Deepavali Message from the Minister of International Trade and

“DRIVING Transformation, POWERING Growth”
Deepavali Message from the
Minister of International Trade and Industry
Deepavali, or the ‘Festival of Lights’ is celebrated by Hindus around
the world as well as Malaysian Hindus to signify the triumph of dharma
and good over evil, of hope over despair, of truth over falsehood
and of light over darkness. As Malaysia is widely known as the
confluence of many different ethnic groups and cultures, Deepavali
is also shared with people from different faith and backgrounds, just
like other celebrations in Malaysia. For Malaysians, festivals such
as Deepavali provides an opportune time to showcase our values of
unity in diversity and the practice of tolerance and acceptance in line
with the spirit of 1Malaysia.
In recent months, we have seen countries enduring and grappling with
economic uncertainty, innocent people fleeing their own countries
for better life elsewhere and thousands more being displaced due
to natural disasters. In this regard, along with other Malaysians, I
am thankful and grateful that our country continues to be resilient in
facing each and every economic challenge that comes our way.
Despite uncertainties in the global economy, Malaysia’s economic
fundamentals remain strong. Malaysia’s economic performance
registered 5.3% growth in the first half of 2015 and the economy is
expected to remain on a steady growth path to expand by 4.5% to
5.5% in 2015. It is estimated that the economy will grow by 4.0% to
5.0% in 2016. Domestic demand will remain the key driver of growth,
albeit at a more moderate pace. Malaysia’s economic fundamentals
remain strong. Thus it is important that we snap out of any perception
of doom and gloom which, if unchecked, causes us to undervalue what we have been gifted with, and
overlook precious opportunities.
And these opportunities are plentiful as evident from the recently announced Budget 2016 by our Prime Minister
which focuses on addressing the people’s concerns such as rising cost of living, enhanced competitiveness of
SMEs and nurturing the well-being of the rakyat. Private consumption is set to remain healthy while creating
more demand. Measures to support the economy include an increase in minimum wage, more affordable
housing, various tax reliefs for the middle class, big investment projects such as the Malaysian Vision Valley
and Rubber City and greater provision for SME funding. MITI will continue to engage with the business
community and interest groups to ensure effective implementation of the budget that has been given.
I am excited with all this work that we have ahead of us. MITI and its agencies will continue to work hard in
realising our national transformation agenda. We hope to see more positive results to this end, and more
importantly MITI hopes Malaysians of all ethnic backgrounds and religion will be able to reap the benefits
of the strong economic growth. We must continue to focus on strengthening economic resilience, ensuring
inclusiveness and moving forward with our liberalisation and capacity building agenda.
On that note, let me once again wish all Hindus in Malaysia a very Happy Deepavali and let us continue to
enjoy the peace, harmony and prosperity that we have built together.
‘Deepavali Vaalthukal’
Dato’ Sri Mustapa Mohamed
“DRIVING Transformation, POWERING Growth”
MITI in the News
Menteri Perdagangan Antarabangsa dan Industri,
Teks Akhir Perjanjian Perkongsian Trans-Pasifik
Kesemua 12 negara yang terlibat
dalam rundingan Perkongsian
Trans-Pasifik
(TPP)
sudah
memuktamadkan rundingan dan
mengesahkan teks perjanjian dan
jadual yang berkaitan.
Dengan muktamadnya perjanjian
ini, kesemua 12 negara telah
bersetuju untuk menghebahkan
teks akhir perjanjian ini untuk
tatapan umum.
Teks perjanjian ini boleh dibaca dan dimuat turun di laman web MITI http://fta.miti.gov.my/index.
php/pages/view/tppa bermula dari hari ini, 5 November 2015 kira-kira pada pukul 6.00 petang.
