MITI in the News
Malaysia’s 2014 Trade Surplus Registers
Double-Digit Growth
“The growth impetus in exports resulted in a trade surplus of RM83.11
billion, representing Malaysia’s achievement of 17 consecutive years of
trade surplus,” he told reporters at the unveiling of “Malaysia’s Trade
Performance 2014”, here today.
He said exports in 2014 rose by 6.4 per cent or RM46.14 billion to
RM766.13 billion, surpassing the forecast export growth of six per cent
in the 2014/2015 Economic Report.
Mustapa noted that the country’s imports increased by 5.3 per cent or RM34.32 billion to RM683.02
billion.Malaysia’s total trade expanded by 5.9 per cent to reach RM1.45 trillion in 2014 compared with
RM1.37 trillion in 2013. He said the continued uptrend was supported by stronger than expected
export growth.
“DRIVING Transformation, POWERING Growth”
Malaysia’s 2014 trade surplus registered double-digit growth of 16.6
per cent, a remarkable achievement when compared with the negative
scenario in 2012 and 2013, says Minister of International Trade and
Industry, Datuk Seri Mustapa Mohamed today.
He said major trading partners that contributed to the growth in trade were Asean countries, which
grew by RM14.54 billion or 3.9 per cent.It was followed by the European Union ( + RM8.35 billion
or 6.2 per cent), the United States (+ RM8.01 billion or 7.4 per cent) and Australia (+RM7.48 billion
or 16.4 per cent).
Other increases were Hong Kong (RM6.05 billion or 14.5 per cent), Taiwan(RM5.94 billion or 11.2
per cent) and followed by China (RM4.54 billion or 2.2 per cent).“Expansion in exports was spurred
by higher demand for manufactured products, in particular electrical and electronic (E&E) products
and steady demand for commodities,” Mustapa said.
He added that with the exception of export commodities such as palm oil and rubber, other exports
to China continued to be sustained.“Higher exports were recorded for E&E products (+RM2.81
MITI Weekly Bulletin / www.miti.gov.my
01
billion), petroleum products (+RM685.2 million), transport equipment (+RM242.6 million) and optical
and scientific equipment (+RM299.5 million).
“There was also greater demand in emerging markets such as countries in Africa, Central Asia and
South Asia,” Mustapa said.He also said there were 16 markets which registered higher exports of over
RM1 billion.
They were Singapore, the United States, India, Hong Kong, Australia, Japan, Taiwan, the Netherlands,
the Philippines, Korea, Kenya, Germany, Norway, Mexico, the United Kingdom and Vietnam. These
countries accounted for 64.7 per cent of Malaysia’s total exports.
On the other hand, trade with the Free Trade Agreement (FTA) countries registered a growth of 3.9 per
cent to RM906.6 billion, with exports expanding 4.7 per cent to RM491.35 billion and imports growing
at 2.9 per cent to RM415.25 billion.
Malaysia’s trade and exports are expected to Trade Development Corp (Matrade)’s portal. On
grow between two and three per cent next the Trans-Pacific Partnership Agreement (TPPA),
year, says International Trade and Industry Mustapa said the negotiations are ongoing.
Minister Dato’ Sri Mustapa Mohamed.
“We have reviewed TPPA progress recently and
Mustapa said the modest growth projection some technical issues are not too difficult to be
was due to the drop in world growth sorted out but some numbers of political issues
anticipated from 3.8 per cent to 3.5 per need to be cleared,” he said. On Malaysia and
cent.“We also face uncertainties created Indonesia’s commitment to increase bilateral trade
by fluctuations in oil prices and other to US$30 billion for 2015, he said both countries
commodities as well as mixed impact on were committed to achieve the desired figure.
sectors by the fluctuating exchange rate of
the ringgit.
On another development, Mustapa said, Matrade
would organise 116 export-promotion programmes
“However, we believe there will be recovery to 46 countries.“Matrade will be involved in
in the oil prices and there are pluses and organising events to attract local companies to
minuses of the current ringgit performance promote their products and services overseas.
to our exports,” he said at a briefing on
“Malaysia’s Trade Performance 2014” here “They will co-organise the Malaysia International
Thursday.
Halal Showcase, Intrade Malaysia and Malaysian
International Furniture Fair and also hold
Meanwhile, he said, the ministry would international events such as Arab Health, Semicon
accelerate exports programme through West, Kuala Lumpur International Aerospace
digital platforms such as ‘MyExport & Business Convention and Gulf Food and Big 5,” he
Trade2Media’, ‘eTrade’ and Malaysia External said.
