Volume 327

17
21 ST ASEAN ECONOMIC MINISTERS’ RETREAT KOTA BHARU KELANTAN, MALAYSIA 28 February -1 March 2015 H.E. Dato‘ Sri Mustapa Mohamad Minister of International Trade and Industry MALAYSIA H.E. Rahmat Gobel Minister of Trade Indonesia H.E. Gregory L. Domingo Secretary of Trade and Industry Philippines H.E. Dr. Kan Zaw Union Minister of National Planning & Economic Myanmar H.E. Mrs. Apiradi Tantraporn Deputy Minister of Commerce ailand H.E. Sun Chanthol Senior Minister and Minister of Commerce Cambodia H.E. Pehin Dato Lim Jock Seng Second Minister of Foreign Affairs and Trade Brunei Darussalam H.E. Khemmani Pholsena Minister of Industry and Commerce Lao PDR H.E. Dr. Vu Huy Hoang Minister of Industry and Trade Vietnam H.E. Lim Hng Kiang Minister of Trade and Industry Singapore MITI Weekly Bulletin / www.miti.gov.my 01 “DRIVING Transformation, POWERING Growth”

Transcript of Volume 327

Page 1: Volume 327

21ST ASEAN ECONOMIC MINISTERS’ RETREATKOTA BHARU KELANTAN, MALAYSIA

28 February -1 March 2015

H.E. Dato‘ Sri Mustapa MohamadMinister of

International Trade and IndustryMALAYSIA

H.E. Rahmat GobelMinister of Trade

Indonesia

H.E. Gregory L. DomingoSecretary of Trade and Industry

Philippines

H.E. Dr. Kan ZawUnion Minister of

National Planning & Economic Myanmar

H.E. Mrs. Apiradi TantrapornDeputy Minister of Commerce

Thailand

H.E. Sun ChantholSenior Minister and

Minister of CommerceCambodia

H.E. Pehin Dato Lim Jock SengSecond Minister of

Foreign Affairs and TradeBrunei Darussalam

H.E. Khemmani PholsenaMinister of Industry and Commerce

Lao PDR

H.E. Dr. Vu Huy HoangMinister of Industry and Trade

Vietnam

H.E. Lim Hng KiangMinister of Trade and Industry

Singapore

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TB Supply Base Sdn Bhd (TBSB), which has received interest from over 100 companies to utilise its facilities in Tok Bali, Kelantan, will spend RM100 million in 2015 for civil works and to build facilities such as additional warehouses, Customs and Immigration building, new offices, canteen, rigging loft, crew jetty and helipad. TBSB is ultimately owned by Kelantan royalty Tengku Rozanna Petri and Tengku Rozlynda Petri Tengku Mohd Nasrun, through Forlenza Holdings Sdn Bhd. Forlenza through Matrix Reservoir Sdn Bhd, owns a 99.99% stake in TBSB. TBSB’s directors include Tengku Datuk Mohamad Rizam Tengku Abdul Aziz (also the chairman), Tengku Rozanna Petri and Shankar Ray Shi-Wan.

Country’s Third O&G Supply Base To Get RM100m Investment

TBSB is a logistics hub located in Tok Bali, Kelantan specifically catered to providers of support services to the offshore oil and gas industry. It has invested RM90 million to date since June 2014, for facilities like warehouses, revamp works and wharf. TBSB is located on a 328 acres site. International Trade and Industry Minister Dato’ Sri Mustapa Mohamed said TBSB is expected to create 500 to 1,000 job opportunities. “This is an iconic and high impact project. Kelantan has not seen this kind of project for a number of years. The direct and indirect benefits will be substantial and this will contribute to the development of Kelantan,” Mustapa said at a media briefing here yesterday. TBSB COO Jim Iler said it aims to provide a one-stop centre for production sharing contracts (PSC) and services companies in the Malaysia-Thailand Joint Development Area (MTJDA), North Malay Basin (NMB) and Commercial Arrangement Area (CAA). It offers fuel and water, mud and cement, port services and warehousing. Tok Bali, about 48km from Kota Baru, has the potential to be transformed into an important supply base for offshore support activities. It will be the third oil and gas supply base in Malaysia beside the Kemaman and Labuan supply base and will complement the Kemaman supply base and also have a cost advantage for exploration activities in the East Coast offshore. By providing essential consumables and space, TBSB aims to attract the support companies necessary to create the ecosystem required by the offshore oil and gas companies operating in MTJDA, NMB and CAA. Iler said the initial phase of the project is the oil and gas supply base and the next phase will be the port. The surrounding area is also zoned for port usage and the site is expandable up to 1,200 acres. “(We see the potential of up to RM1 billion investments) in two to three years depending on how quick we get the port operations open. “We’ll have the master plan completed in two months. From there, we’ll start looking at land acquisition, how we’re going to structure the facilities, we’ve to have contracts signed and we may look for investors,” Iler said. Iler said in a low price oil and gas environment, the need for low cost production is even more critical, while there are also congestion and delay at the other ports as there is currently only one operating supply base on the East Coast. TBSB’s proximity to MTJDA, NMB and CAA will result in significant cost savings for Petronas and PSCs due to lower fuel usage and lower idle time for the supply vessels. TBSB has obtained approvals from the Ministry of Finance, Royal Customs Department, Marine Department Malaysia and Petronas for its operations and is now in a position to attract relevant oil and gas industry players to locate their operations in Tok Bali.

