“DRIVING Transformation, POWERING Growth”
MITI in the NEWS
FITCH Outlook Upgrade Clears Up Lingering
Misperceptions Among Investors
The decision by Fitch to upgrade the outlook for Malaysia from
“Negative” to “Stable” is a strong endorsement of the country’s
economic fundamentals and the Government’s management of
the economy, Dato’ Sri Mustapa Mohamed said.
The Minister of International Trade and Industry continues, “This
is also an affirmation of the Government’s prudent, proactive
and pragmatic policies under the Economic Transformation
Programme to re-structure and diversify the economy.”
Dato’ Sri Mustapa said Fitch’s decision was particularly welcome
in helping clear up lingering misperceptions among investors and
could further enhance Malaysia’s attractiveness as a preferred
investment destination. “This is especially relevant at a time of
uncertainty in the global economy and the on going turbulence in
geopolitics,” he said.
He pointed out that even before the revised rating, Malaysia was experiencing annual double-digit growth
in realised investments. Private investments in 2013 grew by 13.1% and 11% from 2013 to 2014,” he said.
Approved investments in the first quarter of 2015 stood at RM 57.4 billion. “We are striving very hard to
maintain the momentum of the past two years, although the world political and economic environment will
present additional challenges this year” Dato’ Sri Mustapa said. “All the investments, those approved and
implemented as well as those approved but awaiting implementation represent employment opportunities for
talented and hard-working Malaysians,” he said.
Dato’ Sri Mustapa stressed that Fitch’s rating comes on the heels of several other reports by independent
international organisations that have seen Malaysia continue doing well as the preferred place to do business.
These include rankings by IMD, World Bank and World Economic Forum.
“Investors are cognisant of these credible and influential reports. The latest Fitch rating is likely to give an
added boost to our efforts in attracting the high-quality and high-value-added investments that are crucial
towards achieving our aim of attaining the status of a high-income economy by 2020,” he said.
Dato’ Sri Mustapa also emphasised that Fitch’s decision and the positive reports by other international entities
should not lead to any complacency, given the rising competitiveness globally. “Quite the opposite, actually.
They should spur us to fix any shortcomings and enhance our efforts to promote Malaysia as a preferred
place for doing business,” he said.
Source : Ministry of International Trade and Industry, 2 July 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Government Retains AP Policy for Used Cars
The Government still retains the approved permit (AP) policy for the import of used cars, International
Trade and Industry Minister Datuk Seri Mustapa Mohamed said. He said the abolishment of the
policy was still being studied as it was a rather complex exercise.
“At the moment, the policy still applies. We have yet to resolve a few things,” he told reporters after
the breaking of fast with students hosted by the International Trade and Industry and Ministry here
yesterday.
Meanwhile, Mustapa said the Government had identified the export of vehicle components as a
potential sector that could contribute to the growth of the country’s automotive industry, instead of
exporting vehicles.
“As the Malaysian market is relatively mature, it is quite difficult for us to achieve a 10% growth.
“We feel that there is greater potential in exporting automotive components as several Malaysian
companies had already succeeded in doing that,” he said.
Two deputy international trade and industry ministers, namely Senator Datuk Lee Chee Leong and
Datuk Hamim Samuri were present. At the event, Mustapa presented Aidilfitri gifts to 30 students
from quran memorisation schools, Maahad Tahfiz Darul Muhibbin and Maahad Tahfiz Sains Fatimah
Al Zahrah.
Source: Bernama, 6 July 2015
Monetary and Financial Developments
May 2014
Price Conditions
Headline inflation, as measured by the annual percentage change in the Consumer Price Index
(CPI), increased to 2.1% in May (April: 1.8%). However, on a month-to-month basis, the increase
of 0.4% was lower than the 0.9% increase in April. During the month, the increase in the CPI also
reflected high food prices due to reduced supply of fresh food items amidst the rainy season.
Monetary Conditions
Interbank rates were stable in May. In terms of retail lending rates, the average base rate (BR) of
commercial banks was steady at 3.88%. Retail deposit rates were unchanged during the month.
