miti weekly bulletin vol 328

18
1. The ASEAN Economic Ministers (AEM) expressed confidence that the region’s economies will maintain their momentum in 2015 despite the global economic and geopolical challenges. They emphasised that the deepening economic integraon in the region would serve as a buffer in helping ASEAN progress and prosper. 2. They made these remarks at the 21st ASEAN Economic Ministers’ Retreat held on 28 February to 1 March 2015 in Kota Bharu, Malaysia. The Retreat was chaired by Dato’ Sri Mustapa Mohamed, Malaysia’s Minister of Internaonal Trade and Industry. Malaysia is the Chair of ASEAN for 2015. Economic Outlook for ASEAN 3. “We expect ASEAN’s economic performance to improve in 2015 to 5.1%, above the 3.5% global growth projecon. We based this on the stronger demand in advanced economies, energised by the robust US recovery and several policy smulus measures in the Eurozone and Japan. Also, the region’s domesc demand could get a further boost from falling oil prices with higher purchasing power for consumers, lower input costs for producers and greater fiscal space,” the Ministers said. 4. They cauoned, however, that falling oil prices could affect export earnings and government revenue for net oil-exporng economies in ASEAN. The Ministers also highlighted the concern posed by currency volality, including possible capital flow reversals. 5. “This is where the implementaon of ASEAN’s regional economic integraon can help Member States overcome the challenges posed by global economic volality. In 2013, intra-ASEAN trade amounted to USD 608.6 billion, accounng for 24.2% of total trade of the region, compared with USD 458.1 billion in 2008 when the AEC Blueprint was first implemented. Similarly, total foreign direct investment (FDI) inflows to ASEAN amounted to USD 122.4 billion in 2013, represenng the highest FDI flows into a region, globally. Intra-regional FDI accounted for a significant share of 17.4% of total FDI flows into the region in 2013,” the Ministers further elaborated. 21 ST ASEAN ECONOMIC MINISTERS’ RETREAT KOTA BHARU, KELANTAN, MALAYSIA 28 February -1 March 2015 Joint Media Statement MITI Weekly Bulletin / www.miti.gov.my 01

Upload: strategic-planning-miti

Post on 08-Apr-2016

223 views

Category:

Documents


4 download

DESCRIPTION

MWB Volume 328 3 March 2015

TRANSCRIPT

Page 1: MITI Weekly Bulletin Vol 328

1. TheASEANEconomicMinisters (AEM)expressed confidence that the region’seconomieswillmaintain their momentum in 2015 despite the global economic and geopolitical challenges. TheyemphasisedthatthedeepeningeconomicintegrationintheregionwouldserveasabufferinhelpingASEANprogressandprosper.

2. Theymadetheseremarksatthe21stASEANEconomicMinisters’Retreatheldon28Februaryto1March2015 inKotaBharu,Malaysia.TheRetreatwaschairedbyDato’SriMustapaMohamed,Malaysia’sMinisterofInternationalTradeandIndustry.MalaysiaistheChairofASEANfor2015.

Economic Outlook for ASEAN

3. “WeexpectASEAN’seconomicperformancetoimprovein2015to5.1%,abovethe3.5%globalgrowthprojection.Webasedthisonthestrongerdemandinadvancedeconomies,energisedbytherobustUSrecoveryandseveralpolicystimulusmeasuresintheEurozoneandJapan.Also,theregion’sdomesticdemandcouldgeta furtherboost from fallingoilpriceswithhigherpurchasingpower forconsumers,lowerinputcostsforproducersandgreaterfiscalspace,”theMinisterssaid.

4. They cautioned,however, that fallingoil prices could affectexport earnings andgovernmentrevenuefornetoil-exportingeconomiesinASEAN.TheMinistersalsohighlightedtheconcernposedbycurrencyvolatility,includingpossiblecapitalflowreversals.

5. “ThisiswheretheimplementationofASEAN’sregionaleconomicintegrationcanhelpMemberStatesovercomethechallengesposedbyglobaleconomicvolatility.In2013,intra-ASEANtradeamountedtoUSD608.6billion,accountingfor24.2%oftotaltradeoftheregion,comparedwithUSD458.1billionin2008whentheAECBlueprintwasfirstimplemented.Similarly,totalforeigndirectinvestment(FDI)inflows toASEANamounted toUSD122.4billion in 2013, representing thehighest FDI flows into aregion,globally.Intra-regionalFDIaccountedforasignificantshareof17.4%oftotalFDIflowsintotheregionin2013,”theMinistersfurtherelaborated.

