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1 MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 VOLUME 590 VOLUME 590 MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY Weekly BULLETIN BULLETIN 16 June 2020 | NO. ISSN : 2180-0448 Media Release RM35 BILLION STIMULUS PACKAGE THAT PROSPERS PEOPLE, BOOSTS BUSINESSES AND ENERGISES THE ECONOMY The Ministry of International Trade and Industry (MITI) welcomes the implementation of the 40 initiatives contained in the National Economic Recovery Plan (PENJANA) announced by Prime Minister YAB Tan Sri Muhyiddin Yassin, yesterday. Since the Government reopened almost all the economic sectors on 4 May 2020, Malaysia has made steady strides in both the health and economic fronts. The number of COVID-19 cases is at a single digit level, with little likelihood of a sudden increase. With nearly all economic sectors reopened, 83 per cent of workers have returned to work. Nevertheless, the Government recognises that there remain challenges for businesses to restart their operations during this difficult period. In the engagements undertaken by MITI, challenges that were highlighted by the trade and industry associations, professional bodies as well as Small and Medium Enterprises (SMEs) include cash flow constraints, movement restrictions and supply chain disruption. The Government demonstrated unwavering commitment in addressing these challenges, by introducing the RM260 billion PRIHATIN stimulus packages to hasten economic rebound. The RM35-billion stimulus package is further proof of the Government’s determination to navigate the country towards a path of accelerated economic recovery. PENJANA is an enabler to prosper people, boost businesses and energise the economy. The extension of the 3-month Wage Subsidy Program totalling RM5 billion will secure the protection of employment of Malaysians. Amounting to RM600 per worker, it will also continue to help the industry and the SMEs cope with cash flow constraints. The introduction of the previous subsidies in the earlier packages had been well received by workers and employers having saved more than 2.2 million jobs. Now that the industry is almost fully opened, more than 12 million workers have returned to work. In view of the earlier success, the extension of this program will continue to provide relief for workers. Workers in sectors that are hardest hit as a result of the pandemic, such as tourism, are likely to gain from this Wage Subsidy Programme. Similarly, by announcing an incentive that ranges between RM600 to RM 1000 for employers who offer job opportunities to the unemployed and industry trainees, the Government has ensured that the right benefits trickle down to these segments of the society as well. In a move to encourage more workers to work from home, the Government has announced tax breaks for the purchase of ICT equipment. MITI views this as a crucial intervention by the Government in efforts to advance towards a digital economy. This incentive will support the private sector to remain productive and vibrant even while working from home. This will enhance the use of technology in the work process and help realise the Government's aspiration towards fostering a digital culture in our economy.

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Page 1: Weekly - miti.gov.my Weekly Bulletin/MITI_W… · MITI Weekly Bulletin | Malaysia Statistics Malaysia's Manufacturing April 2020 Malaysia’s Manufacturing sales plunged by 33.0 per

1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

VOLUME 590VOLUME 590

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeeklyB U L L ET I NB U L L ET I N

16 June 2020 | NO. ISSN : 2180-0448

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RM35 BILLION STIMULUS PACKAGE THAT PROSPERS PEOPLE, BOOSTS BUSINESSES AND ENERGISES THE ECONOMY

The Ministry of International Trade and Industry (MITI) welcomes the implementation of the 40 initiatives contained in the National Economic Recovery Plan (PENJANA) announced by Prime Minister YAB Tan Sri Muhyiddin Yassin, yesterday.

Since the Government reopened almost all the economic sectors on 4 May 2020, Malaysia has made steady strides in both the health and economic fronts. The number of COVID-19 cases is at a single digit level, with little likelihood of a sudden increase. With nearly all economic sectors reopened, 83 per cent of workers have returned to work.

Nevertheless, the Government recognises that there remain challenges for businesses to restart their operations during this difficult period. In the engagements undertaken by MITI, challenges that were highlighted by the trade and industry associations, professional bodies as well as Small and Medium Enterprises (SMEs) include cash flow constraints, movement restrictions and supply chain disruption. The Government demonstrated unwavering commitment in addressing these challenges, by introducing the RM260 billion PRIHATIN stimulus packages to hasten economic rebound.