Net financing to the private sector grew by 8.3% in May, driven by higher growth of both outstanding
banking system loans and net outstanding issuances of private debt securities (PDS). Outstanding
business loans registered a higher annual growth rate, with a larger volume of loans disbursed
mainly to the finance, insurance and business services; agriculture; real estate; and electricity, gas
and water supply sectors during the month. The annual growth in outstanding household loans
continued to moderate. Overall loan demand was relatively stable with sustained loan applications
from both the business and household sectors. On an annual basis, broad money (M3) growth
moderated to 5.7% in May. The expansion in M3 was driven mainly by the extension of credit to the
private sector by the banking system. The expansion, however, was partially offset by a decline in
net foreign assets following net capital outflows during the month.
Banking System
Banking system remained well capitalised with the Common Equity Tier 1 Capital Ratio, Tier 1
Capital Ratio and Total Capital Ratio at 12.3%, 13.1% and 15.1% respectively. The level of net
impaired loans was sustained at 1.2% of net loans while loan loss coverage ratio remained above
100%.
Exchange Rates and International Reserves
In May, the ringgit depreciated against the currencies of most of Malaysia’s major trade partners,
driven by both external and domestic factors. During the month, most major and regional currencies
also depreciated against the US dollar. This was due to a shift in expectations on the timing of
US interest rate normalisation. The international reserves of Bank Negara Malaysia amounted to
RM390.2 billion (equivalent to USD105.3 billion) as at 15 June 2015, sufficient to finance 8.1 months
of retained imports and were 1.1 times the short-term external debt .
Source : Bank Negara Malaysia,30 June 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MALAYSIA
Trade Performance
Trade Balance
May 2015 - RM60.5 billion
RM54.9 billion - May 2015
Jan-May 2015 - RM304.2 billion
RM270.4 billion - Jan-May 2015
-6.7% y-o-y growth
-4.7% y-o-y growth
Major Exports Contributors:
-7.2% y-o-y growth
(May 2015)
-2.8% y-o-y growth
-2.3% y-o-y growth
(Jan-May 2015)
RM5.5 billion
RM33.7 billion
-17.2% y-o-y growth
Major Imports Contributors:
(Jan-May 2015)
(Jan-May 2015)
E&E
Major Trading
Partners
E&E
35.0% (RM106.3b)
(Jan-May 2015)
29.0% (RM78.3b)
LNG
PRC
RM85.8b
Chemical & Chemical
7.3% (RM22.3b)
Singapore
9.6% (RM25.9b)
Chemical & Chemical
RM74.0b
Petroleum
7.1% (RM21.7b)
Japan
8.7% (RM23.6b)
RM53.7b
Trade Performance, January 2014 - May 2015
RM billion
140
121.6
120.4
120
123.7 124.0
118.3 118.6
123.9
129.0
119.7
126.2
125.1
118.3
116.3
107.4
100
113.9 115.4
101.8
80
60
40
58.9
48.5
65.0
55.4
66.2
57.5
64.8
59.2
61.2
57.1
61.1
57.5
63.9
60.0
64.5
55.2
65.1
63.9
63.7
52.6
67.7
58.5
63.6
54.6
53.2
48.6
66.5
58.6
60.4
53.5
60.5
54.9
0
64.0
57.6
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
2014
Exports
Source : Department of Statistics, Malaysia
2015
Imports
Total Trade
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Trade by Region
January-May 2014
Latin America
RM13.9b
Oceania
2%
RM27.6b
5%
Africa
RM12.2b
2%
Others
RM2.2b
1%
North America
RM49.7b
8%
Top Five
Export Destinations,
January-May 2015
Singapore
RM42.3b, 13.9% share, -4.8% growth
PRC