Teks ini juga boleh didapati di laman web Kementerian Hubungan Antarabangsa dan Perdagangan
New Zealand, yang merupakan ‘depository’ teks TPPA. Ia boleh dibaca di http://www.mfat.
govt.nz/Treaties-and-International-Law/01-Treaties-for-which-NZ-is-Depositary/0-Trans-PacificPartnership-Text.php
Susulan dari hebahan teks akhir ini, dua analisa kos dan faedah yang dikendalikan oleh Institut
Kajian Strategik dan Antarabangsa Malaysia (ISIS) dan PricewaterhouseCoopers (PwC) Malaysia
akan dimuktamadkan dalam masa kira-kira dua minggu.
Kerajaan berharap agar teks akhir yang didedahkan kepada umum ini berserta dengan dua
analisa kos dan faedah akan memberikan penjelasan yang lebih meluas kepada rakyat berkenaan
perjanjian perdagangan ini.
Saya ingin menegaskan sekali lagi bahawa
TPPA akan dibentangkan di Parlimen
untuk perbahasan dan bagi mendapatkan
keputusan. Sesi ini dijangka diadakan pada
bulan Januari atau Februari 2016.
MITI berserta dengan beberapa agensi
kerajaan yang lain akan terus mengadakan
sesi penerangan atau engagement dengan
pihak-pihak berkepentingan. Kami telah
menerima banyak permohonan untuk sesi
penerangan dan akan cuba sedaya-upaya
untuk memenuhinya.
Dato’ Sri Mustapa Mohamed
Menteri Perdagangan Antarabangsa dan Industri
5 November 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MALAYSIA
Trade Performance, January - September, 2010 - 2015
Total Trade Growth
9.1
7.1
4.3
2.4
-0.5
1,200
-12.6
Export Growth
9.1
1.7
Import Growth
9.1
-0.2
7.5
5.5
5.4
-0.2
-0.7
800
-12.5
-12.6
0
Exports
Jan-Sep 2010
Imports
Jan-Sep 2011
Jan-Sep 2012
1,072.5
1,077.5
1,005.9
982.2
941.8
863.5
504.3
508.0
481.5
456.6
424.9
389.5
569.5
524.5
525.6
200
516.9
400
568.2
600
474.0
RM billion
1,000
8.6
Total Trade
Jan-Sep 2013
Jan-Sep 2014
Jan-Sep 2015
Trade Performance, January 2014 - September 2015
130.6
128.9
123.9
121.7
120.3
125.1
123.9
125.8
123.7
119.7
118.3 118.5
120.5
118.3
116.2
124.1
122.8
113.9 115.4
107.4
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2014
Mar
Jun
Jul
Aug
70.2
60.5
66.5
56.3
63.2
60.9
56.3
May
64.3
Apr
Sep
2015
Exports
Source : Department of Statistics, Malaysia
58.6
66.5
53.2
48.6
54.6
63.6
67.4
58.5
52.6
63.6
65.0
63.9
64.5
55.2
Jul
63.9
60.0
Jun
60.5
54.9
May
60.4
53.5
Apr
64.8
59.2
57.5
66.2
64.9
Mar
61.1
57.5
Feb
61.2
57.1
Jan
55.4
58.9
48.5
64.1
57.6
101.8
Imports
Total Trade
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Balance of Trade
12
11.0
10.4
10
10.2
9.5
9.7
9.3
8.9
8.7
9.0
RM billion
8.0
7.8
8
6.9
6.4
5.6
6
5.5
4.6
4.1
3.9
3.6
4
2.4
2
0
1.1
Jan
Feb
Mar Apr May Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr May Jun
2014
Jul
Aug
Sep
2015
Export by Sectors, January - September 2014 and 2015
Exports (January-September)
2015: RM568.2 billion
2014: RM569.5 billion
RM billion
500
450
400
454.9
435.5
350
300
250
200
150
60.2
100
50
0
49.7
77.8
Manufactured
Goods
Mining Goods
3.4
52.2
3.9
Agricultural
Goods
Jan - Sep 2015
Jan - Sep 2014