The RM35-billion stimulus package is further proof of the Government’s

determination to navigate the country towards a path of accelerated economic recovery. PENJANA is an enabler to prosper people, boost businesses and energise the economy.

The extension of the 3-month Wage Subsidy Program totalling RM5 billion will secure the protection of employment of Malaysians. Amounting to RM600 per worker, it will also continue to help the industry and the SMEs cope with cash flow constraints. The introduction of the previous subsidies in the earlier packages had been well received by workers and employers having saved more than 2.2 million jobs. Now that the industry is almost fully opened, more than 12 million workers have returned to work. In view of the earlier success, the extension of this program will continue to provide relief for workers.

Workers in sectors that are hardest hit as a result of the pandemic, such as tourism, are likely to gain from this Wage Subsidy Programme. Similarly, by announcing an incentive that ranges between RM600 to RM 1000 for employers who offer job opportunities to the unemployed and industry trainees, the Government has ensured that the right benefits trickle down to these segments of the society as well.

In a move to encourage more workers to work from home, the Government has announced tax breaks for the purchase of ICT equipment. MITI views this as a crucial intervention by the Government in efforts to advance towards a digital economy. This incentive will support the private sector to remain productive and vibrant even while working from home. This will enhance the use of technology in the work process and help realise the Government's aspiration towards fostering a digital culture in our economy.

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2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

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sePENJANA also offers numerous

advantages for key economic movers in the country, including SMEs, Mid-Tier Companies (MTCs), Social Enterprises and start-ups. It is evident that the Government is keen to respond promptly to the needs of these entities. This move will inject new dynamism in the SMEs sector which constitutes the largest job creator in the economy. This sector should also undergo a paradigm change via the use of technology and innovation including digitalization for greater efficiency and productivity.

The special financial aid totalling RM500 million to be provided through PUNB and MARA is indeed timely in efforts to strengthen Bumiputera engagement and ensure business and entrepreneurship viability.

MITI welcomes the RM10 million matching grant allocated for Social Enterprises (SEs). By definition, SEs are businesses that pursue profit models that also accord an equal emphasis on the fulfilment of social objectives, such as improving the livelihoods of the B40 or marginalised groups, or safeguarding environmental well-being. These matching grants are a step in the right direction to nurture inclusive and responsible businesses that pointedly give back to the society.

The RM100 million allocated for the National Technology and Innovation Sandbox will serve as a catalyst that enables the exponential growth of start-ups in Malaysia. This is pivotal in ensuring that Malaysia remains a preferred destination for emerging start-ups, hence, attracting technology players that could become game changers.

The new tax incentive scheme in PENJANA is expected to attract more investments and bring better high technology employment opportunities. A full 10-year tax exemption will be granted for new investments in fixed assets valued between RM300 million and RM500 million. Investments in fixed assets exceeding RM500 million will enjoy full tax exemption for 15 years. A Special Incentive Allowance for Reinvestment will be provided for the 2020 to 2021 assessment years.

These tax incentives will provide the much needed shot-in-the-arm for investment and job creation. MITI is confident that these incentives will boost both local and foreign direct investment as well as attract multinational companies to re-shore their operations to Malaysia.

The Malaysian Investment Development Authority (MIDA), an agency under MITI, will also establish a new unit, namely, the Project Acceleration and Coordination Unit (PACU) to facilitate approvals and speed up the implementation of approved manufacturing projects. The manufacturer's license approval process for non-sensitive industries will be shortened to only 2 business days.

MITI is confident that this latest recovery plan together with the easing of the movement restrictions will provide the necessary impetus to further jumpstart and revitalise the economy and ensure that we remain on the right path to full recovery.