RM36.7b, 12.1% share, -6.1% growth
Japan
Europe
RM67.5b
11%
RM31.8b, 10.5% share, -12.1% growth
ASEAN
RM161.8.0b
(38% of Asia)
Asia
RM424.0b
71%
USA
RM28.2b, 9.3% share, 9.1% growth
Thailand
RM17.6b, 5.8% share, 5.9% growth
RM597.1 billion
January-May 2015
Oceania
RM23.1b
4%
North America
RM51.9b
9%
Africa
RM11.8b
2%
Latin America
RM11.5b
2%
Others
RM1.9b
0%
Export to these countries collectively
constituted 51.5% of total Malaysia’s export
Top Five
Import Sources,
January-May 2015
PRC
RM49.1b, 18.2% share, 10.5% growth
Singapore
RM31.7b, 11.7% share, -12.7% growth
Europe
RM66.8b
12%
Asia
RM407.5b
71%
ASEAN
RM156.0b
(38% of Asia)
Japan
RM21.9b, 8.1% share, -5.3% growth
USA
RM21.2b, 7.9% share, -0.5% growth
Thailand
RM16.1b, 6.0% share, -1.7% growth
RM574.4 billion
Source : Department of Statistics, Malaysia
Import from these countries collectively
constituted 51.8% of total Malaysia’s import
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Malaysia Oil and Gas Industry, 2013
Source : Malaysia Petroleum Resources Corporation
MITI Weekly Bulletin / www.miti.gov.my
’
“DRIVING Transformation, POWERING Growth”
and You’
MITI’s ASEAN Portal can be accessed via http://aec2015.miti.gov.my/
Inflation Rate
Malaysia
Inflation Rate (%)
4
3
3
2
2
1
1
0
0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2014
Mar
Apr
-1
May
Jan
9
Feb
Mar
Apr
May
2015
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2014
Indonesia
Inflation Rate (%)
Singapore
Inflation Rate (%)
Apr
May
Thailand
Inflation Rate (%)
3
8
Mar
2015
2
7
1
6
0
5
-1
4
3
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
2014
Apr
-2
May
Jan
8
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2014
Myanmar
Inflation Rate (%)
Feb
2015
6
5
6
4
5
3
4
Apr
May
Philippines
Inflation Rate (%)
7
Mar
2015
2
3
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
7
6
Jan
2015
Lao PDR
Inflation Rate (%)
1
Feb
2014
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2014
Mar
Apr
May
Apr
May
2015
Viet Nam
Inflation Rate (%)
6
5
5
4
4
3
3
2
2
1
1
0
-1
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2014
Mar
Apr
May
2
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
2014
Brunei
Inflation Rate (%)
0
2015
Mar
2015
Cambodia
Inflation Rate (%)
6
5
1
4
3
0
2
-1
1
0
Jan
-2
Jan
Feb
Mar
Apr
May
Jun
Jul
2014
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Feb
Mar
Apr
May
Jun
2014
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
2015
2015
Source: Tradingeconomics.com, Department of Economic Planning and Development Brunei, National Institute of Statistics Cambodia, Statistics
Indonesia, Bank of The Lao PDR, Department of Statistics Malaysia, Central Statistics Organization Myanmar, National Statistics Office of Philippines,
Statistics Singapore, Bureau of Trade and Economic Indices of Ministry of Finance Thailand, General Statistics Office of Viet Nam
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
International Report
INDIA
US$ million
India's Trade of Crude Petroleum Oil
160,000.0
140,000.0
120,000.0
100,000.0
80,000.0
60,000.0
40,000.0
20,000.0
0.0
US$ million
HS: 2709
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
India's Trade of Petroleum Oil (Not Crude)
80,000.0
70,000.0
70,000.0
60,000.0
60,000.0
50,000.0
50,000.0
40,000.0
40,000.0
30,000.0
30,000.0
20,000.0
20,000.0
10,000.0
0.0
India's Trade of Diamonds
US$ million
HS: 2710
