Showcase on Innovation for Productivity Enhancement Weekly Bulletin/MITI_Weekly... · Q1 2015 Q2...
Transcript of Showcase on Innovation for Productivity Enhancement Weekly Bulletin/MITI_Weekly... · Q1 2015 Q2...
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Showcase on Innovation for Productivity Enhancement
In line with the Malaysia Productivity Blueprint, a Showcase on Innovation for Productivity Enhancement was successfully organised by the National Oversight Productivity Council (NOPC) with the aim to foster the productivity and innovation of SMEs.
NOPC is chaired by YB Dato’ Seri Mustapa Mohamed, Minister of International Trade and Industry while the Malaysia Productivity Corporation (MPC) as the secretariat, monitors the productivity performance of companies before and after the innovation intervention programmes through the strategic partnership platforms.
There are four implementing agencies involved in the strategic innovation partnerships namely, the Ministry of Higher Education’s Public-Private Research Network (PPRN), SIRIM-Fraunhofer partnership, AIM- Steinbeis Foundation Malaysia and SME Corp – PlaTCOM Ventures Sdn.Bhd.
Through these strategic partnerships, a total of 656 projects have been successfully matched under PPRN. Meanwhile, a total of 446 technology audits have been carried out and 310 technology interventions have been implemented under SIRIM-Fraunhofer programme. At the same time, 139 projects have been completed under Steinbeis Malaysia Foundation and a total of 144 intellectual properties transferred and 22 innovations commercialised under PlatCOM Ventures.
Various case studies on project improvement from these four strategic innovation platforms are featured in the Benchmarking Online Networking Database (BOND). For more information on case studies, please visit bond.mpc.gov.my.
Ministry of International Trade and Industry17 August 2017
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MITI Weekly Bulletin | www.miti.gov.my
Malaysia
GDP at Constant 2010 Prices
287.2 billionRM
GDP at Current Prices
329.5 billionRMGNI per Capita at Current Prices
40,107RMRM254.8b RM261.1b RM269.4b RM278.0b RM265.2b RM271.4b RM281.0b RM290.6b RM280.1b RM287.2b
5.8%
4.9% 4.7% 4.6%4.1% 4.0%
4.3% 4.5%
5.6% 5.8%
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
EXPENDITURE
Services 6.3%
Mainly Led by Wholesale & Retail Trade and Information & Communication
Manufacturing6.0%
Propelled by Electrical, Electronic & Optical Products and Vegetable and Animal Oils & Fats and Food Processing
Mining & Quarrying0.2%
Declined in Crude Oil and slower growth in Natural Gas
Agriculture5.9%
Grew at moderate pace due to slowdown in Oil Palm and Rubber coupled with the declined in Forestry & Logging
Construction8.3%Boosted by Civil Engineering, Specialised Construction
Percentage Share of GDP at Constant 2010 Prices
Gross Domestic Product Q2 2017
5.8%Growth Rate
Pro duction
Activities and Non-residential Buildings
23.5%#
54.2%#
8.5%#
4.5%#
7.8%#
Note: # Share to GDP
Source: Department of Statistics, Malaysia
Q22017
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Source: Department of Statistics, Malaysia
140.3 140.8 142.6 145.2 147.5 148.9 151.5 153.2 156.0 158.3
1.4
0.4
1.3
1.8
1.5
1.0
1.7
1.2
1.8
1.5
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Services
GDP (RM bil.) Growth (%)
GDP Value and Growth by Economic Activity at Constant 2010 Prices
59.8 60.5 61.4 62.1 62.6 63.1 64.0 65.0 66.0 66.9
1.01.1
1.4
1.2
0.80.9
1.3
1.61.5
1.3
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Manufacturing
GDP (RM bil.) Growth (%)
24.2 23.9 23.8 23.6 23.9 24.4 24.5 24.8 24.3 24.4
1.4
-1.0
-0.3
-0.9
1.2
2.0
0.7
1.1
-2.0
0.3
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Mining & Quarrying
GDP (RM bil.) Growth (%)
22.8 24.6 23.8 23.1 21.9 22.6 22.4 22.6 23.8 24.0
0.7
7.8
-3.4 -3.0
-5.1
3.2
-0.9
0.8
5.4
0.9
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Agriculture
GDP (RM bil.) Growth (%)
11.5 11.4 11.8 12.0 12.3 12.5 12.7 12.6 13.1 13.5
3.5
-1.2
3.9
1.7
2.6
1.1
2.0
-0.5
3.4 3.5
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Construction
GDP (RM bil.) Growth (%)
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Business Tendency StatisticsQ2 2017
Quarterly Confidence Indicator, 2015-2017
Source: Department of Statistics, Malaysia
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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International Report
Source: http://www.bmiresearch.com/data/autos-production-risk-reward-index
Which are the most attractive Autos Production markets in the world based on a balance of Risks and Rewards?