DATO’ SERI MOHAMED AZMIN ALISENIOR MINISTERMINISTER OF INTERNATIONAL TRADE & INDUSTRYSATURDAY, 6 JUNE 2020

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3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

PKS DIGALAKKAN UNTUK TEROKAI POTENSI HALAL SEPENUHNYA DI PERINGKAT GLOBAL

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Sektor halal adalah salah satu sektor bernilai tinggi di peringkat dunia dan sedang berkembang pesat bukan sahaja di negara-negara Muslim tetapi di negara-negara bukan Muslim juga.

Di Malaysia, pada tahun 2019, nilai eksport produk halal tempatan telah dicatatkan pada RM40.2 bilion dan produk halal Malaysia mempunyai reputasi yang tinggi dan diterima baik di peringkat antarabangsa. Namun, masih terdapat banyak peluang dan ruang yang perlu diterokai Perusahaan Kecil dan Sederhana (PKS) tempatan di dalam sektor ini.

Menurut Halal Development Corporation (HDC), segmen eksport makanan dan minuman (F&B) halal telah meningkat sebanyak 10.4%, pada tahun 2019 berbanding tahun sebelumnya. Segmen F&B yang berjumlah RM22 billion ini adalah segmen terbesar bagi eksport halal di Malaysia.

PKS tempatan mempunyai peluang menceburi pasaran halal global yang bukan sahaja merangkumi produk F&B, tetapi juga produk-produk lain seperti farmaseutikal, kosmetik, perkhidmatan kewangan, pelancongan, fesyen dan sebagainya.

China merupakan destinasi eksport produk halal Malaysia yang terbesar, mencatatkan nilai eksport berjumlah RM4.7 bilion pada tahun 2019. Diikuti Singapura, Amerika Syarikat, Jepun dan Indonesia.

Selain itu, rantau ASEAN adalah salah satu pasaran eksport halal utama Malaysia yang mencatatkan gabungan eksport halal sekitar RM12 bilion pada tahun 2019.Data-data ini menunjukkan potensi eksport di pasaran-pasaran tersebut dan wajar bagi PKS tempatan untuk mengambil peluang mengeksport ke negara-negara ini.

"Pasaran halal global menawarkan peluang yang sangat besar untuk PKS tempatan, terutamanya dalam mengeksport produk makanan ke luar negara, memandangkan sijil halal Malaysia amat terkenal dan mempunyai reputasi yang besar di peringkat dunia," kata Timbalan Menteri Perdagangan Antarabangsa dan Industri Datuk Lim Ban Hong, ketika lawatan kerja ke kilang pembuatan Kawan Food Berhad di Selangor Halal Hub, Pulau Indah semalam.

Tujuan lawatan ke Kawan Food ini adalah untuk meninjau pematuhan pihak kilang kepada Prosedur Operasi Standard (SOP) semasa Perintah Kawalan Pergerakan Fasa Pemulihan (PKPP) ini, dan mengetahui lebih mendalam mengenai gangguan rantaian bekalan global, serta pendekatan yang diambil oleh industri dalam menjalankan perniagaan di norma baru.

Kawan Food ialah salah satu pengeluar dan pengeksport produk makanan halal yang terkemuka di Malaysia. Antara produk keluaran mereka termasuk produk sejuk beku capati, popiah dan roti.Setakat ini, Kawan Food telah mengeksport ke 42 pasaran antarabangsa dan aktiviti eksport menyumbang 60 peratus daripada pendapatan syarikat ini pada tahun lalu.

Menurut HDC, terdapat lebih daripada 200,000 PKS tempatan yang berpotensi untuk terlibat dalam penghasilan produk halal dan penting bagi syarikat-syarikat ini mendapatkan sijil halal bagi menambah nilai kepada produk-produk mereka di peringkat domestik dan global.

HDC, yang merupakan agensi di bawah Kementerian Perdagangan Antarabangsa dan Industri (MITI), memainkan peranan sebagai penyelaras polisi dan program berkaitan dengan pembangunan industri halal di Malaysia. Manakala, Perbadanan Pembangunan Perdagangan Luar Malaysia (MATRADE) pula bertanggungjawab untuk membantu PKS-PKS tempatan mencari peluang-peluang eksport di luar negara.

