No. ISSN:2180-0448
MITI in the news Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry on the 2015 Budget
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 Weekly Bulletin / www.miti.gov.my
5. 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 Areas 6. 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 Development 9. 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.
“DRIVING Transformation, POWERING Growth”
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.
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.
12. To accelerate the shift of the manufacturing sector from labourintensive into high value-added, Scheme knowledge-intensive and innovative industries, these incentives will be • Achieving high-income Amounting to RM5 billion for introduced: country status by 2020. SMEs in the services sector, with a maximum financing of • Category 1 : Most labour RM5 million together with 70% intensive industries (rubber, plastic, Services Sector Government guarantee. The wood & furniture, textiles) - Automation expenditure Incentive to Enhance Services scheme is expected to benefit 4,000 SMEs: capital allowance of 200% on the Exports first RM4 million expenditure and RM10 milllion for 100% for the remaining expenditure, 15. To enhance the capability of • from 2015 to 2017. local services providers to do market companies in knowledge sector studies to venture into international to establish research centres Reintroduce the Services • Category 2 : Other Industries markets, the Government has re- • -Automation expenditure capital introduced the Services Export Export Fund with fund RM300 million allowance of 200% on the first RM2 Fund (SEF) of RM300 million. • RM20million for million of expenditure from 2015 to Franchise Scheme under 2020. Impact KPDNKK and PNS Impact • The reintroduction of SEF will help Malaysian services • Encourage manufacturing providers secure opportunities Impact companies to engage in innovative abroad and increase the contribution facilitate SMEs and productive activities; of non-government services sector Will undertaking projects overseas • Encourage the quick to the economy. by providing bridging finance adoption of automation especially for the most foreign labour reliant • Provide opportunities for implementation of projects industries; for more services companies to and for SMEs to establish their • Reduce outflow of cash from secure high value projects through physical presence overseas to Malaysia by foreign labour; undertaking feasibility studies secure projects. • Further spur automation for infrastructure projects such as initiatives; and highways, ports and participation in SMEs • Achieve high-income international tenders. country status by 2020. Budget 2015 focuses on • Reintroduction of SEF • will provide greater opportunity to capital economy (macro policies, Incentives for High Quality increase the contribution of services GDP growth, private sector MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Incentives to Enhance Automation in LabourIntensive Industries
Investments with High Quality sector to total exports. Currently, contribution of services to total Employment exports is 14%. 13. In promoting the development of high quality Establishment of Principal investment, the Government has Hubs always ensured the importance of having the spill over benefits to be 16. To strengthen Malaysia’s enjoyed by the Rakyat, especially position as the global operational for multinational through the creation of employment centre opportunities that offer high companies, the Government will income. This is to be consistent with introduce early 2015 customised the objective of achieving a high- incentives for Principal Hubs. This incentive is more comprehensive income nation status by 2020. and attractive so as to enhance 14. Thus, more special tax incentive scheme for regional incentive package will be offered and global hub activities such as for investment projects based OHQ, RDC, and IPC. on technology, innovation and knowledge, which involve highly Impact qualified and knowledgeable To complement the employees that are paid with high • increasing trend of global salaries. offshore trading. This incentive will enable potential MNCs to Impact leverage on Malaysia’s position • Ensuring high quality in ASEAN and Asia Pacific by investment for the Rakyat, centralising their operations and especially through the creation of decision making. employment opportunities that offer Services Sector Guarantee high income.
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. investment, financial markets, etc.) as well as people economy (wage growth, SMEs, household expenditure, cost of living, jobs and family well-being).
• 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 • Shariah-compliant 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 MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
• 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.
