SEMINAR ON ASEAN ECONOMIC COMMUNITY (AEC) Spreading … Weekly... · 2017. 5. 30. · MITI Tower,...
Transcript of SEMINAR ON ASEAN ECONOMIC COMMUNITY (AEC) Spreading … Weekly... · 2017. 5. 30. · MITI Tower,...
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
MEDIA RELEASE
Ministry of International Trade and Industry, Malaysia
SEMINAR ON ASEAN ECONOMIC COMMUNITY (AEC)Spreading Your Wings in ASEAN: Land of Opportunities
The year 2017 started with a high prospect for ASEAN. After eight years of preparation, ASEAN leaders launched the ambitious ASEAN Economic Community (AEC) in 2015, a blueprint aimed at creating a single, seamless production base and consumer market. The work however does not stop there, with ASEAN developing a 10 year plan; the AEC Blueprint 2025 as a continuous effort and commitment to further deepen the economic integration.
This year also marks the 50th anniversary of the ASEAN carrying the theme of “Partnering for Change, Engaging the World.” Since its establishment, ASEAN has evolved into one of the world’s most dynamic regions with accelerated economic performance in recent years. That has been attributable to ASEAN’s economic co-operation and integration initiatives taking concrete shape over the past two decades. The economic development of ASEAN, which now has a population of 630 million people, has grown rapidly registered a strong pace of Gross Domestic Product (GDP) at 4.7% in 2016. For 2017, GDP growth rate is projected at 4.8% respectively. With a record of US$2.55 trillion GDP in 2016, ASEAN is the third largest economy in Asia and the sixth largest economy in the world. ASEAN aspires to becoming the fourth largest economy in the world by 2030. The AEC has not only provided a sound basis for ASEAN rapid growth but also creating opportunities and diversities.
Despite the promising growth and liberalisation of tariffs among the ASEAN Member States, intra-trade ASEAN remains stagnant at around 20 – 25%. The major impediment in achieving higher intra-trade is behind the border measures or non-tariff measures/barriers (NTMs/NTBs) within ASEAN. YAB Dato' Sri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia at the 30th ASEAN Summit cited that to achieve the US$9.2 trillion GDP by 2050, there has to be a 20% reduction in fixed trade costs. In this regard, ASEAN is currently working towards implementing various trade facilitative measures, such as national single windows seamlessly linked to the ASEAN Single Window as well as harmonisation of standards and customs procedures. In addition, Malaysia is taking the lead the other ASEAN Member States in identifying appropriate mechanism to address the NTMs/NTBs issue in ASEAN with a view to reduce and subsequently eliminate all barriers to trade.
To further enhance the growth in this region, at the recent RCEP Intersessional Ministerial Meeting held from 21-22 May 2017 in Hanoi, Viet Nam, ASEAN and its Dialogue Partners made commitment to work towards substantial completion of RCEP negotiation by end of this year. The RCEP when concluded would create one of the world's largest free-trade areas. The RCEP countries make up close to 50% of the global population, about 30% of the global GDP and 29% of global trade.With all these development, Malaysian entrepreneurs indeed stand to gain more opportunities and greater market access abroad.
BENEFITS OF AEC FOR MALAYSIA To commemorate the golden celebration of ASEAN@50 this year, MITI as Malaysia’s national coordinator for the economic pillar, will also be organising various
programmes and activities. Today’s seminar on AEC among many, serves as another platform for MITI to showcase and provide a solid testimonial to Malaysians at large, the benefits as well as opportunities drawn from the ASEAN regional integration. Seminar aims at raising awareness about the opportunities in ASEAN under the AEC. Taking into account limited presence of Malaysian entrepreneurs abroad, the Seminar was exclusively designed to inspire Malaysian entrepreneurs, especially among the Micro, Small and Medium Enterprises (MSMEs), to explore and expand their businesses into the ASEAN market. In this aspect, three identified speakers (Malaysian entrepreneurs based in ASEAN or doing business with ASEAN) were brought to the seminar to share first-hand information as living testimonials to the audience. The three speakers presented their case at length and highlighted their personal experience, particularly on expectations, domestic regulations and in addition, socio-cultural details to observe, gained throughout their years of business involvement in ASEAN.