Source : BERNAMA, February 24,, 2015

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126.2 146.7 272.9

126.8143.5

270.3

0

100

200

300

Exports Imports Total Trade

2014

2013

26.8 28.6 29.9 31.8 30.6 30.3 31.534.4 32.6 31.6 30.7 31.2

32.2 33.3 33.2 34.5 33.2 35.4 36.4 38.535.3 35.3 37.0 39.1

59.061.9 63.1

66.3 63.8 65.7 67.972.9

67.9 66.9 67.7 70.3

20

40

60

80

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2012 2013 2014

Export Import Total Trade

Source : Department of Statistics, Malaysia

RM billion

Source : Department of Statistics, Malaysia

Trade in Services, Q1 /2012 - Q4/ 2014

Trade in Services, 2014/2013MALAYSIA

RM billion

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Charges for the use of intellectual property

RM0.2b., 0.2%

Import of Services, 2014

Export of Services, 2014Travel

RM71.4b., 56.6%

Telecomunications(includes computer and

information sevices)

RM9.0b., 7.1%

ConstructionRM2.7b., 2.1%

Government RM0.3b., 0.2%

OthersRM27.6b., 21.9%

Other Business Services RM23.0b., 18.2%

Insurance & Pension RM1.4b., 1.1%

Maintenance & repair RM1.1b., 0.9%

Personal, Cultural & Recreational RM0.9b., 0.7%

Financial RM0.7b., 0.5%

Total ExportsRM126.2b.

Transport RM15.5b., 12.3%

TravelRM40.1.b., 27.3%

Telecomunications(includes computer and

information sevices)

RM10.2b., 6.9%

ConstructionRM7.7b., 5.3%

Transport RM48.4b., 33.0%

OthersRM40.3b., 27.5%

Other Business Services RM27.8b., 18.9%

Insurance & Pension RM2.3b., 1.6%

Maintenance & repair RM1.0b., 0.7%

Personal, Cultural & Recreational RM2.7b., 1.9%

Financial RM1.0b., 0.7%

Government RM0.6b., 0.4%

Total ImportsRM146.7b.

Source : Department of Statistics, Malaysia Note: Y-o-Y Growth

Charges for the use of intellectual property

RM5.0b., 3.4%

MITI Weekly Bulletin / www.miti.gov.my 04

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22,078.8

33,275.5

13,360.526,211.2

8,718.37,064.3

05,000

10,00015,00020,00025,00030,00035,000

2005 2006 2007 2008 2009 2010 2011 2012 2013  2014

Export Import Trade Balance

USD Mil.

Source :IMF, wikipedia, tradingeconomics, Statistics Singapore

‘ASEAN and You’

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

K e y E c o n o m i c I n d i c a t o r sS i n g a p o r e

Source:Department of Statistics, Malaysia

NationalAccount

GDP Growth Rate2.9% ( 2014)

External Trade (2014)

Exports: US$ 518.9 bil.Imports: US$ 463.8 bil.

Total Trade:US$ 982.7 bil.

Malaysia’s Trade with Singapore: 2005-2014

PricesInflation Rate

1.0% (2014)

LabourUnemployment Rate

2.0% (2014)

Area718.3 sq km 277 sq miles

Population5.5 million

2014

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RIS Portal: ris.mpc.gov.my Email: [email protected] . Innovation . Partnership

International Repor t

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South AfricaEconomic Indicators

GDP2014*1.4%

Unemployment Rate2014* 25.2%Inflation Rate

2014*6.3%

Producer Price IndexDec 2014 115.1

Consumer Price Index2014*222.9

Note: 2014* estimate by IMFSources: IMF, Statistics South Africa

Page 7: Volume 327

Source:http://www.nationmaster.com/

Ranking out of 176 Countries

07 MITI Weekly Bulletin / www.miti.gov.my

Average Monthly Disposable Salary (After Tax), Ranking 2014

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Economic Regions Rank Amount (USD)

