MITI in the news
Transcript of MITI in the news
No. ISSN: 2180-0448“D
RIV
ING
Transform
ation, PO
WER
ING
Grow
th”
Source:Bernama, 4 November 2014
MITI in the news
MITI Weekly Bulletin / www.miti.gov.my
View AEC’s Open Market As Opportunity, Not ThreatThe open market under the ASEAN Economic Community (AEC) should be viewed as an opportunity, rather than a threat, says Minister of International Trade and Industry, Dato’ Sri Mustapa Mohamed.
He also debunked fears among sections of the younger generation that the AEC with its free movement of professionals might rob them of employment opportunities.
“The perception and fear is unfounded, although we have signed mutual recognition agreements for the free movement of professionals like accountants, engineers, surveyors, doctors, architects and lawyers, subject to domestic rules and regulations, and not totally unregulated,” he said.
He said Malaysia has been a net capital exporter for the last four to five years with many Malaysian companies investing large amounts of money abroad. “This has also opened up opportunities for young professional to venture abroad,” he added.
He told reporters this after officiating the closing of the two-day 9th Asia Economic Summit here today and themed, Asia Rising: The Future of Asia - Where Do We Go From Here.
Mustapa said Malaysia would take over the Asean Chairmanship effective next year from Myanmar and had lined up some priorities to focus on.
“Among these are, putting in place initiatives on non-tariff barriers, increasing intra-Asean investments and trade, harmonising standards and enabling a freer flow of professionals,” he added.
He said ASEAN has a very exciting future with 620 million people plus a large and growing middle class, alongside a young population.
“It is also a very dynamic region and with one of the fastest growth rates in the world at between five to six per cent on average,” he added.
Mustapa said Malaysians should appreciate that the domestic market is limited and need to venture out for expansion.
MITI Weekly Bulletin | www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin | www.miti.gov.my
To the sceptics, these document titles alone reflect more talk and little substance.We beg to differ. Take the GVC Blueprint. Among others, it will address enhancing SME integration into the global value chain. The sectors covered include the automotive, textile and electrical and electronics industries.
Malaysia has offered to become the lead for the automotive sector and will work with other economies
to detail out the work programme for the next two years. The Ministry of International Trade and Industry (MITI) and its agencies (the Malaysia Automotive Institute, Mida, SME Corp and Matrade) will drive this initiative.
The focus of APEC’s “Accord on Promoting Innovative Development, Economic Reform and Growth” is to enhance the innovative capacity and sustainability of regional small and medium enterprises (SMEs).
This is to facilitate their participation in global value and supply chains and its key is the elimination of barriers to their participation in cross-border trade. The Connectivity Blueprint seeks to promote integration through physical (i.e. logistics, transport and infrastructure), institutional (addressing behind-the-border issues) and people-to-people (education, tourism and business mobility) connectivity. Specific initiatives include the creation of public-private partnership (PPP) centres. These, in turn, will help enhance the development and financing of infrastructure PPPs by member economies.
The Connectivity Blueprint also includes the establishment of an APEC Higher Education Research Centre to facilitate joint research and exchange of students and researchers, to achieve the goal of one million intra-APEC university-level students a year by 2020.
The bottom line is that APEC is important to Malaysia.Its member economies account for more than 76% of Malaysia’s global trade and around 54% of foreign direct investments.There will be challenges, there always are, but the fact is that APEC can create opportunity; it can support networks for Malaysian SMEs. Malaysia goes to APEC this year with a clear message: APEC member economies must remain committed towards strengthening the rules-based, transparent, open and non-discriminatory multilateral trading system. We must resist protectionist measures that would stymie the recovery of the global economic condition. Datuk Rebecca Fatima Sta Maria is secretary-general of the Ministry of International Trade and Industry. The views expressed here are entirely her own.
TWENTY-ONE leaders of the Asia-Pacific Economic Cooperation (APEC) economies meet in Beijing next week. It will mark the organisation’s 25th anniversary. So what has APEC got to show the world besides growing from 12-member economies in 1989 to 21 today? How effective has it been in driving trade and investment? What can these high-level meetings actually do to improve the global economy? If one asks whether APEC’s main goal – easing the barriers to doing business in the region – has been achieved, the answer has to be yes. Here’s why. To be sure, it’s had a head start. First, it accounts for 40% of the world’s population (2.8 billion people), 47% of global trade and 54% of the world’s real Gross Domestic Product in purchasing power parity (PPP) terms. Has it succeeded in easing tariff barriers? Again, yes. When APEC was established in 1989, the average tariffs in the region stood at 16.9%; today, those barriers have been reduced to 5.7%.
