Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma...

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Source:Bernama,19 October 2015 Briefings on the Trans-Pacific Partnership Agreement (TPPA) nationwide have started to give positive outcome as more people understand the trade accord, according to International Trade and Industry Minister Dato’ Seri Mustapa Mohamed. He said through the explanations, the people could see and evaluate the good and bad effects when the TPPA is implemented later. Mustapa: Briefing on TPPA Effective “Before the explanations, they could only see the bad (effects) but now I find it’s more balanced, their level of understanding has increased after getting a more comprehensive picture on the TPPA,” he told reporters after launching Wisma Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings, people would be able to make impartial consideration on the good and bad effects of the TPPA. Meanwhile, Mustapa who is also Kelantan Federal Development Action Council chairman hoped Kelantan would secure new projects that could improve the people’s standard of living via Budget 2016 that would be tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament . MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth”

Transcript of Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma...

Page 1: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Source:Bernama,19 October 2015

Briefings on the Trans-Pacific Partnership Agreement (TPPA) nationwide have started to give positive outcome as more people understand the trade accord, according to International Trade and Industry Minister Dato’ Seri Mustapa Mohamed.

He said through the explanations, the people could see and evaluate the good and bad effects when the TPPA is implemented later.

Mustapa: Briefing on TPPA Effective

“Before the explanations, they could only see the bad (effects) but now I find it’s more balanced, their level of understanding has increased after getting a more comprehensive picture on the TPPA,” he told reporters after launching Wisma Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the

briefings, people would be able to make impartial consideration on the good and bad effects of the TPPA.

Meanwhile, Mustapa who is also Kelantan Federal Development Action Council chairman hoped Kelantan would secure new projects that could improve the people’s standard of living via Budget 2016 that would be tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament .

MITI Weekly Bulletin / www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 2: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

MALAYSIA

Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my

Notes: % refer to y-o-y growth

Monthly IPI by SectorJanuary 2014 - August 2015

95.5

128.7

140.2

80

100

120

140

160

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

2014 2015

Index

Mining Manufacturing Electricity

INDUSTRIAL PRODUCTION INDEX (IPI) January - August 2015

Electricity Index 140.2 15.9%

Mining Index 95.5 3.4%

Manufacturing Index 128.7 4.3% “D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

IPI 119.7 3.0%

Page 3: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Manufacturing Sector Performance

Employment by Industry, Jan-Aug 2015

321,267 persons( 0.7%)

Electrical & Electronics

1,026,534persons

( 0.6)

TotalEmployees

Rubber Product

Notes:Others include Transport Equipment, Processed Food And Beverages, Non-Metallic Minerals Products, Textiles & Apparel, Machinery & Equipment, Scientific & Measuring, Paper, Printing & Publishing, Medical Devices, Leather & Leather and Miscellaneous.

MITI Weekly Bulletin / www.miti.gov.mySource : Department of Statistics, Malaysia

126,458 persons( 2.1%)

Chemicals

Wood and Wood Products

99,606 persons( 4.0%)

Metal

86,944 persons( 0.4%)

79,157 persons( 2.4%)

313,111 persons( 1.4%)

Others

Notes: % refer to y-o-y growth

Indica

tors, J

an - A

ug 20

15 Exports RM398.1 bil. ( 3.0%)

Imports RM387.3 bil. ( 0.5%)Manufacturing

Index 128.7 ( 4.3%)Sales RM436.0 bil. ( 0.2%)

Employment

Salary RM24.0 bil. ( 5.0%)1,026,534 persons ( 0.6%)

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

Page 4: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

and You’

MITI Weekly Bulletin / www.miti.gov.my

‘“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI’s ASEAN Portal can be accessed via http://aec2015.miti.gov.my/

ASEAN Index of Economic Freedom, 2015 (Monetary Freedom Component)

Scores between 0-100Monetary freedom combines a measure of price stability with an assessment of price controls. Both inflation and price controls distort market activity. Price stability without microeconomic intervention is the ideal state for the free market.The score for the monetary freedom component is based on two factors:1) The weighted average inflation rate for the most recent three years and2) Price controls.The Index relies on the following sources for data on monetary policy, in order of priority: International Monetary Fund, International Financial Statistics Online; World Economic Outlook, 2012; Economist Intelligence Unit, ViewsWire; and official government publications of each country.