Switzerland 1 $6,301.73Luxembourg 2 $4,479.80

Zambia 3 $4,330.98 Jersey 4 $4,323.25

Bermuda 5 $4,250.00 Norway 6 $4,215.43 Monaco 7 $4,142.78 Qatar 8 $4,038.08

Gibraltar 9 $3,990.69 Australia 10 $3,780.69

Singapore 27 $2,759.38

Brunei 40 $2,228.21

MALAYSIA 70 $979.60Thailand 118 $502.78

Vietnam 151 $334.60

Philippines 152 $330.73

Indonesia 154 $304.25Myanmar 156 $281.62

Laos 157 $281.33

Cambodia 165 $243.94

Page 8: Volume 327

Green Car TechnologiesElectric CarsAn electric car uses an electric motor instead of an internal combustion engine which is what most conventional cars use for power. They store chemical energy in rechargeable battery packs and are more energy efficient than most conventional cars that use internal combustion engines.

Advantages of an electric car

They do not produce any exhaust fumes.Some battery packs are capable of being charged from renewable energy sources.They do not produce noxious fumes.They are much quieter than internal combustion engine powered vehicles.Many electric cars have regenerative braking, which means that when the car brakes, the battery is partially recharged. This also reduces wear on the brakes.Many electric cars can travel hundreds of miles without the need to recharge the battery packs.Electric cars decrease the need for petroleum powered vehicles and reduce the effect of global warming. They have good fuel efficiency and many have an acceleration performance that exceeds that of conventional cars.

However, electric cars do have some limitations:

Disadvantages of an electric car

Travel distance between battery recharging is limited. This travel time depends on the driver’s performance, the shape and weight of the car and the type of battery used:o Lead-acid batteries have a range of 30 to 130 kilometers.o NiMH batteries can deliver up to 190 kilometers.o Lithium-ion batteries can deliver a range of 400 to 480 kilometers in a single

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Page 9: Volume 327

Source : http://econ.worldbank.org

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30

2.45

2.50

2.55

2.60

2.65

2.70

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

2014 2015

1 SGD = RM 100 JPY = RM

100 JPY = RM 3.03

1 SGD = RM 2.68

Source : http://www.gold.org/investments/statistics/gold_price_chart/ Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz

Malaysian Ringgit Exchange Rate with Singapore Dollar and Japanese Yen

Gold and Silver Prices, 5 December 2014 - 20 February 2015

Aluminium, Nickel and Copper Prices, January 2014 - January 2015

Source : Bank Negara, Malaysia

1,815

5,831

14,849

-

2,500

5,000

7,500

10,000

12,500

15,000

17,500

20,000

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

2014 2015

US$/mt

Aluminium Copper Nickel

38.4 38.9

36.0

37.0

38.0

39.0

40.0

41.0

42.0

43.0

5 D

ec

12

Dec

19

Dec

26 D

ec

2 Ja

n

9 Ja

n

16 Ja

n

23 Ja

n

30 Ja

n

6 Fe

b

13 Fe

b

20 Fe

b

US$/Gram Gold

16.3 16.2

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5

5 D

ec

12

Dec

19

Dec

26 D

ec

2 Ja

n

9 Ja

n

16 Ja

n

23 Ja

n

30 Ja

n

6 Fe

b

13 Fe

b

20 Fe

b

US$/Oz Silver

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Source: Ministry of International Trade and Industry, Malaysia

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

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)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)

28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 FebAANZFTA 66 80 115 76 86 90 87 92AIFTA 77 178 110 132 139 143 120 240AJCEP 50 34 136 75 75 75 104 116

0

50

100

150

200

250

300

RM

mill

ion

28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 FebATIGA 2,489 790 561 4,904 546 773 631 11,127ACFTA 414 451 306 303 464 562 505 533AKFTA 137 126 656 166 184 327 1,064 487

0

2,000

4,000

6,000

8,000

10,000

12,000

RM

mill

ion

28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 FebMICECA 31.94 53.02 44.94 39.93 65.37 43.02 58.35 47.23MNZFTA 0.07 0.07 0.31 0.09 0.08 0.52 0.25 0.08MCFTA 9.35 14.10 12.17 24.98 9.42 14.72 7.43 8.30MAFTA 24.97 47.84 28.88 96.36 42.20 40.95 27.65 51.15

