Dato’ Sri Mustapa Mohamed Minister of International Trade and … Weekly Bulletin/MITI... ·...

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

Dato’ Sri Mustapa MohamedMinister of International Trade and Industry

on the 2017 Budget YAB Perdana Menteri presented a balanced, comprehensive and inclusive budget which focused ways on raising disposable income among the rakyat and encouraged upscaling, re‐skilling and entrepreneurship training as well as providing more physical incentives for the people and businesses, especially for SMEs.

I am particularly pleased that the YAB PM has debunked erroneous perceptions regarding our country and its economy. Such a strong statement from the Prime Minister will definitely enhance investor confidence and dispel worries regarding the economic health of the nation. This is testimony that the government’s policies are indeed on track to bring further development and benefits not just to business but the rakyat. But most of all, YAB PM reiterated in his speech on the importance of national unity and inclusiveness that will drive forward the development of the nation towards 2050.

The Budget also addresses issues such as providing affordable housing especially to the young working rakyat. Concerns raised by the M40 and B40 groups were also addressed in the budget. Malaysia’s economy remains resilient and continues to grow. Despite the challenging condition of global economic and financial landscape, Malaysia’s economic performance is on course to grow between 4.0 to 4.5% in 2016. In 2017, the economy is expected to grow up to 5.0%. The growth will be supported by the continued expansion of domestic demand which was primarily driven by the private sector.

I am very pleased that Budget 2017 gives strong focus on the role of SMEs’ as an essential engine of growth for the people, economy and the country. These include:

• RM130 million for export promotion programme for local SMEs.• RM75 million to implement programmes under SME Master Plan.• 2% rebate on interest rates will be charged to SME borrowers under Syarikat Jaminan Pembiayaan

Perniagaan (SJPP) scheme. All these funds reflect the Government’s recognition on the important and strategic role of SMEs as 97% of all businesses in the country are from the SME sector and contribute significantly to the country’s GDP, employment and exports. This will indeed establish 2017 as the start up and SMEs promotion year.

Not only that, MIDA has been allocated a fund of RM522 million, especially for chemicals, electric and electronics industries and R&D activities. These are among the catalytic industries that will further help the country to move up the global value chain where our manufactured products have increasingly higher value add. The provision of an allocation of RM4.6 billion to TVET institutions will lead towards the production of more skilled workers to feed into industrial development and reduce our reliance on less skilled foreign workers.

I welcome the Government’s introduction of the first Digital Free Zone in the world. This is in tandem with our efforts to encourage the growth and usage of e-commerce in the country, which will be driven by MITI through the National e-commerce Council which was set up earlier this year.

MITI will take immediate action to strategise our next steps to ensure that the funds and programmes announced under Budget 2017 is expeditiously implemented to bring maximum benefit to businesses, particularly SMEs. I would like to take this opportunity to thank YAB PM for continuing to place priority on the economic sector which received the highest share of RM25.9 billion under the Development Expenditure.

Ministry of International Trade and Industry (MITI) 21 October 2016


Malaysia’s Budget 2017

Source: http://www.treasury.gov.my/pdf/economy/er/1617/economy2017.pdf

RM1,870,601million

RM1,870,601million

RM260,800million

RM260,800 1

million


MITI Weekly Bulletin | www.miti.gov.my



Source: Department of Statistics, Malaysia.

Manufacturing Sector Indicators, January-August 2016

Sales

Salaries and Wages

Employment

Industrial Production Index (IPI) - Manufacturing

Trade

(Jan-Aug 2016)

3.8%Increased by

RM413.3bRM398.1bRM625.4b

(Jan-Aug 2015)

(2015)

Exports

(Jan-Aug 2016)

2.4%Increased by

RM396.9bRM387.7bRM600.9b

(Jan-Aug 2015)

(2015)

Imports

(Jan-Aug 2016)

3.1%Increased by

RM810.1bRM785.8bRM1,226.3b

(Jan-Aug 2015)