Others
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Top 10 Export Products
Jan - Sep 2015
Jan - Sep 2014
E&E
188.5
40.6
38.0
Chemicals & Chemical Products
-25.7%
53.3
34.7
LNG
-26.6%
47.2
33.7
36.4
Palm Oil & Palm-Based products
-7.6%
26.2
22.5
Machinery, appliances & parts
Manufactures of Metal
23.6
19.3
Crude Petroleum
18.8
25.0
Optical & Scientific Equipment
18.6
17.9
Rubber Products
14.7
13.3
8.1%
7.0%
39.6
Petroleum Products
203.8
RM billion
16.6%
22.3%
-24.8%
3.9%
10.0%
0
50
100
E&E breakdown, January-September 2015:
Semi-Conductor
(Transistors,Valves, etc)
Automatic Data Processing Equipment
Telecomm. Equipment Parts nes
Electrical Switcher Relays,Circuits nes
Parts & Acc., For Office Machines
Electronic Machines Apparatus Nes
Television Receivers etc
Domestic Electrical & Non-Electrical
Equipment, nes
Office Machines
Electric Distributing Equipment, nes
Radio-Broadcast Receivers
Electrical Power Machinery & Parts
Electro-Medical, X-Ray Equipment
Sound Recorder, Phonograph
150
200
102.8
22.0
18.4
13.5
11.0
10.6
7.0
5.2
4.7
2.4
2.3
2.0
1.1
0.9
250
Note : Percentage refers to y-o-y growth
Top 10 Export Destinations, January - September 2015
Value
(RM bil.)
1 Singapore
2
China
3
Japan
USA
4
Thailand
5
6 Hong Kong
India
7
Indonesia
8
Australia
9
10
ROK
Source : Department of Statistics, Malaysia
Share
(%)
Growth
(%)
y-o-y
79.2
13.9
2.1
74.2
13.1
9.7
54.3
53.2
9.5
9.4
12.0
12.9
32.6
27.6
5.7
4.9
9.3
1.0
23.3
4.1
3.5
21.5
3.8
10.8
19.8
3.5
21.4
18.1
3.2
9.6
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
‘
and You’
OPEN MARKET INDEX
for Selected Countries
2015
ASEAN
Ranking
World
Ranking
Most Openness
(5.5)
1
1
Above Average
Openness (4.0)
2
33
Average
Openness (3.6)
3
45
Average
Openness (3.5)
4
47
Average
Openness (3.1)
5
56
Below Average
Openness (2.9)
6
60
Category
(Score)
Singapore
Malaysia
Viet Nam
Thailand
Indonesia
Philippines
Source: ICC Open Markets Index, 3rd Edition 2015
MITI’s ASEAN Portal can be accessed via http://aec2015.miti.gov.my/
MITI Weekly Bulletin / www.miti.gov.my
International Report
“DRIVING Transformation, POWERING Growth”
Global Islamic Economy Indicator 2015-2016
The purpose of the Global Islamic Economy Indicator (GIEI) is to show the current development health of Islamic
economy sectors. The GIEI is a composite weighted index comprised of six sector level indicators (Halal Food,
Islamic Finance, Halal Travel, Modest Fashion, Halal Media and Recreation, and Halal Pharmaceuticals and
Cosmetics) across 73 core countries. The Indicator is not a ranking of current size and growth of each market,
but evaluates the quality of the overall Islamic economy ecosystem including social considerations each has
relative to its size. The ranking is weighted towards Islamic Finance and Halal Food ecosystems given their
relative sizes to other sectors. Top countries vary per sector reflecting relative strengths in each of the sectors
covered in this Report.