“DRIVING Transformation, POWERING Growth”
Trade, Exports Expected To Grow
Between 2, 3 Per Cent In 2015 - Mustapa
Source : BERNAMA, 06 February 2015
MITI Weekly Bulletin / www.miti.gov.my
02
MALAYSIA
External Trade, 2014
Dec 2014 Nov 2014
2014
2013
RM MILLION
Change % Change %
(m-on-m) Change
(y-on-y)%
(y-on-y)
Exports
67,692.4
63,727.3
766,128.5 719,992.4
6.2
Imports
58,499.1
52,600.4
683,016.3 648,694.9
11.2
5.3
Total
Trade
126,191.5
116,327.7
1,449,144.8 1,368,687.3
8.5
5.9
0.9
0.9
0.9
0.9
0.9
0.9
RM million
Trade Balance, 2014
10.4
9.5
6.4
83.1
“DRIVING Transformation, POWERING Growth”
Source : Department of Statistics, Malaysia
6.4
0.9
11.1
9.3
8.7
5.6
9.2
4.1 3.6 3.9
1.1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
03
Top Five Trading Partners, 2014
Exports
RM92.3 bil.
Imports
RM115.5 bil.
Exports
RM108.8 bil.
Imports
RM85.7 bil.
Exports
RM82.7 bil.
Imports
RM54.7 bil.
9.5% of total Malaysia Trade
Exports
RM64.4 bil.
Imports
RM52.3 bil.
8.1% of total Malaysia Trade
Imports
RM39.6 bil.
5.5% of total Malaysia Trade
Exports
RM40.3 bil.
Total
Malaysia
Trade
Exports
RM766.1 bil.
RM207.9 bil.
14.3% of total Malaysia Trade
RM194.5 bil.
13.4% of total Malaysia Trade
RM137.5 bil.
RM116.7 bil.
RM79.9 bil.
Total Trade Value
Imports
RM683.0 bil.
RM1,449.1 bil.(100%)
Source : Department of Statistics, Malaysia
Imports by Broad Economic Categories, 2014
RM billion
2014
2013
7.6%
400
Total Imports
2014 : RM683.0 bil.
2013: RM648.7 bil.
408.4
300
200
0
7.7%
-2.1%
100
96.2
379.5
98.2
99.1
5.7%
47.6
50.3
Intermediate Capital Goods Consumption
Goods
Goods
Note: Change % (Y-o-Y)
Others include Dual Goods, Goods nes and Transaction below RM5,000
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
92.0
Re-exports
-7.9%
31.5
29.0
Others
04
Major Export Products, 2014/2013
2014
2013
Petroleum Products
Electrical and Electronics RM256.1 bil.
8.1%
RM70.4 bil.
RM237.0 bil.
LNG
RM64.3bil.
2.9%
RM68.4 bil.
Chemicals & Chemical Products
7.9%
RM51.5 bil.
RM59.6 bil.
8.5%
RM47.5 bil.
2.3%
RM47.0 bil.
RM45.9 bil.
Major Import Products, 2014/2013
Petroleum Products
Electrical and Electronics
RM190.8 bil.
6.2%
RM80.0bil.
RM179.6 bil.
Chemicals & Chemical Products
RM62.1 bil.
8.7%
“DRIVING Transformation, POWERING Growth”
Palm Oil
RM73.7bil.
Machinery,appliances & parts
11.2%
RM57.1bil.
RM55.9 bil.
4.6%
RM54.6 bil.
Manufactures of Metal
RM41.7 bil.
Note: Change% (Y-o-Y)
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
2.6%
RM40.7 bil.