(2015)

Total Trade

Decreased by 0.7% amounted to RM432.8b (Jan-Aug 2016)

Jan-Aug 2015: RM436.0b2015: RM664.3b

Increased marginally by 0.2% registering 1,028,091 persons (Jan-Aug 2016)

Jan-Aug 2015: 1,026,5432015: 1,027,044

Expanded by 6.1% amounted to RM25.4b (Jan-Aug 2016)

Jan-Aug 2015: RM23.9b2015: RM36.3b

Rise by 4.0% record an index of 131.6 (Jan-Aug 2016)

Jan-Aug 2015: 126.52015: 128.9



Trade in Manufacturing, January 2015 - August 2016


48.6

41.5 52

.7

49.2

48.8

52.1

50.7

54.5

56.8

61.0

54.0

55.6

50.6

46.2 55

.1

51.5

50.2 55.5

48.8 55.3

47.8

42.4

50.5

46.9

48.4 49

.6

52.9

49.3 53

.8 56.1

50.8 52.4

49.4

43.5 48

.7

46.7

50.7 54

.0

52.0 52

.0

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

2015 2016

RM b

illio

n

Exports Imports

2015Exports: RM625.4b (80.5%*)Imports: RM600.9b (87.6%*)

2016 (Jan-Aug)Exports: RM413.3b (82.6%*)Imports: RM396.9b (88.6%*)

Major Exports, January 2015 - August 2016

21.818.4

24.021.0 21.1 23.1 23.1 25.1 26.1 26.2

23.1 24.822.4 20.1

24.121.5 21.8

24.321.7

25.8

4.2

3.9

4.9

4.5 4.24.6 4.8

4.64.9 5.3

4.54.7

4.44.3

5.14.7 4.7

4.94.9

5.13.9

4.2

4.5

3.9 4.94.5 4.4

4.74.6 5.4

5.9 3.6

3.43.5

4.35.2 4.2

5.2

4.0

3.92.7

2.3

3.1

3.0 3.03.1 2.8

3.03.2

3.6

2.9 3.4

3.33.0

3.63.5 3.3

3.3

2.7

3.3

2.0

1.9

2.2

2.7 2.53.4 2.6

3.13.3

4.4

3.6 3.3

2.52.7

3.42.8 2.7

3.2

2.3

2.7


2015 2016

RM bi

llion

E&E Products Chemicals & Chemical Products Petroleum ProductsMachinery, Equipment & Parts Manufactures of Metal

Major Imports, January 2015 - August 2016

16.313.9

16.0 16.3 15.8 16.2 17.4 16.9 18.1 19.2 17.5 17.7 17.615.4 17.3 15.5 16.6 18.1 17.3 18.0

5.04.7

5.8 5.1 5.3 5.8 5.5 5.35.6

5.65.4 5.8 5.4

5.05.8

5.85.9

6.05.3

5.9

4.9

3.9

5.3 4.6 4.9 4.9 5.1 4.95.7 5.3

5.0 5.1 5.2

4.4

5.04.8

5.25.6

5.65.5

3.65.8

5.44.0 5.1 4.9

7.45.7

5.66.4

5.2 5.0 4.0

3.3

3.53.8

4.1

5.44.1

3.84.73.2

3.43.9 3.2 3.7

3.9

3.53.8

4.1

3.4 3.53.4

3.0

2.93.0

3.1

3.3

3.03.6


2015 2016

RM bi

llion

E&E Products Chemicals & Chemical Products Machinery, Equipment & PartsPetroleum Products Manufactures of Metal