It has enabled greater intra-APEC trade, which has increased over seven-fold since 1989 and now constitutes 62.2% of total merchandise trade. It’s been the same for total trade (goods and services) which has increased seven-fold within the region.That’s significant when one considers that APEC’s positions are non-binding on its member states. Progress has inevitably come about through reason, cajolery or moral suasion, and perhaps the focus on the greater good.That way too lies Beijing. Strengthening the multilateral trading system will remain Apec’s priority.
Overriding these talks is the Bogor Goal of free and open trade and investment flows in the region by 2020.There are loftier goals. In 2010, APEC’s leaders agreed to work towards a Free Trade Agreement for the region (the Free Trade Agreement of the Asia Pacific, FTAAP) by pledging to certain pathways. These included trade and investment barriers, building on existing regional undertakings and regional trade agreements and continuing sectoral initiatives on issues such as services or e-business. China has chosen the theme “Shaping the Future through Asia-Pacific Partnership” to frame next week’s discussions on regional economic integration, economic reform and growth, and connectivity. Three key documents are likely to be endorsed. One is the “APEC Strategic Blueprint for Promoting Global Value Chains (GVC) Development and Cooperation”. The second is the “APEC Accord on Promoting Innovative Development, Economic Reform and Growth”. And finally there is the “APEC Blueprint on Connectivity”.
Advocating Regional Economic Growth
Source: The Star, 3 November 2014
MITI Weekly Bulletin / www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MALAYSIATrade Performance
Monthly Trade, January 2013 - September 2014
Source : Department of Statistics, Malaysia
Major Export Products, January - September 2014 Major Import Products, January - September 2014
Major Trading Partners, January - September 2014
PRCRM152.3 b
SingaporeRM145.9 b
JapanRM102.9 b
USARM86.3 b
ThailandRM59.3 b
TaiwanRM45.1 b
IndonesiaRM44.7 b
ROKRM44.3 b
AustraliaRM40.1 b
OthersRM356.6 b
Jan-Sep 2014
Trade Performance, January - September 2014
50
8.0
48
1.5
450
500
550
Jan - Sep 2014 Jan - Sep 2013
RM bil.Imports
(5.5%)
56
9.7
52
4.5
500
550
600
Jan - Sep 2014 Jan - Sep 2013
RM bil.Exports
(8.6%)
E&E PetroleumProducts
LNG Chemicals &ChemicalProducts
Palm Oil
188.5
53.347.2
38.0 35.5
172.8
47.343.2 35.5 33.4
RM bil.
Jan-Sep 2014 Jan-Sep 2013
E&E PetroleumProducts
Chemicals &ChemicalProducts
Machinery,appliances &
parts
Manufacturesof Metal
138.5
61.2
46.7 43.0
29.8
132.8
54.141.5 40.6
32.3
RM bil.
Jan-Sep 2014 Jan-Sep 2013
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep2013 2014
Exports 57.1 52.5 60.0 55.8 55.7 56.6 60.6 62.8 63.3 67.2 62.4 65.9 64.0 58.9 65.0 66.2 64.8 61.2 61.1 63.9 64.5Imports 53.7 44.3 55.1 54.8 52.9 52.4 57.9 55.8 54.6 58.6 52.5 56.1 57.6 48.5 55.4 57.5 59.2 57.1 57.5 60.0 55.2Total Trade 110.8 96.7 115.2 110.6 108.6 109.1 118.5 118.6 117.9 125.8 114.9 122.1 121.6 107.4 120.4 123.7 124.0 118.3 118.6 123.9 119.7
-10
10
30
50
70
90
110
130
RM b
illion
MITI Weekly bulletin www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Exports to the USA registered double digit growth in September 2014
Exports to ASEAN Countries, January - September 2014
INTERNATIONAL REPORT
Unemployment rate
5.4%(Q3 2014)
Visitor Arrivals
193,300(Sep 2014)
Source : Department of Statistics, Malaysia
Note : Linear Trendline - best-fit straight line that is used with simple linear data sets. Data is linear if the pattern in its data points resembles a line. A linear trendline usually shows that something is increasing or decreasing at a steady rate.