Source : Global Islamic Economy Indicator 2015-2016
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
US Trade Performance, September 2015
Export of Goods:
US$127.3b ( 2.3%) m-o-m growth
Import of Goods:
US$187.6b ( 2.3%) m-o-m growth
US Global Trade (Goods & Services)
Export of Services:
US$60.6b ( 0.2%) m-o-m growth
US$ billion
450
400
421.6
410.3
425.7
420.5
418.3
420.6
419.4
417.9
416.6
350
300
Import of Services:
US$41.1b ( 0.2%) m-o-m growth
228.7
187.9
233.0
184.9
230.6
188.8
232.9
187.7
230.4
187.9
231.4
189.1
238.9
186.8
224.4
185.9
150
189.0
200
232.6
250
100
50
Trading Partners in Goods, September 2015
3.3
Source : US Bureau of Economic Analysis
4.0
3.9
Aug
Sep
4.0
4.0
3.9
3.6
2.9
2.9
2.5
2.7
3.0
3.0
3.2
2.9
2.0
1.0
0.5
1.0
1.0
1.1
1.5
1.2
11.8
5.8
5.6
5.2
4.1
1.0
EU
Mexico
Germany
Japan
3.5
4.1
3.0
36.3
4.0
1.0
China
US$ billion
4.5
2.9
US$ billion
Jun
Jul
Total Trade
US Trade with Malaysia (Goods)
1.2
Trade Deficit
Mar
Apr
May
Exports
Imports
2.2
1.5
1.1
3.5
0.6
0.9
OPEC
Australia
Hong Kong
Singapore
Feb
2.6
South & Central America
Jan
US$ billion
1.0
Trade Surplus
0
0.0
Jan
Feb
Mar
Apr
May
Exports
Imports
Jun
Jul
Total Trade
Aug
Sep
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
The 11 Most Expensive Countries
for a University Degree
Online B2B supplier site Expert Market analysed tuition fee data from the Quacquarelli Symmonds
(QS) Top Universities, for academic year 2014/2015 and the Gallup Median Self-Reported
Income report data in 2013.The list, which is based on tuition fees for a standard bachelor’s
degree as a percentage of household incomes around the world, shows that some parents are
willing to spend over 90% of their income on a standard bachelor’s degree at public institutions
for their kids. Business Insider took a look and added updated info about country income.
11 Most expensive countries for a university education
(Percentage of salary spent on university tuiton fees)
Japan
18%
Singapore
Hungary
36%
Britain
Romania
42%
Lithuania
Estonia
48%
Ukraine
Chile
52%
United States
Malaysia
53%
Malaysia
United States
55%
Chile
Ukraine
73%
Estonia
Lithuania
76%
Romania
Britain
86%
Hungary
Singapore
92%
0%
20%
40%
60%
80%
Japan
100%
Average tuiton fee cost ,$USD
Japan
Singapore
Britain
Lithuania
Ukraine
United States
Malaysia
Chile
Estonia
Romania
Hungary
24,000
35,400
40,290
23,904
23,200
Hungary
Romania
Estonia
91,832
18,000
23,600
38,400
25,200
34,200
0
20,000 40,000 60,000 80,000 100,000
Chile
Malaysia
United States
Ukraine
Lithuania
Britain
Source: https://agenda.weforum.org/2015/10/the-11-most-expensive-countries-for-a-university-degree/
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Number and Value of Preferential Certificates of Origin (PCOs)
Number of Certificates (Provisional data)
4 Oct 2015
11 Oct 2015
18 Oct 2015
25 Oct 2015
1 Nov 2015
AANZFTA
13 Sep 2015 20 Sep 2015 27 Sep 2015
868
674
1,017
1,026
875
815
1,003
802
AIFTA
614
574
597
776
643
569
546
736
AJCEP
236
167
197
241
250
122
194
236
ATIGA
4,346
3,955
4,037
4,837
4,481
3,871
4,774
3,817
ACFTA
1,307
1,021
1,035
1,582
1,552
1,276
1,479
1,551
AKFTA
825
609
755
778
837
576
1,001
886
MICECA
250
274
302
311
338
235
309
314
MNZFTA
21
2
7
6
10
2
7
7
MCFTA
77
42
57
77
71
58
82
44
MAFTA
414
368
390
417
481
421
560
366
MJEPA
732
754
824
927
679
799
871
807
MPCEPA
155
115
130
153
113
150
172
134
GSP
123
122
159
176
103
127
146
123
MTFTA
321
141
172
202
217
125
209
160
Notes: The preference giving countries under the GSP scheme are Cambodia, the Russian Federation, Japan, Switzerland, and Norway.