Note: *share to total exports/imports




57.2

52.1

58.4

52.9

50.8

54.3

54.1

56.2

58.558.6

55.5 55.6

55.3

51.4

58.0

52.3 51.8

55.8

52.3

55.9


2015 2016

RM billion

Employment in Manufacturing Sector, January 2015 - August 2016

1,03

4,58

9

1,03

0,48

4

1,02

9,35

2

1,02

9,25

5

1,02

7,50

3

1,02

4,20

0

1,02

3,81

6

1,02

6,54

3

1,02

7,15

4

1,02

8,14

7

1,02

8,79

1

1,02

7,04

4

1,03

0,15

3

1,02

8,30

1

1,02

4,17

5

1,02

0,96

4

1,02

4,75

9

1,02

2,88

2

1,02

4,82

3

1,02

8,09

1


2015 2016

No. of Employee

Salaries and Wages in Manufacturing Sector, January 2015 - August 2016

3.0

3.0

3.1

3.02.9

3.0

3.0 3.0

3.03.1

3.0

3.33.3

3.2

3.2

3.1

3.1

3.2

3.2

3.2


2015 2016

RM billion

Sales in Manufacturing Sector, January 2015 - August 2016



Manufacturing Industrial Production Index, January 2015 - August 2016


123.5

115.5 12

9.8

124.9 128.3 132.1

129.3

128.7 133.1 137.0

128.6 13

5.9

128.4

120.7 13

5.6

128.9 133.0 138.2

133.5 134.7

6.6

4.0

6.3

4.2

3.2

4.9

4.2 4.3

5.6

6.2

4.1 4.0 3.9

4.5 4.4

3.33.7

4.7

3.3

4.6

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

0.0

50.0

100.0

150.0

200.0

250.0

300.0


2015 2016

Index (2010=100) Growth (%)

Top Three Industry, January 2015 - August 2016

Jan Feb

Mar

Apr

May

Jun Jul Aug

Sep

Oct

Nov

Dec

Jan Feb

Mar

Apr

May

Jun Jul Aug2015

2016

122.7

115.7

122.6

110.1

117.4

120.4

119.9

115.7 11

7.312

6.711

3.312

4.312

3.611

8.912

6.311

5.0

123.7

126.4

124.2

121.2

Index (2010=100)

Jan Feb

Mar

Apr

May

Jun Jul Aug

Sep

Oct

Nov

Dec

Jan Feb

Mar

Apr

May

Jun Jul Aug2015

2016

134.0

125.9

148.0

136.4 138.4 14

9.414

8.514

7.7 162.5

157.6

148.4 15

9.914

3.113

2.815

6.214

7.7 150.5 16

3.3

154.8 15

9.3

Index (2010=100)

10.1 9.8

14.5

4.5

4.3

6.6 7.4 11.9

12.113.5

9.2

8.66.8

5.5 5.5

8.4 8.7 9.3

4.3

7.9


2015 2016

Growth (%)

Jan Feb

Mar

Apr

May

Jun Jul Aug

Sep

Oct

Nov

Dec

Jan Feb

Mar

Apr

May

Jun Jul Aug2015

2016

125.2

118.7

137.3 137.9

133.7 13

6.213

4.112

9.813

4.613

1.112

4.712

9.4 131.4

123.2

141.9

141.8

141.6 142.2

138.7

134.4

Index (2010=100) 8.0

2.2

4.5

2.31.3 1.4

2.03.5

3.7 3.9

3.2

3.4

5.0

3.8 3.32.8

5.9

4.43.4 3.6


2015 2016

Growth (%)

6.44.8 4.7

3.2 3.7

2.13.3

-0.9

3.2 3.0

-2.2

1.2 0.7

2.8 3.0

4.45.4 5.0

3.54.8


2015 2016

Growth (%)

Chemicals

Electrical & Electronics

Metal



Viet Nam Economic Indicators 2015

Sources: ASEAN Statistics, IMF, WTO and Wikipedia

0.6 %

193.4GDP (current prices)