The speakers were invited based on their successful ventures in ASEAN.
(i) Speaker 1: Ms. Rina Neoh (based in Singapore) Founding Partner of Mercatus Capital(ii) Speaker 2: YM Ungku Raad Azeraai (based in Manila) Founding Partner Naah!im Bakery(iii) Speaker 3: Arvin Menon (based in Selangor) Managing Director, VG Offshore Containers International
Minister of International Trade and Industry, Dato’ Sri Mustapa Mohamed said, “ASEAN offers vast opportunities to be explored by the Malaysian business community and entrepreneurs. Our companies are big in ASEAN, but in line with our efforts to foster closer economic integration within the region, we need more SMEs to venture out into other ASEAN markets. This is to ensure that the benefits from an economically integrated ASEAN are more inclusive”.
Under the following theme, “Spreading Your Wings in ASEAN: Land of Opportunities”, the composition of audience was made up of mostly MSMEs, representatives from the Malaysian Association of ASEAN Young Entrepreneurs Association (MAAYE) and students from related fields.
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
MALAYSIA
Balance of Payments (BOP)
Current Account BalanceRM5.3 bil
RM25.3 billion
Goods-RM6.2 billion
Services-RM13.8billion
Income
Financial AccountRM8.8 bil (net outflow)
Direct Investment RM3.8 bPortfolio Investment -RM3.1 b
Financial Derivatives RM0.6 bOther Investment RM14.2 b
Q1 2017
Reserve AssetsRM1.8 bil
10.9
8.2
5.2
10.8
6.2
3.1
7.3
12.5
5.3
0
5
10
15
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2015 2016 2017
RM billion Current Account
-29.2
0.4
-33.2
6.6 7.811.1
-5.8
-14.2-8.8
-40
-20
0
20
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
RM billion Financial Account
15.7
-8.4
-17.0
6.0
27.6
-8.8-14.6
-19.0
1.8
-40
-20
0
20
40
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
RM billion Reserve Assets
BOP Performance, Q1 2015-Q1 2017
FDI & DIA Performance
RM17.0bForeign Direct Investment
(FDI) in Malaysia
RM8.7bDirect Investment
Abroad(DIA)
2015 2016 2017
2015 2016 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
MITI Weekly Bulletin | www.miti.gov.my
Trade in Services, Q1 2017
Source : Department of Statistics, Malaysia
RM36.4b
1.1%
RM42.6b
2.2% Total Trade RM79.1b
1.7%
Exports Services, Q1 2017
Imports Services, Q1 2017
Telecommunications, computer and information services
Travel
Other business services
RM18.1b
RM6.0b
RM4.4bTransport RM2.6b
RM2.9b Others*
ExportsRM36.4 bil.
Manufacturing services on physical inputs owned by others
RM2.5b
Note: * include Construction, Maintenance and repair services, Insurance and pension services, Financial services, Charges for the use of intellectual property, Personal, cultural and recreational services and Government goods and services
Travel
Other business services
RM11.8b
RM10.5b
RM7.4b
Transport
RM3.7b
RM6.5b Others*
Construction
ImportsRM42.6 bil.