21ST ASEAN ECONOMIC MINISTERS’ RETREATKOTA BHARU, KELANTAN, MALAYSIA

28 February -1 March 2015Joint Media Statement

MITI Weekly Bulletin / www.miti.gov.my 01

Page 2: MITI Weekly Bulletin Vol 328

Establishing the ASEAN Economic Community

6. TheMinisterswelcomedthesteadyprogressmadeinimplementingtheAECBlueprint,inparticularthe keymeasures prioritisedbyMember States. “Benefits are alreadyflowing toASEANbusinessesand consumers, from significant tariff liberalisation, progress in trade facilitationmeasures such asself-certification,simplificationofcustomsprocedures,andtheMutualRecognitionArrangementsonthemovementofskilledprofessionals intheregion.ASEANhasalsoput inplace legalstructuresoncompetition,consumerprotectionandintellectualproperty,contributingtoanimprovedenvironmentforbusiness.”

7. “TheformalestablishmentoftheAECbyend-2015marksamajormilestoneinASEAN’sefforttofulfilthegoalofanintegratedregion,encapsulatedundertherubricofOneVision,OneIdentity,OneCommunity.TheimplementationoftheAECmeasuresdoesnotmeanthatASEANwillbecomeasingleeconomicentityby1January2016,ratheritsendsastrongsignalthatpositivemeasureshavebeenputinplacetowardsamoreliberalisedandintegratedeconomicregion,”theMinistersadded.

8. TheMinisters highlighted that the focus for this year would be on further simplification ofCustoms procedures, harmonisation of standards, further liberalisation of services, enhanced tradefacilitation,andconclusionoftheservicesandinvestmentsportionoftheASEAN-JapanComprehensiveEconomicPartnership.TheMinistersalsodiscussedtheprogressindevelopingtheSMEStrategicActionPlan,with a specific focus onmicro and small enterprises, and the promotion of globally acceptedregulatorypractices.

Pushing Ahead with Regional Trade Talks

9. The Ministers noted that seven rounds of negotiations have been completed since thecommencement of the Regional Comprehensive Economic Partnership (RCEP) talks in 2013.Whenconcluded,RCEPwilllinktogethertheeconomiesofASEAN,Australia,China,India,Japan,KoreaandNewZealand.Theenvisionedgroupingwillaccountforhalftheworld’spopulationandalmost30%oftheglobaleconomy.

10. Amongtheoutstandingissuesyettobefinalisedarethoseontradeingoods,tradeinservicesandinvestment.TheMinistersurgedallPartiestoworkoutsolutionsthatarepragmatic,credible,andacceptabletoall,aswellasconsistentwiththeGuidingPrinciplesandObjectivesofNegotiatingtheRCEP.Notingthecomplexitiesofthissignificantundertaking,theMinistersreiteratedthecommitmenttoaimtocompletenegotiationsbyend-2015.

TheDecadeAhead

11. TheMinistersalsodiscussedtheprogressindevelopingacomprehensivevisionforAECbeyond2015.TheynotedthattheAECwillrequirefurtherenhancementstomeetthedemandsandchallengesover thenext tenyears. “This isparticularly relevantgiven thedynamicglobalenvironmentwearein.ASEANwillneedtoconstantly innovateandstrengthen itselftoensurethattheregioncontinuestobegloballycompetitive,” theMinisterselaborated. In this regard, theMinistersarecommittedtoimplementingtheNayPyiTawDeclarationonASEANCommunity’sPost-2015VisionadoptedbyLeadersat the 25th ASEAN Summit in November 2014. The Declaration endorsed the deepening of ASEANintegration, promotion of sustained and equitable economic growth, and promotion of ASEAN as arules-basedcommunityamongthekeyelementsofthisVision.”

12. TheMinisterswelcomedthestrongcontributionoftheprivatesectorandotherstakeholderstotheworkof theAEC.Theyreaffirmedthevalueofregularstakeholderconsultationsanddirectedofficials to review the recommendations of theASEANBusiness Advisory Council and other privatesectororganisations,withaviewtofurtherfosteringandfacilitatingtradeandinvestmentopportunitiesintheregionandbeyond.