Singapore83.7

1Malaysia

80.8

2Phillipines

78.8

3

Cambodia78.7

4Brunei

76.6

5Indonesia

74.9

6

Laos74.5

7Thailand

69.9

8Viet Nam

66.8

9Myanmar

66.1

10

Source: http://www.heritage.org/index/monetary-freedom

Page 5: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Inte

rnat

ional

Repo

rtIMF Projection

for Selected Emerging and Developing Asia Economies7.4

6.86.3

7.27.5 7.5

5.0 5.25.5

0.7

3.74.0

6.0

4.8 4.9

6.16.7

6.36.0 6.0 5.8

0.0

2.0

4.0

6.0

8.0

2014 2015* 2016*

Percent (%) Real GDP

China India Indonesia Thailand Malaysia Philippines Vietnam

2.0

1.21.5

6.0 6.15.7

6.46.8

5.8

1.9

0.3

2.4

3.12.7

3.0

4.2

2.1

2.8

4.1

2.5

3.2

0.0

2.0

4.0

6.0

8.0

2014 2015* 2016*

Percent (%) Consumer Prices

China India Indonesia Thailand Malaysia Philippines Vietnam

4.1 4.1 4.1

6.1 5.8 5.6

0.8 0.8 0.8

2.9 3.0 3.0

6.86.2 6.0

2.5 2.5 2.5

0.0

2.0

4.0

6.0

8.0

2014 2015* 2016*

UnemploymentPercent (%)

China Indonesia Thailand Malaysia Philippines Vietnam

Source: http://www.imf.org/external/pubs/ft/weo/2015/update/02/

Note: * Projections % refer to y-o-y growth

MITI Weekly Bulletin / www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 6: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Visa Restrictions Index 2015Rank Score*1 Germany 173 UK 2 Findland 172 Sweden USA3 Denmark 171 France Italy Japan ROK Luxembourg Netherlands Norway 4 Belgium 170 Canada New Zealand Portugal Spain

Rank Score*5 Austria 169 Ireland Singapore Switzerland 6 Australia 1687 Greece 167 Malta8 Iceland 164 Czech Republic 9 Malaysia 163 Hungary 10 Slovakia 162 18 Argentina 150 Brunei

Note:Visa Restrictions Index is a global ranking of countries according to the travel freedom that their

citizens enjoy.

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

DID YOU KNOW?

Source:https://www.henleyglobal.com/Note:* Number of countries and territories which can be entered without a visa by a citizen of the respective country

MITI Weekly Bulletin / www.miti.gov.my

Page 7: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Malaysian Ringgit Exchange Rate with Singapore Dollar and Thai Baht

Source : Bank Negara, Malaysia

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

9.00

9.50

10.00

10.50

11.00

11.50

12.00

12.50

2.202.302.402.502.602.702.802.903.003.10

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

2014 2015

SGD = RM 100 THB = RM

100 THB = RM 11.97

1 SGD = RM 3.05

16.0 16.1

13.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

12 Ju

n19

Jun

26 Ju

n3

Jul

10 Ju

l16

Jul

24 Ju

l31

Jul

7 Au

g14

Aug

21 A

ug28

Aug

4 Se

p11

Sep

18 S

ep25

Sep

2 Oc

t9

Oct

16 O

ct

US$/Oz Silver

1,096.0

1009.0

900.0

950.0

1,000.0

1,050.0

1,100.0

1,150.0

12 Ju

n19

Jun

26 Ju

n3

Jul

10 Ju

l16

Jul

24 Ju

l31

Jul

7 Au

g14

Aug

21 A

ug28

Aug

4 Se

p11

Sep

18 S

ep25

Sep

2 Oc

t9

Oct

16 O

ct

US$/Oz Platinum

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

http://online.wsj.com/mdc/public/page/2_3023-cashprices.html?mod=topnav_2_3023

Gold Prices, 12 June - 16 October 2015

Silver and Platinum Prices, 12 June - 16 October 2015

38.0

38.0

34.0

34.5

35.0

35.5

36.0

36.5

37.0

37.5

38.0

38.5

39.0

12 Ju

n

19 Ju

n

26 Ju

n

3 Ju

l

10 Ju

l

16 Ju

l

24 Ju

l

31 Ju

l

7 Au

g

14 A

ug

21 A

ug

28 A

ug

4 Se

p

11 S

ep

18 S

ep

25 S

ep

2 Oc

t

9 Oc

t

16 O

ct

US$/Gram Gold

Page 8: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Source: Ministry of International Trade and Industry, Malaysia

AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009) ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)

AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)

MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)

MTFTA: Malaysia-Turkey Free Trade Agreement (Implemented since 1 August 2015)

MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 OctAANZFTA 99 85 78 82 70 124 109 88AIFTA 153 209 188 156 522 153 252 182AJCEP 71 58 91 110 67 89 122 102

0

100

200

300

400

500

600

RM

mill

ion

23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 OctATIGA 783 1,272 754 681 766 659 944 849ACFTA 982 557 435 902 341 480 901 645AKFTA 137 160 172 851 123 271 150 659

0

200

400

600

800

1,000

1,200

1,400

RM

mill

ion

23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 OctMICECA 56.30 47.98 47.81 35.16 38.17 50.45 55.99 44.26MNZFTA 0.08 0.10 0.01 0.45 0.07 0.42 0.09 0.10MCFTA 12.65 24.53 43.73 55.92 6.16 20.31 11.12 30.17MAFTA 41.61 35.63 30.60 30.81 32.08 35.02 40.40 44.61

0

10

20

30

40

50

60

RM m

illio

n

23 Aug 2015 30 Aug 2015 6 Sep 2015 13 Sep 2015 20 Sep 2015 27 Sep 2015 4 Oct 2015 11 Oct 2015AANZFTA 1,040 916 727 868 674 1,017 1,026 875

AIFTA 724 780 577 614 574 597 776 643

AJCEP 211 210 195 236 167 197 241 250

ATIGA 4,422 4,358 4,506 4,346 3,955 4,037 4,837 4,481

ACFTA 1,505 1,461 1,242 1,307 1,021 1,035 1,582 1,552

AKFTA 912 744 755 825 609 755 778 837

MICECA 336 305 239 250 274 302 311 338

MNZFTA 3 3 2 21 2 7 6 10

MCFTA 110 71 65 77 42 57 77 71

MAFTA 449 436 318 414 368 390 417 481

MJEPA 815 966 771 732 754 824 927 679

MPCEPA 186 170 109 155 115 130 153 113

GSP 160 129 144 123 122 159 176 103

MTFTA 239 283 152 321 141 172 202 217

23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 OctMJEPA 162 162 113 131 165 157 154 112MPCEPA 69 41 11 53 59 16 20 12GSP 27 21 32 23 48 39 32 44MTFTA 68 89 112 144 55 62 72 147

0

20

40

60

80

100

120

140

160

180

RM m

illio

n

Value of Preferential Certificates of Origin

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

“DR

IVIN

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ransformation, P

OW

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G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

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

Page 9: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

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)16 Oct 2015

(US$) 47.3 586.0 298.0 1,280.5 2,030.2 46.4 210 (high)195 (low)

% change* 4.8 0.3 2.0 0.1 0.2 0.2 unchangedunchanged

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

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

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

Commodity Prices

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 n.a Not availble

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.

Highest and Lowest Prices, 2014/2015

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum (16 Oct 2015)

US$47.3 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

201529 May 2015: 60.3

201521 Aug 2015: 40.5

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (16 Oct 2015)

US$586.0 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

201516 Jan 2015: 701.0

20154 Sep 2015: 500.5

Steel Bars(per MT)

RM1,500 - RM1,600

Average Domestic Prices, 9 Oct 2015

Billets(per MT)