Source : Statistics, New Zealand
Major Export ProductsE&E - RM3.2 bOptical & ScientificEquipments - RM0.4 bRubber Products - RM0.3 b
GDP0.7%
(Q2 2014)
CPI0.3%
(Q3 2014)
Population4.5 million
(as at 7 Nov 2014)
5.0
4.2
4.9
4.7
5.0
4.8 4.9
5.0
4.9
5.2
4.8 4.8
5.0
4.5
5.2
5.55.6
5.3
5.1
5.3
5.7
3.5
4.0
4.5
5.0
5.5
6.0
Jan
Feb
Mar
Ap
r
May
Jun
Jul
Au
g
Sep Oct
No
v
Dec
Jan
Feb
Mar
Ap
r
May
Jun
Jul
Au
g
Sep
2013 2014
RM
bill
ion
Exports Linear (Exports)
16.2%(y-o-y)
18.1
15.1
16.6
16.0
15.3
15.8
17.517.7
17.3
18.1
15.8
18.2
17.2
16.0
18.518.8
17.8
17.3
17.8 17.9 17.9
14
15
16
17
18
19
20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2013 2014
RM
billio
n
Exports Linear (Exports)
Exports RM159.2 b
27.9% share of Malaysia'sexports
“Our ASEAN Neighbours”
MITI Weekly Bulletin / www.miti.gov.my
Viet Nam
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
K e y E c o n o m i c I n d i c a t o r sTrade With Malaysia, 2005 - Sep 2014
Source: General Statistics Office of Viet Nam
CPI(Jan-Sep 2014)
4.6%
NationalAccountsGDP 6.2% in
Q3 2014
Unemployment Rate
(Jan-Sep 2014)2.1%
Population92.5 mil. in
2014*
Note: *= estimated figure from world population review
-10
-5
0
5
10
15
20
25
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014(Jan-Sep)
RM
bill
ion
Exports Imports Trade Balance
Source: Department of Statistics, Malaysia
External Trade(Jan-Sep 2014)
Exports: US$109.6 bil.Imports: US$107.2 bil.
Total Trade: US$216.8 bil.
International Visitors(Jan-Sep 2014)
6.06 mil.Tourism: 3.66 mil.Business: 1.02 mil.Visiting Relatives: 1.04 mil.Others: 0.34 mil.
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin / www.miti.gov.my
11% of people are left handed
Source : www.did-you-knows.com
Hello!Ni Hao!Hola!
August has the highest percentage of births
The average person falls asleep in 7 minutes
Lemons contain more sugar than strawberries
8% of people have an extra rib
85% of plant life is found in the ocean
The Hawaiian alphabet has 12 letters
The MOST commonly used letter in the aphabet is E
The LEAST used letter in the aphabet is Q
The THREE most common languages in the world are English, Mandarin and Spanish
Source : http://www.gold.org/investments/statistics/gold_price_chart/
Malaysian Ringgit Exchange Rate with US Dollar and Australian Dollar January 2013 - October 2014
Gold and Silver Prices, 3 Jan - 31 Oct 2014
Aluminium, Nickel and Copper Prices, Jan 2013- Oct 2014
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin / www.miti.gov.my
Source : http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTDECPROSPECTS
Source : Bank Negara Malaysia
2.60
2.70
2.80
2.90
3.00
3.10
3.20
3.30
2.852.902.953.003.053.103.153.203.253.303.35
Jan Feb Mar
Apr
May
June
July
Aug
Sep Oct
Nov
Dec Jan Feb Mar
Apr
May
June
July
Aug
Sep Oct
2013 2014
US Dollar (USD) Australian Dollar (AUD)
1 AUD = RM 2.87
1 USD = RM 3.27
38.7
44.3243.09
37.43
35
37
39
41
43
45
3 J
an
10 J
an
17 J
an
24 J
an
30 J
an
7 F
eb
14 F
eb
21 F
eb
28 F
eb
7 M
ar
14 M
ar
21 M
ar
28 M
ar
4 A
pr
11 A
pr
18 A
pr
25 A
pr
2 M
ay
9 M
ay
16 M
ay
23
May
30
May
6 J
un
13
Ju
n 2
0 J
un
27
Ju
n 4
Ju
l 1
1 J
ul
18
Ju
l 1
Au
g 8
Au
g 1
5 A
ug
22
Au
g 2
9 A
ug
5 S
ep
t 1
2 S
ep
t 1
9 S
ep
t 2
6 S
ep
t 3
Oc
t 1
0 O
ct
17
Oc
t 2
4 O
ct
31
Oc
t
gold/usd/gramme
20.16
21.69 21.47
16.1615
17
19
21
23
25
3 J
an
10 J
an
17 J
an
24 J
an
30 J
an
7 F
eb
14 F
eb
21 F
eb
28 F
eb
7 M
ar
14 M
ar
21 M
ar
28 M
ar
4 A
pr
11 A
pr
18 A
pr