“Saya ingin menggalakkan lebih banyak PKS tempatan untuk terus meneroka pasaran eksport halal yang semakin berkembang pesat serta memanfaatkan pensijilan halal Malaysia yang diiktiraf di seluruh dunia bagi memasarkan produk mereka di peringkat global,” kata Datuk Lim Ban Hong.

PEJABAT TIMBALAN MENTERI PERDAGANGAN ANTARABANGSA & INDUSTRI JUMAAT, 12 JUN 2020

KEMENTERIAN PERDAGANGAN ANTARABANGSA & INDUSTRI

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4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

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5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

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6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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MITI Weekly Bulletin | www.miti.gov.my

Released By:

DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA

DrUzir_Mahidin Dr_Uzir

11 June 2020

Released By:

DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA

DrUzir_Mahidin Dr_Uzir

11 June 2020

Released By:

DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA

DrUzir_Mahidin Dr_Uzir

11 June 2020

FOREIGN DIRECT INVESTMENT (FDI) IN MALAYSIA 2019

FDI FLOWS AND INCOME BY MAIN SECTOR

TOP COUNTRIES FOR FDI FLOWS AND INCOME

Source: Department of Statistics, Malaysia

Notes:- (%) share to total 2019- b refer to billion - negative value due to net outflows

"

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7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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MITI Weekly Bulletin | www.miti.gov.my

Released By:

DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA

DrUzir_Mahidin Dr_Uzir

11 June 2020

Released By:

DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA

DrUzir_Mahidin Dr_Uzir

11 June 2020

Released By:

DATO' SRI DR. MOHD UZIR MAHIDINCHIEF STATISTICIAN MALAYSIADEPARTMENT OF STATISTICS, MALAYSIA

DrUzir_Mahidin Dr_Uzir

11 June 2020

MALAYSIA'S DIRECT INVESTMENT ABROAD (DIA)2019

DIA FLOWS AND INCOME BY MAIN SECTOR

TOP COUNTRIES FOR DIA FLOWS AND INCOME

Source: Department of Statistics, Malaysia

Notes:- (%) share to total 2019- b refer to billion - negative value due to net outflows

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8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

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Malaysia's ManufacturingApril 2020

Malaysia’s Manufacturing sales plunged by 33.0 per cent in April 2020 to register at RM75.8 billion as compared to RM113.1 billion

reported in 2019.

Sales ValueRM75.8 billion -33.0%

Number of Employees 2,169,473 persons -3.2%

-6.2%

-30.8%

Salaries & WagesRM6,825.4 million

RM

Sales Value Per Employees RM34,918

RM

Petroleum, Chemical, Rubber & Plastic

-2.1% -9.8% -39.6%

Food, Beverages and Tobacco

Electrical & Electronics Products

Performance of Sales in Manufacturing Sector

Textile, Wearing Apparel, Leather

& Footwear

-67.5% -69.5% -70.4%

-59.7%

Non-Metallic Mineral Products, Basic Metal

& Fabricated Metal Products

Transport Equipment & Other Manufactures

Wood, Furniture, Paper Products

& Printing

Source: Department of Statistics, MalaysiaNote: % refer to Y-o-Y Growth

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9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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RM3.0b

RM4.6b

Taiwan

Exports Imports

Note: % refer to Y-o-Y Growth

Mar 2019 Mar 2020 Change RM billion %

Exports 84.1 80.1 -4.7Imports 69.7 67.8 -2.7Trade Balance 14.4 12.3 -14.2Total Trade 0.2 0.1 -3.8

EMBARGO : Only to be published or disseminated at 1200 hours, Thursday, 11 June 2020

DEPARTMENT OF STATISTICS MALAYSIA

PRESS RELEASE

INDEX OF INDUSTRIAL PRODUCTION, MALAYSIA

APRIL 2020*

EMBARGO : Only to be published or disseminated at 1200 hours, Thursday, 11 June 2020