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 • Implementation of SME Malaysia with an additional Investment Partner to provide SMEs allocation of RM50 million. financing assistance in the form of loans, equity or both, particularly at the startup stage. An initial fund (iv) Human capital development totalling RM375 million will be • Talent Corp will provide provided for a period of five years, RM30 million for Industry of which RM250 million is from Academia Collaboration SME Bank and RM125 million programme where universities, from private investors. Government entities and industries will collaborate to • RM10 million will develop the curriculum for the be allocated for the Business internship programmes and Accelerator Programme under industrial training. SME Corp. To enhance use of • To attract more new technology, automation and expatriate entrepreneurs innovation in the development of establish Startups in Malaysia, SMEs, RM80 million is allocated for the paid-up capital for Startups a Soft Loan Scheme for Automation is set at RM75,000. Eligible and Modernisation of SMEs expatriate Startup entrepreneurs under the Malaysian Industrial will be given Work Pass for one Development Finance Berhad. year. TEKUN to provide additional funds of RM500 million which will be (v) Bumiputera entrepreneurs distributed as follows: RM350 million is allocated for Bumiputera • Strengthening the role of entrepreneurs to provide financing the National Entrepreneurship to nearly 33,000 new borrowers; Institute (INSKEN) as a Centre of Excellence for Bumiputera - RM50 million will be Entrepreneurship; allocated to the Young Indian • Further accelerate the Entrepreneurs Financing Scheme Bumiputera Entrepreneurs that will benefit 5,000 Indian Startup Scheme (SUPERB) entrepreneurs; with additional allocation of RM30 million. - RM50 million will be • Introducing pre-export allocated to the Young Professional programme for high-performing Women Entrepreneurs Development Bumiputera companies Programme that will benefit 5,000 (TERAS) for enhanced professional women; and branding, international certification and market surveys - RM50 million will be for Bumiputera products allocated to the Armed Forces • Expanding carve-out and Veteran Entrepreneur Development compete programme through Programme that will benefit meritocracy for Government 5,000 veterans who were not on a and privatised projects including pensionable scheme. MRT second phase and PanBorneo Highway. - To assist SME entrepreneurs • Lembaga Tabung Haji to from the Chinese community, the allocate RM200 million for the Government will provide soft loans establishment of the shariahtotalling RM50 million, and RM30 compliant Restricted Investment million for hawkers and petty traders Account (RIA) under Bank Islam. The purpose of this • RM30 million allocated account is to provide financing through Amanah Ikhtiar Malaysia and credit between RM50,000 (AIM) to inculcate the spirit of and RM1 million from January entrepreneurship among Indian 2015; and women. • Amanah Ikhtiar Malaysia (AIM) will use (iii) Innovation and Technology internal sources of RM1.8 • Rebrand SIRIM. For this, billion for financing to benefit an SME Technology Penetration 346,000 Sahabat AIM.
(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
dicadangkan dapat membuahkan hasil dalam bentuk eksport sebenar.
• 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 telah melaksanakan beberapa program pembangunan keusahawanan. Selaras dengan agenda ini, program pembangunan berkenaan termasuk:
• Di samping itu MITI mengalu-alukan untuk meluaskan program ‘carve out and compete’. Bumiputera Ini akan menyediakan lebih banyak peluang kepada Bumiputera TINDAKAN 1: Meningkatkan kepada projek Kerajaan dan Pemilikinan Ekuiti Bumiputera swasta.
• MITI berperanan juga untuk 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 diagihkan oleh MITI.
̵ From 2015 to 2017, the Government will establish 65 permanent farmers’ markets and 50 fish markets that will operate daily TINDAKAN 2: Memantapkan Keushawanan Bumiputera in selected locations.
• Berhubung dengan peningkatan keusahawanan Bumiputera, inisiatif yang digariskan dalam Bajet 2014 sememangnya dapat memperkasakan ekonomi Bumiputera. Pemindahan INSKEN ke TERAJU adalah tepat pada ̵ Accelerating planting masanya. and replanting of fruit trees such Langkah-langkah untuk as durian, mangosteen, langsat, • INSKEN, rambutan as well as intensifying memperkukuhkan Jom Bertani Programme so the penambahan peruntukan termasuk rakyat can cultivate cash crops Sabah dan Sarawak akan membantu keusahawanan and vegetables for their own memperkukuhkan Bumiputera. Program-program consumption; and ini juga akan saling melengkapi ̵ Providing RM100 million kepada program-program yang matching grant to Farmers’ telah dilaksanakan oleh MITI seperti Organisation Authority to enable groom BIG, VDP dan SDSI. the members to obtain loans to Dari segi menembusi pasaran improve farm productivity and • antarabangsa kerjasama hendaklah marketing channels. diadakan dengan MATRADE sebagai ̵ • RM60 million is allocated Agensi pengeskport negara di mana to accelerate aquaculture activities dengan rangkaian pejabatnya di luar such as cage farming of fish, shrimp, Negara, MATRADE bersedia untuk mussels and oysters to diversify menyediakan pelbagai bantuan sources of income of fishermen seperti maklumat risikan pasaran who are affected especially during dan hubungan perniagaan dengan syarikat pengimport di luar negara. the monsoon season. Ini bagi memastikan supaya usaha • RM27 million is allocated pembangunan keupayaan yang ̵ Introduce a weekly auction programme for quality vegetables at reasonable prices at 85 FAMA Trading Operation Centres and selected farmers’ markets nationwide;
MITI Weekly Bulletin / www.miti.gov.my
- Program pembangunan vendor (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 tapi juga ke atas syarikat-syarikat besar. - Program peningkatan kualiti produk dan perkhidmatan atau Grooming Big. Program ini bertujuan untuk membantu usahawan meningkatkan keupayaaan pengurusan perniagaan melalui modulmodul yang dirangka khas bagi tujuan meningkatkan keupayaan keusahawanan di kalangan syarikat-syarikat bumiputera. Di samping 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, memberi penekanan 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 IndustryMalaysia 10 October 2014
“DRIVING Transformation, POWERING Growth”
• RM6 billion to Ministry of Agriculture and Agro-Based Industry to implement the following initiatives:
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.
