From The Minister‘s Desk
AEC To Spur Investments
From ASEAN Into Malaysia
“This accounts for 17.9 per cent of the total US$136.2 billion FDI inflows
into the region last year,” he told reporters at the AEC Open Day here Monday.Mustapa said similarly,
intra-ASEAN trade accounted for 24 per cent of the total ASEAN trade or US$608 billion.
Meanwhile, ASEAN’s per capita income now stands at US$4,130 with intra-ASEAN trade expected
to grow to 30 per cent by 2020.He also said being the ASEAN Chairman this year, Malaysia wants to
prepare local small and medium enterprises (SMEs), as they are the backbone of the national economy.
“The government will continue to provide financial support to SMEs. We have also identified the
transportation and finance sectors as needing extra focus and will be working on it,” he added.He said
the AEC blueprint had now achieved 91 per cent of the stipulated target and aims to hit 95 per cent by
this November.
“We are working very hard. We have 506 measures altogether, which are being monitored closely. Of
course, our objectives are very modest, as we operate by consensus and do not have supra authority.”
Source : BERNAMA, 10 August 2015
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Foreign Direct Investments (FDI) in Malaysia from its ASEAN peers is
expected to gain momentum with the ASEAN Economic Community
(AEC) becoming a reality from Dec 31 this year.Minister of International
Trade and Industry (MITI) Dato’ Sri Mustapa Mohamed said the sustained
removal of barriers among the 10-member grouping, had led to an
expansion in intra-ASEAN trade and investments, from US$1.22 billion in
2000 to US$24.4 billion in 2014.
MALAYSIA
Trade Performance, June 2015
Total Trade : RM120.5 bil., 1.9%
RM56.3 bil.
1.5%
Note:% refers to y-o-y growth
Trade Performance, 2014 - June 2015
RM billion
140.0
120.5
120.0
100.0
80.0
64.3
60.0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
40.0
56.3
Exports
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
Imports
Total Trade
“DRIVING Transformation, POWERING Growth”
RM64.3 bil.
5.0%
Major Export Contributors, Jan - Jun 2015
Electrical and Electronic Products RM129.5 bil.
4.9%
Chemicals & Chemical Products
RM26.3 bil.
4.0%
Petroleum Products
RM25.9 bil.
-28.9%
Note:% refers to y-o-y growth
Major Import Contributors, Jan - Jun 2015
Electrical and Electronic Products RM31.7 bil.
2.5%
Machinery, appliances
& parts
RM28.4 bil.
-0.4%
Note:% refers to y-o-y growth
Top Five Trading Partners, Jan - Jun 2015
PRC
RM106.7 bil,
15.4% share, 7.4% growth
Singapore
RM89.4 bil,
Thailand
RM41.0 bil,
5.9% share, 2.6% growth
USA
RM60.2 bil,
Total Trade
RM695.0 bil.
Japan
RM63.0 bil,
9.1% share, -10.3% growth
8.7% share, 5.1% growth
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
12.9% share, -7.0% growth
Note:% refers to y-o-y growth
“DRIVING Transformation, POWERING Growth”
RM94.5 bil.
6.4%
Chemicals & Chemical Products
Trade by Region, Jan - Jun 2015
Total Trade: RM695.0 bil.
Others
RM393.9 bil.
56.7% share
-3.0% growth
Africa
RM14.3 bil.
ASEAN
RM189.5 bil,
2.1% share
-1.1% growth
Europe
West Asia
27.3% share
-2.3% growth
RM70.7 bil.
RM26.6 bil.
10.2% share
0.7% growth
Note:% refers to y-o-y growth
Import by Broad Economic Categories (BEC)
2014 (Jan -Jun) & 2015 (Jan-Jun)
RM billion
200
Total Imports
Jan - Jun 2014 : RM335.3 bil. Jan - Apr 2015: RM326.6 bil.