MPCEPA: Malaysia-Pakistan Closer Economic Partnership
Agreement (Implemented since 1 January 2008)
MJEPA: Malaysia-Japan Economic Partnership
Agreement (Implemented since 13 July 2006)
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)
MTFTA: Malaysia-Turkey Free Trade Agreement
(Implemented since 1 August 2015)
AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement
(Implemented since 1 January 2010)
ATIGA: ASEAN Trade in Goods Agreement
(Implemented since 1 May 2010)
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)
AIFTA: ASEAN-India Free Trade Agreement
(Implemented since 1 January 2010)
Value of Preferential Certificates of Origin
1,800
600
1,600
1,400
1,200
400
RM million
RM million
500
300
1,000
800
600
200
400
100
0
200
0
13 Sep
20 Sep
27 Sep
4 Oct
11 Oct
18 Oct
25 Oct
1 Nov
13 Sep
20 Sep
27 Sep
4 Oct
11 Oct
18 Oct
25 Oct
1 Nov
AANZFTA
82
70
124
109
88
197
106
296
ATIGA
681
766
659
944
849
1,660
805
613
AIFTA
156
522
153
252
182
147
124
174
ACFTA
902
341
480
901
645
602
878
579
AJCEP
110
67
89
122
102
46
65
86
AKFTA
851
123
271
150
659
108
1,065
192
200
60
180
160
140
40
RM million
RM million
50
30
20
120
100
80
60
40
10
0
20
0
13 Sep
20 Sep
27 Sep
4 Oct
11 Oct
18 Oct
25 Oct
1 Nov
13 Sep
20 Sep
27 Sep
4 Oct
11 Oct
18 Oct
25 Oct
1 Nov
MICECA
35.16
38.17
50.45
55.99
44.26
38.35
45.15
46.96
MJEPA
131
165
157
154
112
117
177
126
MNZFTA
0.45
0.07
0.42
0.09
0.10
0.06
0.66
0.17
MPCEPA
53
59
16
20
12
24
37
24
MCFTA
55.92
6.16
20.31
11.12
30.17
9.81
44.95
6.46
GSP
23
48
39
32
44
24
30
26
MAFTA
30.81
32.08
35.02
40.40
44.61
35.02
55.22
34.41
MTFTA
144
55
62
72
147
42
99
150
Source: Ministry of International Trade and Industry, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Malaysian Ringgit Exchange Rate with
Pound Sterling and Chinese Yuan
GBP = RM
CNY = RM
1 GBP = RM 6.54
6.80
1 CNY = RM 0.67
6.60
6.40
6.20
6.00
5.80
5.60
5.40
5.20
5.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2014
0.70
0.68
0.66
0.64
0.62
0.60
0.58
0.56
0.54
0.52
0.50
2015
Source : Bank Negara, Malaysia
Gold Prices, 3 July - 6 November 2015
Gold
US$/Gram
38.5
38.0
37.6
37.5
37.0
36.5
36.0
35.5
35.0
30 Oct
23 Oct
16 Oct
9 Oct
2 Oct
25 Sep
18 Sep
11 Sep
4 Sep
28 Aug
21 Aug
14 Aug
7 Aug
31 Jul
24 Jul
16 Jul
10 Jul
3 Jul
34.0
6 Nov
35.0
34.5
Source : http://www.gold.org/investments/statistics/gold_price_chart/
Silver and Platinum Prices, 3 July - 6 November 2015
Silver
US$/Oz
16.5
1,100.0
1,080.0
15.7
1,060.0
15.5
1,040.0
15.0
1,020.0
14.5
14.8
1,000.0
980.0
960.0
14.0
940.0
13.5
920.0
3 Jul
10 Jul
16 Jul
24 Jul
31 Jul
7 Aug
14 Aug
21 Aug
28 Aug
4 Sep
11 Sep
18 Sep
25 Sep
2 Oct
9 Oct
16 Oct
23 Oct
30 Oct
6 Nov
13.0
1,083.0
900.0
941.0
3 Jul
10 Jul
16 Jul
24 Jul
31 Jul
7 Aug
14 Aug
21 Aug
28 Aug
4 Sep
11 Sep
18 Sep
25 Sep
2 Oct
9 Oct
16 Oct
23 Oct
30 Oct
6 Nov
16.0
Platinum
US$/Oz
http://online.wsj.com/mdc/public/page/2_3023-cashprices.html?mod=topnav_2_3023
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Commodity Prices
Crude
Petroleum
(per bbl)
Crude
Palm Oil
(per MT)
Sugar
(per lbs.)