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
10,000.0
0.0
HS: 7102
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
India's Trade for January 2000 to March 2015
US$ million
50,000.0
40,000.0
30,000.0
20,000.0
Export
10,000.0
Import
Trade Balance
0.0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
-10,000.0
-20,000.0
-30,000.0
Source: World Trade Atlas
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
PUERTO RICO
Area
9,104 km2
Population
3.548 million (2014e)
Economic Indicators
Labour Force
GDP Growth
1.138 million (May-July 2015)
-0.9% (2014)
External Trade
(April-July 2015)
Exports US$57.7b
Imports US$36.0b
Trade Balance US$21.7b
Inflation Rate
Unemployment
Rate
-0.2% (April-July 2015)
13.0% (May-July 2015)
Source : Tradingeconomics, Wikipedia and Puerto Rico Economic Indicators
RM million
Malaysia's Trade with Puerto Rico, 2005 to 2014
180
160
140
120
100
87.4
80
60
56.2
40
31.3
20
0
2005
2006
2007
2008
EXPORTS
2009
2010
IMPORTS
2011
2012
2013
2014
TOTAL TRADE
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Foreign Direct Investment (FDI) Ranking, 2014
RANKING
FDI INFLOW
2014 2013
1
2
CHINA
2
3
HONG KONG
3
1
USA
4
9
UK
5
6
SINGAPORE
6
7
BRAZIL
7
4
CANADA
8
8
AUSTRALIA
9
15
INDIA
10 14
NETHERLANDS
11 21
CHILE
12 12
SPAIN
13 10
MEXICO
14 19
INDONESIA
15 187
SWITZERLAND
16 5
RUSSIA
17 185
FINLAND
18 22
COLUMBIA
19 11
FRANCE
20 148
POLAND
Source : Global Investment Trends, UNCTAD
RANKING
2014 2013
1
1
2
5
3
3
4
2
5
10
6
4
7
7
8
15
9
6
10 12
11 16
12 14
13 13
14 9
15 17
16 25
17 22
18 19
19 29
20 21
FDI OUTFLOW
USA
HONG KONG
CHINA
JAPAN
GERMANY
RUSSIA
CANADA
FRANCE
NETHERLANDS
SINGAPORE
IRELAND
SPAIN
ROK
ITALY
NORWAY
SWITZERLAND
MALAYSIA
KUWAIT
CHILE
TAIWAN
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)
10 May 2015 17 May 2015 24 May 2015 31 May 2015 7 Jun 2015 14 Jun 2015 21 Jun 2015 28 Jun 2015
AANZFTA
689
826
978
774
841
799
836
924
AIFTA
649
636
609
599
605
527
597
662
AJCEP
191
210
236
187
170
196
179
169
ATIGA
4,009
4,872
4,573
4,126
4,390
4,548
4,532
4,202
ACFTA
1,355
1,571
1,659
1,461
1,653
1,319
1,535
1,351
AKFTA
704
934
769
1,173
816
670
851
822
MICECA
335
383
337
289
362
279
328
302
MNZFTA
4
11
15
6
8
2
14
6
MCFTA
51
63
55
43
71
75
55
48
MAFTA
343
410
349
352
494
438
291
435
MJEPA
797
849
930
802
844
687
839
867
MPCEPA
149
115
176
207
138
137
177
167
GSP
110
140
132
131
188
97
105
116
Notes: The preference giving countries under the GSP scheme are Switzerland, the Russian Federation, Norway and Cambodia.
AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement
(Implemented since 1 January 2010)
MPCEPA: Malaysia-Pakistan Closer Economic Partnership
Agreement (Implemented since 1 January 2008)
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)
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)
Value of Preferential Certificates of Origin
3,000
250
2,500
2,000
150
RM million
RM million
200
100
1,500
1,000
50
0
500
10 May
17 May
24 May
31 May
7 Jun
14 Jun
21 Jun
28 Jun
AANZFTA
66
78
85
86
78
77
87
85
AIFTA
149
167
130
154
128
89
236
157
AJCEP
97
54
81
78
58
56
76
96
0
10 May
17 May
24 May
31 May
7 Jun
14 Jun
21 Jun
28 Jun
ATIGA
793
1,004
811
1,453
918
942
802
880
ACFTA
635
634
774
542
632
762
726
827
AKFTA
210
1,955
431
2,433
305
91
125
149
600
80
70
500
400
50
RM million
RM million
60
40
30
300
200
20
100
10
0
10 May
17 May
24 May
31 May
7 Jun
14 Jun
21 Jun
28 Jun
MICECA
40.91