US$ billionPopulation

91.7millionpeople

Inflation Rate

162.0Exports US$ billion

Land Area

330,951km2

Unemployment Rate

2.4 %

Rank: 27

Imports

Rank: 28 165.7US$ billion

6.7GDP Growth%

Rank: 28

327.7 US$ billion

Total Trade

11.8US$ billion

FDI Inflow

1.21.8

2.3 2.4 2.4

3.6 3.8 3.84.2 4.4 4.5

1.0 1.41.8

2.3 2.12.6

3.4

5.26.0

4.7 4.8

2.2

3.2

4.24.8 4.4

6.2

7.2

9.0

10.3

9.0 9.3

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

US$ billion

Exports Imports Total Trade

Malaysia’s Trade with Viet Nam, 2005 - 2015




9.3 11.615.5

19.1 19.224.9

29.9 28.8 30.728.2 26.0

13.215.9

18.9 20.117.4

20.724.7

29.733.7 35.3 33.122.5

27.5

34.339.2

36.6

45.6

54.758.5

64.4 63.559.1

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

US$ billion

Exports Imports Total Trade

InternatIonal report

Source: World Bank, IMF, Trade Map and WTO

China Economic Indicators 2015

Area9,388,211 km2

Population1.4 billion

Inflation Rate1.4%

GDP (current)

US$10.9 trillion

Unemployment Rate4.1%

200.2 192.0

223.7

179.4

140.1 152.1

164.3

132.2

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

2015 2016

US$ billion

Export Import

340.

3

277.

7

286.

0

318.

3

320.

7

337.

4

347.

2

333.

5

350.

8

323.

7

339.

9 388.

0

287.

2

217.

6

288.

2

296.

4

309.

5

311.

7

60.1

60.6

3.1 34

.0

58.7

46.5

43.0

60.2

60.3

61.1

53.1

59.4

60.9

30.5

27.4

43.1

47.2

47.2

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

2015 2016

US$ billion

Total Trade Balance of Trade

Monthly Trade(January 2015 - June 2016)

Malaysia’s Trade with China, 2005 - 2015




0

50

100

150

200

250

0

5

10

15

20

25

30

35

40

45

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

Note: 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

Number and Value of Preferential Certificates of Origin (PCOs)

0

1,000

2,000

3,000

4,000

5,000

6,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,00031

Jul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

0

100

200

300

400

500

600

700

800

900

1,000

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

140

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

0

20

40

60

80

100

120

140

160

180

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

0

50

100

150

200

250

300

350

400

450

500

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)




Number and Value of Preferential Certificates of Origin (PCOs)

Source: Ministry of International Trade and Industry, Malaysia

0

100

200

300

400

500

600

700

800

900

1,000

0

50

100

150

200

250

30031

Jul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

140

160

180

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

5

10

15

20

25

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

2

4

6

8

10

12

14

16

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-China Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

0

10

20

30

40

50

60

70

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

50

100

150

200

250

300

350

400

450

500

0

20

40

60

80

100

120

140

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

0

50

100

150

200

250

300

350

31 J

ul

7 A

ug

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 O

ct

9 O

ct

16 O

ct

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)




US Dollar

Canadian Dollar

New Zealand Dollar

Swiss Franc

Saudi Riyal

Myanmar Kyat

Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2015 - September 2016

3.58

4.11

2.60

2.80

3.00

3.20

3.40

3.60

3.80

4.00

4.20

4.40

4.60

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2015 2016

RM

USD 1 = RM

2.97

3.14

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2015 2016

RM

CAD 1 = RM

2.74

3.00

2.20

2.30

2.40

2.50

2.60

2.70

2.80

2.90

3.00

3.10

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2015 2016

RM

NZD 1 = RM

3.81

4.22

3.40

3.60

3.80

4.00

4.20

4.40

4.60

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2015 2016RM

CHF 1 = RM

95.43

109.53

80.00

85.00

90.00

95.00

100.00

105.00

110.00

115.00

120.00

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p2015 2016

RM

SAR 100 = RM

0.350

0.335

0.300

0.310

0.320

0.330

0.340

0.350

0.360

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2015 2016

RM

MMK 100 = RM



Commodity PricesCRUDE PETROLEUM (BRENT)