MITI Weekly Bulletin / www.miti.gov.my 02

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 3: MITI Weekly Bulletin Vol 328

DomesticRM 171.3 b

ForeignRM 64.6 b

7.132.3

131.9

7.3

39.6

17.7

0

20

40

60

80

100

120

140

160

Primary Sector Manufacturing Sector Services Sector

RM billion

Foreign

Domestic

Source : MIDA

Source : MIDA

Investment by Sectors, 2014

Approved Private Investments , 2014

Total Investment : RM 235.9 billion

MALAYSIA

MITI Weekly Bulletin / www.miti.gov.my 03

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 4: MITI Weekly Bulletin Vol 328

Investment in Primary Sector (RM million), 2014

Investment in Selected Services Sub-Sector, 2014

Domestic, 169.9

Foreign, 80.7

Agriculture

Domestic, 6,238.8Foreign,

7,211.9

Mining

Domestic, 724.2

Plantation & Commodities

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

Real Estate Utility DistributiveTrade

FinancialServices

Hotel &Tourism Transport Support Services

84,314.7

9,046.13,742.7 5,252.2 6,348.8 5,899.7 4,700.8

4,244.2

4,923.1 1,618.7 341.1 228.9 557.9

RM m

illio

n

Foreign Domestic

RM 14.4 billion

RM 149.6 billion

Source : MIDA

MITI Weekly Bulletin / www.miti.gov.my 04

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Source : MIDA

Page 5: MITI Weekly Bulletin Vol 328

6,330

11,305

48,468

12,240

2014

Investment and Potential Employment in Manufacturing , 2004 - 2014

Domestic

32.3

Foreign

39.6

0

10

20

30

40

50

60

70

80

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

RM billion

88,634

78,343

40,000

50,000

60,000

70,000

80,000

90,000

100,000

110,000

120,000

2004 2006 2008 2010 2012 2014

Potential Employment

5,666

13,470

28,6807,813

33,005

2004

Managerial

Supervisory &TechnicalSkilled Workers

Sales, Clerical &OthersUnskilled Workers

Source : MIDA

Category of Employment

MITI Weekly Bulletin / www.miti.gov.my 05

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 6: MITI Weekly Bulletin Vol 328

Approved Manufacturing Projects by Industry, 2014

Projects Approved with Foreign Participation by Country, 2014

10.9

7.8

4.8 4.4

1.5 1.4 1.1 1.1 0.8 0.8

0.0

2.0

4.0

6.0

8.0

10.0

12.0

Japan Singapore PRC Germany South Korea USA Ireland Italy Netherlands India

RM billion

Investment by State (RM million), 2014

13,310

1,2383,049

3,837

768

7,866

8,4025,114

3,205

4,517

0%10%20%30%40%50%60%70%80%90%

100%

Johor Sarawak Pulau Pinang Selangor Kedah

Foreign Investment Domestic Investment

11,255

7253,047 1,975

3,748

4,727

10,4237,704

7,9691,868

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Petroleum Products Electronics & ElectricalProducts

Chemical & ChemicalProducts

Basic Metal Products Transport Equipment

RM million

Foreign InvestmentDomestic Investment

Source : MIDA

Source : MIDA

MITI Weekly Bulletin / www.miti.gov.my 06

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Source : MIDA

Page 7: MITI Weekly Bulletin Vol 328

Source : Ministry of Plantation Industries and Commodities (MPIC) F.O.B : Free On Board

26,156

-

5,000

10,000

15,000

20,000

25,000

30,000

Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

2010 2011 2012 2013 2014 2015

RM / Tonne

0

200

400

600

800

1,000

1,200

2009 2010 2011 2012 2013 2014

USD / Cubic Metre

Sawlogs(Meranti)

Sawntimber(Meranti MerahTua)

Plywood Plain(2.7 mm)

Source : Ministry of Plantation Industries and Commodities (MPIC)

07 MITI Weekly Bulletin / www.miti.gov.my

Pepper Average Price, 2010-2015

F.O.B Unit Value of Selected Forest Products, 2009-2014

Did You Know?

