/bbl

Crude Petroleum

355.0 355.0 355.0 355.0

320.0 320.0 320.0 320.0 320.0 320.0 320.0

330.0

345.0 345.0 345.0 345.0

300.0 300.0 300.0 300.0 300.0 300.0 300.0

320.0

270

280

290

300

310

320

330

340

350

360

370


US$

/mt

Scrap Iron

Scrap Iron/MT (High)

Scrap Iron/MT(Low)

Source : 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.

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Success Story

JM Permata Sdn Bhd (JMP) was established in 1984 as a trading company dealing in everything related to little bundles of joy – babies. Ten years later the company began to import disposable baby diapers under its subsidiary company Consobiz Ventures Sdn Bhd,

Contacts:

Consobiz Ventures Sdn. Bhd. Block B & C, Lot 780Jalan Sungai Putus

3 3/4 Miles Off Jalan Kapar 42100 Klang, Selangor

Email : [email protected]

Johari Maarof, Managing Director of Consobiz

Consobiz Ventures Sdn Bhd

which then set the course for a long path in manufacturing and exporting disposable baby diapers to more than 18 countries worldwide. Almost 20 years later, Consobiz Ventures is now an established Malaysian company that specialises in the manufacture of disposable baby diapers to a vast range of clients from around the globe.

FROM TRADING TO MANUFACTURING – A DIAPER EVOLUTION

The story of disposable diapers began in the West about 30 years ago, when most families that were frequent travelers looked for a simpler way to keep their baby’s bottom clean. hus, plastic pants with cotton napkins became the irst kin of disposable diapers that were available to the mass market.

With increasing working mothers in Malaysian households, the need for disposable diapers rose drastically. As such, JMP saw are a great potential in the segment and started trading in everything that spoke “baby”. Among its early trade items include cotton baby napkins, PVC tie-pants, baby toys and baby accessories. It was not till the early 1990s that the company started to import disposable baby diapers to meet the increasing demands of consumers. As demand continuously increased with the encouraging response to disposable diapers, JMP then started to manufacture disposable baby diapers. Forming a joint venture with a local company dealing with baby products, its subsidiary Consobiz Ventures then came into existence to support production.

Soon, from 1 Fammenccanica line, the company grew and eventually acquired all shares of Consobiz and consolidated the operations. By the end of 2007, the company transferred one of its machines to Tanggerang, Jakarta (Indonesia) and PT Consobiz Ventures oicially began commercial production in 2008.

The company never hesitated to work with high grade materials to ensure that they only produce high quality products. Although most of the raw materials for production were initially sourced from neighbouring countries, a turning point occurred during a MATRADE business trip, where Consobiz acquired a direct source for raw materials from the shores of China. hus, the company

is highly grateful for the assistance and business matching opportunity that was provided by MATRADE in the early stages of its business growth.Through MATRADE trade missions, doors opened up for Consobiz, as importers and distributors approached the company for business opportunities.

Besides this, grants for branding that have been acquired through MATRADE have also spurred signiicant growth for the company, especially in manufacturing for private labels.

With an established track record as a high quality baby diaper manufacturer, the company takes pride in ensuring all its relationships with partners, consumers and clients stay strong and healthy, both internationally and locally. To date, the company’s products are present in hypermarkets and supermarkets in Malaysia, Singapore, Vietnam, Australia, New Zealand, India, South Africa, Mauritius, Seychelles and countries in West Asia.

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


Program CSR MITIYBM Dato’ Sri Mustapa Mohamed - Misi Bantuan Mangsa Banjir

“Pihak jawatan kuasa Editorial MITI Weekly Bulletin (MWB) dan warga MITI melahirkan rasa sedih dan simpati kepada semua mangsa banjir yang telah kehilangan tempat tinggal serta kerosakan harta benda akibat banjir besar yang telah melanda beberapa negeri di Malaysia. Semoga semua yang terlibat tabah menghadapi dugaan ini”

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


Gotong-royong di bawah Persimpangan Bertingkat ke Jalan Khidmat Usaha - Jalan Duta, 19 Disember 2014

Name : Aizuddin @ SalimMusa

Designation : TechniciansJob Description : Responsible to solve

damage complaintespecially on electricityin MITI

Division : Logistics andAdministration Unit

Email : [email protected] No. : 03-62034891

Your Service@

Name : Saripah Subairi

Designation : Administrative AssistantJob Description : Responsible to assist

division to solve MITItechnical issues and ICTsupport equipmentsinstallation

Division : Helpdesk BPMMITIEmail : [email protected] No. : 03-62034614

http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c

Comments & SuggestionsDear Readers,Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish letters as reprints.

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”


Volume 320

Documents

Transcript of Volume 320