Rubber
SMR 20
(per MT)
Cocoa
SMC 2
(per MT)
Coal
(per MT)
Scrap Iron
HMS
(per MT)
6 Nov 2015
(US$)
44.3
558.5
14.5
1,172.5
2,052.5
46.2
190 (high)
170 (low)
% change*
4.9
1.4
0.4
4.8
0.6
0.5
2.6
2.9
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
Highest and Lowest Prices, 2014/2015
Crude Petroleum
(6 Nov 2015)
US$44.3 per bbl
Highest
(US$ per bbl)
Lowest
(US$ per bbl)
2015
29 May 2015: 60.3
2015
21 Aug 2015: 40.5
2014
13 June 2014: 107.6
2014
26 Dec 2014: 54.6
Average Domestic
Prices, 6 Nov 2015
“DRIVING Transformation, POWERING Growth”
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
Billets
(per MT)
RM1,250 - RM1,350
Crude Palm Oil
(6 Nov 2015)
US$558.5 per MT
Highest
(US$ per MT)
Lowest
(US$ per MT)
2015
16 Jan 2015: 701.0
2015
4 Sep 2015: 500.5
2014
14 Mar 2014: 982.5
2014
26 Dec 2014: 664.0
Steel Bars
(per MT)
RM1,500 - RM1,600
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.
MITI Weekly Bulletin / www.miti.gov.my
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Commodity Price Trends
Rubber SMR 20
Crude Palm Oil
1,350
600
584.0586.0
580
1,302.5
1,300
580.0
1,280.5
1,285.0
566.5
560
553.5
551.0
540
520
1,262.5
1,262.5 1,243.5
1,231.5
1,216.5
1,200
529.5
1,279.5
1,250.5
1,250
US$/mt
US$/mt
558.5
1,281.5
522.0
1,172.5
512.5
500
500.5
1,150
503.5
480
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct
9 Oct 16 Oct 23 Oct 30 Oct 6 Nov
1,100
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct
9 Oct 16 Oct 23 Oct 30 Oct 6 Nov
Black Pepper
Cocoa
2,150
8,500
2,115.5
7,967
8,000
2,100
2,094.5
2,030.2
7,707
7,500
7,591
2,052.5
US$/mt
2,000
7,296
7,286 7,267
USD/ tonne
2,034.5
7,853
7,806
7,894
2,084.12,064.3
2,047.3
2,033.5
2,021.62,044.3
2,009.8
2,050
7,822
7,000
7,029
6,997
6,864
6,469
6,500
1,950
6,000
1,910.4
6,940
7,148
7,063
6,742
6,515
6,245
5,740
1,900
5,779
5,843
5,500
1,850
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov
Oct
Nov
Sep
Jul
Aug
Jun
Apr
May
Mar
Jan
Feb
Dec
Oct
Nov
2014
* until 6 November 2015
2015
Crude Petroleum
Sugar
55
15
14.3
14
14.5
14.3
14.3
53
14.5
52.7
51
13.5
49
13
50.1
49.0
50.5
12.5
12
US$/bbl
12.4
11.7
48.1
45
47.5
46.1
45.2
44.7
48.1
47.3
45.7
44.6
49.6
48.0
47.4
46.6
45.5
44.6
44.3
42.5
41
11.0
10.4
39
10
37
35
9
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct
45.5
48.6
43
11.3
11
49.6
49.6
47
US$/lbs
Sep
Jul
Aug
Jun
Apr