Malaysia’s Budget 2015 ECONOMY 2015 DOMESTIC PRODUCTION
EXTERNAL DEMAND
At constant 2005 prices
FEDERAL GOVERNMENT BUDGET 2015 WHERE IT COMES FROM
REVENUE
Source:http://www.treasury.gov.my MITI Weekly Bulletin / www.miti.gov.my
BORROWINGS
DEVELOPMENT EXPENDITURE
WHERE IT GOES
OPERATING EXPENDITURE
“DRIVING Transformation, POWERING Growth”
IMPORTS
DOMESTIC DEMAND
MALAYSIA Manufacturing Indicators Jan - Aug 2014
Exports
Imports
IPI*
RM386.5 bil.
RM389.1 bil.
113.8
10.1%
5.9%
1,033,403 persons
Salaries & Wages
Sales
RM22.8 bil.
RM435.3 bil.
1.7%
7.3%
7.0%
Notes: % refer to y-o-y growth IPI* refer to Industrial Production Index
Manufacturing Sales Performance Jan - Aug 2014
RM391.1 bil.
RM414.0 bil.
RM405.5 bil.
RM435.3 bil.
-2.0%
RM352.2 bil.
17.6%
11.1%
5.8%
7.3%
Jan - Aug 2010
Jan - Aug 2011
Jan - Aug 2012
Jan - Aug 2013
Jan - Aug 2014
Notes: % refer to y-o-y growth Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Employment
4.8%
1,033
1,031
1,029
1,027
1,025
1,021
1,018
1,015
1,029
1,015
1,014
1,015
1,016
1,024
1,022
1,018
1,020
1,016
1,025
1,023
1,030
1,025
1,035
1,026
Jan 2013 - Aug 2014
Employment (‘000 persons)
1,032
Manufacturing Indicator: Employment
1,010 1,005 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Source : Department of Statistics, Malaysia
2013
2014
Industrial Production Index Jan - Aug 2014
(base: 2010=100)
Jan- Aug 2014
Mining Index
97.0
Jan- Aug 2013
Growth Rate
Manufacturing Index
97.2 -0.2%
120.8 113.3 6.7%
Electricity Index
Overall Index
118.5 112.8 5.1% Note: % refer to y-o-y growth Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my
113.8 108.6 4.8%
“DRIVING Transformation, POWERING Growth”
1,000
International Reserves of Malaysia International Reserves (with Main Components) 15 September 2014
USD Billion
131.5 120.1 1.0 2.0 1.5 6.9
Source : Bank Negara Malaysia
INTERNATIONAL REPORT Indonesia’s Trade Performance Jan- Aug 2014/13 -3.21%
Total Trade Note: % refer to y-o-y growth Source: www.bps.go.id
MITI Weekly Bulletin / www.miti.gov.my
Exports
117,423.80
124,839.70
Imports
118,828.60
-4.82%
-1.52% 119,240.30
236,252.40
244,080.00
US$ million
Jan-Aug 2013 Jan-Aug 2014
“DRIVING Transformation, POWERING Growth”
Total Gross International Reserves Foreign Currency Reserves IMF Reserve Position Special Drawing Rights (SDRs) Gold Other Reserve Assets
“Our ASEAN Neighbours” Philippines Key E c o n o m i c I n d i c a t o rs
Trade With Malaysia, 2005 - Aug 2014 Export
USD million
Import
Trade balance
4,500 3,500
3,219.09
2,564.88
2,500 1,500
1,502.47
1,984.95
500 -500 -1,500
1,062.41 2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan Aug -1,234.14 2014
Real GDP Growth Rate
6.4% ( Q2 2014)
Prices External Trade
Inflation Rate 4.4% (Q2 2014)
(Q2 2014) Exports: US$15,496 mil. Imports: US$15,125 mil. Total Trade: US$30,621 mil.