DEPARTMENT OF STATISTICS MALAYSIA

PRESS RELEASE

INDEX OF INDUSTRIAL PRODUCTION, MALAYSIA

APRIL 2020*

Malaysia's Industrial Production Index (IPI)April 2020

Malaysia’s IPI slumped 32.0 per cent in April 2020

Manufacturing Index, April 2020

Mining Index, April 2020

Crude oil & Condensate

Natural Gas -19.0%

Mar 2020: -6.0%

-20.2%Mar 2020: -7.1%

Source: Department of Statistics, MalaysiaNote: % refer to Y-o-Y Growth

MITI Weekly Bulletin | www.miti.gov.my

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10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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ASEAN total trade in services has increased significantly from US$252.2 billion in 2005 to US$778.6 billion in 2018. Total ASEAN exports of services increased nearly fourfold from US$112.5 billion in 2005 to US$404.9 billion in 2018 while total ASEAN imports of services increased nearly threefold from US$139.6 billion to US$373.8 billion (Figure 7.9). In terms of trade balance, after experiencing a continuous trade deficit since 2005, ASEAN recorded a positive balance on trade in services starting in 2015, which reached $31.1 billion in 2018.

INTERNATIONAL TRADE IN SERVICES2019

Source: https://www.aseanstats.org/publication/asean-key-figures-2019/

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11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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Note: % refer to Y-o-Y GrowthSource: https://timeseries.wto.org

WORLD TOP TRANSPORT EQUIPMENT EXPORTING COUNTRIES

Germany2018: US$361.94b2017: US$351.78b 2.9%

1

Global Exports 2018: US$2,253.0 billion 2.9%

USA2018: US$282.55b2017: US$287.12b 1.6%

2Japan2018: US$194.95b2017: US$184.32b 5.8%

3

France2018: US$122.60b2017: US$114.63b 7.0%6

R.O.Korea2018: US$90.44b2017: US$111.71b 19.0%7

United Kingdom2018: US$85.64b2017: US$84.34b 1.5%8

Spain2018: US$74.05b2017: US$71.08b 4.2 %

Malaysia2018: US$4.94b2017: US$4.06b 21.5 %

Mexico2018: US$134.80b2017: US$119.03b 13.2% 4

China2018: US$133.49b2017: US$118.55b 12.6% 5

Note: % refer to Y-o-Y GrowthSource: https://timeseries.wto.org

Malaysia was the fourth largest exporter amongst ASEAN members after Thailand, Singapore and Indonesia in 2018

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12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

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Global trade continues nosedive, UNCTAD forecasts 20% drop in 2020

Merchandise trade fell by 5% in the first quarter of the year and point to a 27% drop for the second quarter and a 20% annual decline for 2020.

Source: UNCTAD calculations based on national statistics.Notes: Quarterly growth is the quarter over quarter growth rate of seasonally adjusted values. Yearly growth is the four-quarter moving average of the quarterly growth rate. Figures for Q2 2020 are estimates.

REGIONAL TRADE IN 2020

Source: UNCTAD calculations based on national statistics.Notes: Statistics for April are preliminary and based on a limited number of countries. Data excludes intra-EU trade.

TRADE IN GOODS IN 2020

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13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

TRADE IN MEDICAL PRODUCTS IN 2020

Source: UNCTAD calculations based on national statistics.Note: Figures are in US$ million and percentage changes are year-over-year. Data excludes intra-EU trade.