RM1,300 - RM1,350

Page 10: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my

622.5

599.5

577.5

551.0

512.5

500.5 503.5

529.5

522.0

553.5

584.0

586.0

480

500

520

540

560

580

600

620

640

31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct

US$

/mt

Crude Palm Oil

2,183.8

2,231.5

2,058.0

2,094.5

2,115.5

2,047.3

2,033.5 2,021.6

2,044.3

2,009.8

1,910.4

2,034.5

2,030.2

1,700

1,800

1,900

2,000

2,100

2,200

2,300

24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct

US$

/mt

Cocoa

242.0

234.0228.5 228.0

240.0245.3

249.0254.0

245.8

274.8

292.3298.0

200

220

240

260

280

300

320

31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct

US$

/mt

Raw Sugar

1,396.0

1,343.5

1,341.5

1,302.5

1,285.0

1,216.5

1,281.5

1,250.51,262.5

1,243.5

1,279.5

1,280.5

1,100

1,150

1,200

1,250

1,300

1,350

1,400

1,450

31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct

US$

/mt

Rubber SMR 20

5,740

5,779 5,843

6,245

6,469 6,515

6,864

7,822

7,707

7,967

7,894 7,806

7,507

7,286 7,267

7,853

7,148 7,063

7,296

6,742

6,940

7,026

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

2014 2015

USD

/ to

nne

Black Pepper

* until 16 October 2015

48.147.1

43.9

42.5

40.5

45.246.1

44.6 44.745.7 45.5

49.6

47.3

54.6

52.2

48.6 49.0

45.5

50.1 49.6

48.147.5

48.6 48.1

52.7

50.5

35

40

45

50

55

60

24 Jul 31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct

US$

/bbl

Crude Petroleum

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

Page 11: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my

1,727

1,695 1,705

1,811

1,751

1,839

1,948

2,030

1,990

1,946

2,056

1,909

1,815

1,818

1,774

1,819

1,804

1,688

1,640

1,548

1,590

1,500

1,600

1,700

1,800

1,900

2,000

2,100

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

2014 2015

US$

/ to

nne

Aluminium

14,101 14,204

15,678

17,374

19,401

18,629

19,118

18,600 18,035

15,812 15,807

15,962

14,849

14,574

13,756

12,831

13,511

12,825

11,413

10,386 9,938

9,000

11,000

13,000

15,000

17,000

19,000

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

2014 2015

US$

/ to

nne

Nickel

270.0

280.0 280.0 280.0

270.0

260.0

250.0 250.0

240.0

230.0 230.0

210.0

250.0

260.0 260.0 260.0

250.0

230.0 230.0 230.0

220.0

210.0 210.0

195.0

180

200

220

240

260

280

300

15 May 29 May 5 Jun 19 Jun 3 Jul 24 Jul 7 Aug 14 Aug 28 Aug 11 Sep 25 Sep 9 Oct

US$

/mt

Scrap Iron

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

7,291

7,149

6,650 6,674

6,891

6,821

7,113 7,002

6,872

6,737

6,713

6,446

5,831

5,729

5,940 6,042

6,295

5,833

5,457

5,127 5,217

5,000

5,200

5,400

5,600

5,800

6,000

6,200

6,400

6,600

6,800

7,000

7,200

7,400

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

2014 2015

US$

/ to

nne

Copper

47.5

47.3 47.3 47.3

47.2

47.3 47.3

46.9 46.9

46.6

46.446.4

45.6

45.8

46.0

46.2

46.4

46.6

46.8

47.0

47.2

47.4

47.6

47.8

31 Jul 7 Aug 14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct

US$

/mt

Coal

128.1

121.4

111.8

114.6

100.6

92.7

96.192.6

82.4

81.0

74.0

68.0

68.0

63.0

58.0

52.0

60.063.0

52.0

56.0 57.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

140.0

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

2014 2015

US$/

dmtu

Iron Ore

Page 12: Mustapa: Briefing on TPPA Effective Weekly... · Persekutuan week with customers and Wisma Persekutuan Kelantan Cooperative Fiesta here. Mustapa hoped that through the briefings,

The Dock Cleaner’s Guide to Success

The story of Abdul Malik Bin Samat is a classic entrepreneurial success story. Years of timeless effort and a burning entrepreneurial spirit have rewarded Malik well. He is the proud owner of the biggest bitumen depot in north of Peninsular Malaysia, a facility with a built-up holding capacity of 12,000 metric tons. What is the story behind his success?