300,000 km2 120,000 sq mi
Financial Account Labour Uemployment Rate 7.0 % (Q2 2014)
Sources:http://www.bsp.gov.ph/statistics http://en.wikipedia.org MITI Weekly Bulletin / www.miti.gov.my
Area
Net Foreign Direct Investment US$1,722 mil. Gross International Reserves US$80,733 mil.
Population Total Population 100,617,630
July 27, 2014 estimate
“DRIVING Transformation, POWERING Growth”
National Account
1
Name City Built Floors Use Height
2
: Burj Khalifa : Dubai : 2010 : 163 : Mixed use : 828 m
: Taipei 101 : Taipei : 2004 :101 : office : 508 m
4
3
5
10
1
: Makkah Royal Clock Tower Hotel : Mecca,Saudi Arabia : 2012 :120 : Hotel : 601 m
3
Name City Built Floors Use Height
: Shanghai World Financial Center : Shanghai : 2008 :101 : Mixed use : 492 m
: International Commerce Center : Hong Kong : 2010 :108 : Mixed use : 484m
Name City Built Floors Use Height
: Nanjing Greenland Financial Complex : Nanjing : 2010 : 89 : Mixed use : 450 m
Name City Built Floors Use Height
: KK100 : Shenzhen : 2011 : 100 : Mixed use : 442 m
8
10
2
4
Name City Built Floors Use Height
5
MITI Weekly Bulletin / www.miti.gov.my
6&7 8
9
Name City Built Floors Use Height
Name City Built Floors Use Height
Source: http://skyscraperpage.com
MALAYSIA
Name City Built Floors Use Height
: Petronas Towers 1 & 2 : Kuala Lumpur : 1998 : 88 : Office : 451.9 m
: Willis Tower : Chicago : 1974 : 108 : Office : 442 m
6&7 9
“DRIVING Transformation, POWERING Growth”
Name City Built Floors Use Height
Ten Tallest Skyscrapers In The World, 2014
Number and Value of Preferential Certificates of Origin (PCOs) Value of Preferential Certificates of Origin Number of Certificates
350
AANZFTA
AIFTA
AJCEP
ATIGA
ACFTA
AKFTA
250
17 Aug 2014
923
608
183
4,533
1,300
740
200
24 Aug 2014
921
641
211
4,797
1,541
883
150
31 Aug 2014
863
617
140
4,295
1,412
689
RM million
300
100 50 0
17 Aug
24 Aug
31 Aug
7 Sep
14 Sep
21 Sep
28 Sep
5 Oct
AANZFTA
101
98
89
84
93
75
105
69
AIFTA
164
194
161
166
156
121
118
142
AJCEP
50
70
82
106
214
296
76
78
12,000
571
240
4,243
1,508
754
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
AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010) AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009)
10,000 8,000 RM miliion
891 1,011
AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement (Implemented since 1 January 2010)
Value of Preferential Certificates of Origin
4,000 2,000 0
17 Aug
24 Aug
31 Aug
7 Sep
14 Sep
21 Sep
28 Sep
5 Oct
ATIGA
4,493
9,254
9,125
710
679
715
836
802
ACFTA
354
829
739
632
819
601
721
490
AKFTA
138
648
312
144
298
405
231
110
AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)
Number of Certificates MICECA
MNZFTA
MCFTA
MAFTA
17 Aug 2014
305
4
44
416
24 Aug 2014
345
3
84
449
31 Aug 2014
323
12
66
336
60
7 Sep 2014
317
3
73
406
50
14 Sep 2014
315
13
74
364
21 Sep 2014
326
8
60
498
28 Sep 2014
331
3
45
470
5 Oct 2014
349
8
51
342
Value of Preferential Certificates of Origin 70
40 30 20
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)
10 0
17 Aug
24 Aug
31 Aug
7 Sep
14 Sep
21 Sep
28 Sep
5 Oct
MICECA
63.28
46.40
54.69
42.14
38.00
30.88
38.33
44.93
MNZFTA
0.11
0.03
0.32
0.32
0.24
0.20
0.03
0.11
MCFTA
7.37
11.74
8.08
9.47
8.66
6.68
4.74
6.03
MAFTA
27.45
36.14
28.93
31.68
25.12
30.61
36.49
30.24
Number of Certificates
Value of Preferential Certificates of Origin
MJEPA
MPCEPA
GSP
17 Aug 2014
659
188
109
600
24 Aug 2014
882
184
180
500
31 Aug 2014
822
160
145
400
7 Sep 2014
877
172
123