-per bbl-21 Oct 2016 : US$51.8, 0.3%*

Average Pricei : 2015: US$53.6 2014: US$99.5

CRUDE PALM OIL-per MT-

21 Oct 2016 : US$707.5, 2.3%*

Average Pricei : 2015: US$616.9 2014: US$823.3

RUBBER SMR 20-per MT-

21 Oct 2016 : US$1,456.5, 5.8%*

Average Pricei : 2015: US$1.364.3 2014: US$1,718.3

COAL -per MT-21 Oct 2016 : US$44.1, unchangedAverage Pricei : 2015: US$49.9 2014: US$59.8

COCOA SMC 2-per MT-

21 Oct 2016 : US$2,075.1, 3.4%*

Average Pricei : 2015: US$2,077.0 2014: US$2,615.8

SCRAP IRON HMS-per MT-

21 Oct 2016 : US$240.0 (high), 4.3% US$230.0 (low), 4.5%Average Pricei : 2015: US$239.6 2014: US$370.0

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

HIGHEST and LOWEST 2015/2016

Highest 14 Oct 2016 : US$52.0 15 May 2015 : US$66.8

Lowest

15 January 2016 : US$28.9

18 December 2015 : US$36.9

Crude Petroleum

(Brent)-per bbl-

Highest 15 Sept. 2016 : US$785.5 16 January 2015 : US$701.0

Lowest

15 January 2016 : US$545.5

4 September 2015 : US$500.5

Crude Palm Oil -per MT-

Domestic Prices21 October 2016

Steel Bars(per MT)

RM1,750 – RM1,900

Billets(per MT)

RM1,550 – RM1,600

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.

SUGAR -per lbs-21 Oct 2016 : US¢ 22.7, 0.9%*

Average Pricei : 2015: US¢13.2 2014: US¢16.6



Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

660.0

695.5

747.0

769.4 765.5771.0

785.5

770.5 772.5

740.0

691.5

707.5

580

600

620

640

660

680

700

720

740

760

780

800

5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 Oct

US$

/mt

Crude Palm Oil

2,259.8

2,212.9

2,337.3

2,288.3

2,160.6 2,161.92,107.3

2,202.4

2,056.4

2,118.7

2,005.9

2,075.1

1,800

1,900

2,000

2,100

2,200

2,300

2,400


US$

/mt

Cocoa

20.4 19.7

19.8

20.6

20.2

20.7 21.2

22.7

23.023.4 22.9

22.7

15.0

16.0

17.0

18.0

19.0

20.0

21.0

22.0

23.0

24.0


US¢

/lbs

Sugar

1,307.01,319.5

1,319.0

1,274.0

1,315.01,337.0

1,337.5

1,467.0

1,368.5

1,473.5

1,545.5

1,456.5

1,000

1,100

1,200

1,300

1,400

1,500

1,600

5 Aug 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 15 Sep 23 Sep 30 Sep 7 Oct 14 Oct 21 OctU

S$/m

t

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

7,088

7,113

7,281

6,917 6,851 6,730

6,337

6,085 5,988

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500Ja

n

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2015 2016

USD

/ to

nne

Black Pepper

* until 21 October 2016



Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.


43.5 43.5 43.5 43.5 43.5

44.6 44.1

44.1 44.1 44.1 44.1 44.1

40.0

41.0

42.0

43.0

44.0

45.0

46.0

47.0

48.0

49.0

50.0


US$

/mt

Coal

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

1,531

1,531

1,571 1,551

1,591

1,629 1,641

1,589

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 Feb Mar Apr May Jun Jul Aug Sep