05
Export to Selected FTA Partners, 2010-2014
250
RM billion
200
150
100
50
0
2011
2012
2013
2014
162.2
171.6
188.2
201.6
213.6
AUSTRALIA
24.0
25.7
29.1
29.2
33.0
JAPAN
66.8
81.4
83.4
79.2
82.7
NEW ZEALAND
3.0
3.0
3.6
4.4
5.2
P.R. CHINA
80.1
91.6
88.8
97.0
92.3
Import From Selected FTA Partners, 2010-2014
250
RM billion
200
150
100
50
0
2010
2011
2012
2013
2014
ASEAN
143.29
159.49
169.27
172.86
175.45
AUSTRALIA
10.19
12.81
14.61
16.49
20.23
JAPAN
66.53
65.36
62.37
56.36
54.75
NEW ZEALAND
1.97
2.41
2.42
2.74
2.92
P.R. CHINA
66.43
75.71
91.86
106.26
115.50
“DRIVING Transformation, POWERING Growth”
2010
ASEAN
Total Trade with Selected FTA Partners, 2010-2014
400
RM billion
300
200
100
0
ASEAN
2010
2011
2012
2013
2014
305.4
331.1
357.5
374.5
389.0
AUSTRALIA
34.2
38.5
43.7
45.7
53.2
JAPAN
133.3
146.7
145.8
135.6
137.5
NEW ZEALAND
P.R. CHINA
5.0
5.4
6.0
7.1
8.2
146.5
167.3
180.7
203.3
207.9
MITI Weekly Bulletin / www.miti.gov.my
06
Federal Government Revenue
Total Revenue 2014
RM222.1bil.
2014*
Companies Taxes,
RM65.7b, 29.6%
Individuals Taxes,
RM28.7b, 12.9%
Non-Tax Revenue,
RM50.6b, 22.8%
Petroleum Taxes,
RM28.3b, 12.7%
Indirect Taxes,
RM38.8b, 17.5%
Others Direct
Taxes,
RM7.5b, 3.4%
2013
Companies Taxes,
RM60.4b, 27.8%
Non-Tax Revenue,
RM54.4b, 25.0%
Total Revenue 2013
RM217.5 bil.
Individuals Taxes,
RM26.4b, 12.1%
“DRIVING Transformation, POWERING Growth”
Withholding &
Others Taxes,
RM2.5b, 1.1%
Petroleum Taxes,
RM30.5b, 14.0%
Indirect Taxes,
RM36.5b, 16.8%
Others Direct
Taxes,
RM7.0b, 3.2%
Withholding &
Others Taxes,
RM2.3b, 1.1%
Note: * Estimate by Ministry of Finance, Malaysia
Indirect Taxes includes Export duties, Import Duties, Excise duties, Sales Tax, Services Tax, Goods and Services Tax and others
Source : http://www.treasury.gov.my/pdf/percukaian/penerbitan/buku_anggaran_hasil_kerajaan_persekutuMITI Weekly Bulletin / www.miti.gov.my
07
Components of Federal Government Operating Expenditure
Total Operating Expenditure 2014
RM221.1bil.
2014*
Others,
RM32.7b, 14.8%
Subsidies,
RM40.6b, 18.3%
Emolument,
RM65.4b, 29.6%
Supplies & Services,
RM36.4b, 16.5%
Debt Service
Charges,
RM23.2b, 10.5%
2013
Others,
RM31.4b, 14.9%
Total Operating Expenditure 2013
RM221.3bil.
Emolument,
RM61.0b, 28.9%
“DRIVING Transformation, POWERING Growth”
Grants & Tranfers
to State
Governments ,
RM6.7b, 3.0%
Pension &
Gratuities,
RM16.2b, 7.3%
Subsidies,
RM43.3b, 20.5%
Supplies & Services,
RM33.9b, 16.0%
Grants & Tranfers
to State
Governments ,
RM6.0b, 2.9%
Debt Service
Charges,
RM20.8b, 9.8%
Pension &
Gratuities,
RM14.8b, 7.0%
Note: * Estimate by Ministry of Finance, Malaysia
Source : http://www.treasury.gov.my/pdf/percukaian/penerbitan/buku_anggaran_hasil_kerajaan_persekutu-
MITI Weekly Bulletin / www.miti.gov.my
08
“ASEAN and You”
Thailand
Key Economic Indicators
Area
Population
Total Population
67,222,972
513,120 km2
198,115 sq mi
2014 estimate
Trade With Malaysia, 2005 - 2014
12,304.7
12,114.0
7,590.7
6,036.3
1,554.4
2005
190.6
2006
2007
2008
Export
National
Account
2009
2010
Import
2011
0.6% ( Q2 2014)
(Q4 2014)
Exports: US$ 57,517.8 mil.
Imports: US$ 55,977.0 mil.
Total Trade:US$ 113,494.8 mil.
Prices
2013
2014
Trade Balance
Financial
Account
External Trade
GDP
Growth Rate
2012
“DRIVING Transformation, POWERING Growth”
USD Mil.
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
(Q3 2014)
Net Foreign
Direct Investment
US$ 3,928.8 mil.
Labour
Inflation Rate
Unemployment Rate
-0.41% (Jan 2015)
0.6% (Dec 2014)
MITI’s ASEAN Portal can be access via http://www.miti.gov.my/cms/aec2015.jsp.