14 Sep 2014
782
97
149
200
21 Sep 2014
825
128
151
100
28 Sep 2014
856
143
125
0
17 Aug
24 Aug
31 Aug
7 Sep
14 Sep
21 Sep
28 Sep
5 Oct
138
MJEPA
108
608
384
137
249
161
146
113
MPCEPA
78
24
82
49
36
28
34
70
GSP
15
30
23
21
29
24
20
26
5 Oct 2014
901
208
Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway and Liechtenstein. Source: Ministry of International Trade and Industry, Malaysia
MITI Weekly Bulletin | www.miti.gov.my
RM million
700
300
MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008) MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)
“DRIVING Transformation, POWERING Growth”
ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010) ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003)
6,000
RM million
7 Sep 2014 14 Sep 2014
Major Currencies against US Dollar, Jan 2013 - Sept 2014 0.335 0.330 0.325 0.320 0.315 0.310 0.305 0.300 0.295 0.290 0.285
Singapore Dollar (SGD) 0.820 0.815 0.810 0.805 0.800 0.795 0.790 0.785 0.780 0.775 0.770
1 MYR = USD 0.31 US Dollar
US Dollar
Malaysia Ringgit (MYR)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
2014
1 SGD = USD 0.79
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
2014
Thai Baht (THB)
Chinese Yuan (CNY) 0.035
0.166 0.165
0.034 1 CNY = USD 0.16
0.163
0.033 US Dollar
US Dollar
0.164 0.162 0.161 0.160
1 THB = USD 0.031
0.031 0.030
0.159
0.028
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
2014
Japanese Yen (JPY)
0.00012
0.012
0.00010
0.010
0.00008
1 IDR = USD 0.0001
0.00006 0.00004
US Dollar
US Dollar
Indonesian Rupiah (IDR)
0.00002 0.00000
0.008
1 JPY = USD 0.009
0.006 0.004 0.002 0.000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
0.025
0.000048
0.025
0.000048
0.024
0.000048
0.024
US Dollar
US Dollar
0.000048
0.000047 0.000047 0.000047
1 VND = USD 0.00005
2014
Philippine Peso (PHP)
Vietnamese Dong (VND)
1 PHP = USD 0.023
0.023 0.023 0.022 0.022
0.000047 0.000047
2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
Source : http://www.freecurrencyrates.com MITI Weekly Bulletin / www.miti.gov.my
2014
0.021
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 2013
2014
“DRIVING Transformation, POWERING Growth”
0.029
0.158 0.157
0.032
Gold and Silver Prices Jan 2013 - 3 Oct 2014 Gold
Gold (US$/gramme)
Silver
Silver (US$/oz)
39.44
38.7
40
29 27
30
25 23
20
20.16
21 19
17.34
10
3 Oct
26 Sept
19 Sept
5 Sept
12 Sept
29 Aug
22 Aug
8 Aug
15 Aug
1 Aug
18 Jul
4 Jul
11 Jul
27 Jun
20 Jun
6 Jun
13 Jun
30 May
23 May
9 May
16 May
2 May
25 Apr
18 Apr
4 Apr
11 Apr
28 Mar
21 Mar
7 Mar
14 Mar
28 Feb
21 Feb
7 Feb
14 Feb
30 Jan
24 Jan
17 Jan
3 Jan
15
Source : http://www.gold.org/investments/statistics/gold_price_chart/
Aluminium, Nickel and Copper Prices Jan 2013- Sept 2014 US$/MT
25000
Nickel 20000
17,473
Copper
Aluminium
18,035
15000
10000
5000
8,047
2,038
6,872
1,990
0 Jan 13 Feb 13Mar 13Apr 13May 13Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13Dec 13 Jan 14 Feb 14Mar 14Apr 14May 14Jun 14 Jul 14 Aug 14Sept 14 MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
0
10 Jan
17
Commodity Price Trends 900
Crude Palm Oil
864 864
822
750
700
726
710 720 693
650
US$/mt
792
750
1500
1,433.5
1350 1300
11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 sept 12 sept 19 sept 26 sept 3 oct
Cocoa
2950
US$/MT
2800 2750 2700
2,736.1
2650
2,674.2
2600
330
2,674.2
337.5
333.5
11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 sept 12 sept 19 sept 26 sept 3 oct
62
60.5
58
101.6 98.5
60.5
60.2
60
Coal
60.1 60.0