150
Jan-Jun 2015
193.2
100
195.0
Jan-Jun 2014
Intermediate
Goods
Capital Goods
Consumption
Goods
Note: Others include Dual Goods, Goods nes and Transaction below RM5,000
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
Re-exports
16.1
46.6
51.1
28.8
25.0
0
46.8
48.1
50
11.3
Others
“DRIVING Transformation, POWERING Growth”
3.8% share
-14.1% growth
‘
Intra and Extra - ASEAN Trade
2014p
1,000.0
329.7
500.0
Exports
Imports
Total Trade
Intra-ASEAN
Extra-ASEAN
Foreign Direct Investment Net Inflows,
Intra and Extra - ASEAN, 2014p
Total Net Inflow
US$136.2 billion
Intra-ASEAN
17.90%
Extra-ASEAN
82.10%
Note: P- preliminary data
Source: http://www.asean.org/news
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
-
278.6
957.7
608.3
1,920.6
1,500.0
962.9
US$ billion
2,000.0
and You’
KOMUNITI EKONOMI ASEAN:MEMAHAMI KEWUJUDAN PELUANG
DAN FAEDAH KEPADA PERUSAHAAN KECIL DAN SEDERHANA
“DRIVING Transformation, POWERING Growth”
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MITI Weekly Bulletin / www.miti.gov.my
ASEAN and Arizona Trade
Indonesia
Malaysia
The Philippines
Arizona exported US$50.5 million
in goods to the Philippines in 2014,
dropping 29.4 percent from 2013.
Again, this drop appears to have
arisen from a similar situation as
affected the Malaysian market.
When assessing export numbers,
computer and electronic product
exports from Arizona to the
Philippines reached a high of
US$210 million in 2006, the
biggest year for Arizona exports
to the Philippines in the past
decade, but these declined to
US$28.2 million in 2014.
The Philippines exported US$81
million in goods to Arizona in
2014, ranking as the 25th largest
country for imports
Thailand
Arizona exported US$351 million
to Malaysia in 2014, making
Malaysia the 12th largest market for
Arizona exports. However, exports
in 2014 were down 12.4 percent
from 2013. This drop appears to
be caused in part by retrenchment
in Arizona’s semiconductor and
electronics exports. Malaysia was
the #2 export market for Arizona,
and many Arizona companies
would send computer chips to
Malaysia for assembly. As the
semiconductor industry globalized,
Arizona’s trade with Malaysia
dropped, indicating that a rethink in
the state’s semiconductor industry
is required.
Arizona exported US$488 million
in goods to Singapore in 2014,
up 12.9 percent from 2013 and
making it the 8th largest export
market overall. However, total
exports to Singapore were down
from US$727.1 million in 2005.
Singapore’s high figures as a total
for Arizona exports compared with
other ASEAN nations are due to
its position as a transshipment
destination for products destined
not only for the Singaporean
domestic market, but also for other
Asian destinations, including India
and China.
Arizona imported US$898 million
in goods from Malaysia in 2014,
ranking fifth overall. The new
TPP agreement will affect US
trade with Malaysia. Significant
tariff reductions can be expected
for Arizona exports of plastic
sheets and films, which have
faced a Malaysian import duty of
20 percent to date. Opportunities
exist within this market sector for
Arizona companies.
These products included:
In Malaysian exports to the United
States, tariffs of 32 percent for
men’s and women’s man-made
fiber shirts faced a 32 percent
rate in 2013. This will be reduced,
making competition in this field
from Malaysian exporters more
intense.
1) Computer and electronic
products
2) Machinery, except electrical
3) Transportation Equipment
4) Primary metal manufacturing
5) Special classification provisions
Singapore
exported
US$218
million to Arizona in 2014, making
Singapore the largest market in
ASEAN with which Arizona has a
trade surplus. However, there are
concerns about the overall trend of
Arizona exports falling right across
the ASEAN region.
Arizona exported US$511.6 million to Thailand in 2014, ranking it
the 7th largest export market overall and up 10.2 percent from 2013.
Interestingly, in 2014 computer and electronic products made up 85.5
percent of exports to Thailand. However as has been noted earlier, this
trend of exporting such equipment to Asia is now coming to an end and
the computing and electronics industry in Arizona needs to reinvest to
get around this problem.
Thailand exported US$194 million to Arizona in 2014, meaning Arizona
has a trade surplus with Thailand.