25 A
pr
2 M
ay
9 M
ay
16 M
ay
23
May
30
May
6 J
un
13
Ju
n 2
0 J
un
27
Ju
n 4
Ju
l 1
1 J
ul
18
Ju
l 1
Au
g 8
Au
g 1
5 A
ug
22
Au
g 2
9 A
ug
5 S
ep
t 1
2 S
ep
t 1
9 S
ep
t 2
6 S
ep
t 3
Oc
t 1
0 O
ct
17
Oc
t 2
4 O
ct
31
Oc
t
silver /usd/oz
2,038 1,946
8,047 6,737
17,473 15,812
0
5,000
10,000
15,000
20,000
25,000
Jan
13
Feb
13
Mar
13
Apr 1
3
May
13
Jun
13
Jul 1
3
Aug 1
3
Sep
13
Oct 1
3
Nov 1
3
Dec 1
3
Jan
14
Feb
14
Mar
14
Apr 1
4
May
14
Jun
14
Jul 1
4
Aug 1
4
Sept
14
Oct 1
4
Aluminium Copper Nickel
MITI Weekly Bulletin | www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin | www.miti.gov.my
Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
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 and Norway.
MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)
Value of Preferential Certificates of Origin
Value of Preferential Certificates of Origin
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
14 Sep 2014 1,011 604 267 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
12 Oct 2014 895 460 179 4,479 1,395 667
19 Oct 2014 1,025 544 220 4,993 1,770 787
26 Oct 2014 736 389 181 3,970 1,219 575
02 Nov 2014 1,095 531 235 4,622 1,470 776
MICECA MNZFTA MCFTA MAFTA
14 Sep 2014 315 13 74 36421 Sep 2014 326 8 60 49828 Sep 2014 331 3 45 4705 Oct 2014 349 8 51 342
12 Oct 2014 297 3 48 30419 Oct 2014 322 4 127 63926 Oct 2014 250 20 42 14002 Nov 2014 303 0 58 507
MJEPA MPCEPA GSP
14 Sep 2014 782 97 14921 Sep 2014 825 128 15128 Sep 2014 856 143 1255 Oct 2014 901 208 138
12 Oct 2014 785 135 12819 Oct 2014 865 130 16926 Oct 2014 571 125 6102 Nov 2014 1,054 161 164
14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 NovAANZFTA 93 75 105 69 71 91 60 96AIFTA 156 121 118 142 119 91 80 84AJCEP 214 296 76 78 193 67 63 91
0
50
100
150
200
250
300
350
RM m
illio
n
14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 NovATIGA 679 715 836 802 641 697 662 645ACFTA 819 601 721 490 541 570 604 834AKFTA 298 405 231 110 119 917 90 712
0
100
200
300
400
500
600
700
800
900
1,000
RM m
iliio
n
14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 NovMICECA 38.00 30.88 38.33 44.93 43.01 46.42 46.44 39.98MNZFTA 0.24 0.20 0.03 0.11 0.02 0.21 0.51 0.00MCFTA 8.66 6.68 4.74 6.03 6.17 18.94 10.46 12.94MAFTA 25.12 30.61 36.49 30.24 24.35 52.21 12.67 38.90
0
10
20
30
40
50
60
RM
mill
ion
14 Sep 21 Sep 28 Sep 5 Oct 12 Oct 19 Oct 26 Oct 2 NovMJEPA 249 161 146 113 122 154 91 182MPCEPA 36 28 34 70 19 15 44 25GSP 29 24 20 26 20 19 10 21
0
50
100
150
200
250
300
RM m
illion
MITI Weekly Bulletin | www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
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
Source :
1,666.51,647.5
1,614.5
1,507.0
1,529.0
1,453.0
1,422.0
1,433.5
1,470.5
1,607.5 1,602.0
1,482.0
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
15 Aug 22Aug 29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct
US
$/m
t
Rubber SMR 20
2,827.0
2,827.02,683.0 2,674.2
2,734.8
2,886.42,840.9
2,674.2
2,784.4
2,800.12,674.3
2,559.9
2,300
2,400
2,500
2,600
2,700
2,800
2,900
3,000
15 Aug 22Aug 29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct
US
$/M
T
Cocoa
340.5
337.5
345.5
333.5 334.8
339.5
336.3
345.3348.5
341.0
333.0328.5
300
310
320
330
340
350
360
15 Aug 22Aug 29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct
US
$/M
T
Raw Sugar
93.8
94.5
94.6
91.5
93.1
97.0
91.0
83.8
83.3
81.0 80.977.9
70
75
80
85
90
95
100
15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct
US
$/b
bl
Crude Petroleum60.1
59.0
57.2
56.5 56.5
54.5
51.452.8 51.8
51.3 51.6
53.3
46
48
50
52
54
56
58
60
62
15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct
US$
/mt
Coal
380.0
355.0
370.0
345.0
340
345
350
355
360
365
370
375
380
385
15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
150.5 154.6139.9 137.4
124.0
114.8127.2
137.1 134.2 132.6 136.3 135.8 128.1 121.4111.8 114.6
100.692.7 96.1 92.6
82.4 81.0
0
20
40
60
80
100
120
140
160
180
13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 14 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep 14 Oct
US
$/d
mtu
Iron Ore
2013 2014
750.0
720.0693.0
697.0710.0 705.0
726.0
822.0
718.5
822.0
699.0
710.5
600
650
700
750
800
850
15 Aug 22Aug 29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct 17 Oct 24 Oct 31 Oct
US
$/m
t
Crude Palm Oil
Crude Petroleum (31 October 2014)US$77.9 per bbl
Crude Palm Oil(31 October 2014)US$710.5 per MT
Highest & Lowest Prices, 2013/2014
17 October 2014 domestic prices for :1. Billets (per MT) : RM1,700 - RM1,7502. Steel bars (per MT) : RM1,900 - RM2,050
Commodity Prices
Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
Source :
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin / www.miti.gov.my
CommodityCrude
Petroleum (per bbl)
Crude Palm Oil (per MT)
Raw Sugar
(per MT)
Rubber SMR 20(per MT)
Cocoa SMC 2
(per MT)
Coal(per MT)
Scrap Iron HMS
(per MT)31 Oct 2014
(US$) 77.9 710.5 328.5 1,482.0 2,559.9 53.3 355.0 (high)345.0 (low)
% change* 3.7 1.6 1.4 7.5 4.3 3.2 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
Lowest
(US$ per bbl)
Highest(US$ per bbl)
Highest(US$ per MT)
Lowest
(US$ per MT)2014
13 Jun 2014: 107.62013
6 Sept 2013: 110.2
201431 Oct 2014: 77.9
201319 Apr 2013: 88.1
201414 Mar 2014: 982.5
201315 Nov 2013: 925.0
201429 Aug 2014: 693.0
20134 Jan 2013: 800.0
MITI Weekly Bulletin / www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
SUCCESS STORY
ABX Express (M) Sdn Bhd
ABX was founded 29 years ago as a small Bumiputera-owned business based in Labuan, providing courier services to domestic and international destinations. With financial assistance and support from the MIDF Soft Loan Scheme for Services Capacity Development (SLSCD), the company grew its business and increased its ICT capabilities. The new Mobile Workforce Devices Scanners system enabled ABX to verify the location and status of packages anywhere in the world.
In 2004, ABX became the first local courier company to collaborate with a network of international courier businesses, which allowed it to expand its operations globally. Today, the company has 78 service branches nationwide and counts well-known industry names such as Maybank and Petronas among its clients.
MITI Weekly Bulletin / www.miti.gov.my
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
Integrity Quote
“ He that is good at making excuses,is seldom good for anything else ”
Benjamin Franklin
Name : Hashim OmarDesignation : Chief Administrative AssistantJob Description : Responsible for supervising and
monitoring administrative assistants tohandle division tasks
Division : Multilateral Trade Policy and NegotiationsEmail : [email protected] Details : 03-62000118
Name : Azman MamatDesignation : Administrative AssistantJob Description :Responsible for assisting and handling
administrative tasksDivision :Multilateral Trade Policy and NegotiationsEmail :[email protected] Details :03-62000120