59.0
57.2
56
98 96
95.7
93.8
94.6 93.1
94.5
97.0
46 11 Jul
180
370.0
US$/dmtu
375
140 120 100
18 Jul
1 Aug
8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct
Iron Ore
154.6
160
380.0
370.0
52.8
48
Scrap Iron 380.0
51.4
50
91.5
380
54.5
52
11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct
385
56.5 56.5
54
91.0
90
345.3
339.5
300
US$/mt
US$/bbl
339.5
336.3
310
102.8
92
334.8
320
Crude Petroleum
94
345.5
340.5
340
11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 sept 12 sept 19 sept 26 sept 3 oct
100
366.0
350
2550
104
354.3
360
2,734.8
2,827.0 2,683.0
2,819.4
2,705.7
2,840.9 2,886.4
2,827.0
2,789.1
370 367.5
137.4 150.5
137.1
132.6
114.8 139.9
124.0
127.2
134.2
135.8
121.4
114.6
136.3 128.1
92.7 100.6
80
92.6
111.8 96.1
82.4
60 40
365 4 Jul
11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep
20 0 13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep
Scrap Iron/MT (High)
Scrap Iron/MT(Low)
2013
Source : Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group
MITI Weekly Bulletin | www.miti.gov.my
2014
“DRIVING Transformation, POWERING Growth”
2850
Raw Sugar
380
US$/MT
2900
US$/mt
1,422.0
1400
11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 sept 12 sept 19 sept 26 sept 3 oct
370
1,529.0 1,453.0
1,507.0
1450
600
102
1,660.5
1,647.5
1550
705
697
1,614.5
1,671.5
1600
822
1,666.5
1,687.0
1650
800
Rubber SMR 20
1,695.5
1700
850
US$/mt
1750
Highest & Lowest Prices, 2013/2014 Crude Petroleum (3 October 2014) US$83.8 per bbl
Crude Palm Oil (3 October 2014) US$822.0 per MT
Lowest (US$ per bbl)
Highest (US$ per bbl)
Lowest (US$ per MT)
Highest (US$ per MT)
2014 26 Sept 2014: 107.6
2014 3 Oct 2014: 83.8
2014 14 Mar 2014: 982.5
2014 29 Aug 2014: 693.0
2013 6 Sept 2013: 110.2
2013 19 Apr 2013: 88.1
2013 15 Nov 2013: 925.0
2013 4 Jan 2013: 800.0
Crude Commodity Petroleum (per bbl)
Crude Palm Oil (per MT)
Raw Sugar (per MT)
Rubber SMR 20 (per MT)
Cocoa Scrap Iron Coal SMC 2 HMS (per MT) (per MT) (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
unchanged unchanged
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
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 : 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
3 October 2014 domestic prices for : 1. Billets (per MT) : RM1,700 - RM1,750 2. Steel bars (per MT) : RM1,900 - RM2,050 MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Commodity Prices
Success Story
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
CONTACT :
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 0849 Fax : 603-6251 7499 Email : customerservice@astramina.com MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
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.
Sukan MITI 2014 10 OCT 2014
“DRIVING Transformation, POWERING Growth”
MITI Weekly Bulletin / www.miti.gov.my
Anugerah Inovasi Sektor Awam (AISA) 2014
Job Description Email Contact Details
Name Designation Job Description Email Contact Details
: Marina Zainal : Assistant Officer of Information Technology : Responsible for assisting system maintenance and industry development apps : marina.zainal@miti.gov.my : 03-62032407
: H a l i d a w a t i I b ra h i m : Assistant Officer of Information Technology : Responsible for assisting system maintenance and industry development apps : halida@miti.gov.my : 03-62032429
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“DRIVING Transformation, POWERING Growth�
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