Source: http://www.aseanbriefing.com/news/2015/07/17/state-by-state-asean-arizona-trade.html#more-3683
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Arizona exported US$51.6 million
of products to Indonesia in 2014,
up 6.7 percent. In return trade,
Arizona imported US$96 million
from Indonesia in 2014, up 37.3
percent from 2013 – close to
double that of goods sold by
Arizona. The smaller trade volume
Arizona has with Indonesia when
compared with Malaysia, a much
smaller country, indicates that
there is an untapped market for
Arizona companies to reach out
to in Indonesia.
Singapore
International Report
Cargo Traffic 2013
Rank
Total Cargo
2012
2013
City (Airport)
1
HONG KONG, HK 4,166,303
4,066,738
2.4
2
MEMPHIS TN, US 4,137,801
4,015,997
3.0
Loaded and unloaded freight and mail in metric tonnes
%
3SHANGHAI, CN 2,928,5272,938,157(0.3)
5DUBAI, AE 2,435,5672,279,624 6.8
6
ANCHORAGE AK, US 2,421,145
2,463,696
(1.7)
7
LOUISVILLE KY, US 2,216,079
2,168,365
2.2
8
FRANKFURT, DE 2,094,453
2,066,300
1.4
9PARIS, FR 2,069,2002,150,950(3.8)
10
TOKYO, JP 2,019,8442,006,173 0.7
28 KUALA LUMPUR, MY 713,254
702,226
1.6
29 ABU DHABI, AE 712,488
574,012
24.1
30
OSAKA, JP 682,338723,147 (5.6)
Source:http://www.aci.aero/Data-Centre/Annual-Traffic-Data/Cargo/2013-final
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
4INCHEON, KR 2,464,3842,456,724 0.3
Suez Canal Expansion
Egypt has opened a major expansion of the Suez Canal,
which deepens the main waterway and provides ships with
a 35km (22 mile) channel parallel to it. The expansion will
allow for two-way traffic along part of the route, as well as
for larger vessels overall.
It is recorded that Egypt was the first country to dig a canal
across its land with a view to activate world trade.The Suez
Canal is considered to be the shortest link between the east
and the west due to its unique geographic location; it is an
important international navigation canal linking between the Mediterranean Sea at Port
Said and the Red Sea at Suez.
It’s arguably the most strategic waterway in the world. One that affects most lives on the
planet. The Suez Canal may cut Africa off from Asia but it’s a vital lifeline connecting the
East and West.The navigation time will be reduced from 22 hours to 11 hours meaning
the latest must-have electronics from Asia will arrive sooner.
US$ 8.5 bn
Canal Expansion Project Budget
US$ 13.2 bn
Projected revenues by 2023
10%
Global maritime trade
pass through
97 Ships
A day by 2023 ( Up from 49)
11- hours
Southbound transit
(down from 18)
72 Km
New channel and Bypass
Sources: http://www.bbc.com/news/world-middle-east-33800076, http://worldmaritimenews.com/archives/167537/cargo-ships-test-new-suez-canal/
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
US$ 5.3 bn
Current Annual Revenue
Did You Know
Bill Gates
$79.2 billion
Larry Ellison
$50.0 billion
Michael Dell
$19.4 billion
Laurene Powell Jobs
$21.4 billion
“DRIVING Transformation, POWERING Growth”
The World's
Richest Tech
Billionaires
Jeff Bezos
$47.8 billion
Mark Zukerberg
$41.2 billion
Larry Page
$33.4 billion
Steve Ballmer
$22.7 billion
Jack Ma
$23.2 billion
Sergey Brin
$32.8 billion
Source: http://www.forbes.com/richest-in-tech/
MITI Weekly Bulletin / www.miti.gov.my
Malaysian Ringgit Exchange Rate with
US Dollar and Singapore Dollar
1 USD = RM
3.90
3.80
3.70
3.60
3.50
3.40
3.30
3.20
3.10
3.00
2.90
2.80
1 SGD = RM
2.85
1 USD = RM 3.80
2.80
2.75
2.70
2.65
1 SGD = RM 2.79
2.60
2.55
2.50
2.45
