MITI in the news

12
No. ISSN: 2180-0448 DRIVING Transformation, POWERING Growth” Source:Bernama, 4 November 2014 MITI in the news MITI Weekly Bulletin / www.miti.gov.my View AEC’s Open Market As Opportunity, Not Threat The 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.

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

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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

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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

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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

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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.

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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

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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

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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

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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 :

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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

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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