May
Mar
Jan
1,800
Feb
5,000
9 Oct 16 Oct 23 Oct 30 Oct 6 Nov
40.5
Crude Petroleum (WTI)/bbl
Crude Petroleum (Brent)/bbl
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Commodity Price Trends
Copper
Aluminium
2,200
7,400 7,291
7,200
2,056
2,000
1,688
1,590
1,516
2014
Oct
Sep
Jul
Jun
Apr
May
Mar
Jan
Feb
Oct
Nov
Jan
2015
Dec
5,000
Oct
Sep
Jul
Aug
Jun
Apr
May
Mar
Jan
Feb
Dec
Oct
Nov
Sep
Jul
Aug
Jun
Apr
May
Mar
Jan
Feb
5,217
5,127
5,216
5,200
1,400
2014
5,457
5,400
1,548
1,500
5,729
5,600
Sep
1,640
1,600
5,833
5,831
5,800
Jul
1,695 1,705
6,295
6,042
5,940
6,000
Apr
1,774
1,751
6,200
May
1,727
1,700
1,804
6,446
6,400
Mar
1,815
6,713
6,737
6,650 6,674
Aug
1,819
1,818
1,839
US$/ tonne
US$/ tonne
1,811
1,800
6,872
6,821
6,600
1,909
Feb
1,946
1,900
6,891
6,800
1,990
1,948
7,113
7,002
7,149
7,000
Aug
2,030
Jun
2,100
2015
Coal
Nickel
47.6
19,401
19,118
19,000
47.4
18,600
18,629
17,000
47.2
18,035
47.3
47.3
47.2
47.0
17,374
47.3
15,678
15,000
46.8
14,574
US$/mt
14,849
14,101 14,204
13,756
13,000
11,000
11,413
10,317
2014
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
9,000
Mar
46.6
46.4
46.4
46.2
2015
45.6
45.4
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct
9 Oct 16 Oct 23 Oct 30 Oct 6 Nov
Iron Ore
Scrap Iron
140.0
130.0 128.1
280.0
121.4
120.0
260.0
220
230.0
230.0
230.0
92.7
81.0
80.0
220.0
82.4
74.0
210.0
210.0
200
90.0
68.0
70.0
210.0
195.0
195.0
63.0
68.0
190.0
50.0
5 Jun 19 Jun
3 Jul
24 Jul 7 Aug 14 Aug 28 Aug 11 Sep 25 Sep 9 Oct 30 Oct 6 Nov
57.0
53.0
52.0
2014
Mar
Feb
Jan
Dec
Nov
Oct
Aug
Jul
Jun
40.0
May
170.0
Apr
175.0
Mar
Scrap Iron/MT(Low)
160
56.0
52.0
Jan
Scrap Iron/MT (High)
Feb
180
63.0
60.0
58.0
60.0
Oct
230.0
230.0
96.1
92.6
Sep
240.0
Aug
240
100.0
Jul
250.0
111.8
100.6
250.0
Jun
250.0
May
260.0
US$/dmtu
260.0
114.6
110.0
Apr
280.0
270.0
US$/mt
46.2
45.8
300
260
46.4
46.4
46.0
9,938
Jan
46.6
46.2
10,386
280
46.9
13,511
12,831 12,825
Feb
46.9
Sep
US$/ tonne
15,962
15,812 15,807
2015
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.
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
My-Sutera Sdn Bhd
This story is about Annas bin Ahmad, of how he remarkably took
over a company that was losing money to the tune of more than an
accumulated RM40 million and within a few short years completely
wiped out the deficit and turned the company into a profit generating
giant.