RM2.9b
Telecommunications, computer and information services
Note: * include Maintenance and repair services, Insurance and pension services, Financial services, Manufacturing services on physical inputs owned by others Charges for the use of intellectual property, Personal, cultural and recreational services and Government goods and services
Note: % -Y-o-Y Growth
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
Selected Statistics Population Migration2015-2016
Internal Migration
Reasons for Migration
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
MITI Weekly Bulletin | www.miti.gov.my
Malaysia’s GDP Growth Rate Exceeds CPI and Global Growth Rate
RM billionMaintain its Target Toward Fiscal Balance
Government Less Dependent on Oil RevenueRM million
Since 2009, among all income stratas, the B40 have experienced the greatest increase in CAGR Growth
Selected NTP’s Performance Report 2016
Source:https://www.pemandu.gov.my/...reports
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
BrazilInternational Report
Population: 206.1 millionLand area : 8,511,965 sq km
Brazil Key Economy, 2016GDP (current US$) : US$1,798.6 billionInflation rate : 8.7%Unemployment rate : 11.3%Global trade : US$328.8bil (Rank: 27)Global exports : US$185.3bil (Rank: 25)Global imports : US$143.5bil (Rank:28)
Top Five Trading Partners, 2016
1.4 1.8
2.3 2.8
2.2 2.7
3.4 3.4 3.8
3.2 3.1 2.9
1.0
2.0 2.5
3.3 3.5 3.3 3.9
5.4 5.6 5.7 5.9 6.8
8.5
2.6
3.4
4.4
5.5 6.3
5.5
6.6
8.8 8.9 9.5 9.2
9.9
11.4
0
2
4
6
8
10
12
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017(Jan-Mar)
RM Billion
Exports Imports Total Trade
Malaysia’s Trade with Brazil, 2005 - March 2017
Exports:US$35.1 bil.Imports:US$23.4 bil.
PRC
1 2 3
4 5
Exports:US$23.3bil.Imports:US$24.1 bil.
USA
Exports:US$4.9bil.Imports:US$9.1 bil.
GermanyExports:US$10.3bil.Imports:US$1.8bil.
Netherlands
Exports:US$13.4bil.Imports:US$9.1 bil.
Argentina
Source: IMF, Worldatlas, WTO
Major Exports , 2015/2016HS
Code Product2015
RM mil.2016
RM mil.Change
(%)76 Aluminium and articles 14.0 72.6 420.1
15 Animal or vegetable fats and oils 196.8 251.3 27.7
40 Rubber and articles thereof 653.1 700.9 7.3
29 Organic chemicals 70.1 115.9 65.3
38 Miscellaneous chemical products 154.3 187.5 21.5
Major Imports , 2015/2016HS
Code Product2015
RM mil.2016
RM mil.Change
(%)26 Ores, slag, ash 2,284.4 2,933.7 28.4
17 Sugars and sugar confectionery 1,493.9 2,626.9 75.8
10 Cereals 1,370.7 1,152.1 -15.9
52 Cotton, yarn and fabric 165.3 278.3 68.4
27 Mineral fuel, oil, etc 206.1 205.3 -0.4Source : Department of Statistics, Malaysia
https://www.pemandu.gov.
my/...reports
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
Note: * Provisional data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
160
180
200
0
5
10
15
20
25
30
35
40
45
50
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,0005
Mar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
0
200
400
600
800
1,000
1,200
1,400
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
140
160
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
0
50
100
150
200
250
300
350
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
20
40
60
80
100
120
140
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
Note: * Provisional data Source: Ministry of International Trade and Industry, Malaysia
Number and Value of Preferential Certificates of Origin (PCOs)
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
700
800
9005
Mar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
0
20
40
60
80
100
120
140
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
16
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
10
20
30
40
50
60
70
80
90
100
0
2
4
6
8
10
12
14
16
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
50
100
150
200
250
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
0
50
100
150
200
250
300
350
400
5 M
ar
12 M
ar
19 M
ar
26 M
ar
2 A
pr
9 A
pr
16 A
pr
23 A
pr
30 A
pr
7 M
ay
14 M
ay
21 M
ay
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
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Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - April 2017
US Dollar
Pakistani Rupee
Egyptian Pound
Cambodian Riel
Nepalese Rupee
United Arab Emirates Dirham
4.34814.4072
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
USD 1 = RM
4.14604.2060
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
PKR 100 = RM
0.5553
0.2436
0.00
0.10
0.20
0.30
0.40
0.50
0.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
EGP 1 = RM
0.1071
0.1098
0.085
0.090
0.095
0.100
0.105
0.110
0.115
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
KHR 100 = RM
4.0376
4.2657
3.30
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
NPR 100 = RM
118.38119.99
95.00
100.00
105.00
110.00
115.00
120.00
125.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
2016 2017
RM
AED 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.