68.16
63.69
46.88
58.06
43.12
58.12
33.25
MNZFTA
0.06
0.28
0.32
0.05
0.14
0.16
0.19
0.10
MCFTA
24.68
38.86
22.92
5.09
24.81
20.97
16.39
15.89
MAFTA
26.38
38.37
29.92
51.69
37.80
34.62
45.01
34.61
Source: Ministry of International Trade and Industry, Malaysia
0
10 May
17 May
24 May
31 May
7 Jun
14 Jun
21 Jun
28 Jun
MJEPA
128
141
177
146
220
133
523
118
MPCEPA
20
14
58
88
21
27
73
33
GSP
34
25
20
19
22
16
16
15
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Malaysian Ringgit Exchange Rate with
US Dollar and Euro
1 USD = RM
3.80
3.70
3.60
3.50
3.40
3.30
3.20
3.10
3.00
2.90
2.80
1 EUR = RM
1 USD = RM 3.74
1 EUR = RM 4.19
Jan Feb Mar Apr May Jun
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
2014
4.60
4.50
4.40
4.30
4.20
4.10
4.00
3.90
3.80
3.70
3.60
2015
Source : Bank Negara, Malaysia
Gold Prices, 27 February - 3 July 2015
Gold
US$/Gram
39.5
39.0
39.0
38.5
38.0
37.6
37.5
37.0
36.5
36.0
3 Jul
26 Jun
19 Jun
12 Jun
5 Jun
29 May
22 May
15 May
8 May
29 Apr
24 Apr
17 Apr
10 Apr
3 Apr
27 Mar
20 Mar
13 Mar
6 Mar
27 Feb
35.5
Source : http://www.gold.org/investments/statistics/gold_price_chart/
Silver Prices, 27 February - 3 July 2015
Silver
US$/Oz
18.0
17.5
17.0
16.6
16.5
16.0
15.7
15.5
15.0
3 Jul
26 Jun
19 Jun
12 Jun
5 Jun
29 May
22 May
15 May
8 May
29 Apr
24 Apr
17 Apr
10 Apr
3 Apr
27 Mar
20 Mar
13 Mar
6 Mar
27 Feb
14.5
Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Commodity Prices
Crude
Petroleum
(per bbl)
Crude
Palm Oil
(per MT)
Raw
Sugar
(per MT)
Rubber
SMR 20
(per MT)
Cocoa
SMC 2
(per MT)
Coal
(per MT)
Scrap Iron
HMS
(per MT)
3 July 2015
(US$)
56.9
661.5
263.3
1,499.0
2,207.6
44.9
270 (high)
250 (low)
% change*
4.6
0.5
3.3
3.3
1.9
0.9
3.6
3.8
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
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
Highest and Lowest Prices, 2014/2015
Crude Petroleum
(3 July 2015)
US$56.9 per bbl
Highest
(US$ per bbl)
Lowest
(US$ per bbl)
2015
29 May 2015: 60.3
2015
13 Mar 2015: 44.8
2014
13 June 2014: 107.6
2014
26 Dec 2014: 54.6
Average Domestic
Prices, 3 July 2015
Billets
(per MT)
RM1,380 - RM1,430
Crude Palm Oil
(3 July 2015)
US$661.5 per MT
Highest
(US$ per MT)
Lowest
(US$ per MT)
2015
16 Jan 2015: 701.0
2015
6 Feb 2015: 621.0
2014
14 Mar 2014: 982.5
2014
26 Dec 2014: 664.0
Steel Bars
(per MT)
RM1,650 - RM1,750
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
“DRIVING Transformation, POWERING Growth”
Commodity Price Trends
Crude Palm Oil
Rubber SMR 20
675
1,650
1,629.0
1,615.5
672.0
670
1,600
1,584.0
665
660
656.5
654.0
650
1,523.5
658.5
US$/mt
US$/mt
655
1,550.0
1,550
660.0
659.5
1,570.5
661.5
663.5
655.0
651.5
1,502.0
1,500
1,510.0
1,499.0
648.8
647.0
645
1,450
1,435.0
640
1,405.0
1,400
1,390.0
635
1,350
630
17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul
3 Jul
Black Pepper
Cocoa
2,300
8,500
2,260.7
2,250.9
2,250
2,213.8
2,200
2,143.9
2,143.0
2,109.6
2,100
2,050 2,042.1
7,2867,267
7,000
6,864
6,515
6,245
5,740
5,779
2,000
5,500
1,950
5,000
7,148
7,063
6,469
6,500
6,000
7,383
7,507
2,067.5
2,045.4
7,853
7,806
7,894
7,707
7,500
USD/ tonne
US$/mt
2,150
7,822
2,207.6
2,188.9
2,173.6
2,186.5
7,967
8,000
5,843
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2014
1,900
10 Apr 17 Apr 24 Apr 29 Apr 8 May 15 May22 May29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul
Raw Sugar
Crude Petroleum
300
70
290
291.8
287.0
280
288.8
66.8
65
287.5