Source: UNCTAD calculations based on national statistics.Notes: Percentage changes in world trade are year-over-year. Changes for Q1 are estimated from HS6 digits data of China, European Union and United States, while these for April are estimated only from China and United States data. Data

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tSECTORAL TRADE IN 2020

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14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

Number and Value of Preferential Certificates of Origin (PCOs)

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15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

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16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2019 - May 2020

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

4.1161

4.0746

4.35534.3418

4.06

4.11

4.16

4.21

4.26

4.31

4.36

4.41

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

2019 2020

RM

USD 1 = RM

7.8498

7.7731

8.59118.5837

7.70

7.80

7.90

8.00

8.10

8.20

8.30

8.40

8.50

8.60

8.70

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

2019 2020

RM

PHP 100 = RM

0.0177

0.0175

0.0186

0.0174

0.0176

0.0178

0.0180

0.0182

0.0184

0.0186

0.0188

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

2019 2020

RM

VND 100 = RM

52.4901

51.9208

56.185956.0110

51.50

52.00

52.50

53.00

53.50

54.00

54.50

55.00

55.50

56.00

56.50

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

2019 2020

RM

HKD 100 = RM

0.0291

0.0302

0.0276

0.0292

0.027

0.028

0.028

0.029

0.029

0.030

0.030

0.031

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

2019 2020

RM

IDR 100 = RM

5.8219

5.9949

5.7180

5.7394

5.60

5.65

5.70

5.75

5.80

5.85

5.90

5.95

6.00

6.05

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

2019 2020

RM

INR 100 = RM

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17MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

3.8%*US$250.0

(low)

3.6%*US$270.0

(high)12 June 2020

3.7%*US$44.5

5.9%* US$1,582.3

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.

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

RUBBER SMR 20 -per MT-

1.3%*US$1,142.5

COCOA SMC 2 -per MT-

COAL -per MT-

SUGAR -per lbs-

0.4%*US$12.0

SCRAP IRON HMS -per MT-

Average Price 2019 i : US$1,414.6 Average Price 2019 i : US$1,592.4 Average Price 2019 i : US¢12.4

Average Price 2019 i : US$316.9 (high)Average Price 2019 i : US$291.6(low)Average Price 2019 i : US$56.5

Domestic Prices12 June 2020

Steel Bars(per MT)

RM2,000 – RM2,150

Billets(per MT)

RM1,700 - RM1,800

12 June 2020 12 June 2020 12 June 2020

12 June 2020

8.4%*US$38.7

CRUDE PETROLEUM (BRENT) -per bbl-

12 June 2020

CRUDE PALM OIL -per MT-

0.1%*US$556.8

12 June 2020

17 May 2019 : US$72.2

Highest2019/2020

03 Jan 2020 : US$68.6

24 Apr 2020 : US$21.4 09 Aug 2019 : US$54.5

Lowest2019/2020

27 Dec 2019 : US$794.5

Highest2019/2020

10 Jan 2020 : US$761.9

8 May 2020 : US$473.0 26 Jul 2019 : US$488.5

Lowest2019/2020

Average Price 2019 i : US$64.2 Average Price 2019 i : US$557.1

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Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