Annas started young and small. He grew up in a family of moderate
means, the third child of four to a hardworking clerical worker and their
supportive mother who stayed at home to take care of the family. Annas
recalled once as a child being asked to buy a book for school, he had
quietly inspected his father’s wallet, when he found that his father did
not have the money to spare, he decided to keep quiet and make do
without the book.
To make extra income Annas operated a sugar cane stall after school
hours. He found the endeavour rewarding and was grateful for the
side income, but he realised the way to a better life would be through
education. As a child Annas was drawn to the world that a lawyer lives
and works in, and decided that he would become a successful lawyer
when he grew up. He studied hard and went to university to study law.
Along the way, he always found ways to make a side income, with one notable enterprise that of supplying
stationeries and study notes to his mates in university.
Intelligent and determined, Annas graduated and was quickly recruited into the world of corporate law. He
earned a good living as a lawyer. As his career progressed, he found more and more possibilities opening up
before him. After around five years he decided to go into business for himself. Roping in his family members
to help, he ventured into a variety of small businesses, including food, oil and gas, laundry and properties.
These enterprises allowed him to hone his business skills, gain experience and expand his network of business
associates.
When his big opportunity came, he was fully prepared. When Annas entered the picture, KUB Tekstil Sdn Bhd,
which was incorporated in 1995 was a company in trouble. It was suffering from RM42 million in accumulated
losses. He was offered the company as the current owner was no longer able to keep it afloat. Annas studied
the company carefully and did full diligence. The company produced the high-quality line of school uniform
under the brand of Canggih, which was already a well-known brand among parents. He was confident of turning
around the ailing company and decided to proceed with the takeover.
He struggled to raise the funding to complete the deal, but was able to complete the deal in July 2007. Immediately
upon taking over, he already had his plans all laid out. Without wasting a single day, he totally revamped the
operations of the company. Unfavourable and inefficient procurement arrangements were scrapped. Assembly
line production was maximised. Performance bonuses and salary increments were offered and he set about
transforming the work culture within the company. The result was impressive - costs were drastically slashed,
production was multiplied. The company immediately turned a profit. Annas never looked back. Today, a mere
eight years later, the company is in the black and raking in millions every year in a lucrative market.
SME Bank played the role of an ever-present partner throughout the company’s growth and expansion. Annas
was able to raise financing to fund his business plan to the tune of RM13.8 million through several Islamic
Financing packages from SME Bank. Today, the company now known as My-Sutera Sdn Bhd is capable of
producing more than 2.5 millions pieces of apparel per year at its factory in Pengkalan Chepa, Kelantan. The
Canggih brand is sold via a retail network of over 500 departmental stores and hypermarkets nationwide.
Having pulled off this remarkable turnaround, Annas now envisions a future where his company and his brand
is famous world-wide, leaving a lasting legacy that will bring joy and happiness to his family and his staff.
- See more at: http://www.yoursuccessourstory.com/story07.html#page=page-1
No. 17 & 19A, Jalan Snuker 13/28, Tadisma Business Park, Seksyen 13,
40100, Shah Alam, Selangor Darul Ehsan
Tel : 6(03) 5512 9219 Fax : 6(03) 5513 9219
Email: [email protected]
Website: canggih.my
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
TPPA Briefing with the Minister of International
Trade and Industry, 5 November 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MITI Programme
Dinner Fashionshow INTRADE at MATRADE,
4 November 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
@ YOUR SERVICE
Name
: Megawati Md. Noor
Designation
: Assistant Administrative Officer
Job Description :
Assist in MITI official function
Division:
Logistics and Maintenance Unit
Contact No :
603-6200 0241
Email :
[email protected]
Name
: Hashimah Abu Kasim
Designation
: Assistant Administrative Officer
Job Description :
Manage logistics and
Division:
maintenance of MITI building
Logistics and Maintenance Unit
Contact No :
603-6200 0232
Email :
[email protected]
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