2.40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2014
2015
Source : Bank Negara, Malaysia
Gold Prices, January 2014 - July 2015
Gold
US$/Oz
1,350.0
1,300.0
1,250.0
1,200.0
1,244.3
1,150.0
1,128.3
1,100.0
1,050.0
2014
Jul
Jun
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan
1,000.0
2015
Source : http://www.gold.org/investments/statistics/gold_price_chart/
Silver Prices, January 2014 - July 2015
Silver
US$/Oz
22.0
20.0
19.9
18.0
16.0
15.1
14.0
12.0
2014
Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz
MITI Weekly Bulletin / www.miti.gov.my
2015
Jul
Jun
May
Apr
Mar
Feb
Jan
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan
10.0
“DRIVING Transformation, POWERING Growth”
1,400.0
Number and Value of Preferential Certificates of Origin (PCOs)
Number of Certificates (Provisional data)
14 Jun 2015 21 Jun 2015 28 Jun 2015
5 Jul 2015
12 Jul 2015
19 Jul 2015
26 Jul 2015
2 Aug 2015
AANZFTA
799
836
924
928
841
582
601
978
AIFTA
527
597
662
702
618
413
624
765
AJCEP
196
179
169
321
157
148
221
153
ATIGA
4,548
4,532
4,202
4,583
3,633
3,066
3,212
4,152
ACFTA
1,319
1,535
1,351
1,488
1,177
1,076
1,022
1,646
AKFTA
670
851
822
855
672
677
740
649
MICECA
279
328
302
318
381
190
336
308
MNZFTA
2
14
6
13
7
2
4
9
MCFTA
75
55
48
89
56
35
64
56
MAFTA
438
291
435
387
432
288
371
351
MJEPA
687
839
867
778
938
637
763
672
MPCEPA
137
177
167
198
95
110
130
143
GSP
97
105
116
195
154
93
76
155
Notes: The preference giving countries under the GSP scheme are Switzerland, the Russian Federation, Japan, Kazakhstan and Cambodia.
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
1,600
250
1,400
1,200
150
RM million
RM million
200
100
1,000
800
600
400
50
0
200
14 Jun
21 Jun
28 Jun
5 Jul
12 Jul
19 Jul
26 Jul
2 Aug
AANZFTA
77
87
85
111
78
126
80
182
AIFTA
89
236
157
163
116
113
222
221
AJCEP
56
76
96
89
51
50
95
57
0
14 Jun
21 Jun
28 Jun
5 Jul
12 Jul
19 Jul
26 Jul
2 Aug
ATIGA
942
802
880
1,298
829
525
719
1,352
ACFTA
762
726
827
842
613
410
547
830
AKFTA
91
125
149
794
375
126
261
413
600
70
60
500
400
40
RM million
RM million
50
30
20
300
200
10
100
0
-10
14 Jun
21 Jun
28 Jun
5 Jul
12 Jul
19 Jul
26 Jul
2 Aug
MICECA
43.12
58.12
33.25
45.89
56.68
22.77
50.64
34.72
MNZFTA
0.16
0.19
0.10
0.24
0.16
0.03
0.03
0.47
MCFTA
20.97
16.39
15.89
35.12
8.36
9.20
22.57
27.61
MAFTA
34.62
45.01
34.61
30.98
42.86
25.91
37.01
29.09
Source: Ministry of International Trade and Industry, Malaysia
MITI Weekly Bulletin / www.miti.gov.my
0
14 Jun
21 Jun
28 Jun
5 Jul
12 Jul
19 Jul
26 Jul
2 Aug
MJEPA
133
523
118
114
136
111
123
97
MPCEPA
27
73
33
30
38
12
20
46
GSP
16
16
15
38
27
13
18
27
“DRIVING Transformation, POWERING Growth”
AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement
(Implemented since 1 January 2010)
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)
7 Aug 2015
(US$)
43.9
599.5
234.0
1,343.5
2,058.0
47.3
250 (high)
230 (low)
% change*
6.8
3.7
3.3
3.8
7.8
0.4
3.8
unchanged
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
(7 Aug 2015)
US$43.9 per bbl
Highest
(US$ per bbl)
Lowest
(US$ per bbl)
2015
29 May 2015: 60.3
2015
7 Aug 2015: 43.9
2014
13 June 2014: 107.6
2014
26 Dec 2014: 54.6
Average Domestic
Prices, 7 Aug 2015
Billets
(per MT)
RM1,250 - RM1,300
Crude Palm Oil
(7 Aug 2015)
US$599.5 per MT
Highest
(US$ per MT)
Lowest
(US$ per MT)
2015
16 Jan 2015: 701.0
2015
7 Aug 2015: 599.5
2014
14 Mar 2014: 982.5
2014
26 Dec 2014: 664.0
Steel Bars
(per MT)
RM1,600 - RM1,700
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”
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