Page 8: MITI Weekly Bulletin Vol 328

Exports2,634.0

Imports546.7

0

500

1,000

1,500

2,000

2,500

3,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

RM million

Source : http://www.tradingeconomics.com

‘ASEAN and You’

MITI’s ASEAN Portal can be accessed via http://www.miti.gov.my/

K e y E c o n o m i c I n d i c a t o r sM y a n m a r

Source:Department of Statistics, Malaysia

NationalAccount

GDP Growth Rate6.4% ( 2014)

External Trade (2014)

Exports: US$ 10.23 bil.Imports: US$ 13.69 bil.

Total Trade:US$ 23.92 bil.

Malaysia’s Trade with Myanmar : 2004-2014

PricesInflation Rate

3.3% (2014)

LabourUnemployment Rate

4.0% (Jan - 2014)

Area676,578 sq km

261, 227 sq miles

Population53.7 million

2014

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my 08

Page 9: MITI Weekly Bulletin Vol 328

International Repor t

The “Oily” Truth, Jan - Nov 2014“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my 09

U.S Economic Indicators (Second Estimate)

GDP2014*2.6%

Unemployment Rate2014* 5.6%Inflation Rate

2014*0.76%

Producer Price IndexDec 2014- 0.2

Consumer Price Index2014*234.8

23,723

68,812

3,705

31,463

56,090 57,953

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

Crude Petroleum Petroleum Products LNG

RM million

Imports Exports

Source : Department of Statistics, Malaysia

Source : US Bureau of Economics

Page 10: MITI Weekly Bulletin Vol 328

Source : http://econ.worldbank.org

9.409.609.8010.0010.2010.4010.6010.8011.0011.2011.40

0.014

0.015

0.016

0.017

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

2014 2015

100 VND = RM 100 THB = RM

100 THB = RM 10.94

100 VND = RM 0.017

Source : http://www.gold.org/investments/statistics/gold_price_chart/ Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz

Malaysian Ringgit Exchange Rate with Vietnamese Dong and Thai Baht

Gold and Silver Prices, 12 December 2014 - 27 February 2015

Aluminium, Nickel and Copper Prices, January 2014 - January 2015

Source : Bank Negara, Malaysia

1,815

5,831

14,849

-

2,500

5,000

7,500

10,000

12,500

15,000

17,500

20,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

2014 2015

US$/mt

Aluminium Copper Nickel

39.1 39.0

36.0

37.0

38.0

39.0

40.0

41.0

42.0

43.0

12

Dec

19

Dec

26 D

ec

2 Ja

n

9 Ja

n

16 Ja

n

23 Ja

n

30 Ja

n

6 Fe

b

13 Fe

b

20 Fe

b

27 Fe

b

US$/Gram Gold

17.0

16.6

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5 1

2 De

c

19

Dec

26 D

ec

2 Ja

n

9 Ja

n

16 Ja

n

23 Ja

n

30 Ja

n

6 Fe

b

13 Fe

b

20 Fe

b

27 Fe

b

US$/Oz Silver

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my 10

Page 11: MITI Weekly Bulletin Vol 328

Source: Ministry of International Trade and Industry, Malaysia

Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, and Cambodia.

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)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)

AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)

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)

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)

MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 FebAANZFTA 80 115 76 86 90 87 92 74AIFTA 178 110 132 139 143 120 240 122AJCEP 34 136 75 75 75 104 116 72

0

50

100

150

200

250

300

RM

mill

ion

4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 FebATIGA 790 561 4,904 546 773 631 11,127 9,861ACFTA 451 306 303 464 562 505 533 165AKFTA 126 656 166 184 327 1,064 487 592

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

RM

mill

ion

4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 FebMICECA 53.02 44.94 39.93 65.37 43.02 58.35 47.23 40.80MNZFTA 0.07 0.31 0.09 0.08 0.52 0.25 0.08 0.02MCFTA 14.10 12.17 24.98 9.42 14.72 7.43 8.30 5.61MAFTA 47.84 28.88 96.36 42.20 40.95 27.65 51.15 25.27