0

20

40

60

80

100

120

RM

mill

ion

28 Dec 2014 4 Jan 2015 11 Jan 2015 18 Jan 2015 25 Jan 2015 1 Feb 2015 8 Feb 2015 15 Feb 2015

AANZFTA 746 766 819 809 963 883 663 1,001AIFTA 416 441 498 584 531 558 559 521AJCEP 173 134 325 185 170 243 241 254ATIGA 3,336 4,021 3,967 4,297 3,775 4,693 4,081 4,287ACFTA 1,336 1,167 1,231 1,429 1,150 1,232 793 920AKFTA 633 597 585 629 767 760 665 823MICECA 223 314 267 266 302 311 307 344MNZFTA 4 9 10 3 6 13 7 6MCFTA 42 48 61 74 39 62 56 53MAFTA 322 341 375 376 417 450 341 481MJEPA 702 741 948 835 874 972 817 847MPCEPA 122 124 157 160 160 158 153 130GSP 136 94 144 112 163 196 104 152

28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 FebMJEPA 93 179 145 152 355 157 123 133MPCEPA 14 11 34 75 20 18 41 17GSP 17 14 20 17 28 24 414 43

50

0

50

100

150

200

250

300

350

400

450

RM

mill

ion

Value of Preferential Certificates of Origin

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

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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)20 Feb 2015

(US$) 50.8 690.0 326.8 1,419.5 2,113.7 51.3 280 (high)250 (low)

% change* 3.7 0.7 1.0 0.5 2.6 8.6 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

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

Source : 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 (20 February 2015)

US$50.8 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

20152 Jan 2015: 53.8

201523 Jan 2015: 45.6

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (20 February 2015)US$690.0 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

201516 Jan 2015: 701.0

20156 Feb 2015: 621.0

Steel Bars(per MT)

RM1,800 - RM1,900

Average Domestic Prices, 13 Feb 2015

Billets(per MT)

RM1,450 - RM1,550

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1,481.0

1,436.5

1,481.0

1,470.5

1,520.5

1,453.0

1,396.5

1,406.0

1,384.5

1,418.51,426.5

1,419.5

1,350

1,370

1,390

1,410

1,430

1,450

1,470

1,490

1,510

1,530

5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb

US$

/mt

Rubber SMR 20

322.0319.8

314.8 314.0309.3

301.8

335.3

345.5

331.3

324.3

330.0326.8

280

290

300

310

320

330

340

350

360

5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb

US$

/mt

Raw Sugar

52.8 52.8

51.7 51.8 51.8

53.5

51.651.1

49.9

51.1

56.1

51.3

46.0

48.0

50.0

52.0

54.0

56.0

58.0

5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb

US$

/mt

Coal

128.1

121.4

111.8

114.6

100.6

92.796.1

92.6

82.4

81.0

74.0 68.0

68.0

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

2014 2015

US$

/dm

tu

Iron Ore

700.5

681.5

669.0664.0

699.2

696.1

701.0

682.0

645.0

621.0

685.0690.0

600

620

640

660

680

700

720

5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb

US$

/mt

Crude Palm Oil

2,326.7

2,218.8

2,288.1

2,280.4

2,280.4

2,117.5

2,187.8

2,065.2

1,958.9

2,003.9

2,060.0

2,113.7

1,900

1,950

2,000

2,050

2,100

2,150

2,200

2,250

2,300

2,350

5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb

US$

/mt

Cocoa

59.158.1

56.4

54.653.8

48.4

48.7

45.6

48.2

51.752.8

50.8

40

45

50

55

60

65

5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb

US$

/bbl

Crude Petroleum

355.0

320.0 320.0 320.0 320.0 320.0 320.0 320.0

330.0

320.0

280.0 280.0

345.0

300.0 300.0 300.0 300.0 300.0 300.0 300.0

320.0

300.0

250.0 250.0

230

250

270

290

310

330

350

370

7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 6 Feb 13 Feb

US$

/mt

Scrap Iron

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

* data not available from 16 - 30 Jan 2015

Source : 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.

Commodity Price Trends

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Established since 1983, Strateq is one of Asia’s leading technology enablers, which has over the years become both a Malaysian and regional success story. Formerly known as Kompakar, the company was a jack of all trades, penetrating diverse IT markets in all things related to the booming information technology age. In 2011, Kompakar was rebranded to Strateq Sdn Bhd, with a specialised focus on domain expertise, technology products and services. Strateq’s Group Chief Executive Officer, Datuk Ir Dr Ahmad Fikri Hussein, is a strong believer in the strength of Malaysia’s grasp and expertise in the field of ICT, and is positive that Strateq will be able to explore new frontiers in this field.