Commodity Price Trends
Crude Palm Oil
Rubber SMR 20
680
1,700
672.0
660
1,650
663.5
660.0
658.5
655.0
1,615.5
1,600
648.8
1,584.0
648.5
640
639.5
1,550
630.5
620
US$/mt
US$/mt
1,629.0
661.5
622.5
1,550.0
1,523.5
1,499.0
1,500
1,451.0 1,446.5
1,450
599.5
600
1,570.5
1,407.5
1,396.0
580
1,350
1,343.5
1,300
560
22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
3 Jul
22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul
10 Jul 16 Jul 24 Jul 31 Jul 7 Aug
Black Pepper
Cocoa
2,300
8,500
2,260.7
7,967
8,000
2,250.9
2,250
7,822
2,188.9
2,186.5
2,173.6
USD/ tonne
2,200
2,183.8
2,143.0
2,150
7,707
7,500
2,207.6
2,195.22,197.7
7,296
7,507
7,2867,267
7,000
6,864
6,959
7,148
7,063
6,469
6,500
6,000
2,100
7,853
7,806
7,894
2,231.5
2,213.8
US$/mt
10 Jul 16 Jul 24 Jul 31 Jul 7 Aug
6,515
6,245
5,740
5,779
5,843
5,500
2,058.0
2,050
5,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2014
2,000
15 May22 May29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul
10 Jul 16 Jul 24 Jul 31 Jul 7 Aug
2015
* until 7 August 2015
Raw Sugar
Crude Petroleum
290
70
280
65
278.3
65.4
65.6
270
250
262.3 263.4
263.3
265.8 266.8
60
59.7
US$/bbl
US$/mt
260
63.3
254.8
254.3
249.8
248.3
240
60.3
59.1
63.9
60.0
63.0
63.3
59.6
59.7
60.3
58.7
55
54.6
52.7
242.0
50
52.2
50.9
234.0
230
57.5
56.9
48.1
45
48.6
47.1
220
43.9
Crude Petroleum (WTI)/bbl
210
40
22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
3 Jul
10 Jul 16 Jul 24 Jul 31 Jul 7 Aug
Crude Petroleum (Brent)/bbl
22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
3 Jul
10 Jul 16 Jul 24 Jul 31 Jul
7 Aug
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
1,400
Commodity Price Trends
Aluminium
Copper
2,100
7,500
2,056
2,030
7,300
2,000
1,909
1,818
1,839
1,811
1,800
1,819
1,815
1,727
1,700
1,695
1,804
1,774
1,751
6,872
6,713
6,821
6,700
US$/ tonne
US$/ tonne
1,900
6,891
6,900
1,946
7,113
7,002
7,149
7,100
1,990
1,948
7,291
6,650
6,500
6,737
6,674
6,446
6,042
5,940
6,100
1,705
1,688
5,900
1,640
1,600
6,295
6,300
5,833
5,831
5,700
5,729
5,457
5,500
1,500
5,300
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2014
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2015
2014
2015
Coal
54.0
20,000
19,401
19,118
19,000
52.0
18,629
18,000
18,035
50.0
17,374
14,000
50.3
15,962
16,000
15,000
51.6
15,812
15,678
49.1
48.0
15,807
48.8
US$/mt
US$/ tonne
17,000
18,600
14,574
14,849
47.5
46.0
14,101 14,204
13,756
13,000
45.3
12,825
44.0
12,000
11,413
11,000
47.3
46.2
13,511
12,831
47.5
45.3
44.9
45.0
3 Jul
10 Jul 16 Jul 24 Jul 31 Jul 7 Aug
42.0
10,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2014
40.0
2015
22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun
Iron Ore
Scrap Iron
140.0
340
130.0 128.1
121.4
320
120.0
110.0
300
114.6
111.8
100.6
US$/mt
270.0 270.0 270.0 270.0 270.0 270.0
US$/dmtu
280.0 280.0 280.0
280
270.0
260.0
260
240
100.0
260.0 260.0 260.0
250.0 250.0 250.0 250.0 250.0 250.0
81.0
80.0
82.4
74.0
68.0
70.0
250.0
68.0
60.0
230.0 230.0
Scrap Iron/MT (High)
50.0
63.0
60.0
58.0
63.0
52.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
3 Jul
24 Jul 7 Aug
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
52.0
40.0
Scrap Iron/MT(Low)
3 Apr 10 Apr 17 Apr 24 Apr 8 May 15 May 29 May 5 Jun 19 Jun
92.6
92.7
250.0
220
200
90.0
96.1
“DRIVING Transformation, POWERING Growth”
Nickel
CARIMIN ENGINEERING
SERVICES & CARIMIN SDN BHD
Established in 1989, Carimin has emerged as one
of the leading integrated service providers in the Oil
and Gas Industry in Malaysia.