1,630.3

1,559.6

1,706.1

1,615.1

1,741.1

1,768.4

1,620.0

1,605.1

1,599.0

1,650.0

1,681.5

1,582.3

1,500

1,550

1,600

1,650

1,700

1,750

1,800

1,850

1,900

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June

2020

US$

/mt

Cocoa

1,737

1,698

1,718

1,696

1,696 1,711

1,719

1,7041,697 1,702

1,760

1,838

1,650.0

1,670.0

1,690.0

1,710.0

1,730.0

1,750.0

1,770.0

1,790.0

1,810.0

1,830.0

1,850.0

27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun

2020

US$

/mt

Pepper

1,117.5

1,067.0

1,130.5 1,132.5

1,112.0

1,081.5

1,106.5

1,099.5

1,104.51,108.5

1,157.0

1,142.5

1,050

1,070

1,090

1,110

1,130

1,150

1,170

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June

2020

US$

/mt

Rubber SMR 20

21.5

28.3

22.8

18.316.9

18.8

24.7

29.4

33.3

35.5

39.6

36.3

24.9

34.1

31.5

28.1

21.4

25.3

31.032.5

35.1 35.3

42.3

38.7

10

15

20

25

30

35

40

45

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun

US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

573.5

542.7

546.8

525.0

494.5

484.6

473.0478.7

506.2

525.0

557.7

556.8

400

420

440

460

480

500

520

540

560

580

600

27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June

US$

/mt

Crude Palm Oil

11.1

10.3

10.5 10.5

9.8

10.410.3

10.4

10.9 10.9

12.1 12.0

9.5

10.0

10.5

11.0

11.5

12.0

12.5

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 June 12 June

2020

US¢

/lbs

Sugar

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14.514.5

16.1

15.3

15.3

15.0

15.8

17.1

17.7

18.5

17.5

17.9

14.0

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun

2020

US$

/oz

Silver

52.0 51.9

54.0

54.4

55.2

54.7 54.8

55.8 55.7 55.6

54.1

55.7

50.0

51.0

52.0

53.0

54.0

55.0

56.0

57.0

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun

2020

US$

/g

Gold

Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

2,23

8 2,

082

2,05

2 2,

026

2,03

0

1,93

9 1,

920

1,85

4 1,

863

1,87

1 1,

845

1,78

1 1,

756

1,79

7 1,

741

1,75

4 1,

726 1,77

5 1,

771

1,77

3 1,

688

1,61

1 1,

460

1,46

6

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

Jun

Jul

Aug Se

pO

ctN

ov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

pO

ctN

ov

Dec Jan

Feb

Mar

Apr

May

2018 2019 2020

US$

/ to

nn

e

Aluminium

6,96

6 6,

251

6,05

1 6,

051 6,22

0 6,

196

6,07

5 5,

939

6,30

0 6,43

9 6,

438

6,01

8 5,

882

5,94

1 5,

709

5,75

9 5,

757

5,86

0 6,07

7 6,

031

5,68

8 5,

183

5,05

8 5,24

0

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Jun Jul

Aug Se

pO

ctN

ov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

pO

ctN

ov Dec Jan

Feb

Mar

Apr

May

2018 2019 2020

US$

/ to

nne

Copper

15,1

06

13,7

94

13,4

11

12,5

10

12,3

15

11,2

40

10,8

35

11,5

23 12

,685

13

,026

12

,773

12

,016

11

,944

13

,546

15

,749

17

,657

17,0

46

15,1

72

13,8

29

13,5

07

12,7

16

11,8

46

11,8

04

12,1

80

7,000

9,000

11,000

13,000

15,000

17,000

19,000

Jun Jul

Aug Se

pO

ctN

ov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

pO

ctN

ov

Dec Jan

Feb

Mar

Apr

May

2018 2019 2020

US$

/ to

nn

e

Nickel

Commodity Price Trends

65

.04

64

.56

67

.15

68

.44 7

3.4

1

73

.26

69

.15

76

.16

88

.22

86

.47

93

.70 1

00

.15

10

8.9

41

20

.24

93

.07

93

.08

88

.53

84

.98

92

.65

95

.76

87

.68

88

.99

84

.73

93

.65

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

Jun

Jul

Au

g

Se

p

Oct

No

v

De

c

Jan

Fe

b

Ma

r

Ap

r

Ma

y

Jun

Jul

Au

g

Se

p

Oct

No

v

De

c

Jan

Fe

b

Ma

r

Ap

r

Ma

y

2018 2019 2020

US

$/d

mtu

Iron Ore

740.3

718.1

748.6

785.3

773.8

813.0

789.3

817.1

886.3

874.6

830.4824.0

700.0

720.0

740.0

760.0

780.0

800.0

820.0

840.0

860.0

880.0

900.0

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun

2020

US

$/o

z

Platinum

275.0 275.0 275.0 275.0 275.0 275.0 275.0

270.0 270.0

280.0 280.0

270.0

255.0 255.0 255.0 255.0 255.0 255.0 255.0

250.0 250.0

260.0 260.0

250.0

230

240

250

260

270

280

290

27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun

2020

US

$/m

t

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

34.1 34.1 34.1

34.1

39.5

39.9 40.0

38.8

38.7

38.5

46.2

44.5

30

32

34

36

38

40

42

44

46

48

27 Mar 3 Apr 9 Apr 17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun

US

$/t

Coal

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