CREATING A LEADING INDUSTRY DRIVER WITH WORLD-CLASS EXPERTISE From the early inception of Strateq, their main strength has been on leveraging local industry expertise and technological strengths to provide both local and regional clients the means of expanding their businesses and strengthening their presence through technological products and services. For the past 28 years, Strateq’s vision echoes its delivery and performances that are par excellence.Three vital points in Strateq’s business development and management lie in their three vision statements – a vision to foresee, the ability to execute and the ability to understand their custom ers like no other. As the ICT industry is very much like a chameleon, constantly changing to suit the current situation and time, Strateq recognised the need to have the business streamlined to very specific needs. As such, the company’s key product offerings and solutions are now focused on industry solutions, IT infrastructure and enterprise systems. These include sub-categories of healthcare, oil & gas, financial services, data centre and business continuity, disaster management/recovery and enterprise solutions and services. With over 600-strong work force in Malaysia, the company is considered to be one of the largest local, homegrown ICT entities in the country. One of Strateq’s key specialities is its ability to identify the best and latest technology available in the market with ease, and use it to implement relevant solution strategies for their clientele. Innovation is a core component in all of Strateq’s business solutions, to ensure that their clients are able to move forward while improving their respective revenue and profitability.After almost two decades, Strateq has a strong and firm presence in the region, including countries such as Thailand, Hong Kong, Singapore, the Philippines and China to name a few. Strateq also partners with a few MNCs to add more value and enhancement to existing business offerings that they may have. MATRADE has played a strong supportive and assistive role in carrying Strateq’s offerings to the

international arena through the myriad of trade missions and fairs held in various countries. Through participation in such missions, Strateq has been able to expand their network of partners and also showcase their unique solutions and expertise to the international market. Malaysia is recognised as one of the fastest growing ICT hubs in the world in comparison to other countries. Malaysian companies are also fast recognising the importance of specialised technology solutions to assist their day-to-day administration and business, and that change management plays an important role.As a post-service support to all their clients, Strateq also provides change management programme training, to ensure that the end user is able to use ICT as a tool to enhance their work. Some of the custom-made solutions by Strateq include the AGORA™, which is specific for a cost-effective solution in sourcing and procurement and FiSiCien™, a leading locally-designed solutions product for the healthcare and hospital systems.A huge component of Strateq’s operations is their research and development team, who work on improving and upgrading their solutions consistently. Some products take up to seven months to be thoroughly tried and tested before it is ready to be commercialised. Keeping in mind the specific needs of each industry client, Strateq’s dedicated team of engineers and specialists work tirelessly to provide only the best in technology solutions for all of their clientele. To support their expanding business and penetration into the regional and international markets, Strateq recruits subject matter experts in all their major business offering components. The Group now serves over 1,000 organisations from industries that cut across borders. These also include Fortune 500 companies, multinationals, large local organisations and public sector entities.

SUCCESS STORY

Company Address :No 12 Jalan Bersatu 13/446200 Petaling JayaSelangor Darul Ehsan Malaysia.T +603-7628 1600F +603 7956 8692

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Save the Date...ASEAN-OECD Conference And Meetings On Good Regulatory Practice

The government of Malaysia, as the 2015 Chair of ASEAN together with the Organisation for Economic and Co- operation Development (OECD) as its knowledge partner will host three events on 9-12 March 2015 to assist embedding Good Regulatory Practice (GRP) across ASEAN in 2015:

Monday 9 March 2015: ASEAN- OECD Centres of Government Meeting (by invitation)

Hosted by the Chief Secretary to the Government of Malaysia, this high level meeting will focus on the role of GRP to drive more responsive public administration. The meeting will bring together the Heads of Public Administrations, Prime Minister’s Offices, Cabinet Secretaries, and Secretaries-General of the Government from across ASEAN and OECD countries.

Tuesday 10 – Wednesday 11 March 2015: ASEAN-OECD GRP ConferenceThe conference will provide a high-level platform to initiate a broader agenda on GRP within ASEAN that can support closer intra- and inter-regional connectivity and economic integration. The conference will bring together government officials and regulators from ASEAN Member States (AMS) and OECD countries, representatives of business and civil society, academia, regional and international organisations.

Thursday 12 March 2015: ASEAN-OECD Good Regulatory Practices Network Meeting (by invitation)Chaired by Malaysia and New Zealand, this meeting will provide a government-to-government discussion on advancing the GRP agenda nationally as well as regionally. The meeting will bring together senior officials responsible for GRP initiatives in individual AMS, with the support of OECD peers.

For further information please contact: [email protected]

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MITI ProgrammeMEDIA ANNOUNCEMENTTOK BALI SUPPLY BASE

23 FEBRUARY 2015

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Visit by the US Congressmen led by Paul Ryan17 February 2015

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G T

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rowth”

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