283.6
65.3
64.6
60
262.3 263.4
263.3
US$/bbl
58.6
US$/mt
65.4
65.6
63.3
270
250
65.4
63.5
278.3
260
2015
* until 3 July 2015
55
59.4
59.7
59.7
60.3
59.1
63.9
60.0
63.0
63.3
59.6
59.7
57.2
60.3
56.9
55.7
254.8
254.3
249.8
50
240
45
230
Crude Petroleum (WTI)/bbl
220
40
17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
3 Jul
Crude Petroleum (Brent)/bbl
17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
3 Jul
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Commodity Price Trends
Aluminium
2,100
Copper
7,500
2,056
2,030
7,300
2,000
1,946
1,909
1,818
1,839
1,811
1,800
1,819
1,815
1,727
1,700
1,695
1,804
1,774
1,751
7,002
6,891
6,900
1,705
US$/ tonne
US$/ tonne
1,900
7,113
7,149
7,100
1,990
1,948
7,291
6,872
6,713
6,821
6,700
6,650
6,500
6,737
6,674
6,446
6,042
5,940
6,100
1,688
5,900
1,600
5,729
5,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
2015
2014
2015
Coal
Nickel
56.0
20,000
19,401
55.2
19,118
54.0
19,000
18,629
18,000
52.0
52.0
51.8
51.6
50.0
15,962
16,000
15,812
15,678
15,807
14,574
50.3
49.1
48.0
48.8
46.0
14,849
14,000
54.4
53.3
18,035
US$/mt
US$/ tonne
18,600
17,374
17,000
15,000
5,833
5,831
5,700
1,500
2014
6,295
6,300
46.2
45.3
14,101 14,204
13,756
13,000
13,511
12,831
12,825
44.0
44.9
42.0
12,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
2014
40.0
2015
17 Apr 24 Apr 29 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
Scrap Iron
3 Jul
Iron Ore
140.0
340
130.0 128.1
121.4
320
120.0
110.0
300
90.0
96.1
250.0 250.0 250.0 250.0 250.0 250.0 250.0 250.0
250.0
81.0
82.4
68.0
68.0
50.0
63.0
60.0
58.0
63.0
52.0
40.0
Scrap Iron/MT(Low)
20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 8 May 15 May 29 May 5 Jun 19 Jun
74.0
70.0
60.0
Scrap Iron/MT (High)
92.6
92.7
260.0 260.0 260.0
220
200
100.6
80.0
260
240
270.0
US$/dmtu
US$/mt
270.0 270.0 270.0 270.0 270.0 270.0 270.0 270.0
111.8
100.0
280.0 280.0 280.0
280
114.6
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
3 Jul
2014
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”
S
uccess
t o r y
AIMS-GOLBAL
ENGINEERING
SDN BHD
AIM-Global Engineering Sdn Bhd was incorporated on 12th October 2002 and is based in
Kuala Terengganu. We own operate and charter vessels to provide support for exploration,
development and production activities for the offshore oil & gas industry.
Key Clients & Projects:
Clients:
• Sapurakencana Allied Marine Sdn. Bhd
• Petronas Carigali Sdn. Bhd.
Clients:
• Allied Marine Equipment Sdn. Bhd.
• Petronas Carigali Sdn. Bhd.
Projects Name & Work Scope Summary:
• Provision of supply vessel for PCSB
Projects Name & Work Scope Summary:
• Provision of supply vessel for SKO KASS
SAPL
Clients:
• Ace Marine Services Sdn. Bhd.
• Hess Exploration & Production Malaysia
B.V
Clients:
• Dayang Enterprise Sdn. Bhd.
• Petronas Carigali Sdn. Bhd.
Projects Name & Work Scope Summary:
• Provision of two(2) utility vessel as a chase
boat for PGS APOLLO
Projects Name & Work Scope Summary:
• Provision of hook-up & commissioning
of topside for tangga barat cluster
development phase I
Clients:
• Malaysia Engineering & Oilfield Services
Sdn. Bhd.
• Petronas Carigali Sdn. Bhd.
Projects Name & Work Scope Summary:
• Provision of accomodation vessel as
replacement Duyong 1
Contact US:
AIMS-GLOBAL ENGINEERING SDN. BHD. (595546-H)
No 20 & 21, Blok B, Bestari Centre, Jalan Hiliran, 20300
Kuala Terengganu, Terengganu, Malaysia.