ACCREDITATION AND CERTIFICATION:
ISO 9001:2008
Our
Service
cover
offshore
engineering,
scheduled/work pack development procurement,
structural/
piping
fabrication,
electrical/
instrumentation installation, as well
as precommissioning
and
commissioning
activity.
Carimin has developed an established clientele
comprising major O&G player such as Petronas
Carigali, Shell, Murphy Oil, Talisman, Exxon Mobil,
Newfield, Hess, Nippon oil, PC Myanmar and others.
To date, Carimin has delivered more than RM1 Billion
Worth of projects and services. The group is also
one of the few players to be awarded a work package
under Petronas’ Pan Malaysia Integrated Hook Up &
Commissioning (HUC) & Topside Major Maintenance
(TMM) Services contract which commenced 2013.
KEY CLIENTS & PROJECTS
Country
Client(s)
Malaysia
Petronas Carigali Sdn Bhd
Malaysia
Talisman Malaysia Limited
Malaysia
Malaysia
Malaysia
Project Name and Summary of Work Scope
Provission of Hook Up & Commissioning and Topside Major Maintenance Services
for 2013 to 2018
Provision for Minor Fabrication for Flowlines and Structural Work
Provision for Pre-Commissioning and Commissioning at Pulain A Glycol
Dehydration & Regeneartion system Reinstatement for Petronas Carigali Sdn Bhd
Petronas Carigali Sdn Bhd
Umbrella Contract for the Provision of spot Charter Marine Vessel Services
Provision of Skilled Manpower supply for Onshore / Offshore Operations and
PC Myanmar (Hong Kong) ltd
Maintenance
Petronas Carigali Sdn Bhd
Add: B-1-6, Megan Avenue 1, 189 Jln Tun Razak,
50400, Kuala Lumpur, Malaysia
Tel: 603 2168 7000
Fax: 603 2164 2199
Website: www.carimin.com
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
CORE BUSINESS:
We are predominantly involved in the provision of:
• Hook Up & Commissioning Works
• Topside Major Maintenance Services
• Rejuvenation, retrofit and upgrading Services
• Onshore facilities construction and maintenance
• Inspection and professional manpower supply
• Minor fabrication works
• Marine services including supply of work boats
anchor handling tug supply, work barges etc.
MITI Programme
AEC Open Day 2015, MATRADE
“DRIVING Transformation, POWERING Growth”
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
MITI Weekly Bulletin / www.miti.gov.my
Name
: Zunaida Bee Mydin Pillai
Designation
: Assistant Administrative Officer (Asset)
Job Description: Responsible for the overall management
of the assets of the Ministry
Division
: Finance
Contact No
: 603-6200 0235
Email
: zunaida@miti.gov.my
Comments & Suggestions
Dear Readers,
Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish
letters as reprints.
http://www.miti.gov.my/index.php/forms/form/13
MITI Weekly Bulletin / www.miti.gov.my
“DRIVING Transformation, POWERING Growth”
Name
: Rosidi
Mansoor
ASEAN Economic
Integration
Division
Ministry
of
International
Trade
and
Industry
Designation
: Assistant Islamic
Affairs Officer
Job Description: Manage courses and islamic affairs
Division
: Human Resource Managemnet
Contact No
: 603-6200 0225
Email
: rosidi.mansoor@miti.gov.my