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
CRUDE PETROLEUM (BRENT)-per bbl-
26 May 2017 : US$52.2, 2.7%*
Average Pricei : 2016: US$45.3 2015: US$53.6
CRUDE PALM OIL-per MT-
26 May 2017 : US$749.5, 1.1%*Average Pricei : 2016: US$702.2 2015: US$616.9
RUBBER SMR 20-per MT-
26 May 2017 : US$1,559.0, 0.1%*
Average Pricei : 2016: US$1.394.5 2015: US$1.364.3
COAL -per MT-26 May 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9
COCOA SMC 2-per MT-
26 May 2017 : US$1,274.1, 7.3%*
Average Pricei : 2016: US$1,609.8 2015: US$2,077.0
SCRAP IRON HMS-per MT-
26 May 2017 : US$280.0 (high), unchanged US$260.0 (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
5 May 2017 : US$49.1
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 28 Apr 2017 : US$673.0
Crude Palm Oil -per MT-
Domestic Prices26 May 2017
Steel Bars(per MT)
RM1,930 – RM2,080
Billets(per MT)
RM1,800 – RM1,900
SUGAR -per lbs-26 May 2017 : US¢ 15.1, 8.1%*
Average Pricei : 2016: US¢18.2 2015: US¢13.2
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Data for April not available Ministers attending the recent APEC MRT 2017
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
746.0739.0
746.0
725.0
691.0 693.0
715.0
673.0
688.8
711.5
741.0
749.5
600
620
640
660
680
700
720
740
760
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
US$
/mt
Crude Palm Oil
1,385.3
1,474.6
1,568.8
1,491.0
1,532.4
1,424.2
1,262.8
1,299.61,268.3
1,368.4 1,374.5
1,274.1
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
US$
/mt
Cocoa
18.018.2
17.7
16.8 16.816.6 16.5
16.1
15.315.5
16.4
15.1
14.0
14.5
15.0
15.5
16.0
16.5
17.0
17.5
18.0
18.5
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
US¢
/lbs
Sugar
2,010.02,033.5
1,902.0
1,834.5
1,756.0
1,627.51,598.5 1,589.0
1,487.5 1,487.5
1,558.0
1,559.0
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
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
4,565
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 26 May 2017
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 Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1
43.5
43.6
43.7
43.8
43.9
44.0
44.1
44.2
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
US$
/mt
Coal
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
1,400
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
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
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
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
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
2016 2017
US$
/ to
nne
Nickel
48.5 48.848.0
50.6
52.2
53.2
49.6 49.3
46.2
47.8
50.349.8
51.451.8
50.8
52.8
55.255.9
52.0 51.7
49.1
50.8
53.6
52.2
40
42
44
46
48
50
52
54
56
58
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
Commodity Price Trends
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 Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
944.0
954.0
967.0
942.0
969.0
977.0981.0
948.0
911.0
925.0
946.0
964.0
860.0
880.0
900.0
920.0
940.0
960.0
980.0
1,000.0
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
US$
/oz
Platinum
310.0
320.0
330.0 330.0
300.0 300.0
295.0
290.0
280.0 280.0 280.0 280.0290.0
310.0 310.0 310.0
290.0 290.0
275.0
280.0
270.0 270.0 270.0
260.0
250
260
270
280
290
300
310
320
330
340
3 Mar 13 Mar 17 Mar 24 Mar 31 Mar 14 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
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
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
2016 2017
US$
/dm
tu
Iron Ore
17.1
17.3
17.6
18.218.4
18.6
17.9
17.3
16.316.5
16.9
17.3
15.0
15.5
16.0
16.5
17.0
17.5
18.0
18.5
19.0
10 Mar 17 Mar 24 Mar 31 Mar 7 Apr 13 Apr 21 Apr 28 Apr 5 May 12 May 19 May 26 May
US$
/oz
Silver
38.7
39.5
40.1 40.0
40.7
41.3 41.2
40.7
39.5 39.6
40.3
40.7
37.0
37.5
38.0
38.5
39.0
39.5
40.0
40.5
41.0
41.5
42.0
10 Mar 17 Mar 24 Mar 30 Mar 6 Apr 13 Apr 20 Apr 27 Apr 4 May 11 May 18 May 25 May
US$
/oz
Gold
Commodity Price Trends
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
Roundtable Discussion with 50 Singaporean and Singapore-based Companies, 25 May 2017
MITI Programme
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
MITI Programme
18 May 2017,
26 May 2017
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
SEMINAR ON ASEAN ECONOMIC COMMUNITY (AEC), 26 May 2017MITI Programme
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
Announcement
Sila layari http://tube.smecorp.gov.my/ untuk membuat permohonan.