BMI’s Autos Production Risk Reward Index (RRI) quantifies and ranks a country’s attractiveness within the context of the Automotive industry, based on the balance between the Risks and Rewards of beginning or maintaining Autos manufacturing operations in different countries. BMI Research combine industry-specific characteristics with broader economic, political and operational market characteristics. We weight these inputs in terms of their importance to investor decision making in the Autos sector. The index uses a combination of our proprietary forecasts and analyst assessment of the regulatory climate.
1. USARRI - 78.3
4. SpainRRI - 69.4
2. ChinaRRI - 76.2
3. ThailandRRI - 70.1
5. IndiaRRI - 68.6
6. MexicoRRI - 67.1
7. UKRRI - 66.6
8. GermanyRRI - 65.9
9. MalaysiaRRI - 65.0
10. RussiaRRI - 61.0
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Ten More Technologies Which Could Change Our Lives
Are we on the verge of switching over to electric cars, and what would be the consequences of this transition for the climate, our health, and the way we live our lives in the future?
1. Electric cars
2. Intelligent urban transport systems
3. Maglev transportation
4. Wood
Could the well-established, but for non-scientists counterintuitive, theory of quantum mechanics one day revolutionise commonplace technical devices such as sensors, communication devices and computers?
6. Quantum technologies
5. Precision agriculture
How can information technology contribute to alleviating traffic gridlock in our increasingly congested urban areas?
Magnetic levitation-based transport might soon enter our lives, providing faster, safer and more energy-efficient journeys. As longer distances can be covered faster and more cleanly, could they change the way in which we choose where to live?
Can new technologies contribute to a revival of wood as a source for biomass and construction material,and play a leading role in the fight against climate change?
Could introducing more precision agriculture in Europe allow us to boost food resilience, while ensuring sustainability and jobs, while taking the wide diversity of agriculture throughout the EU into account?
What will be the impact of radio frequency identification tags, and other short-range communication devices, on how the Internet of Things transforms our way of life?
7. Radio frequency identification tags
Big data can open up enormous new opportunities in health care, but how can we ensure that they bring benefits to everyone?
8. Big data and health care
Organoids are artificially grown organs that mimic the properties of real organs. What new possibilities for treating diseases, drug development, and personalised and regenerative medicine do organoids provide?
9. Organoids
A new technique to simplify gene editing might herald a new era of genetic modification. What are the benefits and potential dangers of this technique, and how should policy-makers respond?
10. Genome editing
Source: http://www.europarl.europa.eu/RegData/etudes/IDAN/2017/598626/EPRS_IDA(2017)598626_EN.pdf
The aim of this publication is not only to draw attention to these ten particular technologies, but also topromote reflection about other technological developments that might still be at an early stage, but thatcould, in a similar way, massively impact our lives in the short-or longer-term future.
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Malaysia InternationalTrade & Exhibition Centre (MITEC)
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Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
0
20
40
60
80
100
120
140
160
180
0
5
10
15
20
25
30
35
40
45
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
0
1,000
2,000
3,000
4,000
5,000
6,000
0
200
400
600
800
1,000
1,200
1,40028
Ma
y
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
50
100
150
200
250
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
0
50
100
150
200
250
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
350
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
20
40
60
80
100
120
140
160
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
0.0
0.1
0.1
0.2
0.2
0.3
0.3
0.4
0.4
0.5
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
140
160
180
200
0
10
20
30
40
50
60
70
80
90
100
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-China Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
10
20
30
40
50
60
70
80
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
70
80
90
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
0
50
100
150
200
250
300
350
400
450
500
28 M
ay
4 Ju
n
11 J
un
18 J
un
25 J
un
2 Ju
l
9 Ju
l
16 J
ul
23 J
ul
30 J
ul
6 A
ug
13 A
ug
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - July 2017
US Dollar
Philippine Peso
Vietnamese Dong
Hong Kong Dollar
Indonesian Rupiah
Indian Rupee
4.34814.2903
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
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
2016 2017
RM
USD 1 = RM
9.1465
8.4725
8.00
8.20
8.40
8.60
8.80
9.00
9.20
9.40
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
2016 2017
RM
PHP 100 = RM
0.0194
0.0189
0.015
0.016
0.017
0.018
0.019
0.020
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
2016 2017
RM
VND 100 = RM
55.892754.9438
46.00
48.00
50.00
52.00
54.00
56.00
58.00
60.00
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
2016 2017RM
HKD 100 = RM
0.0313 0.0322
0.020
0.022
0.024
0.026
0.028
0.030
0.032
0.034
0.036
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
2016 2017
RM
IDR 100 = RM
6.4609
6.6565
5.20
5.40
5.60
5.80
6.00
6.20
6.40
6.60
6.80
7.00
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
2016 2017
RM
INR 100 = RM
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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.