When he started out in his career Malik was working as an ordinary dock cleaner. Day in and day out, he was only cleaning up the mess left behind by the oil tankers. Malik was grateful for the decent money he was earning from his humble job but he had bigger ambitions for his life.

He was able to see himself doing well in the industry, and thus he made plans to start a small business to trade in petroleum products. In 1999, with an initial capital of RM50,000 and armed with a sharp business mind, Malik started business with a humble workforce of 5 employees.

He supplied diesel and fuel oil to the industrial regions in northern Malaysia. Initially, he could only afford to rent diesel lorries to transport products and support his business growth. He quickly learned how to compete and succeed. Malik got his first big breakthrough when he won a big contract to supply diesel and fuel oil to a major multi-national company.

As his company grew, Malik started to explore financing possibilities. As a small company Malik found it very difficult to even get an appointment with the commercial bankers. However Malik found a willing audience with SME Bank and was pleasantly surprised that the bank even took the initiative to help him with technical and financial consultancy. In 2009, Malik was

provided with the financing that he needed - a whopping RM17 million under Pembiayaan Bai’Istisna (BIS), followed by another RM 9 million under Bai’Bithaman Ajil (BBA). With this much needed injection of capital and expertise, Malik’s company was able to achieve remarkable growth.

The shining jewel of Malik’s crown is his multi-million ringgit bitumen depot which he built from reclaiming a piece of swampland near the Butterworth jetty. It truly is a testament to his impressive entrpreneurial spirit and determination. The depot is strategically located with access to sea and air routes connecting it to major ports and cities around the globe.

With a workforce of almost 100 multi-talented professionals, Innate Synergy Sdn Bhd stands as a major supplier of petroleum products such as bitumen, diesel, MFO, LFO, LPG and lubricants. The company now owns a fleet of 30 owned and chartered Bitumen tankers and 5 ADO tankers. Next on Malik’s list of things to do is to own his very own sea-going oil tanker. We look forward to seeing this dynamic entrepreneur chart his spectacular course!

- See more at: http://www.yoursuccessourstory.com/story02.html#page=page-1

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MITI Weekly Bulletin / www.miti.gov.my

Innate Synergy Sdn BhdAddress: 23, Lebuh Nipah, 11900, Pulau PinangT e l : + 6 0 4 - 6 4 5 7 2 9 3

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MITI Programme Perhimpunan Bulanan MITI & Agensi

20 Oktober 2015

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MITI Weekly Bulletin / www.miti.gov.my

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Program #TANYA GOMENKuala Lumpue Sentral

16 Oktober 2015

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MITI Weekly Bulletin / www.miti.gov.my

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MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY (MITI)Trans-Pacific Partnership Ministers’ Statement

October 5, 2015

We, the trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam, are pleased to announce that we have successfully concluded the Trans-Pacific Partnership. After more than five years of intensive negotiations, we have come to an agreement that will support jobs, drive sustainable growth, foster inclusive development, and promote innovation across the Asia-Pacific region. Most importantly, the agreement achieves the goal we set forth of an ambitious, comprehensive, high standard and balanced agreement that will benefit our nation’s citizens.

TPP brings higher standards to nearly 40 percent of the global economy. In addition to liberalizing trade and investment between us, the agreement addresses the challenges our stakeholders face in the 21st century, while taking into account the diversity of our levels of development. We expect this historic agreement to promote economic growth, support higher-paying jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countries; and to promote transparency, good governance, and strong labor and environmental protections.

To formalize the outcomes of the agreement, negotiators will continue technical work to prepare a complete text for public release, including the legal review, translation, and drafting and verification of the text. We look forward to engaging with stakeholders on the specific features of this agreement and undergoing the domestic processes to put the agreement in place.

Announcement

MITI Weekly Bulletin / www.miti.gov.my

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MITI Weekly Bulletin / www.miti.gov.my

More infomation on World Statistics Day’s Background can be accessed via https://www.statistics.gov.my/index.php?r=column/cone&menu_id=ait1MUIrazlDTVM3cU1uWWI2aHlXZz09

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

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