0

20

40

60

80

100

120

RM

mill

ion

4 Jan 2015 11 Jan 2015 18 Jan 2015 25 Jan 2015 1 Feb 2015 8 Feb 2015 15 Feb 2015 22 Feb 2015

AANZFTA 766 819 809 963 883 663 1,001 467AIFTA 441 498 584 531 558 559 521 485AJCEP 134 325 185 170 243 241 254 116ATIGA 4,021 3,967 4,297 3,775 4,693 4,081 4,287 2,648ACFTA 1,167 1,231 1,429 1,150 1,232 793 920 790AKFTA 597 585 629 767 760 665 823 610MICECA 314 267 266 302 311 307 344 236MNZFTA 9 10 3 6 13 7 6 2MCFTA 48 61 74 39 62 56 53 27MAFTA 341 375 376 417 450 341 481 206MJEPA 741 948 835 874 972 817 847 608MPCEPA 124 157 160 160 158 153 130 139GSP 94 144 112 163 196 104 152 73

4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 FebMJEPA 179 145 152 355 157 123 133 116MPCEPA 11 34 75 20 18 41 17 72GSP 14 20 17 28 24 414 43 14

50

0

50

100

150

200

250

300

350

400

450

RM

mill

ion

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my11

Page 12: MITI Weekly Bulletin Vol 328

CommodityCrude

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)27 Feb 2015

(US$) 49.8 689.0 310.8 1,438.0 2,124.6 56.8 260 (high)240 (low)

% change* 2.1 0.1 4.9 1.3 0.5 0.2 7.14.0

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

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my12

Commodity Prices

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated n.a Not availble

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.

Highest and Lowest Prices, 2014/2015

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum (27 February 2015)

US$49.8 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

20152 Jan 2015: 53.8

201523 Jan 2015: 45.6

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (27 February 2015)US$689.0 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

201516 Jan 2015: 701.0

20156 Feb 2015: 621.0

Steel Bars(per MT)

RM1,900 - RM2,000

Average Domestic Prices, 27 Feb 2015

Billets(per MT)

RM1,500 - RM1,600

Page 13: MITI Weekly Bulletin Vol 328

1,436.5

1,481.0

1,470.5

1,520.5

1,453.0

1,396.5

1,406.0

1,384.5

1,418.51,426.5

1,419.5

1,438.0

1,350

1,370

1,390

1,410

1,430

1,450

1,470

1,490

1,510

1,530

12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb

US$

/mt

Rubber SMR 20

319.8314.8 314.0

309.3

301.8

335.3

345.5

331.3

324.3

330.0326.8

310.8

280

290

300

310

320

330

340

350

360

12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb

US$

/mt

Raw Sugar

52.8

51.7 51.8 51.8

53.5

51.6

51.1

49.9

51.1

56.1

56.9

56.8

46.0

48.0

50.0

52.0

54.0

56.0

58.0

12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb

US$

/mt

Coal

128.1

121.4

111.8

114.6

100.6

92.796.1

92.6

82.4

81.0

74.0 68.0

68.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

140.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

2014 2015

US$

/dm

tu

Iron Ore

681.5

669.0664.0

699.2

696.1

701.0

682.0

645.0

621.0

685.0690.0 689.0

600

620

640

660

680

700

720

12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb

US$

/mt

Crude Palm Oil

2,218.8

2,288.1

2,280.4

2,280.4

2,117.5

2,187.8

2,065.2

1,958.9

2,003.9

2,060.0

2,113.72,124.6

1,900

1,950

2,000

2,050

2,100

2,150

2,200

2,250

2,300

2,350

12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb

US$

/mt

Cocoa

58.1

56.4

54.653.8

48.4

48.7

45.6

48.2

51.752.8

50.849.8

40

42

44

46

48

50

52

54

56

58

60

12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 16 Jan 23 Jan 30 Jan 6 Feb 13 Feb 20 Feb 27 Feb

US$

/bbl

Crude Petroleum

320.0 320.0 320.0 320.0 320.0 320.0 320.0

330.0320.0

280.0 280.0

260.0

300.0 300.0 300.0 300.0 300.0 300.0 300.0

320.0

300.0

250.0 250.0

240.0

220

240

260

280

300

320

340

360

14 Nov 21 Nov 28 Nov 5 Dec 12 Dec 19 Dec 26 Dec 2 Jan 9 Jan 6 Feb 13 Feb 27 Feb

US$

/mt

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

* data not available from 16 - 30 Jan, and 20 Feb 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.