Telephone: +609 – 622 8848, Fax : +609 – 623 8848
Website: www.aimsglobal.com.my
Email: aims@aimsglobal.com.my
MITI Weekly Bulletin / www.miti.gov.my
MITI Programme
“DRIVING Transformation, POWERING Growth”
Majlis Berbuka Puasa Bersama YB Menteri, 6 Julai 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Malaysia - China Economic Forum at One World Hotel
Kuala Lumpur, 29 June 2015
Announcement
Fitch’s Reaffirmation of Malaysia’s A- Rating
The Government welcomes Fitch Ratings’ announcement reaffirming Malaysia’s long-term foreign currency IDR at
‘A-‘ and revising the Outlook upward from Negative to Stable.
The reaffirmation with a stable outlook reflects a fair and balanced view of the Government’s commitment to sound
macroeconomic policies and significant fiscal reforms. Fitch Ratings has acknowledged the structural reforms that
the Government has undertaken, such as the subsidy rationalisation and revenue diversification, particularly the
implementation of the Goods and Services Tax (GST). The Government remains resolute in strengthening public
finances and will stay the course of fiscal consolidation path towards achieving a balanced budget by 2020.
The Government’s transformation programmes have benefited the economy and the rakyat. These initiatives will
be continued through the 11th Malaysia Plan to transform Malaysia into a high-income, inclusive and sustainable
economy.
Despite Fitch’s concerns on 1MDB, the clarification on its rationalisation plan and options including monetisation of
its assets, clearly indicates that 1MDB will not pose a systemic risk to the financial sector.
Notwithstanding the challenges in the external environment, the Malaysian economy remains resilient with the
private sector driving growth. Investor confidence remains strong as seen in the over-subscription of Malaysia’s
US$1.5 billion sukuk issuance in April 2015.
In our view, the latest assessment on Malaysia’s credit rating is a recognition of the Government’s continuous efforts
in embracing structural reforms to build a sustainable, inclusive and competitive economy. It also reflects the strong
economic fundamentals and the sound financial position of the country.
Ministry of Finance Malaysia, 1 July 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Regional Comprehensive Economic Partnership (RCEP),
12 - 13 July 2015 at Renaissance Hotel Kuala Lumpur
List of Ministers Attending RCEP Meeting:
Brunei
Cambodia
Indonesia
Lao PDR
H.E. Pehin Dato Lim Jock Seng
Second Minister of Foreign Affairs and Trade
H.E. Sun Chanthol
Senior Minister and Minister of Commerce
H.E. Rahmat Gobel
Minister of Trade
H.E. Khemmani Pholsena
Minister of Industry and Commerce
Myanmar
Malaysia
Philippines
Singapore
Thailand
Viet Nam
China
Japan
Korea
India
Australia
New Zealand
H.E. Dr. Kan Zaw
Union Minister of National Planning & Economic Development
H.E Dato’ Sri Mustapa Mohamad
Minister of International Trade and Industry
H.E. Lim Hng Kiang
Minister of Trade and Industry
H.E. Gregory L. Domingo
Secretary of Trade and Industry
H.E. General Chatchai Sarikalya
Minister of Commerce
H.E. Dr. Vu Huy Hoang
Minister of Industry and Trade
H.E. Gao Hucheng
Minister of Commerce
H.E. Yoichi Miyazawa
Minister of Economy, Trade and Industry Japan
H.E. Nirmala Sitharaman
Minister of State (Independent Charge) for
Commerce and Industry (Independent Charge)
H.E. Yoon Sang-Jick
Minister of Trade, Industry and Energy
The Honorable Andrew Robb Ao MP
The Honorable Tim Grosser
Minister of Trade
ASEAN Secretariat
H.E. Le Luong Minh
Secretary General
Penang UNESCO World Herritage Day
7 July 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
REMEMBRANCE
May their souls rest in peace...
Name
Designation
Job
Description
Division
Contact No
Email
: Fazilah Hamid
: Assistant Accountant
: Consulting & monitoring Managing advisory
accounting and financial
management.
: Accounts
: 603-6200 0079
: fazilah.hamid@miti.gov.my
Name
Designation
Job
Description
Division
Contact No
Email
: Nor Salina Sharuddin
: Assistant Accountant
: Financial Accounting Managing processing fees
and asset accounting.
: Accounts
: 603-6200 0079
: salina.sharuddin@miti.gov.my
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