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
Commodity PricesCommodity 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
CRUDE PETROLEUM (BRENT)-per bbl-
18 Aug 2017 : US$52.7, 1.2%*
Average Pricei : 2016: US$45.3 2015: US$53.6
CRUDE PALM OIL-per MT-
18 Aug 2017 : US$668.5, 1.8%*Average Pricei : 2016: US$702.2 2015: US$616.9
RUBBER SMR 20-per MT-
18 Aug 2017 : US$1,539.0, 1.2%*
Average Pricei : 2016: US$1.394.5 2015: US$1.364.3
COAL -per MT-18 Aug 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9
COCOA SMC 2-per MT-
18 Aug 2017 : US$1,350.1, 4.9%*
Average Pricei : 2016: US$1,609.8 2015: US$2,077.0
SCRAP IRON HMS-per MT-
18 Aug 2017 : US$350.0 (high), unchanged US$340.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6
HIGHEST and LOWEST 2016/2017
Highest 6 Jan 2017 : US$57.1 30 Dec 2016 : US$56.8
Lowest
23 June 2017 : US$45.5
15 Jan 2016 : US$28.9
Crude Petroleum
(Brent)-per bbl-
Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5
Lowest
15 Jan 2016 : US$545.5 30 June 2017 : US$650.0
Crude Palm Oil -per MT-
Domestic Prices18 Aug 2017
Steel Bars(per MT)
RM2,420 – RM2,570
Billets(per MT)
RM2,200 – RM2,250
SUGAR -per lbs-18 Aug 2017 : US¢ 13.4, 1.6%*
Average Pricei : 2016: US¢18.2 2015: US¢13.2
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Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
722.5 720.0
707.0
688.5
650.0 650.0
666.0670.5 669.5
665.0
656.5
668.5
600
620
640
660
680
700
720
740
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US$
/mt
Crude Palm Oil
1,459.8
1,417.9
1,501.7
1,270.7
1,385.7
1,419.1
1,373.5
1,421.7
1,448.6
1,543.1
1,420.1
1,350.1
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US$
/mt
Cocoa
13.7
14.5
13.6
13.2
13.8
14.2
14.314.4 14.4
14.1
13.2
13.4
12.0
12.5
13.0
13.5
14.0
14.5
15.0
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US¢
/lbs
Sugar
1,447.5
1,393.5
1,469.0
1,381.0
1,540.0
1,469.0
1,510.0
1,568.5
1,433.5
1,477.5
1,520.5
1,539.0
1,300
1,350
1,400
1,450
1,500
1,550
1,600
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US$
/mt
Rubber SMR 20
6,900 7,088 7,113
7,281
6,917 6,851 6,730
6,337
6,085 5,965
4,516
3,984
4,366
4,605
4,188
4,571
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2016 2017
USD
/ to
nne
Black Pepper
* until 31 May 2017** data for April & June 2017 are not available
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
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.