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 4,599

4,954

4,873

4,695 4,633

4,865 4,759 4,716

4,000

4,500

5,000

5,500

6,000

6,500


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 8,299

8,717

8,879 8,660

8,906

10,263

10,366

10,176

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000


2015 2016

US$

/ to

nne

Nickel

41.8

44.5

48.5

47.6

44.4

45.9

43.944.5

48.2

49.850.4

50.9

44.3

47.0

50.9

49.9

46.8

48.0

46.645.9

49.1

51.9 52.0 51.8

38

40

42

44

46

48

50

52

54


US$

/bbl

Crude Petroleum

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



1,148.0

1,148.0

1,108.0

1,079.0

1,054.0

1,075.0

1,033.0

1,057.0

1,036.0

977.0

935.0 929.0

850.0

900.0

950.0

1,000.0

1,050.0

1,100.0

1,150.0

1,200.0


US$

/oz

Platinum


Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

270.0

230.0

200.0

230.0240.0 240.0 240.0

220.0230.0 230.0 230.0

240.0250.0

220.0

180.0

210.0220.0 220.0 220.0

200.0210.0 210.0

220.0230.0

100

150

200

250

300

350

10 Jun 24 Jun 15 Jul 12 Aug 19 Aug 26 Aug 2 Sep 9 Sep 26 Sep 7 Oct 14 Oct 21 Oct

US$

/mt

Scrap Iron

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

68.0

63.0

58.0

52.0

60.0

63.0

52.0

56.0

57.0

53.0

47.0

41.042.0

47.0

56.0

61.0

55.0

52.0

57.0

61.0

58.0

38.0

43.0

48.0

53.0

58.0

63.0

68.0

73.0


2015 2016U

S$/d

mtu

Iron Ore

20.020.2

19.2

18.8

19.2

19.5

19.0

19.819.7

17.617.4 17.5

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0

19.5

20.0

20.5


US$

/oz

Silver

43.1

43.5 43.3

42.4 42.6

42.8

42.1

43.0

42.5

40.5 40.2

40.7

38.0

39.0

40.0

41.0

42.0

43.0

44.0


US$

/oz

Gold



MITI ProgrammeLaunch of MyApec YouthConnect Programme

18 October 2016



Happy Deepavali

MITI Weekly Bulletin Editorial Committeewishing all readers a Happy Deepavali.......

Glowing with peace, joy & prosperity

From:MITI Weekly Bulletin Editorial Committee



MITI @ Your Service

KOPERASI MITI MALAYSIA BERHAD (KOMITI)

BOARD OF DIRECTORS

Syahril Syazli Ghazali

Chairman

Nor Haida Shahimi

Deputy Chairman Guna Seelan Balakrishnan

Treasurer Ena Fazleen Zainal Kan

Secretary

Shaiful Azli Mahamad Nor

Wan Mohd Nadzir Hadzril Wan Ismail Mohd Hasri Hassan

Chua Wan Ting

Rita Elisha Mering

[email protected]

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Dear Readers,Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints.http://www.miti.gov.my/index.php/forms/form/13

Benefits of Economic CensusEntrepreneurs, Companies & Business

Industry Associations & Chamber of Commerce

Government To Update Economic Indicators

• To identify industrial structure and product trends

• To monitor changing patterns and growth trends for future investment

• To make business planning and decisions

• To gauge their business perfomance

• To compare their business operations to industry norms

• Rebasing of indices i.e. Gross Domestic Product (GDP) and Index of Industrial;

• Compilation of

Supply & Use Table (SUT), Input-Output Table (I-O), Tourism Satellite Account (TSA), Information & Communication Technology Satellite Account and System of Environmental – Economic Accounting (SEEA);

• Development of SME’s profile.

• To identify new sources of growth to the economy;

• To formulate national economy programmes; and

• To assess the implementation of the national development policy such as The Economic Transformation Programme, Eleventh Malaysia Plan and Small and Medium Enterprise (SME) Masterplan 2012 -2020.

• To understand more about industrial structure;

• To share information about the industry with their members;

• To assist business in marketing and investment planning.

Dato’ Sri Mustapa Mohamed Minister of International Trade and … Weekly Bulletin/MITI... ·...

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