Sources:Bank of Thailand, Ministry of Commerce Thailand, Tradingeconomics,http://en.wikipedia.org and
www.worldometers.info/world-population/thailand-population/
MITI Weekly Bulletin / www.miti.gov.my
09
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)
Tuesday 10 – Wednesday 11 March 2015: ASEAN-OECD GRP
Conference
The 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
AMS and OECD countries, representatives of business and civil society, academia, regional
and international organisations.
“DRIVING Transformation, POWERING Growth”
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.
Thursday 12 March: ASEAN OECD Good Regulatory Practices
Network Meeting (by invitation)
Chaired by Malaysia and New Zealand, this meeting will provide a government-togovernment 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.
More detailed information, including an agenda, invite and registration forms will be forthcoming
in early 2015. For further information please contact: 2015GRPConference@oecd.org
MITI Weekly Bulletin / www.miti.gov.my
10
Email: regulatoryreview@mpc.gov.my
Transformation . Innovation . Partnership
International Report
Singapore Economic Indicators
“DRIVING Transformation, POWERING Growth”
RIS Portal: ris.mpc.gov.my
Source: Department of Statistics Singapore
MITI Weekly Bulletin / www.miti.gov.my
11
Leading cities in international visitor
spending worldwide in 2014
City
Source:www.statista.com
MITI Weekly Bulletin / www.miti.gov.my
19.27
18.57
17.02
14.34
13.04
11.51
11.25
10.95
10.81
9.38
8.28
8.08
7.84
7.37
“DRIVING Transformation, POWERING Growth”
London
New York
Paris
Singapore
Bangkok
Seoul
Barcelona
Dubai
Taipei
Istanbul
Hong Kong
Kuala Lumpur
Los Angeles
Tokyo
International Visitor
Spending (US $ bil)
12
Malaysian Ringgit Exchange Rate with
Euro and US Dollar
1 EUR = RM
1 USD = RM
4.60
3.70
1 USD = RM 3.58
4.50
3.60
3.50
4.40
3.40
4.30
3.30
4.20
3.20
4.10
1 EUR = RM 4.17
3.10
4.00
3.00
3.90
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2014
Jan
2.90
2015
Source : Bank Negara, Malaysia
Gold and Silver Prices, 21 November 2014 - 6 February 2015
US$/Gram
43.0
US$/Oz
18.5
Gold
Silver
18.0
42.0
17.0
40.0
39.9
38.5
39.0
16.5
16.4
16.7
16.0
38.0
Source : http://www.gold.org/investments/statistics/gold_price_chart/
6 Feb
30 Jan
23 Jan
16 Jan
9 Jan
2 Jan
26 Dec
19 Dec
12 Dec
5 Dec
21 Nov
6 Feb
30 Jan
23 Jan
16 Jan
9 Jan
2 Jan
26 Dec
19 Dec
12 Dec
5 Dec
14.5
28 Nov
36.0
21 Nov
15.0
28 Nov
15.5
37.0
Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz
Aluminum, Nickel and Copper Prices,
January 2014 - January 2015
“DRIVING Transformation, POWERING
17.5
41.0
US$/mt
20,000
17,500
14,849
15,000
12,500
10,000
7,500
5,831
5,000
1,815
2,500
Jan
Feb
Mar
Apr
May
Jun
Aluminum
Source : http://econ.worldbank.org
MITI Weekly Bulletin / www.miti.gov.my
Jul
2014
Copper
Aug
Sep
Oct
Nov
Dec
Jan
2015
Nickel
13
Number and Value of Preferential Certificates of Origin (PCOs)
Number of Certificates
2010
2011
2012
2013
2014
AANZFTA
38,550
47,387
60,923
68,381
44,228
AIFTA
11,917
19,048
28,408
30,472
26,851
AJCEP
8,468
8,449
9,454
13,743
11,059
263,139
301,408
223,542
ATIGA
ACFTA
37,398
47,097
59,758
72,931
69,519
AKFTA
24,874
29,419
35,094
37,772
40,359
67
693
2,884
14,248
74
65
865
383
MCFTA
1,389
3,712
3,088
MAFTA
467
15,820
19,282
MICECA
MNZFTA
29
MJEPA
45,385
46,924
51,134
56,771
43,075
MPCEPA
6,872
7,229
7,168
8,738
7,731
209,868
254,806
7,287
GSP
Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, Leichtenstein and Cambodia.