1,481
1,531
1,531
1,571 1,551
1,594
1,629
1,639
1,592
1,666
1,737
1,728
1,791
1,861
1,901
1,921
1,913 1,885
1,903
1,400
1,500
1,600
1,700
1,800
1,900
2,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2016 2017
US$
/ to
nne
Aluminium
4,472 4,599
4,954 4,873
4,695 4,642
4,865 4,752
4,722
4,731
5,451
5,660 5,755
5,941 5,825
5,684 5,600
5,720
5,985
4,000
4,500
5,000
5,500
6,000
6,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2016 2017
US$
/ to
nne
Copper
8,507 8,299
8,717 8,879
8,660
8,928
10,263
10,336
10,192
10,260
11,129 10,972
9,971
10,643
10,205
9,609
9,155 8,932
9,491
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
11,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2016 2017
US$
/ to
nne
Nickel
47.7
45.8
44.7
43.0
46.3
44.2
46.6
45.8
49.7 49.6
48.848.5
50.0
48.2
47.4
45.5
47.9
46.7
49.0
48.1
52.5 52.452.1
52.7
40
42
44
46
48
50
52
54
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US$
/bb
l
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
935.0
942.0
926.0930.0
914.0 914.0
921.0
940.0
930.0
969.0
987.0 988.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US$
/oz
Platinum
270.0 270.0 270.0 270.0 270.0
300.0
315.0 315.0320.0
330.0
350.0 350.0
240.0 240.0 240.0 240.0 240.0
280.0
300.0 300.0
310.0
320.0
340.0 340.0
200
220
240
260
280
300
320
340
360
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
41.88
46.83
56.20
60.92
55.1351.98
57.26
60.8957.79
59.09
73.10
80.02
80.41
89.4487.65
70.22
62.43
57.48
67.74
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2016 2017
US$
/dm
tu
Iron Ore
17.4
17.2
16.8 16.816.7
15.9
16.1
16.5
16.7
16.5
17.1
17.2
15.0
15.5
16.0
16.5
17.0
17.5
2 Jun 9 Jun 16 Jun 23 Jun 30 Jun 7 Jul 14 Jul 21 Jul 28 Jul 4 Aug 11 Aug 18 Aug
US$
/oz
Silver
41.0
40.7
40.4 40.4
39.9
39.1
39.6
40.1
40.7
40.4
41.4
41.7
37.5
38.0
38.5
39.0
39.5
40.0
40.5
41.0
41.5
42.0
1 Jun 8 Jun 15 Jun 22 Jun 29 Jun 6 Jul 13 Jul 20 Jul 27 Jul 3 Aug 10 Aug 17 Aug
US$
/oz
Gold
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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The Malaysia Aerospace Industry Summit 2017 (MyAERO’17), 15 August 2017
MITI PROGRAMMEMITI PROGRAMME
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MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEShowcase on Innovation for Productivity Enhancement
17 August 2017
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MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEProgram Penanaman Pokok ‘MERDEKA’ & Perasmian Bulan Kemerdekaan
17 August 2017
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of Technical Terms
International Commercial Terms (Incoterms)Initially created in 1936 by the International Chamber of Commerce (ICC) and have been periodically revised (Incoterms® 2010 is the 8th revision). Incoterms® reflect world-wide trade practices, as practices change, Incoterms® are revised.
International Payment MethodsCash in Advance:
Time of Payment : Before Shipment Goods Available to Buyer : After Payment
Open Account
Time of Payment : As agreed; e.g.: 30 daysGoods Available to Buyer : Before Payment
Letters of Credit (L/Cs) are legal instruments issued by banks (on behalf of their customers) with the conditional obligation to make payment to the beneficiary of the L/C
Documentary (Trade) Letters of Credit are used to facilitate payments in import and export transactionsStandby Letters of Credit are “standing by” for an event of default or non-performance before they can be drawn on.
Invisible handAdam Smith’s shorthand for the ability of the free market to allocate factors of production, goods and services to their most valuable use. If everybody acts from self-interest, spurred on by the profit motive, then the economy will work more efficiently, and more productively, than it would do were economic activity directed instead by some sort of central planner. It is, wrote Smith, as if an ‘invisible hand’ guides the actions of individuals to combine for the common good. Smith recognised that the invisible hand was not infallible, however, and that some government action might be needed, such as to impose antitrust laws, enforce property rights, and to provide policing and national defence.
Invisible tradeExports and imports of things you cannot touch or see: services, such as banking or advertising and other intangibles, such as copyrights. Invisible trade accounts for a growing slice of the value of world trade.
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Announcement
1Malaysia New Icon
The new 1Malaysia icon is a combination of the Jalur
Gemilang and Negaraku and is a symbol to reinforce the
message of fostering national unity.
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to families and loved ones of the victims of the terrorist attacks in Barcelona, Spain,
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