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
Of Technical Terms
Blue BoxBlue Box refers to production limiting subsidies and considered therefore less trade-distorting. They are exempt from the reduction commitments under the WTO Agreement on Agriculture. Examples of Blue Box include certain payments to farmers where the farmers are required to limit production, government assistance programmes to promote agriculture and rural development in developing countries.Also referred to as the “amber box with conditions” — conditions designed to reduce distortion. Any support that would normally be in the amber box, is placed in the blue box if the support also requires farmers to limit production.At present there are no limits on spending on blue box subsidies. In the current negotiations, some countries want to keep the blue box as it is because they see it as a crucial means of moving away from distorting amber box subsidies without causing too much hardship. Others wanted to set limits or reduction commitments, some advocating moving these supports into the amber box.
Bonded WarehouseDesignated area, approved by the Royal Malaysian Customs (RMC) under Section 65 of the Customs Act 1967, for storing dutiable goods.A country can change its bindings, but only after negotiating with its trading partners, which could mean compensating them for loss of trade.
Bound TariffThe maximum tariff level of a product notified to the WTO which a country commits not to exceed. If the bound duty is raised, compensation must be given to the affected parties.
Budget DeficitAlso known as Fiscal deficitOccurs when the government annual amount of spending exceeds income from taxation.When a country is running a fiscal deficit it must finance this by borrowing through the issue (sale) of new debt.A government will normally borrow money by issuing bonds or other securities and the interest rate on this debt will depend on the willingness of lenders to offer credit, the expected rate of inflation and the risk of whole partial default.The Government of a country with low or worsening credit ratings may need to negotiate loans from institutions such as the World Bank, The International Monetary Fund, Sovereign wealth funds or other governments/Overseas banks.
Budget SurplusA situation in which income exceeds expenditures.Most commonly used to refer to the financial situations of governments - individuals speak of “savings” rather than a “budget surplus.”A surplus is considered a sign that government is being run efficiently.
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MITI Weekly Bulletin | www.miti.gov.my
MITI Weekly BulletinConveys Our deepest condolences
to the victims and their familieson the attack in
Manchester, Jakarta & Philippines
Appalled by the barbaric and cowardly attack on innocent concert-goers in Manchester. My deepest condolences and prayers are with the families and friends of those affected. At this time of heartbreak, Malaysia stands united with Britain. We must be firm, determined and ready to confront terror swiftly and decisively wherever and whenever it manifests itself. We must never surrender.
Dato' Sri Haji Mohammad Najib bin Tun Haji Abdul RazakPrime Minister of Malaysia
I am disgusted by last night’s attack in Jakarta. Malaysians stand with the Indonesian people at this time. Coming so soon after the appalling Manchester bombing, this new outrage shows that terrorism has no borders, and knows no race or creed. My thoughts and prayers are with the loved ones of those affected.
Malaysia condemns the attack on Marawi City by groups linked to Daesh that led to casualties of government forces and displacement of civilians. I have full confidence in the Philippines’ handling of the crisis and we will offer our full support. The crisis must not derail the ongoing Mindanao peace process.
Condolences
21 May 2017
24 May 2017
25 May 2017
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MITI Weekly Bulletin | www.miti.gov.my
Dear Readers,
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MITI Weekly Bulletin Editorial Committee
Wishes Happy Kaamatan &
Gawai Harvest Festival 2017
MITI @ Your ServiceIntegrity Unit
Email: [email protected] Norazilawati RohanuddinPrincipal Assistant Director
Rozi RahmanInvestigation Officer
Nooradila Abdul HadiAssistant IT Officer
Rodziah Mohd RadziAdministrative Assistant