MPCEPA: Malaysia-Pakistan Closer Economic Partnership
AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement
Agreement (Implemented since 1 January 2008)
(Implemented since 1 January 2010)
12,000
140,000
10,000
120,000
100,000
8,000
RM Million
RM Million
Value of Preferential Certificates of Origin
6,000
4,000
20,000
-
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
AANZFTA
2,774
3,896
4,177
4,298
5,104
ATIGA
-
-
57,283
50,858
124,380
AIFTA
2,265
4,370
5,856
5,155
11,005
ACFTA
14,251
20,886
23,436
36,335
42,863
AJCEP
2,027
2,733
3,171
3,790
5,086
AKFTA
15,911
13,586
21,034
18,537
21,865
12,000
120,000
10,000
100,000
8,000
80,000
RM Million
RM Million
60,000
40,000
2,000
-
80,000
6,000
4,000
60,000
40,000
2,000
-
“DRIVING Transformation, POWERING Growth”
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)
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)
20,000
2010
2011
2012
2013
2014
MICECA
-
10
99
406
11,619
MNZFTA
2
4
4
244
10
MCFTA
-
-
160
445
1,341
MAFTA
-
-
39
1,087
2,130
Source: Ministry of International Trade and Industry, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
-
2010
2011
2012
2013
2014
MJEPA
7,755
10,805
10,911
8,385
9,215
MPCEPA
5,574
6,814
4,469
4,186
2,511
-
-
35,862
95,810
2,204
GSP
14
Commodity Prices
Crude
Commodity 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)
280 (high)
250 (low)
6 Feb 2015
(US$)
51.7
621.0
324.3
1,418.5
2003.9
51.1
% change*
7.2
3.7
2.1
2.5
2.3
2.3
n.a
n.a
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
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
(6 February 2015)
US$51.7 per bbl
Highest
(US$ per bbl)
Lowest
(US$ per bbl)
2015
2 Jan 2015: 53.8
2015
30 Jan 2015: 44.7
2014
13 June 2014: 107.6
2014
26 Dec 2014: 54.6
Average Domestic
Prices, 6 Feb 2015
Billets
(per MT)
RM1,500 - RM1,600
Crude Palm Oil
(6 February 2015)
US$621.0 per MT
Highest
(US$ 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)
RM1,850 - RM1,950
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.
MITI Weekly Bulletin / www.miti.gov.my
15
Commodity Price Trends
Crude Palm Oil
Rubber SMR 20
740
1,550
720.0
720
1,530
716.0
700.5
700
1,490
682.0
669.0
660
1,481.0
1,481.0
1,470
681.5
US$/mt
US$/mt
696.1
680
1,520.5
1,513.0
1,510
701.0
699.2
1525.0
664.0
1,430
645.0
1,470.5
1,453.0
1,450
1,436.5
1,418.5
1,406.0
1,410
640
1,390
620
621.0
1,396.5
600
1,350
21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
9 Jan 16 Jan 23 Jan 30 Jan 6 Feb
21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
Cocoa
2,350
360
2,351.7
2,300
2,326.7
350
2,288.1
2,326.7
340
345.5
337.8
335.3
US$/mt
2,150
2,100
2,117.5
1,950
324.3
319.8
314.8
314.5
1,958.9
301.8
280
21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
9 Jan 16 Jan 23 Jan 30 Jan 6 Feb
21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
Crude Petroleum
54.0
68.7
53.0
66.4
65
53.5
53.0
53.1
52.8
52.8
51.8
52.0
58.1
55
US$/mt
59.1
60
56.4
53.8
51.7
54.6
48.7
50
51.8
51.7
51.6
51.0
49.9
49.0
45.6
48.0
21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
9 Jan
16 Jan 23 Jan 30 Jan 6 Feb
21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
355.0
355.0
345.0
345.0
9 Jan 16 Jan 23 Jan 30 Jan 6 Feb
Iron Ore
Scrap Iron
370
140.0
130.0
350
320.0
320.0
320.0
320.0
320.0
320.0
320.0
320.0
300.0
300.0
300.0
300.0
300.0
300.0
300.0
121.4
300.0
114.6
110.0
280.0
US$/dmtu
320.0
128.1
120.0
330.0
310
111.8
100.6
100.0
90.0
96.1
92.7
92.6
81.0
80.0
270
82.4
70.0
230
51.1
50.0
40
250
51.1
48.2
48.4
45
9 Jan 16 Jan 23 Jan 30 Jan 6 Feb
Coal
75
US$/bbl
314.0
290
1,900
US$/mt
309.3
300
2,003.9
2,000
322.0
320
310
2,065.2
2,050
290
331.3
330
2,187.8
2,218.8
“DRIVING Transformation, POWERING Growth”
2,200
US$/mt
2,280.4
2,280.4
2,250
330
9 Jan 16 Jan 23 Jan 30 Jan 6 Feb
Raw Sugar
2,400
70
1,384.5
1,370
Scrap Iron/MT (High)
Scrap Iron/MT(Low)
31 Oct 7 Nov 14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan
* data not available from 16 - 30 Jan 2015
250.0
74.0
68.0
68.0
60.0
50.0
9 Jan
6 Feb
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2014
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.