Commodity Price Trends“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my13

Page 14: MITI Weekly Bulletin Vol 328

14

LKL Advance Metaltech Sdn Bhd (278577-X)SUCCESS STORY

Oportunities are found in the most unlikely places; and this was the same for LKL Advance Metaltech Sdn Bhd, Malaysia’s leading medical furniture manufacturer that provides comprehensive and smart solutions for today’s healthcare sector. The company specialises in a broad spectrum of products, namely hospital beds, patient transport trolleys, birthcare tables, medical treatment carts, peripheral support equipment and the fabrication of steel and wooden products.LKL products are widely recognised for their outstanding quality. Complemented by excellent after sales service, the company has successfully earned the trust and confidence of healthcare providers worldwide.

DELIVERING BEYOND EXPECTATIONS IN THE HEALTHCARE INDUSTRY

LKL successfully penetrated the global market, starting with West Asia. Initially, there was some resistance and difficulties, due to cultural differences, perceptions and cost issues. However, LKL stayed true to its vision, by delivering only the best.Eventually, LKL managed to secure long-standing business opportunities in various countries, including Bangladesh, Pakistan, Singapore, the United Arab Emirates, Thailand and Kenya. The role of MATRADE came into play when LKL was seeking further business matching opportunities.“MATRADE really does make a difference, especially when you belong to such a niche market like the medical furniture industry,” says Founder and Managing Director, Lim Kon Lian.

LKL Advance Metaltech Sdn BhdNo 3, Jln BS 7/18,Kawasan Perindustrian Bukit Serdang,Seksyen 7, 43300 Seri Kembangan,Selangor Darul Ehsan, MalaysiaEmail (General) : [email protected]

INNOVATION LEADS ACHIEVEMENTS IN LKL

LKL has won many achievements and awards in the past years that speak for its quality, innovation and prod-uct assurance. Among the accolades added to LKL’s cap include The Brand Laureate Award, SME Award, SMB Award and 1Malaysia Enterprise Award.Recognition of LKL’s innovative work and products is simply another stepping stone for the company to achieve greater heights in the business, as they continue to expand into more countries this year forth.While LKL focuses on the need to raise the overall quality of patient care in health-care institutions, all products designed are done so with enhancing the aesthetics of these innovations to ensure they assist in reducing the workload on patients and carers alike.In recent times, LKL has incorporated the use of RFID tags to raise the bar in their bedside locker. Us-ingRFID technology has given an edge to LKL products, as it allows for clients to ensure that there will be a sense of security and personal touch to their institution’s furni-ture. “Technology advances so fast, we must keep up with it. But what’s more important is that we use it to improve and extend the existing lifespan of medical furniture as we know it. That’s the key in innovating a product,” says Lim

Page 15: MITI Weekly Bulletin Vol 328

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)

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.

Tuesday 10 – Wednesday 11 March 2015: ASEAN-OECD GRP ConferenceThe 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 ASEAN Member States (AMS) and OECD countries, representatives of business and civil society, academia, regional and international organisations.

Thursday 12 March 2015: ASEAN-OECD Good Regulatory Practices Network Meeting (by invitation)Chaired by Malaysia and New Zealand, this meeting will provide a government-to-government 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.

For further information please contact: [email protected]

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my 15

Page 16: MITI Weekly Bulletin Vol 328

MITI ProgrammeEconomic Wrap Up 2014, Sasana Kijang BNM

26 FEBRUARY 2015

MITI Weekly Bulletin / www.miti.gov.my16

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 17: MITI Weekly Bulletin Vol 328

MITI ProgrammeASEAN Economic Minister’s Retreat,

Kota Bharu Kelantan28 Feb - 1 Mac 2015

MITI Weekly Bulletin / www.miti.gov.my17

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 18: MITI Weekly Bulletin Vol 328

18

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/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c

Comments & Suggestions

Name : Khairul Azwan Wahab

Designation : Administration OfficerJob Description : Responsible for admin jobs

including doing CSR fordivisions, publication of MitiReport in Braille version andproduce ASEAN EconomicCommunity (AEC) Booklet inBraille version.

Division : Strategic PlanningEmail : [email protected] No. : 03-62000476

Name : Norzirah Othman

Designation : Administration OfficerJob Description : Responsible for managing

affairs linked with HumanResources Unit andManagement Counselling

Division : Human ResourcesEmail : [email protected] No. : 03-62034115

WTO

4 ALL

MITI Weekly Bulletin | www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin | www.miti.gov.my