MITI Weekly Bulletin / www.miti.gov.my
16
Success Story
S. KIANG SENG SDN BHD
SKS Group was started up in 1974 as S. Kian Seng
as a furniture business in a modest 5000sq ft. factory
producing just office chairs. Today, SKS Group has
evolved into a multinational organization with 5 separate
specialized brands sited in a 45,000 sq m. world-class
factory sitting on 6 acres of land in the prestigious
Subang Jaya Idustrial Park in Selangor.
PENETRATING THE GLOBAL MARKET
Business Development is a core component at SKS.
Recognising the importance of growing expanding
into unchartered frontiers, new opportunities and
platforms began to emerge for the Group. With the
assistance of MATRADE, the Group participated in
many international trade fairs and trade missions that
MATRADE organised annually in strategic locations
around the world. Their participation has given birth to
a platform for international presence.
Contact Us
Address: Lot 801, Jalan Subang 5,
Taman Perindustrian Subang,
47500 Subang Jaya, Selangor
Tel. Number: (603) 5636 1118
Fax Number: (603) 5636 1113
Email:sks@sks.com.my
MITI Weekly Bulletin / www.miti.gov.my
Every year, these trade missions gave SKS
Group a platform to explore new opportunities,
gain vital experiences and network connections,
as well as share the immense wealth of knowledge
in their own operations.
Through research, risk assessment and wide
exposure, SKS Group was able to increase
their capital investment, look into significant
product expansion and build a wide network of
reliable sources. SKS group was able to benefit
from MATRADE efforts in coordinating with
government bodies and participating actively in
such trade mission gives a tremendous boost to
many Malaysian companies such as SKS group –
in terms of credibility and international playing
fields.
“DRIVING Transformation, POWERING Growth”
Operating a 250,000sg ft production hub using a
systematic production process coupled with cutting
edge technology such as robotic assembly, 2D and 3D
laser cutting machinery, hydraulic bending machines
and efficient processing line-up, SKS Group is able to
provide a high-level of consistency in product quality for
all their products. In-house R&D engineering teams
with computer-aided facilties also allow SKS Group
a large production capacity and fast
turnaround
time. With easy accessibility to KLIA airport, Port Klang
Seaport and KL City Centre products can be shipped to
any location in the world with the greatest speed and
efficiency.
The Group has put in place an environmental
management programme that complies with all
relevant environmental legislation rules and
regulations prescribed by the cities, states and
the Government. The specific management
programme is vital to ensure prevention and
reduction of pollution in manufacturing and
other related processes, to safeguard an adverse
impact on the environment. SKS group is moving
towards ISO 14000 and have set its objective to
achieve it by year 2014.
17
MITI Programme
Lawatan Menteri MITI ke Pangkalan Kubor, Kelantan
3 Februari 2015
“DRIVING Transformation, POWERING Growth”
MITI Weekly Bulletin / www.miti.gov.my
18
Announcement
1 May-31 October 2015
“DRIVING Transformation, POWERING Growth”
“Quote of the day”
“To be yourself in a world that is constantly trying to make you
something else is the greatest accomplishment.”
Ralph Waldo Emerson (1803-1882), American essayist, lecturer and poet.
MITI Weekly Bulletin / www.miti.gov.my
19
Name
Designation
Job Description
Division
Email
Contact No.
: Mohd Khairi Shabudin
: Driver
: Responsible to provide
transport services to
MITI officers
: Administration
:: 03-62002454
Designation
Job Description
Division
Email
Contact No.
: Mohd Nujhan Zulkaflil @
Zulkifli
: Driver
: Responsible to provide
transport services to
MITI officers
: Administration
:: 03-62002454
“DRIVING Transformation, POWERING Growth”
Name
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